Dublin, June 18, 2019 (GLOBE NEWSWIRE) – The "Vehicle access control market by biometric, non-biometric (Assisted stolen vehicle, Keyless, Immobilizer, Alarm, Steering lock), Technology (Bluetooth, NFC, RFID, Wi-Fi), Vehicle type, EV and region – Global forecast until 2027 " report has been added to ResearchAndMarkets.com of offering.
It is projected that the Vehicle Access Control Market will grow from USD 10.8 Billion in 2020 to USD 22.6 Billion by 2027, with a Cagr of 11.2%.
The growing demand for safety and protection features and technological advances in the automotive industry are important factors for the growth of the vehicle access control market worldwide.
The growing demand for connected vehicles requires a multi-factor authentication system, the growing demand for medium-sized cars and comfort are factors that are expected to drive the market. However, changes in technology require a high cost of innovation, and the threat of cybersecurity for the biometric system will be a challenge for market growth.
It is likely that the greater emphasis on safety and security features will lead to market growth during the forecast period.
There has been a rapid increase in technological advances in the automotive industry related to vehicle theft systems. The growing demand for advanced safety and security features that increase the comfort and safety of passengers is now an attractive opportunity for providers, as consumer preferences are changing. Several companies have developed features based on applications that allow the integration of smartphones in the vehicle, eliminating the need for multiple devices, keys and systems installations. Original equipment manufacturers are focusing on features such as improved biometric systems to improve interior appearance and personalization. The fingerprint and facial recognition are the main biometric access controls for vehicles that will be located soon and that will significantly boost the market.
Asia Pacific is expected to register the fastest growth during the forecast period.
Most original equipment manufacturers plan to launch cars that have the biometric feature pre-installed in the next few years. With the rapid urbanization, the increase in disposable income and the effort to implement advanced technology, OEMs are investing heavily to develop vehicle access control with better and more reliable authentication. Assistance for stolen vehicles has been the main objective of premium automobiles to reduce theft and insurance in the automotive industry. In addition, China, Japan and South Korea in the region focus heavily on the development, testing and deployment of biometric system authentication. China is ready to implement fingerprint recognition for 2020 in the Hyundai Sante Fe model.
Europe is expected to have the second largest market during the forecast period.
Europe represented the second largest market in 2020. It is an important hub for several well-known OEMs, including Volkswagen, Daimler, Renault, Volvo and others. Germany is the largest market in the region. The country is likely to have the largest share in the global market by 2027. The country has sufficient investment in technology and production of premium car segments for vehicle access control tests. According to industry experts, OEMs from Germany would soon deploy vehicle access control systems, especially biometric authentications for PC and LCV, on a large scale.
Key topics covered:
2 Research methodology
3 Executive Summary
4 Premium Insights
4.1 The vehicle access control market will grow at a significant rate during the forecast period (2020-2027)
5 Market overview
5.2 Market dynamics
126.96.36.199 Growing demand for connected cars
188.8.131.52 Multi-factor authentication for vehicle access
184.108.40.206 Technological advances in the vehicle anti-theft industry
220.127.116.11 Theft of vehicles on the rise
18.104.22.168 Potential failure of electronic components used in biometric systems
22.214.171.124 Electric cars in the automotive industry
126.96.36.199 Growing demand for security features
188.8.131.52 Risk of cyber attacks due to increased connectivity
184.108.40.206 High cost of vehicle access control systems
5.2.5 Impact analysis
6 industry trend
6.1 Overview of technology
6.1.1 Application-based vehicle access control system
6.1.2 Facial recognition in vehicle access
6.2 Analysis of the value chain
6.3 Analysis of the macro indicator
6.3.1 Growth of the Vehicle Access Control Market
6.3.2 GDP (billions of dollars)
6.3.3 GNI per capita, Atlas method (USD)
6.3.4 GDP per capita PPP (USD)
6.3.5 Macro indicators that influence the vehicle access control market, the 3 main countries
7 Vehicle access control market, by type of system
7.2 Analysis of market share, by type of system
7.3 Biometric system
7.4 Non-biometric system
8 Vehicle Access Control Market, by Biometric System.
8.2 Analysis of market share, by biometric system
8.3 Facial 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
9.2 Analysis of the market share, by non-biometric system
9.3 Keyless entry
9.4 Stolen vehicle assistance
9.6 Electronic immobilizer
9.7 Steering wheel lock
10 Vehicle Access Control Market, by Technology
10.2 Analysis of market share, by technology
11 Vehicle access control market, by vehicle type
11.2 Analysis of market share, by vehicle type
11.3 Passenger car
11.4 Light commercial vehicle
11.5 Heavy commercial vehicle
Market access control of 12 vehicles, by electric vehicle
12.2 Analysis of the market share, by electric vehicle
12.3 Electric vehicle battery
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 General description
14.2 Market classification analysis
14.3 Competitive scenario
14.4 Mapping Competitive Leadership
15 company profiles
15.1 Denso Corporation
15.3 Continental AG
15.4 Robert Bosch
15.5 Mitsubishi Electric
15.6 Johnson Electric
15.7 Lear Corporation
15.8 Communication Naunce
15.9 Synaptics Incorporated
15.10 Ab fingerprint cards
15.11 Voxx International
15.12 Methode Electronics
15.13 Other key players
15.13.1 Asia Pacific
220.127.116.11 Tokai Rika
18.104.22.168 U-Shin Ltd.
22.214.171.124 Omron Corporation
126.96.36.199 Intellicar Telematics Pvt Ltd
188.8.131.52 Aptiv Plc
184.108.40.206 Huf Hlsbeck
220.127.116.11 Precise biometrics
15.13.3 North America
18.104.22.168 The Club
15.13.4 Rest of the world (RoW)
22.214.171.124 Sanji security systems
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