Global Biometric Vehicle Access System Market Size, Share and Trends Analysis Report, By Type (Fingerprint Recognition System, Voice Recognition System, and Others), By Vehicle Type (Passenger Cars and Electric Cars), Forecast Period (2022-2028)

The global biometric vehicle access system market is anticipated to grow at a CAGR of 13.8 % during the forecast period (2022-2028). The rapid development of technology for fast verification and a high-quality easy-to-use security system will accelerate the biometric vehicle access market demand during the forecast period. The design standards specified by the International Organization for Standardization and the International Electrotechnical Commission ensure system performance leading to improved performance. It is related to proprietary data security and threats arising from the increase in the electronic component in the vehicle will limit the biometric vehicle access market. However, system malfunctions leading to system failures and false verification will limit the acceptance of technology during the forecast period.

In addition, the biometric vehicle access system technology is easy to use, reliable, and efficient. The programs are especially popular with well-known car companies such as Mercedes-Benz, BMW, Ford, and Volkswagen. The models adopt the technology of access to biometric vehicles to find better ways to strengthen their vehicle safety and security system. These investments by players in the market is expected to fuel the market growth during the forecast period.

The biometric vehicle access system includes a few access tests to ensure the most secure and authorized controls. After passing these tests, the biometric access control system allows the user to start the car engine. Voice verification, fingerprints, hand geometry, and retina/iris/face detection are the various types of biometric vehicle access systems available on the market. Additionally, design standards such as the Bio API enable the system to register and verify ownership properly. Continuous technological development opens the door to growth for manufacturers to provide a reliable and efficient assurance system. Reducing production and installation costs is a major challenge for industry participants. The electronic components and complexity of the design increase the cost of the entire system leading to less acceptance among cost-sensitive consumers.

Some major players in the market include Hitachi Ltd., HID Global Corp., Nuance Communications Inc., Synaptics Inc., and VOXX International Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance,

• In September 2021, Genesis announced that it will begin rolling out its own “Face Connect” technology, allowing vehicles to recognize human faces and open and close doors without using a smart key.
• In September 2018, Hyundai Motor Company announced the world’s first smart fingerprint technology that allows drivers to not only unlock doors but also start the vehicle. Hyundai plans to implement the technology initially in Santa Fe SUV model that is to be released in select markets on the first quarter of 2019.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Vehicle Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Hitachi Ltd., HID Global Corp., Nuance Communications Inc., Synaptics Inc., and VOXX International Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Biometric Vehicle Access System Market Report by Segment

By Type

• Fingerprint Recognition System
• Voice Recognition System
• Others

By Vehicle Type

• Passenger Cars
• Electric Vehicles

Global Biometric Vehicle Access System Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa