The global Vehicle Access Control industry’s market value reached an estimated amount of US$9.9 billion in 2022. Now, the “Vehicle Access Control – Global Strategic Business Report” report forecasts that the market will enjoy an 8.6% CAGR (Compound Annual Growth Rate) to about US$19.1 billion from 2022 to 2030.
For context, Vehicle Access Control systems consist of various technologies and solutions to oversee access to vehicles and parking stations.
Outlook per access control type
The Vehicle Access Control industry has two segments, including the Non-Biometric Systems and the Biometric Systems.
Non-biometric systems are vehicle access and security technologies, such as keyless entry, RFID (Radio-Frequency Identification), and remote control access. The report forecasts this segment to hit a CAGR of 8.4% to US$15.9 billion market cap by 2030.
Meanwhile, Biometric Systems utilize more advanced physiological features like fingerprints, iris scans, and facial recognition. It significantly improves the vehicle owners’ security from unwanted entries.
Market forecasts per region
Global Strategic Business Report for Vehicle Access Control also outlined its insights per regional markets, including the US, China, Japan, Canada, and Germany.
The report expects the US market to further increase its market valuation of US$2.5 billion in 2022. It even emphasized that the robust auto industry and wider advanced access control technology uptake largely boost the country’s market size.
Likewise, China is also predicted to expand its Vehicle Access Control market to a US$4.2 billion market size by the end of this decade.
Meanwhile, it expects Japan to record a 6.9% CAGR in the same forecast period. The country’s technological advancements in its auto industry and advanced access control solutions discoveries are expected to aid the country in boosting its growth rate by 2030.
Canada will also enjoy significant growth in its Vehicle Access Control industry with an 8.8% CAGR owing to its major investments in relevant infrastructures.
Last but not least, Germany is also expected to hit a 6.9% CAGR in 2030 due to the country’s growing demand for vehicle access control technologies. Refer to the data below:
- US: –
- China: 11% CAGR
- Japan: 6.9% CAGR
- Canada: 8.8% CAGR
- Germany: 6.9% CAGR
Industry players
The report also indicated some of the key players in the global Vehicle Access Control industry, which includes the following companies:
- Denso Corporation
- Continental AG
- Alps Alpine Co., Ltd.
- Axis Communications AB
- CalAmp Corporation
- dormakaba International Holding AG
- Automatic Systems SA.
- ClearView Communications Ltd.
- Deister Electronic GmbH
- BioSec Group Ltd.
- Delta Scientific Corporation
- Biocom Control & Attendance
- Deep Glint
- Asura Technoliges ltd.
- Axema Access Control
See Also:
- Mitsubishi Electric taps BlackBerry for a vehicle data platform
- Genesis equips GV60 with a facial recognition feature
- VW hires Tesla, Rivian veteran to accelerate EV software development
- International EV consortium to use BlackBerry software for its “Project X” vehicle
- Tesla launches unique destination feature with the 2023.26 software update
The current growth forecast for the global Vehicle Access Control industry is unsurprising, considering that it comprises the crucial technologies that protect vehicle owners from unwanted access. Such solutions aid customers protect their vehicles and everything inside from crimes such as theft.
