How big is the Access Control Market?

The Access Control Market size is expected to reach USD 3.52 billion in 2024 and grow at a CAGR of 8.09% to reach USD 5.20 billion by 2029. Read More

What is the current Access Control Market size?

In 2024, the Access Control Market size is expected to reach USD 3.52 billion. Read More

Who are the key players in Access Control Market?

Suprema Inc., Hanwha Techwin Co. Ltd, Thales Group (Gemalto NV), Bosch Security System Inc. and Honeywell International Inc are the major companies operating in the Access Control Market. Read More

Which is the fastest growing region in Access Control Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Access Control Market?

In 2024, the North America accounts for the largest market share in Access Control Market. Read More

What years does this Access Control Market cover, and what was the market size in 2023?

In 2023, the Access Control Market size was estimated at USD 3.26 billion. The report covers the Access Control Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Access Control Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key drivers of the Access Control Market?

Key factors driving the Access Control Market are a) Heightened security concerns b) Technological advancements c) Increasing adoption of IoT-based security systems Read More

Access Control Market Report | Industry Analysis, Size & Growth Outlook

Access Control Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The report covers Electronic Access Control Systems Market Share and is segmented by Type (Card Reader & Access Control Devices (Card-based, Proximity, and Smart Card (Contact and Contactless)), Biometric Readers, Electronic Locks, and Software), End-user Vertical (Commercial, Residential, Government, Industrial, Transport & Logistics, Healthcare, Military & Defense, and Other End-User Verticals) and Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific), and the Rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the segments.

Access Control Industry Overview

The access control market is highly competitive and comprised of both global and regional players striving for a larger share in a fiercely contested space. Despite the high barriers to entry, several new entrants have successfully made a mark in the market. Some of the notable players in the industry include Suprema Inc., Hanwha Vision (formerly known as Hanwha Techwin Co. Ltd), Thales Group (Gemalto NV), Bosch Security System Inc., Honeywell International Inc., and others.

In March 2023, Hanwha Techwin was rebranded as Hanwha Vision, signaling the start of the company's journey to become a global vision solution provider. The company aims to leverage its core strengths and vision technology to offer innovative solutions that solve the challenges faced by its customers and create new value.

In October 2022, ASSA ABLOY AB completed the acquisition of ALCEA, a French-based access control solutions provider. ALCEA will be integrated into ASSA ABLOY's Critical Infrastructure business portfolio, enabling the company to enhance its presence in critical infrastructure protection environments and expand its product access-centered product portfolio. This acquisition is in line with the company's strategic vision to strengthen its position in the access control market.