Global Automotive Biometric Vehicle Access System Market 2016-2020
- Published: Jun 2016
- Pages: 79
- SKU: IRTNTR8934
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This market research report presents a detailed segmentation of the global automotive biometric vehicle access system market by geography (the Americas, APAC, and EMEA). The leading vendors in this market are BioEnable, Techshino, Miaxis, Nymi, and Sonavation.
Overview of the automotive biometric vehicle access system market
Technavio’s market research analyst predicts that the global automotive biometric vehicle access system market will grow tremendously at an impressive CAGR of more than 19% during the estimated period. The presence of numerous vulnerabilities in the existing keyless entry system is one of the critical factors driving the growth of this market over the forecast period. Car access technology evolved from using manual keys to electronic keyless entry systems as the primary causes of vehicle theft stemmed from the fact that mechanical keys were stolen or misplaced by the driver inside the vehicle. With the advent of the electronic keyless entry systems, the situation changed drastically because vehicle access was now linked to electromagnetic frequency and communication wavelengths. Although keyless entry system is perceived to be secure, certain loopholes in this technology leave the vehicles vulnerable to theft. Consequently, the demand for biometric vehicle access systems will rise significantly over the next few years.
Growing consumer demand for smart technology is expected to contribute to the growth of the global automotive biometric vehicle system market in the coming years. Smartphone-enabled applications use biometric pattern recognition and interface with cars to provide access to ignition and other valuable services. Moreover, the biometric sensors also help drivers to stay focused on the road by keeping a check on their mobile phone usage. Also, these sensors can monitor the driver's health by keeping a check on their pulse, breathing, and skin conductance. This increase in the adoption of in-vehicle biometric applications will spur the growth prospects for this market over the forecast period.
Geographical segmentation and analysis of the automotive biometric vehicle access system market
During 2015, EMEA dominated the market and accounted for close to 51% of the total market share. Factors such as the presence of global automobile manufacturers such as BMW, Audi, Mercedes-Benz, and Volkswagen in the region makes Europe one of the largest markets for automotive biometric vehicle access systems. Furthermore, several ongoing R&D initiatives will also propel this market’s growth potential in EMEA over the next four years.
Competitive landscape and key vendors
The global automotive biometric vehicle access system market is still in its nascent stage and the adoption of biometrics in the automotive domain may pose a few challenges for the vendors. As the automotive industry is cost sensitive and requires higher quality and process certifications compared to other industries, vendors are expected to explore cost-effective measures to cater to the volume-based automotive industry.
Key vendors in the market are -
Other prominent vendors in the market include BIODIT, Denso, EyeLock, FPC, Fujitsu, HID Global, IriTech, KeyLemon, NEC, Nuance, Olea Sensor Networks, Safran, Synaptics, and VOXX International Corporation.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global automotive biometric vehicle access system market?
- What are the key market trends impacting the growth of the global automotive biometric vehicle access system market?
- What are the challenges to market growth?
- Who are the key vendors in the global automotive biometric vehicle access system market?
- What are the market opportunities and threats faced by the vendors in the global automotive biometric vehicle access system market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global automotive biometric vehicle access system market?
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Currently, a majority of vehicles are embedded with remote or passive keyless entry systems that use radio frequency to unlock and lock vehicle doors. However, this technology comes with limitations in the form of driver identification, making this system prone to vehicle theft. A biometric system overcomes this limitation as it can identify the rightful owner of the vehicle by matching the physical parameters. The application of biometric technology in automotive include vehicle access, ignition permission, anti-theft systems, and on-board communication program.
The report, global automotive biometric vehicle access system market, is part of Technavio’s automotive research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as auto accessories, automotive components, automotive electronics, automotive manufacturing, automotive services, powertrain, and wheels and tires. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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