Vehicle Entrance Control Systems Market Scope
Vehicle Access Control System is multi-protocol compatible and has a well-integrated design. This water-resistant device not only supports quick and multi-tag operation, but it also has circular polarisation with no directional limitations for the tags. It is an outdoor Passive RFID card/tag reader with an integrated antenna and a weatherproof design. This device can be used for a variety of purposes, including person tracking systems, vehicle tracking systems, and so on. This mid-range device can track an object or objects up to 6 metres away. A vehicle access control system is a collection of technologies that allows the vehicle's user to gain access without the use of traditional keys. The vehicle access control system manages and controls which vehicles enter and leave the premises. This system simply enabled the feature of automatic access to the vehicle and eliminated the need for manual vehicle inspection. Through barriers, gates, doors, and shutters, the vehicle access control system grants authorized access to vehicles.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Hangzhou Hikvision Digital Technology Co., Ltd. (China), ATG Access Ltd. (United Kingdom), ELA Innovation S.A. (France), FEIG ELECTRONIC (Germany), STid (France), Hikvision (China), Bosch Sicherheitssysteme GmbH (Germany), Continental AG (Germany), Axis Communications (Sweden) and Nedap (Netherlands) |
CAGR | % |
The market for Vehicle Entrance Control Systems is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that Germany Players will contribute to the maximum growth of Global Vehicle Entrance Control Systems market throughout the predicted period.
Hangzhou Hikvision Digital Technology Co., Ltd. (China), ATG Access Ltd. (United Kingdom), ELA Innovation S.A. (France), FEIG ELECTRONIC (Germany), STid (France), Hikvision (China), Bosch Sicherheitssysteme GmbH (Germany), Continental AG (Germany), Axis Communications (Sweden) and Nedap (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are ButterflyMX (United States), Yashglobal (India) and Nortech Control Systems Ltd. (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Vehicle Entrance Control Systems market by Type , by Application (Residential, Commercial, Industrial and Government and Defense) and Region with country level break-up.
On the basis of geography, the market of Vehicle Entrance Control Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 18 May 2022, ButterflyMX, the leading provider of access control technology for multifamily, commercial, gated communities, and student housing properties, today announced it has acquired cloud-based access control company, CloudKeyz. The acquisition includes CloudKeyz’s assets, team, and customers, which will operate under the ButterflyMX brand. This deal further expands ButterflyMX’s footprint and adds four powerful new products to its award-winning access control platform
On 28 December 2021, Hikvision India has recently introduced Smart Boom Barrier Solutions, these new launches include DS-TMG51X series barrier gate in the premier segment and DS-TMG4BX series barrier gate in the economy segment
Vehicle Entrance Control Systems Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - The Rising Demand For Safety & Security Features And Technological Advancements In The Automotive Industry
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Key Restraints | - Technological Complexity Associated With Vehicle Entrance Control Systems
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Challenges | - Risk Of Cybersecurity For The Biometric System
- Variations In Technology Involve High Invention Cost
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Market Opportunities | - Rising Concern Towards Vehicle Security
- Rising EV Sales And Demand For LCVs In Develop Regions Is Anticipated To Boost The Market
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Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others