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.
Our in-depth analysis segmented the global biometric driver identification system market in the following segments:
By Vehicle type:
By Identification Techniques:
Global biometric driver identification system market is further classified on the basis of region as follows:
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.
Direct access to analyst to help you understand the market in a better way to handle your critical question
Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved
Get 10% free customization
Great focus on accuracy and quality of the research
(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495