openPR Logo
Press release

Biometric Vehicle Access System Market - Opportunities and Forecasts 2024

06-10-2017 12:23 AM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Biometric Vehicle Access System Market - Opportunities

Biometric vehicle access system is a technology developed for automated access to a vehicle based on behavioral or physiological characteristics. It is used for verification and recognition of a manual access for better anti-theft protection and sense of comfort and safety for car owners. The biometric vehicle access system technology is user-friendly, reliable, and convenient. These systems are primarily adopted by renowned automotive brands such as Mercedes-Benz, BMW, Ford, and Volkswagen. These brands are adopt biometric vehicle access technology in order to seek better ways to strengthen the safety and security system of their vehicles. The biometric vehicle access system entails few access tests to verify highly-secure and authorized controls. After passing these tests, the biometric access control system allows the user to start the engine of the car. Voice verification, fingerprints, hand geometry, and retina/ iris/ face recognition are the various types of biometric vehicle access systems available in the market.

The biometric vehicle access system market can be segmented based on authentication type, future technology, and vehicle type. Based on authentication type, the market can be bifurcated into fingerprint and voice. The fingerprint recognition system is expected to account for the major share of the biometric vehicle access system market, considering its high reliability. Fingerprints of two people are never the same; they can be distinguished. Therefore, the chances of fraud in the fingerprint recognition system is lesser than that in the voice recognition system. Voices of two persons can be the same. This can lead to deception.

Obtain Report Details @
http://www.transparencymarketresearch.com/biometric-vehicle-access-system-market.html

Based on future technology, the biometric vehicle access system market can be segregated into retina or iris and face recognition system. Demand for the iris recognition system is expected to increase rapidly due to the rise in demand for safety features. The face recognition system carries chances of fraud, as faces can be cloned. Many scams related to cloning of faces have been unearthed in the past. Thus, demand for iris or retina recognition system has been increasing. The segment is in the growth phase and is anticipated to expand significantly by 2024.

Based on vehicle type, the biometric vehicle access system market can be segmented into passenger cars and battery electric vehicles. Biometric vehicle access systems are still in the growth phase, as these are developing technologies. Increase in industry standards such as the BioAPI is estimated to boost the biometric vehicle access system market in the near future.

In terms of region, Europe dominates the global biometric vehicle access system market, led by growth in the automobiles industry. Germany is a major manufacturer of automobiles across the globe. This is projected to propel the global biometric vehicle access system market in Europe. The automotive industry in Europe adopts highly advanced technologies compared to that in Asia Pacific or North America. Rise in population in Asia Pacific is likely to drive the biometric vehicle access system market in the region. The biometric vehicle access system market in India and China is expanding significantly. North America is also a favorable market for biometric vehicle access system. Demand for biometric vehicle access system is low in Middle East & Africa and Latin America compared to other regions; however, demand for these systems is anticipated to rise in the near future due to growing automobile industry in the region.

Make an Enquiry @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=22283

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.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 Vehicle Access System Market - Opportunities and Forecasts 2024 here

News-ID: 572900 • Views:

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2024
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1.07 Billion by 2024
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million by 2024
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

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