Automotive biometric is an electronic component that identifies individuals with respect to their physiological and behavioral characteristic. The biometric system verifies and provides access to the controls, such as fingerprint recognition at the door/steering wheel, microphone inside the car that recognizes the owner’s voice, and others. After gaining the required data, the biometric system analyzes the current inputs with its existing records and then a complete access is provided to the owner.
Increase in need for safety is the major factor that drives the growth of the automotive biometric vehicle access system market. The biometric system asks for biological evidences such as fingerprint scan and facial & voice recognition, which increase the level of safety. Biometric access system does not ask for passwords thus making it difficult to be hacked or stolen. Moreover, hackers cannot easily track down the passwords as the access is given on the owner’s recognition. In addition, biometric vehicle systems are easier and faster with respect to the operating pace. Some of the car manufacturers such as Ford, BMW, Mercedes-Benz, and Volkswagen plan to incorporate the biometric system in the cars for the safety and convenience of the customers.
The market is segmented based on technology, type, and country. Technology is further divided into fingerprint scan, voice recognition, face recognition, and others. Based on vehicle type, it is classified as passenger car and commercial vehicle. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report include Hitachi, Ltd., Fujitsu Limited, Nuance Communications, Voxx International Corporation, Safran S.A, Synaptics Incorporated, ASSA ABLOY AB (HID Global Corporation), BioEnable Technologies Pvt. Ltd, Fingerprint Cards AB (publ), and Methode Electronics, Inc.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises analytical depiction of the global automotive biometric market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2018 to 2024 to highlight the financial competency of the market.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
BY TECHNOLOGY
Fingerprint Scan
Voice Recognition
Face Recognition
Others
BY VEHICLE TYPE
Passenger Car
Commercial Vehicle
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS PROFILED
Hitachi, Ltd.
Fujitsu Limited
Nuance Communications
Voxx International Corporation
Safran S.A.
Synaptics Incorporated
ASSA ABLOY AB (HID Global Corporation)
BioEnable Technologies Pvt. Ltd.
Fingerprint Cards AB (publ)
Methode Electronics, Inc.
Increase in need for safety is the major factor that drives the growth of the automotive biometric vehicle access system market. The biometric system asks for biological evidences such as fingerprint scan and facial & voice recognition, which increase the level of safety. Biometric access system does not ask for passwords thus making it difficult to be hacked or stolen. Moreover, hackers cannot easily track down the passwords as the access is given on the owner’s recognition. In addition, biometric vehicle systems are easier and faster with respect to the operating pace. Some of the car manufacturers such as Ford, BMW, Mercedes-Benz, and Volkswagen plan to incorporate the biometric system in the cars for the safety and convenience of the customers.
The market is segmented based on technology, type, and country. Technology is further divided into fingerprint scan, voice recognition, face recognition, and others. Based on vehicle type, it is classified as passenger car and commercial vehicle. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report include Hitachi, Ltd., Fujitsu Limited, Nuance Communications, Voxx International Corporation, Safran S.A, Synaptics Incorporated, ASSA ABLOY AB (HID Global Corporation), BioEnable Technologies Pvt. Ltd, Fingerprint Cards AB (publ), and Methode Electronics, Inc.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises analytical depiction of the global automotive biometric market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2018 to 2024 to highlight the financial competency of the market.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
BY TECHNOLOGY
Fingerprint Scan
Voice Recognition
Face Recognition
Others
BY VEHICLE TYPE
Passenger Car
Commercial Vehicle
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS PROFILED
Hitachi, Ltd.
Fujitsu Limited
Nuance Communications
Voxx International Corporation
Safran S.A.
Synaptics Incorporated
ASSA ABLOY AB (HID Global Corporation)
BioEnable Technologies Pvt. Ltd.
Fingerprint Cards AB (publ)
Methode Electronics, Inc.
Note: Product cover images may vary from those shown
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY
CHAPTER 5: AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE
CHAPTER 6: AUTOMOTIVE BIOMETRIC MARKET, BY REGION
CHAPTER 7: COMPANY PROFILES
Note: Product cover images may vary from those shown
According to a recent report titled, Automotive Biometric Market by Technology and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2017-2024, the global automotive biometric market was valued at $476 million in 2017, and is projected to reach at $1,128 million by 2024, growing at a CAGR of 12.0% from 2018 to 2024.
Increase in theft in passenger cars propels the market growth of the automotive biometric market. As passenger cars do not have much of a security, except a central locking system, the inclusion of biometric segment is projected to be of vital importance. The installation of biometric technology in compact cars can help in the reduction of car thefts involved with the incorporation of technologies such as fingerprint scanner. Since, fingerprints are not easily traceable, the chances of hacking the car is less. The authorized driver who are pre-registered with the biometric system will only be able to access the vehicle.
The need for better security management impacts both the developed and the developing economies to protect themselves from unknown entities such as theft or other disturbing activities. Major players in the biometric technology plan to establish themselves in emerging markets.
The different technologies used in the automotive biometric access systems are fingerprint scanner, facial recognition, voice recognition, and others. However, as the installation cost of biometric devices is high, there is a possibility that only certain car manufacturer can afford this technology in the cars to full extent. This acts as a restraint for the growth of the automotive biometric systems market.
In 2017, Europe dominated the global automotive biometric market. In addition, the demand for luxury vehicle is high in this region enabling the need for biometric technology. Based on technology, the fingerprint scan segment dominated the global automotive biometric market, in terms of revenue in 2017. Further, based on vehicle type, the passenger car segment is projected to lead the global market in the same year.
The report includes a micro-level study of different regions adopting automotive biometric for various applications. In addition, it discusses the potential opportunities for market players to enter the market. Moreover, it provides an in-depth market analysis of automotive biometric, outlining current trends, key driving factors, and potential areas for product investments.
The global automotive biometric market is analyzed based on four regions-North America, Europe, Asia-Pacific, and LAMEA. In addition, it includes Porters Five Forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report further features the strategies adopted by the key market players to maintain their foothold in the market. Hitachi, Ltd., Fujitsu Limited, Nuance Communications, Voxx International Corporation, Safran S.A, Synaptics Incorporated, ASSA ABLOY AB (HID Global Corporation), BioEnable Technologies Pvt. Ltd, Fingerprint Cards AB (publ), Methode Electronics, Inc. are some of the key players operating in the global automotive biometric market.
Key findings of the Automotive Biometric Market:
In 2017, based on technology, the fingerprint scan segment dominated the global automotive biometric market, in terms of revenue.
Based on vehicle type, the passenger car segment led the global market in 2017.
Europe held the largest market share in 2017.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period 2018-2024.
Increase in theft in passenger cars propels the market growth of the automotive biometric market. As passenger cars do not have much of a security, except a central locking system, the inclusion of biometric segment is projected to be of vital importance. The installation of biometric technology in compact cars can help in the reduction of car thefts involved with the incorporation of technologies such as fingerprint scanner. Since, fingerprints are not easily traceable, the chances of hacking the car is less. The authorized driver who are pre-registered with the biometric system will only be able to access the vehicle.
The need for better security management impacts both the developed and the developing economies to protect themselves from unknown entities such as theft or other disturbing activities. Major players in the biometric technology plan to establish themselves in emerging markets.
The different technologies used in the automotive biometric access systems are fingerprint scanner, facial recognition, voice recognition, and others. However, as the installation cost of biometric devices is high, there is a possibility that only certain car manufacturer can afford this technology in the cars to full extent. This acts as a restraint for the growth of the automotive biometric systems market.
In 2017, Europe dominated the global automotive biometric market. In addition, the demand for luxury vehicle is high in this region enabling the need for biometric technology. Based on technology, the fingerprint scan segment dominated the global automotive biometric market, in terms of revenue in 2017. Further, based on vehicle type, the passenger car segment is projected to lead the global market in the same year.
The report includes a micro-level study of different regions adopting automotive biometric for various applications. In addition, it discusses the potential opportunities for market players to enter the market. Moreover, it provides an in-depth market analysis of automotive biometric, outlining current trends, key driving factors, and potential areas for product investments.
The global automotive biometric market is analyzed based on four regions-North America, Europe, Asia-Pacific, and LAMEA. In addition, it includes Porters Five Forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report further features the strategies adopted by the key market players to maintain their foothold in the market. Hitachi, Ltd., Fujitsu Limited, Nuance Communications, Voxx International Corporation, Safran S.A, Synaptics Incorporated, ASSA ABLOY AB (HID Global Corporation), BioEnable Technologies Pvt. Ltd, Fingerprint Cards AB (publ), Methode Electronics, Inc. are some of the key players operating in the global automotive biometric market.
Key findings of the Automotive Biometric Market:
In 2017, based on technology, the fingerprint scan segment dominated the global automotive biometric market, in terms of revenue.
Based on vehicle type, the passenger car segment led the global market in 2017.
Europe held the largest market share in 2017.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period 2018-2024.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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