Press release
Biometric vehicle access market Opportunity Analysis and Growth Potential Forecast 2025
Biometric Vehicle Access Market
Technological advancements for quick authentication and userfriendly high-end protection system will increase the demand for biometric vehicle access market during forecast period. Design standards specified by International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC) ensures the system operationality resulting in improved performance. However, concerns related to owner’s data security and threats arising out of increasing electronic component in automobile will restrict the biometric vehicle access market. System dysfunctionality resulting in system failure and false authentication will limit the technology adoption during forecast period.
Request for a sample of this research report @ https://www.gminsights.com/request-toc/upcoming/2337
Design standards such as Bio API enables system to perform enrollment and verification of owner’s identity efficiently. Continuous technology upgradation paves growth opportunity to manufacturers to provide reliable & efficient authentication system. Reducing manufacturing and installation cost of system is the major challenge before the industry participants.
Electronic components and design complexity increase the cost of overall system which leads to less adoption among cost sensitive consumers.
Based on authentication, biometric vehicle access market is categorized in to face recognition system, fingerprint recognition, iris recognition and hand geometry. Fingerprint technology holds maximum share owing to its simplified operation. Moreover, major automobile OEMs including Mercedes-Benz, Volkswagen deploying fingerprint authentication in their premium and luxury automobiles will boost the demand. Iris recognition system adaption is likely to grow due to better security and reliability.
Based on application, biometric vehicle access market is divided as door, steering wheel, car mirror and on board. Door biometric access will dominate the overall industry during forecast period as it is crucial for safety and provides first access to vehicle. Efforts to increase driver control over automobile will support the adoption of steering wheel biometric access market share from 2017 to 2024.
Based on vehicle, industry is categorized in to PCV, LCV and HCV. Escalating demand for sedans, hatchback, SUVs and electric cars will support the revenue generation by PCV. Growth in commercial automobile segment is driven by increasing safety concerns regarding the goods and freight transported.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/2337
Asia Pacific will exhibit highest growth rate supported by escalating premium passenger car demand. China leads global electric vehicle industry and is expected to continue its dominance for EV during the forecast timeframe. Positive outlook for electric and hybrid passenger cars in China and Japan will increase the revenue share. Frequent occurrence of theft instances demanding enhanced security will support the regional growth during forecast period.
Major manufacturing companies in biometric vehicle access market are Synaptics, Techshino, Miaxis, BioEnable, BIODIT, Denso, EyeLock, FPC, Nymi Sonavation, Fujitsu, IriTech, KeyLemon, NEC, Nuance, Safran, Olea Sensor Networks, HID Global, VOXX.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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 vehicle access market Opportunity Analysis and Growth Potential Forecast 2025 here
News-ID: 1803236 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Bio
Bio Pharma Buffer Market – A comprehensive study by Key Players: Bio-Rad, Lonz …
Latest Market intelligence report released by HTF MI with title "COVID-19 Outbreak-Global Bio Pharma Buffer Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020" is designed covering micro level of analysis by manufacturers and key business segments. The COVID-19 Outbreak-Global Bio Pharma Buffer Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary…
IVIG Market Anticipated a Noteworthy CAGR during 2019-2024 & Companies Included …
A report added to the rich database of Qurate Business Intelligence, titled “World IVIG Market by Product Type, Players and Regions - Forecast to 2024”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the…
Green & Bio-based Solvents Market Analysis, Demand, & Opportunities till 2023 | …
A latest research report titled as “Green & Bio-based Solvents Market for Paints & Coatings, Printing Inks, Commercial & Domestic Cleaning, Adhesives & Sealants, Pharmaceutical, Cosmetics, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the…
Global Bioplastics (Bio-plastics,Bio plastics) Market 2018 - Braskem, BASF
Apex Market Reports, recently published a detailed market research study focused on the “Bioplastics (Bio-plastics,Bio plastics) Market” across the global, regional and country level. The report provides 360° analysis of “Bioplastics (Bio-plastics,Bio plastics) Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Bioplastics…
Worldwide Bio-Electronics Market 2025 – Global Analysis and Forecasts by Type …
Bio-Electronics is defined as the electronic devices used for bio-medical purposes, and helps in creating and evaluating the new technologies for better understanding of biological systems. The increasing demand of bio-electronics to meet the overwhelming need in healthcare industry will boost the bio-electronics market in forecast period. Furthermore, the growth in research of implantable devices for developing robust and reliable implantable medical devices will increase the demand of bio-electronics in…
Bio Electronics and Bio Sensors Market Forecasts, 2017-2025
Description:
The global bio electronic market is valued USD $15 billion in 2016 and is expected to grow at a CAGR of 11.6% during the forecast period 2017-2025. The market is driven by various factors such as rapid advancement in semiconductor technology, high demand in implantable medical devices, increasing prevalence of neural and cardiac diseases among others. The emerging healthcare technologies such as lab on chip, ambulatory surgical centres, and personalized devices are…
