Biometric Vehicle Access Market 2020 Global Trends, Opportunities, Industry Size, Share, Key Players Analysis, Competitive Landscape, Future Scope and Opportunity Assessment 2022

Market Research Future
Market Research Future published a research report on “Global Biometric Vehicle Access Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Global Biometric Vehicle Access Market Overview

Biometric technology refers to an automated access monitoring system that is based on behavioral or physiological characteristics to verify and recognize before provision of access. There are numerous types of biometric security systems that use different biometric authentication methods such as voice recognition, fingerprints, hand geometry, and iris/ face recognition. With a surge in demand for automated security systems in automobiles, the Biometric Vehicle Access Market is anticipated to register a lucrative CAGR during the forecast period of 2016-2022.

Factors leading to prominent market growth include a rise in the need for efficiency and higher demand for accurate security systems for automobiles. Increase in the number of automobile thefts has led to high awareness towards automotive safety, causing propulsion in demand for biometric vehicle access systems. Advancements in biometric technologies have also pushed the automotive industry to adopt biometric security solutions to reduce/ eliminate most automotive theft risks. Further, due to the growing population, the need for biometric security systems for vehicles is observed due to higher reliability, accuracy and lower breaches, driving substantial market growth.

Design standards specified by the International Organization for Standardization (ISO) as well as the International Electrotechnical Commission (IEC) are set to ensure optimal system operationality which, in turn, results in improved performance, further pushing the market. In contrast, various concerns relating to the owners’ data security and a rise in the number of cyber threats witnessed due to increased use of electronic components in the automobiles is anticipated to hinder the market growth for biometric vehicle access market. Further, system dysfunctionality leading to system failure and false authentication are projected to slow down the adoption of biometric vehicle access technology during the review period.

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Key Players

The major player operating in the market of Global Biometric Vehicle Access are Safran S.A (France), Hitachi Ltd. (Japan), and Fujitsu Ltd. (Japan), Fingerprint Cards Ab, Methode Electronics, Synaptics Incorporated, Voicebox Technologies, Voxx International, Hid-Global

Segmentation:

The latest report published on global biometric vehicle access market by Market Research Future (MRFR) has been studied upon different market segments. The global biometric vehicle access market is segmented by authentication, vehicle type, and technology. On the basis of authentication, the biometric vehicle access market is segmented into fingerprint, voice recognition, iris recognition, face recognition, and hand geometry. By vehicle type, the biometric vehicle access market is segmented into passenger cars and battery electric vehicles.

Regional Analysis

Biometric Vehicle Access market is highly application driven and systems are gaining popularity across the end user and technologies like such as Iris recognition, face recognition which is referred as one of the major driving factors for market. Europe is estimated to account for the largest share, in terms of value, of the Biometric Vehicle Access System Market. The automotive industry in Europe has the most advanced technologies in comparison to Asia-Pacific or North American regions.

Asia Pacific is referred as fastest growing region for Iris recognition. Increase in the modernization technological advancement, rising vehicle production and cost-effective biometric vehicle access systems will enhance the market for biometric vehicle access system in Asia-Pacific and the Middle East.

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Industry Update

February 2019: Precise Biometrics has developed a high-profile biometric innovation for the automotive industry. The company’s fingerprint authentication software will be used in the upcoming Hyundai car for access.

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