Pedestrian Access Control Systems – Market Analysis & Opportunity Assessment, 2014 - 2020
Oct 15, 2014 | Chemicals & Materials | FMI
Security concerns are receiving urgent attention these days in residential, commercial and industrial, defense, and government sectors. There is a need to tackle growing threat from anti-social elements across the world in a more sophisticated and robust manner. Pedestrian access control systems are one among the available solutions for the same.These include biometric systems, security entrance lanes, swing gates, tripod turnstiles, security doors, and metal detector systems.
Pedestrian access control systems are increasingly being installed in corporate offices, research laboratories, industries, railway stations, airport terminals, shopping malls, multiplexes, government offices, and other public and private infrastructures. Market drivers identified in this segment are growing security concerns, crowd management, need for pedestrian and entrants’ record management, prevention of archeological sites from physical threat, and ensuring public safety. The growing field of event management, organization of sporting events and cultural events, and mass gatherings are further driving the need for pedestrian access control systems. A macroeconomic view indicatesthat governments especially in developing regions allocate significant share of their budget for homeland security enhancement and infrastructure.Safety regulations and push from the government are helping to increase the degree of awareness among end-users.
The marketplace for pedestrian access control systems is largely fragmented, with the existenceof a large number of domestic and regional players across the globe. The market growth for these systems in developed economies is likely to be between 7% and 10%, whereas in developing regions the growth may even exceed 15% in the next five years. Some of the market players in this segment are Turnstar, Solus, PERCo, Magnetic Autocontrol Pvt. Ltd., MAGNET Security & Automation, and FAAC Group.