A new report from Grand View Research is predicting significant growth for the vehicle access control market over the next several years, with biometric technology poised to play an important role.
The overall market is forecast to reach a value of $17.3 billion by 2025, reflecting a CAGR of 10.6 percent for the 2019-2025 forecast period. And the biometric segment of vehicle access control will see the fastest growth, according to a report synopsis.
“Biometric solutions can be based on various technologies, such as fingerprint recognition, face recognition, and iris recognition,” Grand View Research said. “Given that biometrics, such as fingerprints and irises, are characteristic to every individual and are unique and unrepeatable, any solution based on biometrics can provide unmatched security.”
That isn’t strictly true, of course: in today’s biometrics industry, there is an urgent discussion about the need for sophisticated liveness detection technologies that are able to detect spoofed biometric credentials. But such technologies can easily be implemented in vehicular solutions, helping to ensure that biometric tech remains a valuable security tool in vehicle access control.
Offering a regional breakdown of the growth trend in the overall vehicle access control market, Grand View Research says that the APAC market will see the fastest growth over the forecast period. The market research firm adds that key players in this market include Continental AG, Robert Bosch GmbH, Hella GmbH, Smartrac N.V., Lear Corporation, and Nuance Communications, by which it presumably also refers to Nuance’s automotive spinoff, Cerence.