The Business Research Company’s Vehicle Access Control Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Vehicle Access Control Global Market Report 2023 evaluates vehicle access control market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global vehicle access control market size will grow from $10.66 billion in 2022 to $11.67 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the vehicle access control is expected to grow to $16.96 billion in 2027 at a CAGR of 9.8%.
The increasing demand for electric vehicles will propel the growth of the vehicle access control market. A vehicle propelled by one or more electric motors is known as an electric vehicle (EV). It can be powered by a collector system that draws electricity from the outside of the car or by a battery. Road and rail vehicles, surface and underwater watercraft, electric airplanes, and electric spaceships are all examples of electric vehicles. As the demand increases for electric vehicles, it will create a significant need to employ vehicle access control systems. For instance, according to a report by the International Energy Agency (IEA), global electric car sales reached a record 3 million in 2020, a 40% increase from 2019. It is also estimated that there will be 300 million electric cars on the road by 2030, accounting for more than 60% of new car sales by then which was only 4.6% in 2020. Therefore, the rising demand for electric vehicles drives the vehicle access control market growth.
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The vehicle access control market segments in the report are:
1) By ype: Biometric System, Non-Biometric System
2) By Vehicle Type: PC, LCV, HCV
3) By Technology: Near Field Communication (NFC), Bluetooth, RFID, Wi-Fi
4) By Applications: Traffic Management, Sensitive Sites/Facilities/Zones, Toll Ways, Commercial Buildings, Residential Buildings
The table of contents in TBRC’s vehicle access control market report includes:
1. Executive Summary
2. Vehicle Access Control Market Characteristics
3. Vehicle Access Control Market Trends And Strategies
4. Vehicle Access Control Market – Macro Economic Scenario
5. Vehicle Access Control Market Size And Growth
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26. Africa Vehicle Access Control Market
27. Vehicle Access Control Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vehicle Access Control Market
29. Vehicle Access Control Market Future Outlook and Potential Analysis
30. Appendix
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