One of the essential drivers impelling this market is the rising accentuation on improving vehicle security. With a rising number of vehicle robberies universally, there is a developing interest for cutting edge security arrangements, and biometric access gives a strong and solid method for guaranteeing that main approved people can get to a vehicle. As biometric innovation keeps on developing, the mix of additional modern highlights into vehicle access frameworks becomes conceivable. This remembers headways for unique mark acknowledgment, facial acknowledgment, and even iris checking advances. These advancements upgrade security as well as add to the general client experience by giving consistent and helpful admittance to vehicles.
As worries about vehicle wellbeing and security increment, legislatures all over the planet are carrying out rigid guidelines to guarantee that autos satisfy specific security guidelines. This straightforwardly affects the reception of biometric access frameworks, as makers endeavor to consent to these guidelines and give vehicles that satisfy the expected security guidelines. The rising pattern towards brilliant and associated vehicles is another huge component impacting the market. Biometric vehicle access adjusts well to this pattern, offering a modern and educated answer for vehicle proprietors. The incorporation of biometric frameworks with other savvy vehicle innovations further improves the general effectiveness and allure of these frameworks.
Buyer mindfulness and acknowledgment are significant determinants of market achievement. As buyers become more mindful of the weaknesses related with conventional key-based or electronic access frameworks, there is a developing inclination for biometric arrangements. The accommodation and elevated security furnished by biometric access resound well with current shoppers who focus on both security and convenience in their vehicles. Makers are putting resources into innovative work to remain in front of the opposition, prompting the presentation of further developed and reasonable biometric access arrangements. This opposition not just advantages shoppers by furnishing them with various decisions yet in addition adds to the general development and development of the market. As the car business keeps on developing, biometric vehicle access is probably going to assume a considerably more critical part in guaranteeing the security and comfort of vehicles later.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 0.3 Billion |
Market Size Value In 2023 | USD 0.34 Billion |
Growth Rate | 14.06% (2023-2032) |
Biometric Vehicle Access Market Size was valued at USD 0.34 Billion in 2023. The Biometric Vehicle Access Market industry is projected to grow from USD 0.38 Billion in 2024 to USD 0.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.09% during the forecast period (2024 - 2032). Increasing demand for connected vehicles and information technology deployment are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The increased demand for premium and luxury automobiles is driving the market CAGR for biometric vehicle access. Biometric car entry systems are frequently seen as a luxury feature and can be found in high-end vehicles. Automakers are implementing more biometric solutions into their vehicles to suit this need as more consumers are willing to pay a premium for luxury features.
Furthermore, biometric vehicle access systems can be employed to provide drivers with a more personalized and easy experience. Some systems, for example, can alter the seat, mirrors, and climate control settings based on the driver's biometric profile. This can make driving more pleasant and enjoyable, which is especially significant in premium and luxury vehicles.
Another driver of market expansion for biometric vehicle access is the increased worry about vehicle theft and carjacking. Biometric vehicle access systems offer a higher level of security than standard key and fob systems, making them an appealing option for consumers worried about the safety of their automobiles.
For instance, some high-end vehicles have fingerprint scanners that only allow the registered driver to start the car. This stops car thieves from stealing the vehicle because they would need to obtain the registered driver's fingerprint to start the car. This might provide consumers with peace of mind if they live in locations where vehicle theft and carjacking are common.
In recent years, the growing popularity of connected cars has fueled the demand for sophisticated technologies such as IoT, AI, and machine learning, and so on. Furthermore, the demand for self-driving autonomous automobiles to bring comfort and convenience to the driver is driving the connected car technology forward. The deployment of Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) technologies for improved mobility communication, on the other hand, is boosting the biometric vehicle access system market during the forecast year.
The use of modern information technology such as human-machine interface (HMI), passenger window touchscreens, and so on is driving market expansion. Furthermore, the implementation of iris recognition technology will expand the prospects for biometric vehicle access systems. The HMI also enables the driver's dashboard to function similarly to an iPad, with a voice-activated interface for browsing information from the cloud. These positive attributes will benefit the automobile industry, hence promoting market expansion.
The Biometric Vehicle Access Market segmentation, based on Authentication Technology includes Finger Print, Voice Recognition, and Hand Geometry. In 2022, the finger print category had the greatest market share in the Biometric Vehicles Access System market. With the advancement of technology, the automotive industry is leading the way in using fingerprint recognition technology for increasing vehicle safety, which has fueled the expansion of this market. The use of fingerprint recognition technology will result in a low-cost authentication system that will allow drivers to unlock and start cars without difficulty. This technology is mostly dependent on each individual driver's specific settings, which reduces the chance of car theft. This key element has improved the fingerprint recognition system in vehicles, which will drive market expansion.
The Biometric Vehicle Access Market segmentation, based on Technology, includes Iris Recognition, Face Recognition. The iris recognition system is projected to grow dramatically as the demand for safety features grows. Because faces can be reproduced, face recognition technologies are prone to fraud. Face cloning fraud has been exposed numerous times in the past. As a result, demand for iris or retina identification systems has increased. The sector is still in its early stages, but significant growth is expected by 2032.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Biometric Vehicle Access Market segmentation, based on Technology, includes Passenger Car, Battery Electric Vehicle. In 2022, the passenger cars category is predicted to have the biggest market share in the worldwide biometrics market. The high stake can be attributed to the growing demand for vehicle safety and security systems, as well as the increase in passenger car production in developed and emerging countries.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America is predicted to occupy a considerably higher proportion of the worldwide automotive biometrics vehicle access system market due to the region's expanding disposable income and increased customer adaptability to such incredibly technologically advanced items.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Biometric Vehicle Access Market accounts for the second-largest market share. The market is rapidly expanding as a result of increased passenger automobile sales in this region. Further, the German Biometric Vehicle Access Market held the largest market share, and the UK Biometric Vehicle Access Market was the fastest growing market in the European region
The Asia-Pacific Biometric Vehicle Access Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of increased demand for luxury passenger cars. Moreover, China’s Biometric Vehicle Access Market held the largest market share, and the Indian Biometric Vehicle Access Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Biometric Vehicle Access Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Biometric Vehicle Accessindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Biometric Vehicle Access industry to benefit clients and increase the market sector. In recent years, the Biometric Vehicle Access industry has offered some of the most significant advantages to medicine. Major players in the Biometric Vehicle Access Market, including Voxx International, Fingerprint Cards Ab, Synaptics Incorporated, Methode Electronics, Voicebox Technologies, and Hid-Global and others, are attempting to increase market demand by investing in research and development operations.
Fingerprint Cards is a Swedish biometrics firm that designs and manufactures biometric solutions. Lennart Carlson founded Fingerprint Cards in 1997. Their products include fingerprint sensors, algorithms, packaging innovations, and biometric identification software. Bo Löfberg pioneered the creation of the fingerprint sensor in the 1980s. During his latter years, he focused on developing a fingerprint sensor, which he later patented before passing away in 1986. The sensor was barely halfway constructed when he died, but the license was sold to Lennart Carlson, who later founded Fingerprint Cards. In 2019, Fingerprints Cards AB has introduced its first AEC-Q100 compliant biometric capacitive fingerprint sensor that meets automotive industry standards. This launch has benefited the automotive sector by providing increased security and convenience to the vehicle and the passenger.
Hyundai Motor Company, sometimes known as Hyundai Motors, is a South Korean multinational automobile manufacturer located in Seoul, South Korea, that was formed in 1967. Currently, the firm controls 33.88 percent of Kia Corporation and entirely owns two marques, namely Genesis Motor, a luxury automotive subsidiary, and Ioniq, an electric vehicle sub-brand. The Hyundai Motor Group is made up of these three brands. December 2020, Hyundai Motor Corp. created an improved biometric system for automobiles that allows drivers to unlock and start the engine with a light touch. Furthermore, Hyundai's fingerprint recognition technology allows only authorized drivers to start and stop the car, reducing the risk of vehicle theft.
January 2024: With its headquarters in Tampa, Florida, Silent Partner Technologies Inc. (SPT) has been acquired by BioConnect which is a leading provider of RFID Inventory and Asset management software – as well as the most advanced cloud-based smart safes, smart lockers, smart cabinets, smart rooms and smart vehicles for the intelligent “chain of custody” and security assurance for any critical asset within its Trusted Security Platform.
“Today it is increasingly important to ensure the security of assets such as narcotics or controlled substances through first responder gears up to IT equipment; this move will also play a significant role in stopping drug diversion feeding into the opioid crisis,” said Rob Douglas, CEO at BioConnect. “By acquiring silent partner technology together, we can offer an easy-to-use subscription service that turns any area protecting assets into next-generation ‘Smart Space' solutions powered by the Cloud. Any customer who needs more protection around their valuable items or wants enhanced accountability along chain-of-custody routes will find our offering very compelling indeed.”
The Fire and EMS market for BioConnect continues its growth pattern at over 100% YoY since MedixSafe was bought out in 2021 with an emphasis on being made in America where possible alongside this new venture under Ryan Mueller who has served as General Manager during 13 years employment history with BioConnect.
“MedixSafe and SPT have both had large numbers installed across various emergency medical service organizations but these customers will benefit most from them all coming together under one roof – namely ours!” explained Mr Douglas furthering his statement by saying; “It gives me great pleasure therefore not only congratulate but also promote Ryan Mueller into role GM responsible for leading this business unit because I can think nobody better suited than someone who knows every inch about us already thanks largely due having worked here since year dot.”
September 2021, Genesis announced the release of its own "Face Connect" technology, which will allow automobiles to recognize human faces and open and lock doors without the use of a smart key. Genesis has incorporated unique technologies in its vehicles from its start, enhancing the relationship between humans and vehicles. Face Connect, coupled with its Fingerprint Authentication System, is expected to maximize customer convenience as a technology that assists the automobile in communicating with drivers.
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