The Biometric Vehicle Access System Market

Biometric vehicle access system is one of the most widely used and preferred equipment all around the world and can be used in broad range of organizations. Biometric technology is a system which is on the basis of behavioral and psychological attributes and used for authentication and recognition of manual access. It is user-friendly, dependable and easy identification and monitoring method. The requirement for rising efficiency and precision and high protection are promoting organizations to use biometric vehicle access system. The global Biometric Vehicle Access System Market is majorly driven by the surging demand for authentication and high security, which are propelling the market towards the adoption of a biometric vehicle access system. Owing to the extraordinary precision of biometric systems, they are being exceptionally deployed in automotive security systems. As biometric systems are based on biological evidence such as voice recognition, fingerprints and iris scan, amongst others, there is the modest possibility of violation of security. Another key factor favoring the growth of biometric vehicle access system market is the prominent amount of depletion offered by insurance companies for vehicles which have installed a biometrics system. Insurance companies can maintain a record and monitor the drivers in real-time. However, the possibility of failure of electronic components used in biometric vehicle access systems will likely to hamper the market growth.

In addition, an improvement in legislation concerning biometric identification systems is also leading towards the biometric vehicle access system market growth. Furthermore, the rising consumer demand for smart technology is projected to contribute to the growth of the global biometric vehicle access system market in the following years. Smartphone-enabled applications utilize biometric pattern recognition and interface with cars to provide access to ignition and other vital services. Additionally, these sensors can track the driver’s health by managing a check on their breathing, pulse and skin conductance. This increase in the deployment of in-vehicle biometric applications will propel the growth prospects for this market over the forecast period.

The global Biometric Vehicle Access System Market is segregated on the basis of Authentication Type as Fingerprint Recognition and Voice Recognition. Based on Future Technology the global Biometric Vehicle Access System Market is segmented in Iris Recognition System. Based on Vehicle Type the global Biometric Vehicle Access System Market is segmented in Passenger Car and Battery Electric Vehicle.

The global Biometric Vehicle Access System Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Biometric Vehicle Access System Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

BioEnable, Techshino, Miaxis, Nymi, Sonavation, BIODIT and others are among the major players in the global Biometric Vehicle Access System Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In 2018, Fingerprints Cards AB introduced its first AEC-Q100 compliant biometric capacitive fingerprint sensor, which fulfills the automotive industry standards. This introduction has offered few benefits to the automotive industry and has offered with improved security and convenience to the vehicle and the passenger. 
• In December 2018, Hyundai Motor Corp. designed an improved biometric system for cars which assists drivers to unlock and start engine with light touch. Additionally, Hyundai’s fingerprint recognition technology allows only the authorized drivers to start and stop the car, as to curb the possibility of vehicle theft.
• In October 2016, Fujitsu declared development of a new technology which would use machine learning and image processing as to analyze surveillance camera images of traffic. The company is planning to improve the precision and incidents identifiable with this technology.
• In February 2016, EyeLock (subsidiary) has introduced a new iris identification technology to begin the ignition of cars. EyeLock's technology looks at over 240 points in each eye, and the vehicle starts only if the driver's iris template matched to the scan.

The global Biometric Vehicle Access System Market has been segmented as below:

Biometric Vehicle Access System Market, By Authentication Type

• Fingerprint Recognition
• Voice Recognition

Biometric Vehicle Access System Market, By Future Technology

• Iris Recognition System

Biometric Vehicle Access System Market, By Vehicle Type

• Passenger Car
• Battery Electric Vehicle

Biometric Vehicle Access System Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Biometric Vehicle Access System Market, By Company

• BioEnable
• Techshino
• Miaxis
• Nymi
• Sonavation
• BIODIT
• Denso
• EyeLock
• FPC
• Fujitsu
• HID Global
• IriTech
• KeyLemon
• NEC
• Nuance
• Olea Sensor Networks
• Safran
• Synaptics
• VOXX
• Lear Corporation
• Johnson Electric Holdings Ltd.
• Mitsubishi Electric Corporation 
• Continental AG

The report covers the below scope:

• Global Biometric Vehicle Access System Market sizes from 2020 to 2025, along with CAGR for 2020-2025
• Market size comparison for 2019 vs 2025, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2025
• Global Biometric Vehicle Access System Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Biometric Vehicle Access System Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Biometric Vehicle Access System Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Biometric Vehicle Access System Market share. Major industry players with significant revenue share include BioEnable, Techshino, Miaxis, Nymi, Sonavation, BIODIT, Denso, EyeLock and others.

Why to Buy this Report:

• Gain detailed insights on the Biometric Vehicle Access System industry trends
• Find complete analysis on the market status
• Identify the Biometric Vehicle Access System Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Biometric Vehicle Access System Market, By Authentication Type

5.1.      Key Points

5.2.  Fingerprint Recognition

5.3.  Voice Recognition

6.    Biometric Vehicle Access System Market, By Future Technology

6.1.      Key Points

6.2. Iris Recognition System

7.     Biometric Vehicle Access System Market, By Vehicle Type

7.1.      Key Points

7.2.  Passenger Car

7.3.  Battery Electric Vehicle

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Biometric Vehicle Access System Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  BioEnable

9.2. Techshino

9.3. Miaxis

9.4. Nymi

9.5.  Sonavation

9.6. BIODIT

9.7.  Denso

9.8. EyeLock

9.9. FPC

9.10.    Fujitsu

9.11.      HID Global

9.12.    IriTech

9.13.     KeyLemon

9.14.    NEC

9.15.     Nuance

9.16.    Olea Sensor Networks

9.17.     Safran

9.18.    Synaptics

9.19.    VOXX

9.20.    Lear Corporation

9.21.   Johnson Electric Holdings Ltd.

9.22.   Mitsubishi Electric Corporation

9.23.   Continental AG