Vehicle Access Control Market 2019: Future Demand, Market Analysis & Outlook To 2025

According to the new market research report "Vehicle Access Control Market by Biometric (Fingerprint, Face, Iris, Voice), Non-biometric (Stolen Vehicle Assist, Keyless, Immobilizer, Alarm, Steering Lock), Technology (Bluetooth, NFC, RFID, Wi-Fi), type, Vehicle, EV & Region - Global Forecast to 2027", published by MarketsandMarkets™, The global 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%.

The growth of the Vehicle Access Control Market is influenced by the rising demand for security & safety features, increase in vehicle theft, advanced technological investments in automotive, the growing concern of insurance companies over vehicle theft, and increasing sales of the electric vehicles.

Recent Developments

• Denso, in October 2017, announced that it would expand its US footprint with a USD 1 billion investment in its Maryville, Tennessee location. The investment would also expand multiple production lines to produce advanced safety, connectivity, and electrification products for hybrid and electric vehicles. These new products would radically improve fuel efficiency and preserve electric power by recovering and recycling energy, and by connecting all systems and products inside the vehicles.

• Denso Corporation and Toshiba Corporation, in October 2016, have reached a basic agreement to jointly develop an artificial intelligence technology called Deep Neural Network-Intellectual Property (DNN-IP), which will be used in image recognition systems developed independently by these two companies to achieve advanced driver assistance and automated driving technologies. DNN, an algorithm modeled after the neural networks of the human brain, is expected to perform recognition processing as accurately as or even better than the human brain.

• Continental, in February 2019, announced its successful acquisition of Kathrein Automotive GmbH. Incorporating the automotive division of Kathrein, a Rosenheim-based antenna, and satellite technology manufacturer is a move that will give Continental an important key segment to add to its wealth of expertise. Potential applications range from remote access keys and navigation applications to telematics solutions.

• Bosch has announced its keyless digital access service, in January 2019. It recognizes the owner’s smartphone digital fingerprint and opens the vehicle only for them. The keyless service offers the driver greater convenience and flexibility. The app allows the vehicle owner to grant other users access to their vehicle. For this, an additional key is sent by the cloud.

• Nuance Communications, in December 2018, introduced humanized mobility assistant that will be core to the digital, button-free car of the future. With these advancements, Nuance has created the world’s first multi-sensorial, cognitive mobility assistant that is poised to change the way drivers and passengers interact with their vehicles, other forms of mobility and transportation, and smart cities.

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Biometric system is expected to lead the Vehicle Access Control Market

Although, PCs and LCVs are equipped with basic security features like anti-theft alarms and immobilizers, the upcoming advanced features, especially in premium cars, are demanding biometric systems to make access more convenient for the driver and provide multiple authentications. The personalization offered by biometric systems in cars favors the demand for safety and security in the future. Fingerprint recognition is the most researched and ready to launch feature today in PCs. The first car to get the fingerprint access will be Hyundai Santa Fe (for China market first), and this feature will most likely come down the stream and find itself on a range of vehicles in the coming few years.

Passenger car is expected to be the largest market

The passenger car segment is expected to be the largest market during the forecasted year due to the adoption of advanced features in passenger cars such as keyless entry, immobilizer, stolen vehicle assist, and alarm. Increasing vehicle theft is one of the primary reasons for OEMs to pre-install vehicle access control systems. According to the Insurance Information Institute (III), there were 773,139 vehicles stolen in 2017, up by 0.8% from 767,290 vehicles in 2016. One motor vehicle theft was reported every 40.9 seconds in the United States in 2017. The contribution of non-biometric systems has increased significantly in automotive as all basic models are offering non-biometric systems in passenger cars in the developed countries such as US, Germany, UK, France, Canada, Spain, and Japan.

The Asia Pacific is expected to be the fastest growing market during the forecast period

The Asia Pacific market is the largest because of the growth in China, Japan, and South Korea. Rising vehicle production, increasing demand for luxury vehicles, growing sales of electric cars, and high technological development in the region are driving the Vehicle Access Control Market in the Asia Pacific. Companies such as KIA, Aptiv, Nissan, and Hyundai are the major players present in the region. The digitalization in the region also drives growth. For instance, China will be the first country to test fingerprint and face recognition in the upcoming years. OEMs are collaborating with biometric manufacturers to implement these systems for car authentication. For example, in March 2019 Hyundai invested USD 5 million in China’s Deep Glint, a Chinese startup specializing in computer vision technology utilizing artificial intelligence.

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The global Vehicle Access Control Market is dominated by major players such as Denso Corporation (Japan), Valeo (France), Continental AG (Germany), Robert Bosch (Germany), and Nuance Communication (US).

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