Global Access Control Hardware Market Size, Share & Industry Trends Analysis Report By Application (Card-based Readers, Biometric Readers, Multi-technology Readers, Electronic Locks, Access Controllers), By Vertical, By Regional Outlook and Forecast, 202

Global Access Control Hardware Market Size, Share & Industry Trends Analysis Report By Application (Card-based Readers, Biometric Readers, Multi-technology Readers, Electronic Locks, Access Controllers), By Vertical, By Regional Outlook and Forecast, 2023 - 2030

The Global Access Control Hardware Market size is expected to reach $7.6 billion by 2030, rising at a market growth of 6.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 61,922.7 Units experiencing a growth of 5.5% (2019-2022).

The rise of IoT (Internet of Things) and smart building technologies has propelled the access controllers segment forward. Hence, the access controllers segment would acquire around 10% share in the market by 2030. These controllers often leverage cloud-based or networked solutions, enabling remote management and real-time monitoring. This connectivity enhances security and provides operational efficiency benefits, allowing organizations to streamline access control processes and respond promptly to security incidents or access requests. All these benefits will boost the segment's demand for access control hardware.

The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, in March 2023, Siemens Smart Infrastructure, a part of Siemens AG unveiled a Connect Box, an open and easy-to-use IOT solution designed to manage small and medium-sized buildings. The launched Connect Box would be a user-friendly approach for monitoring building performance, with the potential to optimize energy efficiency by up to 30 percent. Additionally, In September, 2023, Southco, Inc. launched the Keypanion app, to provide an easy way for anyone to step into the next generation of electronic access.

Based on the Analysis presented in the KBV Cardinal matrix; Cisco Systems, Inc. is the major forerunner in Market. In June, 2022, Cisco Systems Inc. launched Cisco Security Cloud, a global, cloud-delivered, integrated platform that secures and connects organizations of any shape and size. The launched product would be created to protect the integrity of the entire IT ecosystem without public cloud lock-in. Companies such as Honeywell International, Inc., Siemens AG, Schneider Electric SE are some of the key innovators in the Market.

Market Growth Factors

Increasing Awareness of Security Threats Across Various Sectors

In the commercial sector, businesses of all sizes recognize the importance of safeguarding their premises, data, and assets. With a growing concern for physical security and data protection, access control hardware offers a reliable means of restricting unauthorized entry, preventing theft, and checking that only authorized personnel can access sensitive areas. This heightened awareness has led commercial enterprises to invest in access control solutions that provide tailored access rights for employees, contractors, and visitors. Likewise, in the industrial sector, access control hardware is crucial for maintaining safety and security within manufacturing facilities, warehouses, and critical infrastructure sites. By implementing access control systems, industrial organizations can mitigate security risks, monitor employee movements, and respond swiftly to any security breaches or incidents. This sector's need for comprehensive security measures has driven substantial investments in access control technology.

Integration Of Advanced Technology for Enhancing Reporting and Analytics Capabilities

Advanced analytics can detect unusual or suspicious access events and trigger immediate alerts. This approach to security can help prevent breaches or mitigate their impact. Access control analytics can also contribute to resource optimization. By analyzing access data, organizations can identify areas with low traffic or unnecessary access restrictions, allowing them to streamline security protocols and allocate resources more efficiently. For example, during periods of low activity, security staff can be redeployed to areas with higher security needs. In addition, access control systems with robust reporting capabilities can generate comprehensive audit trails, documenting every access event, including who gained access, when, and where. These audit trails let firms prove security compliance. They provide a transparent record of security-related activities that can be easily reviewed during audits. Likewise, many modern access control systems allow for customizable reporting. Organizations can tailor reports to meet their specific needs and objectives. Whether it's generating reports for management, security teams, or compliance officers, customizable reporting ensures that the data presented is relevant and actionable.

Market Restraining Factors

Higher Costs Associated with Installation and Implementation

The purchase of access control hardware itself, including electronic locks, access control panels, biometric readers, and card readers, can be expensive. The price varies depending on the sophistication and features of the hardware. Installing access control systems often requires skilled technicians or professionals, which adds to the overall cost, which includes wiring, mounting hardware, and configuring the system to meet the facility's specific needs. Many organizations already have security systems, such as video surveillance, alarm systems, and intrusion detection. Integrating new access control hardware with these existing systems can be complex and costly. Assessing the compatibility of the new access control hardware with existing systems is critical. Different vendors may use proprietary protocols or technologies that may not easily integrate. Compatibility issues can lead to increased costs and complexity.

Application Outlook

By application, the market is segmented into electronic locks, card-based readers, biometric readers, multi-technology readers, access controllers, and others. The electronic locks segment procured a substantial revenue share in the market in 2022. Touchless or contactless access solutions from electronic locks have helped reduce physical contact and avoid transmitting infections like COVID-19 during the global health crisis. Additionally, the ability to integrate electronic locks into broader access control systems, including video surveillance and alarm systems, further enhances their appeal for commercial and industrial users. As a result, the demand in the segment will rise in the coming years.

Vertical Outlook

Based on vertical, the market is divided into defense & aerospace, manufacturing, healthcare & life sciences, transportation & logistics, government & defense, IT & telecom, BFSI, and others. In 2022, the IT and telecom segment acquired a significant revenue share in the market. The rise of remote work and the need for secure access to corporate networks have driven demand for advanced access control solutions. IT and telecom companies require robust authentication methods and access policies to check that only authorized personnel can access sensitive data and systems remotely. This has led to the adoption of cutting-edge access control technologies, including multi-factor authentication (MFA) and cloud-based access control systems. Therefore, the demand in this segment is expected to grow in the future.

Regional Outlook

On the basis of region, the market is divided into North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed the highest revenue share in the market in 2022. This dominant position can be attributed to several key factors. The U.S. possesses a mature and technology-driven economy, fostering a conducive environment for adopting advanced access control solutions. Moreover, the nation's heightened focus on security across various commercial, industrial, and residential sectors amplifies the demand for robust access control systems. The U.S. also boasts a robust ecosystem of technology providers, research institutions, and regulatory bodies, fostering innovation and compliance with evolving security standards. As a result, there will be a rising demand in the North America segment in the coming years.

Recent Strategies deployed in Access Control Hardware Market

Partnerships, Collaborations & Agreements:

Sep-2023: Suprema America extended its partnership with BioConnect, a company that provides biometric access control solutions. Through this partnership, Suprema aims to offer an exceptional customer and integrated solution experience.

Jan-2023: Johnson Controls teamed up with Alcatraz AI, a US-based developer of facial authentication platform. The collaboration focuses on frictionless access control solutions. The frictionless access control solution is developed by integrating Johnson's C•CURE 9000 security and event management system with Alcatraz AI's Rock. The new solution provides the ease of frictionless access and the assurance of AI-enabled access control.

Aug-2021: Bosch Security Systems GmbH entered into Partnership with IDEMIA France SAS, a leader in Augmented Identity. Through this partnership, Bosch aimed to integrate their biometric devices with Idemia BIS platform to provide a high level of security and user convenience for companies.

Apr-2021: Johnson International plc formed a partnership with Pelion IOT Limited, a connected IoT Device Service provider. With the help of this partnership Johnson aimed to fasten innovation in connectivity, security, and intelligence at the edge for Johnson Controls OpenBlue technology.

Mergers & Acquisition:

Jul-2023: Johnson Controls International Plc took over FM:Systems Group, LLC, a leading digital workplace management and IoT solutions provider for facilities and real estate professionals. Through this acquisition Johnson aims to integrate their building asset solution with FM:Systems predictive workplace management platform to strengthen its leadership in the fast-growing segment for autonomous and digitally enabled buildings.

May-2022: Southco, Inc. took over Darshana Industries Pvt. Ltd, a leader in the design and manufacture of access hardware and mechanical components in India. Through this acquisition, Southco aimed to expand its reach in the global market.

Apr-2022: Johnson International Plc took over Security Enhancement Systems LLC, a provider of mobile-based, Keyless access control solutions provider. Through this acquisition, both companies would aim to deliver a wide range of cost-effective and budget-friendly better security security and productivity solutions.

Oct-2021: Siemens Smart Infrastructure, a division of Siemens AG acquired Wattsense, a French software company startup that offers an innovative, Plug-and-play IoT management system. Through this acquisition Siemens AG aimed to fasten the adoption of IoT systems in a broader range of buildings, bringing sustainability, comfort, and cost benefits to more people and businesses.

Product Launches and Product Expansions:

Sep-2023: Southco, Inc. launched the Keypanion app, a new wireless access system through which users operate latches from their smartphones. This launch aims to provide an easy way for anyone to step into the next generation of electronic access.

Jul-2023: Hanwa Vision Co., Ltd. launched the SoldEDGE camera, the first of its kind Solid-state drive-based camera in the market with an embedded Wisenet Wave VMS Server. Through this launch, the company aims to serve its customers with a smart and fast security system.

Mar-2023: Johnson Controls unveiled C-Cure IQ Security Client, a security operations solution. The new solution integrates access control and video surveillance, thereby creating a full-fledged enterprise security system.

Mar-2023: Johnson International plc launched IQ Pro hybrid Security panel, specially built for intrusion protection in commercial buildings, campuses, large residential facilities, and k-12 markets. With this product, Johnson aims to provide solutions to the building owners and managers so that always feel safe that their facilities would be protected for years to come, even as their needs evolve.

Mar-2023: Siemens Smart Infrastructure, a part of Siemens AG unveiled a Connect Box, an open and easy-to-use IOT solution designed to manage small and medium-sized buildings. The launched Connect Box would be a user-friendly approach for monitoring building performance, with the potential to optimize energy efficiency by up to 30 percent and to substantially enhance indoor air quality in small to medium-sized buildings such as schools, apartments, retail shops, or small offices.

Jun-2022: Cisco Systems Inc. launched Cisco Security Cloud, a global, cloud-delivered, integrated platform that secures and connects organizations of any shape and size. The launched product would be created to protect the integrity of the entire IT ecosystem without public cloud lock-in.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bosch Security Systems GmbH (Robert Bosch GmbH), Suprema, Inc., Cisco Systems, Inc., Johnson Controls International PLC, Schneider Electric SE, Siemens AG, Honeywell International, Inc., Thales Group S.A., Southco, Inc. (Touchpoint, Inc.) and Hanwha Vision Co., Ltd. (Hanwha Corporation)

Scope of the Study

Market Segments covered in the Report:

By Application (Volume, Units, USD Million, 2019-2030)

• Card-based Readers
• Biometric Readers
• Multi-technology Readers
• Electronic Locks
• Access Controllers
• Others

By Vertical (Volume, Units, USD Million, 2019-2030)

• BFSI
• Government & Defense
• Defense & Aerospace
• Healthcare & Lifesciences
• Manufacturing
• Transportation & Logistics
• IT & Telecom
• Others

By Geography (Volume, Units, USD Million, 2019-2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• Bosch Security Systems GmbH (Robert Bosch GmbH)
• Suprema, Inc.
• Cisco Systems, Inc.
• Johnson Controls International PLC
• Schneider Electric SE
• Siemens AG
• Honeywell International, Inc.
• Thales Group S.A.
• Southco, Inc. (Touchpoint, Inc.)
• Hanwha Vision Co., Ltd. (Hanwha Corporation)

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