Dublin, Sept. 29, 2023 (GLOBE NEWSWIRE) -- The "Vehicle Access Control - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global Vehicle Access Control market is experiencing robust growth, with an estimated value of US$9.9 billion in 2022.
This market is projected to reach approximately US$19.1 billion by 2030, representing a notable compound annual growth rate (CAGR) of 8.6% over the forecast period from 2022 to 2030.
Vehicle Access Control systems encompass a range of technologies and solutions designed to manage and secure access to vehicles and parking facilities.
Segmentation by Access Control Type
- Non-Biometric Systems: This segment is projected to record a CAGR of 8.4%, reaching a market size of US$15.9 billion by 2030. Non-biometric systems include technologies such as keyless entry, RFID (Radio-Frequency Identification), and remote control access, which are widely used for vehicle access and security.
- Biometric Systems: The biometric systems segment is estimated to grow at a higher CAGR of 9.6% over the next eight years. Biometric access control employs unique physiological characteristics, such as fingerprints, iris scans, and facial recognition, for secure vehicle access.
Regional Market Insights
- United States: The U.S. Vehicle Access Control market is estimated at US$2.5 billion in 2022. The country's strong automotive industry and the increasing adoption of advanced access control technologies contribute to its market size.
- China: China is expected to experience remarkable growth in the Vehicle Access Control market, with a projected market size of US$4.2 billion by 2030. The rapid expansion of urban areas and the rising need for vehicle security drive this growth.
- Japan: Japan is forecasted to grow at a CAGR of 6.9%, benefiting from its technologically advanced automotive sector and the deployment of advanced access control solutions.
- Canada: Canada's market is projected to grow at a robust CAGR of 8.8%, driven by increased investments in vehicle access control infrastructure.
- Germany: Within Europe, Germany is expected to grow at a CAGR of approximately 6.9%. The country's strong automotive manufacturing industry fuels the demand for access control solutions.
Key Market Players
Some of the key players in the global Vehicle Access Control market include:
- Denso Corporation
- Continental AG
- Alps Alpine Co., Ltd.
- Axis Communications AB
- CalAmp Corporation
- dormakaba International Holding AG
- Automatic Systems S.A.
- ClearView Communications Ltd.
- Deister Electronic GmbH
- BioSec Group Ltd.
- Delta Scientific Corporation
- Biocom Control & Attendance
- Deep Glint
- Asura Technologies Ltd.
- Axema Access Control
Conclusion
The global Vehicle Access Control market is on a growth trajectory, driven by the increasing need for secure and efficient vehicle access management in various sectors, including commercial, residential, and industrial. Non-biometric systems such as keyless entry and RFID play a significant role in this market, while biometric systems like fingerprint and facial recognition are gaining traction for enhanced security.
The United States, China, Japan, Canada, and Germany are prominent markets contributing to this growth, with expanding urbanization, technological advancements, and strong automotive industries as key factors. Key market players are innovating to provide cutting-edge solutions that cater to the evolving demands of vehicle access control, ensuring a competitive landscape.
As the global economy continues to recover, investments in infrastructure and security are expected to drive the adoption of Vehicle Access Control systems. This presents opportunities for both established players and emerging companies to capitalize on the growing market demand and contribute to the evolution of vehicle access management technologies.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- With OEM Integration of Physical Access Control Systems in Vehicles Linked to Automotive Production Trends, It Pays to Understand Where the Automotive Industry is Heading in 2022 & Beyond
- Recap of COVID-19 Impact on the Automotive Industry in 2020
- Several Downsides Marr Outlook for 2022
- Semiconductor Chip Shortages & Its Induced Production Woes Add to Market Nervousness
- As Automobile Production Recovery Slips On the Original Forecasts, Hit By Chip Shortage Woes, Uncertainty Rips Through the Supply Chain: Global Light Vehicle Production (In Million Units) for Years 2019 Through 2025
- Russia-Ukraine War Has the Automotive Industry on Edge
- Rise in Automobile Thefts & the Ensuing Stringent Motor Vehicle Theft Prevention Regulations Spur Demand for Physical Vehicle Access Control Systems
- Vehicle Access Control Systems Grow in Significance as the Number of Cars Stolen Each Year Increases: Vehicle Thefts (In 000 Vehicles) in the United States for the Years 2019 through 2022
- Motor Vehicle Theft in the United States by Area Type as of the Year 2022
- Keyless Vehicle Access Control Still Remains the Most Widely Used Secure Vehicle Access Control System
- Hack-Proof Keyless Systems Rises in Prominence
- Biometrics Emerges to be the Future of Vehicle Access Control Systems
- Growing Installation of Vehicle Barriers for Controlling Unauthorized Vehicle Access in Restricted Areas Expand the Addressable Market Opportunity for Automated Solutions
- % Share Breakdown of Global Installations of Vehicle Entry Access Control Systems in Facilities Worldwide by Facility Type
- Robust Growth in Electronic Tolling (ETC) to Benefit Investments in Vehicle Access Control Deployments
- Focus on RFID Technology for Vehicle Access Control
- Special Focus on ANPR Based Vehicle Access Control
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/wtek2j
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