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access control system market

Access Control System Market Share, Size, Trends, Industry Analysis Report, By Type [Hardware (Card-based Readers, Biometric Readers, Multi-technology Readers, Electronic Locks, Controllers, Others), Software, Services]; By End Use; By Regions; Segment Forecast, 2020 - 2027

  • Published Date: Dec 2020
  • Pages: 113
  • Format: PDF
  • Report ID: PM1760
  • Base Year: 2019
  • Historical Data: 2016 - 2018

Report Summary

The global Access Control System market was valued at USD 8.52 billion in 2019 and is expected to grow at a CAGR of 8.0% during the forecast period. Demand for Access Control System is driven by several factors such as tough regulations by the government for increasing security level, increasing smart homes in the developing regions etc. However, factors such as high cost of installation and high software complexity restraints market growth. Increasing adoption of IoT is expected to be a driving factor for the growth of RFID card-based technology. The demand for RFID card-based technology is expected to witness growth over the forecast period owing to the advantages and efficiency associated with RFID products.

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Industry Dynamics

Growth Drivers
Enhanced features associated with Access Control System, increased demand is being witnessed from various industries, especially corporate offices, and hospitality. Besides these, high demand from education and healthcare industries is also expected to drive demand. In the education industry, the biometric access control system, in addition to granting entry, manages the attendance as well. While, in the healthcare industry, entry systems restrict the entry of certain individuals in restricted areas. Henceforth, the increasing application of PACS across various industries is expected to drive the demand.

Access Control System Market Report Scope

The market is primarily segmented on the basis of type, end-use, and geographic.

By Type

By End-Use

By Region

  • Hardware
    • Card-based Readers
    • Biometric Readers
    • Multi-technology Readers
    • Electronic Locks
    • Controllers
    • Others
  • Software
    • Visitor Management System
    • Others
  • Services
    • Installation & Integration Services
    • Support & Maintenance Services
  • Commercial
  • Military & Defense
  • Government
  • Residential
  • Education
  • Healthcare
  • Manufacturing & Industrial
  • Transportation
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • MEA (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Type

Based upon type, the global Access Control System market is categorized into hardware, software, and services, which is further segmented into several sub-segments. In 2019, biometric segment accounted for the large share. This high segment share can be attributed to advent of fingerprint recognition, face recognition, palm recognition, iris recognition and voice recognition. The concerned technology enables identification of individual’s physical parameters to provide access to any infrastructure. Moreover, the implementation of such technology to varied industry verticals also paving its high adoption.

Insight by End-Use

Based on end-use, the global market is categorized into commercial, military & defense, government, residential, education, healthcare, manufacturing & industrial, transportation, and others. In 2019, the residential segment accounted for the largest revenue share in the overall market. The segment is witnessing higher adoption of access systems to prevent theft and burglary cases. Moreover, technological advancements, home automation, increase in crime rates, and rising need to detect fire and gas leaks to ensure family safety is expected to drive the demand for Access Control System.

Geographic Overview

Geographically, the global market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is the largest revenue contributor followed by Europe and Asia Pacific. The growth in North America can be attributed to technological advancements and rising cases of crime-related activities.

The card-based security system is an emerging technology used by a range of end-users such as financial institutions, healthcare centers, and commercial buildings. Majority of the private sector companies have started using card-based entry systems to establish the authenticity of the person entering the premises.

The proximity card is the most widely used card-based authentication system for identification of individuals entering premises or restricted areas. The technology requires the card to be held within the range of the card reader, which reads information from the card and sends a signal to the controller. The controller then grants or denies access to the individuals. The proximity card system is extremely secure and is less prone to damage, hence reducing the cost of replacement.

Asia Pacific is projected to register highest growth over the forecast period. The factors responsible for its growth include increasing per capita income, compulsion of high-end building complexes, offices, and private bungalows with the need for these systems. The countries in the region are looking for inexpensive versions of PACs. In line with this, they are looking out for keypad-based PACs.

Entry systems comprises only keypads as a physical access control system, i.e., single-modal keypad access control system, are the products taken into this segment’s consideration. Such equipment is majorly used for single door access systems and are inexpensive, easy to use; however, they are less secure.

Competitive Insight

Some major players operating in the market include Honeywell International, Allegion, Avigilon, Bosch security, Johnson controls, 3M Cogent Inc., Aware Inc., Bio-Key International Inc., Axis communications, Assa Abloy, United Technologies Corporation, Digital Persona Inc., Morphotrak LLC, NEC Corporation, and Secugen Corporation. In Year 2017, Honeywell International signed a definitive agreement for the acquisition of Nextnine, the U.S.-based provider of physical access control solution, services, and technologies.

Key Take-Away
Polaris Market Research
Access Control System Market Size | Global Industry Report, 2027