The Asia Pacific Access Control Hardware Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 16,465.6 Units, showcasing a growth of 6% (2019-2022).
The residential sector benefits from electronic locks and mobile access solutions, offering homeowners a convenient and secure way to control entry to their homes. Access control hardware forms the first line of defense against unauthorized access in critical infrastructure, such as airports and government facilities, contributing to national security. Furthermore, integrating cloud-based and IoT-enabled access control systems has expanded the scope of applications, making it easier to manage and monitor access remotely while adapting to evolving security needs. These are a versatile tool used across diverse sectors to ensure security, efficiency, and peace of mind.
Furthermore, smart card technology has become a popular choice for organizations seeking to enhance the security of their access control systems. Smart card readers provide a secure means of authentication. Smart cards contain embedded microprocessors and memory, which can store sensitive information securely. To gain access, users must present a valid smart card to the reader, which verifies the card's authenticity before granting access.
The Chinese government has been actively promoting the development of the security industry. This includes initiatives to improve public safety by installing surveillance cameras and access control systems. For example, in Xinjiang, China, the government has implemented a region-wide surveillance and access control system to monitor public spaces and track the movement of individuals. Moreover, the Indian government has also been enhancing security by implementing access control technology in public spaces and government buildings. For instance, the "Safe City" projects in various Indian cities aim to improve public safety by deploying surveillance cameras and access control systems. Owing to these factors, the market is expected to grow rapidly in the coming years in the Asia Pacific region.
The China market dominated the Asia Pacific Access Control Hardware Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $613 million by 2030. The Japan market is registering a CAGR of 6.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.2% during (2023 - 2030).
Based on Application, the market is segmented into Card-based Readers, Biometric Readers, Multi-technology Readers, Electronic Locks, Access Controllers, and Others. Based on Vertical, the market is segmented into BFSI, Government & Defense, Defense & Aerospace, Healthcare & Lifesciences, Manufacturing, Transportation & Logistics, IT & Telecom, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Access Control Hardware Market is Predict to reach $7.6 Billion by 2030, at a CAGR of 6.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bosch Security Systems GmbH (Robert Bosch GmbH), Suprema, Inc., Cisco Systems, Inc., Johnson Controls International PLC, Schneider Electric SE, Siemens AG, Honeywell International, Inc., Thales Group S.A., Southco, Inc. (Touchpoint, Inc.) and Hanwha Vision Co., Ltd. (Hanwha Corporation)
By Application (Volume, Units, USD Million, 2019-2030)
By Vertical (Volume, Units, USD Million, 2019-2030)
By Country (Volume, Units, USD Million, 2019-2030)
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