5 Key Projections on Biometric Driver Identification System Market Revealing Size, Share, Applications Trends and Demand Forecast to 2022

The global market for biometric driver identification system is projected to bring in US$ 25,559.5 million revenue by the end of 2022.

Rockville, US, 2018-Apr-13 — /EPR Network/ — The global market discussion on biometric driver identification system industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Biometric Driver Identification System Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on biometric driver identification system market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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According to a study by Fact.MR, the global biometric driver identification system market is expected to experience healthy growth. The market is projected to increase to 23.9% CAGR during the forecast period 2017-2022. Owing to the increased safety and comfort features in various car models and increasing awareness towards safety are some of the factors driving the demand for biometric driver identification system. Manufacturers have started developing biometric driver identification system with advanced features that enhance driving experience along with safety.

4 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.

Iris Scan to Emerge as Leading Biometrics Technology in Vehicles

Among various biometrics technologies for vehicle authentication, Iris scan will gain maximum traction in a biometric driver identification system. Iris scan is expected to register healthy growth rate during the forecast period. Meanwhile, face recognition technology is also likely to witness robust growth through 2022.

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Table of Contents:

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

Continued…..

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