Automotive and Transportation Vehicle Access Control Market By Reports and Data | Page 2

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Vehicle Access Control Market To Reach USD 23.00 Billion By 2026
The rise in demand for strict security and safety measures against vehicle theft has increased the
demand for the market.
Market Size – USD 8.93 Billion in 2018, Market Growth - CAGR of 12.6%, Market Trends – Production of
electric vehicles.
The Global Vehicle Access Control Market is forecast to reach USD 23.00 Billion by 2026, according to a
new report by Reports and Data. Vehicle access control system is an electronic system that is developed
to administer the movement of vehicles over an area. Growing crime rate accredited to vehicle theft has
increased the demand for safe and secure procedures for the protection of automobiles. Change in
lifestyle has led automotives to become a crucial component of today’s world. It has become a vital part
of day-to-day activities.
These systems are integrated with entrance automation equipment such as CCTV, barriers, license plate
recognition (LPR)/automatic number plate (ANPR), RFID long range readers, RFID controllers, video
management, smart cards, biometrics, and specialized windshield long-range tags, to provide hassle-
free vehicle management. It also helps in enrollment, mapping & authentication of vehicles, owners,
drivers & helpers. It helps in optimizing space & inculcating security.
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