Market Overview

The Access Controls Market in the US by Product: Forecast to 2021 - Construction Activity and Shift Toward Newer Technologies Drives Demand in Key Markets - ResearchAndMarkets.com

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The "Access
Controls in the US by Product and Market"
report has been added
to ResearchAndMarkets.com's offering.

This study presents historical demand data (2006, 2011 and 2016) and
forecast (2021) by product (biometric, card-based, keypad/combination)
and market (trade and distribution, government, financial, educational,
industrial, services, healthcare, air transport, offices, consumer,
lodging, other nonresidential).

The study also evaluates company market share and competitive analysis
on industry competitors, including:

  • Allegion
  • ASSA ABLOY
  • Robert Bosch
  • dorma+kaba
  • Honeywell International
  • Johnson Controls
  • OT-Morpho
  • United Technologies

Access Control Sales Driven by Both New Construction and Upgrades

Sales of access control systems in the US will be driven by:

  • rising new construction activity, which will support sales of new
    systems as the number of potential end users expands
  • demand for upgrades as newer technologies are adopted, particularly as
    interest in multi-credential and interoperable systems continues to
    rise
  • declining product costs, which make higher security systems more
    affordable to a wider variety of end users

Faster gains will be limited to a certain extent by the balance between
end users' perceived risk of and their willingness to invest in access
control systems. Even as biometric technology comes down in price, the
cost of these systems still outweighs the needs of all but the highest
security locations. Similarly, lower cost, more basic electronic systems
compete with mechanical locks, which provide similar levels of security
at a lower cost.

Key Findings

Mobile and Other Multi-Credential Systems Provide Opportunities for
Growth

Gains will result from the increasing trend toward systems that
incorporate multiple credentials in one system. Multi-credential systems
minimize the risk of access by unauthorized individuals by requiring
verification of more than one of the following:

  • who they are (e.g., fingerprint, retinal)
  • what they have (a card, fob, or mobile credential)
  • what they know (a passcode)

The use of mobile credentials has seen particularly strong gains in a
variety of settings, including lodging establishments, offices,
universities, and some government facilities. The use of these systems
has provided a particular boost to sales of the higher value card-based
and biometric segments, since most multi-credential systems incorporate
at least one of these technologies and are classified here by the most
secure technology.

Construction Activity and Shift Toward Newer Technologies Drives
Demand in Key Markets

Through 2021, gains will be particularly strong in markets where at
least one of two key trends is taking place:

  • strong new construction activity, resulting in demand for new
    installations
  • increasing adoption of newer, higher value technologies, which will
    spur upgrade demand

For example, accelerating construction activity in healthcare and
education facilities will result in above average increases in new
access control system sales for both markets. Sales to the government
market are also expected to be above the industry average, boosted by a
shift within the Department of Defense toward higher security biometric
readers.

For more information about this report visit https://www.researchandmarkets.com/research/4c66sj/the_access?w=4

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