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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 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.
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.
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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.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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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.
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.
Rising vehicle theft is the key driver of the market.
Development of standard ecosystem for keyless vehicles access is the upcoming market trend.
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.
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.
Customer Landscape
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:
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.
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.
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Market Scope |
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Report Coverage |
Details |
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Page number |
147 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.51% |
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Market growth 2024-2028 |
USD 4470.1 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.67 |
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Key countries |
US, Germany, China, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this vehicle access control market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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