China Access Control Market Size (2024 - 2029)

China Access Control Market Analysis

The China Access Control Market size is estimated at USD 1.23 billion in 2024, and is expected to reach USD 1.95 billion by 2029, growing at a CAGR of 9.61% during the forecast period (2024-2029).

The market's growth is driven by the increasing demand for security applications such as biometric readers, card readers, electronics locks, and others across the residential, commercial, and other end-user industries. The rising adoption of contactless payments post-COVID-19 pandemic further accelerated market growth. Biometric readers enable the authentication of payments without contact and without a physical card. It makes payment more secure and convenient.

Primarily owing to the rapidly growing security concerns, coupled with the increasing crime rates in the country, access control solutions are increasingly being deployed in data centers, office premises, hotels, entertainment stores, retail stores, government institutions, and banks in China.

Factors such as the increasing installation of these systems across the commercial and defense sectors have been instrumental in driving market growth in the country. Various private and government entities are significantly investing in enhanced security systems for data protection and providing a safer and more secure environment for employees.

One of the biggest threats to e-commerce globally is online fraud. According to the China Ministry of Public Safety, from January to November 2023, 391,000 cases of telecom fraud and online fraud were solved. The GSMA, channel partners, and mobile operators are focused on addressing online crime through the initial launches of the GSMA's Open Gateway API. For instance, in 2024, China's leading mobile operators, including China Telecom, China Mobile, and China Unicom, launched the One Time Password (OTP) Application Programming Interface after getting GSMA Open Gateway certification. With the growing number of credit card frauds and bank frauds and increased adoption of mobile payments, telecom operators are focusing on increasing security.

The higher cost of the initial deployment of smart access control systems may restrict market growth. It also takes more time to initiate a code, and biometric systems have a very high incidence of system failure. Lack of technical knowledge and failure of the system due to network loss further hamper market growth.

China Access Control Industry Segmentation

Access control products allow the end users to authenticate the personnel accessing an organization's physical infrastructure. Securing a location, such as a building, parking lot, or office space, is known as physical access control. The study tracks the revenue accrued through the sale of access control hardware and software by various players in China. The study also tracks the key market parameters, underlying growth influencers, and major vendors, supporting market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market.

The Chinese access control market is segmented by type (card reader & access control devices (card-based, proximity, and smart card (contact and contactless)), biometric readers, electronic locks, and software) and end-user vertical (commercial, residential, government, industrial, transport & logistics, healthcare, and military & defense). The market sizes and forecasts are provided in terms of value (USD) for all the segments.