Automotive Biometric Identification Systems Market to Grow at 17% CAGR until 2024

Increasing demand for vehicle security and safety, technological advancements and advancements in future mobility solutions, to drive global automotive biometric identification market through 2024

According to TechSci Research report, “Global Automotive Biometric Identification Market By Technology, By Sensor Type, By Vehicle Type, By Region, Competition, Forecast & Opportunities, 2024”, the global automotive biometric identification systems market is expected to register a CAGR of over 17% during 2019 – 2024, owing to increasing demand for biometric identification for safety and security in vehicles, especially in passenger cars. Moreover, growing demand for premium / luxury cars, backed by increasing focus on security and safety, is propelling growth of global automotive biometric identification systems market. Emerging trends, such as advanced vehicle biometrics, self-driving cars, electrification and automotive cyber security are compelling component manufacturers to develop biometric identification products in a bid to remain competitive in the fast changing automotive industry.

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Global automotive biometric identification systems market can be segmented based on vehicle type, sensor type and technology. Facial recognition is the dominant segment in the automotive biometric identification systems market, owing to their high penetration in various in-vehicle biometric identification systems. In terms of sensor type, the market can be segmented into Optical, Retina and CMOS. Though the cost of some of these sensors is high, but their deployment is increasing in order to fulfil growing security needs across the world. In terms of vehicle type, passenger car segment acquired the major share in the global automotive biometric identification systems market in 2019, and the segment is expected to maintain its dominating market position in the coming years as well.  

Continental AG, Robert Bosch GmbH, Fujitsu Limited, OSRAM Licht AG, Synaptics Incorporated, Precise Biometrics AB, Nuance Communications, Inc., Fingerprints Cards AB, etc., are the leading players operating in the global automotive biometric identification systems market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their market penetration. With rising awareness regarding enhanced access management and superior user experience of biometric authentication systems over the last few years, the automotive biometric identification systems manufacturers are focusing on equipping more cars with advanced and accurate biometric identification systems.

“With growing demand for connected and self-driving vehicles, globally, a rising number of auto players are now integrating biometric systems in the vehicles to provide features like biometric locking/unlocking of vehicle, driver identification, easy access to vehicle infotainment system and to offer an additional level of security with advanced biometrics for driver safety. Moreover, rising customer acceptance for advanced safety and security features is expected to make the vehicle biometric identification systems available in all segments of cars in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Automotive Biometric Identification Market By Technology, By Sensor Type, By Vehicle Type, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of automotive biometric identification systems market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global automotive biometric identification systems market.

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