How large is the finger print vehicle access market, and what is its growth trajectory?
The finger print vehicle access market size has grown strongly in recent years. It will grow from $1.59 billion in 2024 to $1.72 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to a rise in concerns over vehicle theft, a rise in integration with connected car technologies, an increasing focus on personalization in vehicles, increasing urbanization, and a rise in the adoption of electric vehicles.
The finger print vehicle access market size is expected to see strong growth in the next few years. It will grow to $2.36 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rising investments in vehicle security, increasing awareness of cybersecurity threats, growing vehicle production, growing demand for vehicle safety, and increasing consumer preference for convenience. Major trends in the forecast period include technological innovations, enhanced biometric accuracy, integration with mobile apps, focus on data privacy, and autonomous vehicles.
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What have been the primary factors driving the finger print vehicle access market’s growth?
Growing vehicle production is expected to propel the growth of the fingerprint vehicle access market going forward. Vehicle production is rising due to a surge in demand fueled by rapid economic development, ongoing urbanization, a growing consumer class, and supportive industry regulations and policies. Fingerprint vehicle access systems enhance vehicle production by providing a more secure access method, reducing theft risk compared to traditional keys or key fobs, and significantly improving both security and user experience. For instance, in May 2023, according to the International Organization of Automobile Manufacturers, a France-based trade association, global motor vehicle production increased from 84.83 million in 2022 to 93.55 million in 2023. Therefore, growing vehicle production is driving the growth of the fingerprint vehicle access market.
What are the key segments within the finger print vehicle access market?
The finger print vehicle access market covered in this report is segmented –
1) By Type: Fingerprint Opens The Door, Fingerprint Ignition
2) By Vehicle: Passenger Car, Battery Electric Vehicle
3) By Application: Door, Steering Wheel, Car Mirror, On Board
Subsegments:
1) By Fingerprint Opens The Door: Biometric Door Lock System, Keyless Entry via Fingerprint, Passive Fingerprint Recognition for Door Unlocking
2) By Fingerprint Ignition: Fingerprint-Based Engine Start Systems, Biometric Start Or Stop Button, Secure Ignition Control Via Fingerprint Authentication
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Which key players are shaping the finger print vehicle access market?
Major companies operating in the finger print vehicle access market are Qualcomm Technologies Inc., NEC Corporation, Thales Group, IDEX Biometrics ASA, Synaptics Incorporated, Japan Display Inc., Suprema Inc., Goodix Technology Inc., ELAN Microelectronics Corporation, CrucialTec Co. Ltd., M2SYS Technology, Anviz Global Inc., Fingerprint Cards AB, Mantra Softech India Pvt. Ltd., CMOS Sensor Inc., ID3 Technologies, Touch Biometrix Ltd., Egis Technology Inc., Next Biometrics Group ASA, Focaltech Systems Ltd., Sonavation Inc., Vkansee Technology Inc.
How will emerging trends drive the finger print vehicle access market throughout the forecast period?
Major companies operating in the fingerprint vehicle access market are developing innovative technologies, such as biometric authentication, to enhance vehicle security and user convenience. Biometric authentication is a security process that uses unique biological characteristics to verify an individual’s identity. For instance, in November 2023, Eagle Eye Defence, a South Africa-based security company, developed an affordable biometric security system for vehicles that uses fingerprint authentication to start the car engine. The system scans the user’s fingerprint and only allows authorized users to start the vehicle, providing increased security over traditional keys and preventing unauthorized access and theft. The fingerprint security system is connected to the vehicle’s ignition system via a microcontroller. When a fingerprint is scanned, the system checks if the user is authorized and starts the engine only for approved users. Multiple users can be registered as authorized users in the system.
How do regional factors impact the finger print vehicle access market, and which region is the largest contributor?
Europe was the largest region in the finger print vehicle access market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the finger print vehicle access market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Finger Print Vehicle Access Market Report 2025 Offer?
The finger print vehicle access market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Fingerprint vehicle access refers to a biometric security system that allows entry to vehicles using the unique fingerprint of an authorized user. This technology scans and verifies fingerprints against stored templates to grant or deny access, enhancing vehicle security by replacing traditional keys or codes with a more secure and personalized method.
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