Biometric vehicle access market is anticipated to grow at a CAGR of 14.0% during the forecast period. Biometric vehicle access system technology is easy to use, reliable, and efficient. The programs are especially popular with well-known car companies such as Mercedes-Benz, BMW, Ford, and Volkswagen. The models adopt the technology of access to biometric vehicles to find better ways to strengthen their vehicle safety and security system. The growing numbers of automobile systems are incorporating biometric doors based on fingerprint technologies, enabling drivers to restrict, control, and track usage of their vehicles which is propelling the growth of the market during the forecast period. For instance, in December 2018, Hyundai Motor Co. announced smart fingerprint technology that will allow drivers to not only unlock doors, however, also start the vehicle. Furthermore, the technology also provides a customized driving environment such as matching information of driver preference with fingerprint data, automatically adjusting seating positions, connected car features and setting side-view mirror angles.
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The global biometric vehicle access market is segmented based on the type and vehicle type. Based on the type, the market is segmented into fingerprint recognition systems, voice recognition systems, iris recognition systems, and face recognition systems. Based on the vehicle type, the market is further bifurcated into conventional vehicles and electric vehicles. Among the vehicle type, the electric vehicle is expected to contribute to the market growth during the forecast period. The growing demand for driverless and electric cars along with the growing preference among customers for automated security functions in electric vehicles are likely to drive the market during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Biometric Vehicle Access Market Report by Segment
By Type
- Fingerprint Recognition System
- Voice Recognition System
- Iris Recognition System
- Face Recognition System
By Vehicle Type
- Conventional Vehicles
- Electric Vehicles
Global Biometric Vehicle Access Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biometric vehicle access market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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