Global Vehicle Access Control Market, By System Type (Biometric System and Non-Biometric System), Application (Traffic Management, Sensitive Sites/Facilities/Zones, Toll Ways, Commercial Buildings, Residential Buildings and Others), Technology (NFC, Bluetooth, Radio Frequency Identification (RFID) and Wi-Fi), Vehicle Type {Private Vehicle (PC), Commercial Vehicle (CV)}, EV Type (BEV, HEV, PHEV and FCEV), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Vehicle Access Control Market
Data Bridge Market Research analyses that the vehicle access control market would exhibit a CAGR of 11.2% for the forecast period. Growing rate of production of passenger cars and light commercial vehicles, increased volume of interstate trade, growth and expansion of security and surveillance industry especially in the developing economies and growing adoption of electric vehicles are the major factors attributable to the growth of vehicle access control market. Therefore, the vehicle access control market value would rocket up to USD 25.27 billion by 2028.
Vehicle access control is a system that eliminates the need of human intervention and permits the entry of the vehicle in premises. Vehicle access control enables automatic access to the vehicle and provides authorized access to the vehicles through barriers, gates, doors, and shutters.
Growth in the level of investments for research and development activities and rising volume of traffic on the roads will foster in growth in the market value. Rising focus on improving the safety protocols for general public coupled with rising smart city projects or infrastructural development projects will also create lucrative growth opportunities for the market. Growth in the rate of security breaches and vehicle thefts and rising technological advancements to provide a unique driving experience for the driver will also foster the market growth. Growing penetration of artificial intelligence, internet of things and connected devices will further carve the way for the growth of the market.
However, lack of technological expertise in the developing and underdeveloped economies will pose a major challenge to the market growth rate. High costs involved with technological innovations and technological complexities associated with the integration of a biometric access control system into a car will hamper the market growth rate. Further, high maintenance costs and economic uncertainty will also restrict the scope of growth for the market.
This global vehicle access control market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on vehicle access control market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vehicle Access Control Market Scope and Market Size
The global vehicle access control market is segmented on the basis of system type, application, technology, vehicle type and EV type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Global vehicle access control market on the basis of system type has been segmented into biometric system and non-biometric system. Biometric systems are further bifurcated into face recognition system, fingerprint recognition system, iris recognition system, voice recognition system. Non-biometric system is further bifurcated into keyless entry, stolen vehicle assist, alarm, electronic immobilizers, steering wheel lock and others.
- Based on application, global vehicle access control market has been segmented into traffic management, sensitive sites/facilities/zones, toll ways, commercial buildings, residential buildings and others.
- Based on technology, global vehicle access control market has been segmented into NFC, bluetooth, radio frequency identification (RFID), and Wi-Fi.
- On the basis of vehicle type, global vehicle access control market has been segmented into private vehicle (PC), commercial vehicle (CV). Commercial vehicles (CV) are further segmented into light commercial vehicle and heavy commercial vehicle.
- On the basis of EV type, global vehicle access control market has been segmented into BEV, HEV, PHEV, and FCEV.
Vehicle Access Control Market Country Level Analysis
The global vehicle access control market is analysed and market size insights and trends are provided by country, mode of transport, solution, check-in services, conveying and tracking as referenced above.
The countries covered in the vehicle access control market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the vehicle access control market and will continue to flourish its trend of dominance during the forecast period owing to the earliest adoption of this system and increasing sales of premium vehicles equipped with advanced access control systems. Asia-Pacific region is set to witness unprecedented growth during the forecast period. This is because of the growth in the expenditure for research and development to minimize deployment costs.
The country section of the vehicle access control market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Vehicle Access Control Market Share Analysis
The vehicle access control market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vehicle access control market.
The major players covered in the vehicle access control market report are DENSO CORPORATION, Valeo, MOBIS INDIA LIMITED., Lear Corporation, Nuance Communications, Inc., Synaptics Incorporated, Fingerprint Cards AB, Continental AG, Robert Bosch GmbH, VOXX Automotive Corporation, TOKAIRIKA,CO, LTD., U-Shin Ltd., BorgWarner Inc., BIODIT., HYPR Corp, Akon Infotech, HELLA GmbH & Co. KGaA, AVERY DENNISON CORPORATION., NXP Semiconductors and Irdeto among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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