The global vehicle access control market size is expected to reach USD 17,257.9 million by 2025, registering a CAGR of 10.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing concerns over safety and security of vehicles in developing as well as developed nations are expected to drive the demand for access control systems for vehicles over the forecast period. Vehicle access control solutions can also contribute toward efficient traffic management as they can also be used to control vehicle access across tollways, bridges, and public buildings, thereby driving the market growth.
The
rising instances of car thefts all over the world are particularly
necessitating the installation of vehicle access control systems. For instance,
a total of 773,139 vehicles were stolen in the U.S. in 2017, which was
approximately 1% higher than the previous year. Improved security features
offered by the modern vehicle access control systems is particularly
encouraging car owners to equip their cars with these systems.
The
biometric segment is expected to witness the fastest growth owing to the
ability of biometric systems to ensure a high level of security for vehicles.
Biometric solutions can be based on various technologies, such as fingerprint
recognition, face recognition, and iris recognition. Given that biometrics,
such as fingerprints and irises, are characteristic to every individual and are
unique and unrepeatable, any solution based on biometrics can provide unmatched
security.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/vehicle-access-control-market
Vehicle Access
Control Market Report Highlights
- Implementation
of innovative vehicle access control technologies, such as keyless entry,
tracking, and fingerprint-enabled ignition switch, to enhance the driver’s
experience is expected to drive the market growth
- The tollways
segment dominated the vehicle access control market in 2018 and is
expected to witness healthy growth over the forecast period owing to the
continued implementation of RFID systems across highways to improve the
traffic management
- The commercial
buildings segment is expected to witness the fastest growth owing to the
growing need to prevent unknown or unauthorized people from bringing their
vehicles inside commercial buildings
- The Asia
Pacific regional market is expected to register the fastest growth over
the forecast period as manufacturers in the region are trying aggressively
to reduce the deployment costs so that these systems can also be featured
in low- and mid-end cars
- Key market
players, such as Continental AG, Robert Bosch GmbH, Hella GmbH, Nuance
Communication, Smartrac N.V., and Lear Corporation, are pursuing various
strategies to strengthen their foothold in the market.
Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/vehicle-access-control-market/request/rs1
Vehicle Access
Control Market Segmentation
Grand View Research has
segmented the global vehicle access control market based on technology,
application, and region:
Vehicle Access
Control Technology Outlook (Revenue, USD Million, 2014 - 2025)
- Biometric
- Non-Biometric
- RFID
- Others
Vehicle Access
Control Application Outlook (Revenue, USD Million, 2014 - 2025)
- Tollways
- Commercial Buildings
- Residential Buildings
- Others
Vehicle Access
Control Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment