Vehicle Access Control Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 13.31 Billion |
| Market Size (2029) | USD 20.5 Billion |
| CAGR (2024 - 2029) | 9.54 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Vehicle Access Control Market Analysis
The Vehicle Access Control Market size is estimated at USD 13.31 billion in 2024, and is expected to reach USD 20.5 billion by 2029, growing at a CAGR of 9.54% during the forecast period (2024-2029).
- Over the medium term, There is a rise in smartphone functions to be built into in-vehicle infotainment systems. As cell phone use has risen, the usage of smartphones for the same purposes in their cars has also increased.
- Car manufacturers are themselves opting for modular hardware design. This helps them reduce the purchase price of infotainment systems. They are working on technology to let smartphone functions be built into in-vehicle infotainment systems at a low cost, which is likely to witness major growth for the market during the forecast period.
- Several leading car manufacturers in this region, such as BMW, Mercedes-Benz, Volvo, and Volkswagen, are developing compact and attractive smart keys, which shall provide growth opportunities for the market in the years to come. Additionally, features that are likely in high-end luxury cars are also being implemented in budget cars. Companies such as Honda, Hyundai, and KIA are engaged in developing vehicle access control systems even for budget cars.
- The sales of passenger vehicles and light commercial vehicles will be a driver for growth in the vehicle access control market. The sales of vehicles during the forecast period are expected to grow at a considerable rate. The growth in the use of technologically advanced systems in automobiles to provide convenience and safety to the user are also a factor responsible for market growth.
- The initiation of artificial intelligence (AI) and cloud services is expected to drive technological advancements in automotive systems. Most companies are using the existing Google and Apple ecosystems for their infotainment system. However, players are also opting for in-house development of their infotainment system operating system (OS), which in turn is likely to witness major growth for the market during the forecast period.
Vehicle Access Control Market Trends
Passenger Vehicle to Hold Largest Market Share
- Consumer interest in self-driving and connected vehicles is increasing, and these technologies are expected to gain traction. The advanced driver assistance systems (ADAS) presented are expected to close the penetration gap between today's cars and future cars.
- Additionally, as a result of the growing technological advancements in the automotive industry, end users are willing to spend more money on the newest technologies that improve driving experiences and increase driver and passenger safety. These features are also expected to improve vehicle performance by reducing vehicle downtime and alerting the owner of any vehicle problems, which in turn is likely to enhance the integration of vehicle access systems.
- Major vehicle manufacturers are introducing new models across the globe in which vehicle access control systems are introduced, such as smart key systems and others, which in turn is anticipated to witness major growth for the market during the forecast period.
- For instance, in September 2022, Audi India launched the Q7 model with a limited edition in India. The Audi Q7 Limited edition consists of a Comfort key for keyless entry. In March 2022, Tata Motors launched Altroz DCA (Dual-Clutch Transmission) in India. The vehicle has Auto Park Lock smart safety feature that automatically engages the vehicle to avoid unwanted movement.
- The advantage that biometric systems provide is that the credentials required for accessing the vehicle cannot be stolen from the user. But the biometric system increases the cost of the vehicle, which is why as of now, most premium car manufacturers are using this technology.
- Furthermore, the high accuracy of biometric systems is a reason for their rapid growth. Also, original equipment manufacturers (OEMs) are implementing this technology not only to lock and unlock the vehicle but also to start the engine.
Asia Pacific is Expected to Grow with the Highest Rate
- With the rise in production and demand for automobiles in the region, which is because of the factors such as increasing population and rising income levels, the Asia Pacific region is expected to grow with the highest compound annual growth rate (CAGR) in the vehicle access control market.
- China is one of the largest automotive markets in the world, and more than 23.56 million passenger cars were sold in the country in 2022 followed by 3.3 million comercial vehicles. Despite the pandemic, China is still one of the largest sellers of automobiles, which is a great opportunity for predictive technology to make its place in the Chinese automobile market.
- OEMs in the region are also investing heavily to innovate new features in vehicle access control, and this is also expected to drive the market. OEMs are collaborating with biometric manufacturers to implement systems for car authentication.
- Rise in the sale of passenger cars across the region owing to an increase in disposable income, finance facilities for buying cars, and many others. The rise in demand for electric vehicles across the country is likely to increase the integration of vehicle access control systems in vehicles.
- Owing to the initiative, many carmakers are also investing in India under various schemes. For instance,
- Indian companies are also working on research and development activities to develop new products which would positively impact the target market growth during the forecast period. For instance,
- In August 2022, India's largest automaker Maruti Suzuki confirmed that it shall soon introduce its first electric vehicle latest by 2025 end. In addition, Its parent firm, Suzuki Motor Corporation, is looking forward to investing Rs 10,400 crore in Gujarat to build a manufacturing plant to produce electric vehicles.
- With the above mentioned development across the region is likely to witness major growth for the market during the forecast period.
Vehicle Access Control Industry Overview
The vehicle access control market is dominated by several key players competing for a share in the market. Some of the prominent companies in the Vehicle access control market are Continental AG, Robert Bosch, Denso, Valeo, and others. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies. For instance,
In November 2022, Robert Bosch GmbH and XPENG Motors collaborated to mark its commitment to Linux and its effective use in safety-critical applications in connected cars.
In October 2022, NTT Communications Corporation and DENSO CORPORATION collaborated on the development of the Security Operation Center for Vehicles (VSOC1) to respond to the threat of increasingly sophisticated cyber-attacks against vehicles.
Vehicle Access Control Market Leaders
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Continental AG
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Lear Corporation
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Robert Bosch GmbH
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Denso Corporation
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Valeo
*Disclaimer: Major Players sorted in no particular order
Vehicle Access Control Market News
- January 2023: Valeo, a renowned automotive technology company, solidified a strategic agreement with C2A Security, a leading provider of automated cybersecurity solutions for connected, autonomous, and electric vehicles. This collaboration aims to bolster Valeo's cybersecurity offerings for their products in development and continuous operations, ensuring enhanced protection and resilience against potential cyber threats.
- November 2022: Huf, a pioneering automotive access solutions provider, introduced the revolutionary Light Touch Emblem system designed specifically for smart car access. This cutting-edge system boasts a remarkably low overall height of approximately 1 cm, granting carmakers unparalleled flexibility in its placement anywhere on the vehicle, particularly advantageous for electric vehicles. With the Light Touch Emblem system, Huf brings a new era of convenience and aesthetics to the automotive industry, redefining smart car access solutions.
Vehicle Access Control Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Growing Demand for Technologically Advanced Vehicles
- 4.1.2 Others
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4.2 Market Restraints
- 4.2.1 Cybersecurity Issues
- 4.2.2 Others
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4.3 Porters Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value (USD Billion)
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5.1 System Type
- 5.1.1 Biometric
- 5.1.2 Non-Biometric
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5.2 Technology
- 5.2.1 RFID
- 5.2.2 Bluetooth
- 5.2.3 NFC
- 5.2.4 Other Technolgies
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5.3 Vehicle Type
- 5.3.1 Passenger Cars
- 5.3.2 Commercial Vehicles
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Rest of Europe
- 5.4.3 Asia Pacific
- 5.4.3.1 India
- 5.4.3.2 China
- 5.4.3.3 Japan
- 5.4.3.4 South Korea
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 Rest of the World
- 5.4.4.1 South America
- 5.4.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles*
- 6.2.1 Continental AG
- 6.2.2 Robert Bosch GmbH
- 6.2.3 Denso Corporation
- 6.2.4 Valeo
- 6.2.5 Lear Corporation
- 6.2.6 Voxx Automotive
- 6.2.7 Fingerprints cards
- 6.2.8 Mitsubishi Electric Corporation
- 6.2.9 BorgWarner Inc.
- 6.2.10 Naunce Communication
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Vehicle Access Control Industry Segmentation
Vehicle access control is a proximity detection system that allows controlled access and security of all vehicles on site, using several contactless technologies such as Bluetooth, Near field communications, and others.
The vehicle access control market is segmented into system type, technology, vehicle type, and geography. Based on the system type, the market is segmented into Biometric and Non-Biometric. Based on the technology, the market is segmented into near-field communications (NFC), bluetooth, RFID, and other technologies. Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world.
For each segment, the market sizing and forecast have been done based on the value (USD).
| System Type | Biometric | |
| Non-Biometric | ||
| Technology | RFID | |
| Bluetooth | ||
| NFC | ||
| Other Technolgies | ||
| Vehicle Type | Passenger Cars | |
| Commercial Vehicles | ||
| Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Rest of Europe | ||
| Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of the World | South America |
| Middle-East and Africa |
Vehicle Access Control Market Research FAQs
How big is the Vehicle Access Control Market?
The Vehicle Access Control Market size is expected to reach USD 13.31 billion in 2024 and grow at a CAGR of 9.54% to reach USD 20.5 billion by 2029.
What is the current Vehicle Access Control Market size?
In 2024, the Vehicle Access Control Market size is expected to reach USD 13.31 billion.
Who are the key players in Vehicle Access Control Market?
Continental AG, Lear Corporation, Robert Bosch GmbH, Denso Corporation and Valeo are the major companies operating in the Vehicle Access Control Market.
Which is the fastest growing region in Vehicle Access Control Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Vehicle Access Control Market?
In 2024, the Asia Pacific accounts for the largest market share in Vehicle Access Control Market.
What years does this Vehicle Access Control Market cover, and what was the market size in 2023?
In 2023, the Vehicle Access Control Market size was estimated at USD 12.04 billion. The report covers the Vehicle Access Control Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vehicle Access Control Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Vehicle Access Control Industry Report
Statistics for the 2024 Vehicle Access Control market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vehicle Access Control analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
