The vehicle access control global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Vehicle Access Control Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The vehicle access control market size has grown strongly in recent years. It
will grow from $11.38 billion in 2023 to $12.41 billion in 2024 at a compound
annual growth rate (CAGR) of 9.1%. The growth in the historic period can be
attributed to security and theft prevention, enhanced user convenience,
increasing adoption in residential communities, growth in urbanization,
evolving regulatory landscape..
The vehicle access control market size is expected to see strong growth in the
next few years. It will grow to $17.75 billion in 2028 at a compound annual
growth rate (CAGR) of 9.4%. The growth
in the forecast period can be attributed to emergence of smart access cards,
demand for contactless solutions, focus on green and sustainable solutions,
data security and privacy concerns, global efforts in smart transportation..
Major trends in the forecast period include integration of advanced technologies,
contactless access solutions, mobile access and smartphone integration,
intelligent vehicle identification, cloud-based access control platforms..
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Scope Of Vehicle Access Control Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Market Drivers -
The increasing demand for electric vehicles will propel the growth of the
vehicle access control market. A vehicle propelled by one or more electric
motors is known as an electric vehicle (EV). It can be powered by a collector
system that draws electricity from the outside of the car or by a battery. Road
and rail vehicles, surface and underwater watercraft, electric airplanes, and
electric spaceships are all examples of electric vehicles. As the demand
increases for electric vehicles, it will create a significant need to employ
vehicle access control systems. For
instance, in September 2022, according to the International Energy Agency, a
France-based autonomous intergovernmental organization, sales of electric
vehicles nearly doubled to 6.6 million in 2021 from 3 million in 2020,
representing almost 9% of total sales, and increased by 4 percentage points in
2021 as well, bringing the total number of electric vehicles on the road to
16.5 million. Therefore, the growing demand for electric vehicles is driving
the growth of the vehicle access control market going forward.
Market Trends -
Product innovations have emerged as the key trend gaining popularity in the 5G
chipset market. The major players in the market are developing innovative
products for market growth. For instance, in June 2021, Samsung Electronics, a
South Korea-based electronics company, developed 3GPP Rel.16 compliant
chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G
technologies. The new chipsets consist of a second-generation 5G modem
System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated
Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These
are designed to increase power efficiency, boost performance, and reduce the
size of 5G solutions.
The vehicle access control market covered in this report is segmented –
1) By Type: Biometric System, Non-Biometric System
2) By Vehicle Type: PC, LCV, HCV
3) By Technology: Near Field Communication (NFC), Bluetooth, RFID, Wi-Fi
4) By Applications: Traffic Management, Sensitive Sites/Facilities/Zones, Toll
Ways, Commercial Buildings, Residential Buildings
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Regional Insights -
North America was the largest region in the vehicle access control market in
2023. Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the vehicle access control market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa
Key Companies -
Major companies operating in the vehicle access control market report are Denso
Corporation, Valeo SA, Continental AG, Robert Bosch GmbH, Lear Corporation,
HELLA GmbH & Co., ZF Friedrichshafen AG, Mitsubishi Electric Corporation,
Panasonic Corporation, Omron Corporation,NXP Semiconductors N. V., Texas
Instruments Incorporated,STMicroelectronics N. V., Infineon Technologies AG,
Alps Alpine Co Ltd., Aptiv PLC., Autoliv Inc., Gentex Corporation, Harman
International Industries Inc., Hitachi Ltd., Hyundai Mobis Co Ltd., Johnson
Electric Holdings Limited, Magna International Inc., Murata Manufacturing Co
Ltd., NEC Corporation, Nidec Corporation, Osram Licht AG, Panasonic
Corporation, Samsung Electronics Co Ltd., Sony Corporation,
Table of Contents
1. Executive Summary
2. Vehicle Access Control Market Report Structure
3. Vehicle Access Control Market Trends And Strategies
4. Vehicle Access Control Market – Macro Economic Scenario
5. Vehicle Access Control Market Size And Growth
…..
27. Vehicle Access Control Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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