The Electronic Access Control Systems Market was valued at US$ 33.52 Billion. in 2022. The Global Electronic Access Control Systems Market size is estimated to grow at a CAGR of 11.21 % over the forecast period.

Electronic Access Control EAC Systems Market Overview:

Electronic access control systems are digital networks that control who can go through security gates. A security portal is a point where someone can enter or leave a security perimeter. Most electronic systems for controlling access also have a burglar alarm built in. Users can get to different parts or just pick a few with the help of EAC systems. They can keep track of who comes and who gets in. They can find people in buildings as a safety measure and in case of an emergency. Most EAC systems are pretty flexible, and new technologies are only making them more so.

Market Dynamics

Drivers:

Development in technology:

The market is growing because more people are using access control systems, technology is getting better, and there are more wireless security systems. The market is growing because of the use of cloud computing platforms and security solutions based on the Internet of Things (IoT). Also, it is expected that the access control market will grow in the near future because of the growth of cities and the need for wireless and IoT-based security systems in a variety of settings.

Electronic access control systems are different from other security measures because you only need a small amount of physical access to get through them. They can also be run by a single person or a staff team, are very sensitive, and have undergone major improvements.

Rising demand in different sector:

As more people use electromagnetic locks and electric strikes, the market for electronic access control systems is likely to grow in the coming years. Electronic access control systems are expected to become more popular in schools, hospitals, and residential buildings in the coming years because they are more accurate, faster, and easier to use than other security technologies. The market for electronic access control systems will grow because these systems are being used in more places, such as the commercial and defence sectors, and because there is a growing need to restrict access to certain places.

 Increasing security concern:

The rising incidences of vandalism, violence in public places, and terrorist attacks in metropolitan areas and at various educational institutions are some of the major factors driving the global market for electronic access control systems.

Restrain:

A lack of understanding, high upfront costs, and a poor infrastructure limit the market for electronic access control systems. Costly installation expenses impede adoption. Many developing economies have expanding markets, but because of the high installation costs, only some sectors can access them.

Opportunities:

• Data centres and service providers are constantly at risk from data theft and the safe transfer of unlawful data to unidentified locations. Manufacturers are utilising this threat to develop sophisticated access control systems with multiple layers of security, protecting data-based organisations from looming threats.
• As global smart city initiatives are implemented and housing standards improve, new prospects in the market for electronic access control systems are provided to market participants.

Challenges:

There are some flaws in these technological systems. Manufacturers have to work hard to make systems that are safer from intrusion because both home and business systems can be hacked from a distance.

COVID - 19 Impact on Electronic Access Control Systems Market

Because of the Covid-19 pandemic, every business plan has changed. During the epidemic, the US government said that people in charge of access control and security were an important part of the workforce needed to lessen the effects of the virus. A lot of work has been done in this field to find new ways to stop the spread of the virus. Even though frictionless access control was already available before the pandemic, the pandemic has made more people want it. After COVID-19, more prototypes are hitting the market that don't need a traditional card reader. For hands-free access control, they use software that can check the location of the mobile device to see if the person is close to the entrance.

Electronic Access Control Systems Market Segment Analysis:

Based on the type of process, Authentication Systems is leading the market and has the highest CAGR over the next few years. Biometrics is expected to make a big difference in the authentication systems market segment. This has to do with the fact that smart phone sensors are getting better and better. This technology makes it easier to identify people, improves the security of information systems, and restores physical control access. Because of this, the market for authentication systems is expected to grow quickly over the next few years because security budgets are getting bigger and people are becoming more worried about security.

By End-User, the Government segment is leading the market with the highest CAGR over the next five years. Governments all over the world are investing in Electronic Access Control Systems because they need better security measures because fraud, illegal immigration, and other criminal activities are on the rise. This is helping the market grow over the next few years.

Electronic Access Control Systems Market Regional Insights:

In 2021, the Asia-Pacific region had the largest share of the market. Over the next 10 years, the Asia-Pacific region is expected to grow by a lot, at a CAGR of 10%. During the predicted time frame, the APAC region is expected to grow at a high CAGR. The APAC region has grown because it has become more acceptable for different companies to set up their production facilities there. As more local and IT businesses, including start-ups, open up, there will likely be a greater need to protect assets. In many countries, such as China, Japan, and India, residential real estate is going through a big change. The building also has advanced levels of biometric access control, which makes theft and vandalism less likely.

Several governments are putting a lot of attention on urbanisation by starting projects to build "smart cities" and improve infrastructure. Developing countries like China and India are building a lot more homes because their populations are getting bigger and more people are moving to cities.

The United States is one of the most important countries in the world when it comes to Electronic Access Control Systems because it is one of the most developed countries. Demand for electronic access control systems is expected to grow in the long term due to new products coming out quickly in the United States and a number of government programmes. Also, the busy lives of Americans and the need for high levels of security in both public and private spaces have helped companies that make electronic access control systems grow in a way that is good for business.

Scope Analysis

Competitive Analysis

The market for electronic access control systems is moderately competitive on a global scale, with many companies competing for market dominance. In the last few years, competitors in the market for electronic access control systems have used a number of ways to grow, such as mergers, partnerships, and acquisitions.

Sustainability is also being used by manufacturers as a way to grow their market share. As more people choose businesses with a "green" label or that do good things for the community, marketing strategies and brand habits are likely to shift in favour of eco-friendly goods, which will increase sales.

There are a few big players in the market Bosch Security Systems, Siemens Building Technologies, Honeywell International Inc., Johnson Controls, Schneider Electric, Assa Abloy AB, Magal Security Systems Ltd, Future Fibre Technology, NEC Corporation., Godrej Consumer Product Limited., Cisco Systems, Inc., Hitachi, Ltd., Tyco International Ltd., United Technologies Corporation., Dormakaba Holding, Allegion plc, Identiv Inc., Nedap N.V., Suprema HQ

Recent Development

• In April 2022, Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, announced today that it acquired Security Enhancement Systems LLC (SES), a provider of mobile-based, keyless access control solutions used in critical infrastructure, including telecommunication towers for major providers.
• In October 2022, ASSA ABLOY has acquired Bird Home Automation GmbH (“DoorBird”), a German manufacturer of high-quality IP door intercom for single and multi-family buildings, for indoor station or smartphone control, marketed under the trademark DoorBird.
• In July 2022, Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has, through its subsidiaries, completed the previously announced acquisition of Stanley Access Technologies LLC (“Access Technologies”) and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. (NYSE: SWK) for $900 million in cash.

The Global Electronic Access Control EAC Systems Market has been segmented into:

By Product Type

• Authentication Systems
• Intruder Alarm Systems
• Perimeter Security Systems

By Application

• Employee Onboarding & Offboarding
• Threat Management
• Parking Management
• Guard Management
• Visitor Management
• Others

By End-user

• Government & Defense
• Commercial & Institutions
• Industrial
• Residential

By Companies

• 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.