Biometric Vehicle Access Market: 2018 Global Analysis By Size, Demand, Trends, Key Players - Safran, Hitachi, Fujitsu, Fingerprint Cards, Voxx To 2022

April. 4, 2018 (NEWS) -- Biometric Vehicle Access Market Research Report 2018 expands information on Biometric Vehicle Access Market by Authentication Type (Finger Print, Voice Recognition, Hand Geometry), by Technology (Iris Recognition, Face Recognition), by Vehicle Type (Passenger Car, Battery Electric Vehicle) and by Regions. The global market of Biometric Vehicle Access will grow at a rapid pace over the forecast period. The Biometric Vehicle Access market has registered high growth in recent times on account of growing demand.

The Global Biometric Vehicle Access Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Biometric Vehicle Access will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).

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Biometric Vehicle Access Market Companies Analyzed in report:

Safran S.A (France), Hitachi Ltd. (Japan), and Fujitsu Ltd. (Japan), Fingerprint Cards Ab, Methode Electronics, Synaptics Incorporated, Voicebox Technologies, Voxx International, Hid-Global.

Biometric Vehicle Access market is witnessing a strong growth with many companies are manufacturing new electric bicycle for variety of purposes. The electric bicycle are majorly used for daily commuting and tourism purposes. With the motor enabling propulsion, it is very easy to travel long distances and with advancement in the battery technologies, recharging is also very easy. There are increased government initiatives for the sales of electric bicycle because use of electric bicycle reduce traffic congestion, and also they reduce vehicular carbon emissions. The automotive industry is one of the most competitive industries; with players such as Ferrari and McLaren leading the sports car segment and players like BMW, Audi, and Mercedes dominate the luxury car market segment. Such high intensity of competition urges the automobile manufacturers to look for differentiating factor from other brands.

The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and improving services. Safran S.A (France), Hitachi Ltd. (Japan), and Fujitsu Ltd. (Japan), Fingerprint Cards Ab, Methode Electronics, Synaptics Incorporated, Voicebox Technologies, Voxx International, Hid-Global and others are the major companies in the market, which compete in terms of availability, quality, price, and technology. They primarily focus on the development of sophisticated driver assistance systems. Although the international players are dominating the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period. It has also been forecast that improvement of the global economic scenario combined with efforts to enhance infrastructure in emerging nations, is fueling the market growth, thereby making it an ideal time to launch new driver assistance systems and increase the global market share.

Market Segmentation:

Segmentation by Type: Comprises Finger Print, Voice Recognition, Hand Geometry.

Segmentation by Technology: Comprises Iris Recognition, Face Recognition

Segmentation by Vehicle Type: Comprises Passenger Car, Battery Electric Vehicle

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Geographic Analysis:

Biometric Vehicle Access market is highly application driven and systems are gaining popularity across the end user and technologies like such as Iris recognition, face recognition which is referred as one of the major driving factors for market. Europe is estimated to account for the largest share, in terms of value, of the Biometric Vehicle Access System Market .The automotive industry in Europe has the most advanced technologies in comparison to Asia-Pacific or North American regions. Asia Pacific is referred as fastest growing region for Iris recognition. Increase in the modernization technological advancement, rising vehicle production and cost-effective biometric vehicle access systems will enhance the market for biometric vehicle access system in Asia-Pacific and the Middle East.

Target Audience of Report:

Packaging Organizations

Manufacturer

Research Institute / Education Institute

Potential Investors

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This release was published on openPR.