What is the global market size of Automotive Biometrics Market?

Global Automotive Biometrics Market was valued USD 295.32 million in 2021, and it is predicted to reach USD 2014.14 million by 2028, increasing at a CAGR of 17.89% over the forecast period (2022-2028). Read More

Who are the key vendors in the Global Automotive Biometrics Market?

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).'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)' Read More

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 News

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 Market Report Snapshots

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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).

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 Corporation/Assa ABLOY AB (US), VOXX International Corp (US), Fingerprint Cards AB (Europe), Voicebox Technologies Corporation (US). '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 Technology', 'BioEnable Technologies Pvt. Ltd.', 'VOXX International Corporation', 'HARMAN International', 'Voicetrust GmbH'

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.

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.

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.

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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

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