How big is the South Korea Access Control Market?

The South Korea Access Control Market size is expected to reach USD 400 million in 2024 and grow at a CAGR of 7.52% to reach USD 617.79 million by 2029. Read More

What is the current South Korea Access Control Market size?

In 2024, the South Korea Access Control Market size is expected to reach USD 400 million. Read More

Who are the key players in South Korea Access Control Market?

Thales Group, Bosch Security System Inc., Honeywell International Inc, Tyco International PLC (Johnson Controls) and Allegion PLC are the major companies operating in the South Korea Access Control Market. Read More

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

In 2023, the South Korea Access Control Market size was estimated at USD 369.92 million. The report covers the South Korea Access Control Market historical market size for years: 2022 and 2023. The report also forecasts the South Korea Access Control Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

South Korea Access Control Market Size & Share Analysis - Industry Research Report

South Korea Access Control Market Size and Share Analysis - Growth Trends and Forecasts (2024 - 2029)

The South Korean Access Control Market Report is Segmented by Type (Card Reader and Access Control Devices (Card-Based, Proximity, Smart Card (Contact and Contactless)), Biometric Readers, Electronic Locks, and Software) and End-User Vertical (Commercial, Residential, Government, Industrial, Transport and Logistics, Healthcare, and Military and Defense). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Segments.

South Korea Access Control Industry Overview

The South Korean access control market is fragmented 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 are Hikvision, Schneider Electric SE, Allegion PLC, NEC Corporation, Panasonic Corporation, Thales Group, Bosch Security System Inc., and Suprema Inc.

February 2024: Suprema Inc. developed an on-device biometric authentication process that incorporates businesses’ physical access control systems. The new Template on Mobile (ToM) has been developed to allow access authentication with facial biometrics and secure customers' privacy from data breaches.
March 2024: Allegion PLC launched a new electronic lock portfolio, the Schlage XE360 Series Wireless Locks. The XE360 Series is an affordable and versatile solution to build secure and safe communities for residents and increase the multifamily living experience.