Global Vehicle Access Control Market by Application (Commercial Buildings, Residential Buildings, Tollways), by Technology (Biometric, Non-biometric, RFID) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global vehicle access control market was worth USD 8,624.5 millions in 2018. It is projected to grow at a compound annual rate (CAGR of 10.6%) between 2019 and 2025. Market growth is expected to be driven by the rising incidence of vehicle theft in both developed and developing countries. Consumers are encouraged to purchase vehicles with the most recent access control systems due to technological innovations. Automotive companies are making aggressive investments to lower the cost of vehicle access control systems, which will increase their penetration across all price ranges. This is expected to contribute to market growth.

Advanced safety features are becoming more important to prevent unauthorized entry to vehicles. The security requirements for residential and commercial buildings at their entry points is also increasing. The nation's economy depends on research & development centers, power stations, and nuclear power zones. These establishments contain confidential information that must be kept safe from unauthorized vehicular access. These are the main reasons for the increased demand for vehicle access control systems.

Vehicle access control systems can be installed on tollways as well as in commercial and residential buildings. These systems have traffic management capabilities that can reduce congestion on tollways. Technology advances are also making it easier to accept vehicle access control systems. They can be used in a variety of combinations, including biometric and non-biometric. These systems are becoming more popular, which bodes well to market growth in the future.

Vehicle access control systems are becoming more popular in developed countries, but they are also being adopted slowly in developing nations. There are a few obstacles that prevent the widespread adoption of these systems. Second, although it can be difficult for car companies to integrate access control systems based upon biometrics into a vehicle, end users may find it difficult to learn about the most recent vehicle access control systems. The popularity of vehicle access control systems is increasing, which can make it easier for new users to get familiar with them. The second issue is the high cost of repairing these systems. However, market players are making aggressive efforts to reduce deployment and implementation costs, which is expected to drive market growth.

Technology Insights

In 2018, the largest market share was held by the non-biometric segment. The largest market share was held by the non-biometric segment. It offers basic safety and security features such as keyless entry and intrusion alarm. These systems can also help owners track, protect, and access their vehicles. Because they are easy to use and implement, these systems are popular among premium and low-end cars. Non-biometric access control systems for vehicles cannot be considered reliable, especially since thieves have bypassed them in a few instances.

Over the forecast period, the biometric segment will be the fastest growing segment. This rapid growth can be attributed largely to the growing adoption of biometrics-based access controls systems in automobiles. The use of biometrics-based access control systems in automobiles can prevent vehicle theft and allow the owner to have easy access. The popularity of biometric systems increases when they can be customized to provide a more personalized experience for users. The adoption of biometrics-based vehicle control systems is expected to increase, especially in premium cars.

Application Insights

The market for vehicle access control has been segmented based on its application into tollways and commercial buildings, residential buildings, etc. Vehicle access control systems are commonly used in tollways. These systems use the HTML3_ RFID technology HTML3_ to allow vehicles to enter tollways and highways. These systems are useful in managing congestion on toll roads. These systems are becoming more popular and well-known.

In 2018, the tollways segment accounted for the largest market share. This segment will also see a healthy CAGR (11.0%) over the forecast period. This is due in part to the increasing use of vehicle access control systems to allow controlled access to all tollways around the globe. Due to the continued use of access control systems within commercial buildings, the commercial buildings segment will see a 11.9% CAGR between 2019 and 2025. This segment growth can also been attributed to growing concerns about restricting unauthorized vehicular entry and the safety of automobiles parked within commercial buildings.

Regional Insights

With a more than 30% revenue share, North America dominated global markets in 2018. North America is seeing a rise in sales of premium cars with advanced access control systems. Automakers across the region have been aggressively adopting new vehicle access control systems. To manage traffic efficiently on North American highways, vehicle access control systems are used extensively.

Asia Pacific will be the fastest-growing region market, with a CAGR exceeding 12% during the forecast period. Automobile companies are investing heavily in research and development to lower deployment costs. These systems can be used not only for high-end vehicles but also for low-end and medium-end cars. In Asia Pacific, low-end and middle-end cars are very popular. Automakers in the region have been focusing on the installation of access control systems in low and mid-end cars, without raising prices.

Market Share Insights & Key Companies

All of these players want to expand their market share. These strategies and initiatives include strategic partnerships, strategic investments, mergers and acquisitions, and making strategic investments. Market players also launch new products and services, and maintain competitive prices.

Continental AG purchased Kathrein Automotive GmbH in Germany in February 2019. Kathrein Automotive GmbH is a supplier of satellite and antenna technology. Continental AG plans to leverage the acquisition to expand its vehicle connectivity business. Continental AG also expanded its product range to include everything from rod antennas to intelligent antenna modules. Intelligent antennas are available for many applications including remote access keys or telematics solutions. The market leader in vehicle access control is:

• Continental AG

• Robert Bosch GmbH

• Hella GmbH

• Nuance Communication

• Smartrac N.V.

• Lear Corporation

Up Market Research published a new report titled “Vehicle Access Control Market research report which is segmented by Application (Commercial Buildings, Residential Buildings, Tollways), by Technology (Biometric, Non-biometric, RFID), By Players/Companies Lear Corporation, Hella GmbH, Continental AG, Nuance Communication, Smartrac NV, Robert Bosch GmbH”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Vehicle Access Control Market Report Segments:

The market is segmented by Application (Commercial Buildings, Residential Buildings, Tollways), by Technology (Biometric, Non-biometric, RFID).

Vehicle Access Control Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Vehicle Access Control Market

Overview of the regional outlook of the Vehicle Access Control Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Vehicle Access Control Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Vehicle Access Control Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Commercial Buildings

                2. Residential Buildings

                3. Tollways

                1. Biometric

                2. Non-biometric

                3. RFID

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Vehicle Access Control Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Vehicle Access Control Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.