Vehicle Access Control Market is expected to generate a revenue of USD 18.66 Billion by 2028, Globally, at 10.5% CAGR: Verified Market Research®

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Feb 07, 2023, 10:15 ET

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Vehicle Access Control Market.

JERSEY CITY, New Jersey, Feb. 7, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Vehicle Access Control Market" By Type (Biometric System and Non-Biometric System), By Technology (Wi-Fi, RFID, NFC and Bluetooth), By Vehicle Type (PC, LCV, HCV and Electric Vehicle), By Application(Toll Ways, Commercial Buildings, Residential Buildings), and By Geography.

As per the deep research carried out by Verified Market Research®, the global Vehicle Access Control Market size was valued at USD 8.42 Billion in 2020 and is projected to reach USD 18.66 Billion by 2028, growing at a CAGR of 10.5% from 2021 to 2028.

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Browse in-depth TOC on "Vehicle Access Control Market"

202 - Pages
126 – Tables
37 – Figures

Global Vehicle Access Control Market Overview

Based on variables including occupation, time of day, and day of the week, the Car Access Control system permits the vehicle admission. Both biometric and non-biometric components make up the system. By allowing autonomous access to a car, this method did away with the need for human interaction to inspect the vehicle. It effectively regulates the vehicle's entrance and offers improved safety and security. It is frequently used for security purposes in the home and business sectors.

Due to rising customer demand, rising sales of electric vehicles, and rising car manufacturing, the market for vehicle access control is expanding rapidly. Another reason driving the market's expansion is the rise in vehicle theft incidents. The National Insurance Crime Bureau's statistics shows that there were 229,339 vehicle thefts in the US where the keys or fobs were left inside the vehicle (NICB). This number indicates a 56% rise in vehicle thefts involving keys over the 147.434 stolen vehicles.

Keyless car entry and more sophisticated ignition techniques, like facial recognition and fingerprint authorization, can significantly increase security and lower the loss per motor vehicle theft. As a result, the market for vehicle access control is expanding as a result of an increase in auto theft. In the past few years, false acceptance rate (FAR) and false rejection rate (FRR) of biometric access control systems using iris and fingerprint recognition and matching with faulty input have been greatly improved.

Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Vehicle Access Control Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Key Players

The "Global Vehicle Access Control Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Denso Corporation, Valeo, Continental AG, Robert Bosch, Nuance Communication, Hella GmbH, Mitsubishi Electric, Lear Corporation, Synaptics Incorporated, Johnson Electric, Nuance Communication, Smartrac N.V, and Fingerprint Cards.

Based on the research, Verified Market Research® has segmented the global Vehicle Access Control Market into Type, Technology, Vehicle Type, Application and Geography.

Vehicle Access Control Market, by Type

Biometric System
Non-Biometric System

Vehicle Access Control Market, by Technology

Wi-Fi
RFID
NFC
Bluetooth

Vehicle Access Control Market, by Vehicle Type

PC
LCV
HCV
Electric Vehicle

Vehicle Access Control Market, by Application

Toll Ways
Commercial Buildings
Residential Buildings
Others

Vehicle Access Control Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

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Commercial Vehicle Electrification Market By Vehicle Type (Light commercial vehicles, Heavy-duty commercial vehicles), By Hybridization (Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV)), By Geography, And Forecast

Autonomous Cars Market By Type (Fully Autonomous Vehicles and Semi-Autonomous Vehicles), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Geography, And Forecast

Keyless Vehicle Access Control Systems Market By Product (Passive Keyless Entry Systems (PKES) , Remote Keyless Entry System (RKES)), By Application (Passenger Vehicle , Commercial Vehicle), By Geography, And Forecast

Top vehicle access control companies upgrading security measures via sensors

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