Global Electronic Access Control Systems market was valued US$ 16.3 Bn in 2017 and is expected to reach US$ 25.72 Bn by 2026, at a CAGR of 5.2% during a forecast period.
Global Electronic Access Control Systems Market, by RegionElectronic access control systems that offer smart ways to manage access for industrial and commercial facilities. These solutions integrate a range of electronic access control locks, devices and systems with management tools to help your control who has access to your offices, operations and facilities.
Based on Process system, Security concerns to prompt governments, corporate, financial institutes, and residential buildings to install better security systems. EAC systems are the leading segments in the overall security market. EAC system refers to a method of using electromechanical or electronic hardware to allow restricted access into premises.
Based on application, private and Governments sector across the globe are investing in better infrastructure facilities. Construction of residential buildings, roads, healthcare centers and educational institutes are further expected to increase demand for Electronic Access Control systems market in order to attain better security levels.
Rising vandalism, terrorist attacks, and violence in public places such as city centers and educational institution are some of the factors leading to increasing demand for EAC system products. Need for better security systems to illegal immigration, tackle fraudulence, and criminal activities have propelled governments to invest in EAC systems.
According to Study of Responses to Terrorism (START) and Terrorism, one of the world’s top terrorism trackers, 2012 witnessed 69% rise in terror attacks and 89% increase in fatalities caused by them over 2011. Thus increasing terror and crime attacks demand high-end security. Electronic Access Control systems offer certain advantages such as high convenience, accuracy, and time efficiency over other security products, which increase its attractiveness in the global security market.
While Lack of awareness about technological advancement and weaker economy, High upfront cost and lack of proper infrastructure acts as restraint for the Electronic Access Control systems market. Also demand for biometrics enabled smart phones that increase many Opportunities in coming future.
Geographically, The North America market is expected to be leading contributor to the global Electronic Access Control Systems market. And further market is followed by APAC and Europe. The growth in the market is attributed to the heightened security needs, government mandates, advancement of technologies, and insurance regulations.
Key players operating in the global Electronic Access Control Systems market are Future Fibre Technology, Assa Abloy AB, Honeywell International Inc., Schneider Electric, Siemens Building Technologies, Tyco International, Bosch Security Systems, Cisco Systems, NEC Corporation, Godrej Consumer Product Limited, Magal Security Systems Ltd., Johnson Controls, Hitachi, United Technologies Corporation, Panasonic Corporation, Aiphone Co. Ltd., Bio-Key International Inc., Linear LLC, NEC Corporation, Chubb Securities S.A.
The Scope of Global Electronic Access Control Systems Market:
Global Electronic Access Control Systems Market, by Process:
• Authentication system
o Biometric system
Automated Fingerprint Identification System /Live Scan
o Card based authentication system
• Intruder alarm system
• Perimeter security system
o Free standing perimeter security
o Buried perimeter security
Global Electronic Access Control Systems Market, by End-User:
• Flash Government
Global Electronic Access Control Systems Market, by Region:
• North America
• Middle East & Africa
• Asia Pacific
• Latin America
Key Players Operating In Global Electronic Access Control Systems Market:
• Future Fibre Technology
• Assa Abloy AB
• Honeywell International Inc.
• Schneider Electric
• Siemens Building Technologies
• Tyco International
• Bosch Security Systems
• Cisco Systems
• NEC Corporation
• Godrej Consumer Product Limited
• Magal Security Systems Ltd.
• Johnson Controls
• United Technologies Corporation
• Panasonic Corporation
• Aiphone Co. Ltd.
• Bio-Key International Inc.
• Linear LLC
• NEC Corporation
• Chubb Securities S.A.
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