#Ultra-Wideband Technology-Based Vehicle Access Control Inustry

[mohitbisresearch]

The global ultra-wideband technology-based vehicle access control market was valued at $92.6 million in 2022, which is expected to grow at a CAGR of 17.09% and reach $383.1 million by 2031. The recent surge in the adoption of ultra-wideband technology across developed economies and their growing global awareness is shifting automakers’ focus to equip their upcoming models with ultra-wideband technology-based vehicle access.

[mohitbisresearch]

Ultra-wideband technology-based vehicle access control market to reach $383.1 million by 2031, UWB Technology-Based Vehicle Access Control Industry growing at a CAGR of 17.09% during the period 2022-2031.

the recent surge in the adoption of ultra-wideband technology across developed economies and their growing global awareness is shifting automakers' focus to equip their upcoming models with ultra-wideband technology-based vehicle access. For example, well-known automakers, including BMW, General Motors, Mercedes, and others, have already begun to offer ultra-wideband technology-based vehicle access in recent years. This shift in original equipment manufacturers’ (OEMs) focus toward developing ultra-wideband technology-based vehicle access control is expected to drive market growth in the coming years.