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Vehicle Access Control Market Share

Report ID: GMI9886
Published Date: Jun 2024
Report Format: PDF

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Vehicle Access Control Market Share

Bosch GmbH and Honeywell Corporation hold a significant market share of around 10% in the vehicle access control industry. Bosch GmbH places significant emphasis on understanding customer needs and tailoring solutions accordingly. This customer-centric approach helps in building long-term relationships and loyalty. Also, the company acquires technology startups or smaller firms with complementary capabilities to enhance its portfolio in vehicle access control technologies swiftly.

Honeywell Corporation employs aggressive marketing strategies to increase brand visibility and market penetration. This includes participating in industry events, trade shows, and advertising campaigns aimed at both OEMs and end consumers. Also, company emphasizes providing after-sales support and maintenance services, which enhances customer satisfaction and loyalty.

Vehicle Access Control Market Companies

Key companies operating in the vehicle access control industry are:

Allegion plc
Avigilon Corporation (Motorola Solutions Inc)
Axis Communications AB
Bosch GmbH
Dormakaba Holding AG
HID Global
Honeywell Corporation
Identiv Inc.
Johnson Controls
Nedap Identification Systems
Siemens AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of vehicle access control reached USD 10.7 billion in 2023 and is set to witness over 9% CAGR between 2024 and 2032, owing to the growing demand for enhanced security measures at gated facilities.

The non-biometric segment in the vehicle access control industry held over 55% share in 2023 and is poised to cross USD 12.5 billion by 2032, attributed to its cost effectiveness and convenience.

North America market held over 37% share in 2023, due to significant number of vehicle thefts, which has heightened the need for advanced vehicle access control systems to protect against unauthorized access.

Allegion plc, Avigilon Corporation (Motorola Solutions Inc), Axis Communications AB, Bosch GmbH, Dormakaba Holding AG, HID Global, Honeywell Corporation, Identiv Inc., Johnson Controls, Nedap Identification Systems, and Siemens AG.