Dublin, April 15, 2024 (GLOBE NEWSWIRE) -- The "Vehicle Access Control - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Vehicle Access Control estimated at US$10.6 Billion in the year 2023, is projected to reach a revised size of US$19.1 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2023-2030.
Non-Biometric Vehicle Access Control Systems, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$15.9 Billion by the end of the analysis period. Growth in the Biometric Vehicle Access Control Systems segment is estimated at 8.5% CAGR for the next 8-year period.
The Vehicle Access Control market in the U.S. is estimated at US$2.7 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 7.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.
Key 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 the Coming Years
- 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
- 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
- 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
- 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
The report features profiles of 75 featured companies. A selection of companies in the report includes:
- 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 Technoliges ltd.
- Axema Access Control
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Economic Outlook
- Competition
- Vehicle Access Control - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Vehicle Access Control - Definition, Types, & Benefits
- Recent Market Activity
- Innovations
- World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- United States
- Canada
- Japan
- China
- Europe
- France
- Germany
- Italy
- United Kingdom
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Iran
- Israel
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East
- Africa
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/mo1j8i
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