Acumen research and consulting estimates that global automotive biometric identification market is expected to reach the market value of around US$ 329 Bn by 2027 and is anticipated to grow at a CAGR of around 10.1% in terms of revenue during the forecasting period 2020 – 2027.

Biometric identification is gaining importance with the emergence of electric vehicle, AI and other technologic demand for safe and reliable vehicle among consumers is increasing.

Market Dynamics

Automotive landscape is changing rapidly with the arrival of sensors, computer processing, artificial intelligence, etc. the way of interaction of driver and passenger with the vehicle is changing. Manufacturers are focused on enhancing the in-vehicle experience of the consumers with the help of sensor and AI they allowing the consumer to control the vehicle operation such as engine start-stop, biometric vehicle access system, etc. Increasing consumer demand for vehicle with high safety and reliability is a major factor expected to drive the growth of global market.

Rising inclination towards adoption of electric vehicles that provide high power and emit low pollution, coupled with manufactures approach towards providing the vehicle with various features such as voice recognition, facial recognition, and fingerprint recognition for better safety is another factor expected to augment the growth of target market.

• In 2020, Byton a Chinese startup introduced electric vehicle that use of cameras and facial recognition. The car is set up to recognize the driver and every passenger, using facial scans as a form of biometric authentication.

Inclination towards development of autonomous vehicles manufacturer are focused on using cameras for identification. Deployment of advanced facial recognition technology by manufactures that aid the vehicle to recognize the driver or passenger and unlock the door automatically this is another factor expected to augment the growth of target market.

• In 2020, Faraday Future an electric manufacturing company is expected use facial recognition technology in its upcoming vehicle FF91. The technology is expected to recognize the driver and every passenger and accordingly adjust seat settings, cabin temperature and music volume to their pre-set preferences.

However, factors such as rising data security concern and high cost associated to product are expected to hamper the growth of the global market. In addition, lack of required infrastructure in developing countries in order to support the adoption of advanced devices is expected to challenge the growth of target market.

High investment by major players and innovative product offerings are factors expected to create new opportunities for players over the forecast period. In addition, business development activities through strategic merger and acquisitions are factors expected to further revenue support the growth of target market.

Automotive Biometric Identification Market Segment Analysis, 2019

The global market is segmented into technology, sensors, component, vehicle type, and application. The vehicle type segment is bifurcated in to passenger vehicles and commercial vehicles. Among the vehicle type the passenger vehicle segment is expected to account for major revenue share over the forecast period.

Segment Analysis by Region

The market in North America is expected to account for major revenue share owing to rising demand for luxury vehicle with advanced safety. In addition, presence of major players operating in the country and introduction of new products is expected to further support the regional market growth.

Asia Pacific is expected to witness faster growth in the near future owing to high passenger vehicle sale in emerging economies in this region. In addition, presence of major auto manufacturers investing high for development if new product is expected to further support the growth of target market in this region.

• In 2018, Hyundai an automotive manufacturer said it is soon expected to delivery its first vehicle with biometric fingerprint sensor in both its exterior door handles and interior ignition.

Competitive Landscape

The competitive landscape is high due to presence of large number of players and high investment for product development. In addition, business expansion activities through strategic agreements are factors expected to further increase the competition.

Report coverage

Market	Global Automotive Biometric Identification Market
Analysis Period	2016 – 2027
Base Year	2019
Forecast Data	2020 – 2027
Market Stratification	Technology, Sensor, Component, Application, Vehicle Type and Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 

The market research study on “Automotive Biometric Identification Market (Technology: Voice Recognition, Facial Recognition, Fingerprint Recognition, Iris Recognition, Multimodal Identification, Gesture Recognition, and Others; Sensors: Image Sensors, Fingerprint\Palm Sensors, Iris/Retinal Recognition Sensors, Voice Sensors, and Keystrokes Sensors; Components: Processing Units, Embedded Micro-Computers, and Micro-Chipsets; Application: Engine Start-Stop System, Biometric Vehicle Access System, Memory Steering, Infotainment System, Memory Seats, and Driver Fatigue & Drowsiness Monitoring System; Vehicle Type: Passenger Cars, and Commercial Vehicles) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global automotive biometric identification market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global automotive biometric identification market, its technology, sensor, component, application, vehicle type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global automotive biometric identification market size and segment markets by technology, sensor, component, application, vehicle type, and geography along with the information on companies operating in the market. The automotive biometric identification market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Hitachi, Ltd., Fingerprint Cards AB, FUJITSU, Safran, Synaptics Incorporated, Nuance Communications, Inc., Methode Electronics, HID Global Corporation/Assa ABLOY AB, Continental AG, VOXX International Corp., Voicebox Technologies Corporation, Robert Bosch GmbH, and Valeo.

Market Segmentation

Market By Technology

• Voice recognition
• Facial recognition
• Fingerprint recognition
• Iris recognition
• Multimodal identification
• Gesture recognition
• Others

Market By Sensor

• Image sensors
• Fingerprint\palm sensors
• Iris/retinal recognition sensors
• Voice sensors
• Keystrokes sensors

Market By Component

• Processing units
• Embedded micro-computers
• Micro-chipsets

Market By Application

• Engine start-stop system
• Biometric vehicle access system
• Memory steering
• Infotainment system
• Memory seats
• Driver fatigue & drowsiness monitoring system

Market By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa

TABLE OF CONTENT