Automotive Biometric Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Component (Hardware, Software); Technology (Fingerprint recognition, Voice recognition, Iris recognition, Facial recognition); Sensor Type (Optical Sensor, Retinal Sensor, CMOS Fingerprint Sensors); Vehicle type (Passenger Cars, Commercial Vehicle); Sales Channel (OEMs and Aftermarket); Regions and Country

Published:

Dec-2021

Pages:

263

Table:

68

Figure:

127

Report ID:

UMAU21569

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Automotive Biometric Market 2
Automotive Biometric Market 2

Automotive Biometric is expected to witness CAGR growth of more than 34% during the forecast period 2021-2027. Ever changing automotive industry is propelling the major automakers to equipped vehicles with innovative technology to offer high personalized vehicle experience. Rising demand for electric and driverless cars paired with growing adoption of sensor-based technology in the vehicles are enhancing the demand for Biometric technology in automotive sector. Furthermore, rising usage of text to speech and Natural language processing-based technology along with biometrics is expected to drive the market in near future. Moreover, with upcoming IRIS recognition and facial recognition technology which is expected to boost the authentication system in the vehicles would provide ample growth opportunities for the Automotive Biometrics suppliers operating in the market. Furthermore, growth in the number of vehicle theft is further expected to increase the demand with biometric system for vehicle security. In 2018, New Zealand had the highest car theft rate worldwide, with 1,172 occurrences per 100,000 inhabitants. Other countries with the highest car theft rate were Uruguay, Italy, and the United States.

Car theft rate, selected countries worldwide in 2018

Automotive Biometric Market 3
Automotive Biometric Market 3

Insights Presented in the Report

“Amongst Type, Software segment would witness significant growth”

Based on Component, the Automotive Biometric Market is segmented into Hardware, Software. Currently, hardware segment is expected to dominate the market, however the software segment is expected to witness significant growth during the analysis period. As per the Credit Suisse, global shipment of fingerprint sensing systems increased by 200 million units in the last 3 years and is expected to reach more than 1.1 billion units in 2020.

“Amongst Technology, Fingerprint recognition segment dominates the market in 2020”

Based on Technology, the Automotive Biometric Market is bifurcated into Fingerprint recognition, Voice recognition, Iris recognition, Facial recognition. In 2020, Fingerprint recognition segment dominated the market with more than 80% share and is expected to maintain its dominance throughout the forecast period. However, Voice recognition, Iris recognition segments are expected to witness increased adoption during the forecast period.

“Amongst Sensor Type, CMOS Fingerprint Sensors dominates the market”

Based on Sensor type, the Automotive Biometric Market is bifurcated into Optical Sensor, Retinal Sensor, CMOS Fingerprint Sensors. CMOS Fingerprint Sensors dominates the market. With the ongoing advancement of technology, the automotive sector is leading the integrate fingerprint recognition technology for improving vehicle safety, this is expected to drive the market for the segment.

“Amongst Vehicle Type, Passenger Cars segment dominates the market”

Based on Vehicle type, the market is segmented into Passenger Cars, Commercial Vehicle. Currently, biometric system is majorly deployed in passenger cars, owing to its increased adoption in luxury vehicle segment. However, increasing safety and security concern would propel the Commercial Vehicle owners to deploy advanced biometric solutions in their fleet.

“Amongst Sales Channel, OEMs segment dominates the market”

Based on Sales channel, the Automotive Biometric Market is bifurcated into OEMs and Aftermarket. OEMs segment dominated the market in 2020. However, Aftermarket segment is expected to witness significant growth during the forecast period. Growing concern related to safety and security of vehicle and drivers are propelling the automotive OEMs to deploy advanced biometric technology in their vehicle.

“Asia-Pacific is expected to witness significant growth during the forecast period”

For a better understanding of the demand of Automotive Biometric, the market is analyzed for major regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific); and Rest of World. Europe dominates the market in 2020, however, Asia-Pacific is expected to witness significant growth during the forecast period. Countries such as China, India, Thailand are expected to be major market for vehicle products, which is expected to drive for demand for technological advanced products in the automotive sector. Some of the major players operating in the market include Robert Bosch, Continental AG, Synaptics Incorporated, OSRAM Licht AG, Nuance Communications, Inc., Fingerprints Cards AB, Hitachi, Ltd., Safran S.A, Fujitsu Limited, IDEX Biometrics.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Automotive Biometric Market
2.2.Research Methodology of the Automotive Biometric Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Automotive Biometric Market Study

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY
5AUTOMOTIVE BIOMETRIC MARKET COVID-19 IMPACT

 

6AUTOMOTIVE BIOMETRIC MARKET REVENUE (USD BN), 2019-2027F
7.1.Hardware
7.2.Software
8.1.Fingerprint recognition
8.2.Voice recognition
8.3.Iris recognition
8.4.Facial recognition

 

9.1.Optical Sensor
9.2.Retinal Sensor
9.3.CMOS Fingerprint Sensors
10.1.Passenger Cars
10.2.Commercial Vehicles
11.1.OEMs
11.2.Aftermarket

 

12.1.North America
 12.1.1.US
 12.1.2.Canada
 12.1.3.Rest of North America
12.2.Europe 
 12.2.1.Germany
 12.2.2.UK
 12.2.3.France
 12.2.4.Italy
 12.2.5.Rest of Europe
12.3.Asia-Pacific
 12.3.1.China
 12.3.2.Japan
 12.3.3.India
 12.3.4.Australia
 12.3.5.Rest of Asia-Pacific
12.4.Rest of World

 

13.1.Market Drivers
13.2.Market Challenges
13.3.Impact Analysis
14AUTOMOTIVE BIOMETRIC MARKET OPPORTUNITIES

 

15AUTOMOTIVE BIOMETRIC MARKET TRENDS
16LEGAL & REGULATORY FRAMEWORK

 

17.1.Demand Side Analysis
17.2.Supply Side Analysis
 17.2.1.Top Product Launches
 17.2.2.Top Business Partnerships
 17.2.3.Top Business Expansions
 17.2.4.Top Merger and Acquisitions
18VALUE CHAIN ANALYSIS
19.1.Competitive Landscape
 19.1.1.Company Shares, By Revenue

 

20.1.Robert Bosch
20.2.Continental AG
20.3.Synaptics Incorporated
20.4.OSRAM Licht AG
20.5.Nuance Communications, Inc.
20.6.Fingerprints Cards AB
20.7.Hitachi, Ltd.
20.8.Safran S.A
20.9.Fujitsu Limited
20.10.IDEX Biometrics
21DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future of the Automotive Biometric were the three major steps undertaken to create and analyze the demand and sales of the technology globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted, with industry experts across the value chain of the industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below.

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Automotive Biometric through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Automotive Biometric, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are component, technology, sensor type, vehicle type, sales channel. Further regional level analyses were conducted to evaluate the overall demand of Automotive Biometric in global context.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size. Further, we conducted factor analysis using dependent and independent variables such as growing demand for safety and security of vehicle and drivers, growth in sales of luxury vehicles, and technological advancement in the automotive sector etc. Historical trends and their year-on-year impact on the market size and share was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Market, and market shares of the segments and company. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the demand of Automotive Biometric across the major regions globally
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Automotive Biometric Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Automotive Biometric Market 1
Automotive Biometric Market 1

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Automotive Biometric market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of component, technology, sensor type, vehicle type, sales channel, and region.

The main objective of the Automotive Biometric Market Study

The current & future market trends of the Automotive Biometric Market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Automotive Biometric in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments of the industry
  • Segments in the study include component, technology, sensor type, vehicle type, sales channel, and Regions
  • Defined analysis of the regulatory framework for the Automotive Biometric industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors pertaining to the industry
  • Major regions analyzed in the report include North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific); and Rest of World. Define and analyze the competitive landscape of the Automotive Biometric sector and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry