Electronic Access Control System (EACS) Market Size, Share, COVID-19 Impact, Opportunities, And Trends By Component (Hardware, Software, Services), By Technology (Detection System, Authentication System, Perimeter Security System), By Application (Commercial, Residential, Industrial (BFSI, Healthcare, Education, Others), Homeland Security), And By Geography - Forecasts From 2022 To 2027
- Published : Nov 2022
- Report Code : KSI061610249
- Pages : 138
Electronic Access Control System (EACS) Market is projected to grow at a CAGR of 8.62% over the forecast period to reach US$34.974 billion in 2027 from US$19.603 billion in 2020.
An Electronic Access Control System (EACS) is a method of utilizing electromechanical hardware in order to permit restricted access to private premises. An EAC system provides benefits like convenience, high accuracy, and efficiency of time. An Electronic access control system consists of authentication systems, intruder alarms, and perimeter security systems. EACS has been employed across various fields, from defence to commercial sectors. An electronic access control system is required due to the advantages it offers, like preventing unauthorized entry, traffic monitoring, and internet access control, among others. The rise in security concerns as a result of rising terror activity threats, combined with increased infrastructure investment, are some of the key factors driving the market growth. Falling prices for different EACS solutions as a result of technical advancement, as well as high demand from the government and commercial sectors, are major factors driving the growth of this market throughout the forecast period.
By Technology
The Electronic Access Control System (EACS) market is segmented by technology into detection systems, authentication systems, and perimeter security systems. The authentication system uses biometric or card-based systems to give authorized access to private premises. No one without access can enter restricted premises. Perimeter Security System consists of integrated elements and systems that protect a physical area such as a company or an airport. The perimeter security system includes tactical radars, video sensors, fences with sensors, sensor cables, microwave, infrared barriers, concertinas, etc.
By Application
By application, the electronic access control system (EACS) market is segmented as commercial, residential, industrial, and homeland security. Increasing terror threats to airports, hospitals, and other commercial buildings are growing the demand for electronic access control systems. Investment in building security combined with the strict regulatory framework is also contributing to market growth. Exponential growth is being observed in IT, banking, hospitals, and the retail sector, especially in rapidly developing countries like China and India, which is expected to create ample opportunities for EACS vendors over the next five years.
By Geography
Geographically, the Electronic Access Control System (EACS) market is classified into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The report also analyses major countries across these regions with a complete analysis and forecast along with prevailing market trends and opportunities that each of these countries presents for the manufacturers. North America held a significant amount of market share due to the increase in the number of terrorist attacks over the years. Strict security regulations are implemented by the government and huge investments in advanced security technologies while propelling the EACS market growth in this region. The Asia Pacific is expected to grow at the fastest rate owing to rising conflicts and threats of terrorism. Rapid digitization is changing the regulatory framework. The government sector is creating various opportunities in this region for EACS vendors. The rising adoption of technology and the presence of rapidly growing economies in China and India are further expected to contribute to market growth.
Market Key Developments
- In September 2022, the Release Candidate for Profile D, a draught specification that includes interfaces for access control peripherals, has been released by ONVIF, the main worldwide standardization project for IP-based physical security devices. This new profile candidate is intended to offer ONVIF compatibility for peripheral devices such as PIN pads, locks, sensors like biometrics, and others.
- In 2021, Paxton Access introduced the Paxton 10, an EAC system. By combining Paxton10 door readers, controllers, and cameras, Paxton10 may integrate and manage up to 1,000 cameras and 1,000 doors on a single system. Paxton offers a variety of camera choices and can integrate third-party IP cameras.
- In January 2020, Allegion and CBORD announced a new integration that strengthens perimeter security across colleges and universities in the U.S. Allegion's Von Duprin Remote Undogging and Remote Monitoring options extends the impact of CBORD's card software system for greater control of secondary doors over perimeter access
Product Offerings
Honeywell International Inc. produces the WIN-PAK CS 4.7 electronic access system, which goes beyond the essentials of the door, card holder, and schedule management. It displays the user's current location as well as information about missing cards. The installer can service many accounts from their in-house system using WIN-PAK CS.
Johnson Controls provides electronic access control systems provides a centralized security system, manages every access point in a building, and creates relevant data to provide business analytics and insights. It has automated software backups and upgrades along with reports that can be customized.
Electronic Access Control System (EACS) Market Scope:
Report Metric | Details |
Market Size Value in 2020 | US$19.603 billion |
Market Size Value in 2027 | US$34.974 billion |
Growth Rate | CAGR of 8.62% from 2020 to 2027 |
Base Year | 2020 |
Forecast Period | 2022–2027 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Component, Technology, Application, And Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Honeywell International Inc., Bosch Sicherheitssysteme GmbH, ASSA ABLOY, Siemens, Johnson Controls, Schneider Electric, NEC Corporation, GALLAGHER GROUP LIMITED, TELECO, Inc., STANLEY Security |
Customization Scope | Free report customization with purchase |
SEGMENTATION
- By Component
- Hardware
- Software
- Services
- By Technology
- Detection System
- Authentication System
- Perimeter Security System
- By Application
- Commercial
- Residential
- Industrial
- BFSI
- Healthcare
- Education
- Others
- Homeland Security
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Indonesia
- Thailand
- Taiwan
- Others
- North America
Frequently Asked Questions (FAQs)
1. INTRODUCTION
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEM MARKET, BY COMPONENT
5.1. Introduction
5.2. Hardware
5.3. Software
5.4. Services
6. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEM MARKET, BY TECHNOLOGY
6.1. Introduction
6.2. Detection System
6.3. Authentication System
6.4. Perimeter Security System
7. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEM MARKET, BY APPLICATION
7.1. Introduction
7.2. Commercial
7.3. Residential
7.4. Industrial
7.4.1. BFSI
7.4.2. Healthcare
7.4.3. Education
7.4.4. Others
7.5. Homeland Security
8. GLOBAL ELECTRONIC ACCESS CONTROL SYSTEM MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. United Kingdom
8.4.4. Spain
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. United Arab Emirates
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. South Korea
8.6.4. India
8.6.5. Indonesia
8.6.6. Thailand
8.6.7. Taiwan
8.6.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Honeywell International Inc.
10.2. Bosch Sicherheitssysteme GmbH
10.3. ASSA ABLOY
10.4. Siemens
10.5. Johnson Controls
10.6. Schneider Electric
10.7. NEC Corporation
10.8. GALLAGHER GROUP LIMITED
10.9. TELECO, Inc.
10.10. STANLEY Security
Honeywell International Inc.
Bosch Sicherheitssysteme GmbH
ASSA ABLOY
Siemens
Johnson Controls
Schneider Electric
NEC Corporation
GALLAGHER GROUP LIMITED
STANLEY Security
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