Growing At A CAGR of over 14%, Biometric Vehicle Access System Market Is Projected To Reach USD 854.92 Million By 2024
Global Biometric Vehicle Access System Market is projected to reach USD 854.92 Million by 2024, growing at a CAGR of over 14% during the forecast period due to increasing biometric technologies, growing technological advancements, growing demand for vehicle electrification and increasing safety regulation. Based on authentication type, the biometric vehicle access system market has been segmented into Fingerprint and Voice. In 2017, the fingerprint recognition system is projected to account for the largest market share, in terms of value. In 2018, the Europe & CIS region dominated the market due to increasing demand for multifactor authentication and growing investments in automotive technology. Moreover, increasing stringent safety regulations in the automotive industry globally and upcoming advanced safety technologies will trigger the biometric vehicle access system market during the forecast period. Years considered for this report: Historical Year : 2014 - 2017 Base Year ...