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Electronic Access Control Systems Market

Global Market Study on Electronic Access Control (EAC) Systems: Biometric Systems to Witness Highest Demand

Electronic Access Control Systems Market Segmented By Authentication System, Intruder Alarm Systems and Perimeter Security System Process type in Commercial, Residential, Government, and Industrial

Electronic Access Control Systems Market Snapshot

According to Persistence Market Research, the electronic access control systems market generated a revenue of US$ 37,463.2 Mn in 2022. The demand for electronic access control systems will accelerate, with the top market players holding a prominent share of the electronic access control systems market in 2022. The global market for electronic access control systems is expected to reach US$ 110,965.1 Mn by 2033, growing at a ~ 10.7% CAGR from 2023 to 2033.

Global Electronic access control systems Market Size (2022A)

US$ 37,463.2 Mn

Global Electronic access control systems Market Size (2023E)

US$ 102,272.0 Mn

Projected Electronic access control systems Market Value (2033F)

US$ 110,965.1 Mn

Value CAGR (2023-2033)

~ 10.7%

Collective Value Share: Top 3 Countries (2022)

~45.5%

Electronic access control systems are gaining popularity all around the world. Growing public worry about theft, break-ins, and white-collar crime is driving demand for modern security systems from both commercial and residential groups. Furthermore, the simplicity of these systems drives the global market for electronic access control systems.

Furthermore, the increasing instances of vandalism, public place violence, and terrorist attacks in city centres and other educational institutions are among the primary drivers driving the global market for electronic access control systems.

Moreover, road constructions, healthcare centres, educational buildings, and residential structures are expected to expand in the next years, which will undoubtedly increase market demand for electronic access control systems in order to achieve a higher level of security.

The lack of interoperability between these EAC systems and existing systems, on the other hand, is impeding market expansion. Furthermore, rising upfront costs, as well as the expansion of alternative technologies such as NFCs and biometric control access, are impeding the worldwide electronic access control systems market's growth.

Many more unique growth factors have been thoroughly examined, and Persistence Market Research's study also includes a full assessment of some of the significant difficulties for electronic access control systems.

The study also contains a detailed regional analysis, which shows that North America controls the majority of the market for electronic access control systems. The study also provides a comprehensive COVID-19 impact analysis to help readers make well-informed business decisions for the present and future.

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Electronic Access Control Systems Market Analysis from 2017 to 2022 Vs Market Outlook for 2023 to 2033

Between 2017 and 2022, demand for electronic access control systems recorded a 7.3% rise. Increasing crime and terror attacks demand high-end security. Governments have been driven to invest in stronger security systems in order to combat fraud, illegal immigration, and criminal activity. Among other security systems, the Electronic Access Control system accelerated market expansion during the historical period.

Electronic Access Control (EAC) systems' advantages such as high accuracy, convenience, and time efficiency make them more appealing in the global security industry.

Various inappropriate activities such as terrorism, frauds and others in public places such as educational institutions, city centers, malls, have made security as one of the major concerns for every individual. Organizations and government agencies as well as increasing international trade and privatization have influenced the government and private sector to invest in better infrastructure facilities.

Construction of roadways, residential structures, healthcare facilities, and educational institutions are predicted to expand in the next few years, creating demand for EAC system in order to achieve higher security levels.

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Why is Increasing Popularity of Online Retailing Good for Market Growth?

Substantial online marketing campaigns and promotions reflect the restructured retail environment, where e-Commerce and technical behemoths have altered consumer purchasing habits and the retailing arena. The online retailing industry is expanding, which has resulted in a growth trajectory for consumer electronics. Online commerce is more convenient for both buyers and merchants.

The online channel is a place where all businesses house their items with easy segmentation for clients to find the best product. Online sites also allow clients to compare the characteristics they have customized. Furthermore, user reviews are provided to help future customers comprehend the product feedback.

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How the higher products cost of electronic access control systems challenging the Growth Trajectory of Electronic access control systems Market?

The number of people who still thinks about usage and advantages of electronic access control systems before buying and compare this features to the products value. Manufacturers in the market focuses on introducing new technology in order to generate more revenue, but new technology comes in market with high price than old products. Consumers gives first preference to his need then focuses on the technology thus he mostly prefer the product having a minimal price and which is fulfilling his needs

Many electronic access control devices comes with various function with minimal cost which is most affordable and economical choice available to customer. The number of possibilities from which consumers can select the best product has increased due to increased product availability.

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Country-wise Analysis

Why Sales in the U.S. Market are Increasing?

The U.S. is expected to register a market value share of ~ 24.8% in global market.

Electronic Access Control Systems have evolved from a trend of niche innovation to a smart fixture for consumers wanting sophisticated security systems, with items from well-established names coexisting on the shelves alongside products from creative startups.

The Array by Hampton Connected Door Lock built-in Wi-Fi, which does not require a hub and can be managed with Alexa and Google voice commands or the user's phone, is an example of innovation. The gadget may also be opened using the concealed keypad or standard keys, and it has a one-of-a-kind solar charging panel.

Essentially, the business claims that the gadgets performed well in testing and had no interactions with third-party smart devices such as doorbells, smart plugs, and lights.

How is the U.K. Market Proliferating?

The U.K. is expected to grow at a CAGR of 8.2% during 2023 to 2033. Electronic access control systems are growing increasingly popular among consumers worldwide, even to the point of becoming required for identifying users by confirming different login credentials, such as PIN'S and passwords, Usernames, security tokens and biometric scans.

Multifactor authentication (MFA), a mechanism that needs several authentication methods to validate a user's identity, is also included in many access control systems. Electronic access control systems' innovative and advanced feature options have attracted a larger customer base, which has an influence on the sale of electronics access control systems in the UK.

Are Smart Digital Access control system propelling the Demand for Electronic access control systems in Japan?

Japan is expected to register a market value share of 5.8% in global market. Consumers are growing increasingly tech-savvy and therefore, companies are introducing products are progressively evolving to meet the digital needs perhaps connect with the smart phone. Technology is indeed shaping the residential sector. The electronic access devices market is flooded with products ranging from Deadbolt, RIM to fingerprint digital access, with coverage from gates to glass doors.

Even while Japanese consumer are more aware about security and privacy. This is an interesting fact of Japanese privacy standards. Electronic access control systems have dominated the market due to advancement in technology in access control systems as well growing awareness regarding advantage of smart access control products.

How is India Electronic access control systems Market Faring in Current Scenario?

India is expected to grow at a CAGR of 17.5% during 2023 to 2033. With the widespread adoption of Internet of Things (IoT) and significantly increasing the emerging technology trends impacts on the sale of electronics access control system products.

Smart automation is one of the most prominent areas of IoT, in which several electronic devices connected to a central network may be controlled by a single device and communicate with other IoT devices. Smart electronics access devices in which the deadbolts are replaced with a lock that operates on Bluetooth Low Energy (BLE) or other short-range network signals and can connect wirelessly with the user's smartphone.

Thus due to increase in adoption of IoT based products and increased usage of smart access control devices expected to drive the growth.

Category-wise Insights

Which Process Type has High Demand in the Electronic Access Control Systems Market?

Based on authentication systems in process type, the biometrics segment is in high demand in electronic access control market. Biometrics is a technology which helps to measure people’s physical and behavioral characteristics in order to identify person, and is mainly use to detect illegal entries in the certain area. Biometrics mainly includes fingerprint recognition, face recognition, voice recognition, iris recognition, palm recognition, signature recognition and other body parts.

Biometrics authentication system is expected to register a market value share of 63.7%. Many business organization adopt this type of technology for the safety. Even it is much secured as compare to other electronics access control devices and comes with lots of advantages such as Biometrics such as iris scanning, face patterns, fingerprints and others are nearly impossible to recreate with present technology.

How is Sales Channel Vital in Driving Demand?

Efficient distribution and marketing techniques have the potential to catalyze the fortunes of any product sector or market. As a result, electronic access control systems must be placed within the proper distribution route. While some companies have benefited from working with companies that already have focused distribution, it is critical to examine the sophistication of the product and match it with a supporting market.

Infact, before introducing the goods, a collaboration with that specific sales channel or even expert guidance may be beneficial. Specific items may not be a good fit or may need further development, marketing, or promotional activity to encourage brand loyalty.

As a result, the consumer-purchasing pattern has changed due to which the online retailers are focusing on providing innovative electronic access control systems at discounted prices. Online retailers segment is expected to grow at a CAGR of 3.5%.

Competition Landscape

On a global level, the market for electronic access control systems is moderately competitive, with many producers competing for market supremacy. Electronic access control systems have experienced a number of expansion strategies used by market rivals during the past few years, including acquisitions, mergers, and partnerships.

Manufacturers are also using sustainability as a strategy to expand their market share. As more consumers choose businesses with a green label and charitable undertakings, marketing strategies and brand habits are anticipated to change in favor of eco-friendly goods, boosting product sales.

Report Scope

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • US$ Mn for Value
  • Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • South Africa
  • Northern Africa
  • GCC Countries
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand

Key Segments Covered

  • Process Type
  • End User
  • Sales Channel
  • Region

Key Companies Profiled

  • Bosch Security Systems
  • Honeywell International Inc.
  • Cisco Systems
  • Tyco International Ltd.
  • Siemens AG
  • Magal Security Systems Ltd
  • NEC Corporation
  • Godrej Consumer Product Limited.
  • Johnson Controls
  • Hitachi
  • United Technologies Corporation
  • Panasonic Corporation.

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Segments Covered in Electronic access control systems Industry Research

Process Type

  • Authentication systems
    • Biometrics
      • Face recognition
      • Iris recognition
      • Palm recognition
      • Voice recognition
      • Signature recognition
      • Fingerprint recognition
      • Vein recognition
      • Automated Fingerprint Identification System (AFIS)/Live Scan
    • Card-Based
      • Proximity Card
      • Smart Card
  • Intruder alarm systems
  • Perimeter security systems
    • Free standing perimeter security
    • Buried perimeter security

End User

  • Government
  • Commercial
  • Industrial
  • Residential

Sales Channel

  • Direct Sales
  • Mono Brand
  • Supermarket/Hypermarket
  • Departmental Stores
  • Specialty Stores
  • Online Retailers

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa (MEA)

- Companies Covered in This Report -

  • Bosch Security Systems
  • Honeywell International Inc.
  • Cisco Systems
  • Tyco International Ltd.
  • Siemens AG
  • Magal Security Systems Ltd
  • NEC Corporation
  • Godrej Consumer Product Limited.
  • Johnson Controls
  • Hitachi
  • United Technologies Corporation
  • Panasonic Corporation.
  • Other Players (As Requested)

- Frequently Asked Questions -

The global electronic access control systems market is valued at US$ 37,463.2 Mn as of 2022.

Electronic access control systems are projected to increase at 10.7%CAGR and is expected to be valued at around US$ 110,965.1 Mn by 2033 end.

Bosch Security Systems, Honeywell International Inc., Cisco Systems, Tyco International Ltd., Siemens AG, Magal Security Systems Ltd., NEC Corporation, Godrej Consumer Product Limited, Johnson Controls, Hitachi, United Technologies Corporation, and Panasonic Corporation among others.

Germany, China, U.S., India, and Japan are driving most of the demand for electronic access control systems.

China, U.S., and Germany are major producers and exporters of electronic access control systems.

In recent years, product innovation has taken the lead in generating a demand for consumer goods, and consequently, manufacturers are investing in research and development, thereby widening growth prospects. Online retailing is boosting the demand for new product variants, as a consequence of which companies are investing towards technological innovations within the category.

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