Global Biometric in Automotive Market Growth (Status and Outlook) 2023-2029

Global Biometric in Automotive Market Growth (Status and Outlook) 2023-2029

Automotive Biometrics is an electronic device utilized for identification and authentication in vehicles for number of applications mainly, vehicular access, ignition switch, vehicle immobilizer, rationalization, and health monitoring.

LPI (LP Information)' newest research report, the “Biometric in Automotive Industry Forecast” looks at past sales and reviews total world Biometric in Automotive sales in 2022, providing a comprehensive analysis by region and market sector of projected Biometric in Automotive sales for 2023 through 2029. With Biometric in Automotive sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biometric in Automotive industry.

This Insight Report provides a comprehensive analysis of the global Biometric in Automotive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biometric in Automotive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Biometric in Automotive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biometric in Automotive and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biometric in Automotive.

The global Biometric in Automotive market size is projected to grow from US$ 455.8 million in 2022 to US$ 734.7 million in 2029; it is expected to grow at a CAGR of 7.1% from 2023 to 2029.

One trend in market is need or user-friendly features in rapidly expanding car infotainment system. It is seen that in-car electronics generated more problems for users of cars from Cadillac, Ford, and Honda. The majority of the respondents reported frustrations while using car infotainment systems. We estimate that the use of biometric voice systems can be a solution to ameliorate problems associated with operating car infotainment systems such as car audio, communications, or navigation functions. This should offer better convenience to users. Biometric voice systems are built within the in-vehicle infotainment system and help the user to interact with the system. A major factor that drives the growth of the automotive biometric vehicle access system market is the high rate of accuracy as it asks for biological evidences such as fingerprint scan, face & others, hence, increasing the level of safety. Biometric access system does not ask for passwords, which makes it difficult to be hacked or stolen. Moreover, hackers cannot easily track down the passwords as the access is given on the owner’s recognition. In addition, biometric vehicle systems are easier and faster with respect to the operating pace. Some of the car manufacturers such as Ford, BMW, Mercedes-Benz, and Volkswagen plan to incorporate the biometric system in the cars for the safety and convenience of the customers.

This report presents a comprehensive overview, market shares, and growth opportunities of Biometric in Automotive market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Fingerprint Scan
Voice Recognition
Face Recognition
Others

Segmentation by application
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BioEnable
Miaxis
Sonavation
Synaptics
Techshino

Please note: The report will take approximately 2 business days to prepare and deliver.