Increasing Benefits From the Insurance Companies to Drive the Market for Biometric Vehicle Access Systems - PowerPoint PPT Presentation

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Increasing Benefits From the Insurance Companies to Drive the Market for Biometric Vehicle Access Systems

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The biometric vehicle access system 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%. 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. – PowerPoint PPT presentation

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Title: Increasing Benefits From the Insurance Companies to Drive the Market for Biometric Vehicle Access Systems


1
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
www.MarketsandMarkets.com
2
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. PDF
Brochure https//www.marketsandmarkets.com/pdfd
ownload.asp?id34162390

3
Iris recognition systems A promising market due
to increased demand for safety features Asia-Paci
fic 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. Request
for Customization https//www.marketsandmarkets.
com/requestCustomization.asp?id34162390
4
The biometric vehicle access system market has
been segmented by future technology into iris
recognition system. The Asia-Pacific market is
expected to account for the largest market share,
by value, in 2025. The main factors driving the
biometric vehicle access system market include
increased stringent safety regulations in the
automotive industry. There are also upcoming
advanced safety technologies that will trigger
the biometric vehicle access system
market. Request Sample _at_
https//www.marketsandmarkets.com/requestsample.as
p?id34162390
5
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 OEMs 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). Speak to analyst _at_ https//www.marketsand
markets.com/speaktoanalyst.asp?id34162390
6
Market Ecosystem The ecosystem of the biometric
vehicle access system industry consists of
manufacturers such as Safran S.A (France),
Hitachi Ltd. (Japan), and Fujitsu Ltd. (Japan),
research institutes such as the Automotive
Research Association of India (ARAI), European
Automotive Research Partners Association (EARPA),
and the United States Council for Automotive
Research (USCAR), and regional automobile
associations such as China Association of
Automobile Manufacturers (CAAM), Japan Automobile
Manufacturers Association (JAMA), and the
European Automobile Manufacturers Association
(ACEA). Buy Now https//www.marketsandmarkets
.com/Purchase/purchase_report1.asp?id34162390
7
Browse gtgt 69 market data
tables 54 figures
133 pages and in-depth TOC 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 Early buyers
will receive 10 customization on this
report. This study answers several questions
for the stakeholders, primarily which market
segments to focus on in the next two to five
years to prioritize efforts and investments.
8
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarke
ts.com
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