According to the latest report by IMARC Group, titled “Automotive Biometric Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global automotive biometric market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. 

The global automotive biometric market size reached a value of US$ 735.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,793.10 Million by 2027, exhibiting a CAGR of 15.20% during 2022-2027.

Automotive biometrics is an electronic device used to authenticate and identify vehicles for numerous purposes, including vehicular access, immobilizer, ignition switch, rationalization, and health monitoring. It increases automobile security and minimizes theft by utilizing biological characteristics, such as facial and voice recognition and retinal and fingerprint scans, for verification. It also collects data on the accelerator, steering wheel, and other components to track the stress and anxiety levels of the driver and ensure their comfort and safety. As a result, automotive biometrics is gaining immense traction across the globe.

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Automotive Biometric Market Trends and Drivers:

The global automotive biometric market is primarily driven by the rising integration of biometric technology in automobiles. Moreover, there is a rise in the demand for autonomous vehicles with advanced technologies, such as machine learning (ML), the internet of things (IoT), and artificial intelligence (AI). In line with this, the increasing use of Vehicle-to-Infrastructure (V2I) and Vehicle-to-Vehicle (V2V) technology to enhance mobility communication is positively influencing the market growth.

Additionally, vehicles with biometric systems are receiving lucrative discounts from insurance companies as they have in-car payments, automatic preset adjustments, safe remote start-up, myriad passenger safety benefits, and hands-free features. Along with this, the rising collaborations among automotive original equipment manufacturers (OEMs) and wearable companies to collect biometric data have catalyzed market growth.

Furthermore, the increasing usage of human-machine interface (HMI), which enables the vehicle dashboard to function as an iPad while using the voice-activated interface to access cloud data, is contributing to the market growth. Other factors, including the rising need for safety, technological advancements, and escalating demand for aesthetics and comfort features in cars, are also anticipated to propel the market growth.

Global Automotive Biometric Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Automotive Biometric Companies:

Aware Inc., BioEnable Technologies Pvt. Ltd., Continental AG, Fingerprint Cards AB, Fujitsu Limited, Hitachi Ltd., IriTech Inc., Methode Electronics Inc., Precise Biometrics AB, Shenzhen Goodix Technology Co. Ltd., Synaptics Incorporated and VOXX International Corporation.

The report has segmented the market on the basis of region, technology, vehicle type, sales channel and application.

Breakup by Technology:

  • Fingerprint Scan
  • Voice Recognition
  • Facial Recognition
  • Others

Breakup by Vehicle Type:

  • Passenger Car
  • Commercial Vehicle

Breakup by Sales Channel:

  • OEMs
  • Aftermarket

Breakup by Application:

  • Vehicle Security System
  • Driver Safety System
  • Advanced Steering and Infotainment
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

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Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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