Global Biometric Driver Identification System Market Forecast for Incremental CAGR of 23.9% Growth by 2017 to 2022

Rockville, US, 2018-Feb-28 — /EPR Network/ —  Biometric driver identification system is being used to prevent unauthorized access to vehicles. Automobile industry is increasingly adopting biometric identification system to ensure security of the car. Manufacturers are offering various biometrics technology for authentication such as facial and fingerprint recognition, voice analysis, iris-based in-car biometrics, hand geometry, etc. biometric identification system are being developed with some advanced features such as behavior-based algorithms to ensure performance and safety. This Fact.MR report discusses key prospects for growth of global biometric driver identification system market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.The scope of the report is to analyze the global biometric driver identification systems market for the period 2017-2022 and give readers an accurate, unbiased analysis. Biometric driver identification system manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

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Compact Passenger Cars to Emerge as Largest User of Biometric Driver Identification System

Towards the end of 2017, compact passenger cars are expected to account for nearly one-third of the revenue share. Compact passenger cars are projected to surpass US$ 7,600 million value by the end of 2022. Meanwhile, mid-sized passenger cars will also experience impressive growth throughout the forecast period.

 Key Insights on Global Biometric Driver Identification System Market

1. North America is expected to emerge as the biggest market in the global biometric driver identification system market. North America is estimated to surpass US$ 9,000 million revenues by the end of 2022. North America biometric driver identification system market will witness an impressive growth. Increasing adoption of advanced technologies, growing awareness towards vehicle safety and presence of individuals with high disposable income are some of the factors driving growth in the region.
2. Europe is expected to be the second most lucrative market for biometric driver identification system. Due to the government initiatives towards vehicle safety and road safety is one of the reasons for increasing adoption of advanced vehicle safety technology, thereby boosting the demand for biometric driver identification system in Europe.
3. Compact passenger cars are likely to be the largest deployer of biometric driver identification system. Experiencing healthy growth, compact passenger cars are estimated to bring in nearly US$ 7,700 million revenue towards 2022 end.
4. Biometric driver identification system is expected to be largely used for engine start-stop system. Engine start-stop system will account for nearly one-third of the revenue share by the end of 2017. Meanwhile, driver fatigue & drowsiness monitoring system in biometric driver identification system is also estimated to witness impressive growth, creating an incremental opportunity of more than US$ 3,500 million during 2017-2022.
5. Compared to various technologies in biometric driver identification system, Iris scan technology will likely experience robust growth. Iris scan as biometric driver identification system technology is projected to reach close to US$ 4,000 million revenues by 2022 end.

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Table Of Content:

1. Global Biometric Driver Identification System Market – Executive Summary
2. Global Biometric Driver Identification System Market Overview
   2.1. Introduction
   2.1.1. Global Biometric Driver Identification System Market Taxonomy
   2.1.2. Global Biometric Driver Identification System Market Definition
   2.2. Global Biometric Driver Identification System Market Size (US$ Mn) and Forecast, 2012-2022
   2.2.1. Global Biometric Driver Identification System Market Y-o-Y Growth
   2.3. Global Biometric Driver Identification System Market Dynamics
   2.4. Supply Chain
   2.5. Cost Structure
   2.6. Pricing Analysis
   2.7. Raw Material Sourcing Strategy and Analysis
   2.8. List of Distributors
   2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Biometric Driver Identification System Market Analysis and Forecast By Vehicle Type 
   3.1. Global Biometric Driver Identification System Market Size and Forecast By Vehicle Type, 2012-2022
   3.1.1. Compact Passenger Cars Market Size and Forecast, 2012-2022
   3.1.1.1. Revenue (US$ Mn) Comparison, By Region
   3.1.1.2. Market Share Comparison, By Region
   3.1.1.3. Y-o-Y growth Comparison, By Region
   3.1.2. Mid-sized Passenger Cars Market Size and Forecast, 2012-2022
   3.1.2.1. Revenue (US$ Mn) Comparison, By Region
   3.1.2.2. Market Share Comparison, By Region
   3.1.2.3. Y-o-Y growth Comparison, By Region

Continue…

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