Automotive Biometric Identification Market Share, [Trends], and Forecast: USD 2.84 Billion [11.4% CAGR]
The Global Automotive Biometric Identification Market is experiencing significant growth, driven by factors such as increasing security concerns, advancements in biometric technology, and the rising adoption of connected vehicles. According to TechSci Research, the market is projected to grow from USD 1.5 billion in 2022 to USD 2.84 billion by 2028, at a compound annual growth rate (CAGR) of 11.4%. The increasing penetration of smart vehicles equipped with advanced digital interfaces and IoT connectivity has also contributed to the rapid expansion of this market. Biometric authentication is becoming a vital component in modern automotive security solutions, offering users seamless, secure, and personalized vehicle access and control. Automotive Biometric Identification Market Dynamics Growing Security Concerns The rising incidents of vehicle theft worldwide have heightened consumer awareness regarding automotive security. Biometric identification systems...