Biometric vehicle access market is anticipated to grow at a CAGR of 14.0% during the forecast period. Biometric vehicle access system technology is easy to use, reliable, and efficient. The programs are especially popular with well-known car companies such as Mercedes-Benz, BMW, Ford, and Volkswagen. The models adopt the technology of access to biometric vehicles to find better ways to strengthen their vehicle safety and security system. The growing numbers of automobile systems are incorporating biometric doors based on fingerprint technologies, enabling drivers to restrict, control, and track usage of their vehicles which is propelling the growth of the market during the forecast period. For instance, in December 2018, Hyundai Motor Co. announced smart fingerprint technology that will allow drivers to not only unlock doors, however, also start the vehicle. Furthermore, the technology also provides a customized driving environment such as matching information of driver preference with fingerprint data, automatically adjusting seating positions, connected car features and setting side-view mirror angles.
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The fingerprint recognition system is expected to hold a lucrative market share in the biometric vehicle access market during the forecast period. Using a fingerprint recognition system offers convenience to the users unlocking a vehicle. The popularity and familiarity of fingerprint recognition among users are now pushing automobile makers to evaluate use cases for the technology in passenger cars which is expected to drive the market growth during the forecast period. For instance, in September 2018, Fingerprints, a biometrics company, launched its first AEC-Q100 compliant biometric capacitive fingerprint sensor, meeting rigorous automotive industry standards. Automakers are keen to integrate biometric-based driver authentication into vehicles to improve vehicle security, and cabin personalization, and securely authorize in-vehicle payments. Moreover, this launch is an important step in bringing the benefits of biometric solutions to the automotive industry which is supporting the market growth during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Biometric Vehicle Access Market Report by Segment
By Type
- Fingerprint Recognition System
- Voice Recognition System
- Iris Recognition System
- Face Recognition System
By Vehicle Type
- Conventional Vehicles
- Electric Vehicles
Global Biometric Vehicle Access Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biometric vehicle access market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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