Automotive Biometrics Market is anticipated to reach US$ 1015.08 Mn by 2029 from US$ 299.14 Mn in 2022 at a CAGR of 19.07% during a forecast period.Automotive Biometrics Market Overview
Automotive biometrics are electronic devices that are used in cars for identification and authentication for a variety of purposes, including vehicular access, ignition switch, vehicle immobilizer, rationalization, and health monitoring. The Automotive biometrics market consists of Fingerprint scanners, facial recognition, voice recognition, and other biometric technologies. Region-wise, North America held 41% of the market share in 2022. Europe and the Asia Pacific accounted for 22% & 37% of the market share respectively.Automotive Biometrics Market Snapshot
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Automotive Biometrics Market Dynamics
Increase in Need for Safety: The biological evidence like fingerprint scans and facial, and voice recognition are so accurate that they increase safety and privacy, which is a major factor driving the growth of the automotive biometrics market. Furthermore, because access is granted based on the owner's identification, hackers find it difficult time tracking down the passwords. Furthermore, biometric car systems are simpler and speedier in terms of operation. These biometrics are being utilized in a variety of ways in the automobile sector, such as access control for entering a car using biometric scanners, and enabling personalized vehicles for users to bring up playlists or contacts applications. Several automotive manufacturers are planning to integrate biometric technologies into their automobiles for the benefit of convenience and security, such as Ford, BMW, Mercedes-Benz, and Volkswagen, which intend to include biometric systems into their vehicles.Increasing Production of Luxury Vehicles Worldwide to Fuel the Market:
Due to the continual growth in the number of automobile manufacturing firms such as Tata, Toyota, Hyundai, and others, there has been an increase in the manufacture of luxury vehicles all over the world. The main premium vehicle brands in the total luxury car industry are BMW, Lexus, and Mercedes-Benz. Tesla is one of the most popular automobile brands in the United States, with over 290,000 units expected to be delivered in 2022, including 13,000 Model S vehicles, one of the most popular electric vehicles in the country. The worldwide market for luxury automobiles was valued to be worth around 591.90 billion dollars in 2022. Furthermore, increased disposable income and changing lifestyles have led to an increase in demand for luxury automobiles throughout the world. This has resulted in a surge in demand for automotive biometrics in several regions, which is expected to drive market growth during the forecast period. Restraints: the high costs associated with the installation of this system, which limits its usage to only the premium/luxury category of vehicles is expected to hamper the growth of the market during the forecast period.Automotive Biometrics Market Segmentation Analysis
By Scanner Type, the growing popularity of fingerprint sensors in consumer products is expected to offer substantial potential for their use in the automobile industry. Global fingerprint sensing shipments are likely to reach over 1.1 billion units in 2022, according to Credit Suisse, representing an expected rise of more than 200 million units by 2029. Because the cost of fingerprint sensors is reducing, it is becoming more reasonable for many manufacturers to use them in their future vehicles without dramatically increasing the vehicle's price. The average selling price of fingerprint sensors has dropped from USD 5.5 in 2014 to USD 2.1 in 2019, and 2 in 2020. In addition, the growing use of keyless entry and push-button ignition systems in automobiles have prompted the development of fingerprint sensors. To open the automobile door, the driver must touch their finger on the capacitive sensor on the door handle. Governments all around the world are also encouraging the development of autonomous and linked cars. In China, for example, the standardization of ADAS and autonomous driving is speeding up. To encourage and facilitate the growth of the intelligent connected vehicle sector, the Chinese government's Ministry of Industry and Information Technology released the main working points of Intelligent Connected Vehicle Standardization in 2022. As a result of these trends, fingerprint recognition technology is expected to become more widely used in the automotive sector.Automotive Biometrics Market Regional Insights
In 2022, North America dominated the automotive biometrics market with a share of 41%. North America is home to one of the world's major automobile manufacturing centers. This is due to rising disposable income in the region, as well as increased customer adaptation to such technologically advanced items, which is expected to fuel demand for automotive biometrics. The used vehicle sector in this region is very competitive, accounting for roughly 75% of total auto sales in the United States in 2022, according to US Bureau of Economic Analysis figures. As a result, automakers in the region rely on emerging technology, such as biometrics, to provide value and uniqueness to their products. For example, Nuance Communications, one of the leading US-based providers of biometrics for the automotive industry, announced in November 2019 that it would spin off its automotive biometric division, forming Cerence Inc., a separate public company dedicated solely to the automotive biometrics market. This approach was indicated by the firm to acquire a first-mover advantage in creating biometrics for the automobile sector. BMW, Mercedes-Benz, Volkswagen, and Ford, among others, have previously stated that biometric technology would be included in their high-end luxury segmentation automobiles with high-security features. Biometric technology is being investigated by corporations in various areas, including vehicular access, ignition switch, vehicle immobilizer, rationalization, and health monitoring. The objective of the report is to present a comprehensive analysis of the global Automotive Biometrics market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Automotive Biometrics market dynamics, structure by analyzing the market segments and project the global Automotive Biometrics market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Automotive Biometrics market make the report investor’s guide.Automotive Biometrics Market Scope: Inquire before buying
Automotive Biometrics Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 299.14Mn. Forecast Period 2023 to 2029 CAGR: 19.07% Market Size in 2029: US $ 1015.08 Mn. Segments Covered: by Type Hardware Software by Scanner Type Fingerprint Recognition Iris Recognition Palm Recognition Facial Recognition Voice Recognition Automotive Biometrics Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Automotive Biometrics Market, Key Players are
1. IriTech, Inc. 2. ZKTECO CO., LTD 3. SecuGen Corporation 4. Continental AG 5. Biomatiques Identification Solution Pvt. Ltd. 6. Next Biometrics 7. CMITech Company, Ltd. 8. Crossmatch Technologies 9. Green Bit Biometric Systems S.p.A. 10. Hitachi Ltd 11. Fujitsu Ltd 12. Fingerprint Cards Ab 13. IDEX Biometrics 14. Synaptics Incorporated 15. Fingerprint Cards AB Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Biometrics Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Automotive Biometrics Market? Ans: The Global Automotive Biometrics Market is growing at a CAGR of 19.07% during forecasting period 2023-2029. 3. What is scope of the Global Automotive Biometrics Market report? Ans: Global Automotive Biometrics Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automotive Biometrics Market? Ans: The important key players in the Global Automotive Biometrics Market are – IriTech, Inc., ZKTECO CO., LTD, SecuGen Corporation, Continental AG, Biomatiques Identification Solution Pvt. Ltd., Next Biometrics, CMITech Company, Ltd., Crossmatch Technologies, Green Bit Biometric Systems S.p.A., Hitachi Ltd, Fujitsu Ltd, Fingerprint Cards Ab, IDEX Biometrics, Synaptics Incorporated, and Fingerprint Cards AB 5. What is the study period of this Market? Ans: The Global Automotive Biometrics Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Biometrics Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automotive Biometrics Market 3.4. Geographical Snapshot of the Automotive Biometrics Market, By Manufacturer share 4. Global Automotive Biometrics Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Automotive Biometrics Market 5. Supply Side and Demand Side Indicators 6. Global Automotive Biometrics Market Analysis and Forecast, 2022-2029 6.1. Global Automotive Biometrics Market Size & Y-o-Y Growth Analysis. 7. Global Automotive Biometrics Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 7.1.1. Hardware 7.1.2. Software 7.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 7.2.1. Fingerprint Recognition 7.2.2. Iris Recognition 7.2.3. Palm Recognition 7.2.4. Facial Recognition 7.2.5. Voice Recognition 8. Global Automotive Biometrics Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automotive Biometrics Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 9.1.1. Hardware 9.1.2. Software 9.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 9.2.1. Fingerprint Recognition 9.2.2. Iris Recognition 9.2.3. Palm Recognition 9.2.4. Facial Recognition 9.2.5. Voice Recognition 10. North America Automotive Biometrics Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automotive Biometrics Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 11.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 12. Canada Automotive Biometrics Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 12.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 13. Mexico Automotive Biometrics Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 13.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 14. Europe Automotive Biometrics Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 14.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 15. Europe Automotive Biometrics Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automotive Biometrics Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 16.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 17. France Automotive Biometrics Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 17.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 18. Germany Automotive Biometrics Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 18.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 19. Italy Automotive Biometrics Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 19.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 20. Spain Automotive Biometrics Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 20.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 21. Sweden Automotive Biometrics Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 21.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 22. CIS Countries Automotive Biometrics Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 22.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 23. Rest of Europe Automotive Biometrics Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 23.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 24. Asia Pacific Automotive Biometrics Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 24.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 25. Asia Pacific Automotive Biometrics Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automotive Biometrics Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 26.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 27. India Automotive Biometrics Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 27.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 28. Japan Automotive Biometrics Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 28.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 29. South Korea Automotive Biometrics Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 29.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 30. Australia Automotive Biometrics Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 30.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 31. ASEAN Automotive Biometrics Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 31.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 32. Rest of Asia Pacific Automotive Biometrics Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 32.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 33. Middle East Africa Automotive Biometrics Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 33.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 34. Middle East Africa Automotive Biometrics Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automotive Biometrics Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 35.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 36. GCC Countries Automotive Biometrics Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 36.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 37. Egypt Automotive Biometrics Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 37.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 38. Nigeria Automotive Biometrics Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 38.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 39. Rest of ME&A Automotive Biometrics Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 39.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 40. South America Automotive Biometrics Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 40.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 41. South America Automotive Biometrics Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automotive Biometrics Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 42.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 43. Argentina Automotive Biometrics Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 43.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 44. Rest of South America Automotive Biometrics Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type ,2022-2029 44.2. Market Size (Value) Estimates & Forecast By Scanner Type 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Automotive Biometrics Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile: Key Players 45.3.1. ZKTECO CO., LTD 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. IriTech, Inc. 45.5. ZKTECO CO., LTD 45.6. SecuGen Corporation 45.7. Continental AG 45.8. Biomatiques Identification Solution Pvt. Ltd. 45.9. Next Biometrics 45.10. CMITech Company, Ltd. 45.11. Crossmatch Technologies 45.12. Green Bit Biometric Systems S.p.A. 45.13. Hitachi Ltd 45.14. Fujitsu Ltd 45.15. Fingerprint Cards Ab 45.16. IDEX Biometrics 45.17. Synaptics Incorporated 45.18. Fingerprint Cards AB 46. Primary Key Insights