The global door access control readers market is driven by the growing adoption of smart access control systems, the rise in security concerns, and the surge in the adoption of cloud-based access control systems.
NEW CASTLE, Del., Oct. 26, 2023 /PRNewswire/ –Allied Market Research published a report, titled, “Door access control readers Market by Type (Keypad Readers, Swipe Card Readers, RFID Door Readers, Biometric Door Readers, Smart Lock Door Readers), By Application (Military and Defense, Commercial, Government, Education, Residential, Healthcare, Manufacturing, and Industrial, and Transportation): Global Opportunity Analysis and Industry Forecast, 2022-2031.” According to the report, the global door access control readers industry generated $3.4 billion in 2022 and is anticipated to generate $9.6 billion by 2032, witnessing a CAGR of 11.0% from 2023 to 2032.
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173 – Tables
80 – Charts
329 – Pages
Prime Determinants of Growth:
The global door access control readers market is driven by the growing adoption of smart access control systems, the rise in security concerns, and the surge in the adoption of cloud-based access control systems. However, the high maintenance cost associated with the access control readers limits their adoption, thereby hampering the market growth. On the contrary, the surge in adoption of cloud-based access control systems and advancements in access control reader technology in developing countries are expected to offer remunerative opportunities for the expansion of the global door access control readers market in the coming future.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023-2032 |
|
Base Year |
2022 |
|
Market Size in 2021 |
$3.4 billion |
|
Market Size in 2031 |
$9.6 billion |
|
CAGR |
11.0 % |
|
No. of Pages in Report |
329 |
|
Segments Covered |
Type, Application, and Region |
|
Drivers |
Growing adoption of smart access control systems |
|
Rise in security concerns |
|
|
Surge in adoption of cloud-based access control systems |
|
|
Opportunities |
High maintenance cost |
|
Restraints |
Advancements in access control reader technology in developing countries |
COVID-19 Scenario:
Due to the COVID-19 pandemic, the door access control readers market experienced supply chain disruptions and shortages of certain materials, leading to production delays and increased prices.
However, the demand for security and safety applications continued to grow, particularly in the areas of industrial, government, and commercial sectors, which helped to mitigate the negative impact of the pandemic.
The RFID Door Readers Segment to Maintain its Leadership Status Throughout the Forecast Period
Based on type, the RFID door readers segment held the highest market share in 2022, accounting for nearly one-third of the global door access control readers market revenue, and is estimated to maintain its leadership status throughout the forecast period. On the other hand, the smart lock door readers segment is projected to grow at a high CAGR of 15.11% from 2023 to 2032. This is due to the surge in demand for enhanced security and safety solutions such as contactless solutions, seamless integration capabilities, and compliance with industry regulations.
The Commercial Segment to Maintain its Leadership Status Throughout the Forecast Period
Based on application, the commercial segment held the highest market share in 2022, accounting for around one-third of the global door access control readers market, and is expected to maintain its leadership status throughout the forecast period. The growth of door access control readers in the commercial sector is being driven by the increasing demand for smaller and more precise piezoelectric components in applications such as micro-actuators, micro pumps, and medical devices. However, the residential segment is projected to manifest the highest CAGR of 13.64% from 2023 to 2032. The market for door access control readers used in consumer electronics is being driven by the demand for accurate actuation, sensing, and power generation in smartphones, wearables, and other devices.
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Asia-Pacific Region to Maintain its Dominance by 2032
Based on region, the Asia-Pacific region held the highest market share in 2022, contributing to nearly two-fifths of the global door access control readers market revenue, and is likely to dominate the market during the forecast period. The same region would also showcase the fastest CAGR of 12.12% during the forecast period. The rapid growth of the door access control readers industry sector in the Asia-Pacific region contributes to the growth of advanced security and safety solutions across various sectors such as commercial residential, and others driving the growth of the door access control reader market in the Asia-Pacific region.
Leading Market Players:
Dormakaba Holding AG
Allegion Plc
ASSA ABLOY AB.
Identiv, Inc.
IDEMIA
Nedap N.V.
Suprema HQ Inc.
Gemalto NV
Napco Security Technologies, Inc.
Avigilon Corporation
The report provides a detailed analysis of these key players in the global door access control readers market. These players have adopted different strategies such as product launches, branding, collaborations, partnerships, acquisition, product upgrades/development, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders:
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the door access control readers market analysis from 2022 to 2032 to identify the prevailing Door access control readers Market Opportunity.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the door access control readers market forecast segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global door access control readers market trends, key players, market segments, application areas, and market growth strategies.
Door Access Control Readers Market Key Segments:
By Type
Keypad Readers
Swipe Card Readers
RFID Door Readers
Biometric Door Readers
Smart Lock Door Readers
By Application
Government
Education
Residential
Healthcare
Manufacturing and Industrial
Transportation
Military and Defense
Commercial
By Region
North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arebia, United Arab Emirates, South Africa, Rest of LAMEA)
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