Global Vehicle Access Control Market 2022-2026

Global Vehicle Access Control Market 2022-2026

Technavio has been monitoring the vehicle access control market and it is poised to grow by $ 4.59 bn during 2022-2026 progressing at a CAGR of 8.71% during the forecast period. Our report on the vehicle access control market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rising vehicle theft, introduction of cost-effective solutions, and rising security need at commercial and residential building entry gates.

The vehicle access control market analysis includes the technology segment and geographic landscape.

Technavio's vehicle access control market is segmented as below:

By Technology

• RFID
• NFC
• Bluetooth
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the development of standard ecosystem for keyless vehicles access as one of the prime reasons driving the vehicle access control market growth during the next few years. Also, rapid advancement in the vehicle access control technologies and development of digital key release 3.0 will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on vehicle access control market covers the following areas:

• Vehicle access control market sizing
• Vehicle access control market forecast
• Vehicle access control market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vehicle access control market vendors that include Axis Communications AB, BIODIT AD, Continental AG, DENSO Corp., FEIG ELECTRONIC GmbH, Fingerprint Cards AB, HELLA GmbH and Co. KG, Johnson Electric Holdings Ltd., Lear Corp., MinebeaMitsumi Inc., Mitsubishi Electric Corp., Nortech Access Control Ltd., Nuance Communications Inc., NXP Semiconductors NV, Robert Bosch GmbH, STid, Synaptics Inc., Tokai Rika Co. Ltd., Valeo SA, and VOXX International Corp. Also, the vehicle access control market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Axis Communications AB, BIODIT AD, Continental AG, DENSO Corp., FEIG ELECTRONIC GmbH, Fingerprint Cards AB, HELLA GmbH and Co. KG, Johnson Electric Holdings Ltd., Lear Corp., MinebeaMitsumi Inc., Mitsubishi Electric Corp., Nortech Access Control Ltd., Nuance Communications Inc., NXP Semiconductors NV, Robert Bosch GmbH, STid, Synaptics Inc., Tokai Rika Co. Ltd., Valeo SA, VOXX International Corp.