Automotive And Security Segment Trends For the Coming Years
Pharmaceutical and biotechnology companies are making biometric vehicle access systems available to protect personnel and cargo in transport settings. An employee in the passenger seat of a commercial truck could be carrying weapons or dangerous chemicals. Drivers in buses, trains and airplanes have to make numerous stops every day to allow passengers to get off. Passengers would not be allowed to board if their identification did not match the fingerprint or voice recognition system read from the biometric vehicle access database. This would make entering restricted areas very difficult.
Biometric vehicle access systems would also prevent crime from occurring. With the use of biometric vehicle access research systems inside passenger vehicles, automotive companies can increase their fleet security and cut down on employee theft. With the potential for fraudulent use of biometric readouts, some employees may attempt to forge the signatures of authorized officers to gain access to restricted areas. Employees would not be able to board a train or airplane with a false fingerprint. By requiring employees to show their fingerprints or voice recognition ID when they enter a secure area, automobile manufacturers are reducing the potential for employee fraud.
The world is currently experiencing one of the largest advancements in biometric security technology in over a decade. Trends indicate that the global biometric vehicle access market will continue to expand at an accelerated rate through 2010. The two major factors driving this trend include increasing demand and security. High demand is due to the fact that biometric systems require minimal training for users and no special equipment or clothing to wear while accessing the systems.
Security is also a major factor in the forecast period because increased safety for people inside automobiles, along with biometric access control systems, could decrease the costs of insurance and eliminate the need for annual vehicle inspections. Insurance estimates are expected to drop 25 percent due to these biometric vehicle access controls. In addition to the insurance industry, transportation agencies and airlines are expecting to benefit from biometric vehicle access systems. This will allow passengers to make changes in flight schedules and improve airline passenger security. The airlines have the ability to identify passengers using biometric scans and reduce the risk of lost luggage and missed flights by implementing biometric screening processes.
Another research study that forecasting the global biometric market in the near future was prepared by an industry association known as the National Institute of Standards and Technology (NISET). The association presented its study to NICE, the United Kingdom's government agency responsible for regulating the biometric technology industry. The forecast indicates that biometric technology applications are expected to reach over $1.5 billion by the end of 2012. This represents a tremendous growth in the biometric technology market and shows the potential demand that can be realized if a company can successfully capitalize on this growing market.
Based on the above research studies, it is evident that the UK and other global markets can realize significant benefits if Biometric vehicle access control systems are implemented. However, biometric technology is not a silver bullet. It does not eliminate all potential security challenges. Companies need to incorporate other security measures in order to achieve full deployment of biometric technologies. This is the reason why the forecast for the coming years shows growth in the global biometric technology sector.
The research team projects that the VehicleBiometric vehicle accessSystem market size will grow from XXX in 2020 to XXX by 2027, at an estimated CAGR of XX. The base year considered for the study is 2020, and the market size is projected from 2020 to 2027.
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By Market Players:
BioEnable
Techshino
Miaxis
Nymi
Sonavation
BIODIT
Denso
EyeLock
FPC
Fujitsu
HID Global
IriTech
KeyLemon
NEC
Nuance
Olea Sensor Networks
Safran
Synaptics
VOXX
By Type
Palm Print
Facial
Fingerprint
Iris
Others
By Application
Commercial Vehicle
Passenger Car
Others
By Regions/Countries:
North America
United States
Canada
Mexico
East Asia
China
Japan
South Korea
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Netherlands
Switzerland
Poland
South Asia
India
Pakistan
Bangladesh
Southeast Asia
Indonesia
Thailand
Singapore
Malaysia
Philippines
Vietnam
Myanmar
Middle East
Turkey
Saudi Arabia
Iran
United Arab Emirates
Israel
Iraq
Qatar
Kuwait
Oman
Africa
Nigeria
South Africa
Egypt
Algeria
Morocoo
Oceania
Australia
New Zealand
South America
Brazil
Argentina
Colombia
Chile
Venezuela
Peru
Puerto Rico
Ecuador
Rest of the World
Kazakhstan
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The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Vehicle Biometric Vehicle Access System 2016-2021, and development forecast 2022-2027 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2020.
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2021 & Sales by Product Types.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2022-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.
Market Analysis by Product Type: The report covers majority Product Types in the Vehicle Biometric Vehicle Access System Industry, including its product specifcations by each key player, volume, sales by Volume and Value (M USD).
Markat Analysis by Application Type: Based on the Vehicle Biometric Vehicle Access System Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
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COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Vehicle Biometric Vehicle Access System market in 2021. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
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