Biometric Vehicle Access Market Trends Estimates High
Demand By 2026
Biometric Vehicle Access Market research provides industry
analysis by type, manufacturer, application along with key factors
influencing the growth of the market which include growth drivers,
restraints, opportunities and challenges, strategically profile key
players and comprehensively analyze their market share and core
competencies.
Biometric technology is a system, which measures the statistical analytics of any individual,
based on the physiological and behavioural characteristics. It is used for the recognition of
manual access by using finger prints, voice recognition, iris recognition, and others. Biometric
technology benefits the vehicles, as it increases the efficiency, helps in easy tracking and
strengthens the vehicle’s safety & security system.
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Increasing demand for authentication and high security are the major factors driving
growth of the global biometric vehicle access market
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.