Market Research Future (MRFR) predicts the Global Automotive Biometric Market size to reach USD 1,128 million with a CAGR of 12% from the forecast period.
A biometric system is a vital system used in automobiles for biometric identification and authentication in vehicles. Its objective is to provide safety in vehicles and is used in a variety of applications such as health monitoring, vehicle immobilizer, and biometric car access. Biometric automotive security is an important concept in the automotive industry due to the growing number of vehicle theft.
The global automotive biometric market is influenced by factors like the growth of the automotive industry, the growing need for safety and security, strict regulations regarding biometric identification systems, and increasing investments into automotive infrastructure development in emerging economies. There has been a rise in the need for vehicle safety and security. As a result, the demand for the automotive biometric industry has increased steadily.
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The growing competition among automotive biometric systems service providers is one of the main factors, and the increasing support from the local government to use safety and security systems in automobiles has reinforced the design and development of automotive biometric as per the mandates by governing bodies operating in semiconductor and automotive industry across different regions. The high cost of an automotive biometric system and the failure of electronic components utilized in connectivity infrastructure and automotive biometrics are expected to limit the market growth.
Notable players in the global automotive biometric market include Fujitsu Ltd (Japan), Synaptics Incorporated (US), Voicebox Technologies (US), Methode Electronics (US), VOXX International (US), Hitachi Ltd (Japan), Safran S.A (France), Hid-Global (US), Nuance Communications (US), Fingerprint Cards AB (Sweden).
COVID-19 Impact on the Global Automotive Biometric Market
The global outbreak of a new coronavirus pandemic is expected to trigger a slight slowdown in the industry. Due to labor shortages, manufacturing operations have come to a halt. This has resulted in a significant fall in demand from end-use industries.
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The global automotive biometric industry has been segmented based on technology, vehicle type, and application.
By technology, the global automotive biometric market has been segmented into voice recognition, face recognition, fingerprint scan, and others. Of these types, the fingerprint scan segment accounted for the largest market share in 2018, followed by face recognition and voice recognition.
By vehicle type, the global automotive biometric market has been segmented as passenger cars and commercial vehicles. The passenger car segment earned the largest market share in 2018; it is anticipated to hold the largest share throughout the forecast period.
By application, the global automotive biometric market has been segmented into driver safety systems, advanced steering and infotainment, and vehicle security system. The vehicle security system segment earned the largest share in 2018; it is projected to hold the largest share of the market over the assessment period, while the driver safety system segment is anticipated to witness higher growth until the end of 2025.
Region-wise, the global automotive biometric industry has been segmented as North America, Asia Pacific, Europe, and the rest of the world.
Due to the involvement of numerous companies, North America accounted for the largest market share in terms of sales in 2018. Furthermore, rapid technological advancements and growing demand for commercial voyage are expected to generate a profitable opportunity for the market. The European automotive biometric market is expected to expand at a rapid pace during the forecast period, owing to the growth of the passenger car market in the United Kingdom, Germany, and France.
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