Biometric Vehicle Access System Market - Forecast (2023 - 2028)

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Biometric Vehicle Access System Market
Forecast(2023 - 2028)
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• Global Biometric Vehicle Access System Market
  size is forecast to reach 1,560 million by 2025,
  estimated to grow at a CAGR of 13.7 during
  2020-2025. The changing automotive industry is
  leading to the major automakers to bring
  innovative technology and provide high
  personalized vehicle experience. 
•  The demand for electric and driverless cars, and
  increased applications of sensor-based technology
  are highly enhancing the biometric vehicle access
  system. Moreover, the upcoming IRIS recognition
  system will highly boost the authentication
  system in the vehicles which will provide growth
  opportunities for the biometric vehicle access
  system market.

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• Key Takeaways
• In 2019, the Biometric Vehicle Access System
  market was dominated by Europe owing presence of
  major automakers such as Ford, Mercedes and so on
  leading to the development of efficient connected
  vehicles enhancing the demand for latest
  authentication technology.
• The growing use of fingerprint recognition system
  for authentication in order to reduce the risk of
  vehicle theft and improve vehicle safety  are 
  surging the growth  of the biometric vehicle
  access system market.

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• By Distribution Channel- Segment Analysis
• Fingerprint Recognition System held the largest
  market share in the Biometric Vehicles Access
  System market in 2019. With the growing advent in
  technology, the automotive sector is leading to
  integrate fingerprint recognition technology for
  improving vehicle safety which has driven the
  growth of this segment. 
• The adoption of fingerprint recognition
  technology will lead to provide low cost
  authentication system which will allows drivers
  to unlock and start cars without any hassle. This
  technology is majorly based on customized setting
  of an individual driver that leads to avoid the
  risk of vehicle theft.

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• Biometric Vehicle Access System Market
• Fingerprint Cards Ab
• Fujitsu Ltd.
• Hitachi Ltd
• Methode Electronics
• Nuance Communication
• Safran SA
• Synaptics Incorporated
• VOXX International
• Voicebox Technologies
• Denso Corporation. 

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