The global automotive biometric vehicle access system market to grow at a CAGR of 19.55% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global automotive biometric vehicle access system market 2016-2020. To calculate the market size, the report considers the revenue generated from sale of biometric vehicle access systems at OEM level.
Biometrics include methods to execute measurements based on human biology. Such technologies work to identify physical parameters, such as voice, fingerprint or palm print, iris structure, and typing rhythm. The automotive industry has explored biometric technologies over the past few years in a bid to enhance the functionality and security aspects of automobiles. Typically, the application of biometric technologies in the automotive domain includes vehicle access, ignition permissions, anti-theft systems, and on-board communication programs.
Increasing adoption of automatic vehicle identification system in transit junctions will be a noteworthy trend in this market. Threats from organized crime and the increasing number of mass scale terrorist threats encouraged governments and law enforcement agencies across the world to implement advanced automatic vehicle identification (AVI) systems that not only identify the vehicle but also the credentials of the driver.
According to the report, one driver spurring growth in this market is the presence of vulnerabilities in existing keyless entry system. Traditionally, vehicles were equipped with conventional mechanical keys to lock or unlock vehicle doors. The advent of electronic keyless entry systems changed the situation drastically because vehicle access is now linked to electromagnetic frequency and communication wavelengths. The adoption of keyless entry systems drastically reduced vehicle thefts.
Further, the report states that rising cost pressures on OEMs will hamper market growth during the forecast period. Automotive OEMs face humongous cost pressures due to dynamic regulations that govern several components within a vehicle. Stringent emission norms, the need for heavy investments in R&D programs, market competition, and evolving customer demands add to rising cost pressures. Biometric technologies remain in nascent stages (with respect to the automotive industry) and therefore, expensive, for OEMs that want to offer such technologies in entry-level vehicle segments.