Vehicle Access Control Market Size Hit USD 23.42 Billion at a CAGR of 10.3% in 2028
Increasing incidence of vehicle theft and growing awareness regarding vehicle safety & security are key factors driving market revenue growth Market Size – USD 10.68 Billion in 2020, Market Growth – at a CAGR of 10.3%, Market Trends – Growing adoption of electric vehicles globally The global vehicle access control market size is expected to reach USD 23.42 Billion in 2028 and register a revenue CAGR of 10.3% over the forecast period, according to the latest report by Reports and Data. Continuous technological advancements, and rising awareness regarding benefits of integrating vehicle access control systems are key factors driving market revenue growth. Vehicle access control systems reduce company's operating costs by eliminating security-related man-hours and freeing up resources for other duties. Vehicle access control is a reliable and efficient method of controlling vehicle entry based on the day of the week, time, and credentials; as a result, demand for the product