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

  • A Look at AI

    Large language models (LLMs) have taken the world by storm. Within months of OpenAI launching its AI chatbot, ChatGPT, it amassed more than 100 million users, making it the fastest-growing consumer application in history. Read Now

  • First, Do No Harm: Responsibly Applying Artificial Intelligence

    It was 2022 when early LLMs (Large Language Models) brought the term “AI” into mainstream public consciousness and since then, we’ve seen security corporations and integrators attempt to develop their solutions and sales pitches around the biggest tech boom of the 21st century. However, not all “artificial intelligence” is equally suitable for security applications, and it’s essential for end users to remain vigilant in understanding how their solutions are utilizing AI. Read Now

  • Improve Incident Response With Intelligent Cloud Video Surveillance

    Video surveillance is a vital part of business security, helping institutions protect against everyday threats for increased employee, customer, and student safety. However, many outdated surveillance solutions lack the ability to offer immediate insights into critical incidents. This slows down investigations and limits how effectively teams can respond to situations, creating greater risks for the organization. Read Now

  • Security Today Announces 2025 CyberSecured Award Winners

    Security Today is pleased to announce the 2025 CyberSecured Awards winners. Sixteen companies are being recognized this year for their network products and other cybersecurity initiatives that secure our world today. Read Now

  • Empowering and Securing a Mobile Workforce

    What happens when technology lets you work anywhere – but exposes you to security threats everywhere? This is the reality of modern work. No longer tethered to desks, work happens everywhere – in the office, from home, on the road, and in countless locations in between. Read Now

Most   Popular

New Products

  • Unified VMS

    AxxonSoft introduces version 2.0 of the Axxon One VMS. The new release features integrations with various physical security systems, making Axxon One a unified VMS. Other enhancements include new AI video analytics and intelligent search functions, hardened cybersecurity, usability and performance improvements, and expanded cloud capabilities

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.