Transparency Market Research in its new report titled, “Automotive Access Control System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the automotive access control system market. The TMR report anticipates that the increased concern among consumers about the vehicle safety will drive the automotive access control system market during the forecast period i.e, 2018-2026. Chances of the vehicle or important things in the vehicle being stolen is high if a proper access system is not installed in the vehicle. Consumers prefer to install a reliable access control system in order to avoid the chances of theft. Additionally, introduction of electric vehicles is likely to drive the market during the forecast period, says the report.
According to the report, increase in rate of adoption of electric vehicles has led to higher integration of vehicle security systems with outside devices such as mobile, GPS, and key. This has resulted into the development of a sophisticated vehicle access control system. Rapid expansion witnessed by the ride sharing market is another prominent driver of the automotive access control system market, as several ride-hailing and ride-sharing companies have to operate their vehicles from long distance. A key-less access control system helps these companies to operate their fleets precisely. Threat of hacking is a key restraint of the automotive access control system market. Hackers can access the vehicle by hacking the network, as several types of access control system are connected via a network. Another restraint of the market is the possibility of malfunction of electronic components. The entire vehicle can get locked if components such as sensors, ECUs, and other electronic components malfunction.
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The TMR report has segregated the automotive access control system market based on technology, component, function, vehicle type, sales channel, and geography. In terms of technology, the market is classified into four segments. The remote access control systems are widely being used owing to their ease of operation and inexpensive price, followed by mobile based access control systems. In mobile based access control system, the owner can access several vehicle functions through a mobile-based app. The mobile based access control system segment is expected to expand at a rapid pace in the near future, as mobiles have become an integral part of our daily lives. On the basis of vehicle type, the automotive access control system market is divided into two segments. Passenger vehicles witness a significant demand for access control systems. Vehicle owners are well aware about vehicle safety; therefore, they prefer the vehicle to be incorporated with the access control system.
From a regional perspective, the automotive access control system market is classified into five prominent regions. Vehicle owners from North America and Europe are aware about advanced technologies such as access control system. Increased concerns about the vehicle safety, higher per capita income, and service by OEMs have prompted consumers from North America and Europe to demand the vehicle access control system. Some of the leading companies operating in the automotive access control system market are profiled in this report to give a better competitive analysis and these include Continental AG, deister electronic GmbH, Valeo, Omega Security Solutions, Robert Bosch GmbH, Zipcar, Inc., Keaz Limited, and Firstech, LLC.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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