The global vehicle access control market is expected to grow from $10.8 billion in 2020 to $22.6 billion in 2027 at a CAGR of 11.2%. The market has grown due to increased interest in vehicle security, increased production of PCs and LCVs, and increased demand for electric vehicles. Premium car models will provide another sustainable and profitable revenue stream for vehicle access-based biometric systems in the automotive industry in the future.
The vehicle access control industry is driven by the increasing incidence of vehicle theft, increased awareness of vehicle security, increased production of passenger cars and light commercial vehicles, and growing preference for electric vehicles worldwide.
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A full report of Vehicle Access Control Market available at: https://www.orionmarketreports.com/vehicle-access-control-market/41503/
Vehicle Access Control Market Segments:
By System Type:
Biometric System
• Face Recognition System
• Fingerprint Recognition System
• Iris Recognition System
• Voice Recognition System
Non-Biometric System
• Face Recognition System
• Fingerprint Recognition System
• Iris Recognition System
• Voice Recognition System
By Technology:
• NFC
• Bluetooth
• RFID
• Wi-Fi
By Vehicle Type:
• Passenger car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
By Electric Vehicle:
• Hybrid Electric Vehicle
• Plug-In Hybrid Electric Vehicle
• Fuel Cell Electric Vehicle
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
