openPR Logo
Press release

Biometric Driver Identification System Market by Vehicle Type - Compact Passenger Cars, Mid-sized Passenger Cars, Premium Passenger Cars, Luxury Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles; Application Type - Biometric Vehicle Acc

03-08-2019 08:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Biometric Driver Identification System

Biometric Driver Identification System

Biometric driver identification system is very new technology in vehicle safety. Enhancing vehicle security, biometric driver identification system identifies individual from a set of features. Automotive manufacturers are integrating biometric driver identification system in vehicles to offer multi-level security. The biometric identification system is also being integrated into connected cars. Biometric system is also becoming popular among ride-sharing services, where it can help to identify various drivers sharing the car, same goes for the fleets. Manufacturers are also focusing on providing innovative features such as setting maps, music, and call history based on the preference of driver, as soon as the driver is identified. Manufacturers are also including advanced biometric system technology where it can monitor eye movement of the driver and can also alert them in case of distraction and drowsiness. Biometric driver identification system is also being developed including 3D facial recognition and multi-factor authentication.

Request Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=283 

According to a study by Fact.MR, the global biometric driver identification system market is expected to experience healthy growth. The market is projected to increase to 23.9% CAGR during the forecast period 2017-2022. Owing to the increased safety and comfort features in various car models and increasing awareness towards safety are some of the factors driving the demand for biometric driver identification system. Manufacturers have started developing biometric driver identification system with advanced features that enhance driving experience along with safety.

Browse Full Report @ https://www.factmr.com/report/283/biometric-driver-identification-system-market 

5 Key Insights on Global Biometric Driver Identification System Market

North America is expected to emerge as the biggest market in the global biometric driver identification system market. North America is estimated to surpass US$ 9,000 million revenues by the end of 2022. North America biometric driver identification system market will witness an impressive growth. Increasing adoption of advanced technologies, growing awareness towards vehicle safety and presence of individuals with high disposable income are some of the factors driving growth in the region.
Europe is expected to be the second most lucrative market for biometric driver identification system. Due to the government initiatives towards vehicle safety and road safety is one of the reasons for increasing adoption of advanced vehicle safety technology, thereby boosting the demand for biometric driver identification system in Europe.
Compact passenger cars are likely to be the largest deployer of biometric driver identification system. Experiencing healthy growth, compact passenger cars are estimated to bring in nearly US$ 7,700 million revenue towards 2022 end.
Biometric driver identification system is expected to be largely used for engine start-stop system. Engine start-stop system will account for nearly one-third of the revenue share by the end of 2017. Meanwhile, driver fatigue & drowsiness monitoring system in biometric driver identification system is also estimated to witness impressive growth, creating an incremental opportunity of more than US$ 3,500 million during 2017-2022.
Compared to various technologies in biometric driver identification system, Iris scan technology will likely experience robust growth. Iris scan as biometric driver identification system technology is projected to reach close to US$ 4,000 million revenues by 2022 end.
Speak To Research Analyst for Detailed Insights @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=283 

The report also offers a detailed profile of various key market players in the global market for biometric driver identification system, which will remain active through 2022. These include companies such as Bayometric LLC, Bioenable Technologies Pvt. Ltd, Continental AG, Denso Corporation, Fujitsu Ltd, Gentex Corporation, HID Global Corporation, Hitachi Ltd, Mitsubishi Heavy Industries Ltd, and Robert Bosch GmbH.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/

Read Industrial News : https://theswisstimes.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biometric Driver Identification System Market by Vehicle Type - Compact Passenger Cars, Mid-sized Passenger Cars, Premium Passenger Cars, Luxury Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles; Application Type - Biometric Vehicle Acc here

News-ID: 1641345 • Views:

More Releases from Fact.MR

Remote Control Market Projected to Reach US$ 42.1 Billion by 2034, Growing at a CAGR of 4.8%
Remote Control Market Projected to Reach US$ 42.1 Billion by 2034, Growing at a …
As of right now, estimates place the size of the global remote control market at a 4.8% compound annual growth rate (CAGR) over the following ten years, rising from US$ 26.4 billion in 2024 to US$ 42.1 billion by 2034. Sales of remote controls are expected to increase gradually between 2024 and 2034 as a result of product technical developments and market participants' calculated moves. Businesses have a rare chance to
Global SAP Cloud Platform Services Market is likely to reach a valuation of USD 6.5 Million by 2032
Global SAP Cloud Platform Services Market is likely to reach a valuation of USD …
Fact.MR recently conducted a study on the global SAP cloud platform services market is anticipated to surge from USD 443 million in 2022 to a staggering USD 7,000 million by 2032. This remarkable growth trajectory is projected to unfold at an exhilarating compound annual growth rate (CAGR) of 31% over the period spanning from 2022 to 2032. This analysis delves into pivotal trends shaping the market's growth trajectory. The report elucidates
Mobile Value Added Service Market is projected to rise at a CAGR of 14.9% through 2034
Mobile Value Added Service Market is projected to rise at a CAGR of 14.9% throug …
As per a recent study conducted by Fact.MR, a prominent provider of market research and competitive intelligence, the global Mobile Value Added Service Market is valued at approximately US$ 880.4 million in 2024. Forecasts indicate a robust compound annual growth rate (CAGR) of 14.9% through 2034, with the market anticipated to exceed a valuation of US$ 3,522.6 million by the end of that period. Intense competition among smartphone manufacturers has led
GMP Cell Banking Service Market value is projected to reach US$ 3,123.5 million by 2034
04-23-2024 | Health & Medicine
Fact.MR
GMP Cell Banking Service Market value is projected to reach US$ 3,123.5 million …
According to Fact.MR, a leading provider of market research and competitive intelligence, the global GMP Cell Banking Service Market is anticipated to reach approximately US$ 882.1 million by 2024. Over the period from 2024 to 2034, the market for GMP cell banking services is expected to witness a robust growth rate of 13.7%. The report further forecasts that the market will attain an overall valuation of US$ 3,123.5 million by

All 5 Releases


More Releases for Biometric

Biometric ATM Market Growing Penetration and Adoption of Voice Biometric Solutio …
The global biometric ATM market size is expected to be valued at US$ 1,960.5 million in 2022 and grow at a CAGR of 30.3% over the forecast period. Biometric ATMs are self-service automated teller machines (ATMs), or cash machines, that use a biometric measure to identify customers and allow them to withdraw cash. Biometric authentication may be the only customer identifier used, or it may be used in conjunction with
Mantra's fingerprint scanners now support biometric log-in with Windows Biometri …
Mantra Softech, one of the leading Biometrics and RFID solutions companies, has recently announced that its three fingerprint scanners i.e. MFS500, Mapro CX, and Mapro OX, drivers now support Windows Biometric Framework and work with "Hello" for login in windows 8.1 and 10 with fingerprint authentication. The WBF has a set of services and interfaces to support the development and management of biometric devices. This framework provides compatibility with biometric services
Healthcare Biometric Market, Worldwide, 2030
The “Healthcare Biometric Market Analysis to 2030” is a specialized and in-depth study of the Healthcare Biometric industry with a focus on the Healthcare Biometric market trend. The report aims to provide an overview of the Healthcare Biometric market with detailed market segmentation by component, application, end-user, and geography. The Healthcare Biometric market is expected to witness high growth during the forecast period. The report includes key statistics on the
Ahmedabad-based leading Biometric firm Mantra Softech launches the portable biom …
With the increasing security concerns and rise in the deployment of biometric fingerprint, facial and iris recognition devices, several verticals are making a smart move by adopting biometric technology. The world witnessed a huge growth in Indian biometric market, especially after incorporation of various government-led initiatives like UID-Aadhaar, issuance of ePassports, visas, etc. Indian biometric market upsurged tremendously in 2018, reaching the value of $1.7 billion and is further expected
Biometric ATM Market 2018 - The demand of Biometric ATM will drastically increas …
Biometric ATM Market Survey 2018 The Biometric ATM Market report is a complete research study on the Biometric ATM market, which attempts to present a clear picture of the key factors that shape this market. The assessments of a number of market segments, distinguished on the basis of the products, their applications, and the geographies, come under the scope of this research study. It further provides the profile reviews of the leading market
Global Biometric Sensors Market: Innovative Features of Biometric Sensors Notice …
SAN FRANCISCO, Nov. 28, 2017 According to the latest report published by Variant Market Research, the global biometric sensors market is projected to reach $1,820 million by 2024, from $868 million in 2016; at a CAGR of 9.7% from 2016 to 2024. Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/biometric-sensors-market/sample-request Rising adoption for fingerprint identification in electronic devices to drive the global biometric sensors market The global