Smart Access Control System Market

SMART ACCESS CONTROL SYSTEM (ACS) MARKET REPORT OVERVIEW

The global Smart Access Control System (ACS) Market Size was USD 843.58 million in 2024 and the market is projected to touch USD 1493.26 million by 2031, exhibiting a CAGR of 8.50 % during the forecast period.

Access control system is an electronic device or a tool as well as software that control the entry and exit of any person and objects according to the given authority to that person and objects. It provides security and restriction to the areas which are enabled with this software and tools facilities. With the use of advanced technologies, more smart tools are there with more security and manage the access of properties. There are many smart ACS tools such as biometrics, cloud computing, motion detectors, doors, key locks, and others.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

In the period of pandemic, this market also had a phase of slow growth due to the slowdown of the supply and other areas which are connected with this market are highly affected such as production, manufacturing units and others. However, the COVID-19 pandemic had helped in the growth of this market due to the encouragement of work from home globally. The requirement of authentic and safe devices and control systems had increased drastically. Hence, with the growing technologies this market has great potential to grow further and faster.

The latest trend in this market is the implementation of access control based on mobile phones. The biometrics system based on the mobile has complemented the new platform and improved security and convenience for users. This trend will accelerate growth of this market.

SMART ACCESS CONTROL SYSTEM (ACS) MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Card-based Control System, Video/Audio Control System, and Biometric Systems.

• Card-based Control System: The card- based control system is a card type person enabler that has some pattern of alphanumeric unique code. This allows a person and employee to get the entry permission to the area. It is usually used at the doors of the institute or organizations, and others.
• Video/Audio Control System: An audio/ video control system is a tool that is used in the single device for connecting and controlling audio and video equipment. It works as an interface to control pieces of hardware such as touch-screen, keypad, video conferences, and others.
• Biometric Systems: The biometric systems are access control systems that are linked by the personal characteristics to identify an individual. There are many ways to identify and allow biometric accessibilities such as fingerprint, retina scans, and facial recognition.

By Application

Based on application the market can be categorized into Residential and Commercial

• Residential: The ACS is highly used in the residential applications that allow automatic access to many properties of the residence. It allows a person or individual to enter who is authorized. At various areas the system can be used such as at gates, entrances, elevators, interior doors, and others.
• Commercial: The commercial segment is leading this market. In commercial the ACS is used in businesses to manage the entry of individuals to the premises. In this segment, there are many options through which the security can be managed such as card, biometrics data, keypads, and others.

"Increasing Demand of Industrial ACS Increases the Market Extremely"

It is one of the key driving factors for the Smart Access Control System (ACS) Market Growth due to increasing demand of the smart access control system in the industries. Through the various tools such as card systems, iris recognitions, and many more, the industries can easily collect and store the data of the various activities of the individuals. With all restrictions for the intruder to enter the building or the premises and high security system for keeping the personal information, this market is growing very fast.

"Increasing Demand of Biometrics ACS Encourages the Market Growth"

The biometric access control system is used in every sector such as offices, colleges, organizations, and others. This vast use of the biometric system is encouraging other areas to adopt the biometric systems. Hence, in this manner the demand of this market is increasing and encourages the market to grow.

"High Installment Cost Restrict the Market Growth"

On a larger scale project, the installation and development of ACSs at an initial stage is very high. This is a noteworthy restraining factor for the growth of the market. The replacement of traditional features to the smart features such as normal key-lock with smart lock system, advanced features at the homes, biometric attendance or entries, data securities and many more. These facilities with proper security of the properties for residential or commercial are highly expensive.

SMART ACCESS CONTROL SYSTEM (ACS) MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominates the Market due to Presence of Many Companies"

The North America region is dominating the Smart Access Control System (ACS) Market Share due to the large numbers of many key players in this sector of the market. The residential segment in the North America region is very large. These companies captured the share of this ACS market by providing home automation and digital security systems. Asia Pacific is also growing in this market at the second position by the increase in the demand and digitalization of the industries as well as cities.

"Key Players Transforming The Control System Via Advanced Techniques And Global Strategy"

Many prominent industry players are operating in this market focused on providing high quality ACSs. However, there are many companies in the market that uses some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

• Ring (Amazon) (U.S.)
• ZKTeco (China)
• Salto Systems (Spain)
• Hikvision (China)
• ASSA ABLOY (Sweden)
• BOSCH (Germany)
• Johnson Controls (Ireland)
• Dormakaba (Switzerland)
• GU Group (Japan)
• Suprema (South Korea)
• Dahua (China)
• Anviz (U.S.)
• Honeywell (U.S.)
• SIEGENIA GROUP (Germany)
• Apollo (U.S.)
• ACTi Corporation (Taiwan)

April 2021: NCE Corporation, a multinational IT and Electronics company based in Japan, has announced a service of facial recognition through electronic customs procedure system at the NAHA Airport (Okinawa, Japan) in the customs inspection areas.

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