Biometric Driver Identification System Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022

Published on : Sep-2017 | List of Tables : 276 | List of Figures : 102 | No. of Pages : 170 | Report Code : FACT283MR |

Biometric Driver Identification System Market – Key Insights

  • The biometric driver identification system market registered a striking CAGR of over 19% during the period, 2012 to 2016. Sales of biometric driver identification system are anticipated to remain driven by their adoption in the fleet management companies, where drivers’ safety is a ‘top-of-the-mind’ concern.
  • The biometric driver identification system market was valued at US$ 10 Bn in 2018, and forecast to register a remarkable Y-o-Y growth of nearly 25% in 2019.
  • North America will remain a lucrative market for biometric driver identification system, attributed to the region’s technological and economic vigor, along with strong awareness pertaining to vehicle safety.
  • Europe is anticipated to hold the second largest position in the biometric driver identification system market, on account of stringent government policies in the region to ensure road safety, and encourage the adoption of security systems in manned vehicles.

What are the Significant Growth Determinants for the Biometric Driver Identification System Market?

  • Growing preference for on-demand cab booking businesses have paved lucrative growth opportunities for the biometric driver identification system market. Gains are expected to witness a tremendous rise as these security systems witness rapid adoption in on-demand cab services for safety of passenger and driver alike.
  • Incorporation of the biometric driver identification system for monitoring health conditions such as fatigue and drowsiness among drivers is gaining widespread popularity to control and prevent the road accidents.
  • Biometric driver identification systems seek extensive use in the fleet management, on the back of their efficacy to gauge individual driver’s performance and prevent unauthorized use of vehicles, thereby ensuring safety.
  • Focus of the fleet management companies to expand their driver base has resulted in the incorporation of advanced features in vehicles. This has complemented the adoption of biometric driver identification system as a unique selling proposition, in line with strengthening their marketing campaigns.
  • Evolving consumer lifestyle and spending capacity have underpinned sales of vehicles with enhanced safety features, to prevent unauthorized access and reduce the risk of theft. This will significantly complement growth of the biometric driver identification system market.
  • Growth of the biometric driver identification system market is also expected to remain influenced by the stringent government policies pertaining to road safety, which recommend and mandate the incorporation of key security systems into vehicles.

What are the Key Challenges Encountered by the Biometric Driver Identification System Industry?

  • Limited penetration of technology in emerging economies and lack of consumer awareness apropos of advanced vehicle safety features will impede the sales of biometric driver identification system.
  • High cost of these safety modules, when incorporated in vehicles, make them a premium feature, which in turn impacts the overall cost of the vehicles. This has further constrained adoption to a certain extent.

Biometric Driver Identification System Market – A Glance at the Competition Landscape

  • In 2017, Continental AG completed the acquisition of Quantum Inventions to leap into the intelligent transportation space. The combined strength of both companies will offer robust value propositions to customers.
  • In 2017, Robert Bosch GmBH collaborated with IBM to provide novel technological solutions for updating millions of IoT devices, which will further open new avenues for various industrial applications.
  • Synaptics launched fingerprint access for cars by integrating smart sensors into the control systems. The smart biometric systems will have the competency to identify the driver by monitoring the seat position monitored in the database.

Significant players operating in the biometric driver identification system market comprise Bayometric LLC, Bioenable Technologies Pvt. Ltd, Continental AG, Denso Corporation, Fujitsu Ltd, HID Global Corporation, Mitsubishi Heavy Industries Ltd, Gentex Corporation, Robert Bosch GmbH, and Hitachi Ltd.

Additional Insights

Multi-Biometrics Equipped with Real-Time Recognition – A Key Trend

The biometric driver identification market has been witnessing a significant growth in the development of solutions that operate multiple features, with competent security and accuracy. Key players in the biometric driver identification system market have been working on matching fingerprint and face details, apart from the multi-modal capabilities. Additionally, real-time biometric recognition while matching databases has emerged as the next level of identification security. Leading players in the biometric identification system market have also been working on the development of facial recognition systems that would detect the tiredness of drivers, thereby reducing the chances of road accidents. Infrared sensors have recently begun witnessing adoption in the biometric driver identification system for monitoring and anticipating distractions to drivers. It is highly likely that the biometric driver identification system will replace the drivers’ license in the long run.

Research Methodology

This detailed research report on the biometric driver identification system market is the result of an accurate and reliable research methodology employed to compile the study and assess the crucial drivers, trends, and restraints of biometric driver identification system market. Primary as well as the secondary research methodologies have been leveraged to obtain significant insights into the biometric driver identification system market.

Interviews with the experts of biometric driver identification system market were set up in order to form the basis of the primary research of biometric driver identification system market, while press releases, trade journals, paid sources and similar other publications related to biometric driver identification system market. Ultimately, the data obtained from the primary and secondary methodologies are combined to filter out any misleading and vague information and the research report is compiled with only accurate of the insights into biometric driver identification system market.

Biometric Driver Identification System Market

Recently, Fact.MR published a research report on biometric driver identification system market, which provides detailed insights into the growth determinants of the market. The report also offer key restraints, opportunities and trends affecting growth of the biometric driver identification system market.

Chapter 1: Global Biometric Driver Identification System Market – Executive Summary

The research report on the biometric driver identification system market begins by examining the current and future scope of the market. Detailed information about the scope of the market for the forecast period 2012-2022 has been incorporated in the report.

Chapter 2: Global Biometric Driver Identification System Market – Overview

The market study lends a holistic view of the market by providing an in-depth introduction of the market along with crucial market definitions. The subsequent section of this report sheds light on the significant drivers, restrainers, and trends followed in the biometric driver identification system market.

Chapter 3: Global Biometric Driver Identification System Market Analysis and Forecast, by Vehicle Type

A brief introduction of the market segmentation has been presented in this report in order to provide a detailed analysis of the biometric driver identification system market on the basis of the vehicle type.

Chapter 4: Global Biometric Driver Identification System Market Analysis and Forecast, by Application

On the basis of the application, the global biometric driver identification system market is classified into engine start-stop system market, driver fatigue and drowsiness monitoring system market, biometric vehicle access system market, memory steering market, memory seats market, and infotainment system market.

Chapter 5: Global Biometric Driver Identification System Market Analysis and Forecast, by Type

Based on the type, the global biometric driver identification system market can be fragmented into fingerprint identification market, voice analysis market, signature market, face recognition market, iris scan market, retina scan market, palm vein authentication market, hand geometry market, and multi-modal biometric recognition system market.

Chapter 6: Global Biometric Driver Identification System Market Analysis and Forecast, by Region

This chapter of the report provides key insights into the biometric driver identification system market based in North America, Europe, the Middle East and Africa, Japan, APEJ, and Latin America.

Chapter 7: North America Biometric Driver Identification System Market Assessment and Prediction, by Country

The chapter of the study lends detailed insights into the biometric driver identification system market based in North America. Historical assessment and future growth prospects of the market are discussed in this report.

Chapter 8: Latin America Biometric Driver Identification System Market Assessment and Prediction, by Country

This section lends key information pertaining to the growth prospects of biometric driver identification system market in Latin America. The subsequent chapters of the report provide historical analysis and forecast on the basis of the market segmentation.

Chapter 9: Europe Biometric Driver Identification Systems Market Assessment and Prediction, by Country

This section of the report provides crucial insights into the growth prospects of the biometric driver identification system market in Europe, along with historical assessment and prediction.

Chapter 10: Japan Biometric Driver Identification Systems Market Assessment and Prediction, by Country

The chapter lends a brief outline of the market present in Japan and discusses the growth prospects based on the detailed market segmentation.

Chapter 11: APEJ Biometric Driver Identification System Market Assessment and Prediction, by Country

This section of the report offers comprehensive view of the biometric driver identification system market based in the APEJ region. The following chapters of the report provide historical assessment and forecast depending on the market segmentation.

Chapter 12: MEA Biometric Driver Identification System Market Assessment and Prediction, by Country

A detailed outlook on the biometric driver identification system market based in the Middle East and Africa region is provided in this section of the report, along with comprehensive historical assessment and prediction of the market.

Chapter 13: Global Biometric Driver Identification System Market – Competition Landscape

This section of the report discusses the competitive landscape of the market and profiles significant players of the biometric driver identification system market. The report also provides key insights into the market size for each of these players and an in-depth SWOT analysis.

Chapter 14: Global Biometric Driver Identification System Market – Research Methodology

This research report has been compiled with the help of tried and tested research methodology to provide precise information about the biometric driver identification system market.

Chapter 15: Global Biometric Driver Identification System Market – Secondary and Primary Sources

Several primary and secondary sources have been consulted to form the basis of the report and obtain valuable insights into the biometric driver identification system market.

Chapter 16: Global Biometric Driver Identification System Market – Assumptions and Acronyms

In order to provide a precise understanding of the biometric driver identification system market, acronyms and assumptions included in the report are explained in this section.

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Biometric Driver Identification System Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022