BIOMETRIC VEHICLE ACCESS MARKET ANALYSIS

Market Challenges And Opportunities

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

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.