Global Biometric Market in the Automotive Sector 2017-2021

Overview of the global biometric market in the automotive sector

Market research analysts at Technavio predict that the global biometric market in the automotive sector will grow steadily during the next four years and post a CAGR of more than 19% by 2021. This market research analysis identifies the vulnerability in existing keyless entry systems as one of the primary growth factors for this market. The adoption of keyless entry systems was believed to significantly reduce vehicle thefts. However, the use of simple hacking devices was sufficient to help organized crime operators break into the vehicles. This vulnerability will induce automotive original equipment manufacturers (OEMs), suppliers, and keyless entry system manufacturers to invest in advanced technologies, in turn, propelling the adoption of biometrics for vehicle access over the next four years.

This market research and analysis estimates that in terms of geographical regions, EMEA will be the major revenue contributor to the market throughout the forecast period. The presence of major automotive manufacturers such as BMW, Audi, Mercedes-Benz, and Volkswagen in Europe and the demand for sophisticated design and advanced features in automotive technologies from the countries in the Middle East, will be major factors driving market growth in this region.

Competitive landscape and key vendors

The market is characterized by the presence of a considerable number of biometric system manufacturers and is highly competitive. The intense competition among players in the automotive industry is inducing automotive companies to offer features that will provide a more personalized experience for drivers, resulting in increased demand for biometrics including voice and facial recognition. To commercialize the usage of biometric systems in automobiles, vendors are continuously increasing their R&D efforts. Additionally, automotive OEMs are also working on advanced technologies to introduce innovative products that will serve the evolving needs of the industry.

According to this biometrics system market analysis research report, the evolution of biometric technology has resulted in its application in several other functionalities other than vehicle security systems. To acquire advanced technologies and enter new industry verticals, several biometric companies have started following mergers and acquisition strategies. For instance, HID Global recently acquired the multispectral fingerprint technology maker Lumidigm, which will aid HID Global in strengthening its offerings in the healthcare and financial sectors.

The leading vendors in the market are -

• BioEnable
• Miaxis
• Sonavation
• Synaptics
• Techshino

The other prominent vendors in the market are BIODIT, DENSO, EyeLock, Fingerprint Cards, Fujitsu, HID Global, IriTech, KeyLemon, NEC, Nuance, Olea Sensor Networks, Safran, and VOXX International.

Segmentation by technology and analysis of the biometric market in the automotive sector

• Fingerprint biometrics
• Voice recognition
• Facial recognition
• Iris recognition

During 2016, the fingerprint biometrics segment dominated this market. The low-cost of finger print scanners is inducing automotive companies to incorporate this technology in their vehicles thereby fueling market growth in this segment. One of the leading automotive manufacturers Mercedes-Benz, has recently included this technology in their S-Class model which enables the owner to start the car through fingerprint recognition. This will have a positive impact on the biometric system market size and growth.

Segmentation by end-user and analysis of the biometric market in the automotive sector

• Consumer vehicle
• Commercial vehicle

This biometrics system market study estimates that the consumer vehicle segment will dominate the market during 2016. The increasing preference of high-net-worth individuals towards sophisticated and advanced technology features is compelling automotive manufacturers to offer advanced safety features in their premium vehicles using biometric systems. As a result, this segment will continue to dominate the market throughout the forecast period as well.

Key questions answered in the report include

• What will the biometric market in the automotive sector size and the growth rate be in 2021?
• What are the key factors driving the global biometric market in the automotive sector?
• What are the key biometric market in the automotive sector trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global biometric market in the automotive sector?
• What are the market opportunities and threats faced by the vendors in the global biometric market in the automotive sector?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global biometric market in the automotive sector?