Global Vehicle Access Control Market : By Biometric, By Non-biometric , By Technology, By Vehicle Type Forecast 2027

11/giu/2019 10:54:47 sonikashukla98 Contatta l'autore

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Bharat Book Bureau Provides the Trending Market Research Report on “Global Vehicle Access Control Market Analysis & Forecast to 2027” under Heavy Industry Category. The report offers a collection of market research, market analysis, competitive intelligence and market reports.

Rising demand for safety and security, technological advances in the automotive industry

The Vehicle Access Control Market is projected to grow from USD 10.8 billion in 2020 to reach USD 22.6 billion by 2027, at a CAGR of 11.2%. Increasing demand for connected vehicles, need for multi-factor authentication systems, rising demand for mid-sized cars, and convenience factors are expected to boost the market. However, changes in technology require a change in the market and the threat of cybersecurity.

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Global Vehicle Acces Control Market

Increasing emphasis on safety and security are likely to propel the growth of the market during the forecast period.
There has been a rapid increase in technological advancements in the automotive industry related to vehicle theft systems. The growing demand for advanced safety and security features that increase the convenience and safety of passengers is now an opportunity for suppliers. Several companies have developed application-based features that enable smartphones OEMs are focusing on improving the appearance of interiors and personalization. Fingerprint and face recognition are the major upcoming biometric vehicle access controls that will significantly drive the market.

Asia Pacific is expected to register the fastest growth during the forecast period.

Majority of OEMs are planning to launch cars that have pre-installed biometric features, over the next few years. With rapid urbanization, increased disposable income, and advanced technology, OEMs are investing heavily to develop vehicle access control with better and reliable authentication. The stolen vehicle assistance has been the primary focus Moreover, China, Japan, and South Korea in the region are highly focusing on development, testing, and deployment of biometric system authentication. China is all set to deploy fingerprint recognition by 2020 in the Hyundai Sante Fe model.

Europe is expected to have the second largest market during the forecast period.

Europe accounted for second largest market in 2020. It is a major hub for several renowned OEMs including Volkswagen, Daimler, Renault, Volvo, and others. Germany is the largest market in the region. The country is likely to hold the largest global market by 2027. The country has sufficient investment in technology and production of premium segments for the testing of vehicle access control. As for industry experts, Germany would soon be deploying vehicle access control systems, especially biometric authentication for PCs and LCVs, on a large scale.

In-depth interviews were conducted with CEOs, marketing directors, and other executives working in the vehicle access control market.

• By Company Type: Tier I - 49%, Tier II - 41%, and Tier III - 10%,

• By Designation: C Level - 47%, D Level - 39%, and Others - 14%

• By Region: North America - 33%, Europe - 42%, Asia Pacific - 21%, and Rest of the World - 4%
The vehicle access control market includes major manufacturers like Continental AG (Germany), Robert Bosch (Germany), Voxx International (US), Lear Corporation (US), Fingerprint AB (Sweden), Nuance Communication (US), Synaptics (US), and others.

Research Coverage:
The study covers the vehicle access control market across various segments. It is an estimation of the market, the size and future growth of different markets such as type, biometric, non-biometric, technology, vehicle type, electric vehicle, and region. In-depth analysis of key players in the market, with their company profiles, key observations related to product and business offerings, recent developments, and acquisitions.

Key Benefits of Buying the Report:
The report will help leaders / new entrants in this market with information on the nearest This report will help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Browse our full report with Table of Contents:
https://www.bharatbook.com/marketreports/vehicle-access-control-market-by-biometric-fingerprint-face-iris-voice-non-biometric-stolen-vehicle-assist -keyle / 1579749

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