Global Electronic Access Control Systems Market is expected to reach USD 35.51 billion in 2023, growing at a CAGR of slightly above 9.6% between 2018 and 2023.
The report covers forecast and analysis for the electronic access control systems market on a global and regional level. The study provides historic data of 2015 -2017 along with a forecast from 2018 to 2023 based on revenue (USD Billion). The study includes drivers and restraints for the electronic access control systems market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the electronic access control systems market on a global level.
This report offers comprehensive coverage of the global electronic access control systems market along with, market trends, drivers, and restraints of the electronic access control systems market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the electronic access control systems market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
The study provides a decisive view on the electronic access control systems market by segmenting the market based on technology, application, and region. The technology segment includes authentication system, intruder alarm systems, and perimeter security system. The authentication system is further divided into biometric authentication system and card based authentication system. The biometric authentication system is further sub-divided into fingerprint recognition, iris recognition, signature recognition, face recognition, palm recognition, vein recognition, and voice recognition. The intruder alarm system is bifurcated into motion detector, glass break detector, and door/window sensor. The perimeter security system is divided into three type’s namely free standing intruder alarm system, fence security system, and buried perimeter security system. The application segment is furthermore divided into residential, commercial, government, and industrial. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global electronic access control systems market are Godrej Consumer Product Limited, Cisco Systems, Magal Security Systems Ltd., Bosch Security Systems, Johnson Controls, Honeywell International Inc., Tyco International Ltd., Siemens AG, NEC Corporation, and Panasonic Corporation among others.
The report segments the global electronic access control systems market as follows:
Electronic Access Control Systems Market: Technology Segment Analysis
Electronic Access Control Systems Market: Application Segment Analysis
Electronic Access Control Systems Market: Regional Segment Analysis
List of Figures
1. Market Research Process
2. Market Research Methodology
3. Electronic Access Control Systems Market, 2015 - 2023 (USD Billion)
4. Porter’s Five Forces Analysis: Electronic Access Control Systems Market
5. Electronic Access Control Systems Market Attractiveness by Technology
6. Electronic Access Control Systems Market Attractiveness by Application
7. Electronic Access Control Systems Market Attractiveness, by Region
8. Electronic Access Control Systems Market Revenue Share, by Technology, 2017 & 2023
9. Electronic Access Control Systems Market, by Authentication System, 2015 - 2023
10. Electronic Access Control Systems Market, by Intruder Alarm Systems, 2015 - 2023 (USD Billion)
11. Electronic Access Control Systems Market, by Perimeter Security System, 2015 - 2023
12. Electronic Access Control Systems Market Revenue Share, by Application, 2017 & 2023
13. Electronic Access Control Systems Market by Residential, 2015 – 2023 (USD Billion)
14. Electronic Access Control Systems Market by Commercial, 2015 – 2023 (USD Billion)
15. Electronic Access Control Systems Market by Government, 2015 – 2023 (USD Billion)
16. Electronic Access Control Systems Market by Industrial, 2015 – 2023 (USD Billion)
17. Electronic Access Control Systems Market Revenue Share, by Region, 2017 & 2023
18. North America Electronic Access Control Systems, 2015 - 2023, (USD Billion)
19. Europe Electronic Access Control Systems Market, 2015 - 2023, (USD Billion)
20. Asia Pacific Electronic Access Control Systems Market, 2015 – 2023 (USD Billion)
21. Latin America Electronic Access Control Systems Market, 2015-2023 (USD Billion)
22. The Middle East & Africa Electronic Access Control Systems Market, 2015 – 2023, (USD Billion)
List of Tables
1. Electronic Access Control Systems Market: Snapshot
2. Drivers for Electronic Access Control Systems Market: Impact Analysis
3. Restraints of Electronic Access Control Systems Market: Impact Analysis
4. North America Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
5. North America Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
6. U.S. Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
7. U.S. Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
8. Europe Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
9. Europe Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
10. UK Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
11. UK Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
12. France Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
13. France Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
14. Germany Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
15. Germany Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
16. Asia Pacific Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
17. Asia Pacific Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
18. China Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
19. China Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
20. Japan Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
21. Japan Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
22. India Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
23. India Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
24. Latin America Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
25. Latin America Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
26. Brazil Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
27. Brazil Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
28. The Middle East & Africa Electronic Access Control Systems Market Revenue, by Technology, 2015 – 2023 (USD Billion)
29. The Middle East & Africa Electronic Access Control Systems Market Revenue, by Application, 2015 – 2023 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Electronic Access Control System market. Zion Market Research has collected and analyzed key data belong to the global Electronic Access Control System market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Electronic Access Control System across the world has been calculated through primary and secondary research.
Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Electronic Access Control System industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases, and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Electronic Access Control System market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
The electronic access control system is a security solution that provides complete control over the physical security of a certain area. Generally, it consists of an electronic door lock which consists of a reader and a controller which allows us to permit restricted access to private, industrial, and government premises. In the last few years, EACs have witnessed tremendous growth due to rise in various threats to private and public properties. The day-by-day increase in thefts, crime and terror attacks are the primary reasons demanding security solutions at the high end. Electronic access control framework utilizes electronic or electromechanical systems to permit confined access to the premises. The global demand for electronic access control systems market was valued at around USD 20.49 billion in 2017 and is expected to reach approximately USD 35.51 billion in 2023, growing at a CAGR of slightly above 9% between 2018 and 2023.
The global rise in adoption of EAC systems can be attributed to the continuous rise in white collar crimes, thefts, and other threats to public and private properties. Various governments across the globe have made mandatory check-ins into their premises giving rise to the application of electronic access control systems. Whereas, lack of awareness and high installation costs are the restraining factors that are expected to hinder the growth of the electronic access control systems market within the forecast period. The emerging trend of card-based access control systems that allow access to authorized person/security code is expected to open up new avenues of opportunities for EAC systems market.
Market segmentation of electronic access control systems includes technology and application. The technology segment is divided into authentication system, intruder alarm systems, and perimeter security system. The authentication system is further divided into biometric authentication system and card based authentication system. The biometric authentication system is further bifurcated into fingerprint recognition, iris recognition, signature recognition, face recognition, palm recognition, vein recognition, and voice recognition. The intruder alarm system is bifurcated into motion detector, glass break detector, and door/window sensor. The perimeter security system is categorized into three type’s namely free standing intruder alarm system, fence security system, and buried perimeter security system. The application segment is divided into residential, commercial, government, and industrial. Regional segmentation includes North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with further country wise bifurcation into major countries such as U.S., UK, France, Germany, China, Japan, India, and Brazil.
The major players operating in the electronic access control systems market are Cisco Systems, Bosch Security Systems, Johnson Controls, Magal Security Systems Ltd., Honeywell International Inc., Tyco International Ltd., Siemens AG, NEC Corporation, Godrej Consumer Product Limited, and Panasonic Corporation, among others.
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