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Increasing Benefits From the Insurance Companies to Drive the Market for Biometric Vehicle Access Systems

The biometric vehicle access system market is estimated to be USD 442.7 Million in 2016, and is projected to grow to USD 854.8 Million by 2021, at a CAGR of 14.06%. The growing demand for multifactor authentication and increasing legislations for biometric applications are some of the key drivers fueling the growth of biometric vehicle access system market.

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Increasing Benefits From the Insurance Companies to Drive the Market for Biometric Vehicle Access Systems

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  1. 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 www.MarketsandMarkets.com

  2. Fingerprint recognition system to hold the largest share in the biometric vehicle access system market, by authentication type The fingerprint recognition system is estimated to account for the largest share in the biometric vehicle access system market. The fingerprint recognition system is more widely present in the market as compared to voice recognition system for vehicle access. Biometric vehicle access systems are still in a growing phase. Additionally, increasing industry-wide standards such as the BioAPI would trigger growth in the biometric vehicle access system market. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=34162390

  3. Iris recognition systems: A promising market due to increased demand for safety features Asia-Pacific market is projected to have the largest market share in iris recognition systems by 2025. Growing development in advanced technologies and rising vehicle production is a contributing factor for this growth. The growing demand for safety features as a result of government regulations has triggered the market for biometric vehicle access systems. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=34162390

  4. The biometric vehicle access system market has been segmented by future technology into iris recognition system. The Asia-Pacific market is expected to account for the largest market share, by value, in 2025. The main factors driving the biometric vehicle access system market include increased stringent safety regulations in the automotive industry. There are also upcoming advanced safety technologies that will trigger the biometric vehicle access system market. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=34162390

  5. Europe: Largest market for biometric vehicle access systems Europe is estimated to account for the largest share, in terms of value, of the biometric vehicle access system market in 2016. Major OEM’s like Mercedes-Benz, BMW, Ford, and Volkswagen are developing these range of technologies and innovating in different ways to strengthen the security of vehicle. The automotive industry in Europe has the most advanced technologies in comparison to Asia-Pacific or North American regions. The report analyzes all major players in the biometric vehicle access system market, including Safran S.A (France), Hitachi Ltd. (Japan), Fujitsu Ltd. (Japan) and Nuance Communications (U.S). Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=34162390

  6. Market Ecosystem: The ecosystem of the biometric vehicle access system industry consists of manufacturers such as Safran S.A (France), Hitachi Ltd. (Japan), and Fujitsu Ltd. (Japan), research institutes such as the Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), and the United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=34162390

  7. Browse >> 69market data tables 54figures 133 pagesand in-depth TOC “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” Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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