Vehicle Access Control Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global vehicle access control market is expected to grow from $10.8 billion in 2020 to $22.6 billion in 2027 at a CAGR of 11.2%. The market has grown due to increased interest in vehicle security, increased production of PCs and LCVs, and increased demand for electric vehicles. Premium car models will provide another sustainable and profitable revenue stream for vehicle access-based biometric systems in the automotive industry in the future.

The vehicle access control industry is driven by the increasing incidence of vehicle theft, increased awareness of vehicle security, increased production of passenger cars and light commercial vehicles, and growing preference for electric vehicles worldwide.

Vehicle Access Control Market Segments:

By System Type:

Biometric System

• Face Recognition System 
• Fingerprint Recognition System 
• Iris Recognition System 
• Voice Recognition System

Non-Biometric System

• Face Recognition System 
• Fingerprint Recognition System 
• Iris Recognition System 
• Voice Recognition System

By Technology:

• NFC
• Bluetooth
• RFID
• Wi-Fi

By Vehicle Type:

• Passenger car 
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Electric Vehicle:

• Hybrid Electric Vehicle 
• Plug-In Hybrid Electric Vehicle 
• Fuel Cell Electric Vehicle

Key players:

• Continental AG
• Robert Bosch GmbH
• Hella GmbH
• Nuance Communication
• Smartrac N.V.
• Lear Corporation

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Vehicle Access Control Market Report

• What was the Vehicle Access Control Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Vehicle Access Control Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Vehicle Access Control Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.