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

Automotive Biometrics Market Size

Automotive Biometrics Market Insights

Global Automotive Biometrics Market size was valued at USD 1.2 billion in 2023 and is poised to grow from USD 1.41 billion in 2024 to USD 5.01 billion by 2032, growing at a CAGR of 17.2% during the forecast period (2025-2032).

A vehicle's ignition switch, vehicle immobiliser, rationalisation, and health monitoring are just a few of the applications for which automotive biometrics are used as an electronic device for identification and authentication. Any type of biometric system could exist, including voice recognition, facial recognition, and fingerprint scanners.

One of the key factors driving the demand for the automotive biometric market during the forecast period is the rising public concern over safety and security. The use of biometrics in the automotive industry spans a wide range of applications, including access control for securing a vehicle using different biometric scanners, enabling personalised vehicles for users to enable drivers and passengers to call up playlists, contacts, and preferred apps, and their adoption in automotive vehicles is anticipated to rise over the course of the forecast period.

One of the main causes is the increasing competition among service providers of automotive biometric systems, and the local governments' growing support for the use of safety and security systems in cars has strengthened the design and development of automotive biometric in accordance with the regulations set forth by governing bodies operating in the semiconductor and automotive industries across various regions.

US Automotive Biometrics Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

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). 'Safran', 'Fingerprint Cards AB ', 'Synaptics Incorporated ', 'Hitachi Ltd. ', 'Fujitsu Limited ', 'Nuance Communications, Inc. (Cerence Inc.) ', 'Voicebox Technologies ', 'Continental AG ', 'Sonavation, Inc. ', 'HID Global ', 'EyeLock LLC ', 'BehavioSec Inc. ', 'IDEX Biometrics ASA ', 'BIODIT Global Technology ', 'BioEnable Technologies Pvt. Ltd. ', 'Precise Biometrics AB ', 'Aware Inc. ', 'Cerence Inc. (formerly Nuance Communications Inc.) ', 'Sensory Inc. ', 'Shenzhen Goodix Technology Co. Ltd'

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.