India Access Control Hardware Market Size (2024 - 2029)

The Indian access control hardware market is experiencing growth driven by increasing security concerns and the rising incidence of crime, which have led to widespread adoption in various sectors such as defense, commercial, and public institutions. The market's expansion is supported by investments from both private and public entities, although challenges such as high installation costs and a lack of awareness about modern security solutions hinder further growth. Technological advancements in biometrics and contactless smart cards are creating new opportunities, while the COVID-19 pandemic has heightened the demand for access control systems to manage workplace safety and health protocols.

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Market Size of India Access Control Hardware Industry

Indian Access Control Hardware Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.60 %
Market Concentration Medium

Major Players

India Access Control Hardware Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Access Control Hardware Market Analysis

The Indian access control hardware market is projected to register a CAGR of 7.3% during the forecast period (2022 to 2027). The access control hardware systems can either use biometric or proximity/smart cards. Because of escalating security concerns and rising crime rates in India, these devices are widely used in data centers, workplaces, hotels, retail stores, entertainment stores, government organizations, banks, etc.

  • Rapid installation of access control hardware systems throughout the defense and commercial sectors and investment from different private and public bodies have fueled the expansion of the Indian access control systems market. However, a lack of awareness about the benefits of modern security solutions and high installation costs for access control systems in workplaces are impeding the market growth.
  • In India, rising crime rates and the introduction of technologically sophisticated & contactless smart cards for various applications will create new opportunities for market participants over the coming years.
  • The advancement in biometrics, blockchain authentication, and others attracts customers to adopt access control systems. Furthermore, biometrics for security is identified as a significant investment in developing technology parks and manufacturing enterprises. Because new security systems are more expensive, many end-users are unwilling to replace existing biometric authentication systems, which benefits the growth of the access control market.
  • The COVID-19 pandemic increased the need for access control management among many organizations to manage employees in the workplace. With social distancing norms and the fear of virus spread, the necessity to check persons entering a property for their temperature using biometrics and vein recognition technology aids in the identification of people who may contaminate with illnesses and viruses. Furthermore, because workplaces are prime locations for viruses like COVID-19 to spread, there has been a significant shift in coronavirus office policies. As a result, the demand for access control skyrocketed during the COVID-19 pandemic.

India Access Control Hardware Industry Segmentation

The access control hardware industry is expanding as consumers become more interested in using cost-effective security systems. Furthermore, the desire for wireless and IoT-based security systems in different applications and rising urbanization are projected to drive the access control hardware market forward in the near future.

The Indian Access Control Hardware Market is segmented based on the Industrial Verticals (IT and Telecom, BFSI, Defense and Aerospace, Manufacturing, Healthcare, Transportation and Logistics, Government, and Others), and by Type (Card Reader and Access Control Devices, Biometric Readers, Electronic Locks and Other Types (Access Control-as-a Service)).

Industrial Verticals
IT and Telecom
BFSI
Defense and Aerospace
Manufacturing
Healthcare
Transportation and Logistics
Government
Others
By Type
Card Reader and Access Control Devices
Biometric Readers
Electronic Locks
Other Types
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India Access Control Hardware Market Size Summary

The access control hardware market in India is experiencing significant growth, driven by increasing security concerns and the rising need for advanced security solutions across various sectors such as defense, commercial, and government organizations. The market is characterized by the adoption of biometric systems and proximity/smart cards, which are becoming essential in locations like data centers, workplaces, hotels, and banks. The COVID-19 pandemic has further accelerated the demand for these systems, as organizations sought to manage workplace safety through technologies like biometrics and vein recognition. Despite the high installation costs and limited awareness of modern security benefits, the market is poised for expansion due to technological advancements and the growing need for secure access control solutions.

The integration of biometric systems with IoT devices and the increasing use of smartphones are expected to further propel the market. Innovations such as the biometric prisoner management app in Tura district jail exemplify the growing adoption of biometric technologies in various applications. The retail and e-commerce sectors are also embracing facial recognition technology for secure and user-friendly payment systems. Partnerships, like the one between IDEMIA and Bosch Building Technologies, highlight the trend towards integrating biometric solutions with existing security systems. The market's growth is supported by the increasing use of access control systems in small and medium-sized enterprises, hospitality, and residential sectors, driven by the need to address security threats and enhance safety measures.

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India Access Control Hardware Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Impact of COVID-19 Analysis

    4. 1.4 Market Drivers

      1. 1.4.1 Increasing adoption of access control system to manage terrorist attacks and organized crimes

      2. 1.4.2 Growing demand for implementation of mobile-based access control

    5. 1.5 Market Restraints

      1. 1.5.1 Intense Competition in the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Industrial Verticals

      1. 2.1.1 IT and Telecom

      2. 2.1.2 BFSI

      3. 2.1.3 Defense and Aerospace

      4. 2.1.4 Manufacturing

      5. 2.1.5 Healthcare

      6. 2.1.6 Transportation and Logistics

      7. 2.1.7 Government

      8. 2.1.8 Others

    2. 2.2 By Type

      1. 2.2.1 Card Reader and Access Control Devices

      2. 2.2.2 Biometric Readers

      3. 2.2.3 Electronic Locks

      4. 2.2.4 Other Types

India Access Control Hardware Market Size FAQs

The India Access Control Hardware Market is projected to register a CAGR of greater than 7.60% during the forecast period (2024-2029)

IDEMIA Ltd., Honeywell International India Pvt. Ltd, Bosch, Mantra Softech (India) Pvt. Ltd and Simenas are the major companies operating in the India Access Control Hardware Market.

Access Control Hardware Market in India Report Snapshots

Access Control Hardware Market in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)