Vehicle Access Control Market is anticipated to reach US$ 27.29 Bn by 2029 from US$ 13.30 Bn in 2022 at a CAGR of 10.81% during a forecast period.Vehicle Access Control Market Overview
Vehicle access control removes the need for human involvement in vehicle inspection and permits automatic vehicle entry. A vehicle access control system is a combination of technologies that allows the vehicle's user to obtain entry without the need for traditional keys. The vehicle access control system regulates and controls which vehicles enter and exit the premises.To know about the Research Methodology :- Request Free Sample Report
Vehicle Access Control Market Dynamics
Growing car theft incidences in developed countries such as the United States and the United Kingdom are driving the market growth. The number of recorded vehicle thefts in the United States increased from 686,803 in 2015 to 748,841 in 2022, and in the United Kingdom, from 71 vehicles per 1000 cars in 2015 to 115 cars per 1000 cars in 2022. Thus, Technological advancements have resulted in the creation of modern vehicle access control systems to give an excellent driving platform is also driving consumers to choose a vehicle with the most up-to-date access control system. At the same time, security needs at commercial and residential building entry gates are increasing. Research and development facilities, power plants, and nuclear power zones, among other places, frequently hold sensitive information and must be safeguarded against illegal vehicle access. These are the factors that are driving the demand for advanced vehicle access control systems. Similarly, these systems' traffic control features can aid in reducing traffic congestion on toll roads. Thus, technological advancements are assisting in enhancing the acceptability of vehicle access control systems by permitting various combinations of non-biometric and biometric systems. The increasing acceptance of these technologies bodes well for market growth throughout the forecast period. The cost of repair and maintenance for these systems is quite expensive. Also, integrating a biometric access control system into a car is difficult for automakers. Thus, the end-user finds the vehicle access control system challenging to learn. All of these factors are expected to hamper the growth of the vehicle access market.Growing Production & Sale of Passenger & Commercial Vehicles:
Production & Saleof passenger vehicles and commercial vehicles are driving growth in the vehicle access control market. The sales of vehicles are expected to increase significantly in the forecast perioddue to increasing ease of access to car finance schemes, infrastructure projects, logistics, and the E-commerce industry. The growth of the market is also driven by the adoption of contemporary automotive technologies to offer users comfort and safety.Vehicle Access Control Market Segmentation Analysis
By Technology, The biometric segment accounted for the largest market share of xx% in 2022. Biometric systems have the benefit of preventing the user's credentials for entering the car from being stolen. The fundamental security and safety features offered by the non-biometric access control systems include keyless entry, alarm, and stolen car aids to simply enter, safeguard and track your vehicles. However, because the biometric system raises the vehicle's cost, it is currently only used by luxury automobile manufacturers.These systems are prevalent in low-end, mid-end automobiles and luxury cars since they can be easily implemented and used. By Application, in 2022, the tollways segment had the highest market share, with a CAGR of 11.0 percent expected during the forecast period. This is owing to a growing trend for utilizing vehicle access control systems to ensure restricted entry on tollways across the world. These technologies can assist with traffic management on a variety of congested toll highways. However, as these systems become more widely accepted and understood, they are gradually used in commercial and residential buildings to prevent illegal cars from entering.Vehicle Access Control Market Regional Insights
In North America, sales of premium vehicles equipped with advanced access control systems have grown from 2022. Automobile manufacturers also actively employ the most up-to-date and innovative access control systems in the region. For effective road traffic management, vehicle access control systems are also frequently used on roadways across North America. In addition, the market is expected to grow due to increased EV sales and demand for LCVs in Canada and the United States. Thus, North America dominated the global market in 2022 with a revenue share of more than 30%. The Asia Pacific, on the other hand, is expected to be the fastest-growing regional market, with a CAGR of more than 12% throughout the forecast period. Automobile manufacturers are investing heavily in research and development to minimize deployment costs so that these technologies are no longer confined to high-end vehicles and can be installed in low- and mid-range vehicles as well. OEMs in the region are also substantially investing in new vehicle access control features, which is likely to drive the market. OEMs and biometric vendors are working together to develop automobile authentication systems. For example, Hyundai Mobis invested USD 5 million in Deep Glint, a Chinese firm specializing in computer vision technology and artificial intelligence, in March 2022.Vehicle Access Control Market Scope: Inquire before buying
Global Vehicle Access Control Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 13.30 Bn. Forecast Period 2023 to 2029 CAGR: 18.81% Market Size in 2029: US $ 27.29 Bn. Segments Covered: by Technology • Biometric • Non-Biometric • RFID • Others by Application • Tollways • Commercial Buildings • Residential Buildings Vehicle Access Control Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Vehicle Access Control Market Key Players
• Continental AG • Robert Bosch GmbH • Lear Corporation • ELA Innovation S.A. • Hella GmbH • Nuance Communication • Smartrac N.V. • Axis Communications AB • FEIG Electronic • Nedap • Nortec Access Control Ltd • By Techdesign, S.L. • Valeo SA • Denso Corporation • Nuance Communication Inc. • VOXX Automotive Corporation • Delphi Technologies • HELLA GmbH & Co. KGaA • ALPS ALPINE CO., LTD.Frequently Asked Questions:
1. Which region has the largest share in Global Vehicle Access Control Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Vehicle Access Control Market? Ans: The Global Vehicle Access Control Market is expected to grow at a CAGR of 10.81% during forecast period 2023-2029. 3. What is scope of the Global Vehicle Access Control market report? Ans: Global Vehicle Access Control Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Vehicle Access Control market? Ans: The important key players in the Global Vehicle Access Control Market are – Continental AG, Robert Bosch GmbH, Lear Corporation, ELA Innovation S.A., Hella GmbH, Nuance Communication, Smartrac N.V., Axis Communications AB, FEIG Electronic, Nedap, Nortec Access Control Ltd, By Techdesign, S.L., Valeo SA, Denso Corporation, Nuance Communication Inc., VOXX Automotive Corporation, Delphi Technologies, HELLA GmbH & Co. KGaA, ALPS ALPINE CO., and LTD.. 5. What is the study period of this market? Ans: The Global Vehicle Access Control Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Vehicle Access Control Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Vehicle Access Control Market 3.4. Geographical Snapshot of the Vehicle Access Control Market, By Manufacturer share 4. Global Vehicle Access Control Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Vehicle Access Control Market 5. Supply Side and Demand Side Indicators 6. Global Vehicle Access Control Market Analysis and Forecast, 2022-2029 6.1. Global Vehicle Access Control Market Size & Y-o-Y Growth Analysis. 7. Global Vehicle Access Control Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & ForecastBy Technology, 2022-2029 7.1.1. Biometric 7.1.2. Non-Biometric 7.1.3. RFID 7.1.4. Others 7.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 7.2.1. Tollways 7.2.2. Commercial Buildings 7.2.3. Residential Buildings 8. Global Vehicle Access Control Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Vehicle Access Control Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & ForecastBy Technology, 2022-2029 9.1.1. Biometric 9.1.2. Non-Biometric 9.1.3. RFID 9.1.4. Others 9.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 9.2.1. Tollways 9.2.2. Commercial Buildings 9.2.3. Residential Buildings 10. North America Vehicle Access Control Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Vehicle Access Control Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 11.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 12. Canada Vehicle Access Control Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 12.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 13. Mexico Vehicle Access Control Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 13.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 14. Europe Vehicle Access Control Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 14.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 15. Europe Vehicle Access Control Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Vehicle Access Control Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 16.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 17. France Vehicle Access Control Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 17.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 18. Germany Vehicle Access Control Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 18.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 19. Italy Vehicle Access Control Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 19.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 20. Spain Vehicle Access Control Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 20.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 21. Sweden Vehicle Access Control Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 21.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 22. CIS CountriesVehicle Access Control Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 22.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 23. Rest of Europe Vehicle Access Control Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 23.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 24. Asia Pacific Vehicle Access Control Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 24.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 25. Asia Pacific Vehicle Access Control Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Vehicle Access Control Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 26.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 27. India Vehicle Access Control Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 27.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 28. Japan Vehicle Access Control Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 28.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 29. South Korea Vehicle Access Control Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 29.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 30. Australia Vehicle Access Control Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 30.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 31. ASEAN Vehicle Access Control Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 31.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 32. Rest of Asia Pacific Vehicle Access Control Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 32.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 33. Middle East Africa Vehicle Access Control Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 33.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 34. Middle East Africa Vehicle Access Control Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Vehicle Access Control Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 35.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 36. GCC Countries Vehicle Access Control Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 36.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 37. Egypt Vehicle Access Control Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 37.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 38. Nigeria Vehicle Access Control Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 38.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 39. Rest of ME&A Vehicle Access Control Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 39.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 40. South AmericaVehicle Access Control Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 40.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 41. South America Vehicle Access Control Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Vehicle Access Control Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 42.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 43. Argentina Vehicle Access Control Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 43.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 44. Rest of South America Vehicle Access Control Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & ForecastBy Technology , 2022-2029 44.2. Market Size (Value) Estimates & ForecastBy Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Vehicle Access Control Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Lear Corporation 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Continental AG 45.5. Robert Bosch GmbH 45.6. Hella GmbH 45.7. Nuance Communication 45.8. Smartrac N.V. 45.9. Lear Corporation 45.10. ELA Innovation S.A. 45.11. Axis Communications AB 45.12. FEIG Electronic 45.13. Nedap 45.14. Nortec Access Control Ltd 45.15. By Techdesign, S.L. 45.16. Valeo SA 45.17. Denso Corporation 45.18. Nuance Communication Inc. 45.19. VOXX Automotive Corporation 45.20. Delphi Technologies 45.21. HELLA GmbH & Co. KGaA 45.22. ALPS ALPINE CO., LTD. Primary Key Insights