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Biometric vehicle access system is a technological equipment developed for automatically accessing the vehicle and is preferred by various automotive companies across the world. This system is based on physiological and behavioural characteristics and is used to verify and recognize the manual access for better anti-theft protection, comfort and safety for car owners. It is a user-friendly, convenient and reliable technology for monitoring and identifying the user. The system involves few access tests that verifies the authorized controls. After clearing these tests, the system permits the user to start the engine of the vehicle. The rising need for higher efficiency, accuracy and extra protection in vehicles are encouraging the automotive manufacturers to install biometric access system in vehicles. There are various versions in this system such as the voice verification, finger print recognition, hand geometry, iris or retina recognition and face recognition. Moreover, the automotive companies are adopting this technology to fulfil the safety and security demand of customers as well as to maintain their dominance in the industry. The biometric vehicle access system is majorly adopted by the renowned automotive brands such as Mercedes-Benz, Volkswagen, BMW, and Ford to strengthen the safety and security systems in their vehicles.
Key Market Driver -
rise in the demand for safety and security systems in vehicles is expected to drive the growth of the market in the future period.
Key Market Restraint -
High cost of technology, complexity in operating the system as well as potential failure of electric components may hinder the growth of this market.
Globally, the biometric vehicle access system market is segmented by type, by vehicle type and by geographic coverage. By type, the segment is further divided into finger print recognition system and voice recognition system. The finger print recognition system segment holds the largest share of the global market owing to its high reliability and easy operation. Fingerprints of people are never same, they differ from each other. Therefore, the probabilities of fraud in the fingerprint recognition system is lesser as compared to the voice recognition system. There are more chances that the voice of two people can be the same which can lead to fraud. Moreover, the prominent automotive companies such as Mercedes-Benz, BMW, Volkswagen, etc. deploy fingerprint recognition system in their luxury vehicles which ultimately boosts the growth of the biometric vehicle access system market across the globe. Furthermore, the rapid development and innovation of technologically advanced safety and security features in vehicles is creating high demand in the automotive industry. The development of retina or iris and face recognition system is expected to propel the market growth of biometric vehicle access system owing to the increasing demand for enhanced safety and security features. By vehicle type, the market is further divided into passenger cars and electric vehicles. The passenger car segment holds the maximum share of the global market. Also, the rise in the urbanization, improvement in the standard of living, developing infrastructures and the rise in the income level of people are the foremost factors that are propelling the number of vehicles across the world. Moreover, the rising safety and security concerns among people are encouraging the manufacturers to install biometric vehicle access system in cars which is expected to fuel the growth of the market.
Major players operating in the global biometric vehicle access system market include Hitachi, Ltd., Synaptics Incorporated., Nuance Communications, Inc., HID Global Corporation, Safran and VOXX International Corp. among others.
Geographically, the biometric vehicle access system market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe holds the largest share of the global market owing to the presence of prominent automotive companies in this region. The automotive industry in this region rapidly adopting technologically advanced systems which is fuelling the growth of the market. Asia Pacific is expected to show an exponential growth in the global market owing to the high volume of sales and production of vehicles in this region. Moreover, the rapid development and innovation of technologies by the automotive industry is propelling the growth of biometric vehicle access system in the region. The developing and developed economies such as India, China, Japan, and South Korea have been investing a high amount in the automotive industry to develop advanced safety features in vehicles which is projected to propel the biometric vehicle access system market in this region.
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