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Sep 14, 2020 3:33 AM ET

Keen Insight for Industry Trend: Vehicle Access Control Market Value Analysis by 2027

iCrowd Newswire - Sep 14, 2020

From an insight perspective, this research report has focused on various levels of analysis—industry trends analysis, top players analysis, company profiles, which discuss the basic views on the competitive landscape, emerging and high-growth segments of Vehicle Access Control market, and high-growth regions; and drivers, restraints, challenges, and opportunities pertaining to Vehicle Access Control market.

The global vehicle access control market size is expected to reach USD 9.6 billion by 2025. North America dominates the global market with a revenue share of over 30%. The North American market is witnessing an increase in sales of premium vehicles with built-in advanced access control systems. Vehicle manufacturers in the region are also actively adopting the latest innovative vehicle access control systems. Vehicle access control systems are also extensively used on toll roads across North America to effectively manage traffic on highways. Asia Pacific is expected to be the fastest-growing regional market, with automotive companies investing heavily in research and development to reduce deployment costs so that these systems are no longer limited to high-end vehicles, but can also be installed in low- and mid-range vehicles. Low- and mid-range vehicles are particularly popular in developing Asia-Pacific countries.

The vehicle access control market has been further segmented into toll roads, commercial buildings, residential buildings, and others. Traditionally, vehicle access control systems have been widely implemented in toll roads. These systems utilize RFID technology for granting access to vehicles on toll roads and highways. These systems can help manage traffic on various toll roads that are prone to congestion.

Vehicle theft rates are on the rise and emerging markets have emerged as one of the major factors for market growth. Huge investments by automotive companies to reduce the deployment cost of vehicle access control systems are expected to increase the penetration of these systems in low- and mid-range vehicles. The security requirements at the entrance of commercial and residential buildings are also increasing. Research and development centers, power and nuclear power plants, and other sites are critical to a country’s economy. These establishments often house confidential information and hence need to be protected from unauthorized vehicular access. These are the main factors driving the need for advanced vehicle access control systems.

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Key Market Players Profile
Players covered in the report are:
Hella GmbH
Continental AG
Smartrac N.V.
Nuance Communication
Lear Corporation
Robert Bosch GmbH

The report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies, which will help companies create strategies to take advantages of the emerging opportunities in the future. Production and consumption are estimated to continue developing with a stable growth rate during the forecast period. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.

Application Outline:
Commercial Buildings
Residential Buildings

Type Segmentation

Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Vehicle Access Control Market

2 Market Trends and Competitive Landscape
3 Segmentation of Vehicle Access Control Market by Types
4 Segmentation of Vehicle Access Control Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Vehicle Access Control Market in Major Countries
7 North America Vehicle Access Control Landscape Analysis
8 Europe Vehicle Access Control Landscape Analysis
9 Asia Pacific Vehicle Access Control Landscape Analysis
10 Latin America, Middle East & Africa Vehicle Access Control Landscape Analysis
11 Major Players Profile

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Overall Regions Outlook
North America (U.S., Canada, Mexico)
Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe)
Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries)

Report Key Audience
Vehicle Access Control manufacturers
Downstream vendors and end-users
Traders, distributors, and resellers of Vehicle Access Control
Vehicle Access Control industry associations and research organizations
Product managers, Vehicle Access Control industry administrator, C-level executives of the industries
Market Research and consulting firms

Reasons to Purchase this Report
Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
6 months analyst support along with the data in excel

About Global Market Monitor
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We always maintain the win-win spirit, reliable quality and the vision of keeping pace with The Times, to help enterprises achieve revenue growth, cost reduction, and efficiency improvement, and significantly avoid operational risks, to achieve lean growth. Global Market Monitor has provided professional market research, investment consulting, and competitive intelligence services to thousands of organizations, including start-ups, government agencies, banks, research institutes, industry associations, consulting firms, and investment firms.

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