Biometric Vehicle Access Systems Market is Expected to Cross $2.5Bn by 2032

The Biometric Vehicle Access Systems Market is set to grow from its current market value of more than $664.2 million to over $2.5 Billion by 2032; as reported in the latest study by Global Market Insights, Inc.

The increasing adoption of electric vehicles (EVs) is expected to boost the industry growth. With the global automotive landscape shifting towards sustainable transportation, the integration of advanced technologies, including biometric access systems is significantly rising. EV manufacturers prioritize cutting-edge features and biometric systems to offer secure and convenient access to vehicles. Furthermore, for advancing the automobile sector, several market players are creating novel solutions by integrating state-of-the-art technology with aesthetically pleasing designs, propelling the market growth. For instance, in January 2024, Continental launched the Face Authentication Display for setting a new benchmark for vehicle access management using enhanced biometric user recognition.

In terms of application, the biometric vehicle access systems industry from the keyless entry systems segment generated substantial revenue in 2023 and is likely to depict notable growth through 2032. The integration of biometrics into keyless entry systems offers improved vehicle security and convenience. Biometric verification methods, such as fingerprint and facial recognition provide seamless and secure access, in replacing traditional key fobs. The rising demand for advanced and user-friendly access solutions in modern vehicles coupled with the increasing adoption of smart and connected technologies will foster the industry expansion.

The facial recognition segment in the biometric vehicle access systems market is projected to witness high demand between 2024 and 2032, owing to its accuracy and high speed. The integration of facial recognition technology in vehicle access systems helps enhance security and convenience for users. Automakers are prioritizing advanced and contactless access solutions, further contributing to the growing acceptance of facial recognition owing to its seamless authentication process for unlocking doors and starting vehicles. Additionally, the increasing consumer demand for sophisticated and secure features will drive the market demand.

APAC biometric vehicle access systems market crossed $255 million in 2023, attributed to the technological advancements, rising automotive sales, and an increasing focus on security. The growing awareness among consumers about advanced vehicle security solutions and the surge in affordability are fueling the adoption of biometric access systems. Additionally, the increasing government emphasis on stringent security measures coupled with the growing concerns about vehicle theft and the greater need for seamless and convenient access will further accelerate the regional market expansion.

Some of the major firms operating in the biometric vehicle access systems market are BioKey International, Inc., VOXX International Corporation, Fujitsu Ltd, NEC Corporation, Antolin, Hitachi Ltd, Thales Group, Synaptics Incorporated, Fingerprints AB, and Biometric Vox. These companies are focusing on continuous advancements in fingerprint recognition, facial recognition, and other biometric technologies to offer more accurate and reliable vehicle access systems. For instance, in March 2022, EyeLock LLC, a subsidiary of VOXX International Corporation, introduced the NanoAccess™ access control system, featuring several biometric features.

Source: https://www.gminsights.com/industry-analysis/biometric-vehicle-access-market