Biometric vehicle access market is anticipated to grow at a CAGR of 14.0% during the forecast period. Biometric vehicle access system technology is easy to use, reliable, and efficient. The programs are especially popular with well-known car companies such as Mercedes-Benz, BMW, Ford, and Volkswagen. The models adopt the technology of access to biometric vehicles to find better ways to strengthen their vehicle safety and security system. The growing numbers of automobile systems are incorporating biometric doors based on fingerprint technologies, enabling drivers to restrict, control, and track usage of their vehicles which is propelling the growth of the market during the forecast period. For instance, in December 2018, Hyundai Motor Co. announced smart fingerprint technology that will allow drivers to not only unlock doors, however, also start the vehicle. Furthermore, the technology also provides a customized driving environment such as matching information of driver preference with fingerprint data, automatically adjusting seating positions, connected car features and setting side-view mirror angles.

Segmental Outlook 

The global biometric vehicle access market is segmented based on the type and vehicle type. Based on the type, the market is segmented into fingerprint recognition systems, voice recognition systems, iris recognition systems, and face recognition systems. Based on the vehicle type, the market is further bifurcated into conventional vehicles and electric vehicles. Among the vehicle type, the electric vehicle is expected to contribute to the market growth during the forecast period. The growing demand for driverless and electric cars along with the growing preference among customers for automated security functions in electric vehicles are likely to drive the market during the forecast period.

The fingerprint recognition system is expected to hold a lucrative market share in the biometric vehicle access market during the forecast period. Using a fingerprint recognition system offers convenience to the users unlocking a vehicle. The popularity and familiarity of fingerprint recognition among users are now pushing automobile makers to evaluate use cases for the technology in passenger cars which is expected to drive the market growth during the forecast period. For instance, in September 2018, Fingerprints, a biometrics company, launched its first AEC-Q100 compliant biometric capacitive fingerprint sensor, meeting rigorous automotive industry standards. Automakers are keen to integrate biometric-based driver authentication into vehicles to improve vehicle security, and cabin personalization, and securely authorize in-vehicle payments. Moreover, this launch is an important step in bringing the benefits of biometric solutions to the automotive industry which is supporting the market growth during the forecast period. 

Regional Outlook

The global biometric vehicle access market is further segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. The North American region is expected to hold a prominent share in the biometric vehicle access market during the forecast period. The region is rapidly adopting technologically advanced systems coupled with the presence of several market players such as Nymi, Inc., Nuance Communications, Inc., and Synaptics Inc., among others, which is accelerating the growth of the market. 

Global Biometric Vehicle Access Market Growth, by Region 2022-2028

Asia-Pacific to Witness Significant Share in the Global Biometric Vehicle Access Market During the Forecast Period

Asia-Pacific region is expected to hold a considerable market share in the market during the forecast period. The growing technological innovations are expected to support the growth of the market during the forecast period. The market players in the countries such as India, China, Japan, and South Korea are developing advanced safety features which are anticipated to boost the market growth. For instance, China-based company ZKTeco offers extra advanced features for safety such as 3D structured light facial recognition, finger vein recognition, 3-in-1 palm recognition, visible light facial recognition, and others. The company’s newest generation of palm recognition technology is fully upgraded in all aspects in terms of recognition method, which combines palm, palm print, and palm vein recognition. 

Market Players Outlook

The major companies serving the global biometric vehicle access market include Safran S.A., Hitachi Ltd., and Fujitsu Ltd., among others. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2020, HiPhi a vehicle company, part of Human Horizons, introduced facial recognition and the first NT Door system for touch-free entry on its HiPhi X. Owners can open their car through facial recognition, smart key, smartphone ID, and can also use the HiPhi app for remote unlocking. HiPhi X has implemented a Human Oriented Architecture (HOA), which consists of six “super brain” domain controllers, connected by 1G Ethernet, over 500 sensors, and a 5G-V2X technology network.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global biometric vehicle access market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.