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What fueled the previous growth in the biometric vehicle access market?

There has been a swift expansion in the biometric vehicle access market size over the past few years. The market, valued at $14.17 billion in 2024, is projected to escalate to $16.33 billion in 2025, registering a compound annual growth rate (CAGR) of 15.3%. The substantial growth during the historical period is linked to factors such as enhanced security measures against theft, increased demand in the luxury vehicle segment, customer inclination towards convenience, requirements of corporate fleet management, and integration with intelligent car features.

What will be the biometric vehicle access market size in the future?

In the next few years, the biometric vehicle access market is predicted to experience significant growth, reaching a market value of $27.59 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 14.0%. The expansion within the predictive period can be attributed to elements such as the surge in autonomous and shared mobility, regulations prioritizing vehicle security, advancements in multi-modal biometrics, the impact of electric and connected vehicles, and wider market penetration into mainstream vehicle segments. Key trends within this forecasted period will revolve around the enhancement of anti-spoofing security features, personalization and recognition of driver profiles, the implementation of biometrics in car-sharing and mobility services, prioritizing privacy and data security compliance, and research and advancements in behavioral biometrics.

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What main drivers are fueling expansion in the biometric vehicle access market?

The increasing incidents of car theft are anticipated to propel the expansion of the biometric vehicle access market. Unauthorized procurement of someone else’s vehicle amounts to car theft, a crime that these biometric systems can effectively deter. Biometric access offers individuals a highly secure method to enter their cars, providing a significant shield against car theft. For instance, the US-based National Insurance Crime Bureau reported in March 2023 that there were over 75,000 instances of national vehicle theft per month, totalling over one million stolen vehicles in 2022, marking a 7% rise from the previous year. As such, the escalating instances of car theft are propelling the growth of the biometric vehicle access market.

Biometric Vehicle Access Market Driver: Enhancing The Luxurious Driving Experience And Capitalizing On The Rising Demand

What key areas define the segmentation of the global biometric vehicle access market?

The biometric vehicle access market covered in this report is segmented –

1) By Technology: Iris Recognition, Face Recognition

2) By Authentication Technology: Fingerprint Recognition, Voice Recognition, Hand Geometry

3) By Vehicle Type: Passenger Car, Battery Electric Vehicle

Subsegments:

1) By Iris Recognition: Fixed Iris Scanners, Mobile Iris Scanners

2) By Face Recognition: 2D Face Recognition, 3D Face Recognition, Thermal Face Recognition

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Who are the dominant players expanding their reach in the biometric vehicle access market?

Major companies operating in the biometric vehicle access market report are 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, IDEX Biometrics ASA

How are evolving market trends shaping biometric vehicle access Strategies?

Leading businesses in the biometric vehicle access market are prioritizing the creation of novel solutions such as barrier-less biometric verification in order to offer dependable services to their clientele. This technology uses biometric authentication procedures to give unimpeded and secure access, eliminating the need for physical barriers, tokens or other gadgets. As an illustration, in March 2023, IDEMIA, a software development firm based in France, introduced OneLook Gen2 and MorphoWave TP, enabling precise biometric matching and distant capturing of face and iris on a single gadget. OneLook Gen2 has a host of uses, inclusive of border regulation and smart boarding, aiming to make travel safer and more hassle-free for commuters. Furthermore, the MorphoWave TP system, which captures ten fingerprints, facilitates contactless capture whilst on the move, using all four digits and the thumb simultaneously.

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Which regions are emerging as leaders in the biometric vehicle access market?

Europe was the largest region in the biometric vehicle access market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biometric vehicle access market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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