The Europe Access Control Hardware Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 11,432.0 Units, showcasing a growth of 5.2% (2019-2022).
The advent of electronic access control systems marked a significant turning point. Magnetic stripe cards and keypad entry systems offered improved security and the ability to easily revoke access when necessary. Additionally, these systems still had limitations, such as the risk of card cloning and the inconvenience of remembering PINs. The recent era has witnessed the rise of biometric access control, which has garnered substantial attention due to its unparalleled security. Facial recognition, fingerprint recognition, and iris scanning have become popular identity verification methods, adding an extra layer of security by using unique biological traits for access. This trend is particularly pronounced in high-security applications like government facilities and data centres.
Access control hardware finds extensive application in various sectors and environments, pivotal in enhancing security and controlling access to restricted areas. In corporate settings, access control hardware such as smart card readers, biometric scanners, and electronic locks are employed to safeguard sensitive data centres and limit entry to authorized personnel. Similarly, these systems protect patient records and pharmaceutical supplies in healthcare facilities. Educational institutions use access control hardware to secure campuses and protect students and staff.
Europe faces challenges from the surge of refugees and the safety of its external frontiers. To combat irregular migration, the EU is tightening border controls, enhancing the management of new arrivals, and improving the effectiveness of returns of illegal immigrants. Additionally, it aims to support lawful labour migration and handle asylum applications more effectively. The European Parliament reported that in 2021, roughly 140,000 persons entered the EU illegally. The need for these hardware in the Europe region will increase due to all these factors.
The Germany market dominated the Europe Access Control Hardware Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $502.3 million by 2030. The UK market is exhibiting a CAGR of 5.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 7.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Access Control Hardware Market will Hit $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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