Overview and Scope
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.
Sizing and Forecast
The fingerprint vehicle access market size has grown strongly in recent years. It will grow from $1.47 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. 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 fingerprint vehicle access market size is expected to see strong growth in the next few years. It will grow to $2.51 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. 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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market 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.
Key Industry Players
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.
The finger print vehicle access market report table of contents includes:
1. Executive Summary
2. Finger Print Vehicle Access Market Characteristics
3. Finger Print Vehicle Access Market Trends And Strategies
4. Finger Print Vehicle Access Market – Macro Economic Scenario
5. Global Finger Print Vehicle Access Market Size and Growth
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32. Global Finger Print Vehicle Access Market Competitive Benchmarking
33. Global Finger Print Vehicle Access Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Finger Print Vehicle Access Market
35. Finger Print Vehicle Access Market Future Outlook and Potential Analysis
36. Appendix
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