Automotive Biometrics Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

The Automotive Biometrics Market is expected to register a CAGR of 18.1% during 2023–2031. The evolution of advanced technologies in vehicles is likely to remain a key trend in the market.

Automotive Biometrics Market Analysis

• The key factors increasing market growth are a greater emphasis on the development of autonomous vehicles, advances in emerging nations and a rise in consumer demand for security features in vehicles.
•  The need for improved security management will continue to create new opportunities for the automotive biometric market, such as increased safety concerns leveraging technologies such as facial, fingerprint scans and voice recognition.
• The technology has only been implemented in the premium segment of cars as it is a high-end security feature that enhances vehicle security. The automakers are implementing the feature to improve vehicle security and other accessibility benefits in luxury cars, and it is anticipated that this technology will soon be implemented into the budget vehicles.

Automotive Biometrics Market Overview

• Automotive biometrics is used for vehicular access identification and authentication.
• Any type of biometric system, including voice, facial, and fingerprint recognition, can be used for augmenting vehicle security.
•  The purpose of biometric authentication in automotive is to offer vehicle safety.
• Increasing number of vehicle thefts, automotive biometric security is becoming critical in the automotive industry. Emerging concerns regarding security and safety and growing consumer preference for luxury and electric vehicles are key drivers of the automotive biometrics market.

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Automotive Biometrics Market: Strategic Insights

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Automotive Biometrics Market Drivers and Opportunities

Growing Focus on Technological Advancement in Vehicles to Favor the Market

• The growing advancement in the vehicle technology is one of the prime reasons acting as a major driver for the market
• Additionally, growing consumer demand for more vehicle security and authentication is driving the application of automotive biometric technology globally.
• Increasing consumer preference for high-end vehicles for more luxury and secure rides is also driving the growth of the automotive biometrics market.

Increasing Demand of Vehicle Personalization and Advance Security Solutions

• The growing interest of customers in vehicle personalization and the rising need for advanced security solutions in cars are the main drivers of the numerous opportunities in the automotive biometric system market.
• The application of biometric driver identification systems is predicted to soar as issues about auto theft and illegal entry continue to mount.
• Additionally, developments in biometric technology, such as enhanced reliability, affordability, and accuracy, are driving market expansion.
• Unique applications and improved functionalities can be realized through the integration of biometric systems with other cutting-edge technologies like the Internet of Things and artificial intelligence.
•  Additionally, since shared mobility services and autonomous vehicles are becoming more popular, there will probably be more opportunities for biometric driver identification systems because these technologies require strong authentication mechanisms to operate.

Automotive Biometrics Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive biometrics market analysis are authentication type, vehicle type, and application.

• Based on authentication type, the automotive biometrics market is divided into fingerprint, voice, iris, and others.
• On the basis of the vehicle type, the market is divided into passenger vehicles and commercial vehicles.
• Based on the application, the automotive biometrics market is divided into vehicle security system, driver safety system, infotainment, and others.

Automotive Biometrics Market Share Analysis by Geography

• The automotive biometrics market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive biometrics market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive biometrics market in these regions.

Automotive Biometrics Market Regional Insights

The regional trends and factors influencing the Automotive Biometrics Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive Biometrics Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Biometrics Market Report Scope

Automotive Biometrics Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Biometrics Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Automotive Biometrics Market are:

1. Fingerprint Cards AB
2. Fujitsu Ltd
3. HID Global Corporation/Assa ABLOY AB
4. Hitachi, Ltd
5. IDEMIA
6. Methode Electronics Inc

Disclaimer: The companies listed above are not ranked in any particular order.

Automotive Biometrics Market News and Recent Developments

The automotive biometrics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive biometrics market are listed below:

• Fingerprint Cards AB announced that the company has signed an agreement with a tier 1 automotive supplier, with the objective of further developing Fingerprints’ iris recognition technology so that it can be seamlessly integrated into Driver Monitoring Systems. The scope of the agreement is to implement Fingerprints’ iris authentication software in an existing DMS, and to promote it to automotive OEMs as an add-on feature. Our partner will pay a non-recurring engineering (NRE) fee for the development phase of the project. (Source: Fingerprint Cards AB, Company Website, July 2023)
• IDEMIA Secure Transactions (IST), a division of IDEMIA Group, is a leading provider of payment and connectivity solutions for financial institutions, mobile network operators and automotive manufacturers. IST proudly received the NFC Forum Certification according to the latest Certification Release 13 (CR13) for its NFC key card portfolio. The compliance with this certification includes automotive car access NFC use cases as specified by the Car Connectivity Consortium® (CCC), a cross-industry organization advancing technologies for smartphone-to-car connectivity solutions. With the compatibility of its automotive-grade NFC Key Cards with CCC Digital Key™, IST creates the perfect conditions for automakers to deploy seamless NFC car access solutions to their vehicles. From now on, only one protocol is needed to integrate both physical and digital cards. (Source: IDEMIA, Company Website, April 2024)

Automotive Biometrics Market Report Coverage and Deliverables

The “Automotive Biometrics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive biometrics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive biometrics market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Automotive biometrics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive biometrics market
• Detailed company profiles