Automotive Biometric Vehicle Access Technology Market
Automotive Biometric Vehicle Access Technology Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0564
Segments Covered
By
Product Hand Geometry, Voice Recognition, Fingerprint
-
By
Application Passenger Vehicle, Commercial Vehicle
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
924.23 Million |
 Revenue 2028:
|
3236.10 Million |
 Revenue CAGR
(2021 - 2028): |
13.23% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Product, Application, and region. The report will cover market estimations and forecast for each segment by region for the years 20156–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Product, the market is divided into Hand Geometry, Voice Recognition, Fingerprint. Fingerprint held the largest share in 2020 and is projected to witness substantial growth during the forecast period.
Based
on Application, the market is divided into Passenger Vehicle, Commercial Vehicle. Commercial vehicle
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Automotive Biometric Vehicle Access Technology Market: Product Segment Analysis
-
- Hand Geometry
- Voice Recognition
- Fingerprint
Global Automotive Biometric Vehicle Access Technology Market: Application Segment Analysis
-
- Passenger Vehicle
- Commercial Vehicle
FAQ
Frequently Asked Question
What is the global demand for Automotive Biometric Vehicle Access Technology in terms of revenue?
-
The global Automotive Biometric Vehicle Access Technology valued at 924.23 Million in 2020 and is expected to reach 3236.10 Million in 2028 growing at a CAGR of 13.23%%.
Which are the prominent players in the market?
-
The prominent players in the market are BioEnable, Techshino, Miaxis, Nuance, Synaptics, Olea Sensor Networks, NEC, Fujitsu, Sonavation, FPC, HID Global, IriTech, Denso, BIODIT, KeyLemon, Safran, VOXX, Nymi, EyeLock..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 13.23%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Biometric Vehicle Access Technology include
- The increasing need of safety is a major factor that is anticipated to augment the growth of the automotive biometric vehicle access technology market. This is due to the high rate of accuracy offered by it such as fingerprint scan, face & others which increases the level of safety. Biometric access system does not ask for passwords, and hence are difficult to be hacked. Furthermore, biometric vehicle systems are also easier, faster and reliable compared to other safety technologies are some more factors driving the market.
- The increasing development in the emerging economies is another primary factor supporting the growth of the automotive biometric vehicle access technology market in the years to come. The better security management is a demand for both the developed and the emerging economies so as to protect from unknown entities such as theft or other hacking activities. Additionally, most of the major players in the biometric technology are trying to establish themselves in the emerging markets, and hence supporting the market growth.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Automotive Biometric Vehicle Access Technology in 2020.
