The growth of the vehicle access control market is influenced by the growing demand for safety features, increased theft of vehicles, advanced technological investments in automotive, the growing concern of insurance companies for vehicle theft and the increase of electric vehicle sales.
The global Vehicle access control market It is projected to grow from USD 10.8 billion in 2020 to 22.6 billion in 2027, at an annual compound rate of 11.2%. The growing concern for vehicle safety, the increasing production of PC and LCV and the growing demand for electric vehicles have led to market growth.
Premium car models would provide another source of sustainable and profitable income in the future for biometric systems based on vehicle access in the automotive industry.
The global vehicle access control market is dominated by major actors such as Dense Corporation (Japan), Valeo (France), Continental AG (Germany), Robert Bosch (Germany), and Nuance Communication (WE).
The biometric system is expected to lead the vehicle access control market
Although PCs and LCVs are equipped with basic security features such as burglar alarms and immobilizers, the next advanced features, especially in premium cars, require biometric systems to make access more convenient for the driver and provide multiple authentications. The customization offered by biometric systems in cars favors the demand for safety and protection in the future.
Fingerprint recognition is the most researched and ready to launch feature on PC today. The first car to have access to fingerprints will be Hyundai Santa Fe (for the Chinese market first), and this feature will probably lower the current and will be found in a range of vehicles in the coming years.
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The non-biometric system is expected to lead the vehicle access control system during the forecast period
The non-biometric system is expected to be the largest and fastest growing market. The system uses automotive sensors, which are a reliable and less expensive technology.
These sensors are relatively simple and are used in applications such as keyless entry, allowing original equipment manufacturers to adopt such features in almost all premium models, easily. This trend of security features with confidence is expected to drive the market.
North America is expected to witness significant growth during the forecast period.
An increasing number of vehicle theft incidents will drive the demand for advanced security features such as keyless entry and electronic immobilizers. Cases of vehicle theft have grown significantly in the United States.
According to the National Office of Crimes against Insurance, USD 6 billion was lost due to vehicle theft in the US. UU. Therefore, original equipment manufacturers are adding new features such as assistance for stolen vehicles and electronic immobilizers for better vehicle safety.
In addition, vehicles in the US UU. They are mainly occupied with advanced systems such as assistance for vehicle theft, keyless entry, electronic immobilizers and others, which will drive the overall growth of the vehicle access control market. The increase in sales of electric vehicles and the demand for LCV in Canada and the US. UU. They will boost the market.
Testing and deployment of large-scale autonomous vehicles will require vehicle safety features, such as facial and fingerprint recognition.
Asia Pacific is expected to be the fastest growing market during the forecast period
The Asia Pacific market is the largest due to growth in China, Japan and South Korea. The increase in vehicle production, the growing demand for luxury vehicles, the growing sales of electric cars and the high technological development in the region are driving the market for vehicle access control in Asia Pacific.
Companies such as KIA, Aptiv, Nissan and Hyundai are the main actors present in the region. Digitization in the region also drives growth.
For example, China will be the first country to test the fingerprint and facial recognition in the coming years. OEMs are collaborating with biometric manufacturers to implement these systems for car authentication.
For example, in March 2019, Hyundai invested USD 5 million in Deep Glint of China, a Chinese startup specializing in computer vision technology that uses artificial intelligence.
- Where will long-term biometric access to industry lead?
- What will be the growth of vehicle access control systems based on biometrics and non-biometrics?
- How will the biometric access control market face the challenge of high implementation cost?
- What is the impact of a vehicle access system by phone in the market?
- What are the next trends in vehicle access technology? What impact would they have after 2020?
- What are the key strategies adopted by the best players to increase their income?
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