Global Touchless Access Control Market Growth (Status and Outlook) 2024-2030

Global Touchless Access Control Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Touchless Access Control market size was valued at US$ 1502.6 million in 2023. With growing demand in downstream market, the Touchless Access Control is forecast to a readjusted size of US$ 2625.5 million by 2030 with a CAGR of 8.3% during review period.

The research report highlights the growth potential of the global Touchless Access Control market. Touchless Access Control are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Touchless Access Control. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Touchless Access Control market.

The coronavirus pandemic has led to an increased adoption of touchless access control devices in the market. However, post the lockdown ease, most of the commercial buildings would demand and need touchless access control systems to ensure fewer areas of contact in public spaces. Conventional access methods like handles, keypads, biometric pads, elevator buttons, among others are some of the most commonly touched spots in a building. Touchless access control devices allows people to access areas by the wave of a hand in front of the reader. The readers utilize facial recognition, read Bluetooth device numbers, or use specific mobile apps to identify the person and allow access to the facility.

The security industry originated in the United States, mainly including video surveillance, access control and management, intrusion alarm, building intercom and other segments. According to our research, the global market size of the security industry is about $254.1 billion. It is mainly used in the commercial sector, with infrastructure applications accounting for about 37% of the global market. Smart homes also account for a portion of the share and over the past few years, security and control systems have become one of the most popular smart home devices.

Key Features:

The report on Touchless Access Control market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Touchless Access Control market. It may include historical data, market segmentation by Type (e.g., Smartphone-based Access Control, Facial Recognition Devices), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Touchless Access Control market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Touchless Access Control market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Touchless Access Control industry. This include advancements in Touchless Access Control technology, Touchless Access Control new entrants, Touchless Access Control new investment, and other innovations that are shaping the future of Touchless Access Control.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Touchless Access Control market. It includes factors influencing customer ' purchasing decisions, preferences for Touchless Access Control product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Touchless Access Control market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Touchless Access Control market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Touchless Access Control market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Touchless Access Control industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Touchless Access Control market.

Market Segmentation:

Touchless Access Control market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
Smartphone-based Access Control
Facial Recognition Devices
Bluetooth Access Control Readers
Others

Segmentation by application
Government and Commercial Buildings
Residential Buildings
Others

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.
HID Global
Openpath
Identiv
Invixium
Allegion
Swiftlane
Salto Systems
Milestone Systems
Anviz Global
VIZpin
ButterflyMX
Stanley Security
CDVI Group
Umbrella Technologies

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