Home Press Releases Automotive Biometrics Market Size Worth $695.43 Million By 2028 | CAGR: 19.2%

Automotive Biometrics Market Size Worth $695.43 Million By 2028 | CAGR: 19.2%

The global automotive biometrics market size is expected to reach USD 695.43 million by 2028 according to a new study by Polaris Market Research. The report Automotive Biometrics Market Share, Size, Trends, Industry Analysis Report, By Type (Hardware, Software), By Scanner (Fingerprint Scan, Voice Recognition, Face Recognition, Others), By Sales Channel (OEMs, Aftermarket), By Vehicle (Passenger Car, Commercial Vehicles); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increase in demand for safety and developments in an automotive vehicle, along with the increased production of autonomous and connected vehicles, are the few factors encouraging the demand for the global industry. With the increased implementation of biometrics in electronic devices, the applications of automotive biometrics in vehicles have also been gaining significant traction in recent years. However, the adoption of this technology has been constrained to the premium vehicle segment, while in recent years, its usage has also entered into the general personal vehicle segment on account of its better vehicle security and other accessibility benefits.

 

North America is accounting for the leading position in terms of market share across the world, owing to the rising government support to promote vehicle safety and security, along with the wide presence of automotive biometric vendors in the region. Whereas Asia-Pacific is projected to register the highest growth rate, owing to an increasing number of motor vehicle companies, growing demand for autonomous and connected vehicles, and developing technological infrastructure.

 

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Major participants such as ASSA ABLOY AB, BioEnable Technologies Pvt, CMI TECH., Continental AG, Crossmatch Technologies, Fingerprint Cards AB, fujitsu limited, Hitachi, Ltd., Methode Electronics, Nuance Communications, Safran S.A, SecuGen Corporation, Synaptics Incorporated, Voxx International Corporation, ZKTECO CO., LTD. are some of the key players operating in the global industry.

 

The key players are likely to emphasize developing their product line and undertake expansion by acquiring business and technologies to mark their global footprint in the unreached market. For instance, in June 2021, Toyota Motor North America (TMNA) unveiled the next-generation multimedia system to provide the best in-car user experience. Similarly, in May 2021, AirBoss of America Corp. completed the acquisition with BlackBox Biometrics, Inc.

 

Polaris Market Research has segmented the automotive biometrics market report on the basis of type, scanner, sales channel, vehicle, and region:

 

Automotive Biometrics, Type Outlook (Revenue – USD Million, 2016 – 2028)

  • Hardware
  • Software

Automotive Biometrics, Scanner Outlook (Revenue – USD Million, 2016 – 2028)

  • Fingerprint Scan
  • Voice Recognition
  • Face Recognition
  • Others

Automotive Biometrics, Sales Channel Outlook (Revenue – USD Million, 2016 – 2028)

  • OEMs
  • Aftermarket

Automotive Biometrics, Vehicle Outlook (Revenue – USD Million, 2016 – 2018)

  • Passenger Car
  • Commercial Vehicles

Automotive Biometrics, Regional Outlook (Revenue – USD Million, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Netherland
    • Spain
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Australia
    • Indonesia
    • South Korea
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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