Automotive Biometric Market Analysis | 2022-2027

Market Insights

"The global automotive biometric market is likely to witness a promising CAGR of 17.5% during the forecast period."

A biometric system is an essential system that is used in automobiles for biometric identification and authentication. Its purpose is to provide vehicle safety and is used in a variety of applications such as vehicle immobilizers, health monitoring, and biometric car access.

Market Drivers & Opportunities:

The Automotive Biometric Market is boosted by the growing application of biometric identification in vehicles that are designed to provide safeguarded service and greater convenience to the drivers by decreasing the theft risk and ensuring the vehicle door being opened by the authorized person only. The market leads to the smart and connected cars industry. Therefore, biometric technology becomes a way to log and tailor vehicles interested. Driver monitoring and safety features are very important in the market extension exercise where biometric systems give the real-time monitoring of vital signs, fatigue levels, and attentiveness to accident prevention and the wire the overall safety. Prospective sectors could be from the development of this region and Asia-Pacific to wireless and portable devices and also cooperation for advancement. Protection of privacy and transparency through clear data laws are essential for gaining consumers' trust and result in the adoption of biometric technology in automotive applications.

Segment Analysis

By Type

"The fingerprint scan segment accounted for the largest market share."

The market is segmented as fingerprint scan, voice recognition, face recognition, and others. Among these, the fingerprint scan segment held the largest market share in 2021 and is expected to maintain its dominance during the forecast period. The automotive industry is pioneering the use of fingerprint recognition technology to improve vehicle safety, which has fueled the growth of this segment.

Vehicle Insights

"Commercial vehicles segment accounted for the largest market share."

The vehicle type, market is segmented into passenger cars and commercial vehicles. Commercial vehicles are expected to grow rapidly in the market due to factors such as increasing demand for comfort, safety, and automatic features. Furthermore, the growing demand for commercial vehicles in the tourism, logistics, manufacturing, and processing sectors is expected to drive the demand for automotive biometric systems in commercial vehicles.

Application Insights

The application type, of the market is segmented as vehicle security systems, driver safety systems, advanced steering and infotainment, and others. The growing number of vehicle and fuel theft cases necessitates the installation of vehicle security systems. The increasing technological advancements in vehicle safety features such as biometrics, GPS, fingerprint sensors, cameras, and RFID are expected to drive the demand for vehicle security systems during the forecast period.

Regional Trends

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is estimated to be the leading region in the market during the forecast period. The region offers significant growth potential for the automotive biometric market due to the high demand for vehicles in countries such as China, Japan, India, and South Korea. As automotive biometric systems are used to identify and authenticate vehicles in order to improve vehicle safety and comfort, the automotive biometric market is expanding in tandem with the region's increasing vehicle sales.

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Key Players

Some of the key players in the automotive biometric market are:

• Fingerprint Cards AB
• Fujitsu Ltd
• Hid-Global
• Hitachi Ltd
• Methode Electronics
• Nuance Communications
• Safran S.A
• Synaptics Incorporated
• Voicebox Technologies
• VOXX International.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive biometric market is segmented into the following categories:

By Type:

• Fingerprint Scan
• Voice Recognition
• Face Recognition
• Others

By Vehicle Type:

• Passenger Cars
• Commercial Vehicles

By Application Type:

• Vehicle Security System
• Driver Safety System 
• Advanced Steering and Infotainment
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

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Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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