Global Biometric In the Automotive Market 2030 by Offering, Authentication Type, Vehicle Type, Application, And Region - Partner & Customer Ecosystem Competitive Index & Regional Footprints

The Biometric in the Automotive Market size is estimated to grow from USD 1.78 Billion in 2022 to reach USD 5.43 Billion by 2030, growing at a CAGR of 14.97% during the forecast period from 2023 to 2030.

Major players in Biometric in the Automotive Market include Safran (France), NEC Technologies India Private Limited (India), FUJITSU (Japan), Aware, Inc. (U.S.), Gemalto Cogent, Inc. (U.S.), BIO-key International, Inc. (U.S.), Precise Biometrics AB (Sweden), Secunet Security Networks AG. (Germany), Thales Group (France), Cognitec Systems GmbH (Germany), Crossmatch. (U.S.), Fulcrum Biometrics, LLC. (U.S.), Daon (Ireland), Facebanx (U.S.), HID Global Corporation/ASSA ABLOY AB. (U.S.), SUPREMA. (South Korea), IRITECH, INC. (U.S.), and M2SYS Technology (U.S.)

Multi-Factor Authentication for Vehicle Safety

Multi-Factor Authentication has developed as a crucial technology for improving vehicle safety and security, especially when integrated with biometric solutions in the automobile industry. With the rising sophistication of vehicle technologies and the rise of linked cars, it is critical to safeguard vehicles against unauthorized access and cyber threats. When combined with biometric authentication, MFA provides a comprehensive and dependable technique for verifying users' identities before giving access to the vehicle's systems, eliminating potential security breaches and assuring occupant safety. MFA's ability to combine multiple authentication factors, such as something the user knows (like a password or PIN), something the user has (like a smartphone or key fob), and something the user is (biometric traits like fingerprints, facial features, or voice patterns), is one of its key advantages for vehicle safety. MFA greatly improves vehicle security by requiring the presence of numerous factors, making it more difficult for unauthorized individuals to get access.

Additionally, the adoption of biometric MFA in automobiles addresses the issues with traditional authentication techniques. Traditional key-based entry systems or keyless entries with key fobs are less secure since they are vulnerable to theft or cloning. Because biometric MFA eliminates the requirement for physical keys and key fobs, the risk of these vulnerabilities is reduced. However, the adoption of MFA with biometric authentication in the automotive industry confronts several hurdles. One of the most significant issues is the lack of dependable and durable biometric sensors. To provide constant and reliable data acquisition, biometric sensors must be highly precise and resistant to external influences such as changes in illumination or temperature. To increase the accuracy and performance of biometric sensors in automotive applications, research and development efforts are required.

Looking into the future, the automobile industry's adoption of MFA with biometric authentication is likely to increase steadily. Biometric technology advancements, such as enhanced sensors and algorithms, will improve the accuracy and reliability of biometric authentication, reinforcing the security of vehicle access even more. Furthermore, the integration of MFA with upcoming vehicle technologies like autonomous vehicles will be critical in guaranteeing the safe transition of control between the vehicle and the human driver.

Growing Demand for Autonomous Vehicles

The growing demand for self-driving cars is driving the incorporation of biometric technology in the automotive sector, which is redefining the idea of vehicle authentication and occupant safety. The promise of improved safety is one of the key reasons for the increased desire for autonomous vehicles. Human error, which accounts for the bulk of road accidents, is predicted to be considerably reduced by autonomous vehicles. Autonomous vehicles can ensure that only authorized individuals have access to the vehicle's functionality by adding biometric technology, such as facial recognition or iris scanning, into the vehicle's control systems.

Additionally, biometric technology can help to ensure occupant safety in self-driving cars. In-cabin monitoring systems using biometric sensors can continuously monitor the vital signs and facial expressions of the driver or passengers. This information can be utilized to detect indicators of tiredness, attention, or other health conditions, allowing the car to respond properly. For example, if the system detects signs of fatigue, it can notify the driver to take a break or execute a transfer from autonomous to manual mode.

In conclusion, Biometric authentication is a reliable and effective means of authenticating the identity of people who access and interact with autonomous cars. Because of its ability to improve occupant safety, provide a smooth user experience in shared mobility services, and prevent unwanted access, biometric technology is a critical component in the future of autonomous vehicles. As the automobile industry embraces autonomous technology, tackling issues such as standardization, data privacy, and cost will be critical to realizing the full promise of biometric integration and paving the way for a safer and more connected transportation future.

Regional Insight

Biometric technology in the automotive industry is gaining popularity in North America due to a variety of factors. The region's technology improvements combined with a growing emphasis on vehicle security have increased the use of biometric authentication in automobiles. Biometric systems, such as fingerprint recognition, facial recognition, and voice patterns, provide a secure and dependable mechanism for authenticating car occupant identity, preventing unwanted access, and improving overall vehicle safety. Furthermore, the rise of linked and self-driving automobiles in North America has increased the need for biometric technologies to assure safe interactions between human drivers and autonomous systems.

Additionally, the increasing need for individualized driving experiences and convenience has fuelled the incorporation of biometric solutions in automobiles, enabling automatic modifications of vehicle settings based on individual driver profiles. Furthermore, as biometric technology advances, it will play a critical role in molding the future of car safety and security in the region.

The Biometric in the Automotive Market research report provides an in-depth overview of the industry including market segmentation by Offerings, Authentication Type, Vehicle Type, Application, and Region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players concerning each type of market, in-depth market share analysis with individual revenue, market shares, and top players’ rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, plans, and Biometrics in the Automotive Market trends across the world. Also, it splits the market segmentation further to deep dive into research and reveals company profile and prospects.

Major Classifications are as follows:

By Offerings

• Hardware
• Software

By Authentication Type

• Fingerprint Recognition
• Iris Recognition
• Palm Recognition
• Voice Recognition
• Others

By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

By Application

• Vehicle Security
• Health Wellness and Wellbeing
• Advanced Driver Assistance System
• Others

By Region

• North America
• US
• Canada
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia Pacific
• Rest of the World
• Middle East
• UAE
• Saudi Arabia
• Israel
• Rest of the Middle East
• Africa
• South Africa
• Rest of the Middle East & Africa

Reason to Purchase this Biometric in the Automotive Market Report:

• Determine prospective investment areas based on a detailed trend analysis of the global Biometrics in the Automotive Market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different biometrics in the Automotive Market segments in the top spending countries across the world and identify the opportunities each offers.
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels that are driving the global Biometrics in the Automotive Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Biometric in the Automotive Market.
• Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Biometrics in the Automotive Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

This product will be delivered within 3-5 business days.