Global Electronic Access Control System (EACS) Market 2017 Size, Growth, Status, Type and Application, Segmentation, Forecast by 2022

“Electronic Access Control System (EACS) Market”
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Electronic Access Control System (EACS) Market:

Executive Summary

Electronic Access Control System (EACS) Market is projected to witness a compound annual growth rate of 10.29% to grow to US$29.202 billion by 2022, from US$17.895 billion in 2017. This technology is being increasingly used on account of advantages it offers like preventing unauthorized entry, traffic monitoring, and Internet access control among others. Increasing security concerns due to rise in terror activities coupled with increasing investment in infrastructure are some the key factors driving the market growth. Falling prices of various EACS solutions due to technological development and huge demand from the government and commercial sectors are other additional factors boosting the growth of this market over the forecast period.

By Application

By application, the commercial sector is expected to grow at a high rate over the projected period. Increasing terror threats to airport, hospitals and other commercial buildings drive this segment’s growth. Moreover, growing investment towards building security coupled with the strict regulatory framework is also contributing to the market growth. Exponential growth being observed in IT, banking, hospitals and retail sector, especially in rapidly developing countries like China and India, is expected to create ample opportunities for the EACS vendors over the next five years.

By Geography

North America accounted for the largest market share in 2016. The increase in the number of terrorist attacks over the years along with strict building security regulation is augmenting the investments in advanced security technologies while propelling the EACS market growth in this region. However, Asia Pacific is expected to grow at the highest rate owing to rising conflicts and a threat of terrorism. Moreover, changing regulatory framework in tandem with rapid digitization, especially in the government sector; is creating various opportunities in this region for EACS vendors. The rising adoption of technology and presence of rapidly growing economies of China and India is further expected to contribute to the market growth.

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Competitive Insight

Although the market is fragmented owing to the presence of various players, key players dominate the market share owing to their capability to invest in continuous R&D. The major players discussed in the reports are Honeywell International, Bosch Security Systems, Assa Abloy, Siemens, Jhonson Control, BIO-key International, 3M, and Schneider Electric. Key vendors are increasingly focusing on acquiring local players in order to expand their market footprint. Moreover, innovation in product features through the addition of advanced and latest technologies help vendors to differentiate in the market while gaining a competitive edge.

Segmentation

The electronic access control system market has been segmented by technology, application, and geography as below:

By Technology

  • Authentication System
  • Intruder Alarm
  • Perimeter Security System

By Application

  • Homeland Security
  • Industrial Sector
  • Residential Sector
  • Commercial sector

By Geography

  • Americas
  • North America
  • S.
  • Canada
  • Mexico
  • Others

South America

  • Brazil
  • Argentina
  • Others

Europe Middle East and Africa

  • Europe
  • UK
  • Germany
  • France
  • Others

Middle East and Africa

  • Saudi Arabia
  • Israel
  • Others

Asia Pacific

  • Japan
  • China
  • India
  • Australia
  • Others 

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Table of Contents

  1. Introduction
  2. Research Methodology
  3. Executive Summary
  4. Market Dynamics 
        4.1. Market Overview and Segmentations 
        4.2. Drivers 
        4.3. Restraints 
        4.4. Opportunities 
        4.5. Supplier Outlook 
        4.6. Industry Outlook 
        4.7. Porter’s 5 Forces Analysis 
        4.8. Industry Value Chain Analysis 
        4.9. Industry Regulations 
        4.10. Scenario Analysis
  5. Global Electronic Access Control System Market Forecast by Technology (US$ billion) 
        5.1. Authentication System 
          5.1.1. Market Size and Forecasts to 2022 
        5.2. Intruder Alarm 
          5.2.1. Market Size and Forecasts to 2022 
        5.3. Perimeter Security System 
          5.3.1. Market Size and Forecasts to 2022
  6. Global Electronic Access Control System Market Forecast by Application (US$ billion) 
        6.1. Homeland Security 
          6.1.1. Market Size and Forecasts to 2022 
        6.2. Industrial Sector 
          6.2.1. Market Size and Forecasts to 2022 
        6.3. Residential Sector 
          6.3.1. Market Size and Forecasts to 2022 
        6.4. Commercial Sector 
          6.4.1. Market Size and Forecasts to 2022 

…CONTINUED

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