USD 1.1 billion
Automotive Biometrics Market Size, Share, Growth Analysis, By Technology(Fingerprint Scan, Voice Recognition, Facial Recognition, Others), By Vehicle Type(Passenger Car, Commercial Vehicle), By Sales Channel(OEMs, Aftermarket), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2135 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
89
|Figures:
76
Automotive Biometrics Market Insights
Automotive Biometrics Market size was valued at USD 1.1 billion in 2019 and is poised to grow from USD 1.2 billion in 2023 to USD 3.9 billion by 2031, growing at a CAGR of 17.3% in the forecast period (2024-2031).
A vehicle's ignition switch, vehicle immobiliser, rationalisation, and health monitoring are just a few of the applications for which automotive biometrics are used as an electronic device for identification and authentication. Any type of biometric system could exist, including voice recognition, facial recognition, and fingerprint scanners.
One of the key factors driving the demand for the automotive biometric market during the forecast period is the rising public concern over safety and security. The use of biometrics in the automotive industry spans a wide range of applications, including access control for securing a vehicle using different biometric scanners, enabling personalised vehicles for users to enable drivers and passengers to call up playlists, contacts, and preferred apps, and their adoption in automotive vehicles is anticipated to rise over the course of the forecast period.
One of the main causes is the increasing competition among service providers of automotive biometric systems, and the local governments' growing support for the use of safety and security systems in cars has strengthened the design and development of automotive biometric in accordance with the regulations set forth by governing bodies operating in the semiconductor and automotive industries across various regions.
US Automotive Biometrics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Passenger Car
Fastest Growth
Passenger Car
Growth Rate
17.3% CAGR
Global Automotive Biometrics Market, 2021-2028($ Bn)
Country Share for North America Region- 2021 (%)
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Automotive Biometrics Market Segmental Analysis
Global Automotive Biometrics Market is segmented based on Technology, Application, sales channel, and Region. By technology, the market is divided into fingerprint scan, voice recognition, facial recognition, and others. Based on vehicle type, it is bifurcated as passenger cars and commercial vehicle. By sales channel, the market is segmented into OEMs, Aftermarket. Based on region, it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Automotive Biometrics Market Analysis by Technology
The fingerprint scan sector has held the largest market share in the global automotive biometrics market in 2021. The significant share can be attributed to the increased adoption of connected and smart automobiles in both established and developing countries, as well as the increasing integration of personalised features in automotive biometrics platforms. Additionally, the ubiquity and familiarity of fingerprint scans are currently emerging as a key development among automobile makers to evaluate the use cases for the technology in vehicles. Additionally, fingerprint recognition technology has a security purpose, making it a biological key. The development of keyless cars and push-button ignition systems as a result of this technological improvement has sparked the expansion of this market.
On the other hand, it is anticipated that throughout the forecast period, the speech recognition category will have significant market expansion. The demand for voice recognition in the automotive biometrics market is projected to be supported by factors like the expanding availability of biometric voice solutions for an automotive vehicle and the developing developments in voice recognition capabilities across autonomous vehicles.
Automotive Biometrics Market Analysis by Vehicle Type
In the global automotive biometrics market in 2021, the passenger car sector maintained the biggest market share among the various vehicle types. The size of the stake can be attributed to the rising demand for vehicle safety and security systems as well as the increase in passenger car manufacturing in both developed and emerging countries. Additionally, the majority of OEM car makers place a strong emphasis on integrating cutting-edge technologies into their vehicles to improve vehicle accuracy while also enabling more customised automobiles for users. Therefore, the growing technical advancement in this industry also contributes significantly to the segment's global growth. On the other hand, it is anticipated that the commercial vehicle category would account for a sizeable portion of the global biometrics market. One of the key factors driving the need for the biometrics industry is the high production and sales of commercial vehicles.
Global Automotive Biometrics Market By Vehicle Type , 2021(%)
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Automotive Biometrics Market Regional Insights
With a share of 45% in 2021, North America dominated the automotive biometrics market. One of the world's primary hubs for the production of automobiles is located in North America. This is because customers in the area are becoming more accustomed to such technologically complex products, which is projected to raise demand for automotive biometrics. Furthermore, it is anticipated that international manufacturers would play a significant role in the North American automotive biometrics market, particularly in the United States and Canada. The region's strong adoption of automotive biometrics can be attributed to a few variables, including the region's large number of auto parts suppliers and the rising number of automobiles on the road.
Automotive biometrics companies in the region are getting more and more active in partnerships and commercial expansion to increase their geographic footprint, which is what is primarily driving the market in Europe. Additionally, the government and automotive firms in Europe support technology harmonisation and offer financing for R&D in order to strengthen the competitiveness of the European automotive biometrics industry and protect its technological infrastructure. As a result, it is anticipated that the market for automotive biometrics would expand in these countries.
Additionally, it is projected that APAC would have significant growth during the study period. The automotive biometrics business has seen the most significant change in these nations. In developing Asian nations like China, India, and Malaysia, there is a substantial market need for automotive biometrics due to the expansion of the Asian economy's GDP and the significant presence of automobile manufacturers.
Global Automotive Biometrics Market By Geography, 2021 - 2028
- Largest
- Fastest
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Automotive Biometrics Market Dynamics
Automotive Biometrics Market Driver
- The demand for advanced automotive biometrics is anticipated to increase as the development of driverless vehicles comes into more emphasis. Biometric systems are commonly used in automobile security systems because of their great accuracy. The likelihood of a security breach is quite low because biometric systems rely on biological confirmations like fingerprints, voice recognition, and iris scanning, among others.
- Human-machine interface (HMI), passenger window touchscreens, and other technological developments are propelling the market's expansion. The use of iris recognition technology will also open up new opportunities for automobile biometrics. The HMI also enables the dashboard of the driver to function similarly to an iPad by using the voice-activated interface to view data from the cloud. These beneficial features are anticipated to improve the automotive sector, which will support the expansion of the automotive biometrics market over the forecast period.
Automotive Biometrics Market Restraint
- The high installation costs for this technology, which limit its use to the premium/luxury segment of automobiles, are one of the main obstacles the global automotive biometrics market must overcome. Another significant issue with automobile biometrics is that, due to the system's high level of security, it is impossible for family members or friends to take over driving in an emergency.
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Automotive Biometrics Market Competitive Landscape
There are a few worldwide players that are acting in larger part of the nations and a developing number of more modest players in the provincial level, who are offering moderate quality items in a reasonable scope of costs. The major players in the automotive biometrics market Hitachi, Ltd (Japan), FUJITSU (Japan), Safran (France), Synaptics Incorporated(US), Nuance Communications Inc (US), Methode Electronics(US), HID Global Corporation/Assa ABLOY AB (US), VOXX International Corp (US), Fingerprint Cards AB (Europe), Voicebox Technologies Corporation (US).
Automotive Biometrics Market Top Players Company Profiles
- Safran
- Methode Electronics
- Fingerprint Cards AB
- Hitachi Ltd.
- Fujitsu Limited
- Nuance Communications, Inc.
- Voicebox Technologies
- Synaptics Incorporated
- Continental AG
- Sonavation, Inc.
- Valid
- HID Global
- EyeLock LLC
- BehavioSec Inc.
- IDEX Biometrics ASA
- BIODIT Global Technology
- BioEnable Technologies Pvt. Ltd.
- VOXX International Corporation
- HARMAN International
- Voicetrust GmbH
Automotive Biometrics Market Recent Developments
- In May 2020, for the first electrical SUV in BJEV's ARCFOX range, T.T., Cerence can collaborate with the company to provide specialised, intelligent voice assistant solutions. The voice assistant is powered by a Cerence Drive solution that combines cloud-based and embedded technologies, speech recognition, natural language understanding (NLU), text to speech (TTS), and speech signal sweetening (SSE).
- In September 2020, the development on Lynk & Co. 05 gave Shenzhen Goodix's fingerprint authentication solution for vehicles their first noticeable appearance. The all-new SUV from Lynk & Co. features a number of high-tech features that are exclusive to the automotive industry.
Automotive Biometrics Key Market Trends
- To improve the safety and security of automobiles, a number of automakers have expressed a strong interest in the implementation of automotive biometrics. OEMs working in the automotive industry are forming strategic alliances with wearable technology companies. To obtain the biometric data, these wearable devices can be connected through Bluetooth.
Automotive Biometrics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by technology, the fingerprint scan market category held the biggest market share in 2021 followed by voice and facial recognition. Vehicle-wise in 2021, the passenger car segment accounted for the biggest market share, and it is predicted that it would continue to do so throughout the projection period. Region-wise, the Asia Pacific region accounted highest market share with more than 45% of total automotive biometrics market revenue.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.1 billion |
| Market size value in 2031 | USD 3.9 billion |
| Growth Rate | 17.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Biometrics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Biometrics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Biometrics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Biometrics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Biometrics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Biometrics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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