Biometric Driver Identification System Market: Industry Is Projected To Bring In US$ 25,559.5 Million Revenue By The End Of 2022, New Report Suggests
Request for 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
Automotive manufacturers are integrating biometric driver identification system to ensure safety as well as enhance driver experience with help of various advanced features. A biometric identification system in automobiles is emerging as keyless entry device. Manufacturers are focusing on adding standard features in biometric driver identification system such as loading personalized settings including maps, communication system, dashboard display, etc. Biometric driver identification system is being increasingly used by fleet management companies as it ensures security and safety, assist in evaluating individual driver performance, and helps to detect unauthorized vehicle use.
Browse Full Report with TOC- https://www.factmr.com/report/283/biometric-driver-identification-system-market
Key Insights on Global Biometric Driver Identification System Market
1- 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.
2- 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.
3- 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.
4- 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.
The report also profiles companies that are expected to remain active in the expansion of global biometric driver identification system market through 2022, which include Bioenable Technologies Pvt. Ltd, Bayometric LLC, Continental AG, Fujitsu Ltd, Denso Corporation, HID Global Corporation, Gentex Corporation, Mitsubishi Heavy Industries Ltd, Robert Bosch GmbH, and Hitachi Ltd.
Check Discount on this Report- https://www.factmr.com/connectus/sample?flag=D&rep_id=283
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive 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.
11140 Rockville Pike
Rockville, MD 20852
This release was published on openPR.
Permanent link to this press release:
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: Industry Is Projected To Bring In US$ 25,559.5 Million Revenue By The End Of 2022, New Report Suggests here
News-ID: 925307 • Views: 249
More Releases from Fact.MR
Vacuum Dust Filters Market Expectation Based on Key Supporting Growth Factors be …
The detailed research report on the global vacuum dust filters market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.
Spray Drying Equipment Market Growth Factors, Shares and Top Key Players between …
A recently published report by Fact.MR on spray drying equipment market foretells that sales of spray drying equipment would continue to soar in the long term. In terms of value, the global spray drying equipment market is estimated to surpass the valuation of US$ 820 Mn by 2027 with a year-on-year growth of ~4% in the foreseeable future. Spray drying equipment is gaining popularity in different verticals owing to its capacity
Sports Flooring Market Future Outlook and Active Company Profiles during 2017-20 …
In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global sports flooring market considering 2012-2016 as the historic year and 2017-2026 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting sports flooring market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. The sports flooring market study outlines
Soy Protein Hydrolysate Market Assessment Based on Top Driving Factors during 20 …
According to the latest report published by Fact.MR, the global soy protein hydrolysate market is set to surpass a valuation of US$ 1,400 Mn by the end of 2026. The global soy protein hydrolysate market analysis report also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market. Furthermore, it takes into consideration
More Releases for Biometric
Global Biometric Palm Scanner Market
Biometric Palm Scanner Market Reports Monitor has added a new report titled, ‘Global Biometric Palm Scanner Market - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecasts, 2019 - 2025 to its vast repository of research reports. This report provides a detailed analysis of the product types used for medical implants and regeneration. For more insightful information request a sample copy @ https://www.reportsmonitor.com/request_sample/272314 This report studies the global market size of Biometric Palm
Global Biometric Sensor Market Size
According to a new report Global Biometric Sensor Market (2016-2022), published by KBV Research, the global Biometric Sensor Market is expected to attain a market size of $1.5 billion by 2022, growing at a CAGR of 9.1% during the forecast period. North America is a dominant region due to growing adoption of cloud services in several industries in the region. Nevertheless, Asia-Pacific would be the fastest growing region during the forecast
Global Automotive Biometric Access System market Share
The global Automotive Biometric Access System market is expected to attain a market value of USD 1,236.8 million by 2022, growing at a CAGR of 16.5% during the forecast period (2016-2022). The biometric automotive vehicle access system market is segmented into fingerprint recognition, voice recognition, Irish recognition and others. The others market includes gesture recognition, face recognition, and palm recognition, etc. Fingerprint recognition type is the most common type of
A Company Needs Biometric Security
Security threats are on the rise and it has become a major challenge for decision making officials to come up with new and more comprehensive security systems in order to keep the offenders at bay. Billions of dollars are lost every year due to various security breaches in companies, banks, hotels etc. Some organizations have implemented simple door locks with passwords in order to provide more convenience and ease of access
Global Biometric ATM Sales Market Report 2017
MarketResearchReports.Biz presents this most up-to-date research on "Global Biometric ATM Sales Market Report 2017" Description In this report, the global Biometric ATM market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and
Global Next Generation Biometric Market
The global next generation biometric market is expected to grow at a substantial growth rate due to the rising number of terrorists activities also the increasing theft activities on the part of crucial data and information which have raised concerns regarding the national security. Biometrics technology is basically the identification and verification of humans by their characteristics such as face, fingerprint, voice, iris, palm, signature, vein, and DNA. A sample of