Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Forecast: Electronic Access Control Systems Market to Reach US$ 32.5 Billion by 2033

editor by editor
April 17, 2024
in Market Research
Reading Time: 5 mins read
0
Electronic Access Control Systems
Share on FacebookShare on TwitterShare on Linkedin

The global electronic access control system value surpassed US$11bn in 2020 at a CAGR of 7.5% during the historical period of 2016 and 2020. The global electronic access control system market is expanding at a steady pace, exhibiting growth at 8.3% CAGR between 2021 and 2031. As per Fact.MR Analysis, the market is expected to reach valuation of US$21.2 bn by the end of 2031.

Electronic access system demand will consistently rise in India, Israel, and the U.S. owing to their high defense spending. The market includes peripheral security systems, intruder alerts, and verification systems. These systems suffered an all-time low demand in Q2 and Q3 of 2020 due to COVID-19.

RELATED POSTS

Regional Trends Driving Growth in the Electric Lunch Box Market

Electric Vehicle Motor Market: A Key Driver of the Global Clean Mobility Revolution

Nonetheless, sales of electronic access control systems are expected to recover owing to technical advancements and revival of projects across numerous fields ranging from commercial to defense.

Rise in security concerns and increasing security budget allocation across the globe are expected to create lucrative opportunities for electronic access control system sales. The demand for biometrics technology is rising in popularity as it delivers effective identification, authentic processes, advance security of information systems, and recondition control access to electronic resources.

The surging demand for integrated solution that offer immediate onsite response with alarm systems and electronic security will further encourage electronic access control system demand.

“Key players are focusing on delivering technologically advanced and innovative systems in response to increasing safety regulations. As a result focus on product launches is expected to increase in the coming years,” says a Fact.MR analyst.

Key Takeaways from Electronic Access Control System Market Study

· Demand in the healthcare industry is expected to rise at more than 5% CAGR during the forecast period as demand for secure boundaries is rising in hospitals and healthcare centers.

· Asia Pacific emerge as the fastest growing market, driven by surging demand from India and China.

· The U.S. is among the key markets fir electronic access control systems, forecast to exhibit a CAGR 6% over the forecast period.

· China accounted for over 35% sales of electronic access control systems in Asia and is forecast to remain a leading market through the assessment period.

· Biometrics will remain highly sought-after among technologies available.

Competitive Landscape       

The key electronic access control system market players are focusing on expanding manufacturing capacity and increasing product launches. Companies are also adopting other strategies such as strategic alliances, partnerships, and collaborations to strengthen global and regional distribution.

Recent Developments:

· Panasonic in January 2020, developed multifunctional secure IC to protect critical data for industrial IoT devices. The company also announced delivering its wireless interface equipped with NFC.

· In 2020, Honeywell launched WIN-PAK 4.8, a software that delivers a cost efficient way to handle and integrate access control, video surveillance, and intrusion detection through single interface.

· Senseon, a security solution brand for cabinets and drawers, recently announced its Senseon Core and Senseon Plus systems to protect sliding cabinets and doors. Senseon 5EL electronic lock can integrate with EAC systems and create comprehensive security solution.

· Paxton Access, launched Paxton10 platform that is capable of managing and integrating 1000 doors and cameras on a single system by adding Paxton10 cameras, door controllers, and readers (Bluetooth mobile or keypad). This will pave way for new opportunities for EAC systems.

Some of the key players profiled by Fact.MR operating in the global electronic access control system market include:

· Siemens AG

· Cisco Systems, Inc.

· Robert Bosch GmbH

· Honeywell International Inc.

· Schneider Electric SE

· Panasonic Corporation

· Johnson Controls International plc

· Fujitsu Limited

· ASSA ABLOY AB

· Ingersoll-Rand Plc.

More Insights on the Electronic Access Control System Market

In the latest study, Fact.MR offer an exhaustive analysis on electronic access control system market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of

Technology

· Biometrics Electronic Access Control Systems

· Card-based Electronic Access Control Systems

· Keypad Electronic Access Control Systems

· Intruder Alarm Electronic Access Control Systems

· Perimeter Security Electronic Access Control Systems

End User

· Electronic Access Control Systems for Government & Defense

· Electronic Access Control Systems for Commercial & Institutional Use

· Industrial Electronic Access Control Systems

· Residential Electronic Access Control Systems

Key Questions Covered in the Report

· The report offers insight into electronic access control system demand outlook for 2021-2031

· The market study also highlights projected electronic access control system sales growth between 2021 and 2031

· Electronic access control system market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

· Electronic access control system share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Tags: Control SystemElectronic SystemHealthcareInformation SystemSecurity
ShareTweetShare
editor

editor

Related Posts

electric lunch box market

Regional Trends Driving Growth in the Electric Lunch Box Market

by Palak
August 7, 2025
0

In a world increasingly driven by convenience, sustainability, and mobility, the Electric Lunch Box Market has emerged as a practical...

Electric Vehicle

Electric Vehicle Motor Market: A Key Driver of the Global Clean Mobility Revolution

by Palak
July 28, 2025
0

The transition to sustainable mobility is being powered by more than just batteries and charging infrastructure. At the heart of...

Battery Production Machine Market

Regional Insights on the Expanding Battery Production Machine Market

by Palak
July 17, 2025
0

As the global demand for electric vehicles (EVs), consumer electronics, and renewable energy storage surges, the Battery Production Machine Market is experiencing...

Solar-Powered Cold Storage Market

Solar-Powered Cold Storage Market to Reach USD 355.74 Billion by 2034, Growing at 10.9% CAGR

by Palak
July 16, 2025
0

With rising concerns over food waste, energy costs, and climate change, solar-powered cold storage is emerging as a transformative solution....

Smart Homes

The Future of Smart Homes: Voice Tech, IoT, and Emerging Innovations

by Palak
July 10, 2025
0

Smart homes have swiftly evolved from luxury novelties into everyday essentials. What started with simple automated lighting has now grown...

Next Post
Recurrent Energy

Recurrent Energy secures financing for Jaiba III solar project in Brazil

UK Green Hydrogen Project

RWE, Haltermann Carless to Partner on UK Green Hydrogen Project

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Mr.Maharana Ray

OPG Mobility Appoints Maharana Ray as President & Chief Growth Officer to Drive Strategic Expansion

August 8, 2025
KPI Green

KPI Green Bags Solar BoS Order from ABRL

August 8, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

OPG Mobility Appoints Maharana Ray as President & Chief Growth Officer to Drive Strategic Expansion

KPI Green Bags Solar BoS Order from ABRL

Hindustan Power Signs PPA with UPPCL for 435 MW DC Solar Project

Energy Vault to Deliver Battery Energy Storage Systems for Projects in Michigan

Italy Launches €15.9 Million Tender to Boost Solar Energy Deployment

EIFO Commits £500 Million Financing for UK Offshore Wind Project

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved