Press release
Biometric Vehicle Access Market is Predicted to Witness Rapid Growth By 2025
Biometric Vehicle Access Market
Technological advancements for quick authentication and user friendly 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.
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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.
Europe will acquire maximum share owing to presence of major automobile manufacturer such as Ford, Mercedes, Volkswagen and BMW. The increase in production of passenger cars owing to increasing need for safety features will boost biometric vehicle access market revenue during forecast period.
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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.
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