According to the new market research report „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“ , Published by MarketsandMarkets ™, The Biometric Vehicle Access System Market is estimated to be $ 442.7 million in 2016, and is projected to grow to $ 854.8 million by 2021, at a CAGR of 14.06%. The growing demand for multifactor authentication and biometric applications are some of the key drivers fueling the growth of Biometric Vehicle Access System Market.
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Fingerprint recognition system in the Biometric Vehicle Access System Market, by authentication type
The fingerprint recognition system is the largest user of the Biometric Vehicle Access System Market. The fingerprint recognition system is more widely used in the market as compared to voice recognition system for vehicle access. Biometric vehicle access systems are still in a growing phase. Additionally, as the BioAPI would trigger growth in the Biometric Vehicle Access System Market.
Browse and in-depth TOC on “ Biometric Vehicle Access System Market „
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Iris recognition systems: A market due to increased demand for safety features
Growing development in advanced technologies and rising vehicle production is a contributing factor to this growth. The growing demand for safety features has triggered the market for biometric vehicle access systems.
asia Pacific is expected to hold the largest market size in the Automotive Smart Antenna Market during the forecast period.
Europe: Largest market for biometric vehicle access systems
Majority OEMs like Mercedes-Benz, BMW, Ford and Volkswagen are developing their range of technologies and innovating in different ways strengthen the security of vehicle, The automotive industry in Europe has the most advanced technologies in comparison to Asia-Pacific or North American regions.
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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the biometric vehicle access systems . The key players in the marketncludingSafran SA (France), Hitachi Ltd. (Japan), Fujitsu Ltd. (Japan) and Nuance Communications (US).
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