Automotive and Transportation Vehicle Access Control Market By Reports and Data | Page 3

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The first car to implement fingerprint lock is Hyundai. Its latest SUV model allows the customer to not
only open locked doors but also start the car. This feature will most likely stream and trickle down to
another model as well.
EyeLock LLC, in January 2019, collaborated with 360fly Inc., and developed an iris authentication
technology that can be integrated into smart rear view mirror with artificial intelligence and camera, for
public safety sectors.
To identify the key trends in the industry, click on the link
below: https://www.reportsanddata.com/report-detail/vehicle-access-control-market
Further key findings from the report suggest
 Passenger cars held a market share of 35% in the year 2018 owing to the adoption of several
advanced features such as immobilizers, keyless entry, alarm, and stolen vehicle assist.
 Increase in vehicle theft is one of the major reasons for the original equipment manufacturer to
pre-install vehicle access control systems
 Fast growing middle-class group and burgeoning consumption will fuel the growth of the
commercial vehicles in emerging nations. Increase in urbanization and shift in consumption will
lead to shifts in market segments.
 Traffic management is forecasted to hold a market share of 18% in the year 2026, and tollways
have a CAGR of 12.3% during the forecast period.
 Biometric held the largest market share of 27% in the year 2018. Vehicles are equipped with
non-biometric like alarms, keyless entry, and other security measures; premium cars are utilizing
the latest technology for the protection of the vehicles.
 These cars have biometrics security measures such as fingerprint lock, face, and iris scanners.
These features are demanded to provide multiple authentications and make access more
convenient for drivers.
 The non-biometric system has the highest CAGR of 12.9% during the forecast period and is
forecasted to hold a market share of 25% in the year 2026.
 Bluetooth, Radio Frequency Identification (RFID), and Wi-Fi are all technologies that can be
connected via smartphones and used to control the movement of vehicles.
 Bluetooth held a market share of 15% in the year 2018, and Wi-Fi is forecasted to hold a market
share of 12% in the year 2026.
 China, Japan, and South Korean regions are focusing on developing, testing, and deploying
biometric system authentication. Hyundai in South Korea has already been successful in
launching fingerprint biometric in cars.
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