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Market Introduction
The vehicle access control market driven by ultra-wideband technology is expected to have a significant impact on both the European automotive industry and the overall economy. When it comes to providing more convenient and safe car entry, these solutions could be a major differentiator for automakers looking to improve the user experience. We predict that European automakers will invest significantly more in ultra-wideband (UWB) technology, which will result in a greater use of UWB systems in automobiles. Compared to conventional keyless entry systems, ultra-wideband technology provides a better level of protection since its sophisticated security features make it difficult to intercept or jam UWB signals. It is anticipated that the use of UWB-based vehicle access control systems will lessen the number of cases involving car theft. An illustrative example is BMW, which introduced the BMW Digital Key Plus with ultra-wideband technology in January 2021 for the BMW iX, providing customers with a secure and straightforward keyless entry system.Market Segmentation:
Segmentation 1: by Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Segmentation 2: by Authentication Type
- Biometric
- Non-Biometric
Segmentation 3: by Component Type
- Software
- Hardware
- Smart Devices
- Key Fob
- In-Vehicle Access Chip Set
Segmentation 4: by Frequency Range
- 3.1 GHz to 6 GHz
- 6 GHz to 10.6 GHz
Segmentation 5: by Positioning Technique
- Time Difference of Arrival (TDoA)
- Two-Way Ranging (TWR)
Segmentation 6: by Country
- Germany
- France
- Italy
- Rest-of-Europe
How can this report add value to end users?
Product/Innovation Strategy: The product segment helps the readers understand the different types of ultra-wideband technology. Furthermore, the study provides the readers with a detailed understanding of the Europe ultra-wideband technology-based vehicle access control market based on application and product.Growth/Marketing Strategy: To improve the capabilities of their product offerings, players in the Europe ultra-wideband technology-based vehicle access control market are developing unique products. The readers will be able to comprehend the revenue-generating tactics used by players in the Europe ultra-wideband technology-based vehicle access control market by looking at the growth/marketing strategies. Other market participants' tactics, such as go-to-market plans, will also assist readers in making strategic judgments.
Competitive Strategy: Players in the Europe ultra-wideband technology-based vehicle access control market analyzed and profiled in the study include vehicle manufacturers that capture the maximum share of the market. Moreover, a detailed competitive benchmarking of the players operating in the Europe ultra-wideband technology-based vehicle access control market has been done to help the readers understand how players compete against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, collaborations, and mergers and acquisitions are expected to help the readers understand the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.Some of the prominent names established in this market are:
- NXP Semiconductors
- STMicroelectronics N.V.
- BMW Group
- Continental AG
- Robert Bosch GmbH
- Valeo
- Sirin Software
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Table of Contents
Executive Summary
The Europe ultra-wideband technology-based vehicle access control market (excluding U.K.) is estimated to reach $118.7 million by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 16.72% during the forecast period 2022-2031.Europe is home to four of the top ten automotive manufacturers in the world and has a dominant position in the global automotive value chain. Rising automotive production and competent performance of the domestic market in recent years, along with a high awareness level of telematics and connected vehicles, have resulted in the stable growth of the ultra-wideband technology-based vehicle access control market in the region.
USPs of report
- Segmentation by vehicle type, authentication type, component type, and by frequency range provided in the report
- Analysis of business drivers and challenges of the Europe Ultra-Wideband Technology-Based Vehicle Access Control Market
- Detailed analysis of Ultra-Wideband Technology-Based Vehicle Access Control Market for Germany, France and Italy
- A detailed company profile comprising established players
Analyst’s Perspective on Europe Ultra-Wideband Technology-Based Vehicle Access Control Market
The Principal Analyst states, 'UWB technology is becoming increasingly popular for vehicle access control systems, and industry experts predict that this trend will continue to grow in the coming years. One of the main drivers of this market is the increasing demand for advanced and secure vehicle access control systems. UWB technology provides high levels of security, with sub-centimeter precision distance measurements that prevent unauthorized access. UWB technology is also less susceptible to interference and signals to jam, making it ideal for harsh radio frequency environments. Another market driver is the increasing demand for connected vehicles and smart mobility solutions. UWB technology can be integrated with Bluetooth and Wi-Fi to provide seamless and convenient access control for connected vehicles. As the demand for connected vehicles continues to grow, the UWB technology-based vehicle access control market is expected to grow.'Some of the prominent names established in this market are:
- NXP Semiconductors
- STMicroelectronics N.V.
- BMW Group
- Continental AG
- Robert Bosch GmbH
- Sirin Software
Key Questions Answered in the Report
- What are the key drivers and challenges in the Europe ultra-wideband technology-based vehicle access control market?
- Which ultra-wideband technology type segment is estimated to witness the maximum demand growth in the Europe ultra-wideband technology-based vehicle access control market during 2022-2031?
- Which are the key application areas for which different ultra-wideband technology types may experience high demand during the forecast period 2022-2031?
Companies Mentioned
- NXP Semiconductors
- STMicroelectronics N.V.
- BMW Group
- Continental AG
- Robert Bosch GmbH
- Valeo
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 102 |
Published | November 2023 |
Forecast Period | 2022 - 2031 |
Estimated Market Value ( USD | $ 29.5 Million |
Forecasted Market Value ( USD | $ 118.7 Million |
Compound Annual Growth Rate | 16.7% |
Regions Covered | Europe |
No. of Companies Mentioned | 6 |