The global automotive biometrics market value was US$ 676 million in 2020. The global automotive biometrics market is forecast to reach US$ 3849 million by 2030, growing at a compound annual growth rate (CAGR) of 19% during the forecast period from 2021-2030.
The Automotive Biometrics system is an electronic device used for identification and authentication in vehicles for a number of purposes including, vehicular access, ignition switches, vehicle immobilizers, rationalization, and health monitoring. There are a variety of biometric systems, including fingerprint scanners, facial recognition, voice recognition, and others.
Factors Influencing Market Growth
? The high accuracy rate is a significant factor behind the growth of the automotive biometrics market, which requires biological evidence like fingerprints, faces, & others, therefore increasing security and safety.
? Security management is necessary for both developed and developing economies to protect themselves from unknown entities like theft or other disturbing activities. Biometric technology companies aim to penetrate emerging markets. Hence, providing new opportunities within the automotive biometrics market.
? The high installation costs of biometric devices may slow down the growth of the global automotive biometrics market.
Impact Analysis of COVID-19
Globally, the COVID-19 pandemic affected communities, countries, and societies under severe pressure. Due to the global spread of the pandemic (COVID-19), automakers were experiencing difficulties managing their production and supplies of components on the international market. The pandemic has led to further declines in automobile production globally. The European Automobile Manufacturers Association estimates that production losses caused by factory shutdowns amounted to approximately 2,446,344 motor vehicles. There has been a drastic reduction in the usage of automotive biometric systems due to low automotive production and disruptions in the supply chain. It has led to a significant decrease in the automotive biometrics market.
Regional Insights
In 2020, North America held dominance in the global automotive biometrics market with a significant revenue share. The growing use of automotive biometrics for passenger cars and commercial vehicles. Also, foreign manufacturers are likely to become a part of North America's mainstream automotive biometrics industry, especially in the United States and Canada. Due to the extensive number of automotive parts suppliers and the increasing number of vehicles in the region, these factors are responsible for the high adoption of the global automotive biometrics market.
Over the forecast period, the Asia Pacific is forecast to see significant growth. In Asia's emerging economies, such as China, India, and Malaysia, the growth of the GDP and the presence of automobile manufacturers create a high demand for automotive biometrics. Additionally, Asian countries are also likely to provide significant growth opportunities for automotive biometric manufacturers due to the massive production and sale of vehicles in these countries, which are low in cost and maintenance.
Leading Competitors
The leading prominent companies profiled in the global automotive biometrics market are:
? Assa Abloy AB
? BioEnable Technologies Pvt
? Biometrics Research Group, Inc.
? CMI TECH
? Continental AG
? Crossmatch Technologies
? Fingerprint Cards AB
? Fujitsu limited
? Hitachi, Ltd.
? Methode Electronics
? Nuance Communications
? Safran S.A
? SecuGen Corporation
? Synaptics Incorporated
? Voxx International Corporation
? ZKTECO CO., LTD
? Other Prominent Players
Scope of the Report
The global automotive biometrics market segmentation focuses on Type, Scanner, Sales Channel, Vehicle, and Region.
Segmentation based on Type
? Hardware
? Software
Segmentation based on Scanner
? Fingerprint Scan
? Voice Recognition
? Face Recognition
? Others
Segmentation based on Sales Channel
? Original Equipment Manufacturer (OEMs)
? Aftermarket
Segmentation based on Vehicle
? Passenger Vehicles
? Commercial Vehicles
Segmentation based on Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America

Meta Title: Automotive Biometrics Market Share, Size, Insights and Forecast by 2030
Meta Description: The global automotive biometrics market is forecast to reach US$ 3849 million by 2030, growing at a compound annual growth rate (CAGR) of 19% during the forecast period from 2021-2030.
Meta Keywords: Automotive Biometrics Market, Automotive Biometrics Market Share, Automotive Biometrics Market Size, Automotive Biometrics Market Trends, Automotive Biometrics Market Forecast