Biometric Vehicle Access Systems Market to Surge to $3.3 Billion by 2030, Driven by 10% CAGR in Fingerprint Scan Segment
10 Oct 2023
DUBLIN, Oct. 10, 2023 /PRNewswire/ -- The "Biometric Vehicle Access Systems - Global Strategic Business Report" report has been added to
ResearchAndMarkets.com's offering.
The global Biometric Vehicle Access Systems market is set for substantial growth, with a projected value of US$3.3 billion by 2030, experiencing a noteworthy CAGR of 9.7% during the forecast period of 2022-2030.
The Fingerprint Scan segment is expected to lead this growth, recording a robust CAGR of 10% and reaching US$1.9 billion by the end of the analysis period. Meanwhile, the Voice Recognition segment is estimated to experience a 9.4% CAGR for the next 8-year period.
Key Highlights:
Market Expansion: The Biometric Vehicle Access Systems market, valued at US$1.6 billion in 2022, is on track for exponential growth. The rising demand for advanced vehicle access solutions, coupled with the integration of biometric technologies, is driving this expansion.
Regional Trends: China is forecasted to lead the market with a projected value of US$642.4 million by 2030, experiencing an impressive CAGR of 12.9%. Other significant markets include Japan and Canada, each projected to grow at 8.4% and 9.8% CAGR, respectively, from 2022 to 2030. In Europe, Germany is expected to grow at approximately 8.3% CAGR.
Key Competitors: The report provides insights into the competitive landscape with 75 featured competitors, including Fujitsu Ltd., Denso Corporation, Ford Motor Company, General Motors Company, Continental AG, Bioenable Technologies Pvt., Ltd., EyeLock LLC, BioSec Group Ltd., Aware, Inc., Biocom Control & Attendance, Asura Technologies Ltd., Gatekeeper Security, Fingerprint Cards AB (Fingerprints), BY Techdesign S.L., and Allion Labs, among others.
As the automotive industry continues to advance, biometric vehicle access systems are poised to play a pivotal role in enhancing security and convenience for vehicle owners.
What`s New?
Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
Progress on Vaccinations: Why Should Businesses Care?
With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
Competitive Scenario
Automakers Join Hands with Wearable Providers to Tap Biometrics
Biometric Vehicle Access Systems - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Global Market Prospects & Outlook
World Market for Biometric Vehicle Access Systems by End-Use (2021 & 2027): Percentage Breakdown of Revenues for Passenger Cars, and Commercial Vehicles
Automotive Applications to Get Remarkable Facelift with Biometrics
Analysis by Technology
World Market for Biometric Vehicle Access Systems by Technology (2021 & 2027): Percentage Breakdown of Revenues for Fingerprint Scan, Voice Recognition, Other Technologies
Regional Analysis
World Biometric Vehicle Access Systems Market (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
World Biometric Vehicle Access Systems Market - Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Middle East, Africa, Canada, Latin America, USA, Europe, and Japan
Biometrics Technology and Types: A Prelude
Comparative Analysis of Various Biometric Technology Traits
Fingerprint Recognition: Reliable Technology with Varied Applications
Voice Recognition Technology: Continues to Gain Popularity
Iris Biometrics: Uniqueness of Human Iris Holds Tremendous Potential as an Identification Technology
Hand Geometry: Another Promising Biometric Authentication Technology
An Introduction to Biometric Vehicle Access Systems
Advantages of Vehicle Biometrics
Standard Vehicle Access Systems
Automotive Biometrics Poised to Inevitably Gain More Relevance for Better Experience
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Pandemic Impact on the Automotive Industry
Several Downsides Marr Outlook for 2022
Semiconductor Chip Shortages & Its Induced Production Woes Add to Market Nervousness
Global Light Vehicle Production (In Million Units) for Years 2019 Through 2025F
Car Production YoY % Growth Across Major Regional Markets in 2020
Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021E
Russia-Ukraine War Has the Automotive Industry on Edge
Automotive Industry Exhibits Inclination towards Use of Biometrics Systems
Biometrics Emerges to be the Future of Vehicle Access Control Systems
Global Connected Vehicle Shipments (In Million Units) for the Years 2019, 2021 and 2023
Vehicle Access Control Systems Grow in Significance as the Number of Cars Stolen Each Year Increases: Vehicle Thefts (In 000 Vehicles) in the United States for the Years 2019 through 2022
Motor Vehicle Theft in the United States by Area Type as of the Year 2022
Technology Trends Influencing the Market Dynamics
Contactless Fingerprint Systems to Drive Opportunities
Fingerprint Reader-based Vehicle Access: Makes Perfect Sense over Others for High-Risk Security Areas
3D Fingerprint Scanners Evolve as a More Accurate Technology
Voice Recognition Technology to Drive Gains
Growing Role of Voice Recognition Technology in Cars
Key features of Voice Assistance Systems for Automobiles
With Autonomous Cars Concept Gaining Strength, Role of Voice Recognition to Find Increased Acceptance
Global Autonomous Vehicle Sales (In Million) for Years 2020, 2025 & 2030
Iris Recognition Gains Marked Adoption across Diverse Verticals
Select Innovations in Iris Biometrics Technology
Select Innovations & Advancements
Biometrics Appears to Bid Adieu to Traditional Vehicle Access Approaches
Biometrics to Uplift Security & In-Car Experience
Data Security Concerns
Automotive Security & Access Control Technology Gets Turbo-Charged with Biometrics
Biometrics for Automotive Applications
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8u9340
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