Global Electronic Access Control Market Overview
A physical or virtual place can be accessed or denied access via electronic access control. To regulate the entry and out movement of people and vehicles, electronic access control and management is primarily used. Additionally, key fobs or access cards are used as credentials by the installed electronic access control. Magnetic stripe cards, which are widely used, and the newest biometric technology are all incorporated in electronic access control. Electronic Access Control Market accounted for US$ 6.2 billion in 2020 and is estimated to be US$ 12.84 billion by 2030 and is anticipated to register a CAGR of 7.6%.
Global Electronic Access Control Market Drivers & Restraints
It is anticipated that rising crime rates and changing security trends would significantly alter the landscape of the electronic access control market. Additionally, increased public and private sector investments in bettering infrastructure and facilities are anticipated to support the industry. Over the projection period, it is also anticipated that the number of healthcare facilities, roads, commercial, and educational buildings would rise, supporting the expansion of the market for electronic access systems. The market's expansion is, however, constrained by a lack of interoperability between electronic access control solutions and the current system.
Global Electronic Access Control Market Segmentations & Regional Insights
Electronic Access Control Market is segmented based on type, application and region.
On the basis of type, the Electronic Access Control Market is segmented into Card-based and Biometrics. On the basis of application, the Electronic Access Control Market is segmented into Commercial, Industrial, and Residential.
Regional Insights:
On region the Electronic Access Control MarketMarket is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Throughout the forecast period, North America dominated the market. North America is far ahead of the rest of the globe in terms of access control system adoption.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
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Forecast period |
2020– 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 to 2030 |
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Market Segmentation |
By Type - Card-based and Biometrics. By Application – Commercial, Industrial, and Residential. |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Electronic Access Control MarketMarket report based on device, contain, deployment and region:
Electronic Access Control Market, By Type
- Card-based
- Biometrics
Electronic Access Control Market, By Application
- Commercial
- Industrial
- Residential
Electronic Access Control Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Electronic Access Control Market Competitive Landscape & Key Players
The key players operating the Electronic Access Control Market includes Honeywell International Inc , ASSA Abloy AB, SIEMENS AG, TYCO LLC, BOSCH Security Systems Inc, DDS Services Inc., ADT LLC, Dorma GmbH, KABA Group Ltd., and Schneider Inc.
Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in August2022, Telstra touts proposed restructures ‘transparency’ and ‘flexibility’, in its newly released plan brochure, Telstra said the restructuring would create better transparency of its assets across its customer and infrastructure businesses, which would "allow management to increase efficiency and effectiveness".
Global Electronic Access Control Market Company Profile
- Honeywell International Inc *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ASSA Abloy AB
- SIEMENS AG
- TYCO LLC
- BOSCH Security Systems Inc
- DDS Services Inc.
- ADT LLC
- Dorma GmbH
- KABA Group Ltd.
- Schneider Inc.
“*” marked represents similar segmentation in other categories in the respective section
Global Electronic Access Control Market Highlights
FAQs
The Electronic Access Control Market is segmented into basis of type, application and region.
It is anticipated that rising crime rates and changing security trends would significantly alter the landscape of the electronic access control market.
By region, Throughout the forecast period, North America dominated the market. North America is far ahead of the rest of the globe in terms of access control system adoption.
The Key players operating in the Global Electronic Access Control Market includes Honeywell International Inc , ASSA Abloy AB, SIEMENS AG, TYCO LLC, BOSCH Security Systems Inc, DDS Services Inc., ADT LLC, Dorma GmbH, KABA Group Ltd., and Schneider Inc.