Rapid Growth of Biometric Vehicle Access Market Driven by Multi-Modal Biometrics Advanceme

"The biometric vehicle access market is expected to see rapid growth in the next few years, driven by the rise in autonomous and shared mobility, regulatory emphasis on vehicle security, advancements in multi-modal biometrics, influence of electric and connected vehicles, and expansion into mainstream vehicle segments.

The growth in the forecast period can be attributed to the increasing need for secure and convenient vehicle access systems. Biometric vehicle access systems provide secure, individualized methods for vehicle entry, making them an effective deterrent against theft.

According to the National Insurance Crime Bureau, monthly vehicle thefts consistently exceeded 75,000, with over 1 million vehicles stolen in 2022, reflecting a 7% increase from 2021. This rise in car theft incidents will drive the growth of the biometric vehicle access market.

Key players are innovating with barrier-free biometric verification systems. For instance, IDEMIA launched OneLook Gen2 and MorphoWave TP in March 2023, offering precise biometric matching and remote capture to enhance security and convenience.

The biometric vehicle access market is segmented by technology, authentication technology, and vehicle type. By technology, the market is divided into iris recognition, face recognition, and others. By authentication technology, the market is divided into fingerprint recognition, voice recognition, hand geometry, and others. By vehicle type, the market is divided into passenger cars, battery electric vehicles, and others.

Top companies operating in the biometric vehicle access market include Continental AG, Hyundai Mobis Co. Ltd., 3M Company, Fujitsu Ltd., NEC Corporation, NXP Semiconductors NV, Hella KGaA Hueck & Co., Visteon Corporation, IDEMIA Group, Gentex Corporation, Synaptics Inc., HID Global Corporation, VOXX International Corporation, SRI International Inc., Shenzhen Goodix Technology Co. Ltd., ZKTeco Co. Ltd., Egis Technology Inc., Fingerprint Cards AB, Suprema Inc., Sonavation Inc., IriTech Inc., BIO-key International Inc., Green Bit S.p.A., SecuGen Corporation, and IDEX Biometrics ASA.

The Business Research Company is a leading market research and consulting services provider. It offers over 9,500 market reports across 27 industries in 60+ geographies, providing detailed insights and forecasts. Its customised research solutions support companies in making critical decisions, while its continuous research service enhances organizational capabilities.

Information 

The Business Research Company is a market research and consulting services provider that offers over 9,500 market reports across 27 industries in 60+ geographies.

IDEMIA is a leading provider of biometric verification systems, offering precise biometric matching and remote capture to enhance security and convenience.

Keywords  biometric vehicle access market, iris recognition, face recognition, fingerprint recognition, voice recognition, hand geometry, autonomous and shared mobility, vehicle security, multi-modal biometrics.

"Q: What is the expected growth rate of the biometric vehicle access market?

A: The biometric vehicle access market is expected to grow at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2028.

Q: What are the key technologies used in the biometric vehicle access market?

A: The key technologies used in the biometric vehicle access market include iris recognition, face recognition, fingerprint recognition, voice recognition, and hand geometry.

Q: What is the main driver of the biometric vehicle access market?

A: The main driver of the biometric vehicle access market is the increasing need for secure and convenient vehicle access systems.

Q: Who are the top companies operating in the biometric vehicle access market?

A: Top companies operating in the biometric vehicle access market include Continental AG, Hyundai Mobis Co. Ltd., 3M Company, Fujitsu Ltd., NEC Corporation, NXP Semiconductors NV, Hella KGaA Hueck & Co., Visteon Corporation, IDEMIA Group, Gentex Corporation, Synaptics Inc., HID Global Corporation, VOXX International Corporation, SRI International Inc., Shenzhen Goodix Technology Co. Ltd., ZKTeco Co. Ltd., Egis Technology Inc., Fingerprint Cards AB, Suprema Inc., Sonavation Inc., IriTech Inc., BIO-key International Inc., Green Bit S.p.A., SecuGen Corporation, and IDEX Biometrics ASA.

Q: What is the expected market size of the biometric vehicle access market in 2028?

A: The biometric vehicle access market is expected to grow to $24.08 billion in 2028."