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Biometric Vehicle Access System Market to Grow 14% by 2021 - Driven by Government Regulations Mandating Safety Features - Research and MarketsResearch and Markets has announced the addition of the "Biometric Vehicle Access System Market - Global Forecast to 2021" report to their offering. The biometric vehicle access system market is estimated to be USD 442.7 million in 2016, and is projected to reach USD 854.8 million by 2021. The market, in terms of value, is projected to grow at a CAGR of 14.06% from 2016 to 2021. Factors such as the increase in vehicle sales, growing awareness regarding vehicle security systems among consumers, government regulations mandating safety features, and increase in vehicle thefts are driving the demand for biometric vehicle access systems. However the rising production costs of premium safety features make these features unaffordable for consumers, and could adversely affect the biometric vehicle access system market. Europe is estimated to be the largest market for biometric vehice access systems. The Asia-Pacific biometric vehicle access system market, in terms of value, is projected to grow at the highest CAGR from 2016 to 2021. This can be mainly attributed to the rising vehicle production and the increasing installation of safety features in passenger cars, commercial vehicles, and off-highway vehicles. The growth in European market can be attributed to the rising number of patents and technological advancements. Companies Mentioned:
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Biometric Vehicle Access System Market, By Region 7 Biometric Vehicle Access System Market, By Authentication Type 8 Biometric Vehicle Access System Market, By Future Technology 9 Biometric Vehicle Access System Market, By Vehicle Type 10 Competitive Landscape 11 Company Profiles 12 Appendix For more information about this report visit http://www.researchandmarkets.com/research/4n8mzf/biometric_vehicle View source version on businesswire.com: http://www.businesswire.com/news/home/20161214005685/en/ |
