Vehicle access control is an integral part of vehicle security as there is a chance for every car to be stolen at any time. Vehicle access can be control in several ways, such as through remote control, alarm, stolen vehicle assist, steering lock, biometric recognition, and immobiliser. These methods can use by various vehicles, depending on the condition and type of vehicle.
The global vehicle access control systems market size was US$ 7 billion in 2018 and is forecasted to reach around US$ 16 billion by 2025.
In the vehicle access control system, there are different types of technologies used depending on the type of control system installed in a vehicle.
Some of the vehicle access control systems technologies include:
The vehicle access control system, using RFID technology, is also used in tollways to allow the entry and exit of vehicle from toll, and due to its applications, it also gained attraction from residential buildings and commercial buildings. It is used as a barrier to stops unauthorised vehicles to enter residential and commercial buildings.
The theft of vehicles is increasing around the world, in both developed and developing countries. Customers are installing different access systems to protect their vehicles. Now even the auto manufacturers are offering built-in access control systems, in vehicles, to their customers for fighting against vehicle theft. Consequently, the increase in vehicle theft is the key driver behind the growth of market size. Some other drivers include the rise in demand for light commercial vehicles around the world, and also the increase in connected vehicles.
The technology is still dominated by the non-biometric techniques, due to its low rate of installation and maintenance. The biometric vehicle access control technology can be installed only in new or upcoming vehicles. Looking at types of vehicles, the light commercial vehicles (LCV) account for the large market share for vehicle access control system.
North America seems to have the bigger market share than other regions, due to the leading auto brands are located in North America, such as General Motors, Ford, Tesla, Chevrolet, Fiat Chrysler, Cadillac, Dodge, Jeep, and Buick. The other reasons for greater market share include a rise in demand for security systems from consumers, focus on autonomous technology development, and more car theft cases as compare to other regions. The Asia Pacific is also expected to have a high growth rate in the forecasted period.