DUBLIN, Feb. 27, 2023 /PRNewswire/ — The “Vehicle Access Control: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Vehicle Access Control Market to Reach $19.1 Billion by 2030
The global market for Vehicle Access Control estimated at US$9.9 Billion in the year 2022, is projected to reach a revised size of US$19.1 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2022-2030.
Non-Biometric Systems, one of the segments analyzed in the report, is projected to record 8.4% CAGR and reach US$15.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Biometric Systems segment is readjusted to a revised 9.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 11% CAGR
The Vehicle Access Control market in the U.S. is estimated at US$2.5 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 11% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 8.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies – Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Topics Covered:
MARKET OVERVIEW
Vehicle Access Control – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Vehicle Access Control – Definition, Types, & Benefits
Recent Market Activity
Innovations
World Brands
FOCUS ON SELECT PLAYERS (Total 75 Featured)
Continental AG
DENSO Corporation
Fingerprint Cards AB
HELLA GmbH & Co. KGaA
HYPR Corp
Irdeto B.V.
Johnson Electric Holdings Limited
Mitsubishi Electric Corporation
NXP Semiconductors
Robert Bosch GmbH
TOKAIRIKA, CO, LTD.
U-Shin Ltd
Valeo
VOXX International Corp.
MARKET TRENDS & DRIVERS
With OEM Integration of Physical Access Control Systems in Vehicles Linked to Automotive Production Trends, It Pays to Understand Where the Automotive Industry is Heading in 2022 & Beyond
Several Downsides Marr Outlook for 2022
Semiconductor Chip Shortages & Its Induced Production Woes Add to Market Nervousness
As Automobile Production Recovery Slips On the Original Forecasts, Hit By Chip Shortage Woes, Uncertainty Rips Through the Supply Chain
Russia-Ukraine War Has the Automotive Industry on Edge
Rise in Automobile Thefts & the Ensuing Stringent Motor Vehicle Theft Prevention Regulations Spur Demand for Physical Vehicle Access Control Systems
Vehicle Access Control Systems Grow in Significance as the Number of Cars Stolen Each Year Increases
Motor Vehicle Theft in the United States by Area Type as of the Year 2022
Keyless Vehicle Access Control Still Remains the Most Widely Used Secure Vehicle Access Control System
Hack-Proof Keyless Systems Rises in Prominence
Biometrics Emerges to be the Future of Vehicle Access Control Systems
Growing Installation of Vehicle Barriers for Controlling Unauthorized Vehicle Access in Restricted Areas Expand the Addressable Market Opportunity for Automated Solutions
Robust Growth in Electronic Tolling (ETC) to Benefit Investments in Vehicle Access Control Deployments
Focus on RFID Technology for Vehicle Access Control
Special Focus on ANPR Based Vehicle Access Control
For more information about this report visit https://www.researchandmarkets.com/r/manj3o-access?w=5
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SOURCE Research and Markets
