Electronic Access Control Systems Market
Electronic Access Control Systems Market Size, Share & Trends Analysis Report by Component (Biometrics Readers, Card-Based Readers, Multi-Technology Readers, and Electronic Locks and Controllers), by Vertical (Commercial Spaces, Military and Defense, Residential, Transport and Logistics, Healthcare, Industrial, and Others) Forecast Period (2023-2030)
Electronic access control systems market is anticipated to grow at a CAGR of 7.8% during the forecast period. Electronic access control systems are a modern alternative to traditional lock and key mechanisms, offering enhanced security, convenience, and flexibility. They employ a combination of hardware, software, and electronic components to authenticate and authorize individuals based on various factors such as credentials, biometric data, or proximity devices.
The rapid growth in the crime rate has forced residential communities and industrial entities to adopt advanced access control systems to secure valuable assets and infrastructure. According to the data published in the Federal Bureau of Investigation, the rate of violent crime per 100,000 individuals in the US increased from 380.8 in 2019 to 398.5 cases in 2020. Therefore, rising crime rates across the globe are expected to boost demand for access control solutions during the forecast period.
Technological advancements also driving the growth of the market. Major market companies are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next-generation access control solutions and tools into their services, such as bar codes, Wiegand proximity readers, smart cards, RFID, biometrics, NFC, BAC, and others to track the access of sources and premises. For instance, in March 2023, Axis Communications and Genetec Inc. partnered to launch Axis, an enterprise-level access control solution that combines Genetec access control software and Axis network door controllers in a single, easy-to-deploy package. This solution is the first of its kind on the market and utilizes Genetec technology to provide unified security, public safety, operations, and business intelligence solutions.
Segmental Outlook
The global electronic access control systems market is segmented based on component and vertical. Based on component, the market is augmented into biometrics readers, card-based readers, multi-technology readers, and electronic locks and controllers. Further, by vertical, the market is sub-sub-segmented into commercial spaces, military and defense, government, residential, transport and logistics, healthcare, industrial, and others. Among the components, the biometrics reader sub-segment is expected to account for the dominating share of the market during the forecast period. This can be attributed to the growing adoption of smart homes and the increasing awareness about security and surveillance.
Commercial Spaces Sub-Segment is Anticipated to Hold a Prominent Share of the Global Electronic Access Control Systems Market
Electronic access control systems have become the preferred way to manage access in commercial buildings, offices, and businesses. Employee theft is a significant issue that creates a demand for electronic access control systems. According to an article by CompareCamp in May 2020, the global loss from fraud and employee theft is estimated to be $2.9 trillion annually, and 33.0% of corporate bankruptcies in the US are linked to employee theft. Hence, by deploying access control systems can effectively reduce employee theft by permitting or denying entry to individuals with a key card.
Regional Outlook
The global electronic access control systems market is further segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, the Asia-Pacific region is projected to expand at a significant CAGR during the forecast period, due to the continuously expanding construction sector, availability of a large number of manufacturing industries, along with the growing crime rate.
Global Electronic Access Control Systems Market Growth, by Region 2023-2030
North America is Anticipated to Hold a Significant Share of the Global Electronic Access Control Systems Market
North America is expected to continue its dominance in the market, due to the presence of a large number of key players and the early adoption of technology in the region. For instance, in February 2023, Air Canada introduced a new digital facial recognition pilot program for selected flights between Vancouver and Winnipeg, as well as for qualified customers at the Air Canada Café at Toronto Pearson International Airport. The airline claims to be the first in Canada to offer this technology to its customers. The program aims to streamline the boarding process, reduce wait times, and increase efficiency. Air Canada plans to eventually extend this service to a few Canadian airports and Maple Leaf Lounges.
Moreover, the increasing demand for advanced and secure access control systems, coupled with the growing awareness about security and surveillance, is also driving the growth of the regional market. In addition, the growing adoption of smart homes and the increasing focus on security and surveillance in various end-use industries, such as commercial spaces, military & defense, and government, is also driving the growth of the electronic access control systems market in North America.
Market Players Outlook
The major companies serving the global electronic access control systems market include ADT, Bosch Sicheritssysteme GmbH, and Honeywell International, Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, funding, collaborations, and new product launches to stay competitive in the market. For instance, in February 2020, ASSA ABLOY, a Sweden-based electronic access control company acquired Biosite for an undisclosed amount. Biosite is a UK-based company that delivers biometric access control to the UK construction industry.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electronic access control systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. ADT
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Bosch Sicherheitssysteme GmbH
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Honeywell International Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Electronic Access Control Systems Market by Component
4.1.1. Biometrics Reader
4.1.2. Card-Based Reader
4.1.3. Multi-Technology Readers
4.1.4. Electronic Locks and Controllers
4.2. Global Electronic Access Control Systems Market by Vertical
4.2.1. Commercial Spaces
4.2.2. Military and Defense
4.2.3. Government
4.2.4. Residential
4.2.5. Transport and Logistics
4.2.6. Healthcare
4.2.7. Industrial
4.2.8. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Allegion Plc
6.2. ASSA ABLOY
6.3. Axis Communications AB
6.4. Dormakaba International Holding AG
6.5. Gemalto N.V.
6.6. Gunnebo AB
6.7. Identiv, Inc.
6.8. Johnson Controls
6.9. Kisi Incorporated
6.10. NEC Corporation of America
6.11. Nortek
6.12. Oberthur Technologies
6.13. SecuGen Corp.
6.14. Sony Corp
6.15. Securitas Technology
6.16. Vanderbilt Industries
1. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
2. GLOBAL BIOMETRICS READER AS ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL CARD-BASED READER AS ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL MULTI-TECHNOLOGY READERS AS ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL ELECTRONIC LOCKS AND CONTROLLERS AS ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
7. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR COMMERCIAL SPACES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR MILITARY AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR TRANSPORT AND LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR OTHER VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. NORTH AMERICAN ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
17. NORTH AMERICAN ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
18. NORTH AMERICAN ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
19. EUROPEAN ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. EUROPEAN ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
21. EUROPEAN ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
22. ASIA-PACIFIC ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. ASIA-PACIFIC ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
24. ASIA-PACIFIC ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
25. REST OF THE WORLD ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
26. REST OF THE WORLD ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
27. REST OF THE WORLD ELECTRONIC ACCESS CONTROL SYSTEMS MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
1. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SHARE BY COMPONENT, 2022 VS 2030 (%)
2. GLOBAL BIOMETRICS READER AS ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL CARD-BASED READER AS ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL MULTI-TECHNOLOGY READERS AS ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL ELECTRONIC LOCKS AND CONTROLLERS AS ACCESS CONTROL SYSTEMS MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SHARE BY VERTICAL, 2022 VS 2030 (%)
7. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR COMMERCIAL SPACES MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR MILITARY AND DEFENSE MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR GOVERNMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR RESIDENTIAL MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR TRANSPORT AND LOGISTICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR HEALTHCARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR INDUSTRIAL MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS FOR OTHER VERTICALS MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. US ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
17. CANADA ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
18. UK ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
19. FRANCE ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
20. GERMANY ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
21. ITALY ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
22. SPAIN ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
23. REST OF EUROPE ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
24. INDIA ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
25. CHINA ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
26. JAPAN ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
27. SOUTH KOREA ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF ASIA-PACIFIC ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF THE WORLD ELECTRONIC ACCESS CONTROL SYSTEMS MARKET SIZE, 2022-2030 ($ MILLION)
