Vehicle Access Control Market To Grow Aggressively Worth $17.3 Billion By 2025

Vehicle Access Control Market To Grow
Aggressively Worth $17.3 Billion By 2025
“The global vehicle access control market is estimated to reach USD 17,257.9 million, by
2025, and is projected to grow at a CAGR of 10.6% from 2019 to 2025. The increasing
concerns regarding security & safety measures in the vehicle from developing &
developed countries are projected to foster the need for the access control systems in
vehicles.”
Global Vehicle Access Control Market study includes In-depth Analysis of the market by latest technologies, trends,
opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The
Vehicle access control Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Vehicle access
control Business, Market Share of Product, Application and Regional Scope of Vehicle access control which makes the
research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product
managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in
terms of growth rate and revenue. This report will help the viewer in Better Decision Making.
The global vehicle access control market is estimated to reach USD 17,257.9 million, by 2025, and is projected to grow at
a CAGR of 10.6% from 2019 to 2025. The increasing concerns regarding security & safety measures in the vehicle from
developing & developed countries are projected to foster the need for the access control systems in vehicles. These
systems are widely used at bridges, tollways, and public buildings for traffic management, which is expected to boost
the market growth.
Furthermore, increasing incidents of car theft attempts is growing consumer inclination towards the installation of an
access control system in the vehicle. For example, in 2017, in the U.S, 773,139 vehicles have been stolen which was over
1% from the previous year. Enhanced security features provided by the access control system is influencing car owners
to look after this system.
The Biometric system is anticipated to grow at the highest CAGR during the forecast period, owing to its efficient
security features. Biometric system utilizes advanced technologies such as face recognition, iris recognition, and
fingerprint recognition. Iris and fingerprints are characterized by unique access solutions. These technology solutions can
offer unmatched security.
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Key manufacturers in the market include Hella GmbH, Continental AG, Nuance Communication, Lear Corporation,
Robert Bosch GmbH, and Smartrac N.V. These players in the market are focusing on acquisitions strategic, product
innovations to increase their product portfolio.
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Further key findings from the report suggest:
• Growing trend of innovative technologies such as tracking, fingerprint ignition, and keyless entry are projected to
proliferate the growth of vehicle access control market.
• In 2018, based on application, tollways type segment held the largest market share in the overall market. This segment
is anticipated to grow at a healthy CAGR from 2019 to 2025 due to rising adoption of RFID systems.
• Commercial buildings application segment is estimated to register the fastest CAGR from 2019 to 2025.
• Asia Pacific is projected to expand at the highest CAGR during the forecasted period. This growth is contributed to
rising adoptions of access control system in mid, and low-end cars.
Million Insights has segmented the global vehicle access control market based on technology, application, and region:
Vehicle Access Control Technology Outlook (Revenue, USD Million, 2014 - 2025)
• Biometric
• Non-biometric
• RFID
• Others

Vehicle Access Control Application Outlook (Revenue, USD Million, 2014 - 2025)
• Tollways
• Commercial Buildings
• Residential Buildings
• Others
Vehicle Access Control Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
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