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The global automotive biometrics market reached a value of about USD 420.55 million in 2023. The industry is further expected to grow at a CAGR of approximately 16.1% in the forecast period of 2024-2032 to reach a value of around USD 1611.80 million by 2032.
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North America is anticipated to be one of the dominant regions in the global automotive biometrics system industry. This is due to the increasing disposable income of the consumers in the region and consumers' desire to adapt to technologically advanced things, which is projected to drive the demand for automotive biometrics. For example, in November 2019, Nuance Communications, a leading biometrics provider for the automotive industry in the United States, announced that it would spin off its automotive biometrics division, forming Cerence Inc., a separate public company focused solely on the automotive biometrics industry. The firm indicated this approach to acquire a first-mover advantage in creating biometrics for the automobile sector. The automotive industry is a freshly emerging market for biometrics applications in this region. The corporations are positioning and segmenting their biometric offerings for the market strategically.
Europe is likely to have a significant share in the global market for automotive biometrics. The market in Europe is primarily driven by increased concerns about vehicle safety and security and automotive biometrics firms in the region that are progressively partnering and expanding their operations to expand their regional presence. To accelerate the European automotive biometrics industry's competitiveness and preserve its technological infrastructure, the government and automotive companies of Europe support technical harmonisation and provide funding for research and development. Thus, the market demand for automotive biometrics is anticipated to grow.
Due to the increasing demand for vehicles in China, Japan, India, and South Korea, Asia Pacific is also expected to witness higher growth percentages. Automotive biometric systems are used to identify and verify automobiles for improving vehicle safety and comfort. The automotive biometric market is growing in line with rising vehicle sales.
Automotive biometrics are electronic devices used in automobiles for identification and authentication for several functions, such as vehicular access, ignition switch, vehicle immobiliser, rationalisation, and health monitoring. Fingerprint scanners, facial recognition, voice recognition, and other biometric technologies are among the parts of the automotive biometrics industry.
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By type, the market includes:
Based on technology, the market is divided into:
The different types of vehicles are:
The regional markets for the automotive biometrics industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Fingerprint scans, facial and voice recognition, and other biological evidence are so precise that they boost safety and privacy, which is one of the major factors driving the growth of the automotive biometrics industry. The application of biometrics in the automotive industry can be found in a variety of areas, including access control for starting a vehicle using biometric scanners, enabling personalised cars for users to call up playlists, contacts, and preferred apps, and such uses of biometrics in automotive vehicles are expected to grow over the forecast period. Changing lifestyles and increased disposable income have resulted in global demand for luxury automobiles. This increased demand for automotive biometrics in numerous regions is projected to fuel the market expansion over the forecast period. Some car manufacturers, such as Ford, Mercedes-Benz, BMW, and Volkswagen, are aiming to include biometric systems in their vehicles for the safety and convenience of their consumers. The rise of connected cars is hastening the adoption of advanced technologies, such as the Internet of Things, artificial intelligence, and machine learning, thereby augmenting the growth of automotive biometrics globally.
The report gives a detailed analysis of the following key players in the global automotive biometrics industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global automotive biometrics market attained a value of nearly USD 420.55 billion.
The market is projected to grow at a CAGR of 16.1% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 1611.80 billion by 2032.
The major drivers of the market include the increased funding for research and development, rising vehicle sales, increasing application of biometrics in automotive vehicles, changing lifestyles, increased disposable income, the rise of connected cars, and the adoption of advanced technologies.
Increasing demand for vehicle safety and a surge in demand for luxury automobiles are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types are hardware and software.
The market is divided into fingerprint scan, iris recognition, palm recognition, voice recognition, and facial recognition based on technology.
The different types of vehicles are passenger vehicles and commercial vehicles.
The major players in the industry are IRITECH, INC., Fujitsu Limited, Continental AG, and BioEnable Technologies Pvt. Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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