Players Such as Hitachi Ltd (Japan), Fujitsu Ltd (Japan), Safran S.A (France), Synaptics Incorporated (U.S), and Nuance Communication (U.S) in Biometric Vehicle Access System Market
The global biometric vehicle access system market is estimated to be USD 442.72 million in 2016, and is projected to reach USD 854.8 million by 2021, growing at a CAGR of 14.06% from 2016 to 2021. Europe is estimated to lead the market in 2016; fingerprint recognition systems are key contributors to the biometric vehicle access system market in the region.
The key strategies adopted by players to gain traction in the global biometric vehicle access system market are new product developments. New product launches accounted for approximately 48.6% of all the strategies adopted by companies from 2013 to 2016. For instance, in 2015, Hitachi Ltd had developed a new type of finger vein authentication terminal. The terminal would help in the physical access control system and it would utilize the continuous fusion technique. Fujitsu Ltd also had launched two new products in their palm vein authentication segment. They have also added the biometric authentication PalmSecure F-Pro and Palm Vein authentication board to their lineup of products.
The vehicle biometric vehicle access system market is dominated by global players such as Hitachi Ltd (Japan), Fujitsu Ltd (Japan), Safran S.A (France), Synaptics Incorporated (U.S), and Nuance Communication (U.S).
Hitachi Ltd, headquartered in Tokyo, Japan, is a leading automotive-manufacturing company. It was originally founded in 1920. The company’s business operations are divided into various groups such as social infrastructure and industrial systems, automotive systems, information and telecommunications systems and so on. The biometric devices are provided through the information systems segment. Comprehending the commercial potential of biometrics in the automotive industry, the company has begun concentrating on developing new products focused on automotive industry. The company plans to expand its research capabilities by investing close to USD 2.78 billion in R&D.
Fujitsu Ltd is a global technology company that caters to the automotive, financial, and manufacturing markets. The company is headquartered in Tokyo, Japan, and is present in 100 countries through manufacturing sites, technical centers, and customer support centers. The company operates in four segments —namely, technology solutions, ubiquitous solutions, device solutions, and others. The increasing importance of biometric industry has been the contributing factor for innovations in its product line and technologies. For example, the company had announced the addition of two new products in their palm vein authentication segment.
Related Reports:
Biometric Vehicle Access System Market by Authentication type (Fingerprint, Voice), Future Technology (Iris Recognition System), Vehicle Type (Passenger Car, Battery Electric Vehicle), and Region - Global Forecast to 2021
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