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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Vehicle Access Control 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.
Vehicle Access Control Market Report Snapshots
Vehicle Access Control Market Size
Vehicle Access Control Market Analysis
Vehicle Access Control Companies
*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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