Industrial Access Control Market Size, Comprehensive Research Study, Development Strategy, Business Growth, Industrial Insights, Key Vendors and Global Trends by Forecast 2023

Market Research Future
Market Research Future published a research report on “Global Industrial Access Control Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Insights

The use of industrial access control (IAC) systems, which allows for control over access into restricted premises, has seen a substantial increase over the years. Increasingly evolving, sophisticated threats are creating a requirement for high end security. IAC security options have been deployed across private and public sectors where, with advancing technology, there has been a significant amount of investment in assets. Industrial access control systems have observed a considerable demand in order to protect the aforementioned assets.

Market Research Future (MRFR) has recently published a market report which analyzes the factors affecting the market so as to accurately identify trends, opportunities and restraints of the IAC market. The explosive growth of various private sectors including IT, banking and medical have driven the rapid adoption of IAC systems. This allows various businesses to secure otherwise vulnerable locations such as old buildings with poor security.

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Ease of implementation and customizable features of IAC systems allow for the systems to be updated along with growth of the relevant industrial user. Other factors that affect growth for this market include continual technological development, an increasingly widespread implementation of wireless technology and an embracement of IoT based security systems. MRFR has estimated a value of USD $1.03billion and a considerable growth of 10.8% CAGR by 2023.

Key Players:

The prominent players in the Industrial Access Control Market are – Morpho SA (France), NEC Corporation (Japan); ASSA ABLOY AB (Sweden), dorma+kaba Holding AG (Switzerland), 3M Company (US), Allegion Plc (Ireland), Honeywell Security Group (U.S), Napco Security Technologies Inc.(U.S), Keyscan Inc. (U.S) and Johnson Controls International Plc (Ireland) among others.

Market Segmentation

The global industrial access control system has been segmented by access type, service, end-user and region so as to provide a comprehensive understanding of the market, its trends and factors affecting growth.

  • Based on access type, the market has been segmented into physical access, electronic access, logical access, network access and others.
  • Based on service, the market has been segmented into installation & integration, access control as service, maintenance & support and others.
  • Based on end user, the market has been segmented into automotive & aerospace, pulp & paper, steel & metal, hospitals, utilities, machinery & electronics, chemical & synthetics and others.
  • Based on region, the market has been segmented into North America, Europe, APAC and Rest of the World.   

Regional Analysis

North America leads the market with the largest share, this is primarily owing to the widespread, rapid adoption of industrial access control solutions. Security concerns in industrial applications are growing swiftly, thus motivating demand for IAC systems. The region also has a strong presence of various key players who consistently use research & development in order to provide state-of-the-art security solutions.

Europe is expected to experience swift advancements in this market, due to a similar growth pattern and an increase in security threats. The Asia Pacific, however, is set to be the fastest growing regional market segment. Rapid industrialization in economies such as China, Japan and South Korea has made this region one to watch during the forecast period.

Latest Industry News

Indegy, an industrial cyber security company, has just launched a risk assessment service. The service allows organizations to ascertain security risks in their operational technology. This unique service will allow for an extensive insight into industrial control system activities and allows organizations to customize security solutions to fit their needs.

Princeton Identity is all set to showcase their new industrial access control system, Access200TM. The product has been described as a feature-rich biometric solution that is customizable for various applications. The product is affordable, compact and promises to create seamless industrial access control system experience.

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Intended Audience

  • Raw material providers
  • Cards and readers manufacturers
  • Lock manufacturers
  • Entrance systems manufacturers
  • Security equipment manufacturers
  • Biometric devices manufacturers
  • Access control panels manufacturers
  • Assembly, testing, and packaging vendors
  • Solution providers
  • Intellectual property core and licensing providers
  • Technology standards organizations
  • Technology investors
  • Research institutes,
  • System Integrators
  • Research/Consultancy firms

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