Global Automotive Biometric Market Size, Trends and Growth Opportunity, By Technology (Fingerprint Scan, Voice Recognition, Face Recognition, and Others), Vehicle Type (Passenger Car and Commercial Vehicle), Sales Channel (OEMs, Aftermarket), Application Type (Vehicle Security System, Driver Safety System, Advanced Steering and Infotainment, and Others) By Region and forecast till 2027.
Report ID : IR100849 | Industries : Automotive and Transportation | Published On :March 2024 | Page Count : 33
Global Automotive Biometric Market Size, Trends and Growth Opportunity, By Technology (Fingerprint Scan, Voice Recognition, Face Recognition, and Others), Vehicle Type (Passenger Car and Commercial Vehicle), Sales Channel (OEMs, Aftermarket), Application Type (Vehicle Security System, Driver Safety System, Advanced Steering and Infotainment, and Others) By Region and forecast till 2027.
Global Automotive Biometric Market
Automotive Biometric Market was valued at USD 251.23 million in 2021 and is slated to reach at USD 915.08 million by 2027 at a CAGR of 13.50% from 2022-2027.
Vehicle immobilizers, rationalization, ignition switches, vehicular access, and health monitoring are just a few of the uses for automotive biometrics, a class of electronic devices used for identity and authentication. The automobile biometrics market includes several biometric technologies such as fingerprint scanners, voice recognition, facial recognition, and others.
Market Drivers
One of the main drivers of the growth of the automotive biometrics market is how accurately fingerprint scans, facial and voice recognition, and other biological evidence can be used to boost vehicle safety and privacy. The use of biometrics in the automotive industry can be found in a variety of applications, including access control for starting an automobile using biometric scanners, allowing users to personalize their cars by calling up playlists, favorite apps, and contacts. During the forecast period, it is expected that these applications of biometrics in automotive vehicles will increase. Global demand for luxury vehicles is a result of rising disposable income and evolving lifestyles. Various regions' rising need for automotive biometrics is anticipated to drive the market's expansion over the course of the projected period. For the convenience of its customers, some automakers, like BMW, VW, Ford, and Mercedes-Benz, aspire to integrate biometric systems into their automobiles.
Market Restraints
The growing use of linked gadgets in automobiles, which might increase the danger of cyber attacks and security, is anticipated to constrain the automotive biometric market. Also, using fingerprint recognition in a car does not completely guarantee that it will not be stolen. The market's expansion is further hampered by the high installation cost of biometric vehicle entry systems.
Impact of COVID-19
The COVID-19 epidemic has caused a sharp decline in car output on a global scale. The European Automobile Manufacturers Association estimates that so far, factory closures have resulted in production losses of at least 2,446,344 motor cars across the EU. In an effort to stop the spread of COVID-19, biometric systems have been highlighted as a crucial technology for early detection, patient screening, and public safety monitoring. However, in the automotive industry, demand has drastically decreased due to low automotive production and supply chain disruptions.
Recent Developments
The automaker's Daimler Mobility division said in 2021 that it will be working with Visa to implement the fingerprint scan. This will enable the driver to make purchases without the need for vocal instructions and help verify safe digital payments from the car.
Using several in-car cameras, LG Electronics developed a new technology in 2022 that will enable car owners to start their automobiles without a key by recognizing their finger gestures and facial expressions. To recognize the individual body parts of users, this system makes use of one of the cameras. To record the user's iris and other biometric information, a second camera impromptu changes its viewing angles based on the first camera.
Market Segmentation
Global Automotive Biometric Market is segmented into By Technology, Vehicle Type, Sales Channel, Application Type. By Technology such as Fingerprint Scan, Voice Recognition, Face Recognition, and Others. By Vehicle Type such as Passenger Car and Commercial Vehicle. By Sales Channel such as OEMs, Aftermarket. By Application Type such as Vehicle Security System, Driver Safety System, Advanced Steering and Infotainment, and Others.
Regional Analysis
Global Automotive Biometric Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. In terms of revenue, North America commands the automobile biometric industry. This is a result of rising adaptation for highly technologically advanced products among consumers in this region and rising disposable income in the region. Because of the region's expanding focus on the development of autonomous vehicles and growing demand for cars during the forecast period of 2022–2027, Europe is expected to have the greatest growth.
Key Players
This report includes a list of numerous Key Players, namely Safran (France), NEC Technologies India Private Limited (India), FUJITSU (Japan), Aware, Inc. (U.S.), Precise Biometrics AB (Sweden), secunet Security Networks AG. (Germany), Thales Group (France), Daon (Ireland), Facebanx (U.S.), SUPREMA. (South Korea).
Market Taxonomy
By Technology
• Fingerprint Scan
• Voice Recognition
• Face Recognition
• Others
By Vehicle Type
• Passenger Car
• Commercial Vehicle
By Sales Channel
• OEMs
• Aftermarket
By Application Type
• Vehicle Security System
• Driver Safety System
• Advanced Steering and Infotainment
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Automotive Biometric Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Biometric Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Biometric Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Automotive Biometric Market Share Analysis, By Technology
5.3 Global Automotive Biometric Market Size and Forecast, By Technology
5.3.1 Fingerprint Scan
5.3.2 Voice Recognition
5.3.3 Face Recognition
5.3.2 Others
6Global Automotive Biometric Market, By Vehicle Type
6.1 Y-o-Y Growth Comparison, By Vehicle Type
6.2 Global Automotive Biometric Market Share Analysis, By Vehicle Type
6.3 Global Automotive Biometric Market Size and Forecast, By Vehicle Type
6.3.1 Passenger Car
6.3.2 Commercial Vehicle
7Global Automotive Biometric Market, By Sales Channel
7.1 Y-o-Y Growth Comparison, By Sales Channel
7.2 Global Automotive Biometric Market Share Analysis, By Sales Channel
7.3 Global Automotive Biometric Market Size and Forecast, By Sales Channel
7.3.1 OEMs
7.3.2 Aftermarket
8Global Automotive Biometric Market, By Application Type
8.1 Y-o-Y Growth Comparison, By Sales Channel
8.2 Global Automotive Biometric Market Share Analysis, By Application Type
8.3 Global Automotive Biometric Market Size and Forecast, By Application Type
8.3.1 Vehicle Security System
8.3.2 Driver Safety System
8.3.3 Advanced Steering and Infotainment
8.3.4 Others
9Global Automotive Biometric Market, By Region
9.1 Global Automotive Biometric Market Share Analysis, By Region
9.2 Global Automotive Biometric Market Share Analysis, By Region
9.3 Global Automotive Biometric Market Size and Forecast, By Region
10North America Global Automotive Biometric Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Global Automotive Biometric Market Share Analysis, By Technology
10.3 North America Global Automotive Biometric Market Size and Forecast, By Sales Channel
10.4 North America Global Automotive Biometric Market Size and Forecast, By Vehicle Type
10.5 North America Global Automotive Biometric Market Size and Forecast, By Application Type
10.6North America Global Automotive Biometric Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11EuropeGlobal Automotive Biometric Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Global Automotive Biometric Market Share Analysis, By Technology
11.3 Europe Global Automotive Biometric Market Size and Forecast, By Sales Channel
11.4 Europe Global Automotive Biometric Market Size and Forecast, By Vehicle Type
11.5 Europe Global Automotive Biometric Market Size and Forecast, By Application Type
11.5 Europe Global Automotive Biometric Market Size and Forecast, By Country
11.5.1 Germany
11.5.2 France
11.5.3 UK
11.5.4. Rest of Europe
12Asia Pacific Global Automotive Biometric Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Global Automotive Biometric Market Share Analysis, By Technology
12.3 Asia Pacific Global Automotive Biometric Market Size and Forecast, By Sales Channel
12.4 Asia Pacific Global Automotive Biometric Market Size and Forecast, By Vehicle Type
12.5 Asia Pacific Global Automotive Biometric Market Size and Forecast, By Application Type
12.5 Asia Pacific Global Automotive Biometric Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13Latin America Global Automotive Biometric Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Global Automotive Biometric Market Share Analysis, By Technology
13.3 Latin America Global Automotive Biometric Market Size and Forecast, By Sales Channel
13.4 Latin America Global Automotive Biometric Market Size and Forecast, By Vehicle Type
13.5 Latin America Global Automotive Biometric Market Size and Forecast, By Application Type
13.6 Latin America Global Automotive Biometric Market Size and Forecast, By Country
13.6.1. Brazil
13.6.2.Rest of Latin America
14Middle East Global Automotive Biometric Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Global Automotive Biometric Market Share Analysis, By Technology
14.3 Middle East Global Automotive Biometric Market Size and Forecast, By Sales Channel
14.4 Middle East Global Automotive Biometric Market Size and Forecast, By Vehicle Type
14.5 Middle East Global Automotive Biometric Market Size and Forecast, By Application Type
14.6 Middle East Global Automotive Biometric Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16Company Profiles
16.1 Safran (France)
16.1.1 Overview
16.1.2 Products
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. NEC Technologies India Private Limited (India)
16.2.1 Overview
16.2.2 Products
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. FUJITSU (Japan)
16.3.1 Overview
16.3.2 Products
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Aware, Inc. (U.S.)
16.4.1 Overview
16.4.2 Products
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Precise Biometrics AB (Sweden)
16.5.1 Overview
16.5.2 Products
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Secunet Security Networks AG. (Germany)
16.6.1 Overview
16.6.2 Products
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Thales Group (France)
16.7.1 Overview
16.7.2 Products
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Daon (Ireland)
16.8.1 Overview
16.8.2 Products
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Facebanx (U.S.)
16.9.1 Overview
16.9.2 Products
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 SUPREMA. (South Korea)
16.10.1 Overview
16.10.2 Products
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies