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Allied Market Research

Access Control Reader Market By Reader Type (Card-Based Readers, Biometric Readers, and Multi-Technology Readers), Communication Technology (Cloud-Based, Smartphone-Based, and IoT-Based), Smart Card Technology Type (iCLASS, MIFARE, DESFire, and Advant), and End User (Residential, Commercial, Industrial, BFSI, Healthcare, Government, Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 729 Views
   
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COVID-19

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Access Control Reader Market Outlook – 2027 

Urbanization equipped with enhanced security identity management, increased convenience, and contactless interfaces drive growth of the access control reader market. Access control readers refer to devices that prevents entry or exit of an unauthorized person from a particular area. Increase in demand for advanced security solutions such as smart card readers in commercial building automation and smart homes has provided a major opportunity for growth of the market. Access control reader ensures safety of a property and people entering and leaving a property.

The global access control reader market is segmented on the basis of reader type, communication technology, smart card technology type, end user, and region. Based on reader type, the access control reader market is divided into card-based readers, biometric readers, and multi-technology readers. In terms of communication technology, the market is categorized into cloud-based, smartphone-based, and IoT-based. 

On the basis of smart card technology type, the market is divided into iCLASS, MIFARE, DESFire, and Advant. In terms of end user, the market is segregated into residential, commercial, industrial, BFSI, healthcare, government, transportation, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global access control reader industry include ASSA ABLOY AB (Sweden), Dormakaba Holding AG (Switzerland), Allegion plc (Ireland), Identiv Inc. (US), Nedap N.V. (Netherlands), Suprema HQ Inc. (South Korea), Napco Security Technologies (US),  Gemalto N.V. (Netherlands), Avigilon Corporation (Canda), IDEMIA (France), Peter Hengstler Gmbh+Co. (Germany), Paxtron Access Ltd. (UK), Castles Technology (Taiwan), and DUALi Inc. (South Korea). These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market. 

Top Impacting Factors

The commercial industry is the major adopter of access control readers. Access control readers decrease the need for human resources for security and lower security expenses hence, there is a growing demand for access control devices. 

Rise in Need For Security in Commercial Spaces to Hold the Largest Market Share 

Commercial locations such as data centers, enterprises, banks, financial institutions, retail stores, malls, hotels, and entertainment studios need access control readers to ensure safety of a property and people entering and leaving the property from unauthorized access. Hence, commercial locations provide a huge opportunity for the market.

Asia-Pacific Market Anticipated to Grow Significantly

Asia-Pacific is expected to hold the largest share of the access control reader market, as developing countries in this region are working toward improving their infrastructure. Factors such as large population, heavy investments in digitalization, rapid industrialization, and high demand for security systems drive growth of the global market.

Key Benefits of the Report

  • This study presents the analytical depiction of the global access control reader market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global access control reader market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global access control reader market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global access control reader market analysis based on competitive intensity and how the competition will take shape in coming years. 

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2020-2027

Base Year Considered

2019

Forecast Period

2020-2027

Forecast Units

Value (USD)

Segments Covered

Reader Type, Communication Technology, Smart Card Technology Type, End User, and Region

Regions Covered

North America (Canada, Mexico, U.S.), Europe (France, Germany, UK, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific), LAMEA (Africa, Latin America, Middle East)

Companies Covered

ASSA ABLOY AB (Sweden), Dormakaba Holding AG (Switzerland), Allegion plc (Ireland), Identiv Inc. (US), Nedap N.V. (Netherlands), Suprema HQ Inc. (South Korea), Napco Security Technologies (US), Gemalto N.V. (Netherlands), Avigilon Corporation (Canda), IDEMIA (France), Peter Hengstler Gmbh+Co. (Germany), Paxtron Access Ltd. (UK), Castles Technology (Taiwan), and DUALi Inc. (South Korea)

 

COVID-19 Scenario Analysis

  • The market is anticipated to significantly be affected as construction projects throughout China has been stalled. Which is the country with the highest number of construction activities. Hence, there is a limited demand for access control readers.
  • However, demand for facial recognition readers would remain relatively strong as conventional physical access control readers and facial recognition readers do not require entrants to physically touch a screen or a device. Facial recognition technology has been viewed by governments as an ideal investment to reduce spread of the coronavirus in highly crowded areas.
  • Logistics slowdown and unavailability of workforce across the globe has impacted the production of access control readers.
  • Various E-commerce websites have stopped delivery of non-essential items including electronic items, which affects the global market.

Access Control Reader Market Key Segments

Segments

Sub-Segments

Reader Type

  • Card-Based Readers
  • Biometric Readers
  • Multi-Technology Readers

Communication Technology

  • Cloud-Based
  • Smartphone-Based
  • IoT-Based

Smart Card Technology Type

  • iCLASS
  • MIFARE
  • DESFire
  • Advant

End User

  • Residential
  • Commercial
  • Industrial
  • BFSI
  • Healthcare
  • Government
  • Transportation
  • Others

 

Questions Answered in the Access Control Reader Market Research Report

  • Who are the leading market players active in the global market?
  • What would be the detailed impact of COVID-19 on the access control reader market size?
  • How current access control reader market trends would influence the industry in the next few years?
  • What are the driving factors, restraints, and opportunities in the global market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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