Press release
Biometric Vehicle Access System Market 2018 to Profits by Crossing $1965.65 Mn along with VOXX International, Synaptics Incorporated, Hitachi, Safran S.A, Methode Electronics, Voicebox Technologies Etc Vendors
Market Overview:Global Biometric Vehicle Access System Market is accounted for $515.25 million in 2017 and is expected to reach $1965.65 million by 2026 growing at a CAGR of 16.0% during the forecast period. Increase in legislations regarding biometric identification systems and growing vehicle manufacture in emerging economies are some of the key factors fueling the market growth. However, huge price range of biometric systems and improved connectivity would induce risk of cyber-attacks are hindering the growth of the market. Increasing demand for safety features and convenience technology provides ample of opportunities for market growth.
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Biometric vehicle access system is equipment developed for automatic access to a vehicle based on behavioural characteristics. It is utilized for authentication and recognition of a manual access for enhanced anti-theft security and sense of comfort and protection for car owners. A lot of versions are available in the market such as face recognition, voice verification and fingerprints. It is easy to use, reliable, and convenient. It requires few access tests to confirm highly-secure and approved controls.
Top Industry Players:
Some of the key players in Biometric Vehicle Access System market include VOXX International, Synaptics Incorporated, Hitachi Ltd, Safran S.A, Methode Electronics, Voicebox Technologies Inc, Nuance Communications, Fujitsu Ltd, Fingerprint Cards Ab, Hid-Global, BioEnable, Miaxis Biometrics, Sonavation Inc, Nymi and Biodit Global Technology.
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Market Segments:
By Future Technology, IRIS recognition system segment drives the market due to the increasing improvement in advanced technologies and growing vehicle production. The rising demand for safety characteristics as a result of government rules has to stimulate the market for biometric vehicle access systems. By Geography, Europe is anticipated to dominate the largest market share during the forecast period. Main Original Equipment Manufacturers (OEM) like BMW, Ford, and Mercedes-Benz are just beginning these varieties of technologies and innovating in different ways to support the security of vehicle.
Future Technologies Covered:
• IRIS Recognition System
• Face Recognition System
Vehicle Types Covered:
• Battery Electric Vehicles
• Passenger Cars
Authentication Types Covered:
• Voice Recognition System
• Fingerprint Recognition System
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