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Vehicle Access Control Market Size, Share & COVID-19 Impact Analysis, By Type (Biometric System, Non-Biometric System), By Technology (RFID, NFC, Bluetooth, Others), By Vehicle Type (Passenger Car, Commercial Vehicle) and Regional Forecast, 2020-2027 is set to gain momentum from the increasing adoption of standardized interface technologies by reputed manufacturers, such as Hyundai, BMW, and Honda. These technologies surge the commercial viability of passive vehicle access control systems, as well as enable greater convenience for consumers.

Fortune Business Insights™ in a new study, titledVehicle Access Control Market Size, Share & COVID-19 Impact Analysis, By Type (Biometric System, Non-Biometric System), By Technology (RFID, NFC, Bluetooth, Others), By Vehicle Type (Passenger Car, Commercial Vehicle) and Regional Forecast, 2020-2027.” The study further mentions that the market size was USD 9.61 billion in 2019 and is projected to reach USD 12.45 billion by 2027, exhibiting a CAGR of 6.6% during the forecast period.

COVID-19 Pandemic: Rising Focus on Reducing Innovation Funding May Hamper Demand

The emergence of the COVID-19 pandemic has taken a toll on the automotive industry by declining global demand, disrupting supply chains, and closing of assembly plants. The elimination of various passenger cars and commercial vehicles is set to affect the ability of carmakers to invest in research and development activities. Besides, the pandemic has compelled manufacturers to focus on reducing innovation funding and managing day-to-day cash flow. Our detailed research report will help you take the right decision by gaining more insights into the current scenario of the vehicle access control industry.

A list of all the renowned vehicle access control operating in the global market:

  • Continental AG (Hanover, Germany)
  • Robert Bosch GmbH (Gerlingen, Germany)
  • Denso Corporation (Aichi, Japan)
  • Valeo (Paris, France)
  • Nuance Communications, Inc. (Massachusetts, US)
  • Lear Corporation (Michigan, US)
  • Mitsubishi Electric Corporation (Tokyo, Japan)
  • NXP Semiconductors (Eindhoven, Netherlands)

Below are the two latest industry developments:

  • June 2020: Continental bagged new orders from three vehicle manufacturers based in Asia & Europe for CoSmA, its smartphone-based vehicle access system. This system will be blended into the architecture of their upcoming vehicles. The production is expected to begin in 2021.
  • January 2019: Bosch introduced its Perfectly Keyless digital access service that can easily recognize the owner’s smartphone just like a digital fingerprint. Only then it can open the vehicle.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/vehicle-access-control-market-103664

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