Global Biometric Vehicle Access System Market is projected to reach USD 854.92 Million by 2024, growing at a CAGR of over 14% during the forecast period due to increasing biometric technologies, growing technological advancements, growing demand for vehicle electrification and increasing safety regulation. Based on authentication type, the biometric vehicle access system market has been segmented into Fingerprint and Voice. In 2017, the fingerprint recognition system is projected to account for the largest market share, in terms of value. In 2018, the Europe & CIS region dominated the market due to increasing demand for multifactor authentication and growing investments in automotive technology. Moreover, increasing stringent safety regulations in the automotive industry globally and upcoming advanced safety technologies will trigger the biometric vehicle access system market during the forecast period.
Years considered for this report
Historical Year 2014 - 2017
Base Year 2018
Estimated 2019
Forecast 2020 - 2024
Objective of the Study
- To analyse and forecast the market size of Biometric Vehicle Access System Market, in terms of value and volume.
- To classify and forecast Global Biometric Vehicle Access System Market based on vehicle type, authentication type, future technology and regional distribution.
- To identify drivers and challenges for Global Biometric Vehicle Access System Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Biometric Vehicle Access System Market.
- To conduct the pricing analysis for Biometric Vehicle Access System Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Biometric Vehicle Access System Market.
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Some of the leading players in the Global Biometric Vehicle Access System Market are Safran S.A, Fujitsu Ltd, Hitachi Ltd, Methode Electronics, VOXX International, Fingerprint Cards Ab, Voicebox Technologies, Nuance Communications, Synaptics Incorporated, Hid-Global etc.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the suppliers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
Market Insights Research calculated the market size of Global
Key Target Audience
- Manufacturers of biometric vehicle access systems
- Automotive OEMs
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
