Automotive Biometric Market – Industry Trends and Forecast to 2030

Automotive Biometric Market Analysis and Size

In the automotive sector, the biometrics are used in numerous areas, including access control for starting a vehicle by various biometric scanners. Many market players have incorporated fingerprint technology to unlock their vehicles. Fingerprint identification is highly accepted in biometric identification because the probability of finding two same fingerprints is one in 64 billion. Also, it has been witnessed that increasing demand for commercial vehicles in the manufacturing, tourism, logistics and processing sectors is likely to increase the demand for automotive biometric systems in commercial vehicles during the forecast period.

Data Bridge Market Research analyses that the automotive biometric market is expected to reach USD 679.12 billion by 2030, which is USD 266.57 billion in 2022, at a CAGR of 12.40% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Automotive Biometric Market Scope and Segmentation

Market Definition

Automotive biometric is a type of electronic device used for authentication and identification and is used in various applications, including vehicle immobilizer, rationalization, ignition switch, vehicular access and health monitoring. Fingerprint scanners, voice recognition, facial recognition and other biometric technologies are some parts of automotive biometrics industry.

Automotive Biometric Market Dynamics

Drivers

• Growing demand for vehicle safety increasing the market growth

Facial and voice recognition, fingerprint scans, and other biological evidence are so accurate that they increase privacy and safety of the vehicle, which is one of the major factor for the growth of the automotive biometrics market. The usage of biometrics in automotive industry can be found in different areas, including access control for starting an automobile by using biometric scanners, allowing personalized cars for users to call up playlists preferred apps and, contacts, and such uses of biometrics in automotive vehicles are anticipated to grow during the forecast period.

• Increasing usage of automotive biometrics by various car manufacturers

Increasing disposable income and changing lifestyles have resulted in global demand for the luxury vehicles. This increased demand for automotive biometrics in various regions is expected to fuel the growth of the market during the forecast period. Some car manufacturers, such as BMW, Volkswagen, Ford and Mercedes-Benz, aim to include biometric systems in their vehicles for the convenience of their consumers. The rise of connected cars is accelerating the adoption of advanced technologies, such as the artificial intelligence, Internet of Things and machine learning, thus augmenting the growth of market globally.

Opportunities

• Growing adoption of facial recognition in the automotive industry

The importance of facial recognition in vehicles has increased the adoption of facial recognition biometric in the automotive industry, which is expected to create numerous opportunities for market growth during the forecast period. The application of the technology aids access control of the automobile and its safety and security. Companies in the automotive biometric market are looking to integrate the solution to track passenger and driver behavior by monitoring their emotions. For instance, Tesla's advanced driver assistance systems in the Model Y and Model 3 vehicles used face recognition to confirm that the driver was paying attention during driving. Within the vehicle, the camera data is analyzed and stored locally. As per the Tesla patent application for an AI vehicle system, the business is working on leveraging face recognition biometrics to track passenger personalize settings.

Restraints/ Challenges

• Multiple issues associated with automotive biometric market

The automotive biometric market is expected to be restricted by the increasing usage of connected devices in vehicles, which can lead to higher risk of cyberattacks and security. Moreover, the usage of fingerprint recognition in a vehicle does not give complete guarantee against theft. The high installation price of biometric vehicle access systems is also hindering the market's growth.

This automotive biometric market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive biometric market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2022, Rheinmetall collaborated with Dermalog to form Rheinmetall Dermalog SensorTec GmbH. The main of this company to bring improved safety to road traffic. This new company will supply innovative biometric technologies to automobile manufacturers.
• In 2021, The automaker's Daimler Mobility unit announced its collaboration with Visa to use the fingerprint scan. This will help verify secure digital payments from the vehicle and allow the driver to make purchases without requiring voice commands.
• In 2022, LG Electronics created a new technology that will allow vehicle owners to start their vehicles without using a key by identifying their finger movements and facial expressions using multiple in-car cameras. This system uses one of the cameras to identify the specific body parts of user's. A second camera spontaneously adjusts its observing angles based on first camera to capture the user's iris and other biometric features.

Automotive Biometric Market Scope

The automotive biometric market is segmented on the basis of technology, vehicle type, sales channel and application type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Fingerprint Scan
• Voice Recognition
• Face Recognition
• Others

Vehicle Type

• Passenger Car
• Commercial Vehicle

 Sales Channel

• OEMs
• Aftermarket

Application Type

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

Automotive Biometric Regional Analysis/Insights

The automotive biometric market is analyzed and market size insights and trends are provided by country, technology, vehicle type, sales channel and application type as referenced above.

The countries covered in the automotive biometric market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

North America dominates the automotive biometric market in in terms of revenue. This is due to the increasing disposable income and rising adaptability for highly technologically advanced products amongst consumers in this region.

Europe is projected to be the fastest developing region during the forecast period of 2023-2030 due to growing demand for cars and rising focus on the development of autonomous vehicles in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Biometric Market Share Analysis

The automotive biometric market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive biometric market.

Some of the major players operating in the automotive biometric market are:

• Safran (France)
• NEC Technologies India Private Limited (India)
• FUJITSU (Japan)
• Aware, Inc. (U.S.)
• Gemalto Cogent, Inc. (U.S.)
• BIO-key International, Inc. (U.S.)
• Precise Biometrics AB (Sweden)
• secunet Security Networks AG. (Germany)
• Thales Group (France)
• Cognitec Systems GmbH (Germany)
• Crossmatch. (U.S.)
• Fulcrum Biometrics, LLC. (U.S.)
• Daon (Ireland)
• Facebanx (U.S.)
• HID Global Corporation/ASSA ABLOY AB. (U.S.)
• SUPREMA. (South Korea)
• IRITECH, INC. (U.S.)
• M2SYS Technology (U.S.)

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