The global automotive biometrics market size is expected to reach USD 864.14 Million by 2032, according to a new study by Polaris Market Research. The report “Automotive Biometrics Market Share, Size, Trends, Industry Analysis Report, By Type (Hardware, Software); By Scanner; By Sales Channel; By Vehicle; By Application; By Region; Segment Forecast, 2022 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
A severe security problem has arisen for owners and fleet operators due to increased auto thefts and the kidnapping of long-haul trucks carrying valuable cargo. The central locking mechanisms with passenger automobiles have yet to prove a viable deterrent against carjacking and other vehicle theft. Therefore, the automotive biometric industry is anticipated to grow rapidly to improve vehicle security.
Enhanced security is where vehicle biometrics are most commonly used. For security features like keyless door unlocking, surveillance, and keyless ignition, automotive biometrics uses users' distinctive physical characteristics, such as fingerprints and faces, enabling facial and fingerprint recognition. By keeping an eye on their exhaustion, drowsiness, and other symptoms, this technology can be used to identify sick drivers and prevent accidents. Some of the major players operating in the global market include Bimbel TBI (The British Institute), ELS Indonesia, LIA Language Institute, IALF (Indonesia Australia Language Foundation), Inlingua Jakarta, English Avenue, KELT (Kaplan Edupac Language Training), EDTech, Elite tutors, Kuanta Indonesia Surabaya.
The desire for electrified and driverless vehicles and the growing applications of sensor-based technologies greatly improves automotive biometrics. The increased use of text-to-speech, NLP-based technology, and biometrics will fuel industry expansion. Also, the impending IRIS and face recognition systems will significantly improve the vehicle's identification system, creating growth potential for the Automotive Biometrics industry.
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Also, there has been a considerable increase in passenger car sales over the last decade, with emerging nations generating huge market demand for markets installed in the vehicles. In addition, the rising focus of automobile companies for enabling personalized vehicles for users and favorable government initiatives relating to vehicle safety is also augmenting the growth outlook.
Polaris Market Research has segmented the Automotive Biometrics Market report based on type, scanner, sales channel, vehicle, application, and region:
Automotive Biometrics Market, Type Outlook (Revenue - USD Million, 2019 - 2032)
Automotive Biometrics Market, Scanner Outlook (Revenue - USD Million, 2019 - 2032)
Automotive Biometrics Market, Sales Channel Outlook (Revenue - USD Million, 2019- 2032)
Automotive Biometrics Market, Vehicle Outlook (Revenue - USD Million, 2019- 2032)
Automotive Biometrics Market, Application Outlook (Revenue - USD Million, 2019- 2032)
Automotive Biometrics Market, Regional Outlook (Revenue - USD Million, 2019 - 2032)