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AUTOMOTIVE & TRANSPORTATION

Biometric Driver Identification System Market Segmentation By Vehicle type (Passenger Cars, Commercial Vehicles, Heavy Trucks and Buses); By Identification Techniques (Fingerprint Recognition, Iris Recognition and Face Recognition); Application Type (Engine Start-Stop System, Biometric Vehicle Access System, Memory Steering, Memory Seats and Infotainment System) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Biometric Driver Identification System Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Product Overview

Biometric driver identification system is a developed technology which is used by private sector companies. It keeps the record of the driver at the time of registration and enables to maintain the security of the client. Biometric driver identification system includes fingerprint scanning, iris scanning and face scanning which displays the data of driver within small interval of time .The system has centralized database which contain all records of the driver. The system also prevents the duplication of the data. It is a cost-effective security solution which eliminates the fraud associated with the identification of the driver. Biometric driver identification system prevents the unauthorized access to the vehicle by any stranger.

Market Size and Forecast

The global biometric driver identification system market is anticipated to expand at a CAGR around 22.0% during 2018-2027. It is projected to reach significant market size by 2027. The rising safety concern of the passenger is anticipated to increase the demand for the biometric driver identification system during the forecast period. The global biometric driver identification system market can be segmented on the basis of vehicle type, identification techniques, application type and region. On the basis of vehicle type, it is segmented into passenger cars, commercial vehicles heavy trucks and buses. Passenger cars segment is anticipated to hold the largest market share on the account of increasing safety concern of the passenger coupled with rising private companies offering cab facility. On the basis of identification techniques, it is sub-segmented into fingerprint recognition, iris recognition and face recognition. On the basis of application type, it is segmented into engine start-stop system, biometric vehicle access system, memory steering, memory seats and infotainment system.

By region, global biometric driver identification system market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America holds the largest market share for the global biometric driver identification system on the account of highly developed automotive industry and enhanced availability of information technology such as internet, software devices and biometric innovations. Asia-Pacific is anticipated to be the fastest growing region for the global biometric driver identification system on the account of rising safety concern and increase need for the secure environment particularly in the industries such as banking, commercial and healthcare.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis segmented the global biometric driver identification system market in the following segments:

By Vehicle type:

  • Passenger Cars
  • Luxury Cars
  • Executive Cars
  • Premium Cars
  • Compact and Mid-Size Cars
  • Sport Cars
  • Commercial Vehicles
  • Heavy Trucks
  • Busses

By Identification Techniques:

  • Fingerprint Recognition
  • Iris Recognition
  • Face Recognition

Application Type:

  • Engine Start-Stop System 
  • Biometric Vehicle Access System
  • Memory Steering
  • Memory Seats
  • Infotainment System

By Region

Global biometric driver identification system market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Turkey Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, Israel, North Africa, South Africa, Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis.

Biometric Driver Identification System Market Graph

Growth Drivers and Challenges

The increasing concern for the safety of the population is the primary growth driver for the global biometric driver identification system market during the forecast period. The increasing introduction of the safety features in the different vehicles types is anticipated to augment the demand for the biometric driver identification system. Additionally, the advancement in the technology and increasing penetration of the internet in the developing countries such as China, India and Malaysia is anticipated to increase market size of the biometric driver identification system.

However, constant up gradation is required by biometric driver identification system over the time. Thus, it may act as restrain to market growth.

Key Players

  • Bayometric
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
  • Marquis ID Systems
  • Techshino
  • 3M Cogent Inc.
  • Fulcrum biometrics
  • Griaule Biometrics
  • SRI International
  • NEC Corporation
  • Iritech Inc.

 


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