Biometric Vehicle Access Market to grow at whooping CAGR and reach remarkable market value during 2019 and 2023 due to growing demand for authentication and high security are moving the market towards adoption of biometric vehicle access system. Whereas, moderate attentiveness and training as well as uncertainty hampers the growth of the market significantly.
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Safran S.A (France), Hitachi Ltd. (Japan), and Fujitsu Ltd. (Japan), Fingerprint Cards Ab, Methode Electronics, Synaptics Incorporated, Voicebox Technologies, Voxx International, Hid-Global
Global Biometric Vehicle Access Market Analysis:
The need for increasing efficiency and accurate and high protection are encouraging organizations to use biometric vehicle access system. Biometric Vehicle access system refers to numerous versions such as finger print recognition, voice recognition and others. The use of Biometric vehicle access system ensures easy tracking and makes it accurate. Factors such as growing demand for authentication and high security are moving the market towards adoption of biometric vehicle access system. Whereas, moderate attentiveness and training as well as uncertainty hampers the growth of the market significantly.
The Global Biometric Vehicle Access Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Biometric Vehicle Access will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
The Global Biometric Vehicle Access Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Finger Print, Voice Recognition, Hand Geometry.
Segmentation by Technology: Comprises Iris Recognition, Face Recognition
Segmentation by Vehicle Type: Comprises Passenger Car, Battery Electric Vehicle
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porters Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Biometric Vehicle Access Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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