DUBLIN, June 12, 2023 /PRNewswire/ — The “Biometric Vehicle Access Systems: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Biometric Vehicle Access Systems estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$3.3 Billion by 2030, growing at a CAGR of 9.7% over the analysis period 2022-2030.
Fingerprint Scan, one of the segments analyzed in the report, is projected to record a 10% CAGR and reach US$1.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Voice Recognition segment is readjusted to a revised 9.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $461 Million, While China is Forecast to Grow at 12.9% CAGR
The Biometric Vehicle Access Systems market in the U.S. is estimated at US$461 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$642.4 Million by the year 2030 trailing a CAGR of 12.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 9.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$292.6 Million by the year 2030.
Select Competitors (Total 75 Featured) –
BioEnable Technologies Pvt. Ltd.
Denso Corporation
Fingerprint Cards Ab
Fujitsu Limited
HID Global Corporation
Miaxis Biometrics Co., Ltd.
Nuance Communications, Inc.
Synaptics Incorporated
Voxx International Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
Progress on Vaccinations: Why Should Businesses Care?
With IMF’s Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
Competitive Scenario
Automakers Join Hands with Wearable Providers to Tap Biometrics
Biometric Vehicle Access Systems – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Global Market Prospects & Outlook
World Market for Biometric Vehicle Access Systems by End-Use (2021 & 2027): Percentage Breakdown of Revenues for Passenger Cars, and Commercial Vehicles
Automotive Applications to Get Remarkable Facelift with Biometrics
Analysis by Technology
World Market for Biometric Vehicle Access Systems by Technology (2021 & 2027): Percentage Breakdown of Revenues for Fingerprint Scan, Voice Recognition, Other Technologies
Regional Analysis
World Biometric Vehicle Access Systems Market (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
World Biometric Vehicle Access Systems Market – Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Middle East, Africa, Canada, Latin America, USA, Europe, and Japan
Biometrics Technology and Types: A Prelude
Comparative Analysis of Various Biometric Technology Traits
Fingerprint Recognition: Reliable Technology with Varied Applications
Voice Recognition Technology: Continues to Gain Popularity
Iris Biometrics: Uniqueness of Human Iris Holds Tremendous Potential as an Identification Technology
Hand Geometry: Another Promising Biometric Authentication Technology
An Introduction to Biometric Vehicle Access Systems
Advantages of Vehicle Biometrics
Standard Vehicle Access Systems
Automotive Biometrics Poised to Inevitably Gain More Relevance for Better Experience
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Pandemic Impact on the Automotive Industry
Several Downsides Marr Outlook for 2022
Semiconductor Chip Shortages & Its Induced Production Woes Add to Market Nervousness
Global Light Vehicle Production (In Million Units) for Years 2019 Through 2025F
Car Production YoY % Growth Across Major Regional Markets in 2020
Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021E
Russia-Ukraine War Has the Automotive Industry on Edge
Automotive Industry Exhibits Inclination towards Use of Biometrics Systems
Biometrics Emerges to be the Future of Vehicle Access Control Systems
Global Connected Vehicle Shipments (In Million Units) for the Years 2019, 2021 and 2023
Vehicle Access Control Systems Grow in Significance as the Number of Cars Stolen Each Year Increases: Vehicle Thefts (In 000 Vehicles) in the United States for the Years 2019 through 2022
Motor Vehicle Theft in the United States by Area Type as of the Year 2022
Technology Trends Influencing the Market Dynamics
Contactless Fingerprint Systems to Drive Opportunities
Fingerprint Reader-based Vehicle Access: Makes Perfect Sense over Others for High-Risk Security Areas
3D Fingerprint Scanners Evolve as a More Accurate Technology
Voice Recognition Technology to Drive Gains
Growing Role of Voice Recognition Technology in Cars
Key features of Voice Assistance Systems for Automobiles
With Autonomous Cars Concept Gaining Strength, Role of Voice Recognition to Find Increased Acceptance
Global Autonomous Vehicle Sales (In Million) for Years 2020, 2025 & 2030
Iris Recognition Gains Marked Adoption across Diverse Verticals
Select Innovations in Iris Biometrics Technology
Select Innovations & Advancements
Biometrics Appears to Bid Adieu to Traditional Vehicle Access Approaches
Biometrics to Uplift Security & In-Car Experience
Data Security Concerns
Automotive Security & Access Control Technology Gets Turbo-Charged with Biometrics
Biometrics for Automotive Applications
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/9til3f
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