- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 07 Mar 2016
Global Electronic Access Control Systems Market Research
Persistence Market Research Released New Market Report on “Global Market Study on Electronic Access Control (EAC) Systems: Biometric Systems to Witness Highest Growth by 2019,” the global Electronic Access Control systems market was valued at USD 15,406.1 million in 2013 and is expected to grow at a CAGR of 12.6% from 2014 to 2019, to reach an estimated value of USD 31,187.8 million in 2019.
According to the Study of Terrorism and Responses to Terrorism (START), one of the world’s top terrorism trackers, 2012 witnessed 69% rise in terror attacks and 89% increase in fatalities caused by them over 2011. Increasing levels of crime and terror attacks demand high-end security. The need for better security systems to tackle fraud, illegal immigration, and criminal activity has propelled governments to invest in better security systems. Advantages such as high accuracy, convenience, and time efficiency of Electronic Access Control (EAC) systems has increased its attractiveness in the global security market.
Increasing international trade and privatisation have influenced governments and the private sector to invest in better infrastructure facilities. Construction of roads, residential buildings, healthcare centers and educational institutes are expected to increase in the future increasing the demand for EAC systems in order to create better security. Mobile devices with advanced sensor technologies are currently generating a shift toward biometric systems.
EAC system is bifurcated into three major technologies, authentication system (biometric and card based authentication system), intruder alarm system and perimeter security system (free standing, buried cable and fence mounted security system) and end-user segment (government, commercial, industrial and residential).
The global market for EAC systems grew from USD 10.1 billion in 2009 to USD 15.4 billion in 2013, and is expected to grow to USD 31.2 billion in 2019 growing at a CAGR of 12.6%. The authentication system (largest market in 2013) increased by 13.1% CAGR during 2009-2013 to reach USD 11.7 billion in 2013. The Asia-Pacific EAC systems market is expected to record the highest CAGR growth of 16.7% to reach USD 9.6 billion in 2019. Usage of EAC system in commercial sector (largest end-user in 2013) increased by 13.9% CAGR during 2009-2013 to reach USD 4.6 billion in 2013.
The EAC system market is fragmented with several players operating at a global or regional level, supplying EAC system products (authentication systems, intruder alarm systems and perimeter security systems).
Some of the companies operating globally and providing products under all three categories are United Technologies Corporation, Tyco International Ltd., Godrej Industries Limited, and Cisco Systems, Inc. There are companies which operate globally and provide products under two categories such as Safran SA (authentication and intruder alarm system), 3M Cogent, Inc. (authentication and perimeter security system), Panasonic Corporation (intruder alarm and perimeter security), and Honeywell International Inc. (authentication and intruder alarm). Some companies operate on the global level and provide only one EAC system product such as Siemens AG (authentication system), Hitachi Ltd. (intruder alarm), and Magal Security Systems Ltd. (perimeter security system).
Featured articles and news
The phrase ‘time at large’ describes the situation where there is no date for completion, or it has become invalid.
The Maldives is under threat from climate change. Read this report from BRE on their potential involvement in the region.
MHCLG update states there are still 124 private high-rise buildings with unsafe cladding and no remediation plan.
Starting a new built environment degree? We have a wide range of resources aimed at students.
Former railway chief James Blake says trust and control are key to successful infrastructure projects.
Do you know your Rococo from your De Stijl, your Gothic from your Post-modernist?
May outlines a new funding strategy for housing associations and says the 'stigma' of social housing needs to end.
RIBA launches a consultation on a new Plan of Work for Fire Safety.
This article offers some basic rules to follow when writing your next specification.
The iconic Mackintosh Building will definitely be rebuilt, board chairwoman confirms.
The machinery used to fashion stone has changed dramatically - and so have the products.