Vehicle Access Control Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Vehicle Access Control System Market is Segmented by System Type (Biometric and Non-Biometric), Technology (NFC, Bluetooth , RFID and Others), Vehicle Type(Passenger and Commercial) and Geography.

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Vehicle Access Control Industry Overview

Vehicle Access Control System Market Forecast
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 11 %

Major Players

Vehicle Access Control System Market Key Players

*Disclaimer: Major Players sorted in no particular order
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Vehicle Access Control Market Analysis

The vehicle access control market is anticipated to register a CAGR of about 11%, during the forecast period (2020 – 2025).

  • Some of the major factors driving the growth of the market are growing vehicle theft incidents in the developed economies of the world like USA and UK. The number of vehicle thefts in USA that were reported went up from 686,803 in 2014 to 748,841 in 2018 and in UK around 71 cars from every 1000 cars in 2014 to 115 cars every 1000 cars in 2018.
  • The sales of passenger vehicles and light commercial vehicles will be a driver for growth in vehicles access control market. The sales of vehicles during the forecast period is expected to grow at a considerable rate starting from 2021 at least. The growth in use of technologically advanced systems in automobiles to provide convenience and safety to the user, are also factors responsible for market growth.

Vehicle Access Control Industry Segments

The vehicle access control market covers the latest trends and technological development in the hybrid vehicles market, demand of the type, basis of system type (biometric and non-biometric), technology (NFC, Bluetooth , RFID and Others), vehicle type(Passenger and commercial) and geography.

System Type
Biometric
Non-Biometric
Technology
RFID
Bluetooth
NFC
Others
Vehicle Type
Passenger
Commercial
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Mexico
United Arab Emirates
Other Countries

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Vehicle Access Control Market Trends

This section covers the major market trends shaping the Vehicle Access Control Market according to our research experts:

Biometric is Expected to be the Largest Segment

By System type, Biometric segment is expected to attain significant market share during the forecast period. Passenger vehicles are generally equipped with locks that can be remotely operated. But this system has a threat of keys and the remote being stolen which can give an easy access to the vehicle. The advantage that biometric systems provide is that the credentials required for accessing the vehicle cannot be stolen from the user. But the biometric system increases the cost of the vehicle that is why as of now mostly premium car manufacturers are using this technology. 

Furthermore, the high accuracy of biometric systems is a reason for their rapid growth. Also, OEMs are implementing this technology not only to lock and unlock the vehicle but also for starting the engine. For instance, in December 2019, Hyundai Motor Corp has developed a biometric system for cars that will help the drivers to unlock and start engine with a light touch.

Vehicle Access Control System Market Trends

Asia-Pacific is Expected to Grow with the Highest Rate

With the rise in production and demand for automobiles in the region which is because of the factors such as increasing population and rising income levels, the Asia Pacific region is expected to grow with the highest CAGR in the vehicle access control market. In January 2020, the per capita income of India grew at a rate of almost 7% and the easy availability of vehicle financing is enabling people in the region to buy more premium and high-end automobiles with little difficulty. 

OEMs in the region are also investing heavily to innovate new features in vehicle access control and this is also expected to drive the market. OEMs are collaborating with biometric manufacturers to implement systems for car authentication. For example, in March 2019 Hyundai Mobis invested USD 5 million in Deep Glint, a Chinese startup specializing in computer vision technology utilizing artificial intelligence.

Vehicle Access Control System Market Analysis

Vehicle Access Control Market Competitor Analysis

The Vehicle Access Control market is fragmented, with several players competing for share in the market. Some of the prominent companies in the Vehicle access control market are Continental AG, Robert Bosch, Denso,Valeo, and others.  Companies are investing heavily in research and development for the innovation of new and advanced products and technologies. In February 2020, Brose opened its manufacturing plant in Pune, India. In January 2019, Bosch announced its keyless digital access service, it uses the smartphone as a virtual key and Bluetooth as a transmission technology.

Vehicle Access Control Market Top Players

  1. Continental AG

  2. Robert Bosch

  3. Denso

  4. Valeo

  5. Lear

*Disclaimer: Major Players sorted in no particular order

Continental AG, Robert Bosch, Denso, Valeo, Lear

Vehicle Access Control Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 System Type

      1. 5.1.1 Biometric

      2. 5.1.2 Non-Biometric

    2. 5.2 Technology

      1. 5.2.1 RFID

      2. 5.2.2 Bluetooth

      3. 5.2.3 NFC

      4. 5.2.4 Others

    3. 5.3 Vehicle Type

      1. 5.3.1 Passenger

      2. 5.3.2 Commercial

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Mexico

        3. 5.4.4.3 United Arab Emirates

        4. 5.4.4.4 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Continental AG

      2. 6.2.2 Robert Bosch

      3. 6.2.3 Denso Corporation

      4. 6.2.4 Valeo

      5. 6.2.5 Lear Corporation

      6. 6.2.6 Voxx Automotive

      7. 6.2.7 Fingerprints cards

      8. 6.2.8 Mitsubishi Electric

      9. 6.2.9 Delphi Automotive

      10. 6.2.10 Naunce Communication

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Vehicle Access Control Market Research FAQs

The Vehicle Access Control Market is studied from 2018 - 2028.

The Vehicle Access Control Market is growing at a CAGR of >11% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

Continental AG, Robert Bosch, Denso , Valeo , Lear are the major companies operating in Vehicle Access Control Market.

Vehicle Access Control Industry Reports

In-depth industry statistics and market share insights of the Vehicle Access Control sector for 2020, 2021, and 2022. The Vehicle Access Control research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Vehicle Access Control report PDF.

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