Global Vehicle Access Control Market Forecast to 2027: Opportunities in Electric Cars in Automotive Industry & Rising Demand for Safety Features | Financial Buzz

Global Vehicle Access Control Market Forecast to 2027: Opportunities in Electric Cars in Automotive Industry & Rising Demand for Safety Features

Dublin, June 18, 2019 (GLOBE NEWSWIRE) — The “Vehicle Access Control Market by Biometric, Non-biometric (Stolen Vehicle Assist, Keyless, Immobilizer, Alarm, Steering Lock), Technology (Bluetooth, NFC, RFID, Wi-Fi), Vehicle Type, EV & Region – Global Forecast to 2027” report has been added to’s offering.

The Vehicle Access Control Market is Projected to Grow from USD 10.8 Billion in 2020 to Reach USD 22.6 Billion by 2027, at a Cagr of 11.2%.

The rising demand for safety & security features and technological advancements in the automotive industry are significant factors for growth of vehicle access control market globally.

Increasing demand for connected vehicles need for a multi-factor authentication system, rising demand for mid-sized cars, and convenience are factors expected to boost the market. However, changes in technology require high innovation cost, and the threat of cybersecurity for the biometric system will be a challenge for the growth of the market.

Increasing emphasis on safety and security features are likely to propel the growth of the market during the forecast period.

There has been a rapid increase in technological advancements in the automotive industry related to vehicle theft systems. The growing demand for advanced safety and security features that increase the convenience and safety of passengers is now an attractive opportunity for suppliers as consumer preferences are shifting. Several companies have developed application-based features that enable smartphone integration in the vehicle, eliminating the need for multiple devices, keys, and systems installations. OEMs are focusing on features such as enhanced biometric systems to improve the appearance of interiors and personalization. Fingerprint and face recognition are the major upcoming biometric vehicle access controls that will significantly drive the market.

Asia Pacific is expected to register the fastest growth during the forecast period.

Majority of OEMs are planning to launch cars that have biometric feature pre-installed, over the next few years. With rapid urbanization, increased disposable income, and endeavor to implement advanced technology, OEMs are investing heavily to develop vehicle access control with better and reliable authentication. The stolen vehicle assist has been the primary focus by premium cars to reduce the theft and insurance in automotive. Moreover, China, Japan, and South Korea in the region are highly focusing on the development, testing, and deployment of biometric system authentication. China is all set to deploy fingerprint recognition by 2020 in the Hyundai Sante Fe model.

Europe is expected to have the second largest market during the forecast period.

Europe accounted for the second largest market in 2020. It is a major hub for several renowned OEMs including Volkswagen, Daimler, Renault, Volvo, and others. Germany is the largest market in the region. The country is likely holding the largest share of in the global market by 2027. The country has sufficient investment in technology and production of premium car segments for the testing of vehicle access control. As per industry experts, Germany OEMs would soon deploy vehicle access control systems, especially biometric authentications for PCs and LCVs, on a large scale.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Vehicle Access Control Market to Grow at A Significant Rate During the Forecast Period (2020-2027)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Growing Demand for Connected Cars Multi-Factor Authentication for Vehicle Access Technological Advancements in Vehicle Anti-Theft Industry Rising Vehicle Theft
5.2.2 Restraints Potential Failure of Electronic Components Used in Biometric Systems
5.2.3 Opportunities Electric Cars in Automotive Industry Rising Demand for Safety Features
5.2.4 Challenges Risk of Cyber Attacks Due to Increased Connectivity High Cost of Vehicle Access Control Systems
5.2.5 Impact Analysis

6 Industry Trend
6.1 Technology Overview
6.1.1 Application-Based Vehicle Access Control System
6.1.2 Face Recognition in Vehicle Access
6.2 Value Chain Analysis
6.3 Macro indicator Analysis
6.3.1 Growth of Vehicle Access Control Market
6.3.2 GDP (USD Billion)
6.3.3 GNI Per Capita, Atlas Method (USD)
6.3.4 GDP Per Capita PPP (USD)
6.3.5 Macro indicators Influencing the Vehicle Access Control Market, Top 3 Countries Germany US China

7 Vehicle Access Control Market, By System Type
7.1 Introduction
7.2 Market Share Analysis, By System Type
7.3 Biometric System
7.4 Non-Biometric System

8 Vehicle Access Control Market, By Biometric System
8.1 Introduction
8.2 Market Share Analysis, By Biometric System
8.3 Face Recognition System
8.4 Fingerprint Recognition System
8.5 Iris Recognition System
8.6 Voice Recognition System

9 Vehicle Access Control Market, By Non-Biometric System
9.1 Introduction
9.2 Market Share Analysis, By Non-Biometric System
9.3 Keyless Entry
9.4 Stolen Vehicle Assist
9.5 Alarm
9.6 Electronic Immobilizer
9.7 Steering Wheel Lock
9.8 Others

10 Vehicle Access Control Market, By Technology
10.1 Introduction
10.2 Market Share Analysis, By Technology
10.3 NFC
10.4 Bluetooth
10.5 RFID
10.6 Wi-Fi

11 Vehicle Access Control Market, By Vehicle Type
11.1 Introduction
11.2 Market Share Analysis, By Vehicle Type
11.3 Passenger Car
11.4 Light Commercial Vehicle
11.5 Heavy Commercial Vehicle

12 Vehicle Access Control Market, By Electric Vehicle
12.1 Introduction
12.2 Market Share Analysis, By Electric Vehicle
12.3 Battery Electric Vehicle
12.4 Hybrid Electric Vehicle
12.5 Plug-In Hybrid Electric Vehicle
12.6 Fuel Cell Electric Vehicle

13 Vehicle Access Control Market, By Region

14 Competitive Landscape
14.1 Overview
14.2 Market Ranking Analysis
14.3 Competitive Scenario
14.4 Competitive Leadership Mapping

15 Company Profiles
15.1 Denso Corporation
15.2 Valeo
15.3 Continental AG
15.4 Robert Bosch
15.5 Mitsubishi Electric
15.6 Johnson Electric
15.7 Lear Corporation
15.8 Naunce Communication
15.9 Synaptics Incorporated
15.10 Fingerprint Cards Ab
15.11 Voxx International
15.12 Methode Electronics
15.13 Other Key Players
15.13.1 Asia Pacific Tokai Rika U-Shin Ltd. Deepglint Omron Corporation Intellicar Telematics Pvt Ltd
15.13.2 Europe Aptiv Plc Huf Hlsbeck Biodit Precise Biometrics
15.13.3 North America Calamp Onstar Hypr The Club
15.13.4 Rest of the World (RoW) Sanji Security Systems

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Related Topics: Electric and Hybrid Vehicles, Biometrics , Physical Access Control 

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