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
Research Methodology: Automotive Biometric Vehicle Access Technology Market - Global Market Assessment, 2021 - 2028
Automotive Biometric Vehicle Access Technology Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Biometric Vehicle Access Technology market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Biometric Vehicle Access Technology market.
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.
