Vehicle Access Control Market Size

Vehicle Access Control Market Size

Vehicle Access Control Market size was valued at USD 10.7 billion in 2023 and is estimated to register a CAGR of over 9% between 2024 and 2032. The increase in vehicle thefts across the globe is significantly contributing to the growing adoption of advanced vehicle access control systems. Consumers and businesses are investing in these technologies to protect their vehicles from theft and unauthorized access.

According to National Insurance Crime Bureau (NICB), the vehicle thefts in U.S. increased from 1,008,756 in 2022 to 1,020,729 in 2023 an increase of one percent. California accounted for highest number of vehicle thefts in 2023, with 208,668 vehicles reported stolen. The theft rate in Columbia is three times higher than the national theft rate.
 

Automated vehicle access control systems eliminate the need for manual checking and monitoring, significantly reducing the need for security personnel at entry and exit points. Automated systems operate continuously without the need for shifts, breaks, or additional staffing, leading to further savings on labor costs. Also, efficient management of vehicle entry and exit reduces congestion and idle times, leading to smoother operations and reduced fuel consumption for vehicles, which translates into cost savings for users. These factors are further contributing to the growth of vehicle access control market across the globe.
 

The high initial costs of installing advanced vehicle access control systems are a major factor hindering the growth of the market. The purchase of hardware including barriers, gates, sensors and software, as well as the cost of installation and integration with existing infrastructure significantly increases the cost.  Also, advanced access control systems require regular maintenance to ensure they operate efficiently, which can add to the operational costs.