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, 2024 - 2032
- Published Date:Jan-2024
- Pages: 115
- Format: PDF
- Report ID: PM2073
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global automotive biometrics market was valued at USD 297.51 million in 2023 and is expected to grow at a CAGR of 12.70% during the forecast period. The growing production and market demand of autonomous and connected vehicles around the world is also expected to accelerate the market growth during the forecast period. Also, there has been a considerable increase in passenger cars 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 the users, along with favorable government initiatives relating to vehicle safety, are also augmenting the growth outlook.
Know more about this report: Request for sample pages
The segment includes increased privacy and safety, fingerprint scans and recognition, and facial and voice, a major driver of industry growth. Hackers also need help finding passwords because access is only granted based on the owner's identification. The industry employs this market differently, including giving personalized vehicles for users to access playlists or contacts applications and access control for entering a car using biometric scanners. Ford, BMW, Mercedes-Benz, and VW are among the automakers aiming to implement technologies into vehicle security. Thus, an additional element boosting the expansion of the automotive biometric market revenue is the rising need for vehicle security implants.
The recent outbreak of the COVID-19 pandemic is extensive around the world, tapping communities, countries, and societies under massive pressure. As the ongoing pandemic (COVID-19) has spread all over the world, automakers are undergoing difficulties in managing their output level and supplies of components in the international market. Although, this pandemic has further fallen down the production unit of automobiles globally. In particular, automotive biometric systems have reduced drastically due to low production of automotive and disruptions in the supply chain. Further, the growing production and market demand of autonomous and connected vehicles around the world is also expected to accelerate the market growth during the forecast period.
The segment includes increased privacy and safety, fingerprint scans and recognition, and facial and voice, a major driver of industry growth. Hackers also need help finding passwords because access is only granted based on the owner's identification. The industry employs this market differently, including giving personalized vehicles for users to access playlists or contacts applications and access control for entering a car using biometric scanners. Ford, BMW, Mercedes-Benz, and VW are among the automakers aiming to implement technologies into vehicle security. Thus, an additional element boosting the expansion of the automotive biometric market revenue is the rising need for vehicle security implants.
The recent outbreak of the COVID-19 pandemic is extensive around the world, tapping communities, countries, and societies under massive pressure. As the ongoing pandemic (COVID-19) has spread all over the world, automakers are undergoing difficulties in managing their output level and supplies of components in the international market. Although, this pandemic has further fallen down the production unit of automobiles globally. According to the European Automobile Manufacturers Association, the production losses of vehicles due to factory shutdowns valued around 2,446,344 motor vehicles. In particular, automotive biometric systems have reduced drastically due to low production of automotive and disruptions in the supply chain. a result, the biometrics market is expected to face a significant downfall in recent years.
Know more about this report: Request for sample pages
Industry Dynamics
Growth Drivers
The rising focus on the development of autonomous vehicles is likely to drive the growth of the automotive biometrics market. Due to the improved accuracy of biometric systems, they are increasingly adopted in automotive security systems. As the biometric system is extremely dependent on biological confirmation, such as fingerprint scan, face & recognition technology, it improves the level of safety. Some of the manufacturers such as Ford, Mercedes-Benz, BMW, and Volkswagen are planning to integrate the biometric system in the vehicles to improve the customer's safety and convenience. Thus, the high deployment of automotive biometric has been observed, which could reinforce the biometrics market growth around the world.
Moreover, the escalating demand for comfort and aesthetics features in cars has significantly strengthened the adoption of markets, as it enables a more personalized experience for customers. Further, these biometrics system are linked with an interior camera that can identify the driver’s face and can automatically modify the mirror positioning, temperature, navigation, seat, and other parameters as per the data stored in the database.
Report Segmentation
The market is primarily segmented based on type, scanner, sales channel, vehicle, application, and region.
|
By Type |
By Scanner |
By Sales Channel |
By Vehicle |
By Application |
By Region |
|
|
|
|
|
|
Know more about this report: Request for sample pages
By Scanner Type Segment, the Fingerprint Scan Expected to Hold the Largest Market Share in 2022
Based on the scanner type segment, the fingerprint scan segment is expected to hold the largest market capture in the global market in 2022. The large share can be accredited to the increasing integration of personalized functions in biometrics platforms and the growing penetration of connected cars and smart vehicles across developed and developing nations. Furthermore, fingerprint scan popularity and familiarity are now becoming a leading progression among automobile manufacturers to assess the use cases for the technology in vehicles. Besides, fingerprint recognition technology is used as a security function and thus is considered as a biological key. This technological innovation has led to the advancement of keyless cars and push-button ignition systems that triggered the segment’s growth.
On the contrary, the voice recognition segment is projected to register a significant growth rate in the overall market during the forecast period. Factors such as the growing availability of biometric voice solutions for an automotive vehicle and the increasing advancements in voice recognition capabilities across autonomous vehicles are likely to support the demand for voice recognition in the market. Apart from this, companies such as Google, Apple, and Nuance are reforming the way of the practice of voice-activation in vehicles. For instance, Nuance’s Dragon Drive Automotive Assistant is integrated with voice, cloud, and connectivity components and offers an exclusive suite of services and features to the users in vehicles. Therefore, this factor will act as a key factor for driving biometrics market growth worldwide.
By Application Segment, the Passenger Car Segment is Expected to Hold the Highest to Witness Significant Market Share in 2022
Among the vehicle type segment, the passenger car segment is expected to hold the highest market capture in the global biometrics market in 2022. The large stake can be accredited to the increasing need for vehicle safety and security system, along with the rise in the production of passenger cars across developed and developing nations. According to the International Organization of Motor Vehicle Manufacturers (OICA), globally, the car's production is estimated at nearly 67.1 million in 2019, representing a surge from 58.2 million since 2010. Also, most OEM manufacturers of passenger cars mainly emphasize deploying innovative technologies into the vehicle to allow more personalized vehicles for the users, alongside enhancing vehicle accuracy. Thus, the rising technological breakthrough in the this sector also acts as a significant factor for supplementing the growth of the segment worldwide.
On the contrary, the commercial vehicle segment is projected to register a considerable share in the overall biometrics market. Factors such as the robust production and sales of commercial vehicles are one of the major factors impelling the demand of the biometrics market.
North America is Projected to Dominate the Market in 2022
Geographically, North America is dominating the global automotive biometrics market in 2022 and is estimated for the major revenue share due to the rising adoption & utility in passenger cars and commercial vehicles. Further, foreign manufacturers are projected to become a part of the mainstream biometrics industry in North America, especially in the United States and Canada. Since they have an extensive number of automotive parts suppliers along with the increasing number of vehicles on the road, are the few factors responsible for the high adoption of the market in the region.
Europe's market is mainly driven by the rising concern of vehicle safety and security, along with biometrics companies in the region are increasingly involved in partnership and business expansion to accelerate their geographical presence. Moreover, to accelerate the competitiveness of the European industry and preserves its technological infrastructure, the government and automotive companies of Europe support technological harmonization and provides funding for R&D. Therefore, the market demand is expected to grow in these economies.
Moreover, APAC is anticipated to perceive a significant growth stake over the study period. These countries have undergone the greatest transformation in the biometrics industry. The growth of GDP in the Asian economy and the high presence of automotive manufacturers create a huge market demand for Asian countries such as China, India, and Malaysia.
Competitive Insight
Some of the major players operating in the global market include BioEnable Technologies Pvt, ASSA ABLOY AB, Inc., CMI TECH., Biometrics Research Group, Crossmatch Technologies, Continental AG, fujitsu limited, Fingerprint Cards AB, Methode Electronics, Hitachi, Ltd., Safran S.A, Nuance Communications, Synaptics Incorporated, SecuGen Corporation, ZKTECO CO., LTD, Voxx International Corporation.
Recent Developments
- In 2022, Dermalog and Rheinmetall joined together to create Rheinmetall Dermalog SensorTec GmbH. The primary goal of this business is to increase traffic safety. This new business will offer cutting-edge biometric technologies to the auto industry.
- In 2021, The automotive manufacturer's Daimler Mobility division partnered with Visa to employ fingerprint scanning. This will enable the driver to make purchases without vocal instructions and help verify safe digital payments from the car.
- In March 2021, the USPTO made a Samsung patent illustrating a fingerprint biometric automotive ignition system available to the public (USPTO). The software suggests combining a driver's smartphone and a fingerprint sensor placed into the car's steering wheel.
Automotive Biometrics Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2024 |
USD 331.73 million |
|
Revenue forecast in 2032 |
USD 864.14 million |
|
CAGR |
12.70% from 2024 - 2032 |
|
Base year |
2023 |
|
Historical data |
2019 - 2022 |
|
Forecast period |
2024 - 2032 |
|
Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
|
Segments covered |
By Type, By Scanner, By Sales Channel, By Vehicle, By Application, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Key companies |
BioEnable Technologies Pvt, ASSA ABLOY AB, Inc., CMI TECH., Biometrics Research Group, Crossmatch Technologies, Continental AG, fujitsu limited, Fingerprint Cards AB, Methode Electronics, Hitachi, Ltd., Safran S.A, Nuance Communications, Synaptics Incorporated, SecuGen Corporation, ZKTECO CO., LTD, Voxx International Corporation. |
FAQ's
The automotive biometrics market report covering key segments are type, scanner, sales channel, vehicle, application, and region.
Automotive Biometrics Market Size Worth $864.14 Million By 2032.
The global automotive biometrics market expected to grow at a CAGR of 12.6% during the forecast period.
North America is leading the global market.
Key driving factors in automotive biometrics market are growth in demand for luxury vehicles and increasing need for safety.
© 2024 Polaris Market Research and Consulting. All rights reserved
