FB pixel

Technavio report forecasts global automotive biometric market 2017-2021

 

Technavio published a new report titled “Global Biometric Market in the Automotive Sector, 2017-2021”, which forecasts that the market will grow steadily during the next four years and see a CAGR increase of more than 19 percent by 2021.

The report states that one of the main growth drivers of the market is the vulnerability in existing keyless entry systems in which criminals use hacking devices to break into vehicles.

To combat this, automotive original equipment manufacturers (OEMs), suppliers, and keyless entry system manufacturers are expected to invest in advanced technologies such as biometrics for vehicle access over the next four years.

The report also finds that EMEA will lead other geographical regions to become the major revenue contributor to the market throughout the next forecast period.

Other major market drivers include the presence of major automotive manufacturers such as BMW, Audi, Mercedes-Benz and Volkswagen in Europe as well as the demand for sophisticated design and advanced features in automotive technologies from countries in the Middle East.

The market is characterized by the presence of a considerable number of biometric system manufacturers and is competitive. The evolution of biometric technology has resulted in its application in several other functionalities other than vehicle security systems.

The report says that the strong competition among the industry’s players is driving automotive companies to offer features that will provide a more personalized experience for drivers, resulting in the increased demand for biometrics including voice and facial recognition.

Biometric vendors are continuously increasing their R&D efforts to commercialize the usage of biometric systems in automobiles while automotive OEMs continue to develop advanced technologies to introduce innovative products that will serve the industry’s changing needs, according to the report.

To acquire advanced technologies and enter new industry verticals, several biometric companies have also begun implementing mergers and acquisition strategies.

The report identifies the market’s leading vendors as BioEnable, Miaxis, Sonavation, Synaptics and Techshino, as well as highlights other prominent vendors including BIODIT, DENSO, EyeLock, Fingerprint Cards, Fujitsu, HID Global, IriTech, KeyLemon, NEC, Nuance, Olea Sensor Networks, Safran, and VOXX International.

The low-cost of fingerprint scanners is driving automotive companies to incorporate their vehicles with this technology, fueling market growth in the consumer vehicle segment.

The report estimates that the consumer vehicle segment dominated the market during 2016 as the increasing preference for advanced technology features is compelling automotive manufacturers to offer biometrics-enabled safety features in their premium vehicles.

At last month’s CES show, several firms demonstrated integrated biometrics technology for vehicle authentication including: Continental’s fingerprint and facial recognition technology for vehicle personalization and authentication; Delta ID and Gentex’s iris-based in-car biometrics system that authenticates the driver and delivers customized security and convenience features, and; Chrysler’s new Portal concept minivan with biometric technology.

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News

 

Reach of Musk, DOGE’s federal data access sets off privacy, security alarms

Led by tech billionaire Elon Musk and a shadowy team believed to be under his control, the United States DOGE…

 

Mobile driver’s licenses on the cusp of ‘major paradigm shift’

More entities have integrated the California mobile driver’s license (mDL) credential for identity verification. Although just 15 states have introduced…

 

Gesture-based age estimation tool BorderAge joins Australia age assurance trial

Australia’s age assurance technology trial is testing the new biometric tool that performs age estimation based on hand gestures. The…

 

European AI compliance project CERTAIN launches

The pan-European project to create AI compliance tools CERTAIN has kicked off its work, with the goal of making European…

 

Signaturit Group acquiring Validated ID for undisclosed sum

Spain-based digital identity and electronic signature provider Validated ID is being acquired by Signaturit Group, a European company offering identity…

 

South Africa will invest in DPI, says President

South Africa is planning to invest in digital public infrastructure (DPI) , including the launch of a national digital identity…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events