Automotive Biometric Market Size, Share and Segmentation by Authentication Type (Face identification, Signature identification, Voice recognition, Fingerprint recognition, Iris recognition, Palm Recognition, Vein Recognition, Others), by Vehicle Type (Passenger cars, Commercial vehicles), by Application (Vehicle Security System, Driver Safety System, Advanced Steering & Infotainment, Others), by Regions and Global Market Forecast 2023-2030

Report Scope & Overview:

Automotive Biometric Market Size was valued at USD 1.09 billion in 2022 and is expected to reach USD 3.04 billion by 2030 and grow at a CAGR of 13.7% over the forecast period 2023-2030.

A biometric system is a vital technology in autos that allows for biometric identification and authentication. It is utilized in a variety of applications, including vehicle immobilizers, health monitoring, and biometric auto entry, with the goal of providing vehicle safety. Due to the increasing incidence of car thefts, biometric automotive security has become a very essential idea in the automotive sector. Biometrics applications can be divided into two categories: consumer-facing and enterprise-facing. High volume sales at a cheaper price, allowing limited access to personal and company data, are examples of consumer-facing use cases. Enterprise-facing use cases typically employ more advanced technology at a higher expense, but transaction volumes are typically low.

The use of biometrics in the automotive industry can be found in a number of different areas. These include access control for starting a vehicle through the use of a variety of biometric scanners, enabling personalized vehicles for the users by allowing drivers and passengers to call up playlists, contacts, and preferred apps, and the use of biometrics in automotive vehicles is expected to increase over the course of the forecast period.

As of 2020, Hyundai Motor Group has developed a driver state warning (DSW) system that can distinguish the driver's face and eyes.

MARKET DYNAMICS: 

KEY DRIVERS: 

• In light of expanding awareness and government incentives, the sales of electric cars are soaring.

• Electric vehicles are becoming more popular because people are becoming more aware of the environmental impact.

• Government subsidies and increased vehicle range all contribute to the adoption of electric vehicles.

• Automobile biometric goods are projected to benefit from increased demand for electric automobiles.

• Concerns about safety and security are on the rise.

RESTRAINTS: 

• A significant no. of components is required for the monitoring, making it expensive & difficult to operate.

• A system's operational expenses are significant because of the hefty initial investment.

• Repair and maintenance costs are associated with creating cutting-edge technology.

• Raw materials utilized in construction are becoming more expensive.

OPPORTUNITIES: 

• Technological advancements in the automotive industry have increased.

• The growing popularity of fingerprint sensors in products is projected to offer considerable prospects.

CHALLENGES: 

• Import and export of raw materials are made more difficult because of the reliance on logistics.

• Supply networks were put under pressure due to the requirement for direct distribution & allocation across channels.

IMPACT OF COVID-19:

As the novel coronavirus COVID-19 spreads around the world, automakers are taking drastic steps to stop its spread, such as a plant shutdown. There are currently more confirmed cases in North America than in any other location every day, despite manufacturers' plans for North American production in an attempt to reduce the COVID-19 viral spread. The automobile industry is at the heart of this turbulence in these regions, which has a significant impact on the economy and society and is producing tremendous economic disruption. Pandemic outbreaks can have a wide range of geographical repercussions, but the state in the hardest-hit places provides a hint into what is to come.

KEY MARKET PLAYERS:

Hitachi, Ltd., Hyundai Motors, BioEnable Technologies Pvt. Ltd, Fujitsu Limited, Voxx International Corporation, Safran S.A, Synaptics Incorporated, Nuance Communications, HID Global Corporation, Fingerprint Cards AB, and Methode Electronics, Inc. are some of the affluent competitors with significant market share in the Automotive Biometric Market.

MARKET ESTIMATION: 

Market, By Authentication Type:

Based on the authentication type segment, the global market has been divided into Face identification, Signature identification, Voice recognition, Fingerprint recognition, Iris recognition, Palm Recognition, Vein Recognition, and Others. There are scanners and readers that employ fingerprints to authenticate and recognize a user so that the vehicle's security system can permit or prohibit access to the system. The software's ability to accept and interpret spoken commands to carry out tasks.

Market, By Vehicle Type:

The global market has been divided into Passenger cars and commercial vehicles based on the vehicle type segment. Passenger cars are automobiles designed primarily for the transportation of people. A commercial vehicle is a vehicle that is used to convey goods and people. Commercial cars are likely to see a growth in the need for automotive biometric systems as a result of the rising demand for features such as safety, comfort, and automation.

Market, By Application:

The global market has been divided into Vehicle Security systems, Driver Safety Systems, Advanced Steering & Infotainment, and Others based on the application segment. today's automobiles rely heavily on vehicle security systems. The purpose of a vehicle security system is to keep your car safe. Keeping an eye on the driver's level of attention is one of the primary goals of vehicle safety systems. Driver alertness can be assessed and monitored using a combination of biological and performance measurements in these systems.

MARKET SEGMENTATION:

By Authentication Type:

• Face identification

• Signature identification

• Voice recognition

• Fingerprint recognition

• Iris recognition

• Palm recognition

• Vein recognition

• Others

By Vehicle Type:

• Passenger cars

• Commercial vehicles

By Application:

• Vehicle Security System

• Driver Safety System

• Advanced Steering & Infotainment

• Others

REGIONAL ANALYSIS:

North America, Europe, Asia-Pacific, and the rest of the world make up the automobile biometrics industry. Because of the strong demand for automobiles in China, Japan, India, and South Korea, the Asia-Pacific region offers tremendous growth potential for the automotive biometric industry. Automotive biometric systems are used to identify and verify automobiles in order to enhance vehicle safety and comfort, and this market is expected to develop as vehicle sales increase. Advanced and cost-effective automotive biometric systems are the focus of North American biometric manufacturing businesses.

The North American automotive biometric market is fueled by a growing demand for safety and security in the automobile industry. This region's government requirements on car safety force manufacturers to provide cutting-edge automotive biometric systems, resulting in an increase in demand for these systems. Many automakers are moving away from traditional key-based vehicle access systems and toward electronic keyless entry technologies like fingerprint scans and voice recognition.

REGIONAL COVERAGE:

• North America

  • The USA

  • Canada

  • Mexico

• Europe

  • Germany

  • The UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Frequently Asked Questions (FAQ) :