Adoption of biometrics throughout the vehicle

Technavio’s market research predicts that the global biometric market is all set to grow in the automotive sector. From 2017 to 2021, tremendous growth is expected with a compound annual growth rate (CAGR) of 19.27%. Based on in-depth market analysis, industry experts have produced a report covering the landscape and growth prospects most likely to shape the next few years, the global biometric market for the automotive sector 2017-2021.

Both manual keys and electronic keyless entry systems have specific loopholes that make the vehicle vulnerable to theft. Existing vulnerabilities will drive biometrics growth in this sector, and biometrics vehicle access systems will grow significantly over the next few years. Due to the economic slowdown, there has been a temporary demand for automobiles in developed countries over the past few years. However, emerging markets have grown significantly due to increased purchasing power of consumers and strong economic growth. Trade practices are active, especially in the BRIC countries, namely Brazil, Russia, India and China, and several OEMs have entered the market to unlock their potential.

Major Original Equipment Manufacturers (OEMs) and keyless entry system manufacturers are expected to invest in advanced automotive biometrics for vehicle access. Another factor driving that growth is the need for a user-friendly infotainment system. Increasing customer demand for smart innovation is also driving the growth of global automotive biometric systems. Biometric voice systems can be used to correct vehicle problems associated with infotainment systems: navigation, communications, and vehicle audio, thereby facilitating better user interaction with the vehicle system. Biometrics for smartphones also help access and ignite the vehicle.

Geographic segmentation:

• America

• Asia Pacific

• Europe, Middle East, Africa (EMEA)

By the end of 2015, EMEA had nearly 51% of the total market share. It is expected to grow over the next few years, lead other regions and become a major revenue contributor. In addition, the presence of global automotive giants such as Mercedes-Benz, Audi, BMW and Volkswagen makes it one of the largest markets for biometric vehicle access systems.

The report identifies prominent biometric vendors on the market as follows:

• BioEnable

• Texino

• Nimi

• Miaxis

• Synaptics

• Sonovation

• BIODIT

• Denso

• EyeLock

• Nuance

The automotive biometrics market is still explosive and the smooth adoption of biometrics is not as easy as it looks. In a cost-sensitive industry that requires high quality and is characterized by the presence of a large number of biometric manufacturers, prominent vendors are looking for ways to provide a more personalized experience, resulting in biometrics. The demand for access systems is increasing.