The global automotive biometric market size reached US$ 863 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,048 Million by 2028, exhibiting a growth rate (CAGR) of 14.7% during 2023-2028.
Automotive biometric is an electronic device used to identify and authenticate in vehicles for different applications, such as ignition switch, immobilizer, rationalization, and health monitoring. It relies on biological characteristics like retinal and fingerprint scans and facial and voice recognition for verification, thereby increasing the security of vehicles and minimizing theft cases. It also collects data on the steering wheel, accelerator, and other components to monitor the stress and anxiety level of the driver and ensure his comfort as well as safety. Due to these benefits, car rental agencies nowadays rely on automobiles with automotive biometrics to streamline transactions.
Automotive Biometric Market Trends:
The growing integration of biometric technology in automobiles represents one of the key factors driving the market. Moreover, insurance companies are offering a considerable discount to vehicles with biometric systems as they have a safe remote start-up, in-car payments, hands-free features, automatic preset adjustments and myriad passenger safety benefits. This, along with the increasing collaboration of automotive original equipment manufacturers (OEMs) with wearable companies to collect biometric data, is propelling the growth of the market. In addition, there is a rise in the demand for autonomous vehicles with advanced technologies, such as the internet of things (IoT), artificial learning (AI), and machine learning (ML) across the globe. This, coupled with the increasing utilization of Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) technology for enhancing mobility communication, is offering lucrative growth opportunities to industry players. Besides this, the rising employment of the human-machine interface (HMI), which allows the dashboard of the driver to work as an iPad while using the voice-activated interface to browse data from the cloud, is positively influencing the market.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive biometricmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, vehicle type, sales channel and application.
Breakup by Technology:
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Fingerprint Scan
Voice Recognition
Facial Recognition
Others
Breakup by Vehicle Type:
Passenger Car
Commercial Vehicle
Breakup by Sales Channel:
OEMs
Aftermarket
Breakup by Application:
Vehicle Security System
Driver Safety System
Advanced Steering and Infotainment
Others
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aware Inc., BioEnable Technologies Pvt. Ltd., Continental AG, Fingerprint Cards AB, Fujitsu Limited, Hitachi Ltd., IriTech Inc., Methode Electronics Inc., Precise Biometrics AB, Shenzhen Goodix Technology Co. Ltd., Synaptics Incorporated and VOXX International Corporation.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Million
Segment Coverage
Technology, Vehicle Type, Sales Channel, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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Key Questions Answered in This Report
The global automotive biometric market was valued at US$ 863 Million in 2022.
We expect the global automotive biometric market to exhibit a CAGR of 14.7% during 2023-2028.
The growing prominence of automotive biometric technology for improving the security of vehicles
to minimize theft cases and for monitoring the stress levels of the driver to ensure their comfort and
safety is primarily driving the global automotive biometric market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary halt in numerous production
activities for automotive biometrics.
Based on the technology, the global automotive biometric market has been divided into fingerprint scan, voice recognition, facial recognition and others. Among these, fingerprint scan technology currently exhibits a clear dominance in the market.
Based on the vehicle type, the global automotive biometric market can be categorized into
passenger car and commercial vehicle, where passenger car holds the majority of the global market share.
Based on the sales channel, the global automotive biometric market has been segmented into OEMs and aftermarket. Currently, OEMs represent the largest market share.
Based on the application, the global automotive biometric market can be bifurcated into vehicle
security system, driver safety system, advanced steering and infotainment and others. Among
these, vehicle security system accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America, where Europe currently dominates the global market.
Some of the major players in the global automotive biometric market include Aware Inc., BioEnable Technologies Pvt. Ltd., Continental AG, Fingerprint Cards AB, Fujitsu Limited, Hitachi Ltd., IriTech Inc., Methode Electronics Inc., Precise Biometrics AB, Shenzhen Goodix Technology Co. Ltd., Synaptics Incorporated and VOXX International Corporation.
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