Seattle, WA -- (SBWire) -- 11/14/2019 --Biometric Vehicle Access Market – Insights
Biometric technology relies on the physiological and behavioral characteristics of a user to measure his/her statistical analytics. The technology uses finger prints and voice and iris recognition to provide access. Use of biometric technology enhances vehicle security and reduces vehicle theft.
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Biometric Vehicle Access Market: Drivers
A major factors boosting growth of the global biometric vehicle access market is increasing demand for authentication and high security. Biometric vehicle access helps in reducing the cases of vehicle theft. Therefore, increasing cases of vehicle theft is also expected to boost growth of the market. For instance, according to the Federal Bureau of Investigation (FBI), the global vehicle theft, which accounted to 3.8% in 2015 increased to 7.4 % in 2016.
Biometric Vehicle Access Market: Segment Analysis
Among authentication type, the fingerprint recognition segment held dominant position in the market in 2016 and is expected to retain its dominance over the forecast period. This is attributed to high reliability of the fingerprint recognition system and uniqueness of fingerprints in every individual.
Global Biometric Vehicle Access Market: Taxonomy
On the basis of vehicle type, the global biometric vehicle access market is segmented into:
-Passenger Cars
-Battery Electric Vehicles
On the basis of authentication type, the global biometric vehicle access market is segmented into:
-Fingerprint Recognition
-Voice Recognition
-Hand Geometry
On the basis of technology, the global biometric vehicle access market is segmented into:
-Face Recognition
-Iris Recognition
On the basis of region, the global biometric vehicle access market is segmented into:
-North America
-Europe
-Asia Pacific
-Latin America
-Middle East
-Africa
Global Biometric Vehicle Access Market: Regional Analysis
Asia Pacific is expected to witness the highest growth in the global biometric vehicle access market over the forecast period. China is a major growth engine in the market in Asia Pacific, owing to increasing production of electric vehicles (EVs) in the country. Moreover, increasing sales of EVs is expected to lead to high demand for advanced security solutions. For instance, according to the International Energy Agency (IEA), in 2016, China accounted for the largest share in the global electric car market, accounting for over 40% of the market share.
Global Biometric Vehicle Access Market: Competitive Landscape
Key players in the market are focused on adopting collaboration and partnership strategies to enhance their market share. For instance, in February 2018, Fingerprint Cards AB partnered with Altran Technologies to offer biometric solutions for the automotive industry. Fingerprints AB offers biometric solutions such as fingerprint- and iris-based identification for different automotive applications such as access control, payments and cabin personalization.
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Major market players are also focused on product launch to expand their product portfolio. For instance, in January 2017, Continental introduced its biometric-to-vehicle solution at the Consumer Electronics Show 2017. The company integrates keyless entry and start system PASE (Passive Start and Entry) and biometric elements to ensure vehicle safety. In November 2015, Synaptics launched new Natural ID fingerprint sensors for vehicles.
Key players operating in the global biometric vehicle access market include, Synaptics Incorporated BIODIT, Denso Corporation, EyeLock, Safran S.A, Hitachi Ltd., Fujitsu Ltd., Nuance Communications, FPC, HID Global, IriTech, KeyLemon, NEC, Olea Sensor Networks, and VOXX International Corporation.
Biometric Vehicle Access Market in Depth Study and Huge Demand in Future 2018-2026
Biometric technology is a system, which measures the statistical analytics of any individual, based on the physiological and behavioural characteristics. It is used for the recognition of manual access by using finger prints, voice recognition, iris recognition, and others.