The industrial access control market is estimated to be valued at USD 4,285.0 million in 2023 and is expected to reach USD 10,363.1 million by 2033. The adoption of industrial access control is likely to advance at a CAGR of 9.2% during the forecast period.
The industrial access control market encompasses a wide range of technologies and solutions aimed at ensuring secure access management in industrial settings. With increasing concerns over security breaches and the need to protect critical assets, industries are investing in robust access control systems to safeguard their premises, data, and personnel.
The market is driven by various factors, including stringent regulations, rising adoption of IoT devices, technological advancements, and increasing awareness of the importance of security. Industrial access control systems include components such as biometric authentication, smart cards, keypads, and electronic locks. These systems provide authorized personnel with seamless and controlled access to restricted areas, preventing unauthorized entry and potential threats.
The demand for industrial access control is witnessing steady growth across sectors such as manufacturing, energy, healthcare, transportation, and logistics. Manufacturers in this market are focused on developing scalable and customizable solutions that cater to the specific needs of different industries. They are integrating advanced technologies like artificial intelligence (AI), machine learning (ML), and cloud computing to enhance security, improve operational efficiency, and enable remote access management.
The integration of access control systems with other security solutions like video surveillance and intrusion detection is becoming increasingly important for a comprehensive security approach.
Overall, the Industrial Access Control market presents a promising landscape for businesses, with a continuous focus on innovation and advanced technologies to meet the evolving security challenges of the industrial sector.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 4,285.0 million |
| Projected Market Size (2033) | USD 10,363.1 million |
| CAGR through (2023 to 2033) | 9.2% |
Evolving security threats and concerns related to data security and privacy are likely to drive the market over the coming years. The industrial access control demand will rise at 9.2% CAGR between 2023 and 2033.
Cyber threats on cyberspace evolve through time capitalizing on new approaches. Concerns regarding cyber threats are rapidly growing on critical infrastructure such as electricity grids, manufacturing sectors, automotive industries and healthcare systems to use in terrorism, sabotage and information warfare.
| Period | Market Size (in USD billion) |
|---|---|
| 2018 | 1600.5 |
| 2022 | 3,653.5 |
| 2022 | 4,285.0 |
| 2033 | 10,363.1 |
As the range of potential threats continues to expand, organizations are increasingly find themselves in a position having to make security decisions, by configuring their security-related settings, responding to security-related events and messages, or enforced to specify security policy and access rights.
Examples of threats that access control system protects against are unauthorized access into areas and theft of mobile devices. Attackers can gain entry into secured areas through tailgating, hacking into access control smart cards or breaking in through doors. Defenses for these threats include physical intrusion detection systems, biometrics, and alarm systems.
Access control is an effective method to ensure the safety and security of humans, industrial assets and data. These systems are based on authentication and authorization and are the most widely used strategy for data security prevention and protection in data systems. It can restrict access to key resources and prevent intrusion of illegal users or inadvertent operation of legitimate users.
Owing to the various initiatives undertaken by companies across various countries, awareness about cybercrime and security data is increasing significantly. Companies are taking steps to secure their data and enterprise information from various internal and external digital attacks on the cloud as well as on-premise.
Increasing awareness about cybercrimes and data security is expected to drive the industrial access control systems during the forecast period. Furthermore, the digitization of workloads is growing steadily in various countries, such as India, China, the USA, France, Germany, and Japan, and enterprises are adopting advance access control technologies such as biometrics and access control solutions.
While this exposes new endpoints to cyber-attacks and digital frauds, it also provides significant opportunities for the adoption of access control solutions.
United States is a leading market for industrial access control system in North America according to Future Market Insights. Government of the United States. has adopted various initiatives to ascertain advanced security of United States residents.
It also has adopted access control systems to securely enroll, issue, and verify physical and digital identity credentials for millions of United States residents. According to the study, the United States is expected to account for over 29.4% of the North America market through 2033.
The industrial sector is among the largest and most influential sectors of the United States economy. According to ACS estimates, the number of people employed in the United States manufacturing industry and sub-sectors has been growing at a rate of 0.41%, from 15.4M people in 2017 to 15.5M people in 2018.
The country also exhibits the presence of several key vendors such as Honeywell International Inc., NEC Corporation, Identiv, Inc., and 3M Company who develops advanced access control technology for industrial sectors. Over the years, the country’s spending on access control has greatly increased, which is ultimately propelling the demand of access control systems.
Demand in the United Kingdom market is expected to rise at nearly 8.9% CAGR over the forecast period. In the United Kingdom critical infrastructures such as manufacturing plants, power & energy plants, and oil & gas sectors have become increasingly dependent on digital technologies to run their core business. Cybercrime and internal threats are increasing in number and sophistication across United Kingdom and other major countries in Europe.
The ransomware attack on Colonial Pipeline Co. in the month of May 2020, ignited concerns about cybersecurity in Europe, where lawmakers are drafting laws that will apply to energy firms and other critical infrastructure. Such attacks on critical infrastructure demonstrate why cyber security is increasingly on the national agenda for governments and firms in the United Kingdom and Europe.
Due to the rise in digital transformation, coupled with increasing cyber threats and attacks on critical infrastructures in the United Kingdom. and other countries of Europe propels the demand for access control solutions in the country.
India is expected to rise at nearly 10.4% CAGR over the forecast period. Industrial facilities in India, particularly the power sector, are showing early signs of higher demand for cyber security systems as operations increasingly turn digital. Digitally connected industries across India have become more vulnerable to attackers who are looking to exploit resources and data.
Most of the industrial organizations have lack of effective cyber security measures within their IoT-enabled production environments which is posing a serious threat to the future of cyber security in the world and India.
The prominent factor contributing to the high growth rate for access control solutions in India is increasing industrialization in India. The country has many established small as well as large industrial organizations, which are growing at an exponential rate to cater to large customer bases.
Based on system type, fingerprint access control systems segment is expected to grow at a high pace, accounting market share of nearly 34.2% of the market in 2033. The rapid growth of the fingerprint access control systems segment can be attributed to its superior security, accuracy, and user-friendly experience. With increasing demand for robust authentication solutions, fingerprint access control systems offer a reliable and efficient method for access management. Their widespread adoption across various industries and applications is projected to drive significant market share, making them a key player in the industrial access control market by 2033.
In the industrial access control research study, automotive, electronics & electrical, and energy & utilities industries revenue totaled USD 2,000 million for 2023.
By industry segment, electronics & electrical segment is dominating the global industrial access control system market. The segment is estimated to account for a market share of 23.5% by the end of 2023.
However, the automotive segment is estimated to grow the fastest during the forecast period. The segment is projected to witness a CAGR of 10.6% during the forecast period 2023 to 33.
Information and data security is becoming the top priority for industrial organizations to secure their information and other digital assets from insider as well as outside threats. The latter goal largely depends on guaranteeing a safe and secure place for workers, visitors, plant managers, and other leaders.
An order to create the most secure environment across the industrial plant, it has become highly necessary for organizations to implement integrated access control solutions that layer several different technologies and work in conjunction with a comprehensive contingency plan to help increase overall human and asset protection.
Access Control is, therefore, a best way to seamlessly fuse these solutions and assist the industrial organizations by providing highest level of safety, security and productivity with greater efficiency. Several industrial organizations such as automotive, healthcare, energy & utilities, manufacturing, are continuously adopting access management solutions to ensure that only authorized individuals have access to their resources at the right time and for the right reasons.
The fingerprint biometrics systems are expected to contribute maximum revenue share of 36.1% in the global market of industrial access control in the year 2023.
Biometrics systems are automated methods of recognizing an individual based on their physiological or behavioral characteristic. Fingerprint biometrics is a major segment of biometrics systems. Fingerprint biometric technology is used to match the fingerprint patterns of an individual with the internal database to verify individual’s identity.
The technology is used in numerous applications including physical access control, time and attendance, smart devices, law enforcement, and among other. The rise in document and identity theft, along with increasing threats such as terrorism or cybercrime, and the changes in international regulations are some of the major factors that would drive the demand of fingerprint biometric solution in industrial access control market.
The competitive landscape of the industrial access control market is characterized by the presence of several key players and a mix of large multinational companies, regional players, and niche solution providers.
Companies such as Honeywell, Bosch Security Systems, and Johnson Controls, dominate the market with their extensive product portfolios and global presence. These established players leverage their brand reputation, technological expertise, and strong customer relationships to maintain a competitive edge.
There are also emerging players that focus on niche segments, offering specialized access control solutions tailored to specific industries or unique customer requirements. The competitive dynamics are driven by factors like product innovation, strategic partnerships, mergers and acquisitions, and the ability to provide comprehensive and scalable solutions that address evolving security challenges.
Continuous technological advancements and a customer-centric approach will be crucial for companies to gain a competitive advantage in this rapidly evolving market.
Strategies for Industrial Access Control Manufacturers to Expand in the Market
Recent Developments in the Industrial Access Control Industry:
| Attribute | Details |
|---|---|
| Market Value in 2023 | USD 4,285.0 million |
| Market Value in 2033 | USD 10,363.1 million |
| Growth Rate | CAGR of 9.2% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | System Type, Component, Industry, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Honeywell International Inc.; Bosch Security and Safety Systems; Matrix Comsec Pvt. Ltd.; HID Global; BioEnable Technologies Pvt Ltd.; Paxton Access Ltd.; Assa Abloy AB; NEC Corporation; 3M; Johnson Controls; Thales Group; Dormakaba Holding AG; Identiv; STANLEY Convergent Security Solutions, Inc.; Secom Co., Ltd. |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by System Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Component, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 8: Global Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by System Type, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 14: North America Market Volume (Units) Forecast by Component, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 16: North America Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 19: Latin America Market Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 20: Latin America Market Volume (Units) Forecast by System Type, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 22: Latin America Market Volume (Units) Forecast by Component, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 24: Latin America Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Europe Market Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 28: Europe Market Volume (Units) Forecast by System Type, 2018 to 2033
Table 29: Europe Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 30: Europe Market Volume (Units) Forecast by Component, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 32: Europe Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 36: Asia Pacific Market Volume (Units) Forecast by System Type, 2018 to 2033
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 38: Asia Pacific Market Volume (Units) Forecast by Component, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 40: Asia Pacific Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by System Type, 2018 to 2033
Table 44: MEA Market Volume (Units) Forecast by System Type, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 46: MEA Market Volume (Units) Forecast by Component, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 48: MEA Market Volume (Units) Forecast by Industry, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by System Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Component, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Industry, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 10: Global Market Volume (Units) Analysis by System Type, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 14: Global Market Volume (Units) Analysis by Component, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 18: Global Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 21: Global Market Attractiveness by System Type, 2023 to 2033
Figure 22: Global Market Attractiveness by Component, 2023 to 2033
Figure 23: Global Market Attractiveness by Industry, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by System Type, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Component, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by Industry, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 34: North America Market Volume (Units) Analysis by System Type, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 38: North America Market Volume (Units) Analysis by Component, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 42: North America Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 45: North America Market Attractiveness by System Type, 2023 to 2033
Figure 46: North America Market Attractiveness by Component, 2023 to 2033
Figure 47: North America Market Attractiveness by Industry, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by System Type, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Component, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by Industry, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 58: Latin America Market Volume (Units) Analysis by System Type, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 62: Latin America Market Volume (Units) Analysis by Component, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 66: Latin America Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 69: Latin America Market Attractiveness by System Type, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Component, 2023 to 2033
Figure 71: Latin America Market Attractiveness by Industry, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by System Type, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Component, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by Industry, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 82: Europe Market Volume (Units) Analysis by System Type, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 86: Europe Market Volume (Units) Analysis by Component, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 90: Europe Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 93: Europe Market Attractiveness by System Type, 2023 to 2033
Figure 94: Europe Market Attractiveness by Component, 2023 to 2033
Figure 95: Europe Market Attractiveness by Industry, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by System Type, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Component, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by Industry, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Units) Analysis by System Type, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Units) Analysis by Component, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by System Type, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Component, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by Industry, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by System Type, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Component, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by Industry, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by System Type, 2018 to 2033
Figure 130: MEA Market Volume (Units) Analysis by System Type, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by System Type, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by System Type, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 134: MEA Market Volume (Units) Analysis by Component, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 138: MEA Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 141: MEA Market Attractiveness by System Type, 2023 to 2033
Figure 142: MEA Market Attractiveness by Component, 2023 to 2033
Figure 143: MEA Market Attractiveness by Industry, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
The market is valued at USD 4,285 million in 2023.
Honeywell International, 3M, and Johnson Controls are key market players.
Fingerprint access control is likely to remain preferred through 2033.
The market will register a 9.2% CAGR through 2033.
By 2033, the market will reach USD 10,363.1 million.
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Industrial Access Control Market
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