Biometric in the Automotive Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global biometric in the automotive market is expected to register a CAGR of 18.2% during the forecast period. After the increased adoption of biometrics in electronic devices, the applications of biometrics in automotive vehicles have also been gaining traction in recent years. Yet the implementation of this technology has been limited to the premium vehicle segment, but in recent years, its applications are estimated to enter the general personal vehicle segment due to its better vehicle security and other accessibility advantages.
Key HighlightsBiometrics in the automotive market is moderately competitive and consists of a few major players. However, with the advancement in security platform services, new players are increasing their market presence, thereby expanding their business footprint across emerging economies. Some of the recent developments in the market are:
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