(EMAILWIRE.COM, March 24, 2018 ) Publisher projects that the Biometric Identification market size will grow from USD 5.53 Billion in 2017 to USD 21.77 Billion by 2023, at an estimated CAGR of 25.66%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

The market is estimated to grow in the near future owing to factors such as increased demand for vehicle security and passenger comfort. Beyond 2023, the demand for biometric identification system would be driven by the advancements in future mobility solutions such as autonomous cars and their infrastructure, integrated mobility solutions, and goods transport through personalized pods. These future mobility solutions are projected to have personalized access systems, payment gateways, and infotai

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Biometric Identification Market Players:

· Hitachi Ltd.

· FUJITSU

· Safran

· Synaptics Incorporated

· Nuance Communications,

· Methode Electronics

· HID Global Corporation/Assa ABLOY AB

· VOXX International Corp.

· Fingerprint Cards AB

· Voicebox Technologies Corporation

· Robert Bosch GmbH

· Continental AG

By Product Type:

Fingerprint, Voice, Iris,


By Application:

Driver Fatigue & Drowsiness Monitoring System, Eye Tracking/Blink Monitoring, Facial Expressions/Head Movements,

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Biometric Identification market based on product and application. It also provides market size and forecast till 2023 for overall Biometric Identification market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

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Also, key Biometric Identification market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

Reason to Buy

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the Biometric Identification market, thereby allowing players to develop effective long term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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