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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Vehicle Access Control Market Outlook
The global vehicle access control market was valued at nearly USD 14.36 billion in 2023 and is further expected to grow at a CAGR of 11% during the forecasted period of 2024-2032 to reach USD 36.66 billion by 2032.
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The vehicle access control industry is being driven by the increasing incidence of vehicle theft, the growing awareness regarding vehicle security, the increase in the production of passenger cars and light commercial vehicles, and the growing preference for electric vehicles globally.
Market Segmentation
The global vehicle access control industry can be broadly categorised based on segments like system types, technology, vehicle types, electric vehicles, and regions.
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- System Type:
- Biometric System
- Face Recognition System
- Fingerprint Recognition System
- Iris Recognition System
- Voice Recognition System
- Non-Biometric System
- Face Recognition System
- Fingerprint Recognition System
- Iris Recognition System
- Voice Recognition System
- Biometric System
- Technology:
- NFC
- Bluetooth
- RFID
- Wi-Fi
- Vehicle Type:
- Passenger car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Electric Vehicle:
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
The EMR report looks into the regional vehicle access control markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The adoption of advanced vehicle access control systems to ensure vehicle security and prevent vehicle theft incidences is propelling the growth of the global vehicle access control industry. With the advancing technology, the development of the biometric system, including fingerprint and voice recognition, is expected to aid the industry in the future. Further, factors like the increased investment by major automotive companies to reduce the installation cost of such systems, the growing demand for enhanced security and safety features, and the rising preference for premium car models are expected to contribute significantly to the industry growth.
The light commercial vehicle segment, among other vehicle types, is anticipated to witness the highest growth rate between 2021 and 2026. Region-wise, North America is expected to lead the global vehicle access control industry over the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global vehicle access control market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Denso Corporation
- Valeo
- Continental AG
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
- HELLA GmbH & Co. KGaA
- Intellicar Telematics
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by System Type |
|
| Breakup by Technology |
|
| Breakup by Vehicle Type |
|
| Breakup by Electric Vehicle |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Vehicle Access Control Market Report Snapshots
Vehicle Access Control Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global vehicle access control market reached a value of USD 14.36 billion in 2023.
The market is projected to grow at a CAGR of nearly 11% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 36.66 billion by 2032.
The major drivers of the market include the rising disposable incomes, increasing population, rising adoption of advanced vehicles, rapid advancement of biometric systems, and the increasing preference for premium car models.
The rising investments by major automotive companies to reduce the installation cost of vehicle access control systems and rapidly advancing technology are expected to be major key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.
The leading system types of vehicle access control in the market are biometric system and non-biometric system.
The major technologies of vehicle access control in the market are NFC, Bluetooth, RFID, and Wi-Fi.
The leading vehicle types in the market are passenger car, light commercial vehicle, and heavy commercial vehicle.
The significant electric vehicles in the market are hybrid electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle.
The leading players in the global vehicle access control market are DENSO Corporation, Valeo, Continental AG, Robert Bosch GmbH, Mitsubishi Electric Corporation, HELLA GmbH & Co. KGaA, and Intellicar Telematics, among others.
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