Biometric Driver Identification System Market Analysis | 2022-2027

Market Insights

Biometric driver identification system recognises the driver based on physical structures and assists in determining the driver's attention by observing facial or iris skimming equipment. A biometric driver identification system prevents unauthorised access to the vehicle by strangers. The system works similarly to path appreciation and interruption recognition in which it detects the driver's inattention and notifies the vehicle driver in real time, thereby ensuring the safety of vehicle occupants and walkers.

Automotive production declined in both 2018 and 2019, with a rebound expected to begin from 2020 onwards. However, the unexpected outbreak of the pandemic dashed the market hopes. As a result, there was a significant decrease in automobile production across all regions. The grave impact of this was registered across the supply chain including the level of components.

Biometric driver identification systems, a sizable market, could not escape from such trends and witnessed a significant decline during the pandemic, which aligned with the decline in automobile production. However, the market is gradually rebounding from 2021 onwards, with the ramp-up in consumer confidence. Furthermore, the growing trend of incorporating convenience and security features in mid-sized, compact, and economical car models, as well as increased awareness of vehicle safety, is likely to fuel the demand for biometric driver identification systems in the coming years. Overall, the biometric driver identification system market is likely to rebound at a promising CAGR of 15% during the forecast period.

Segments Analysis

Based on the vehicle type, the biometric driver identification system market is segmented as heavy trucks and buses, compact and mid-sized cars, executive cars, passenger cars, premium cars, sport cars, luxury cars, and commercial vehicles. Acceptance of biometric driver identification systems varies greatly across topographies and car models. This expertise is likely to enter the mid-sized vehicle segment during the forecast period.

In terms of regions, North America is expected to remain the largest region in the market for biometric driver identification systems during the forecast period. The region's market growth can be attributed to the region's technological and economic advantage over others, as well as a strong awareness of vehicle safety. Furthermore, Europe is expected to generate significant opportunities in the next five years, owing to stringent government policies in the region aimed at ensuring road safety and encouraging the adoption of security systems in manned vehicles.

Key Players

The following are the key players in the biometric driver identification system market:

• 3M Cogent Systems, Inc.
• Continental AG
• Thales Group
• Fulcrum Biometrics, Inc.
• Bayometric

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s biometric driver identification system market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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 the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The biometric driver identification system market is segmented into the following categories. 

Biometric Driver Identification System Market, by Vehicle Type

• Heavy Trucks and Buses (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Compact and Mid-Sized Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Executive Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Passenger Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Premium Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sport Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Luxury Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW
• Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Biometric Driver Identification System Market, by Technology Type

• Fingerprint Recognition (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Face Recognition (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Iris Recognition (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Biometric Driver Identification System Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

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

Competitive Benchmarking

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

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