Vehicle Access Control Market Analysis

Vehicle Access Control Market Analysis

Based on system, the market is segmented into biometric system and non-biometric system. The non-biometric segment held a market share of over 55% in 2023 and is expected to cross over USD 12.5 billion by 2032. The growth of the segment can be attributed to its cost effectiveness and convenience. Non-biometric systems are generally more affordable to implement and maintain compared to biometric alternatives. They often involve simpler technology and do not require specialized hardware like fingerprint scanners or facial recognition cameras, making them a cost-effective choice for many applications.
 

Also, these systems offer ease of use and convenience for users. Access can be granted through methods such as RFID cards, key fobs, or numeric keypads, which are familiar for individuals to use without the need for training or setup.
 

Based on vehicle, the vehicle access control market is segmented into passenger cars, LCVs and HCVs. The passenger cars segment held a market share of around 63% in 2023. The growth of the segment can be attributed to the growing passenger vehicle sales across the globe.
 

According to the Society of Indian Automobile Manufacturers (SIAM), 4.1 million cars including sedans and utility vehicles were sold in India 2023 as compared to 3.79 million vehicles sold in 2022, showing an increase by 8.2%.  Also, access control systems enhance security by preventing unauthorized access and potential theft of passenger vehicles, particularly in residential areas or public parking facilities.
 

North America held a major vehicle access control market share of over 37% in 2023. North America, particularly the U.S., experiences a significant number of vehicle thefts, which has heightened the need for advanced vehicle access control systems to protect against unauthorized access. Also, the growing urbanization and security concerns in metropolitan areas in North America drive the demand for advanced vehicle access control systems to prevent unauthorized access and enhance public safety.
 

U.S. government has adopted eco-friendly access control solutions, including energy-efficient systems and sustainable technologies, to minimize environmental impact and support sustainability goals. Also, the rising demand for advanced mobility solutions, including autonomous vehicles and shared mobility services, influencing the adoption of advanced access control technologies in the country.
 

Countries in Europe are using enhancing border security measures by using robust access control systems for monitoring and managing vehicular entry and exit points at borders and checkpoints. Government initiatives promoting smart city development, digital transformation, and infrastructure modernization drive investments in advanced access control technologies in MEA.