Biometric Vehicle Access System Market
PUBLISHED: 2024 ID: SMRC25126
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Biometric Vehicle Access System Market

Biometric Vehicle Access System Market Forecasts to 2030 - Global Analysis By System Type (Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition and Multi-factor Authentication (MFA) systems), By Vehicle Type (Passenger Vehicles, Electric Vehicles (EVs), Motorcycles and Commercial Vehicles), Technology, Distribution Channel and By Geography

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4.5 (94 reviews)
Published: 2024 ID: SMRC25126

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $879.2 MN

Projected Year Value (2030)

US $2,410.8 MN

CAGR (2023-2030)

15.5%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Europe

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Biometric Vehicle Access System Market is accounted for $879.2 million in 2023 and is expected to reach $2,410.8 million by 2030 growing at a CAGR of 15.5% during the forecast period. A biometric vehicle access system is a technology that utilizes biometric identifiers, such as fingerprints, retina scans or facial recognition, to authenticate and grant access to a vehicle. Integrated into vehicle entry systems, this technology enhances security by ensuring that only authorized individuals can unlock and start the vehicle. It provides a convenient and secure means of access, contributing to advanced vehicle security and user authentication in modern automotive systems.

According to the International Energy Agency (IEA), in 2016, China held the largest share in the electric car market accounting for over 40% of the global electric cars sold in the country. Increasing sales of electric vehicles is expected to increase the demand for advanced security solutions.

Market Dynamics: 

Driver: 

Integration with electric vehicles and smart cars

The integration of biometric vehicle access systems with electric vehicles and smart cars acts as a significant driver in the market. As the automotive industry evolves towards sustainability and connectivity, biometric solutions enhance the security and convenience of electric and smart vehicles. Biometrics enable keyless entry, personalized user authentication and secure vehicle operation. This trend aligns with the broader shift towards intelligent and eco-friendly transportation, fostering the adoption of biometric vehicle access systems as an integral component in the rapidly advancing automotive industry.

Restraint:

High implementation costs

Integrating biometric technologies, such as fingerprint or facial recognition, into vehicles requires sophisticated hardware and software solutions. The associated expenses for research, development and implementation can be substantial, limiting widespread adoption. As a result, cost considerations may hinder the implementation of biometric vehicle access systems, particularly for manufacturers and consumers who face budget constraints in the automotive industry.

Opportunity:

Advancements in biometric technologies

Continuous innovation in biometrics, such as improved accuracy, multimodal authentication combining multiple biometric factors and integration with artificial intelligence, enhances the security and usability of biometric access systems in vehicles. As consumer demand for advanced security features grows, leveraging cutting-edge biometric technologies opens avenues for manufacturers to stay competitive, meet evolving security needs, and drive the adoption of biometric vehicle access systems.

Threat:

Privacy concerns and data security

Privacy concerns and data security pose significant threats in the biometric vehicle access system market. The collection and storage of biometric data such as fingerprints, facial recognition patterns, raises privacy issues. If compromised, this sensitive information can lead to identity theft or unauthorized access, which restrains market expansion.

Covid-19 Impact: 

The COVID-19 pandemic impacted the biometric vehicle access system market by accelerating the demand for touchless and secure entry solutions. With a heightened focus on hygiene and safety, the automotive industry witnessed an increased preference for contactless access methods. Biometric systems, providing secure and convenient access without physical contact, gained prominence. As a result, the pandemic expedited the adoption of biometric vehicle access systems, reflecting a shift towards advanced and touch-free technologies in the automotive sector.

The fingerprint recognition segment is expected to be the largest during the forecast period

The fingerprint recognition segment is poised to be the largest in the biometric vehicle access system market during the forecast period. This dominance is attributed to the technology's maturity, accuracy and widespread acceptance. Fingerprint recognition offers a secure and user-friendly method for vehicle access, contributing to its popularity. The increasing emphasis on personalized and convenient access solutions, coupled with advancements in fingerprint recognition technology, positions it as a leading driver, ensuring its significant market share in the foreseeable future.

The commercial vehicles segment is expected to have the highest CAGR during the forecast period

The commercial vehicles segment is anticipated to witness lucrative growth in the biometric vehicle access system market during the forecast period. This growth is propelled by the rising demand for enhanced security and access control solutions in commercial fleets. Biometric systems offer efficient and secure access, reducing unauthorized vehicle usage and improving overall fleet management. Additionally, the increasing integration of advanced technologies in commercial vehicles fuels the adoption of biometric vehicle access systems, driving growth in this segment.

Region with largest share:

Europe is expected to dominate the biometric vehicle access system market during the forecast period due to stringent security regulations, increasing adoption of advanced automotive technologies and a robust automotive sector. The region's emphasis on vehicle safety and growing integration of biometric solutions in luxury vehicles contribute to its substantial market share. Additionally, rising consumer awareness further positions Europe as a key market leader in the deployment of biometric vehicle access systems.

Region with highest CAGR:

The Asia-Pacific region is poised for substantial growth in the biometric vehicle access system market. The increasing adoption of advanced automotive technologies, rising disposable income and a growing awareness of vehicle security drive this expansion. Additionally, governments' initiatives for smart transportation solutions further contribute to the market's potential. With a burgeoning automotive industry, Asia Pacific represents a lucrative market for biometric vehicle access systems, fostering innovation and driving the integration of biometric security features in vehicles.

Key players in the market

Some of the key players in biometric vehicle access system market include BIODIT Global Technology, BioEnable Technologies Pvt. Ltd., BioID AG, Continental AG, DERMALOG Identification Systems GmbH, EyeLock LLC, Fingerprint Cards AB, Fujitsu Limited, Genesis Motor, LLC, Gentex Corporation, HID Global Corporation, Hitachi Ltd., IDEMIA, IDEX Biometrics ASA, Methode Electronics, Inc., Miaxis Biometrics Co., Ltd., Nuance Communications, Inc., Synaptics Incorporated, VOXX International Corporation and ZKTeco.

Key Developments:

In January 2023, Continental, one of the global automotive technology leader, has introduced “Face Authentication Display,” setting a new standard in vehicle access control through advanced biometric user recognition. The two-stage access system employs special camera systems discreetly mounted on the vehicle’s B-pillar and seamlessly integrated behind the driver display console, offering heightened security and user interaction. This innovation is helping Continental to take a leap forward in the automotive industry, combining cutting-edge technology with aesthetic design.

In June 2023, Genesis GV60 Gets Biometric, Face Recognition-Based Keyless Entry System. Genesis says its the first company to use a facial recognition-based system for vehicle entry. Genesis has updated the GV60 for the 2023 model year with some new features. Chief among these is a new facial recognition-based keyless entry system. The system uses the fascial scan of the owner to grant access to the vehicle without the need for a physical or smartphone-based key.

System Types Covered:
• Fingerprint Recognition
• Facial Recognition
• Iris Recognition
• Voice Recognition
• Multi-factor Authentication (MFA) systems
 
Vehicle Types Covered:
• Passenger Cars
• Electric Vehicles (EVs)
• Motorcycles
• Commercial Vehicles

Technologies Covered:
• Hardware
• Software

Distribution Channels Covered:
• OEM Integration
• Aftermarket Solutions 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Technology Analysis     
 3.7 Impact of Covid-19     
       
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry     
       
5 Global Biometric Vehicle Access System Market, By System Type      
 5.1 Introduction     
 5.2 Fingerprint Recognition     
  5.2.1 Capacitive Sensors    
  5.2.2 Optical Sensors    
  5.2.3 Ultrasonic Sensors    
 5.3 Facial Recognition     
  5.3.1 2D Facial Recognition    
  5.3.2 3D Facial Recognition    
 5.4 Iris Recognition     
 5.5 Voice Recognition     
 5.6 Multi-factor Authentication (MFA) systems     
       
6 Global Biometric Vehicle Access System Market, By Vehicle Type      
 6.1 Introduction     
 6.2 Passenger Cars     
 6.3 Electric Vehicles (EVs)     
 6.4 Motorcycles     
 6.5 Commercial Vehicles     
  6.5.1 Trucks    
  6.5.2 Buses    
  6.5.3 Vans    
       
7 Global Biometric Vehicle Access System Market, By Technology      
 7.1 Introduction     
 7.2 Hardware     
  7.2.1 Communication Modules    
  7.2.2 Controllers    
  7.2.3 Processors    
  7.2.4 Sensors    
 7.3 Software     
  7.3.1 Biometric Algorithms    
  7.3.2 Cloud Connectivity    
  7.3.3 Mobile App Integration    
  7.3.4 Security Protocols    
       
8 Global Biometric Vehicle Access System Market, By Distribution Channel      
 8.1 Introduction     
 8.2 OEM Integration     
 8.3 Aftermarket Solutions     
       
9 Global Biometric Vehicle Access System Market, By Geography      
 9.1 Introduction     
 9.2 North America     
  9.2.1 US    
  9.2.2 Canada    
  9.2.3 Mexico    
 9.3 Europe     
  9.3.1 Germany    
  9.3.2 UK    
  9.3.3 Italy    
  9.3.4 France    
  9.3.5 Spain    
  9.3.6 Rest of Europe    
 9.4 Asia Pacific     
  9.4.1 Japan    
  9.4.2 China    
  9.4.3 India    
  9.4.4 Australia    
  9.4.5 New Zealand    
  9.4.6 South Korea    
  9.4.7 Rest of Asia Pacific    
 9.5 South America     
  9.5.1 Argentina    
  9.5.2 Brazil    
  9.5.3 Chile    
  9.5.4 Rest of South America    
 9.6 Middle East & Africa     
  9.6.1 Saudi Arabia    
  9.6.2 UAE    
  9.6.3 Qatar    
  9.6.4 South Africa    
  9.6.5 Rest of Middle East & Africa    
       
10 Key Developments      
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 10.2 Acquisitions & Mergers     
 10.3 New Product Launch     
 10.4 Expansions     
 10.5 Other Key Strategies     
       
11 Company Profiling      
 11.1 BIODIT Global Technology     
 11.2 BioEnable Technologies Pvt. Ltd.     
 11.3 BioID AG     
 11.4 Continental AG     
 11.5 DERMALOG Identification Systems GmbH     
 11.6 EyeLock LLC     
 11.7 Fingerprint Cards AB     
 11.8 Fujitsu Limited     
 11.9 Genesis Motor, LLC     
 11.10 Gentex Corporation     
 11.11 HID Global Corporation     
 11.12 Hitachi Ltd.     
 11.13 IDEMIA     
 11.14 IDEX Biometrics ASA     
 11.15 Methode Electronics, Inc.     
 11.16 Miaxis Biometrics Co., Ltd.     
 11.17 Nuance Communications, Inc.     
 11.18 Synaptics Incorporated     
 11.19 VOXX International Corporation     
 11.20 ZKTeco     
       
List of Tables       
1 Global Biometric Vehicle Access System Market Outlook, By Region (2021-2030) ($MN)      
2 Global Biometric Vehicle Access System Market Outlook, By System Type (2021-2030) ($MN)      
3 Global Biometric Vehicle Access System Market Outlook, By Fingerprint Recognition (2021-2030) ($MN)      
4 Global Biometric Vehicle Access System Market Outlook, By Capacitive Sensors (2021-2030) ($MN)      
5 Global Biometric Vehicle Access System Market Outlook, By Optical Sensors (2021-2030) ($MN)      
6 Global Biometric Vehicle Access System Market Outlook, By Ultrasonic Sensors (2021-2030) ($MN)      
7 Global Biometric Vehicle Access System Market Outlook, By Facial Recognition (2021-2030) ($MN)      
8 Global Biometric Vehicle Access System Market Outlook, By 2D Facial Recognition (2021-2030) ($MN)      
9 Global Biometric Vehicle Access System Market Outlook, By 3D Facial Recognition (2021-2030) ($MN)      
10 Global Biometric Vehicle Access System Market Outlook, By Iris Recognition (2021-2030) ($MN)      
11 Global Biometric Vehicle Access System Market Outlook, By Voice Recognition (2021-2030) ($MN)      
12 Global Biometric Vehicle Access System Market Outlook, By Multi-factor Authentication (MFA) systems (2021-2030) ($MN)      
13 Global Biometric Vehicle Access System Market Outlook, By Vehicle Type (2021-2030) ($MN)      
14 Global Biometric Vehicle Access System Market Outlook, By Passenger Cars (2021-2030) ($MN)      
15 Global Biometric Vehicle Access System Market Outlook, By Electric Vehicles (EVs) (2021-2030) ($MN)      
16 Global Biometric Vehicle Access System Market Outlook, By Motorcycles (2021-2030) ($MN)      
17 Global Biometric Vehicle Access System Market Outlook, By Commercial Vehicles (2021-2030) ($MN)      
18 Global Biometric Vehicle Access System Market Outlook, By Trucks (2021-2030) ($MN)      
19 Global Biometric Vehicle Access System Market Outlook, By Buses (2021-2030) ($MN)      
20 Global Biometric Vehicle Access System Market Outlook, By Vans (2021-2030) ($MN)      
21 Global Biometric Vehicle Access System Market Outlook, By Technology (2021-2030) ($MN)      
22 Global Biometric Vehicle Access System Market Outlook, By Hardware (2021-2030) ($MN)      
23 Global Biometric Vehicle Access System Market Outlook, By Communication Modules (2021-2030) ($MN)      
24 Global Biometric Vehicle Access System Market Outlook, By Controllers (2021-2030) ($MN)      
25 Global Biometric Vehicle Access System Market Outlook, By Processors (2021-2030) ($MN)      
26 Global Biometric Vehicle Access System Market Outlook, By Sensors (2021-2030) ($MN)      
27 Global Biometric Vehicle Access System Market Outlook, By Software (2021-2030) ($MN)      
28 Global Biometric Vehicle Access System Market Outlook, By Biometric Algorithms (2021-2030) ($MN)      
29 Global Biometric Vehicle Access System Market Outlook, By Cloud Connectivity (2021-2030) ($MN)      
30 Global Biometric Vehicle Access System Market Outlook, By Mobile App Integration (2021-2030) ($MN)      
31 Global Biometric Vehicle Access System Market Outlook, By Security Protocols (2021-2030) ($MN)      
32 Global Biometric Vehicle Access System Market Outlook, By Distribution Channel (2021-2030) ($MN)      
33 Global Biometric Vehicle Access System Market Outlook, By OEM Integration (2021-2030) ($MN)      
34 Global Biometric Vehicle Access System Market Outlook, By Aftermarket Solutions (2021-2030) ($MN)      
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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