Biometric Vehicle Access Market is valued at USD 566.2 Million in 2018 and expected to reach USD 1370.5 Million By 2025 with the CAGR of 13.46%
Biometric Vehicle Access Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Growing need to enhance the security level in the vehicles drives the growth of Global Biometric Vehicle Access Market.
Biometric Vehicle Access Market is valued at USD 566.2 Million in 2018 and expected to reach USD 1370.5 Million By 2025 with the CAGR of 13.46% over the forecast period.
Biometric vehicle access system provides a function such as automatic engine starter and driver identification. It also offers better anti-theft protection, improved way of providing safety and convenience to car holders. Similarly, biometric vehicle access is dependent on some biological fundamentals like voice recognition or fingerprints scans, thereby it makes a system work more accurately and difficult to gain access without permission of car owner. Fingerprint recognition is accounted for largest share as it is successfully used in many detection techniques. The scanning of a fingerprint can be identified by the pattern of ridges and furrows. In addition, biometric vehicle access system is a good alternative for effective security solutions.
Biometric Vehicle Access Market report is segmented on the authentication type, future technology, vehicle type and by regional & country level. Based upon type, biometric vehicle access market is classified into fingerprint, voice and facial recognition. On the future technology, market is classified into iris recognition system and DNA. On the basis vehicle type, market is classified into passenger car and battery electric vehicle.
Browse The Full Report@ https://www.brandessenceresearch.com/automotive-transport/biometric-vehicle-access-market/
The regions covered in Global Biometric Vehicle Access Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Biometric Vehicle Access market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Biometric Vehicle Access Market Revenue (USD Million) Analysis by Regional and Global, 2019-2025
Key Players for Biometric Vehicle Access Market Reports–
Some major key players for Biometric Vehicle Access market are Hitachi Ltd, Safran S.A, Fujitsu Ltd., Nuance Communications, Voxx International, Hid-Global, Synaptics Incorporated and others.
Increasing Adoption of Theft Identification Techniques in Automotive Sector is Fuelling the Global Biometric Vehicle Access Market Growth.
The development of biometric vehicle access in cars has been growing at a significant pace in the last few years owing to rising concerns about safety and theft identification. Currently, car owners have shifted to this advanced technology that makes it possible to start their cars with fingerprints recognition systems or voice systems to authenticate identity of the driver. For Example, Mitsubishi has developed biometric technology so that only valid driver can access the confidential information which is stored inside the car. In addition, it is expected that about 34 million passenger vehicles will have implemented security features along with incorporation of various biometric technologies by 2025. However, biometric access system is extremely expensive technology as it is not affordable for multiple users, since these systems are not 100% accurate may obstruct the growth of the market. Next generation of future cars will be programmed to lock or unlock using biometrics techniques such as iris recognition can offer innovative opportunities for the growth of this market in near future.
Europe is Expected to Dominate the Global Biometric Vehicle Access Market Within the Forecast Period
Europe is expected to capture the largest share of global biometric vehicle access market within the forecast period due to the presence of many automakers like Mercedes-Benz, Volkswagen, BMW and Ford and growing acceptance of European consumers towards implementation of safety features in this region. However, auto manufacturers introducing biometric access technology in their vehicles to strengthen a security level and provide luxurious experience. Asia Pacific and North America will exponentially grow over forecast period owing to increasing population leads to increase the demand for vehicles and continuous innovations in automobile sectors to develop biometric vehicle access technology in these regions. In China, there is boom in generation of electric vehicles, and the overall growth rate of population for Asia and the Pacific region is approximately 0.98 % per year, for 2010–2015,however people being dependent on vehicle access technologies.
Key Benefits for Biometric Vehicle Access Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Biometric Vehicle Access Market Segmentation:–
- Fingerprint Recognition
- Voice Recognition
- Facial Recognition
By Future Technology
- Iris Recognition System
- Passenger Car
- Battery Electric Vehicle
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
About Us: Brandessence Market Research and Consulting Pvt. ltd.
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Contact us at: +44-2038074155 or mail us at email@example.com