Vehicle Access Control Market Forecast and Trends
The global Vehicle Access
Control Market is worth USD 9,317 million and anticipated to grow nearly at a
CAGR of 11.6 % to reach US$ 21,928 Million by 2026. The key driver of the
market for vehicle access control systems is the increase in demand for robust
security and safety controls, which has driven companies around the world to
introduce innovative safety solutions based on technology. Vehicles have become
a critical and vulnerable part of the day-to-day operations of any business,
and it has become essential to track and track the movement of cars in and out
of locations. Besides, rising crime rates are another factor that fuels the
global market for vehicle access control systems.
The growing concern for
vehicle safety, the rising production of PCs and LCVs, and the increasing
demand for electric vehicles have led to a rise in the market. Premium car
models would provide another viable and competitive revenue stream for vehicle
access based biometric systems in the automotive industry in the future. The
implementation of advanced vehicle access control technologies, such as keyless
entry, monitoring, and fingerprint-enabled ignition switches, to enhance driver
experience is expected to drive market growth.
Vehicle Access Control Market Overview:
Vehicle Access Control
System (VAC) is an electronic system designed to control the movement of
vehicles through a facility or environment. The system automatically handles
all vehicle entry decisions, i.e., vehicle image capture, vehicle list
management, access decisions, and barrier monitor. The Vehicle Access Control
System manages a maximum of 400 licenses, which may include access cards,
license plates, PIN/keypads, and mobile access cards. The system can send an
email notification, stream video, and record video to the Secure Digital card
when unauthorized vehicles are detected.
Advancement in the
The advent of the cloud and
the Internet of Things (IoT) have had a significant impact on the entire
security industry as a whole, and this certainly involves the market for access
control. Such digital innovations have opened up new possibilities for
conventional access control systems in the past, such as remote monitoring,
less complicated increments, and central reporting/management.
Increasing Threats due to
rising crime rates
The rising instances of car
thefts worldwide are particularly necessitating the installation of vehicle
access control systems. In particular, the improved safety features provided by
modern vehicle access control systems enable car owners to outfit their
vehicles with these devices. Growing concerns about the safety and security of
vehicles in both developing and developed countries are expected to drive
demand for vehicle access control systems over the forecast period.
Higher Maintenance Cost and
the complexity in operating Vehicle Access Control Market
However, the high
maintenance costs associated with these systems are expected to hinder the
market growth of Vehicle Access Control Market in the forthcoming years.
Integrating biometric access control systems into a vehicle may be a
challenging task for car companies, end-users may also find it challenging to
get to know the latest and creative vehicle access control systems, which may
also deter the growth of Vehicle Access Control Market.
Vehicle Access Control Market: Type
Based on Type, the Vehicle
Access Control Market segmented into Biometric System, and Non-Biometric
System. The non-biometric system segment is projected to be the largest and
fastest-growing market since the system uses automotive sensors, which are a
robust and less costly technology. Such sensors are relatively simple and are
used in applications such as keyless entry, making it easy for OEMs to
implement these features in almost all premium models. The trend for safety
features with durability is expected to boost the market.
Vehicle Access Control Market: Vehicle Type
Based on Vehicle Type, the
Vehicle Access Control Market segregated into PC, LCV, and HCV. The light
commercial vehicle (LCV) segment is expected to be the fastest-growing market
during the forecast period due to the safety features such as alarms, immobilizers,
and central locking now being added as a standard attribute by OEMs in
developed countries. In addition, sales of LCV are steadily increasing in many
countries, which will fuel the demand for light commercial vehicles.
Vehicle Access Control Market: Technology
Based on Technology, the
Vehicle Access Control Market segregated into Bluetooth, NFC, RFID, and Wi-Fi.
The RFID system segment is expected to augment at a very high CAGR during the
forecast period due to the increasing acceptability and knowledge of these
systems, which are contributing to a gradual reduction in the entry of
unauthorized vehicles in commercial and residential buildings. The RFID system
is used to enable the entry of vehicles on toll roads and highways. Such devices
can help manage traffic on different toll roads that are vulnerable to
Vehicle Access Control Market: Application
Based on Application, the
Vehicle Access Control Market segregated into Traffic management, Sensitive
sites, Toll ways, Commercial buildings, Residential buildings, and Others. The
residential segment is expected to augment at a substantial CAGR during the
forecast period due to rising crime rates and continuous technological
advances. Commercial vertical holdings are projected to have a dominant market
share and are expected to remain dominant throughout the forecast years, due to
the high demand for protection of people and properties from unofficial access,
the need for security solutions has increased the market for vehicle access
Vehicle Access Control Market: Regional insights
By geography, the global
Vehicle Access Control Market segregated into North America, Europe, Asia
Pacific, Middle East & Africa, and Latin America. Asia Pacific is projected
to expand at a significant CAGR during the forecast period due to the growing
industrialization, commercialization, and high demand for safety systems that
are boosting the market for vehicle access control systems in the region. North
America is expected to hold a majority share of the global market for vehicle
access administration systems and is expected to maintain its dominant position
during the forecast period due to the trend towards early adoption of
Access Control Market: Competitive Landscape
The major market players in
the Global Vehicle Access Control are • Denso
Corporation, Valeo, Continental AG, Robert Bosch, Nuance Communication,
Automatic Systems, T3 Security Integration Pte Ltd., Securax Tech Solutions
Pvt. Ltd., Kambar Technologies, Nedap N.V., Avon Barrier Corporation Ltd,
Guangzhou COMA Electronics Co.Ltd., Nasatka Security, Vehicle Access Systems
Ltd., and other Prominent Players are expanding their presence in the market by
implementing various innovations and technologies.
objective of the Study:
To analyze and forecast the
global Vehicle Access Control Market size of the market, in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, based on the
region by segmenting the Global Vehicle Access Control Market into five
regions, namely, North America, Europe, Asia Pacific, Middle East, South
America and their leading countries.
To outline, categorized and
forecast the global Vehicle Access Control Market based on the Type, Vehicle
Type, Technology, and Application.
To examine competitive
developments like technological advancement, services, and regulative framework
within the global Vehicle Access Control Market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
of the Report
By Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle
Asia Pacific (APAC)
Middle East & Africa
Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of
value and volume and market statistics with a detailed classification?
Which segment dominates the market or region
and one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key
player and their impact on other players.
Scope for the Client
Client satisfaction is our
first and last priority and that is why BlueWeave Consulting offers
customization according to Company’s specific needs. The following
customization options are available for the report:
With five additional company detail analysis
Additional country analysis
Detailed segment analysis