What Fueled The Previous Growth In The Vehicle Access Control Market?
The vehicle access control market has seen considerable growth due to a variety of factors.
• The size of the vehicle access control market has seen a significant expansion in the past few years. It is set to increase from $12.13 billion in 2024 to $13.09 billion in 2025, showing a compound annual growth rate (CAGR) of 7.9%.
Factors such as improved security measures, prevention of theft, better user convenience, widespread usage in residential areas, urbanization growth, and changes in the regulatory landscape have contributed to this growth during the historic period.
What Is The Expected Growth In The Vehicle Access Control Market Size?
The vehicle access control market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations of swift expansion in the upcoming years are being made regarding the size of the vehicle access control market. The projections suggest that by 2029, the market will reach a significant value of $19.84 billion, with a compound annual growth rate (CAGR) of 11.0%.
This anticipated growth during the forecast period is mainly due to factors such as the surge in the use of smart access cards, an increased demand for contactless solutions, an emphasis on eco-friendly and sustainable strategies, issues relating to data security and privacy, and worldwide initiatives for smart transportation. Key trends during the forecast period encompass the incorporation of cutting-edge technologies, contactless access options, mobile access combined with smartphone integration, smart vehicle identification procedures, and cloud-based access control systems.
What Are the Critical Driver Fuelling the Vehicle Access Control Market's Growth?
The surge in electric vehicle need will drive the growth of the vehicle access control market. An electric vehicle (EV) refers to a vehicle powered by one or more electric motors. The vehicle may receive power from an external collector system or an on-board battery. Various forms of electric vehicles include road and rail vehicles, boats over and under the water, electric planes, and electric spaceships. As electric vehicle demand grows, the necessity for vehicle access control systems will rise significantly. For example, the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, reported in April 2023 that the electric car market is expanding swiftly, with more than 10 million sales in 2022, representing 14% of new car sales, a substantial increase from just 9% in 2021. Consequently, the surge in demand for electric vehicles is contributing to the growth of the two-wheeler hub motor market. In essence, the growing need for electric vehicles is set to drive the expansion of the vehicle access control market in the near future.
How Is the Vehicle Access Control Market segmented?
The vehicle access control market covered in this report is segmented –
1) By Type: Biometric System, Non-Biometric System
2) By Vehicle Type: PC, LCV, HCV
3) By Technology: Near Field Communication (NFC), Bluetooth, RFID, Wi-Fi
4) By Applications: Traffic Management, Sensitive Sites Or Facilities Or Zones, Toll Ways, Commercial Buildings, Residential Buildings
Subsegments:
1) By Biometric System: Fingerprint Recognition Systems, Facial Recognition Systems, Iris Recognition Systems, Voice Recognition Systems
2) By Non-Biometric System: Key Fob Systems, RFID Systems, Keypad Entry Systems, Mobile App-Based Access Control
Pre-Book The Vehicle Access Control Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing the Vehicle Access Control Market?
The prominence of technological innovation is a key trend observed in the vehicle access control market. Firms in this market are investing in new, cutting-edge technology solutions to not only meet market demands but also improve brand recognition. Such technological improvements encompass the use of RFID solutions in vehicle access control systems, providing increased convenience and simplicity of use to consumers. Illustrating this, Nedap, a technology company based in the Netherlands, introduced a product called uPASS Go in June 2024. This new tool uses UHF RFID technology for long-range vehicle identification, allowing secure and efficient access control from a distance of up to 10 meters. It is designed to be user-friendly and easy to install, thanks to its new mounting bracket and service hatch. It offers a cost-effective, scalable solution that seamlessly integrates with existing systems, improving both the flow of traffic and security measures at vehicle access points.
Who Are the Key Players in the Vehicle Access Control Market?
Major companies operating in the vehicle access control market include:
• Denso Corporation
• Valeo SA
• Continental AG
• Robert Bosch GmbH
• Lear Corporation
• HELLA GmbH & Co.
• ZF Friedrichshafen AG
• Mitsubishi Electric Corporation
• Panasonic Corporation
• Omron Corporation
•NXP Semiconductors N. V.
• Texas Instruments Incorporated
•STMicroelectronics N. V.
• Infineon Technologies AG
• Alps Alpine Co Ltd.
• Aptiv PLC.
• Autoliv Inc.
• Gentex Corporation
• Harman International Industries Inc.
• Hitachi Ltd.
• Hyundai Mobis Co Ltd.
• Johnson Electric Holdings Limited
• Magna International Inc.
• Murata Manufacturing Co Ltd.
• NEC Corporation
• Nidec Corporation
• Osram Licht AG
• Panasonic Corporation
• Samsung Electronics Co Ltd.
• Sony Corporation
•
What Is The Most Dominant Region In The Vehicle Access Control Market?
North America was the largest region in the vehicle access control market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vehicle access control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
