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Published Date: 2014-06-27Number of Pages: 102

Electronic Access Control Systems Market Global Forecast, Market Share, Size, Growth and Industry Analysis, 2014 - 2019

Security is one of the major concerns of governments and individuals. Security concerns prompt governments, financial institutes, corporate and residential buildings to install better security systems. EAC systems are among the leading segments in the overall security market. EAC system refers to a method of using electronic or electromechanical hardware to allow restricted access into premises. Rising terrorist attacks, vandalism, and violence in public places such as city centers and educational institution are some of the factors leading to increasing demand for EAC system products. Need for better security systems to tackle fraudulence, illegal immigration, and criminal activities have propelled governments to invest in EAC systems. According to Study of Terrorism and Responses to Terrorism (START), one of the world’s top terrorism trackers, 2012 witnessed 69% rise in terror attacks and 89% increase in fatalities caused by them over 2011. Increasing crime and terror attacks demand high-end security. EAC systems offer certain advantages such as high accuracy, convenience, and time efficiency over other security products, which increase its attractiveness in the global security market. Governments and private sectors across the globe are investing in better infrastructure facilities. 

 

Construction of roads, residential buildings, healthcare centers and educational institutes is further expected to increase demand for EAC systems in order to attain better security levels. Local and national government have instructed the private sectors to invest on security system for the prevention of population and property from illegal acts. Advancement of mobile devices and sensor technologies is currently generating a shift toward biometrics system. 

 

EAC system is majorly divided into three major technologies, authentication system (biometric and card based authentication system), intruder alarm system and perimeter security system (free standing and buried perimeter security system). The global market for EAC system in value term grew from USD 10.1 billion in 2009 to USD 15.4 billion in 2013, and is expected to grow to USD 31.2 billion in 2019 growing at a CAGR of 12.6%. The Authentication system (largest market in 2013) increased by 13.1% CAGR during 2009-2013 to reach USD 11.7 billion in 2013. The Asia-Pacific EAC systems market expected to record the highest CAGR growth of 16.7% to reach USD 9.6 billion in 2019. Usage of EAC system in commercial sector (largest end-user in 2013) increased by 13.9% CAGR during 2009-2013 to reach USD 4.6 billion in 2013.

 

The security system market is fragmented with several players operating at a global or regional level, supplying security products which include EAC systems. Major companies operating globally and providing products under all three categories of EAC systems are United Technologies Corporation, Tyco International Ltd., Godrej Industries Limited, and Cisco Systems, Inc. There are companies which operate globally and provide products under two categories of EAC systems. Major examples of such companies are Safran SA (authentication and intruder alarm system), 3M Cogent, Inc. (authentication and perimeter security system), Panasonic Corporation (intruder alarm and perimeter security), and Honeywell International Inc. (authentication and intruder alarm). Some companies operate on the global level and provide only one EAC system product. Major examples of such companies are Siemens AG (authentication system), Hitachi Ltd. (intruder alarm), and Magal Security Systems Ltd. (perimeter security system). Additionally, there are companies which operate in one region and specialize in one EAC system product such as DigitalPersona, Inc. (authentication system) and Everspring Industry Co., Ltd. (intruder alarm system).

 

 

Security is one of the major concerns of governments and individuals. Security concerns prompt governments, financial institutes, corporate and residential buildings to install better security systems. Electronic Access Control systems market is among the leading segments in the overall security market. Electronic Access Control system refers to a method of using electronic or electromechanical hardware to allow restricted access into premises. Rising terrorist attacks, vandalism, and violence in public places such as city centers and educational institutions are some of the factors leading to increasing demand for Electronic Access Control systems market. 

 

Need for better security systems to tackle fraudulence, illegal immigration, and criminal activities have propelled governments to invest in Electronic Access Control systems. According to Study of Terrorism and Responses to Terrorism (START), one of the world’s top terrorism trackers, 2012 witnessed 69% rise in terror attacks and 89% increase in fatalities caused by them over 2011. Increasing crime and terror attacks demand high-end security. Electronic Access Control systems offer certain advantages such as high accuracy, convenience, and time efficiency over other security products, which increase its attractiveness in the global security market. 

 

Governments and private sector across the globe are investing in better infrastructure facilities. Construction of roads, residential buildings, healthcare centers and educational institutes are further expected to increase demand for Electronic Access Control systems market in order to attain better security levels.

 

The report covers in-depth Electronic Access Control systems market analysis, by process segment (authentication system (biometric and card based authentication system), intruder alarm system and perimeter security system (free standing, buried cable and fence mounted security system)) and end-user segment (government, commercial, industrial and residential) for the period from 2009 to 2019. In addition, the current Electronic Access Control systems market dynamics including the drivers, restraints, opportunities and recent developments have been captured throughout the report. Electronic Access Control systems market for each of the three regions, North America, Europe and Asia-Pacific includes historical and forecasted market sizes (2009-2019), in terms of value (USD million). 

 

The Competitive Landscape section of the Electronic Access Control systems market report plots different companies on their geographical presence and their presence in the number of product segments. Some of the major players in the Electronic Access Control systems market are Siemens AG, Hitachi, Ltd., United Technologies Corporation, Tyco International Ltd., Panasonic Corporation, Magal Security Systems Ltd., Honeywell International Inc., Godrej Industries Limited, Cisco Systems, Inc. and Bosch Security Systems. The company profiles include attributes such as company overview, product and segments, financial performance, and strategic developments. 


 
 
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