Global Finger Print Vehicle Access Market – Industry Trends and Forecast to 2029

Finger Print Vehicle Access Market Analysis and Size

The finger print vehicle access market is mainly driven by increasing demand for high security and authentication, which is driving the market toward finger print vehicle access system adoption. Finger print vehicle systems are progressively being used in the car security systems because of their high accuracy property. The use of finger print vehicle access applications will increase the market's growth prospects during the mentioned forecast period.

Data Bridge Market Research analyses that the finger print vehicle access market was valued at USD 1,439.40 million in 2021 and is expected to reach USD 2,684.03 million by 2029, registering a CAGR of 8.10% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.     

Finger Print Vehicle Access Market Scope and Segmentation

Market Definition

A fingerprint vehicle system is a device which prevents any illegal entry into the vehicle unless the correct fingerprint of the driver is provided. The finger print vehicle access systems are safeguarded by the number of techniques and provisions namely multimodal systems, data-hiding techniques, template-on-token, match-on-token and cancellable systems.

Global Finger Print Vehicle Access Market Dynamics

Drivers

• Rising demand for the safety and privacy purpose

Privacy is the major concern among consumers, resulting in the rising demand for authentication. Vehicle theft is one of the major problems which has faced by the customers because of lack of safety and security systems in the vehicles. Thus, growing risk of vehicle stealing is resulting in rising the demand for the finger print authentication solutions in vehicles, this is a safer security solution. This is the major which are expected to positively influence the growth of the finger print vehicle access market over the forecast period.

• Rise in demand in due to unique features

Finger print vehicle access is high in demand due to its high uniqueness and reliability, the fingerprint recognition system is projected to account for the major share of finger print vehicle access market. Fingerprints are unique for every individual consumer, as it can be illustrious everyone. Thus, the possibilities of fraudulence in the fingerprint recognition system is much less than other recognition, which is anticipated to considerably increase the use of finger print recognition systems in vehicles.

Opportunities

• Rising Awareness and Advent of Technologies

Moreover, the increasing consumer awareness about the profits and convenience which has offered by these finger print vehicle access in the automotive sector will further create the profitable opportunities for the growth of the finger print vehicle access during forecast period of 2022 to 2029.

Also, growing preferences towards convenience and safety features, increasing demand of concept cars and electric vehicle will further create several opportunities for the growth of the finger print vehicle access market during mentioned forecast period.

Restraints/ Challenges

• High cost

The high cost of the product and the high cost for the installation of the system are acting as market restraints and obstruct the growth rate of the finger print vehicle access in the above mentioned forecasted period.

• Threat of Hackers

The risk of cyber-attacks and hackers also hampers the consumers' perception of the dependability of finger print vehicle access system which are expected to the major factor for challenging the finger print vehicle access growth rate

This finger print vehicle access market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the finger print vehicle access market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Finger Print Vehicle Access Market Scope

The finger print vehicle access market is segmented on the basis technology, vehicle type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Iris Recognition
• Face Recognition

Vehicle Type

• Passenger Car
• Battery Electric Vehicle

 Application

• Door
• Steering Wheel
• Car Mirror
• On Board

Finger Print Vehicle Access Market Regional Analysis/Insights

The finger print vehicle access market is analysed and market size insights and trends are provided by country, technology, vehicle type and application as referenced above.

The countries covered in the finger print vehicle access market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

Europe dominates the finger print vehicle access market in terms of market share and revenue. This is due to the adoption of advanced technologies along with rising automotive industry in this region.

Asia Pacific is projected to be the fastest developing regions due to the adoption of modernised technology and growing vehicle production along with prevalence of cost effective biometric system in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Finger Print Vehicle Access Market Share Analysis

The finger print vehicle access market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to finger print vehicle access market.

Some of the major players operating in the finger print vehicle access market are:

• Goodix (China)
• Fingerprint Cards AB (Sweden)
• Synaptics (U.S.)
• Apple Inc. (US)
• Egis Technology (Taiwan)
• Crucialtec (South Korea)
• Next Biometrics (Norway)
• Novatek Microelectronics (Taiwan)
• Qualcomm Technologies, Inc. (U.S.)
• Q Technology (China)
• CMOS Sensor Inc. (US)
• ELAN Microelectonics (Taiwan)
• Focaltech (China)
• ID3 Technologies (France)
• IDEX Biometrics (Norway)
• Japan Display Inc. (Japan)
• OXI Technology (China)
• Sonavation Inc. (U.S.)
• Touch Biometrix (U.K.)
• Vkansee (U.S.)

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