Door Access Control Readers Market, Research 2032
The Global Door Access Control Readers Market size was valued at $3.4 billion in 2022, and is projected to reach $9.6 billion by 2032, growing at a CAGR of 11% from 2023 to 2032
An access control reader is a tool designed to recognize and verify individuals, determining whether they should be allowed or denied access to a secured area such as a building or room. These devices find use in various applications, including commercial structures, government facilities, healthcare institutions, educational campuses, and others. A unique identification from a credential, such as a key card, fob, or biometric identifier, is read by access control readers. This identity is then cross-checked against a database of permitted users. The reader will unlock the door or gate if the identity matches. If the identification does not match, the door or gate remains closed.
The main purpose of a card access door reader or other door access readers is to ensure ease of use and time-saving in managing access. It provides a secure and convenient way for authorized personnel to enter and exit a building, helps to enhance the security of a building, and reduces the risk of theft or vandalism by restricting access to non-residents and unauthorized personnel. It helps provide a record of who enters and exits the building. Moreover, it prevents unauthorized personnel from entering, and to overcome security challenges and constraints surrounding security solutions while protecting and safeguarding educational institutions. It is designed to verify the identity of users’ physical characteristics such as fingerprints, facial recognition, or iris scans. Furthermore, their integration with other security such as cameras and alarms creates comprehensive security solutions for the users.
The global door access control readers market forecast is expected to witness notable growth during the forecast period, owing to an increase in the adoption of smart access control systems. Moreover, the surge in security concerns across commercial and government sectors globally has majorly driven the growth of the door access control reader market. Furthermore, the rise in the adoption of cloud-based access control systems is projected to drive the door access control readers market opportunity.
However, high maintenance costs act as prime factors that restrain the door access control reader market growth. Furthermore, advancements in access control reader technology in developing countries such as India, China, Taiwan, France, and others are projected to provide a lucrative opportunity to expand the door access control reader market during the forecast period.
Segment Overview
The door access control readers market share is segmented into Type, Application, and Region
By type, the market is divided into keypad readers, swipe card readers, RFID door readers, biometric door readers, and smart lock door readers. In 2022, the RFID door reader segments dominated the market in terms of revenue and is expected to follow the same trend during the forecast period. However, the smart lock door readers segment is expected to emerge as the fastest-growing segment of the market during the forecast period.
By application, the door access control readers market overview is segmented into military and defense, commercial, government, education, residential, healthcare, manufacturing and industrial, and transportation. The commercial segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. However, the residential segment is expected to emerge as the fastest-growing segment of the market during the forecast period.
By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, Italy, UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (UAE, Argentina, rest of LAMEA). Asia-Pacific region, especially China remains a significant participant in the door access control reader market.
Competitive Analysis
Competitive analysis and profiles of the major global door access control reader market players that have been provided in the report include Dormakaba Holding AG, Identiv Inc., IDEMIA Group, Suprema HQ Inc., Allegion Plc, NAPCO Security Technologies Inc.., Avigilon Corporation, ASSA ABLOY AB, Gemalto N.V., Nedap N.V.
Country Analysis
North America-wise, the U.S. acquired a prime share in the door access control reader market in the North American region and is expected to grow at a high CAGR of 9.94% during the forecast period of 2023-2032. The U.S. holds a dominant position in the Door access control reader market, owing to the presence of prime players such Identiv, Inc., Napco Security Technologies, Inc., and others are pioneers in the door access control reader industry, constantly pushing the boundaries of technology to develop more efficient and high-performance devices.
In Europe, the UK dominated the Europe door access control reader market share in terms of revenue in 2022 and is expected to follow the same trend during the forecast period. Furthermore, Germany is expected to emerge as one of the fastest-growing countries in Europe's door access control reader industry with a CAGR of 11.99%, owing to a strong automotive industry, the presence of leading door access control reader manufacturers, and government support.
In Asia-Pacific, China holds a dominant market share in the Asia-Pacific region and is expected to follow the same trend during the forecast period, owing to its large and growing market, growing popularity of door access control readers in commercial and residential sectors, and presence of leading door access control reader manufacturers. However, India is expected to emerge as a dominant country in the door access control reader market in the Asia-Pacific region.
In LAMEA, Latin America is growing the fastest in the door access control reader market because of the increase in recognition of the importance of security measures and the rise in the need for advanced access control solutions to protect assets and ensure safety in the country. Moreover, the UAE region is expected to grow at a high CAGR of 11.26% from 2023 to 2032, owing to its economic growth, infrastructure investment, and demand for door access control readers in applications such as residential, commercial, and government.
Top Impacting Factors
The door access control readers industry is anticipated to expand significantly during the forecast period, owing to the growing adoption of smart access control systems. In addition, the surge in security concerns and the growing adoption of cloud-based access control systems fuel the market growth. Moreover, door access control readers are anticipated to benefit, owing to advancements in access control reader technology in developing countries such as France, the UK, India, and the UAE. However, high maintenance costs are anticipated to restrain the door access control readers market growth during the forecast period.
Historical Data & Information
The door access control readers industry is highly competitive, owing to the strong presence of existing vendors. Vendors of door access control reader machines with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this market is expected to increase as technological innovations, product extensions, and different strategies adopted by key vendors increase.
Key Developments/ Strategies
ASSA ABLOY AB, Gemalto N.V., Nedap N.V, Dormakaba Holding AG, Identiv Inc., and IDEMIA Group are the top 5 companies holding a prime share in the door access control reader market. Top market players have adopted various strategies, such as product launch, acquisition, Collaboration, integration, geographical expansion, branding, agreement, and product development, to expand their foothold in the door access control reader market.
In January 2023, Suprema showcased its various access control solutions, including the 100% contactless BioStation 3 terminal, flagship facial recognition terminal FaceStation F2, and QR code/fingerprint recognition terminal X-Station 2 at Dubai event.
In March 2023, Motorola Solutions launched the Avigilon physical security suite that provides secure, scalable, and flexible video security and access control to organizations of all sizes around the world.
In July 2023, Identiv, Inc. launched Primis, a suite of access control solutions designed for every security need. It offers secure, affordable, and ready-to-use security solutions straight out of the box, streamlining access control for businesses of all sizes. The suite features primis on-premises access control, primis cloud, primis mobile, and the EG-2 controller.
In July 2023, Identiv, Inc. unveilled a radio-frequency identification (RFID) production facility in Bangkok, Thailand. With this facility, Identiv significantly expanded its manufacturing capacity and cost competitiveness to fulfill demand for its leading-edge IoT solutions.
In April 2022, Allegion plc signed a definitive agreement to acquire Stanley Access Technologies LLC (“Access Technologies”) and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. for $900 million in cash.
In September 2022, IDEMIA facial recognition technology ranked first on the false match rate (“FMR”) fairness test among the 100 most accurate algorithms in the face recognition vendor test (FRVT) from the National Institute of Standards and Technology (NIST), with more than twice the fairness of the twenty most accurate.
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 opportunities.
- 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 to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the door access control readers market segmentation assists in determining 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 an 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, by Type Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 9.6 billion |
 Growth Rate | CAGR of 11% |
 Forecast period | 2022 - 2032 |
 Report Pages | 329 |
 By Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | IDEMIA, ASSA ABLOY, Napco Security Technologies, Inc., Avigilon, Allegion Plc, Dormakaba Holding AG, Suprema Inc., Nedap N.V., Identiv, Inc., Gemalto NV |
Analyst Review
The door access control readers market is witnessed a substantial growth in recent years, owing to a surge in the need for enhanced security concerns in the era of digital age. Further, access control readers have evolved beyond the use of traditional roles and implementation and now are an essential component in the intergradation of the security ecosystem in commercial and residential sectors. All these factors show a lucrative growth prospective for the market.? Companies in this industry have been adopting various innovative techniques to provide customers with advanced and innovative product offerings.??
The growing adoption of smart access control systems, the growing adoption of cloud-based access control systems, and surge in security concerns drive the growth of the market. However, high maintenance costs impede market growth. Furthermore, advancements in access control reader technology in developing countries is expected to create lucrative opportunities for the key players operating in the market.??
The market participants are expected to introduce technologically advanced products to remain competitive in the market. Product launch, partnership, and acquisition are the prominent strategies adopted by market players. For instance, ABLOY, a subsidiary of ASSA ABLOY, launched a new keyless access controller, enhancing its access control offerings. This innovative controller enables secure and convenient access management by integrating with existing security systems. It allows users to access doors using mobile devices, PIN codes, or RFID cards, simplifying entry while maintaining high-security standards.
Asia-Pacific region is the largest region in the market and China remains the largest share holder in the Asia-Pacific door access control readers market.
The commercial segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period.
The door access control readers market is anticipated to expand significantly during the forecast period, owing to growing adoption of smart access control systems. In addition, surge in security concerns and growing adoption of cloud-based access control systems fuel the market growth.
The door access control readers market was valued for $3,410.28 million in 2022 and is estimated to reach $9,608.50 million by 2032, exhibiting a CAGR of 11.03% from 2023 to 2032.
ASSA ABLOY AB, Gemalto N.V., Nedap N.V, Dormakaba Holding AG, Identiv Inc., and IDEMIA Group are the top 5 companies holding a prime share in the door access control reader market.
Loading Table Of Content...
Loading Research Methodology...
