Vehicle Access Systems Market - Survey on Future Scope size COVID-19 2027

• Rise in penetration of global vehicle access systems is attributed to an increase in technological advances in vehicle security systems, which enable drivers to lock/unlock and start/stop the vehicle remotely
• The purpose of access system is to grant entrance/leave from a commercial or residential building or toll gates only to authorized vehicles. The vehicle access control system is remotely connected to the access control unit of a commercial or residential building, which verifies the pre-registered vehicle license plate or an access card to determine whether the vehicle is authorized to enter the premises.

Key drivers of global vehicle access systems market

• Data regulations enacted across diverse industries including health care, banking, and insurance and demand for safety are boosting the demand for vehicle access systems globally systems. In case of a robbery or an accident, to identify the vehicle involved, a vehicle monitoring system is required. Information about vehicles entering or exiting buildings such as bank and hospital premises is recorded using the vehicle access system in order to monitor and increase the safety of these buildings. This system records data of a vehicle, such as license plate, which can be used to trace a vehicle in case of theft/robbery.

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Advancements in vehicle remote keyless access technologies is likely to fuel the global vehicle access systems market. For instance, both Robert Bosch GmbH and Continental AG have developed a cloud-based vehicle access system that enables a vehicle owner to lock/unlock and start/stop his vehicle without the need for a key. Such developments in vehicle access control systems based on cloud technology, mobile smartphones and tablets, and IoT devices are fueling the adoption of vehicle access systems, which in turn is driving the global market.

Passive vehicle access system segment to hold notable share of global vehicle access systems market

• The passive vehicle access system segment is estimated to account for a significant share of the global vehicle access system market. The system utilizes automotive sensors, dash cams, and Application Program Interface (API), which are efficient and cost-effective. The above mentioned sensors and dash cams are relatively simple to use and are being incorporated in several applications, including passive vehicle access entry, enabling automakers to easily integrate them in their vehicles.

Lack of vehicle standards for vehicle access control system to hamper global vehicle access systems market

• Automakers are focusing more on enhancing security and safety of vehicles in order to cater to a rise in consumer demand for safer and secure vehicles. The factor mentioned above drives the global market for vehicle access systems; however, lack of stringent global regulations and vehicle standards is still a challenge for automakers. Absence of such standards fails to guarantee the life of vehicle access systems. This, in turn, may lead to a threatening situation for vehicle owners in case the vehicle access systems fails and a customers is locked in/out of the vehicle. Therefore, regulations and standards for vehicle access systems are essential to prevent such situations.

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 Europe to hold prominent share of global vehicle access systems market

• Increase in demand for luxury cars in countries such as Germany, France, and Russia in Europe is boosting the market in the region. For instance, in 2018, Volkswagen and BMW sold 541,200 and 319,134 units of luxury vehicles, respectively, in Germany, which accounted for approximately 18% and 2.5% rise in sales, respectively, as compared to sales of 531,600 and 311,071 units of luxury vehicles, respectively, in 2017. Furthermore, presence of automotive giants, such as Robert Bosch GmbH, Continental AG, in the manufacture of vehicle access control system is likely to drive the vehicle access systems market in Europe.