New York, NY -- (SBWIRE) -- 04/21/2021 -- Vehicle Access Control Market Size – USD 8.93 Billion in 2018, Industry Growth - CAGR of 12.6%, Industry Trends – Production of electric vehicles.

The Global Vehicle Access Control Market is forecast to reach USD 23.00 Billion by 2026, according to a new report by Reports and Data. Vehicle access control system is an electronic system that is developed to administer the movement of vehicles over an area. Growing crime rate accredited to vehicle theft has increased the demand for safe and secure procedures for the protection of automobiles. Change in lifestyle has led automotives to become a crucial component of today's world. It has become a vital part of day-to-day activities.

These systems are integrated with entrance automation equipment such as CCTV, barriers, license plate recognition (LPR)/automatic number plate (ANPR), RFID long range readers, RFID controllers, video management, smart cards, biometrics, and specialized windshield long-range tags, to provide hassle-free vehicle management. It also helps in enrollment, mapping & authentication of vehicles, owners, drivers & helpers. It helps in optimizing space & inculcating security.

The first car to implement fingerprint lock is Hyundai. Its latest SUV model allows the customer to not only open locked doors but also start the car. This feature will most likely stream and trickle down to another model as well.

EyeLock LLC, in January 2019, collaborated with 360fly Inc., and developed an iris authentication technology that can be integrated into smart rear view mirror with artificial intelligence and camera, for public safety sectors.

Request a Sample Copy of the Research Report @ https://www.reportsanddata.com/sample-enquiry-form/1503

Leading Players Profiled in the Report Include:

Johnson Electric, Valeo, Synaptics Incorporated, Voxx International, Denso Corporation, Robert Bosch, Methode Electronics, Mitsubishi Electronic, Fingerprint Cards Ab, and Continental AG among others.

Further key findings from the report suggest

Passenger cars held a market share of 35% in the year 2018 owing to the adoption of several advanced features such as immobilizers, keyless entry, alarm, and stolen vehicle assist.

Increase in vehicle theft is one of the major reasons for the original equipment manufacturer to pre-install vehicle access control systems

Fast growing middle-class group and burgeoning consumption will fuel the growth of the commercial vehicles in emerging nations. Increase in urbanization and shift in consumption will lead to shifts in market segments.

Traffic management is forecasted to hold a market share of 18% in the year 2026, and tollways have a CAGR of 12.3% during the forecast period.

Biometric held the largest market share of 27% in the year 2018. Vehicles are equipped with non-biometric like alarms, keyless entry, and other security measures; premium cars are utilizing the latest technology for the protection of the vehicles.

These cars have biometrics security measures such as fingerprint lock, face, and iris scanners. These features are demanded to provide multiple authentications and make access more convenient for drivers.

The non-biometric system has the highest CAGR of 12.9% during the forecast period and is forecasted to hold a market share of 25% in the year 2026.

Bluetooth, Radio Frequency Identification (RFID), and Wi-Fi are all technologies that can be connected via smartphones and used to control the movement of vehicles.

Bluetooth held a market share of 15% in the year 2018, and Wi-Fi is forecasted to hold a market share of 12% in the year 2026.

China, Japan, and South Korean regions are focusing on developing, testing, and deploying biometric system authentication. Hyundai in South Korea has already been successful in launching fingerprint biometric in cars.

These research and development in automotive in the APAC region are encouraging the growth of the market in this region. Asia Pacific is forecasted to have the highest CAGR of 13.0% during the forecast period.

Get Attractive Discount @ https://www.reportsanddata.com/discount-enquiry-form/1503

For the purpose of this report, Reports and Data have segmented into the global Vehicle Access Control market on the basis of Vehicle Type, Technology, Application, and Region:

Vehicle Type Outlook (Revenue, USD Billion; 2016-2026)

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles 

Technology Outlook (Revenue, USD Billion; 2016-2026)

Biometric
Non-Biometric
Near Field Communication (NFC)
Bluetooth
Radio Frequency Identification (RFID)
Wi-Fi

Application Outlook (Revenue, USD Billion; 2016-2026)

Traffic management
Sensitive sites/Facilities/Zones
Toll Ways
Commercial Buildings
Residential Buildings
Others

Regional Outlook (Revenue, USD Billion; 2016-2026)

North America
U.S.
Europe
UK
France
Asia Pacific
China
India
Japan
MEA
Latin America
Brazil

Request for Customization @ https://www.reportsanddata.com/request-customization-form/1503

Table of contents

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Vehicle Access Control Market Segmentation & Impact Analysis

    4.1. Vehicle Access Control Market Material Segmentation Analysis

    4.2. Industrial Outlook

         4.2.1. Market indicators analysis

         4.2.2. Market drivers analysis

                 4.2.2.1. Need for protection of vehicles against theft

                 4.2.2.2. Increase in electric cars

                 4.2.2.3. Rise in demand for smart connected cars

         4.2.3. Market restraints analysis

                 4.2.3.1. Electronic failure in biometric system

                 4.2.3.2. High cost of vehicle access control systems

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. ETOP Analysis

    4.6. Porter's Five Forces Analysis

    4.7. Competitive Metric Space Analysis

    4.8. Price trend Analysis

Continued…..

Have Any Query? Ask Our Experts @ https://www.reportsanddata.com/speak-to-analyst-form/1503

Thank you for reading our report. In case of further queries regarding the report or inquiry about its customization, please connect with us. We will ensure your report is well-suited to your requirements.