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Vehicle Access Control Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Germany, China, Japan, UK - Size and Forecast 2024-2028

Vehicle Access Control Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Germany, China, Japan, UK - Size and Forecast 2024-2028

Published: Aug 2024 147 Pages SKU: IRTNTR72237

Market Overview at a Glance

$4.47 B
Market Opportunity
8.51%
CAGR
7.67
YoY growth 2023-2024(%)

Vehicle Access Control Market Size 2024-2028

The vehicle access control market size is forecast to increase by USD 4.47 billion at a CAGR of 8.51% between 2023 and 2028.

  • The market is experiencing significant growth due to several key trends. The rising incidence of vehicle thefts is driving the demand for advanced access control systems. Additionally, the development of standard ecosystems for keyless vehicles is enabling seamless access and enhancing convenience for consumers. However, the decreasing automotive production and sales may pose a challenge to market growth. Despite this, the market is expected to continue its expansion as technology advances and consumers increasingly prioritize security and convenience In their vehicles. Keywords: the market, market growth, rising vehicle theft, keyless vehicles, standard ecosystems, automotive production, sales.

    • What will be the Size of the Vehicle Access Control Market During the Forecast Period?

    Vehicle Access Control Market Size

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  • The market is experiencing significant growth due to increasing concerns over vehicle security and the integration of advanced safety features in passenger cars and commercial vehicles. Automotive companies are investing in research and development centers to innovate access control solutions using biometric systems, antenna technology, and satellite technology. These systems provide enhanced security against vehicle theft, particularly in high-risk areas such as power plants, nuclear power zones, tollways, and areas prone to traffic congestion. New product developments include integration with smartphone functions via cell phone applications, ADAS (Advanced Driver-Assistance Systems), and smart key technology. The market is also witnessing mergers and acquisitions among key players to expand their product portfolios and geographical reach.
  • The rising disposable income and increasing popularity of electric vehicles are further driving market growth. Overall, the market is expected to continue its upward trajectory, offering substantial opportunities for stakeholders.

    • How is this Vehicle Access Control Industry segmented and which is the largest segment?

    The vehicle access control industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

    • Technology
      • RFID
      • NFC
      • Bluetooth
      • Others
    • Geography
      • North America
        • US
      • Europe
        • Germany
        • UK
      • APAC
        • China
        • Japan
      • South America
        • Middle East and Africa

        By Technology Insights

        • The rfid segment is estimated to witness significant growth during the forecast period.

        The RFID segment dominates The market due to its cost-effectiveness, ease of installation, and swift authorization process for vehicle owners. RFID technology is employed in various applications, including residential and commercial buildings, tollways, and others. At tollways and highways, RFID systems facilitate entry and exit, alleviating traffic congestion issues. The growth of the market is driven by the ongoing expansion of road infrastructure leading to the installation of additional toll gates. Safety is a top priority for automotive companies, resulting In the integration of advanced access control systems in passenger vehicles and light commercial vehicles. These systems incorporate AI, cloud services, and OS for enhanced security features.

        New product developments, such as smartphone functions and self-driving vehicles, are also contributing to market growth. Electric vehicles are gaining popularity, further expanding the market's scope. The integration of modular hardware design and smart key technology in passenger cars and commercial vehicles is further fueling market expansion. The increasing disposable income of consumers and the growing demand for connected vehicles with advanced driver-assistance systems (ADAS) are additional market growth factors.

        Vehicle Access Control Market Size

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        The RFID segment was valued at USD 2.54 billion in 2018 and showed a gradual increase during the forecast period.

        Regional Analysis

        • Europe is estimated to contribute 37% to the growth of the global market during the forecast period.

        Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

        Vehicle Access Control Market Share by Geography

        For more insights on the market share of various regions, Request Free Sample

        The North American market holds the largest share In the global vehicle access control industry due to increasing automobile sales, well-established tollway systems, and the adoption of access control systems for residential and commercial security. Premium passenger vehicles and light commercial vehicles in North America are increasingly equipped with advanced access control systems. In response, automakers In the region are investing heavily in innovative car access control technologies. Additionally, vehicle access control systems are crucial for efficient traffic management on North American roads. Furthermore, the market is poised for growth due to the rise in electric vehicle sales and the demand for light commercial vehicles In the US and Canada during the forecast period.

        The integration of AI, cloud services, OS, self-driving vehicles, connected vehicles, and ADAS in vehicle access control systems is also driving market expansion.

        Market Dynamics

        Our  researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

        What are the key market drivers leading to the rise In the adoption of Vehicle Access Control Industry?

        Rising vehicle theft is the key driver of the market.

      • Vehicle access control systems have gained significant importance In the automotive industry due to the rising concerns over vehicle theft. According to the FBI's Uniform Crime Reporting Program, there were approximately 721,885 motor vehicle thefts In the US in 2019, with an estimated rate of 219.9 thefts per 100,000 inhabitants. This figure represents a 4% decrease from 2018 but a 1.2% increase compared to 2015. Similarly, In the UK, motor vehicle thefts increased from 71 vehicles per 1000 cars in 2015 to 115 vehicles per 1000 cars in 2019. To address this issue, automotive companies have been developing advanced safety features at their research and development centers.
      • These features include satellite technology, AI, cloud services, and modular hardware designs that integrate smartphone functions and self-driving capabilities. For instance, KIA's smart key system uses Bluetooth technology to unlock and start the vehicle, while connected vehicles offer real-time traffic updates and tollway payment systems to mitigate traffic congestion. Moreover, electric vehicles are increasingly becoming popular, and their adoption rate is expected to grow further due to their eco-friendly nature and disposable income-friendly purchase prices. These vehicles come equipped with advanced access control systems, including biometric authentication and facial recognition technology. In conclusion, the demand for vehicle access control systems is on the rise due to the increasing number of motor vehicle thefts and the availability of advanced technological solutions.
      • These systems offer features such as smart keys, ADAS, and self-driving capabilities, making them an essential component of modern passenger cars and light commercial vehicles.

        • What are the market trends shaping the Vehicle Access Control Industry?

        Development of standard ecosystem for keyless vehicles access is the upcoming market trend.

      • In the automotive industry, the implementation of advanced vehicle access control systems is gaining momentum, driven by the rising concerns over vehicle theft and the integration of safety features in passenger vehicles and light commercial vehicles. Automotive companies are investing in development centers to innovate and introduce new products that leverage satellite technology, AI, and cloud services to enhance security and convenience. These systems utilize antennas and smartphone functions, such as digital keys, to enable contactless vehicle access and start, even in high-security zones like power plants and nuclear power zones, or on tollways where traffic congestion is prevalent. The digital key technology, which is interoperable across various brands and models, offers enhanced security and privacy, equivalent to physical keys, while ensuring user experience consistency.
      • Additionally, it supports key sharing and owner pairing, making it a cost-effective and convenient solution for car manufacturers producing passenger cars and commercial vehicles. The digital key architecture employs standardized interfaces and public key infrastructure to ensure end-to-end security, making it an essential component of connected and self-driving vehicles. With the increasing disposable income and growing popularity of electric vehicles, the demand for advanced vehicle access control systems is expected to surge.

        • What challenges does the Vehicle Access Control Industry face during its growth?

        Decreasing automotive production and sales is a key challenge affecting the industry growth.

      • The market has experienced a downturn since 2018 due to decreased sales and production In the automotive industry. In the US, light vehicle sales dropped by approximately 2.1% from January to March 2020 compared to the same period in 2019. Similarly, automotive production in Germany, the UK, and China has declined since 2017. China's automotive sales decreased by around 12.4% during the first half of 2019. Despite this trend, automotive production in India, Japan, and the US saw growth during 2017-2018. Vehicle theft remains a significant concern for automotive companies, leading to the development of advanced safety features.
      • New products In the market include satellite technology, AI, cloud services, and modular hardware design. These features are integrated into smartphones and smart keys for passenger cars and commercial vehicles. KIA, along with other car manufacturers, is focusing on self-driving and connected vehicles to enhance consumer experience and convenience. Electric vehicles are gaining popularity, and their disposable income-friendly prices are driving demand. Vehicle access control systems are essential for power plants, nuclear power zones, tollways, and areas with traffic congestion. Antenna technology plays a crucial role in enabling secure access and communication between vehicles and control systems. The integration of OS and ADAS in vehicles further enhances the functionality and safety of these systems.

        • Exclusive Customer Landscape

        The vehicle access control market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the vehicle access control market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

        Vehicle Access Control Market Share by Geography

         Customer Landscape

        Key Companies & Market Insights

        Companies are implementing various strategies, such as strategic alliances, vehicle access control market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

        Axis Communications AB - Vehicle access control systems, including Start Stop Button and Immobilizer technology, ensure secure machine access through immobilization and central locking features. These systems reliably prevent unauthorized access, safeguarding vehicles and machinery against theft and unauthorized use. Immobilizers utilize a unique code to prevent engine start-up without proper authorization, while central locks secure the vehicle's doors and prevent entry. These advanced access control solutions offer enhanced security and peace of mind for vehicle and machinery owners.

        The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

        • Axis Communications AB
        • BIODIT AD
        • Continental AG
        • DENSO Corp.
        • FEIG ELECTRONIC GmbH
        • Fingerprint Cards AB
        • HELLA GmbH and Co. KGaA
        • Johnson Electric Holdings Ltd.
        • Lear Corp.
        • MinebeaMitsumi Inc.
        • Mitsubishi Electric Corp.
        • Nortech Access Control Ltd.
        • Nuance Communications Inc.
        • NXP Semiconductors NV
        • Robert Bosch GmbH
        • STid
        • Synaptics Inc.
        • Tokai Rika Co. Ltd.
        • Valeo SA
        • VOXX International Corp.

        Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

        Research Analyst Overview

        The market encompasses technologies and systems designed to secure and manage access to vehicles and related infrastructure. This market is driven by several factors, including increasing vehicle theft, the proliferation of connected and autonomous vehicles, and the growing importance of safety and security features In the automotive industry. One significant trend In the market is the integration of advanced technologies, such as biometric identification and smart keyless entry systems, to enhance security and convenience. These systems use various methods, including fingerprint recognition, facial recognition, and voice recognition, to grant or deny access to vehicles. Another trend is the adoption of cloud-based services and modular hardware designs, which enable remote access and real-time monitoring of vehicle access control systems.

        These solutions offer increased flexibility and scalability, allowing automotive companies to quickly respond to changing market conditions and customer demands. Moreover, the increasing popularity of electric and autonomous vehicles is driving the demand for advanced access control systems. These vehicles often have unique access requirements, such as charging infrastructure access and secure communication between vehicles and their operators. The market is also influenced by the growing importance of safety and security features in passenger and commercial vehicles. As disposable income increases, consumers are demanding more advanced safety and security features, such as adaptive cruise control, lane departure warning systems, and collision avoidance systems.

        These features often require integration with access control systems to ensure secure access to the vehicle and its data. Furthermore, the increasing prevalence of self-driving vehicles and connected vehicles is creating new opportunities for access control technologies. These vehicles require secure communication between various components, including sensors, actuators, and control systems. Access control systems play a crucial role in ensuring that only authorized users and vehicles can access these systems and data. In conclusion, the market is a dynamic and evolving market driven by several factors, including increasing vehicle theft, the proliferation of connected and autonomous vehicles, and the growing importance of safety and security features In the automotive industry.

        The integration of advanced technologies, cloud-based services, and modular hardware designs is enabling automotive companies to offer more flexible and scalable access control solutions to meet the changing needs of consumers and the industry.

        Market Scope

        Report Coverage

        Details

        Page number

        147

        Base year

        2023

        Historic period

        		 2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 8.51%

        Market growth 2024-2028

        USD 4470.1 million

        Market structure

        Fragmented

        YoY growth 2023-2024(%)

        7.67

        Key countries

        US, Germany, China, Japan, and UK

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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        What are the Key Data Covered in this Vehicle Access Control Market Research and Growth Report?

        • CAGR of the Vehicle Access Control industry during the forecast period
        • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
        • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
        • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
        • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
        • Thorough analysis of the market’s competitive landscape and detailed information about companies
        • Comprehensive analysis of factors that will challenge the vehicle access control market growth of industry companies

        We can help! Our analysts can customize this vehicle access control market research report to meet your requirements.

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        Table of Contents not available.

        Research Methodology

        Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

        INFORMATION SOURCES

        Primary sources

        • Manufacturers and suppliers
        • Channel partners
        • Industry experts
        • Strategic decision makers

        Secondary sources

        • Industry journals and periodicals
        • Government data
        • Financial reports of key industry players
        • Historical data
        • Press releases

        DATA ANALYSIS

        Data Synthesis

        • Collation of data
        • Estimation of key figures
        • Analysis of derived insights

        Data Validation

        • Triangulation with data models
        • Reference against proprietary databases
        • Corroboration with industry experts

        REPORT WRITING

        Qualitative

        • Market drivers
        • Market challenges
        • Market trends
        • Five forces analysis

        Quantitative

        • Market size and forecast
        • Market segmentation
        • Geographical insights
        • Competitive landscape

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        Frequently Asked Questions

        Vehicle Access Control market growth will increase by $ 4470.1 mn during 2024-2028.

        The Vehicle Access Control market is expected to grow at a CAGR of 8.51% during 2024-2028.

        Vehicle Access Control market is segmented by Technology( RFID, NFC, Bluetooth, Others) Technology( RFID, NFC, Bluetooth, Others)

        Axis Communications AB, BIODIT AD, Continental AG, DENSO Corp., FEIG ELECTRONIC GmbH, Fingerprint Cards AB, HELLA GmbH and Co. KGaA, Johnson Electric Holdings Ltd., Lear Corp., MinebeaMitsumi Inc., Mitsubishi Electric Corp., Nortech Access Control Ltd., Nuance Communications Inc., NXP Semiconductors NV, Robert Bosch GmbH, STid, Synaptics Inc., Tokai Rika Co. Ltd., Valeo SA, VOXX International Corp. are a few of the key vendors in the Vehicle Access Control market.

        Europe will register the highest growth rate of 37% among the other regions. Therefore, the Vehicle Access Control market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.

        US, Germany, China, Japan, UK

        • Rising vehicle theftAccording to the FBI Uniform Crime Reporting Program is the driving factor this market.
        • there was an estimated 721 is the driving factor this market.
        • 885 thefts of motor vehicles in the US in 2019. The estimated rate of motor vehicle thefts was 219.9 per 100 is the driving factor this market.
        • 000 inhabitants. The estimated number of motor vehicle thefts decreased 4% in 2019 compared with the 2018 estimates but rose 1.2% compared with the 2015 estimates. Similarly is the driving factor this market.
        • in the UK is the driving factor this market.
        • rate of motor vehicle thefts from 71 vehicles per 1 is the driving factor this market.
        • 000 cars in 2015 increased to 115 cars per 1000 cars in 2019. Moreover is the driving factor this market.
        • technological advancements have resulted in the creation of modern vehicle access control systems to give an excellent driving platform which is also driving consumers to choose a vehicle with the most up-to-date access control system. Thus is the driving factor this market.
        • growing car theft incidences in developed countries such as the US and the UK are expected to drive the growth of the market during the forecast period. is the driving factor this market.

        The Vehicle Access Control market vendors should focus on grabbing business opportunities from the RFID segment as it accounted for the largest market share in the base year.