as declared in The auto insurance industry is also increasingly adopting biometric driver authentication by charging premium rates specific to the driver of the vehicle, based on their individual history and characteristics.
In fact, a recent report found that the biometric vehicle access systems global market will increase from its current $442.7 million to reach $854.8 million by 2021.
For example, biometric technology can monitor drivers’ eye movements for drowsiness and distraction, and alert them when they are falling asleep.
The organization is hoping to recruit auto industry veterans, technology giants, startups, academics and hackers as members.
Aside from driver identification and authentication, biometric technologies can be used for a more seamless and convenient approach to in-cabin personalization, including setting the music, maps, and call history based on each driver’s preferences.
as mentioned in Report: ‘Global Automotive Executive Survey 2017’
BY James WilliamsAutomotive production in Western Europe will be less than 5 percent by 2030, according to KPMG’s ‘Global Automotive Executive Survey 2017’ – its annual state of play analysis of the industry.
Following the UK’s decision to leave the European Union (EU), 65 percent of automotive executives believe that the EU as it is today “will be history in 2025”.
Over 56 percent of global executives believe that the country is a “high growth market for traditional and mass volume manufacturers”.
This scenario would not only jeopardise the free trade zone within the EU, but also “disruptively affect the automotive industry worldwide”.
Automotive industry on cusp of rebuilding, union leader says
as mentioned in Automotive industry on cusp of rebuilding, union leader saysThe leader of Canada’s auto workers’ union said that Canada is about to build its industry again and therefore shouldn’t worry about US President Donald Trump’s protectionist policies.
Follow @BizReviewCANADARead the January 2017 issue of Business Review USA & Canada magazineSource: Canadian Business
According to Dias, Trump has bigger issues to deal with than Canada and is likely to focus on Mexico.
Dias doesn’t believe that said investment will be jeopardised by President Trump who has called for automakers to build plants in America.
Because of recent commitment by the so-called Detroit Big Three automakers to invest about $1.5 billion in their Canadian operations, Unifor president Jerry Dias said the automotive industry is in an opportunistic time.
collected by :Catlin Logan