Global Vehicle Access Control Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Vehicle Access Control Market” is a market research report, which is under production at MarketResearch.biz. In the report, details on various aspects such as market drivers, trends, market growth opportunities, market restraints, estimated and projected revenue growth, details of key players, and recent developments in the global and regional markets are included. Findings and research results were verified by industry experts, before including it in the report. The global vehicle access control market research report is segmented on basis of technology, application, and region.
Vehicle access control system permits entry of vehicles on premises, based on various entry requirements such as day, time, and purpose. Vehicle access control systems need no human intervention to check and enable automatic access to vehicles to pass gates of premises. The system provides controlled and authorized access through automated rollers, barriers, shutters, doors, and gates.
One among some of the major factors driving growth of the global vehicle access control market is increasing rate of crimes through unauthorized vehicle entries. In addition, technological innovations in developing advanced vehicle access control systems are likely to encourage consumers to choose latest vehicle access control system. Furthermore, aggressive investments by automotive companies for reducing deployment cost of vehicle access control systems is projected to increase penetration of access control systems, which is likely to significantly contribute to the market growth. Security requirements at the entry gates of residential as well as commercial buildings have been increasing. Power plants, research and development plants, and nuclear power zones are important to maintain the economy of any nation. Confidential information in such establishments has to be protected from all unauthorized vehicular entry. All these are factors expected to drive growth of the global vehicle access control market over the forecast period. However, there are restraints hampering adoption of these systems, which in turn negatively affecting market growth. End-users find it very difficult to get acquainted with the system is a major restraint. Another restraint is the high maintenance cost. Continuous research and development to incorporate new technologies into these systems to overcome these restraints are expected to bring growth opportunities for the key players in the global market.
Global Vehicle Access Control Market Segment Analysis:
By Technology: Among the technology segments, the non-biometric segment continues to account for highest revenue share compared to other technology segments. This growth of the segment can be attributed to different offers by non-biometric access control systems such as intrusion alarm, and keyless entry.
By Application: Among the application segments, the tollways segment is expected to continue to dominate the market in terms of revenue share over the forecast period, which is attributed to extensive implementation of these systems in tollways. Increasing awareness and acceptance of these systems in tollways of highways to restrict entry to unauthorized vehicles is the key factor for this projected growth.
Global Vehicle Access Control Market Regional Analysis:
The market in North America is projected to maintain its dominance in terms of revenue share contribution to the global vehicle access control market. The number of implementations of these systems in tollways, residential and commercial buildings has been increasing in the region over the recent past due to increasing number of criminal attacks. Another key factor for the number of implementation increasing in the region is related to rapid technological advancements and development of these systems used to prevent unauthorized entries. These advancements in technology make the system faultless, perfect, and easy to access. The fastest- growing regional market is the Asia Pacific market owing to the system becoming more affordable in the region.
Global Vehicle Access Control Market Segmentation:
- Commercial Buildings
- Residential Buildings
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Continental AG
- Robert Bosch GmbH
- Hella GmbH
- Nuance Communication
- Smartrac N.V.
- Lear Corporation
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