The North America Access Control Hardware Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 18,071.2 Units, showcasing a growth of 4.7% (2019-2022).
Access control hardware is an indispensable component in security and safety management, playing a pivotal role in safeguarding assets, premises, and sensitive information. As technology evolves at an unprecedented pace, access control hardware has adapted and expanded its capabilities to meet the security demands of the companies. Access control hardware, encompassing a wide array of physical devices and mechanisms, is essential to the broader security ecosystem. These hardware components include card readers, keypads, biometric scanners, electric locks, and control panels, working to grant or deny access to authorized individuals.
The evolution of access control hardware has been closely intertwined with the progression of technology itself. In its early forms, access control primarily relied on physical keys and locks, a system that, while effective to a certain extent, was riddled with vulnerabilities. Lost or stolen keys, unauthorized duplication, and the challenge of managing access rights were just a few of the issues that plagued this conventional approach.
According to the report on Transportation Security by the Government of the United States, despite the COVID-19 pandemic and the temporary reduction in air travel, Transportation Security Administration (TSA) screened approximately 324 million passengers through airport security checkpoints in calendar year 2020 and about 585.3 million passengers in calendar year 2021. In a typical year, the U.S. aviation subsector accommodates approximately 900 million domestic and international passengers through approximately 430 federalized airports. This equates to screening 2.3 million passengers, 1.4 million checked bags, and 5.5 million carry-on bags daily.
The US market dominated the North America Access Control Hardware Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,867.6 million by 2030. The Canada market is experiencing a CAGR of 8.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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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