Biometric Vehicle Access System Market is expected to grow from USD 0.44 billion in 2016 to USD 0.85 billion by 2021, at a CAGR of 14.06% from 2016 to 2021.
Posted April 4,2019 in Science and Technology.
The overall Biometric Vehicle Access System Market is expected to grow from USD 0.44 billion in 2016 to USD 0.85 billion by 2021, at a CAGR of 14.06% from 2016 to 2021. The market for fingerprint recognition system is at the growth stage, whereas the voice recognition system market is recently introduced and a slowly growing market. A fingerprint recognition system is a device that thwarts any unauthorized entry into the vehicle unless the correct fingerprint of the driver is provided. This advanced technology is expected to propel the growth of the biometric vehicle access system market. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.
Use of fingerprint recognition system in automobile drives the global biometric vehicle access system market
The global biometric vehicle access is a growing new market in vehicle security industry, where these systems are presently used in luxury cars and retro fit by commercial vehicles owners for security and monitoring their fleet. The biometric security systems have technological variants, and includes fingerprints, hand geometry, voice verification, and retina/ iris/ face recognition. The technology works as automated access monitoring system, which is primarily based on driver behavioral or physiological characteristics, that does verification and recognition to access the vehicle. The biometric access systems are safeguarded by number of provisions and technique’s, namely, multimodal biometric systems, template-on-token, match-on-token, data-hiding techniques, and cancellable biometrics.
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The Biometric Vehicle Access System Market comprises a network of players involved in the research and product development; raw material supply; component manufacturing; distribution and sale; and post-sales services. Key players considered in the analysis of the Biometric Vehicle Access System Market are Safran S.A (France), Hitachi Ltd. (Japan), and Fujitsu Ltd. (Japan)
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