Categories: Market Research

Biometric Vehicle Access Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Biometric Vehicle Access Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Biometric Vehicle Access Market:

https://www.thebusinessresearchcompany.com/report/biometric-vehicle-access-global-market-report

According to The Business Research Company’s Biometric Vehicle Access Global Market Report 2024, The biometric vehicle access market size has grown rapidly in recent years. It will grow from $12.27 billion in 2023 to $14.17 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%.  The  growth in the historic period can be attributed to security and anti-theft measures, luxury vehicle segment demand, consumer preference for convenience, corporate fleet management needs, integration with smart car features..

The biometric vehicle access market size is expected to see rapid growth in the next few years. It will grow to $24.08 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%.  The growth in the forecast period can be attributed to rise in autonomous and shared mobility, regulatory emphasis on vehicle security, advancements in multi-modal biometrics, influence of electric and connected vehicles, expansion into mainstream vehicle segments.. Major trends in the forecast period include enhanced security features for anti-spoofing, personalization and driver profile recognition, biometric integration in car-sharing and mobility services, focus on privacy and data security compliance, research and development in behavioral biometrics..

The surging occurrences of car theft are expected to propel the growth of the biometric vehicle access market going forward. Car theft is the illegal acquisition of another person’s car without that person’s consent or legal authorization. Biometric vehicle access provides a highly secure and individualized method of vehicle entrance, making it an effective deterrent against vehicle theft. For instance, in March 2023, according to the National Insurance Crime Bureau, a US-based non-profit organization for combating insurance fraud and theft, monthly national vehicle theft consistently exceeded 75,000, with a total of over 1 million vehicles stolen in 2022, marking a 7% increase compared to 2021. Therefore, the surging occurrences of car theft drive the biometric vehicle access market.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=13146&type=smp

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

Major companies operating in the biometric vehicle access market focus on developing innovative solutions, such as barrier-free biometric verification, to provide reliable services to their customers. Barrier-free biometric verification applies biometric authentication techniques to offer easy and secure access without physical barriers, tokens, or other devices. For instance, in March 2023, IDEMIA, a France-based software development company, launched OneLook Gen2 and MorphoWave TP, which provide accurate biometric matching and remote face and iris capture on a single device. OneLook Gen2 offers a variety of applications, including border control and smart boarding, to make traveling safer and more accessible for passengers. Additionally, the ten-fingerprint MorphoWave TP system allows contactless, on-the-go capture while moving, using four fingers and the thumb at once.

The biometric vehicle access market report table of contents includes:

 

  1. Executive Summary
  2. Biometric Vehicle Access Market Characteristics
  3. Biometric Vehicle Access Market Trends And Strategies
  4. Biometric Vehicle Access Market – Macro Economic Scenario
  5. Global Biometric Vehicle Access Market Size and Growth

.

.

.

  1. Global Biometric Vehicle Access Market Competitive Benchmarking
  2. Global Biometric Vehicle Access Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Biometric Vehicle Access Market
  4. Biometric Vehicle Access Market Future Outlook and Potential Analysis
  5. Appendix

Top Major Players:

  • Continental AG
  • Hyundai Mobis Co. Ltd
  • Fujitsu Ltd
  • NEC Corporation
  • NXP Semiconductors NV

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company  

Twitter: https://twitter.com/tbrc_info  

Facebook: https://www.facebook.com/TheBusinessResearchCompany  

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ  

Blog: https://blog.tbrc.info/  

Healthcare Blog: https://healthcareresearchreports.com/  

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

15 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

15 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

15 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

15 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

16 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

16 hours ago