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

  • Security Industry Embraces Mobile Credentials, Biometrics and AI, New Trends Report From HID Finds

    As organizations navigate an increasingly complex threat landscape, security leaders are making strategic shifts toward unified platforms and emerging technologies, according to the newly released 2025 State of Security and Identity Report from HID. The comprehensive study gathered responses from 1,800 partners, end users, and security and IT personnel worldwide, and reveals a significant transformation in how businesses are approaching security, with mobile credentials and artificial intelligence emerging as key drivers of innovation. Read Now

  • UK’s NHS Hospital Transforms Security with Edge-processing Camera System

    i-PRO Co., Ltd.,(formerly Panasonic Security), a manufacturer of edge computing cameras for security and public safety, recently announced that a leading teaching hospital in Northeast England, has enhanced its security infrastructure with i-PRO X-Series cameras integrated with Milestone’s XProtect Video Management Software (VMS). Read Now

  • Gun Violence Report Finds Retail Spaces, K-12 Schools Most Targeted

    ZeroEyes, the creators of the only AI-based gun detection video analytics platform that holds the U.S. Department of Homeland Security SAFETY Act Designation, today announced the release of its annual Gun Violence Report, offering a deep dive into the landscape of gun-related incidents across the United States. This analysis extends beyond mass fatality events, providing a more nuanced understanding of when, where, and why shootings occur. Read Now

  • Agentic AI Will Revolutionize Cybercrime in 2025 According to New Report

    Malwarebytes, a provider in real-time cyber protection, recently released its 2025 State of Malware report, which reveals insight into the emergence of agentic artificial intelligence (AI), plus the year’s most prominent threats and cybercrime tactics. The report details a significant uptick in the number of known ransomware attacks, the total value of ransoms paid in 2024, and how IT teams can address them. Read Now

Most   Popular

New Products

  • 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.

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.