11 June 2019, The global fingerprint module market is subject to witness a substantial growth due to the growing demand for advanced security solutions and rising incidences related to terrorist attacks. Stringent laws & regulations by regional governments to mandate the adoption of identification technologies for citizens, employees, and foreign nationals in order to enhance national security are expected to favor market growth over the forecast period.

Additionally, numerous collaborative efforts are undertaken various government to improve security in response to the threat of terrorism over public safety. Globally, the market is predicted to grow at higher CAGR of 19.13% in the forecast period, providing numerous opportunities for market players to invest for research and development in the fingerprint module market.

In addition, increasing spending by local for improvements in existing security infrastructure, positioning emphasis on the technology is expected to favor market growth over the next seven years. Rising competition in the market owing to the presence of large number of manufacturers coupled with rise in the R&D operations to develop novel products are anticipated to fuel the growth of the market in the upcoming years.

Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation mobile computing for private enterprises are permanently changing the way an organization uses information technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years. Introduction of remote service management and varied wireless technologies are expected to favor market demand for fingerprint module. Increasing adoption of biometric security services such as fingerprint recognition and face recognition systems to provide secured financial transactions are anticipated fuel the growth of fingerprint module market over the next seven years.

The market is broadly categorized into five major segments based on the application type such as commercial sector, consumer electronics, banking, financial & insurance sector, government sector and military & defense sector. The consumer electronics is considered as one of the fastest growing segment in the with substantial revenue generation in the last few years. Growing popularity of fingerprint module in the consumer electronics segment is attributed to the rising demand for access control features in smartphones and tablets.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in security sector, increase in the number of research & development activities in the region, and existence of well-established industrial infrastructure.

Asia-Pacific region is predicted to hold major market share in the fingerprint module market with massive growth in forecast period. Countries such as India, China, South Korea, Japan and Singapore are leading the Asia-Pacific market with increasing security concerns due to terrorist activities, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the fingerprint module market are the 3M Company, Crossmatch Co., Fulcrum Biometrics LLC, NEC Co., Precise Biometrics A.B., IDEX ASA, Suprema Inc., and ZKTeco Inc.

Browse Related Category Market Reports @ https://www.millioninsights.com/industry/sensors

11 October 2018, the global Automotive Electronics Control Unit Market is estimated to report USD 53.91 billion by 2024 from USD 35.1 billion in 2016 expanding at a CAGR of 6.7% from 2016 to 2024. Factors that fuel this industry are widespread deployment of ECUs in electric vehicles and the popularity of infotainment systems. Surging demand for electric vehicles is fuelled by ecological concerns and high focus on energy efficiency of vehicles. Shift of focus towards green technologies propels the demand for driver-assist systems. This reduces the excessive dependency on fossil fuels and also controls CO2 emissions. The growing popularity of electric vehicles is another key factor that will fuel this industry in the forthcoming years.

The preference for sophisticated systems in mid-sized vehicles, such as navigation and high-end communication systems will create opportunities for expansion of this industry. Increasing R&D expenditure aimed at the production of cost-efficient components for various ECUs will fuel market demand. However, owing to complexities in the consolidation of automotive domains, this market is likely to face certain bottlenecks.

Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-electronics-control-unit-market

The global automotive ECU market is categorized on the basis of applications and geography. Based on applications, the divisions are powertrain, chassis electronics, safety & security, entertainment, and communication & navigation. The communication and navigation segment will expand significantly owing to surging demand for sophisticated in-car features, eco-efficiency, and in-car data storage.

Powertrain will witness strong growth because of changing environmental trends. Expanding at a CAGR of 5.6% during the forecast period 2016-2024, chassis electronics is expected to reach USD 11.62 billion by 2024 from USD 8.03 billion in 2016. Safety system encompasses tire pressure monitoring systems, pre-crash safety systems, anti-theft systems, keyless entry systems, and airbags. It protects consumers and vehicles from risky situations and thefts, respectively.

Ongoing industry trends depict that the communication and navigation segment will expand robustly during the forecast period.

Geographically, the automotive ECU market is categorized into North America, Europe, Asia Pacific, and Rest of the World. Europe is anticipated to be the fastest growing market because of the leading position that it holds in the luxury cars market. Other factors driving the Europe market are demand for navigation systems and popularity of telematics. Exponential growth of the logistics industry further fuels the growth. The North America market will be affected by the sluggish adoption of newer technologies. Owing to the growing popularity of safety systems coupled with the China V standard meant for light-duty vehicles, Asia Pacific will record significant growth.

The prominent companies operating in the global automotive ECU industry are Bosch, Delphi, Continental AG, Denso, and Hitachi Automotive. This industry is characterized by frequent mergers and acquisitions aimed at increasing market share. Companies opt for business ventures mainly for increasing their regional presence and also for broadening their product portfolio.

With an aim towards acquiring a loyal customer base and significant market share, Continental AG focuses on innovation, market intelligence, and superior product quality. Followed closely by Denso and Bosch, this market is led by Continental AG. ConnectedDrive, designed by BMW provides a variety of apps for downloads. This in turn reduces the need for developing hardware and new systems, thereby enhancing the scope of the current infotainment system. It is anticipated that embedded cellular link will create more services for upgrading and connecting the ECU software programs in automobiles.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/sensors-and-controls-industry

A new study by Hexa Research estimated that the global Parking Sensors Market was worth more than $2,500 million in 2012. Parking sensors assist drivers in parking their vehicles and alert them in case of an obstacle. They prevent pedestrian injury. Increasing space crunch and altered dimensions of common cars are paving the way for higher demand of parking sensors.

Based on technology, Hexa Research segments the total global parking sensors market into ultrasonic and electromagnetic sensors. Ultrasonic parking sensors contributed to more than 65% of the total market share in 2012. They are likely to continue market dominance in the coming years. However, electromagnetic parking sensors will witness faster growth with a CAGR of more than 19% from 2013 to 2020. These sensors retain the aesthetic appeal of the vehicle and are self diagnostic. They also come with a maintenance system.

Approximately 80% of the market comprised of installations made by Original Equipment Manufacturers (OEMs). They offer better construction and fitment and are therefore highly preferred. These installations are priced much higher than those available in the aftermarket segment, thus contributing to higher overall revenues.

Browse Details of Report @ https://www.hexaresearch.com/research-report/parking-sensors-industry/

Hexa Research observed that North America, with more than 38% share, was a leading region in the global parking sensors market in 2012. The region is expected to continue its leadership in future owing to regulatory initiatives. European region will generate demand for parking sensors in future due to rising sales of top-end vehicles that are fitted with high-quality parking sensors. Asia Pacific is likely to account for the fastest rise in future and will grow at a CAGR of 20% from 2013 to 2020.

Key market operators in the global parking sensors industry are Texas Instruments, Inc., Audi, Freescale Semiconductor Ltd., Continental AG, Volkswagen, etc. The market includes both, manufacturers of parking sensors and OEMs.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/sensors-and-controls-industry