Exclusive Report Expects Rapid Growth for the Vehicle Access Control Market

Exclusive Report Expects Rapid Growth for the Vehicle Access Control Market

MarketsandMarkets says the worth of the vehicle access control market could reach $22.6 billion by 2027.

  • By Kaitlyn DeHaven
  • Jun 10, 2019

Due to a high demand for vehicle security and safety features, MarketsandMarketsTM predicted large growth for the vehicle access control market in the next eight years. The passenger car, biometric systems, and Asia Pacific market are predicted to be where the largest growth will lie in the following years.

MarketsandMarketsTM said security in passenger cars has become increasingly popular over the past few years, as consumers are beginning to use advanced features such as keyless entry, immobilizer, stolen vehicle assist, and alarm. This increase in demand for these security features stems from the rise in vehicle theft throughout the past few years.

“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,” the report stated. “One motor vehicle theft was reported every 40.9 seconds in the United States in 2017.”

Biometrics systems such as fingerprint access look like they will soon be coming to the market. These systems offer convenience and security to the consumer, and they also allow for multiple authentications. The first car to get fingerprint access will be Hyundai Santa Fe in the China market, according to MarketsandMarketsTM, and analysts have said that China will also be the first country to test face recognition.

There is an increasing demand for luxury vehicles in the Asia Pacific market, and because of this, it is predicted as the fastest growing market for vehicle access control. As stated above, China will be the first country to test biometrics systems on vehicles, and moreover, major players such as KIA, Aptiv, Nissan, and Hyundai are present in the Asia Pacific region.

About the Author

Kaitlyn DeHaven is the Associate Content Editor for the Infrastructure Solutions Group at 1105 Media.

Featured

  • Ransomware Attacks Rise for the First Time in Six Months

    Ransomware attacks have risen for the first time in six months, increasing by 28% month-on-month to 421 attacks. While overall attack volume remained below 500, the uptick may signal a renewed escalation heading into the year’s most active period for cyber criminals. Read Now

  • Report: 47 Percent of Security Service Providers Are Not Yet Using AI or Automation Tools

    Trackforce, a provider of security workforce management platforms, today announced the launch of its 2025 Physical Security Operations Benchmark Report, an industry-first study that benchmarks both private security service providers and corporate security teams side by side. Based on a survey of over 300 security professionals across the globe, the report provides a comprehensive look at the state of physical security operations. Read Now

    • Guard Services

  • Identity Governance at the Crossroads of Complexity and Scale

    Modern enterprises are grappling with an increasing number of identities, both human and machine, across an ever-growing number of systems. They must also deal with increased operational demands, including faster onboarding, more scalable models, and tighter security enforcement. Navigating these ever-growing challenges with speed and accuracy requires a new approach to identity governance that is built for the future enterprise. Read Now

  • Eagle Eye Networks Launches AI Camera Gun Detection

    Eagle Eye Networks, a provider of cloud video surveillance, recently introduced Eagle Eye Gun Detection, a new layer of protection for schools and businesses that works with existing security cameras and infrastructure. Eagle Eye Networks is the first to build gun detection into its platform. Read Now

  • Report: AI is Supercharging Old-School Cybercriminal Tactics

    AI isn’t just transforming how we work. It’s reshaping how cybercriminals attack, with threat actors exploiting AI to mass produce malicious code loaders, steal browser credentials and accelerate cloud attacks, according to a new report from Elastic. Read Now

Most   Popular

New Products

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.

  • A8V MIND

    A8V MIND

    Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area.

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file.