Biometric vehicle access market is anticipated to grow at a CAGR of 14.0% during the forecast period. Biometric vehicle access system technology is easy to use, reliable, and efficient. The programs are especially popular with well-known car companies such as Mercedes-Benz, BMW, Ford, and Volkswagen.
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The models adopt the technology of access to biometric vehicles to find better ways to strengthen their vehicle safety and security system. The growing numbers of automobile systems are incorporating biometric doors based on fingerprint technologies, enabling drivers to restrict, control, and track usage of their vehicles which is propelling the growth of the market during the forecast period.
For instance, in December 2018, Hyundai Motor Co. announced smart fingerprint technology that will allow drivers to not only unlock doors, however, also start the vehicle. Furthermore, the technology also provides a customized driving environment such as matching information of driver preference with fingerprint data, automatically adjusting seating positions, connected car features and setting side-view mirror angles.
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By Type (Fingerprint Recognition System, Voice Recognition System, Iris Recognition System, and Face Recognition System),
By Vehicle Type (Conventional Vehicles and Electric Vehicles),
Market Players Outlook
The major companies serving the global biometric vehicle access market include Safran S.A., Hitachi Ltd., and Fujitsu Ltd., among others. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2020, HiPhi a vehicle company, part of Human Horizons, introduced facial recognition and the first NT Door system for touch-free entry on its HiPhi X. Owners can open their car through facial recognition, smart key, smartphone ID, and can also use the HiPhi app for remote unlocking. HiPhi X has implemented a Human Oriented Architecture (HOA), which consists of six “super brain” domain controllers, connected by 1G Ethernet, over 500 sensors, and a 5G-V2X technology network.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global biometric vehicle access market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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