Asia-Pacific Card-based Access Control Market Share

Market Share of Asia-Pacific Card-based Access Control Industry

The Asia-Pacific card-based access control market has various major players that have been using various strategies, such as new product launches, joint ventures, expansions, partnerships, acquisitions, and others, to increase their footprints in this market, creating intense rivalry among local players. The Asia-Pacific card-based access control market is semi-consolidated. Some of the key players include Honeywell International Inc., Robert Bosch GmbH, Johnson Controls, Siemens, and Tyco Security Products.

• June 2024: Honeywell solidified its position as a premier security solutions provider for the digital era by finalizing the acquisition of Carrier Global Corporation's Global Access Solutions business for a substantial USD 4.95 billion. This strategic move not only bolsters Honeywell's foothold in the security sector but also sets the stage for heightened innovation in the rapidly expanding realm of cloud-based services and solutions. Furthermore, this transaction reinforces Honeywell's strategic alignment around three key megatrends, including automation, and complements its Building Automation segment.
• January 2024: SecuGen has revealed its latest product, the SecuGen IQ SC1 contact smart card reader. This marks the company's debut in the standalone smart card reader market. The reader is equipped with a USB full-speed interface and is capable of reading and writing smart cards at a maximum speed of 600 kbps. According to the company, the device has a lifespan of up to 200,000 card insertion cycles.

Asia-Pacific Card-based Access Control Market Leaders

1. Honeywell International Inc.

2. Robert Bosch GmbH

3. Johnson Controls

4. Siemens AG

5. Tyco Security Products

*Disclaimer: Major Players sorted in no particular order