Vehicle Access Control Market

Executive Summary

Vehicle Access Control Market was valued at US $10.26 billion in 2021 and is projected to grow at 6.78% CAGR over the forecast period to reach US $15.21 billion by 2027. Vehicle Access Control Market represented US $1.26 billion opportunity over 2019-2021 and estimated to create US $4.95 billion opportunity in 2027 over 2021.

Vehicle Access Control from Consainsights analyses the Vehicle Access Control Market in the Technology & Media industry over the forecast period to 2027.

Vehicle Access Control research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Vehicle Access Control segmentation includes System Type, Biometric System, Non-Biometric System, Technology, Vehicle Type, Electric Vehicle, Region and Geography.

Based on the System Type, the Vehicle Access Control analysis covers Market Share Analysis, By System Type, Biometric System, Non-Biometric System.

In System Type segment, Market Share Analysis, By System Type segment has highest cagr growth of 6.01%.

Based on the Biometric System, the Vehicle Access Control analysis covers Market Share Analysis, By Biometric System, Face Recognition System, Fingerprint Recognition System, Iris Recognition System, Voice Recognition System, Market Size Forecast , By Biometric System.

In Biometric System segment, Market Share Analysis, By Biometric System segment has highest cagr growth of 6.01%.

Based on the Non-Biometric System, the Vehicle Access Control analysis covers Market Share Analysis, By Non-Biometric System, Keyless Entry, Stolen Vehicle Assist, Alarm, Electronic Immobilizer, Steering Wheel Lock, Others.

In Non-Biometric System segment, Market Share Analysis, By Non-Biometric System segment has highest cagr growth of 6.01%.

Based on the Technology, the Vehicle Access Control analysis covers Market Share Analysis, By Technology, NFC, Bluetooth, RFID, Wi-Fi.

In Technology segment, Market Share Analysis, By Technology segment has highest cagr growth of 6.01%.

Based on the Vehicle Type, the Vehicle Access Control analysis covers Market Share Analysis, By Vehicle Type, Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle.

In Vehicle Type segment, Market Share Analysis, By Vehicle Type segment has highest cagr growth of 6.01%.

Based on the Electric Vehicle, the Vehicle Access Control analysis covers Market Share Analysis, By Electric Vehicle, Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Fuel Cell Electric Vehicle.

In Electric Vehicle segment, Market Share Analysis, By Electric Vehicle segment has highest cagr growth of 6.01%.

Based on the Region, the Vehicle Access Control analysis covers Asia Pacific, Europe, North America, Rest of the World.

In Region segment, Asia Pacific segment has highest cagr growth of 6.01%.

Based on the region, the Vehicle Access Control analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Denso Corporation, Valeo, Continental AG, Robert Bosch, Mitsubishi Electric, Johnson Electric, Lear Corporation, Naunce Communication, Synaptics Incorporated, Fingerprint Cards AB, Voxx International, Methode Electronics, Tokai Rika, U-Shin Ltd, Deepglint, Omron Corporation, Delphi Automotive, HUF Hülsbeck, Biodit, Precise Biometrics, Calamp, Onstar, Hypr, The Club, Sanji Security Systems, Intellicar and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

System Type

Introduction

In 2021, Market Share Analysis, By System Type segment has the highest revenue of US $5.33 billion and is expected to grow at CAGR of 6.01% by 2027 Market Share Analysis, By System Type segment has highest cagr growth of 6.01%.

Market Share Analysis, By System Type

Market Share Analysis, By System Type segment was valued at US $4.68 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $7.91 billion by 2027. Market Share Analysis, By System Type segment represented US $0.66 billion opportunity over 2019-2021 and estimated to create US $2.57 billion opportunity in 2027 over 2021.

Biometric System

Biometric System segment was valued at US $1.97 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $3.34 billion by 2027. Biometric System segment represented US $0.28 billion opportunity over 2019-2021 and estimated to create US $1.09 billion opportunity in 2027 over 2021.

Non-Biometric System

Non-Biometric System segment was valued at US $2.35 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $3.97 billion by 2027. Non-Biometric System segment represented US $0.33 billion opportunity over 2019-2021 and estimated to create US $1.29 billion opportunity in 2027 over 2021.

Biometric System

Introduction

In 2021, Market Share Analysis, By Biometric System segment has the highest revenue of US $3.96 billion and is expected to grow at CAGR of 6.01% by 2027 Market Share Analysis, By Biometric System segment has highest cagr growth of 6.01%.

Market Share Analysis, By Biometric System

Market Share Analysis, By Biometric System segment was valued at US $3.47 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $5.87 billion by 2027. Market Share Analysis, By Biometric System segment represented US $0.49 billion opportunity over 2019-2021 and estimated to create US $1.91 billion opportunity in 2027 over 2021.

Face Recognition System

Face Recognition System segment was valued at US $2.45 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $4.15 billion by 2027. Face Recognition System segment represented US $0.34 billion opportunity over 2019-2021 and estimated to create US $1.35 billion opportunity in 2027 over 2021.

Fingerprint Recognition System

Fingerprint Recognition System segment was valued at US $1.40 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $2.36 billion by 2027. Fingerprint Recognition System segment represented US $0.20 billion opportunity over 2019-2021 and estimated to create US $0.77 billion opportunity in 2027 over 2021.

Iris Recognition System

Iris Recognition System segment was valued at US $0.61 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $1.03 billion by 2027. Iris Recognition System segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.33 billion opportunity in 2027 over 2021.

Voice Recognition System

Voice Recognition System segment was valued at US $0.65 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $1.10 billion by 2027. Voice Recognition System segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.36 billion opportunity in 2027 over 2021.

Market Size Forecast , By Biometric System

Market Size Forecast , By Biometric System segment was valued at US $0.42 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $0.71 billion by 2027. Market Size Forecast , By Biometric System segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.23 billion opportunity in 2027 over 2021.

Non-Biometric System

Introduction

In 2021, Market Share Analysis, By Non-Biometric System segment has the highest revenue of US $4.10 billion and is expected to grow at CAGR of 6.01% by 2027 Market Share Analysis, By Non-Biometric System segment has highest cagr growth of 6.01%.

Market Share Analysis, By Non-Biometric System

Market Share Analysis, By Non-Biometric System segment was valued at US $3.59 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $6.07 billion by 2027. Market Share Analysis, By Non-Biometric System segment represented US $0.50 billion opportunity over 2019-2021 and estimated to create US $1.98 billion opportunity in 2027 over 2021.

Keyless Entry

Keyless Entry segment was valued at US $2.31 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $3.90 billion by 2027. Keyless Entry segment represented US $0.32 billion opportunity over 2019-2021 and estimated to create US $1.27 billion opportunity in 2027 over 2021.

Stolen Vehicle Assist

Stolen Vehicle Assist segment was valued at US $1.33 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $2.25 billion by 2027. Stolen Vehicle Assist segment represented US $0.19 billion opportunity over 2019-2021 and estimated to create US $0.73 billion opportunity in 2027 over 2021.

Alarm

Alarm segment was valued at US $0.73 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $1.23 billion by 2027. Alarm segment represented US $0.10 billion opportunity over 2019-2021 and estimated to create US $0.40 billion opportunity in 2027 over 2021.

Electronic Immobilizer

Electronic Immobilizer segment was valued at US $0.38 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $0.64 billion by 2027. Electronic Immobilizer segment represented US $0.05 billion opportunity over 2019-2021 and estimated to create US $0.21 billion opportunity in 2027 over 2021.

Steering Wheel Lock

Steering Wheel Lock segment was valued at US $0.39 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $0.67 billion by 2027. Steering Wheel Lock segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.22 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.27 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $0.46 billion by 2027. Others segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.15 billion opportunity in 2027 over 2021.

Technology

Introduction

In 2021, Market Share Analysis, By Technology segment has the highest revenue of US $4.37 billion and is expected to grow at CAGR of 6.01% by 2027 Market Share Analysis, By Technology segment has highest cagr growth of 6.01%.

Market Share Analysis, By Technology

Market Share Analysis, By Technology segment was valued at US $3.83 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $6.47 billion by 2027. Market Share Analysis, By Technology segment represented US $0.54 billion opportunity over 2019-2021 and estimated to create US $2.11 billion opportunity in 2027 over 2021.

NFC

NFC segment was valued at US $2.48 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $4.20 billion by 2027. NFC segment represented US $0.35 billion opportunity over 2019-2021 and estimated to create US $1.37 billion opportunity in 2027 over 2021.

Bluetooth

Bluetooth segment was valued at US $1.13 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $1.92 billion by 2027. Bluetooth segment represented US $0.16 billion opportunity over 2019-2021 and estimated to create US $0.62 billion opportunity in 2027 over 2021.

RFID

RFID segment was valued at US $1.35 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $2.28 billion by 2027. RFID segment represented US $0.19 billion opportunity over 2019-2021 and estimated to create US $0.74 billion opportunity in 2027 over 2021.

Wi-Fi

Wi-Fi segment was valued at US $0.21 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $0.35 billion by 2027. Wi-Fi segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.11 billion opportunity in 2027 over 2021.

Vehicle Type

Introduction

In 2021, Market Share Analysis, By Vehicle Type segment has the highest revenue of US $3.75 billion and is expected to grow at CAGR of 6.01% by 2027 Market Share Analysis, By Vehicle Type segment has highest cagr growth of 6.01%.

Market Share Analysis, By Vehicle Type

Market Share Analysis, By Vehicle Type segment was valued at US $3.29 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $5.57 billion by 2027. Market Share Analysis, By Vehicle Type segment represented US $0.46 billion opportunity over 2019-2021 and estimated to create US $1.81 billion opportunity in 2027 over 2021.

Passenger Car

Passenger Car segment was valued at US $2.15 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $3.63 billion by 2027. Passenger Car segment represented US $0.30 billion opportunity over 2019-2021 and estimated to create US $1.18 billion opportunity in 2027 over 2021.

Light Commercial Vehicle

Light Commercial Vehicle segment was valued at US $2.18 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $3.68 billion by 2027. Light Commercial Vehicle segment represented US $0.31 billion opportunity over 2019-2021 and estimated to create US $1.20 billion opportunity in 2027 over 2021.

Heavy Commercial Vehicle

Heavy Commercial Vehicle segment was valued at US $1.38 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $2.34 billion by 2027. Heavy Commercial Vehicle segment represented US $0.19 billion opportunity over 2019-2021 and estimated to create US $0.76 billion opportunity in 2027 over 2021.

Electric Vehicle

Introduction

In 2021, Market Share Analysis, By Electric Vehicle segment has the highest revenue of US $4.25 billion and is expected to grow at CAGR of 6.01% by 2027 Market Share Analysis, By Electric Vehicle segment has highest cagr growth of 6.01%.

Market Share Analysis, By Electric Vehicle

Market Share Analysis, By Electric Vehicle segment was valued at US $3.73 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $6.30 billion by 2027. Market Share Analysis, By Electric Vehicle segment represented US $0.52 billion opportunity over 2019-2021 and estimated to create US $2.05 billion opportunity in 2027 over 2021.

Battery Electric Vehicle

Battery Electric Vehicle segment was valued at US $2.08 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $3.52 billion by 2027. Battery Electric Vehicle segment represented US $0.29 billion opportunity over 2019-2021 and estimated to create US $1.15 billion opportunity in 2027 over 2021.

Hybrid Electric Vehicle

Hybrid Electric Vehicle segment was valued at US $2.04 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $3.45 billion by 2027. Hybrid Electric Vehicle segment represented US $0.29 billion opportunity over 2019-2021 and estimated to create US $1.12 billion opportunity in 2027 over 2021.

Plug-In Hybrid Electric Vehicle

Plug-In Hybrid Electric Vehicle segment was valued at US $0.60 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $1.01 billion by 2027. Plug-In Hybrid Electric Vehicle segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.33 billion opportunity in 2027 over 2021.

Fuel Cell Electric Vehicle

Fuel Cell Electric Vehicle segment was valued at US $0.55 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $0.93 billion by 2027. Fuel Cell Electric Vehicle segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.30 billion opportunity in 2027 over 2021.

Region

Introduction

In 2021, Asia Pacific segment has the highest revenue of US $4.91 billion and is expected to grow at CAGR of 6.01% by 2027 Asia Pacific segment has highest cagr growth of 6.01%.

Asia Pacific

Asia Pacific segment was valued at US $4.31 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $7.29 billion by 2027. Asia Pacific segment represented US $0.60 billion opportunity over 2019-2021 and estimated to create US $2.37 billion opportunity in 2027 over 2021.

Europe

Europe segment was valued at US $2.42 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $4.09 billion by 2027. Europe segment represented US $0.34 billion opportunity over 2019-2021 and estimated to create US $1.33 billion opportunity in 2027 over 2021.

North America

North America segment was valued at US $1.26 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $2.13 billion by 2027. North America segment represented US $0.18 billion opportunity over 2019-2021 and estimated to create US $0.69 billion opportunity in 2027 over 2021.

Rest of the World

Rest of the World segment was valued at US $1.01 billion in 2019 and is projected to grow at 6.01% CAGR over the forecast period to reach US $1.71 billion by 2027. Rest of the World segment represented US $0.14 billion opportunity over 2019-2021 and estimated to create US $0.56 billion opportunity in 2027 over 2021.