Finger Print Vehicle Access Market Report 2024

The fingerprint vehicle access market size has grown strongly in recent years. It will grow from $1.47 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth during the historic period can be attributed to several factors, including rising concerns over vehicle theft, greater integration with connected car technologies, an increasing focus on vehicle personalization, increasing urbanization, and the growing adoption of electric vehicles.

The fingerprint vehicle access market size is expected to see strong growth in the next few years. It will grow to $2.51 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. Growth in the forecast period can be attributed to rising investments in vehicle security, increased awareness of cybersecurity threats, growing vehicle production, higher demand for vehicle safety, and a rising consumer preference for convenience. Major trends expected during this period include technological innovations, enhanced biometric accuracy, integration with mobile apps, a focus on data privacy, and the development of autonomous vehicles.

The increase in vehicle production is expected to drive the growth of the fingerprint vehicle access market in the future. Vehicle production is on the rise due to a surge in demand driven by rapid economic development, ongoing urbanization, a growing consumer class, and supportive industry regulations and policies. Fingerprint vehicle access systems enhance vehicle production by providing a more secure access method, reducing the risk of theft compared to traditional keys or key fobs, and significantly improving both security and user experience. For example, according to the International Organization of Automobile Manufacturers, a France-based trade association, global motor vehicle production increased from 84.83 million in 2022 to 93.55 million in 2023. Therefore, the growing vehicle production is driving the growth of the fingerprint vehicle access market.

Leading companies in the fingerprint vehicle access market are developing innovative technologies, such as biometric authentication, to enhance vehicle security and user convenience. Biometric authentication is a security process that uses unique biological characteristics to verify an individual's identity. For instance, in November 2023, Eagle Eye Defence, a South Africa-based security company, developed an affordable biometric security system for vehicles that uses fingerprint authentication to start the car engine. The system scans the user's fingerprint and only allows authorized users to start the vehicle, providing increased security over traditional keys and preventing unauthorized access and theft. The fingerprint security system is connected to the vehicle's ignition system via a microcontroller. When a fingerprint is scanned, the system checks if the user is authorized and starts the engine only for approved users. Multiple users can be registered as authorized users in the system.

In September 2022, Harman International, a US-based audio electronics company, acquired CAARESYS for an undisclosed amount. With this acquisition, Harman aims to strengthen its position in automotive technology by integrating CAARESYS' in-cabin radar sensing expertise, enhancing vehicle safety and autonomous driving capabilities. CAARESYS is an Israel-based company specializing in contactless vital sign-sensing technology.

Major companies operating in the finger print vehicle access market are Qualcomm Technologies Inc., NEC Corporation, Thales Group, IDEX Biometrics ASA, Synaptics Incorporated, Japan Display Inc., Suprema Inc., Goodix Technology Inc., ELAN Microelectronics Corporation, CrucialTec Co. Ltd., M2SYS Technology, Anviz Global Inc., Fingerprint Cards AB, Mantra Softech India Pvt. Ltd., CMOS Sensor Inc., ID3 Technologies, Touch Biometrix Ltd., Egis Technology Inc., Next Biometrics Group ASA, Focaltech Systems Ltd., Sonavation Inc., Vkansee Technology Inc.

Europe was the largest region in the finger print vehicle access market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the finger print vehicle access market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the finger print vehicle access market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Fingerprint vehicle access is a biometric security system enabling vehicle entry through the unique fingerprint of an authorized user. This technology scans and verifies fingerprints against stored templates to grant or deny access, providing a more secure and personalized method than traditional keys or codes.

There are two main types of fingerprint vehicle access, fingerprint door access and fingerprint ignition. Fingerprint door access allows car doors to be unlocked using fingerprint recognition. The system scans the fingerprints of the car owner or authorized users, providing entry without the need for traditional keys or key fobs. This technology is used in various vehicles, including passenger cars and battery electric vehicles, and is applied to doors, steering wheels, car mirrors, and onboard systems.

The fingerprint vehicle access market research report is one of a series of new reports that provides fingerprint vehicle access market statistics, including fingerprint vehicle access industry global market size, regional shares, competitors with a fingerprint vehicle access market share, detailed fingerprint vehicle access market segments, market trends, and opportunities, and any further data you may need to thrive in the fingerprint vehicle access industry. This fingerprint vehicle access research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The fingerprint vehicle access market consists of revenues earned by entities by providing services such as installation services, customization services, software updates, security services, and integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. The fingerprint vehicle access market also includes sales of biometric control units, touchscreen interfaces, integrated access systems, and retrofit kits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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