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Access Control Reader Market Size - By Reader Type (Card-based Reader, Biometric Reader, Multi-technology Reader), By Smart Card Technology (iCLASS, MIFARE, DESFire, LEGIC Advant), By End-use Industry & Forecast, 2024 - 2032
Report ID: GMI8981
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Published Date: April 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 302
Countries covered: 21
Pages: 250
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Access Control Reader Market Size
Access Control Reader Market size was valued at USD 4.5 billion in 2023 and is estimated to register a CAGR of over 13.5% between 2024 and 2032. Smart cities prioritize the safety and security of their citizens and infrastructure. As urban areas grow and become more technologically integrated, there is a heightened need for advanced security systems including access control readers to manage & monitor access to sensitive areas, public buildings, and critical infrastructure. The expansion of smart cities and urban infrastructure is a significant factor boosting the growth of the market.
For instance, in October 2022, Honeywell collaborated with Accelerator for America to launch the Honeywell Smart City Accelerator Program, aiming to help cities strategically plan their futures and build capacity to fund transformational initiatives. To expedite the development of its strategic planning for smart cities, Honeywell collaborated with five American cities to offer in-kind support.
The cities are Waterloo in Iowa; Cleveland in Ohio; Louisville in Kentucky; Kansas City in Missouri; and San Diego in California. Smart cities aim to enhance public services and facilities, requiring controlled access to various community resources such as libraries, recreational centers, and public transportation systems. Access control readers facilitate this by ensuring that only authorized individuals can access these services, improving the overall efficiency and user experience.
Access control readers are being increasingly integrated with other smart city technologies such as IoT devices, surveillance cameras, and data analytics platforms. This integration allows for more sophisticated security and facility management solutions, contributing to safer & more efficient urban environments.
The initial costs for purchasing and installing sophisticated access control systems including advanced readers can be significant. This financial barrier can deter Small & Medium-sized Enterprises (SME) or organizations with limited budgets from adopting these technologies. Access control readers, particularly those utilizing advanced technologies including biometrics or mobile access, come with higher price tags.
The costs include hardware, software licenses, and integration capabilities. For organizations looking to secure multiple entry points, the cumulative expense can be substantial. The installation process for access control systems can be complex, requiring professional services for proper setup and configuration. This is especially true for systems that need to be integrated with other security measures or those installed in challenging physical environments.
Access Control Reader Market Trends
Access control systems are increasingly being integrated with Internet of Things (IoT) devices and smart building management systems. This trend enables automated adjustments of lighting, heating, and cooling systems based on occupancy and enhanced security monitoring & management. The convergence of access control with building automation systems represents a move toward holistic building management solutions that emphasize sustainability and operational efficiency.
Cloud-based access control solutions are becoming more prevalent, offering scalability, remote management capabilities, and reduced infrastructure costs. These systems enable administrators to manage access permissions remotely, receive real-time alerts, and perform system updates and maintenance with minimal downtime. The rise of cloud-based solutions reflects the broader digital transformation in security management, emphasizing flexibility and accessibility.
Access Control Reader Market Analysis
Based on end-use industry, the access control reader market is divided into commercial, residential, industrial, and government. The commercial segment dominated the global market with a share of over 35% in 2023. Growing concerns about security breaches, theft, and unauthorized access in commercial spaces are boosting the demand for advanced access control readers.
Commercial entities are increasingly recognizing the importance of securing premises to protect assets, data, and personnel, directly contributing to market growth. The integration of access control systems with other building management systems, such as HVAC, lighting, and fire safety, is growing. This integration enhances operational efficiency and user experience, driving the adoption of advanced access control readers in commercial settings.
Based on type, the access control reader market is divided into card-based reader, biometric reader, and multi-technology reader. The biometric reader segment is expected to register a CAGR of over 5% during the forecast period and reach a revenue of over USD 4.5 billion by 2032. Biometric readers provide unmatched security by using unique individual attributes such as fingerprints, facial recognition, iris scans, and voice recognition.
The unparalleled security offered by biometric readers is fueling their adoption. By utilizing unique individual characteristics, such as fingerprints, facial recognition, and iris scans, biometric systems significantly reduce the risk of unauthorized access, addressing growing concerns over security breaches. As identity theft and fraud continue to rise, there is an increasing demand for security solutions that can offer robust protection. Biometric access control systems directly address these concerns by ensuring that access is granted only to authenticated individuals based on their biometric credentials, encouraging organizations to adopt biometric verification methods.
North America dominated the global access control reader market in 2023, accounting for a share of over 30%. North America is at the forefront of technological advancements and innovation, especially in the fields of biometrics, wireless technology, and the Internet of Things (IoT). The integration of these technologies into access control readers makes systems more secure, efficient, and user-friendly, fueling their adoption across various applications. There is a significant push toward the development of smart cities and modern infrastructure projects in North America.
Access control readers play a crucial role in these projects by ensuring secure access to buildings, facilities, and urban areas, contributing to market growth. Moreover, the commercial real estate sector including office spaces, retail outlets, and hospitality venues is witnessing growth and requires effective access control systems to manage entry and ensure safety. The expansion of this sector directly influences the demand for access control readers.
Access Control Reader Market Share
ASSA ABLOY AB and Dormakaba Holding AG hold a significant share of over 10% in the access control reader industry. ASSA ABLOY AB is a leading player in the access control reader industry, renowned for its comprehensive range of innovative and secure access solutions. The company offers a variety of readers, including biometric, RFID, and smart card technologies, catering to diverse security needs across commercial, residential, and institutional sectors globally. ASSA ABLOY's commitment to quality, innovation, and sustainability solidifies its standing in the market.
Dormakaba Holding AG is a prominent entity in the access control reader market, offering an extensive portfolio of security solutions tailored for a wide range of applications. Their products include advanced biometric readers, electronic keypads, and RFID technologies designed to enhance security for commercial, industrial, and institutional environments. Dormakaba’s focus on innovation, reliability, and integration capabilities positions it as a trusted leader in access control.
Access Control Reader Market Companies
Major companies operating in the access control reader industry are:
Access Control Reader Industry News
The access control reader market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2018 to 2032, for the following segments:
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Market, By Reader Type
Market, By Smart Card Technology
Market, By End-use Industry
The above information is provided for the following regions and countries: