Electronic Access Control System Market

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Membrane Separation
Market
Report Id : PMRREP2888
Category : Consumer Goods
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Market Overview
 Electronic Access Control (EAC) system is a method of using electromechanical
hardware in order to permit restricted access into private premises. Rising
terror attacks and crimes are demanding security at high-end. EAC system
proffers some benefits viz. convenience, high accuracy, and efficiency of time
over all other products of security that escalates its attraction in the global
market of security.
 Globally, governments as well as private sector organizations are investing a
lot in providing better facilities of infrastructure. In 2013, the global electronic
access control systems market registered revenues worth US$15.4 billion,
which are anticipated to raise up to US$31.2 billion by the end of 2020. Over
the forecast period 2014-2019, the global market for electronic access control
systems will expand at a healthy CAGR of 12.60%.
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Key Market Dynamics
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 In the past five years, the global market for electronic access control
systems has grown efficiently owing to growing concerns of thefts, break-ins,
and white-collar crimes, as a result driving the market demand from both
commercial and residential bodies for advanced security systems. Also, the
global market for electronic access control systems is boosted by the
convenience provided by these kind of systems.
 The growing circumstances of vandalism, and public place violence and
terrorist attacks in city centers and in various educational institutions are
among the key factors augmenting the global market for electronic access
control systems. Moreover, the road constructions, centers of healthcare,
educational buildings and residential buildings are is projected to increase in
the years to come which in turn will definitely raise the market demand for
electronic access control systems in order to attain enhanced level of security.
 Lack of interoperability among these EAC systems with the existing systems is
hampering the market growth. In addition, growing upfront cost along with
expanding of alternate technologies viz. NFCs and biometric control access are
hindering the growth of the global electronic access control systems market.

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Segment Analysis
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 The global market for electronic access control systems is categorized into
process type and end user type. Based on process type, the segmentation is
done into authentication system, intruder alarm systems and perimeter
security system. Among these, the segment of authentication system is
segmented into biometric authentication system and card based
authentication system.
 The segment of biometric systems comprises of fingerprint recognition, iris
recognition, signature recognition, automated fingerprint identification
system, face recognition, palm recognition, vein recognition, and voice
recognition while the segment of card-based systems comprises of proximity
card and smart card.
 The segment of perimeter security system comprises of free standing intruder
alarm system and perimeter security system and buried perimeter security
system. Moreover, based on end-user type, the global electronic access
control systems is classified into commercial, residential, government, and
industrial.

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Key Market Players
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 Bosch Security Systems
 Honeywell International Inc
 Cisco Systems
 Tyco International Ltd
 Siemens AG
 Magal Security Systems Ltd
 Godrej Consumer Product Limited
 Johnson Controls
 Hitachi, United Technologies Corporation

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