Automotive biometric vehicle access system: Key market research findings
- Vulnerabilities in the existing keyless entry system to spur market growth
- EMEA to dominate the market geographically
- Key vendors – BioEnable, Techshino, Miaxis, Nymi, and Sonavation
Technavio’s market research analysts predict the global automotive biometric vehicle access system market to grow at a CAGR of almost 20% between 2016 and 2020. The growth of this market is augmented by the presence of vulnerability in existing keyless entry systems. Even though the security offered by keyless entry systems is better than mechanical keys, simple hacking devices can be used to hack the communication between the vehicle and keyless entry systems. During 2015, EMEA dominated the global automotive biometric vehicle access system market with a market share of 51%. Factors such as the presence of global automobile manufacturers in the region, such as BMW, Audi, Mercedes-Benz, and Volkswagen, increasing R&D initiatives, and the rise in organized crime in the region are expected to fuel growth in the automotive biometric vehicle access system market in EMEA in the coming years.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Recently, there has been an increase in the adoption of automatic vehicle identification system in transit junctions. Threats from organized crime and the increasing number of mass-scale terrorist threats are triggering an upsurge in the adoption advanced automatic vehicle identification (AVI) systems that not only identify the vehicle but also the credentials of the driver. The adoption of these systems is the highest in countries such as France, Germany, and the US,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
The rapid increase of electronic content per vehicle and the penetration of biometric technology in various other industries are some trends that will positively influencing growth in the global automotive biometric vehicle access system market during the estimated period. The growing use of automotive electronics is resulting in the increased use of biometrics in the automotive space. Furthermore, consumers are demanding more features for the same price in response to higher a bargaining power and low product differentiation.
The key vendors in the market include BioEnable, Techshino, Miaxis, Nymi, and Sonavation. The global automotive biometric vehicle access system market is still in its nascent stage and the adoption of biometrics in the automotive domain may pose a few challenges for the vendors. As the automotive industry is cost sensitive and requires higher quality and process certifications compared to other industries, vendors are expected to explore cost-effective measures to cater to the volume-based automotive industry.
A more detailed analysis is available in the Technavio report, Global Automotive Biometric Vehicle Access System Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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