$22.6 Bn Vehicle Access Control (Non-Biometic & Biometric) Markets, 2027
DUBLIN, June 14, 2019 /PRNewswire/ -- 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 ResearchAndMarkets.com'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. Chna 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 5.2.1.1 Growing Demand for Connected Cars 5.2.1.2 Multi-Factor Authentication for Vehicle Access 5.2.1.3 Technological Advancements in Vehicle Anti-Theft Industry 5.2.1.4 Rising Vehicle Theft 5.2.2 Restraints 5.2.2.1 Potential Failure of Electronic Components Used in Biometric Systems 5.2.3 Opportunities 5.2.3.1 Electric Cars in Automotive Industry 5.2.3.2 Rising Demand for Safety Features 5.2.4 Challenges 5.2.4.1 Risk of Cyber Attacks Due to Increased Connectivity 5.2.4.2 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 6.3.5.1 Germany 6.3.5.2 US 6.3.5.3 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 15.13.1.1 Tokai Rika 15.13.1.2 U-Shin Ltd. 15.13.1.3 Deepglint 15.13.1.4 Omron Corporation 15.13.1.5 Intellicar Telematics Pvt Ltd 15.13.2 Europe 15.13.2.1 Aptiv Plc 15.13.2.2 Huf Hlsbeck 15.13.2.3 Biodit 15.13.2.4 Precise Biometrics 15.13.3 North America 15.13.3.1 Calamp 15.13.3.2 Onstar 15.13.3.3 Hypr 15.13.3.4 The Club 15.13.4 Rest of the World (RoW) 15.13.4.1 Sanji Security Systems
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