Automotive Biometric Market Size - By Component (Hardware, Software), By Scan Type (Fingerprint Recognition, Voice Recognition, Facial Recognition, Palm Recognition, Iris Recognition), By Application, By Vehicle Type & Forecast, 2024 - 2032
Report ID: GMI8703
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Published Date: March 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 18
Tables & Figures: 643
Countries covered: 21
Pages: 200
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Automotive Biometric Market Size
Automotive Biometric Market size was valued at USD 950 million in 2023 and is estimated to register a CAGR of over 16% between 2024 and 2032, due to the increasing integration of biometric authentication in automobiles. Biometric systems provide increased convenience and security by reducing the risk of theft and facilitating easy access to cars. Customers are looking for more sophisticated features in their cars, driving up the demand for biometric systems.
The automobile industry is focused on creating smart and connected vehicles, fueling the adoption of biometric technologies for authentication & customization. For instance, in November 2021, Daimler’s Mobility unit partnered with Visa to use fingerprint scanning to verify secure digital payments from the vehicle, allowing the driver to make purchases without the need for voice commands or PINs. The technology has been rolled out in 2022 in the UK and globally.
The automotive biometric market is expected to expand significantly owing in large part to the increased emphasis on driver monitoring and safety. Biometric systems provide real-time monitoring of a driver's vital signs, level of weariness, and distraction detection to improve overall safety. Regulations that favor Advanced Driver Assistance Systems (ADAS) mandate the inclusion of biometric technologies. These systems provide individualized driving experiences, propelling the demand for biometric solutions in the automobile industry.
Privacy concerns over the acquisition of biometric data are a major challenge faced by the market. Customers are reluctant to divulge their biometric data for fear of improper usage or illegal access. This fear may prevent market growth as consumers prioritize protecting their personal information. To foster the general adoption of biometric technology in automotive applications and develop trust, it is imperative to address these concerns through clear permission mechanisms, strong encryption techniques, and transparent data rules.
Automotive Biometric Market Trends
Modern ADAS incorporates biometric systems as standard equipment to increase driver safety and monitoring capabilities. They adjust settings for individual drivers, detect driver fatigue, and send distraction alarms. This integration highlights the trend toward proactive, cutting-edge car technology that emphasizes individualized interventions and real-time monitoring to improve road safety and the overall driving experience.
Multi-modal biometric systems in automotive applications use fingerprint, iris, and facial recognition to improve accuracy & dependability. This integration improves security by combining various biometric identifiers to provide a strong authentication solution. As automotive technology progresses, there is a growing demand for advanced and integrated biometric authentication solutions, fueling the industry's acceptance of multimodal systems.
Automotive Biometric Market Analysis
Based on scan type, the market is divided into fingerprint recognition, voice recognition, facial recognition, palm recognition, and iris recognition. The fingerprint recognition segment is expected to reach over USD 200 million by 2032.
Based on application, the automotive biometric market is divided into vehicle security system, driver safety system, advanced steering, and infotainment system. The driver safety system segment is expected to register a CAGR of over 18% during the forecast period.
North America automotive biometric market accounted for 35% of the revenue share in 2023. The growing need for sophisticated driver monitoring and safety features in North America is expected to fuel the expansion of the market. Biometric solutions are gaining popularity for driver authentication and monitoring owing to the stricter rules associated with car safety. North America is a major zone for automotive biometrics owing to the region's strong automotive sector, which is further fueled by technological advancements and a focus on improving user experiences.
Automotive Biometric Market Share
Synaptics Incorporated and Continental AG held a significant share of over 15% in the automotive biometric industry in 2023. Synaptics Incorporated is a provider of human interface solutions, specializing in touch, display, and biometric technologies. Synaptics offers fingerprint sensors and authentication solutions for various applications including smartphones, laptops, tablets, and automotive systems. Its biometric offerings focus on providing secure & convenient authentication solutions for consumer electronics and automotive environments.
Continental AG is an automotive supplier offering a range of products and services. It provides ADAS including biometric authentication solutions for vehicle access control and driver monitoring, enhancing safety & security in automotive environments.
Automotive Biometric Market Companies
Major companies operating in the automotive biometric industry are:
Automotive Biometric Industry News
The automotive biometric market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2018 to 2032, for the following segments:
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Market, By Component
Market, By Scan Type
Market, By Application
Market, By Vehicle Type
The above information is provided for the following regions and countries: