Industry Background:
Vehicle Acess Control is a system that delivers advanced vehicle access control requirements or else helps in providing the data of entry decisions and can be based on factors such as day-of-week, time-of-day, different credential types, etc. This access control enables restricting access to authorized vehicles and also supports security, prevents loss or damage and reduces the risk of personal injury to staff and visitors. Moreover, the ZoneSafe Vehicle Access Control System provides a hands-free automated access control solution. Using RFID technology, the system provides authorized and controlled access through automated barriers, roller doors, shutters, and gates. Furthermore, the rising benefit of eliminates the need for human intervention to check the vehicle and enable automatic access to the vehicle is rising the market demand.This growth is primarily driven by The increase in the rate of vehicle theft across developing and developed countries is emerging as one of the major factors that are anticipated to drive the market growth.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Auto Parts & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Calsonic Kansei (Japan), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive (Ireland), Robert Bosch (Germany), Nuance Communication (United States), Fingerprint Cards (Sweden), Hella (Germany), Huf Hulsbeck (Germany), Johnson Electric (Hong Kong), Lear Corporation (United States), Mitsubishi Electric (Japan), Omron (Japan), Panasonic (Japan) and Synaptics Incorporated (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Continental, in February 2019, announced its successful acquisition of Kathrein Automotive GmbH. Incorporating the automotive division of Kathrein, a Rosenheim-based antenna, and satellite technology manufacturer is a move that will give Continental an important key segment to add to its wealth of expertise. Potential applications range from remote access keys and navigation applications to telematics solutions.
Bosch has announced its keyless digital access service, in January 2019. It recognizes the owner’s smartphone digital fingerprint and opens the vehicle only for them. The keyless service offers the driver greater convenience and flexibility. The app allows the vehicle owner to grant other users access to their vehicles. For this, an additional key is sent by the cloudLeading automotive suppliers Calsonic Kansei and Magneti Marelli have declared their intention to merge under the name Marelli, a global brand. The transition to a single brand name is a crucial milestone in the merging of the two businesses and puts Marelli in a better position to compete globally.
Regulatory Insights:
In the United States, the National Highway Traffic Safety Administration (NHTSA) is responsible for regulating vehicle access control systems. The NHTSA sets standards for vehicle safety, including requirements for electronic and mechanical systems that control access to vehicles.
Influencing Trend:
Adoption of Technological Innovations in these Vehicle Access Control
Market Growth Drivers:
The increase in the rate of vehicle theft across developing and developed countries is emerging as one of the major factors that are anticipated to drive the market growth
Challenges:
The Costs Incurred in Repairing these Systems are Also very High
Restraints:
Incorporating Access Control Systems Based on Biometrics in a Vehicle can be a Challenging task for Automobile Companies
Opportunities:
Highly investments are being made by automotive companies so that they can reduce the deployment cost of vehicle access control systems. Thus this above-mentioned reason is expected to increase the penetration of these systems across low- and mid-end automobiles, thereby contributing to the market growth.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Vehicle Access Control Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Vehicle Access Control Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Vehicle Access Control players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Vehicle Access Control Study Sheds Light on
The Vehicle Access Control Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Vehicle Access Control industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vehicle Access Control industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.