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Automotive Biometric Vehicle Access Technology Market

Automotive Biometric Vehicle Access Technology Market

Automotive Biometric Vehicle Access Technology Market Global Industry Assessment & Forecast

# Pages:

180

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0564

Segments Covered
  • By Product Hand Geometry, Voice Recognition, Fingerprint
  • By Application Passenger Vehicle, Commercial Vehicle
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 924.23 Million
Revenue 2028Revenue 2028: 3236.10 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 13.23%
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Automotive Biometric Vehicle Access Technology market was valued at USD 924.23 Million in 2020 and is projected to reach USD 3236.10 Million by 2028, growing at a CAGR of 13.23%% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2028
Annual Market Size (2028) 3236.10 Million
Annual Market Size (2021)
CAGR (2021 - 2028) 13.23%%

Overview and Description

A biometric vehicle access system is a technology that is developed for automated access to a vehicle based on behavioural or physiological traits. Automotive biometrics is an electronic device used for identification and authentication in vehicles for numerous applications. The biometric systems could be of any type such as fingerprint scanner, facial recognition, voice recognition, and others.


This report provides an analysis of the Automotive Biometric Vehicle Access Technology market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers a thorough insights on various tools such as SWOT analysis, PEST analysis, value chain analysis, Porter’s five forces analysis, pricing analysis, and technology roadmap among others. These assessments aid the industry stakeholders to analyze the Automotive Biometric Vehicle Access Technology market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.

Yearly Infographics 924.23 Million 3236.10 Million

COVID-19 Impact Analysis

The COVID-19 outbreak has affected various industries worldwide. The Automotive Biometric Vehicle Access Technology market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:


o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The report covers exhaustive analysis on the global Automotive Biometric Vehicle Access Technology industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.


The increasing need of safety is a major factor that is anticipated to augment the growth of the automotive biometric vehicle access technology market. This is due to the high rate of accuracy offered by it such as fingerprint scan, face & others which increases the level of safety. Biometric access system does not ask for passwords, and hence are difficult to be hacked. Furthermore, biometric vehicle systems are also easier, faster and reliable compared to other safety technologies are some more factors driving the market.

The increasing development in the emerging economies is another primary factor supporting the growth of the automotive biometric vehicle access technology market in the years to come. The better security management is a demand for both the developed and the emerging economies so as to protect from unknown entities such as theft or other hacking activities. Additionally, most of the major players in the biometric technology are trying to establish themselves in the emerging markets, and hence supporting the market growth. 

The increasing installation cost of biometric devices is expected to hamper the growth of the global automotive biometric vehicle access technology market. Due to this there is a probability that only few car manufacturers can afford this technology in cars.

Global Automotive Biometric Vehicle Access Technology Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Product, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered BioEnable, Techshino, Miaxis, Nuance, Synaptics, Olea Sensor Networks, NEC, Fujitsu, Sonavation, FPC, HID Global, IriTech, Denso, BIODIT, KeyLemon, Safran, VOXX, Nymi, EyeLock.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Product, Application, and region. The report will cover market estimations and forecast for each segment by region for the years 20156–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Product, the market is divided into Hand Geometry, Voice Recognition, Fingerprint. Fingerprint held the largest share in 2020 and is projected to witness substantial growth during the forecast period.

Based on Application, the market is divided into Passenger Vehicle, Commercial Vehicle. Commercial vehicle attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

Global Automotive Biometric Vehicle Access Technology Market: Product Segment Analysis

    • Hand Geometry
    • Voice Recognition
    • Fingerprint

Global Automotive Biometric Vehicle Access Technology Market: Application Segment Analysis

    • Passenger Vehicle
    • Commercial Vehicle

Regional Analysis: Preview

Based on the geography, the global Automotive Biometric Vehicle Access Technology market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2016–2028. The regional analysis section also provides qualitative analysis comprising of regional trends such as drivers, restraints, opportunities and regulatory norms. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market. 

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Automotive Biometric Vehicle Access Technology Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The global Automotive Biometric Vehicle Access Technology market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Automotive Biometric Vehicle Access Technology market are BioEnable, Techshino, Miaxis, Nuance, Synaptics, Olea Sensor Networks, NEC, Fujitsu, Sonavation, FPC, HID Global, IriTech, Denso, BIODIT, KeyLemon, Safran, VOXX, Nymi, EyeLock.. This section of the report comprising of a thorough profiling of companies based on various parameters such as company/business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.  

FAQ
Frequently Asked Question
  • The global Automotive Biometric Vehicle Access Technology valued at 924.23 Million in 2020 and is expected to reach 3236.10 Million in 2028 growing at a CAGR of 13.23%%.

  • The prominent players in the market are BioEnable, Techshino, Miaxis, Nuance, Synaptics, Olea Sensor Networks, NEC, Fujitsu, Sonavation, FPC, HID Global, IriTech, Denso, BIODIT, KeyLemon, Safran, VOXX, Nymi, EyeLock..

  • The market is project to grow at a CAGR of 13.23%% between 2021 and 2028.

  • The driving factors of the Automotive Biometric Vehicle Access Technology include

    • The increasing need of safety is a major factor that is anticipated to augment the growth of the automotive biometric vehicle access technology market. This is due to the high rate of accuracy offered by it such as fingerprint scan, face & others which increases the level of safety. Biometric access system does not ask for passwords, and hence are difficult to be hacked. Furthermore, biometric vehicle systems are also easier, faster and reliable compared to other safety technologies are some more factors driving the market.
    • The increasing development in the emerging economies is another primary factor supporting the growth of the automotive biometric vehicle access technology market in the years to come. The better security management is a demand for both the developed and the emerging economies so as to protect from unknown entities such as theft or other hacking activities. Additionally, most of the major players in the biometric technology are trying to establish themselves in the emerging markets, and hence supporting the market growth.

  • North America was the leading regional segment of the Automotive Biometric Vehicle Access Technology in 2020.