Vehicle Access Control Market Analysis Report By Technology, By Application And Segment Forecasts From 2019 To 2025

Industry Insights

The global vehicle access control market size was accounted for USD 8,624.5 million in 2018. It is projected to grow at a CAGR of 10.6% over the forecast period, 2019 to 2025. Growing concerns about vehicle theft in developed and developing countries are expected to boost the market growth. Advancement in technology is attracting consumers to seek innovative access control systems for the vehicle. In addition, automotive companies including mid-end, and low-end companies are investing in the development of these control systems which is projected to bolster the market growth.

Rising security requirements for the entry gates at residential, and commercial buildings are boosting the need for vehicle access control systems. The need for a control system that can provide greater access to the vehicle is also growing. All these factors boosting the demand for vehicle access control systems. Furthermore, increasing demand from power plants, R & D centers, and other establishments requires protection from unauthorized vehicle entries. These factors are projected to drive the demand for vehicle access systems.

Besides commercial buildings, these systems are widely used at tollways. This helps in traffic management at tollways by reducing traffic congestion. In addition, technological advancement enables users to access these systems through biometric and non-biometric systems. Increasing acceptability of these control systems especially at tollways and the building is projected to bolster market growth.

However, the installation of these biometric systems in vehicles is a little complex process, due to the advent of new technology. Automobile companies find it challenging as technology continuously evolves with innovative solutions. Moreover, the rising popularity of these control systems is expected to gain traction among users. Several market players are focusing on cutting down the implementation cost of these systems, which in turn is expected to reduce these concerns.

Technology Insights

In 2018, the non-biometric type segment held the highest share in the overall market. The non-biometric system provides various features such as intrusion alarm, stolen car assistance, and keyless entry. These safety, protection, and tracking applications are mainly boosting segmental growth. This system is installed in the low-end to premium cars category owing to easy installation. However, these systems are not highly reliable than others, as the thieves have managed to bypass through non-biometric-based systems.

The Biometric technology segment is projected to grow at the highest CAGR during the forecast period. The Biometric system provides easy access and helps to eliminate theft attempts of vehicles. A Biometric system can be configured to provide a customized user experience. Thus, the biometric systems are highly used in premium cars, which is expected to foster the growth of the vehicle access control market in the next few years.

Application Insights

The application segment is comprising of residential buildings, commercial buildings, tollways, and others. The access control system uses RFID technology for entry/exit at tollways & highways. These systems help to mitigate traffic congestion problems at tollways. To restrict unauthorized vehicle entry in the residential & commercial buildings, access control systems are installed.

In 2018, the tollways application segment contributed to the highest share in the overall market. It is projected to grow at a CAGR of over 11.0% from 2019 to 2025. The commercial buildings type segment is anticipated to grow at the fastest CAGR of over 11.9% during the forecasted period. Rising safety & security concerns regarding a vehicle parked in residential & commercial buildings are mainly contributing to market growth.

Regional Insights

In 2018, North America led the market with the highest revenue share of over 30.0% in the overall market. Automobile companies in the region are using advanced technologies to build innovative solutions in premium cars. This factor is proliferating the demand for access control systems in vehicles.

Asia Pacific is projected to grow at the highest CAGR of 12.0% during the forecasted period. Automotive manufacturing companies are investing in R & D activities to cut down the deployment cost of systems. Mid-end and low-end cars are boosting the need for installing access control systems.

Impact of COVID-19

COVID-19 pandemic has negatively impacted the global vehicle access control market. Coronavirus outbreak has caused restrictions on the import and export of electronic products such as sensors, RFID devices that are required for designing access control systems in the vehicle. The decline in the sales of vehicles is expected to hamper the market growth. Lockdown restrictions and closedown of tollways operation have adversely affected the growth of vehicle access systems. However, rising security & safety concerns regarding vehicle theft attempts are expected to encourage manufacturers to develop the efficient biometric technology-based system.

During the COVID-19 pandemic manufacturers in the industry are now emphasizing building software systems to make their cars more digitalized and enhanced with vehicle access systems. For example, Robert Bosch GmbH is planning to shift from hardware to software transformation from 2021, to improve vehicle functions through one access control system.

Vehicle Access Control Market Share Insights

Companies in the market are focusing on strategic mergers & acquisitions, collaborations, and partnerships to increase their presence across the world. For example, in 2019, Continental AG has acquired Kathrein Automotive GmbH, which is a provider of satellite & antenna technology. This acquisition is expected to enhance the vehicle connectivity capability of Continental AG.

Some of the key players in the market are Robert Bosch, Continental AG, Nuance Communication, Lear Corporation, Smartrac N.V., and Hella GmbH.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For this study, Million Insights has segmented the global vehicle access control market report based on technology, application, and region:

• Technology Outlook (Revenue, USD Million, 2014 - 2025)
    • Biometric
    • Non-Biometric
    • RFID
    • Others

• Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Tollways
    • Commercial Buildings
    • Residential Buildings
    • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
    • The Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa (MEA)