Global Access Control Reader Market Growth 2023-2029

Global Access Control Reader Market Growth 2023-2029

The commercial vertical is the largest adopter of access control readers. In this vertical, commercial premises such as enterprises and data centers, banks and financial centers, hotels, retail stores and malls, and entertainment areas have been considered.

LPI (LP Information)' newest research report, the “Access Control Reader Industry Forecast” looks at past sales and reviews total world Access Control Reader sales in 2022, providing a comprehensive analysis by region and market sector of projected Access Control Reader sales for 2023 through 2029. With Access Control Reader sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Access Control Reader industry.

This Insight Report provides a comprehensive analysis of the global Access Control Reader landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Access Control Reader portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Access Control Reader market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Access Control Reader and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Access Control Reader.

The global Access Control Reader market size is projected to grow from US$ 3744.7 million in 2022 to US$ 7418.8 million in 2029; it is expected to grow at a CAGR of 7418.8 from 2023 to 2029.

The overall access control reader market is expected to grow from USD 3.0 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 12.5%. The growth of this market is mainly driven by the high demand for enhanced security; contactless interfaces to boost adoption of smart cards; and increased convenience, enhanced security identity management, and improved human resource management. Increasing urbanization in emerging economics provides major opportunities for the growth of the access control reader market.

This report presents a comprehensive overview, market shares, and growth opportunities of Access Control Reader market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Card-based Readers
Biometric Readers
Multi-technology Readers

Segmentation by application
Commercial
Government
Residential

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ASSA ABLOY AB (Sweden)
Dormakaba Holding AG (Switzerland)
Allegion plc (Ireland)
Identiv, Inc. (US)
Nedap N.V. (Netherlands)
Suprema HQ Inc. (South Korea)
Napco Security Technologies (US),
Gemalto N.V. (Netherlands)
Avigilon Corporation (Canda)
IDEMIA (France)
Peter Hengstler Gmbh+Co. (Germany)
Paxtron Access Ltd. (UK)
Castles Technology (Taiwan)
DUALi Inc. (South Korea)
Salto Systems (Spain)
Axis Communications (Sweden)
AMAG Technology (US)
Pax Technology Ltd. (China)
Advanced Card Systems Ltd. (China)
Gallagher Group (New Zealand)
Vanderbilt Industries (US)
Brivo, Inc. (US)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Access Control Reader market?

What factors are driving Access Control Reader market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Access Control Reader market opportunities vary by end market size?

How does Access Control Reader break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.