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Automotive Biometric Market - Forecast(2024 - 2030)
Automotive Biometrics Market Overview
Global Automotive Biometrics Market size is forecast to reach $1,650 million by 2026, estimated to grow at a CAGR of 13.1% during 2021-2026. The changing automotive industry is leading to the major automakers to bring innovative technology and provide high personalized vehicle experience. The demand for electric and driverless cars, and increased applications of sensor-based technology are highly enhancing the Automotive Biometrics. The rising usage of text to speech and Natural language processing based technology in addition to biometrics will drive the market growth. Moreover, the upcoming IRIS recognition and facial recognition system will highly boost the authentication system in the vehicles which will provide growth opportunities for the Automotive Biometrics market. In addition, the growing development in the fingerprint recognition technology, Facial recognition and voice recognition technology will lead to surge the growth of the market during the forecast period 2021-2026.
Report Coverage
The report: “Automotive Biometrics Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Automotive Biometrics Market.
By Authentication Type: Fingerprint Recognition System, IRIS Recognition, Facial Recognition, Palm Recognition, Voice Recognition System and Others
By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
By Fuel Type: ICE Vehicles, Electric Vehicles, Hybrid Vehicles and Others
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC (China, Japan India, South Korea, Australia, Indonesia, Malaysia and Others), South America (Brazil, Argentina, Chile, Colombia and others)and RoW (Middle East and Africa)
Key Takeaways
- In 2020, the Automotive Biometrics market was dominated by Europe owing presence of major automakers such as Ford, Mercedes and so on leading to the development of efficient connected vehicles enhancing the demand for latest authentication technology.
- The growing use of fingerprint recognition system for authentication in order to reduce the risk of vehicle theft and improve vehicle safety are surging the growth of the Automotive Biometrics market.
- The increasing demand for connected vehicles and the deployment of information technology such as human machine interface and passenger window touchscreens are highly accelerating the growth of the market.
- The increasing use of connected devices in the vehicles will lead to raise the risk of cyber-attacks which will thus hamper the Automotive Biometrics market.Automotive Biometrics Market, By Vehicle Type, 2020
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Automotive Biometrics Market Segment Analysis - By Authentication Type
Fingerprint Recognition System held the largest market share in the Biometric Vehicles Access System market in 2020 accounting for 28.2% share. With the growing advent in technology, the automotive sector is leading to integrate fingerprint recognition technology for improving vehicle safety which has driven the growth of this segment. The adoption of fingerprint and facial recognition technology will lead to provide low cost authentication system which allows drivers to unlock and start cars without any hassle. This technology is majorly based on customized setting of an individual driver that leads to avoid the risk of vehicle theft. This significant factors has enhanced the fingerprint recognition system in vehicle which will boost the growth of the market.
Automotive Biometrics Market Segment Analysis - By Vehicle Type
Passenger Vehicles dominate the market in 2020 with a share of 61.2% in 2020 as a result of growing adoption in luxury vehicles. Vehicle access control remains the major market for fingerprint and facial recognition in passenger vehicles. The need for improved security and personalized vehicles have been a major driver for market growth. Automotive companies are looking at methods to differentiate their vehicles and biometrics have been utilized as a major sticking point in this regards.
Automotive Biometrics Market Segment Analysis - By Geography
In 2020, Europe dominated the Automotive Biometrics market with a share of more than 47.8%, followed by North America and Asia Pacific. The increasing sales of passenger cars in this region are highly escalating the growth of the market. The deployment of electric vehicles and the availability of major automakers such as Ford, Mercedes, Volkswagen and BMW are highly enhancing the Automotive Biometrics market as these higher end vehicles are more likely to adopt vehicle biometrics.
Automotive Biometrics Market Drivers
Growing demand for Connected Vehicles
The rising popularity of connected cars in the recent time are highly fueling the market for advanced technologies including IoT, AI, machine learning and so on. Moreover, the demand for self-driving autonomous cars in order to provide comfort and convenience to the driver are highly propelling the connected car technology. On the other hand the deployment of Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) technology for enhanced mobility communication are propelling the Automotive Biometrics market during the forecast year.
Deployment of Information Technology
The deployment of advanced information technology such as human-machine interface (HMI), Passenger window touchscreens and so on are highly triggering the market growth. In addition, the deployment of iris recognition technology will create growing opportunities for the Automotive Biometrics. The HMI is also allowing the driver’s dashboard to work like an iPad that uses voice activated interface to browse information from cloud. These advantageous features will enhance the automotive industry thus fostering the market growth.
Automotive Biometrics Market Challenges
Cyber Security Risk
The Automotive Biometrics includes the use of advanced technology covering sensors, cameras and other connected technology. The increasing use of connectivity and connected devices accelerate the risk related to cyber security. The use of connected devices leads to the generation of data that includes the personal details of the passenger which may be manipulated by the hackers. This key factor thus makes difficulty for the automakers to adopt to new technologies which also incurs high cost.
Automotive Biometrics Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Automotive Biometrics market. In 2019, the market of Automotive Biometrics has been consolidated by the major players – Fingerprint Cards Ab, Fujitsu Ltd., Hitachi Ltd. Methode Electronics, Nuance Communication, Safran SA, Synaptics Incorporated, VOXX International, Voicebox Technologies and Denso Corporation.
Acquisitions/Technology Launches
- In March 2021, a patent filed from Samsung depicting a fingerprint biometric vehicle ignition system has been published by the U.S. Patent and Trademark Office (USPTO). The application suggests a fingerprint sensor embedded in an automobile’s steering wheel could be used, possibly in combination with the driver’s smartphone as a physical secondary authentication factor, to start the vehicle.
- In January 2019, Hyundai Motor Corp. developed an enhanced biometric system for cars which helps drivers to unlock and start engine with light touch. Moreover, Hyundai’s fingerprint recognition technology permits only the authorized drivers to start and stop the car, in order to reduce the risk of vehicle theft.
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1. Automotive Biometric Market - Overview
1.1 Definitions and Scope
2. Automotive Biometric Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Automotive Biometric Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Automotive Biometric Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Automotive Biometric Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Automotive Biometric Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Automotive Biometric Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Automotive Biometric Market - By Vehicle Type (Market Size -$Million / $Billion)
8.1 Passenger Car
8.2 Commercial Vehicle
9. Automotive Biometric Market - By Technology (Market Size -$Million / $Billion)
9.1 Fingerprint Scan
9.2 Voice Recognition
9.3 Facial Recognition
10. Automotive Biometric - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
11. Automotive Biometric- By Geography (Market Size -$Million / $Billion)
11.1 Automotive Biometric Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Automotive Biometric- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Automotive Biometric- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Automotive Biometric - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Automotive Biometric - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Automotive Biometric Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Automotive Biometric Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Automotive Biometric Market - Key Company List by Country Premium
15. Automotive Biometric Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Assa Abloy Ab
15.3 Bioenable Technology Pvt. Ltd
15.4 Fingerprint Card Ab
15.5 Fujitsu Limited
15.6 Hitachi, Ltd
15.7 Methode Electronics, Inc
15.8 Nuance Communication
15.9 Safran S.A
15.10 Synaptics Incorporated
15.11 Voxx International Corporation
15.12 Company 12
15.13 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Automotive Biometric Market - Appendix
16.1 Abbreviations
16.2 Sources
17. Automotive Biometric Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
LIST OF TABLES
1.Global Automotive Biometric Market, By Technology Market 2023-2030 ($M)1.1 Fingerprint Scan Market 2023-2030 ($M) - Global Industry Research
1.2 Voice Recognition Market 2023-2030 ($M) - Global Industry Research
1.3 Facial Recognition Market 2023-2030 ($M) - Global Industry Research
2.Global Automotive Biometric Market, By Vehicle Type Market 2023-2030 ($M)
2.1 Passenger Car Market 2023-2030 ($M) - Global Industry Research
2.2 Commercial Vehicle Market 2023-2030 ($M) - Global Industry Research
3.Global Automotive Biometric Market, By Technology Market 2023-2030 (Volume/Units)
3.1 Fingerprint Scan Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Voice Recognition Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Facial Recognition Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Automotive Biometric Market, By Vehicle Type Market 2023-2030 (Volume/Units)
4.1 Passenger Car Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Commercial Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Automotive Biometric Market, By Technology Market 2023-2030 ($M)
5.1 Fingerprint Scan Market 2023-2030 ($M) - Regional Industry Research
5.2 Voice Recognition Market 2023-2030 ($M) - Regional Industry Research
5.3 Facial Recognition Market 2023-2030 ($M) - Regional Industry Research
6.North America Automotive Biometric Market, By Vehicle Type Market 2023-2030 ($M)
6.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
6.2 Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
7.South America Automotive Biometric Market, By Technology Market 2023-2030 ($M)
7.1 Fingerprint Scan Market 2023-2030 ($M) - Regional Industry Research
7.2 Voice Recognition Market 2023-2030 ($M) - Regional Industry Research
7.3 Facial Recognition Market 2023-2030 ($M) - Regional Industry Research
8.South America Automotive Biometric Market, By Vehicle Type Market 2023-2030 ($M)
8.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
8.2 Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
9.Europe Automotive Biometric Market, By Technology Market 2023-2030 ($M)
9.1 Fingerprint Scan Market 2023-2030 ($M) - Regional Industry Research
9.2 Voice Recognition Market 2023-2030 ($M) - Regional Industry Research
9.3 Facial Recognition Market 2023-2030 ($M) - Regional Industry Research
10.Europe Automotive Biometric Market, By Vehicle Type Market 2023-2030 ($M)
10.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
10.2 Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
11.APAC Automotive Biometric Market, By Technology Market 2023-2030 ($M)
11.1 Fingerprint Scan Market 2023-2030 ($M) - Regional Industry Research
11.2 Voice Recognition Market 2023-2030 ($M) - Regional Industry Research
11.3 Facial Recognition Market 2023-2030 ($M) - Regional Industry Research
12.APAC Automotive Biometric Market, By Vehicle Type Market 2023-2030 ($M)
12.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
12.2 Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
13.MENA Automotive Biometric Market, By Technology Market 2023-2030 ($M)
13.1 Fingerprint Scan Market 2023-2030 ($M) - Regional Industry Research
13.2 Voice Recognition Market 2023-2030 ($M) - Regional Industry Research
13.3 Facial Recognition Market 2023-2030 ($M) - Regional Industry Research
14.MENA Automotive Biometric Market, By Vehicle Type Market 2023-2030 ($M)
14.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
14.2 Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Automotive Biometric Market Revenue, 2023-2030 ($M)2.Canada Automotive Biometric Market Revenue, 2023-2030 ($M)
3.Mexico Automotive Biometric Market Revenue, 2023-2030 ($M)
4.Brazil Automotive Biometric Market Revenue, 2023-2030 ($M)
5.Argentina Automotive Biometric Market Revenue, 2023-2030 ($M)
6.Peru Automotive Biometric Market Revenue, 2023-2030 ($M)
7.Colombia Automotive Biometric Market Revenue, 2023-2030 ($M)
8.Chile Automotive Biometric Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive Biometric Market Revenue, 2023-2030 ($M)
10.UK Automotive Biometric Market Revenue, 2023-2030 ($M)
11.Germany Automotive Biometric Market Revenue, 2023-2030 ($M)
12.France Automotive Biometric Market Revenue, 2023-2030 ($M)
13.Italy Automotive Biometric Market Revenue, 2023-2030 ($M)
14.Spain Automotive Biometric Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive Biometric Market Revenue, 2023-2030 ($M)
16.China Automotive Biometric Market Revenue, 2023-2030 ($M)
17.India Automotive Biometric Market Revenue, 2023-2030 ($M)
18.Japan Automotive Biometric Market Revenue, 2023-2030 ($M)
19.South Korea Automotive Biometric Market Revenue, 2023-2030 ($M)
20.South Africa Automotive Biometric Market Revenue, 2023-2030 ($M)
21.North America Automotive Biometric By Application
22.South America Automotive Biometric By Application
23.Europe Automotive Biometric By Application
24.APAC Automotive Biometric By Application
25.MENA Automotive Biometric By Application
26.Hitachi, Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Fujitsu Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Nuance Communication, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Voxx International Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Safran S.A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Synaptics Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Assa Abloy Ab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Bioenable Technology Pvt. Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Fingerprint Card Ab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Methode Electronics, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)