Biometric Vehicle Access Market, By Vehicle Type (Passenger Cars and Battery Electric Vehicles), By Authentication Type (Fingerprint Recognition, Voice Recognition, and Hand Geometry), By Technology (Face Recognition and Iris Recognition), and By Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
- Report code : CMI211423 |
- Industry :
Automotive and Transportation
- To Be Published : Aug 2018 |
- Format :
Biometric technology is a system, which measures the statistical analytics of any individual, based on the physiological and behavioural characteristics. It is used for the recognition of manual access by using finger prints, voice recognition, iris recognition, and others. Biometric technology benefits the vehicles, as it increases the efficiency, helps in easy tracking and strengthens the vehicle’s safety & security system.
Increasing demand for authentication and high security are the major factors driving growth of the global biometric vehicle access market
Privacy is the major concern regarding biometric solution resulting in the increasing demand for authentication. Vehicle theft is one of the major problems faced by the consumers due to lack of security systems in the vehicles. For instance, according to the Federal Bureau of Investigation (FBI), the global vehicle theft, which accounted to 3.8% in 2015 increased to 7.4 % in 2016. Therefore, increasing threat of vehicle stealing is resulting in increasing demand for biometric authentication solutions in vehicles, which is a safer security solution. This factor is expected to positively influence the market growth over the forecast period.
The fingerprint recognition segment is projected to hold the largest market share in the market
The fingerprint recognition segment witnessed largest market share in 2016 and is projected to retain its dominance over the forecast period. Owing to its high reliability and uniqueness, the fingerprint recognition system is expected to account for the major share of biometric vehicle access system market. Fingerprints are unique for every individual person, as they can be distinguished. Therefore, the probabilities of fraudulence in the fingerprint recognition system is less than that in the conventional recognition, which is expected to significantly increase the use of finger print recognition systems in the biometric vehicles.
Global Biometric Vehicle Access Market: Taxonomy
On the basis of vehicle type, the global biometric vehicle access market is segmented into:
- Passenger Cars
- Battery Electric Vehicles
On the basis of authentication type, the global biometric vehicle access market is segmented into:
- Finger Print Recognition
- Voice Recognition
- Hand Geometry
On the basis of technology, the global biometric vehicle access market is segmented into:
- Face Recognition
- Iris Recognition
On the basis of region, the global biometric vehicle access market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Global Biometric Vehicle Access Market: Regional Insights
On the basis of region, the global biometric vehicle access market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market in Asia Pacific region is expected to witness highest growth rate in the biometric vehicle access market over the forecast period. China is a major contributor to the growth of biometric vehicle access market in Asia Pacific region. China is the leading country in global electric vehicle industry, which is expected to increase the growth of the market. For instance, according to the International Energy Agency (IEA), in 2016, China held the largest share in the electric car market accounting for over 40% of the global electric cars sold in the country. Increasing sales of electric vehicles is expected to increase the demand for advanced security solutions. Therefore, increasing demand for electric vehicles is projected to further boost the demand for biometric solutions in vehicles.
Global Biometric Vehicle Access Market: Competitive Background
The major players in the global biometric vehicle access market include Safran S.A, Hitachi Ltd., Fujitsu Ltd., Nuance Communications, Synaptics Incorporated BIODIT, Denso Corporation, EyeLock, FPC, HID Global, IriTech, KeyLemon, NEC, Olea Sensor Networks, and VOXX International Corporation.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
Related Insights :
Share
Choose License Type
"How Can I Help You" ?
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
[email protected]Key Benefits
Custom Research Solution
Talk to our research consultant to design an exclusive report as per your research needs.
Customer Fulfilment
We aim to fulfil client's research demands with tailored research solutions.
Quick Turnaround Time Reports
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
360-degree Approach
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
Assured Quality
We strive to provide most accurate and reliable research findings in our research reports.