Automotive Biometric Market is Projected to Witness 12% CAGR by 2025.Global Automotive Biometric Market Information Report: Information by Technology (Fingerprint Scan, Voice Recognition, Face Recognition and others), By Vehicle Type (Passenger Car and commercial vehicle), by Application (Vehicle Security System, Driver Safety System and Advanced Steering and Infotainment) and by Region (North America, Asia-Pacific, Europe and Rest of the World) - Forecast to 2025
Global Automotive Biometric Market Overview
An automotive biometric system is used for identification and authentication in vehicles for various automotive applications. The biometric technologies can authenticate, recognize, and identify persons' physical and behavioural characteristics. It also helps improve safety and the driving experience. Furthermore, automotive biometric is considered to be a key technology that can be further improved with the growth of autonomous vehicles.
The Automotive Biometric Market is expected to grow with a CAGR of 12% over the forecast period 2019-2025, and the global automotive biometric market size is expected to reach USD 1,128 Million by 2025.
Growing deployment of safety features in vehicles e, growing concern regarding driver and vehicle safety, stringent regulations regarding biometric identification systems, and rapid adoption of automotive biometric system in passenger and commercial vehicles in as China, India, and other emerging economies are some of the key factors driving this market. The growing development in autonomous and connected vehicles and rising demand for safety features and convenience is set to accelerate the growth of this market during the study period.
By technology, the global market is segmented into voice recognition, face recognition, fingerprint scan, and others. By vehicle type, the market is segmented as passenger car and commercial vehicle. By application, the global market is segmented as a vehicle security system, driver safety system, and advanced steering and infotainment.
In terms of region, the global market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America automotive biometric market is estimated to have the largest share of the market due to the stringent government regulations regarding driver and vehicle safety in the US and Canada. Moreover, the changing consumer preference towards vehicle safety and security and the rising purchasing power of people in these countries are expected to boost the demand for automotive biometric in this region. Additionally, the rapid industrialization and infrastructure development, across the region drives the growth of this market. Additionally, higher vehicle production in the region coupled with significant presence of OEMs and availability of service and solution providers such as Synaptics Incorporated, Methode Electronics, and Nuance Communications, which are developing the automotive biometric system by considering safety and convenient features as prominent factor to increase the adoption of automotive biometric system in this region.
Europe is estimated to grow at a significant rate in the automotive biometric market during the forecast period owing to the presence of key players such as Safran S.A, Fingerprint Cards AB, and VOXX International. Germany is expected to witness the largest market share due to the growing sales of vehicles and growing research and development activities by the major players.
Asia-Pacific is expected to witness significant growth in the automotive biometric market during the forecast period due to strong economic growth along with growing sales of vehicles and major manufacturers are expanding their presence in this region.
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