Techno World Biometric-Vehicle-Access-Market | Page 2

The fingerprint recognition segment is projected to hold the largest market share in
the market
The fingerprint recognition segment witnessed largest market share in 2016 and is projected to
retain its dominance over the forecast period. Owing to its high reliability and uniqueness, the
fingerprint recognition system is expected to account for the major share of biometric vehicle
access system market. Fingerprints are unique for every individual person, as they can be
distinguished. Therefore, the probabilities of fraudulence in the fingerprint recognition system is
less than that in the conventional recognition, which is expected to significantly increase the use
of finger print recognition systems in the biometric vehicles.
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Global Biometric Vehicle Access Market: Regional Insights
On the basis of region, the global biometric vehicle access market is segmented into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market in Asia Pacific
region is expected to witness highest growth rate in the biometric vehicle access market over the
forecast period. China is a major contributor to the growth of biometric vehicle access market in
Asia Pacific region. China is the leading country in global electric vehicle industry, which is
expected to increase the growth of the market. For instance, according to the International
Energy Agency (IEA), in 2016, China held the largest share in the electric car market accounting
for over 40% of the global electric cars sold in the country. Increasing sales of electric vehicles is
expected to increase the demand for advanced security solutions. Therefore, increasing demand
for electric vehicles is projected to further boost the demand for biometric solutions in vehicles.
Global Biometric Vehicle Access Market: Competitive Background
The major players in the global biometric vehicle access market include Safran S.A, Hitachi Ltd.,
Fujitsu Ltd., Nuance Communications, Synaptics Incorporated BIODIT, Denso Corporation,
EyeLock, FPC, HID Global, IriTech, KeyLemon, NEC, Olea Sensor Networks, and VOXX International
Corporation.
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