|By PR Newswire||
|December 1, 2016 06:30 AM EST|
PUNE, India, December 1, 2016 /PRNewswire/ --
The report "Biometric Vehicle Access System Market by Authentication type (Fingerprint, Voice), Future Technology (Iris Recognition System), Vehicle Type (Passenger Car, Battery Electric Vehicle), and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is estimated to be USD 442.7 Million in 2016, and is projected to grow to USD 854.8 Million by 2021, at a CAGR of 14.06%.
Browse 68 market data Tables and 58 Figures spread through 150 pages and in-depth TOC on "Biometric Vehicle Access System Market"
Early buyers will receive 10% customization on this report.
The growing demand for multifactor authentication and increasing legislations for biometric applications are some of the key drivers fueling the growth of Biometric Vehicle Access System Market.
Fingerprint recognition system to hold the largest share in the Biometric Vehicle Access System Market, by authentication type
The fingerprint recognition system is estimated to account for the largest share in the Biometric Vehicle Access System Market. The fingerprint recognition system is more widely present in the market as compared to voice recognition system for vehicle access. Biometric vehicle access systems are still in a growing phase. Additionally, increasing industry-wide standards such as the BioAPI would trigger growth in the Biometric Vehicle Access System Market.
Iris recognition systems: A promising market due to increased demand for safety features
Asia-Pacific market is projected to have the largest market share in iris recognition systems by 2025. Growing development in advanced technologies and rising vehicle production is a contributing factor for this growth. The growing demand for safety features as a result of government regulations has triggered the market for biometric vehicle access systems.
Europe: Largest market for biometric vehicle access systems
Europe is estimated to account for the largest share, in terms of value, of the Biometric Vehicle Access System Market in 2016. Major OEM's like Mercedes-Benz, BMW, Ford, and Volkswagen are developing these range of technologies and innovating in different ways to strengthen the security of vehicle. The automotive industry in Europe has the most advanced technologies in comparison to Asia-Pacific or North American regions.
The report analyzes all major players in the Biometric Vehicle Access System Market, including Safran S.A (France), Hitachi Ltd. (Japan), Fujitsu Ltd. (Japan) and Nuance Communications (U.S).
Browse related reports:
Vehicle Security System Market by Type, Technology, Vehicle Type (Passenger Car, Commercial Vehicles and Off-Highway Vehicles), and by Region (Asia-Pacific, Europe, North America and Rest of the World) - Industry Trends and Forecast to 2021
Car Safety Market by System Type (Active Safety & Passive Safety), Safety Regulations by Region (APAC, Europe, North America & Rest of the World), Impact Analysis (Overall Market OEM, Tier I & Consumer) - Trends & Forecast to 2020
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Subscribe Reports from Automotive and Transportation Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fra...
Dec. 7, 2016 09:21 AM EST
Dec. 7, 2016 09:15 AM EST Reads: 1,048
Dec. 7, 2016 09:15 AM EST Reads: 7,234
Dec. 7, 2016 09:15 AM EST Reads: 4,597
Dec. 7, 2016 08:30 AM EST Reads: 1,856
Dec. 7, 2016 08:15 AM EST Reads: 480
Dec. 7, 2016 08:00 AM EST Reads: 423
Dec. 7, 2016 07:45 AM EST Reads: 812
Dec. 7, 2016 07:30 AM EST Reads: 820
Dec. 7, 2016 06:45 AM EST Reads: 1,997
Dec. 7, 2016 06:30 AM EST Reads: 1,811
Dec. 7, 2016 06:15 AM EST Reads: 5,331
Dec. 7, 2016 05:15 AM EST Reads: 1,062
Dec. 7, 2016 04:00 AM EST Reads: 870
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
Dec. 7, 2016 02:00 AM EST Reads: 645