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:  Oct 2022 Report Code: KSI061610249 Pages: 123

The 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 which 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 

Frequently Asked Questions (FAQs)

Q1. What will be the electronic access control system (EACS) market size by 2027?
A1. The global electronic access control system market is projected to reach a market size of US$34.974 billion by 2027.


Q2. What is the size of the global electronic access control system (EACS) market?
A2. Electronic Access Control System (EACS) Market was valued at US$19.603 billion in 2020.


Q3. What are the growth prospects for the electronic access control system market?
A3. The electronic access control system market is projected to grow at a CAGR of 8.62% during the forecast period.


Q4. What factors are anticipated to drive the electronic access control system market?
A4. The rise in security concerns due to rising terror activities and threats coupled with increasing investment in infrastructure is some of the key factors driving the EACS market growth.


Q5. Which region holds the largest share of the electronic access control system market?
A5. North America held a significant share of the electronic access control system market.


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

TELECO, Inc.

STANLEY Security

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