The biometric vehicle access market size will grow at a CAGR of 14.06% between 2023- 2030, states the recent Market Research Future (MRFR) analysis. Biometric technology, simply put, is a system that is based on psychological and behavioral characteristics and is used for recognition and verification of manual access.
This system is a reliable, user-friendly, and convenient monitoring and
identification method. Hand geometry, voice recognition, and fingerprint are
the different types of biometric vehicle access systems that work on different
technologies such as face recognition and iris recognition. It is mostly
used in battery electric vehicles and passenger cars.
Various factors are propelling the global biometric vehicle access
market growth. According to the recent MRFR report, such factors include the
changing automotive industry, burgeoning need for driverless and electric cars,
rising applications of sensor-based technology, upcoming IRIS recognition
systems, and growing development in the voice recognition technology and
fingerprint recognition technology.
Besides, demand for high security and authentication, environmental
regulations, changes in government policies, and intense competition are also
boosting the market growth.
On the contrary, risk of cybersecurity, uncertainty, moderate training
and attentiveness, and the impact of the current COVID-19 pandemic may impede
the global biometric vehicle access market growth over the forecast
period.
Biometric Vehicle Access Market Key Players
- Safran S.A (France)
- Hitachi Ltd. (Japan)
- Fujitsu Ltd. (Japan)
- Fingerprint Cards Ab
- Methode Electronics
- Synaptics Incorporated
- Voicebox Technologies
- Voxx International
- Hid-Global
Biometric Vehicle Access Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global
biometric vehicle access market based on vehicle type, technology, and
type.
By type, the global biometric vehicle access market is segmented into
hand geometry, voice recognition, and fingerprint. Of these, the voice
recognition segment will lead the market over the forecast period.
By technology, the global biometric vehicle access market is segmented
into face recognition and iris recognition. Of these, the iris recognition
segment will dominate the market over the forecast period.
By vehicle type, the global biometric vehicle access market is segmented
into battery electric vehicle and passenger car. Of these, the passenger car
segment will spearhead the market over the forecast period.
Biometric Vehicle Access Market Regional Analysis
By region, the global biometric vehicle access market share covers the growth
opportunities and recent trends across Europe, North America, the Asia Pacific
(APAC), & the Rest of the World (RoW). Among these, Europe will lead the
biometric vehicle access market during the forecast period.
Advanced technologies being adopted in the automotive industry,
technological advancements, and rising innovations are adding to the global
biometric vehicle access market growth in the region.
In the APAC region, the global biometric vehicle access market is
predicted to grow at a fast pace over the forecast period and at a high CAGR.
Cost-effective, rising vehicle production, technological advances, and the rise
in modernization are adding to the global biometric vehicle access market
growth in the region. Besides, a rise in disposable income, and a growing
demand for consumer appliances and vehicles are also adding market
growth.
In North America, the global biometric vehicle access market is
predicted to have healthy growth over the forecast period.
In the Rest of the World, the global biometric vehicle access market is
predicted to have sound growth over the forecast period. The booming automobile
industry is adding to the global biometric vehicle access market growth in the
region.
Biometric Vehicle Access Market Segmentation
By Authentication Type
- Finger Print
- Voice Recognition
- Hand Geometry
By Technology
- Iris Recognition
- Face Recognition
By Vehicle Type
- Passenger Car
- Battery Electric Vehicle
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