The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the biometric vehicle access industry?
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.
Biometric Vehicle Access Market Driver: Elevating The Luxury Driving Experience And Riding The Wave Of Increasing Demand
Increasing demand for luxury vehicles is anticipated to drive the future growth of the biometric vehicle access market. Luxury vehicles are passenger automobiles built by recognized luxury automakers that provide above average to high-end comfort, features, and equipment. Biometric access systems in luxury vehicles offer a seamless and personalized experience by enabling owners to unlock and start the vehicles effortlessly while automatically adjusting seat positions, climate control, and entertainment preferences. For instance, according to Bayerische Motoren Werke AG, a Germany-based luxury vehicle company, BMW brand sales in the U.S. totaled 101,738 vehicles in Q4 2022, a 9.4% increase from the 93,031 vehicles sold in the fourth quarter of 2021. Hence, the growing desire for luxury vehicles is fueling the expansion of the biometric vehicle access market.
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What is the estimated market size of the biometric vehicle access sector by 2029, based on current forecasts?
The biometric vehicle access market size has grown rapidly in recent years. It will grow from $14.17 billion in 2024 to $16.33 billion in 2025 at a compound annual growth rate (CAGR) of 15.3%. 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 $27.59 billion in 2029 at a compound annual growth rate (CAGR) of 14.0%. 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.
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#Who are the top players 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
#What are the major trends in the biometric vehicle access market?
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.
Which geography holds the highest biometric vehicle access market share?
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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How do different segments contribute to the overall expansion of the 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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What defines the structure and scope of the biometric vehicle access market?
Biometric vehicle access refers to a security and authentication system that utilizes biometric technology to grant individuals access to a vehicle. It involves the measurement and analysis of a person’s unique physical or behavioral characteristics to confirm their identity, ensuring that only authorized individuals can enter or operate a vehicle.
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