Biometric Vehicle Access Market size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2337
Biometric Vehicle Access Market size will expand owing to rising demand of automated safety and security features in automobiles. Increasing car theft leading to increased safety & security concern will drive biometric vehicle access market from 2017 to 2024. Automobile manufacturer are installing finger print sensors, hand geometry and voice recognition system to improve anti-theft systems in the automobiles.
Technological advancements for quick authentication and user friendly high-end protection system will increase the demand for biometric vehicle access market during forecast period. Design standards specified by International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC) ensures the system operationality resulting in improved performance. However, concerns related to owner’s data security and threats arising out of increasing electronic component in automobile will restrict the biometric vehicle access market. System dysfunctionality resulting in system failure and false authentication will limit the technology adoption during forecast period.
Design standards such as Bio API enables system to perform enrollment and verification of owner’s identity efficiently. Continuous technology upgradation paves growth opportunity to manufacturers to provide reliable & efficient authentication system. Reducing manufacturing and installation cost of system is the major challenge before the industry participants. Electronic components and design complexity increase the cost of overall system which leads to less adoption among cost sensitive consumers.
Based on authentication, biometric vehicle access market is categorized in to face recognition system, fingerprint recognition, iris recognition and hand geometry. Fingerprint technology holds maximum share owing to its simplified operation. Moreover, major automobile OEMs including Mercedes-Benz, Volkswagen deploying fingerprint authentication in their premium and luxury automobiles will boost the demand. Iris recognition system adaption is likely to grow due to better security and reliability.
Based on vehicle, industry is categorized in to PCV, LCV and HCV. Escalating demand for sedans, hatchback, SUVs and electric cars will support the revenue generation by PCV. Growth in commercial automobile segment is driven by increasing safety concerns regarding the goods and freight transported.
Based on application, biometric vehicle access market is divided as door, steering wheel, car mirror and on board. Door biometric access will dominate the overall industry during forecast period as it is crucial for safety and provides first access to vehicle. Efforts to increase driver control over automobile will support the adoption of steering wheel biometric access market share from 2017 to 2024.
Europe will acquire maximum share owing to presence of major automobile manufacturer such as Ford, Mercedes, Volkswagen and BMW. The increase in production of passenger cars owing to increasing need for safety features will boost biometric vehicle access market revenue during forecast period.
Asia Pacific will exhibit highest growth rate supported by escalating premium passenger car demand. China leads global electric vehicle industry and is expected to continue its dominance for EV during the forecast timeframe. Positive outlook for electric and hybrid passenger cars in China and Japan will increase the revenue share. Frequent occurrence of theft instances demanding enhanced security will support the regional growth during forecast period.
Major manufacturing companies in biometric vehicle access market are Synaptics, Techshino, Miaxis, BioEnable, BIODIT, Denso, EyeLock, FPC, Nymi Sonavation, Fujitsu, IriTech, KeyLemon, NEC, Nuance, Safran, Olea Sensor Networks, HID Global, VOXX.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Take a free trial of GMIPuse, our report store; designed to provide clients a range of market research services, all on a single platform.Start Your Free Trial
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.