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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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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         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.

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

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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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