The global market for pedestrian access control systems is expected to be worth US$ 2,693.0 million in 2022 and grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2032, predicts Future Market Insights. Given the anticipated growth in Pedestrian Access Control System sales, it is anticipated that the top 3 nations would hold between 26 and 28% of the market by the end of 2022.
The security concerns are something which needs urgent attention these days be it residential, commercial, and industrial, defense, or government sector. Growing threats from anti-social elements across the world need to be tackled in more sophisticated and robust manner. Pedestrian access control systems are one among the available solutions for the same. Pedestrian access control system are designed to identify and allow fast access to those who have authorized permissions. These systems are mainly used to control the flow of people at commonly visited sites.
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Major applications of pedestrian access control system are security entrance lanes (banks, insurance companies, office buildings, headquarters, administrative sites, and airports, governmental and institutional establishments), swing gates (sports or leisure complexes, military and nuclear sites, hospital and health centers), tripod turnstiles (universities and colleges, shopping centers, community centers, sports and leisure centers) and full height turnstiles (military, pharmaceutical, nuclear, data center and airports). Pedestrian access control system have now become critically important due to high security reasons in every part of the world. The automated pedestrian access control system continues to gain attention of big organizations. With growing need to secure data and pedestrian traffic management, these access control systems is anticipated to be the major target market in near future.
Pedestrian Access Control SystemMarket: Region-wise Outlook
The marketplace for pedestrian access control systems is largely fragmented and large number of domestic and regional players exists across the globe. The market growth in developed economies for these systems is expected between 7% and 10% whereas in developing regions the growth may even exceed 15% during coming five years. With advancement in technology, increased investment in residential and commercial sectors and overall economic growth, Asia-Pacific is estimated to be the fastest growing market for pedestrian access control systems. India and china will serve as the most attractive market due to increased foreign investment and rise in crime rates.
Key Companies Profiled
- Turnstar
- Solus
- PERCo
- Magnetic Autocontrol Pvt. Ltd.
- Magnet Security & Automation System Solution
- FAAC Group
- Nortek Control
- KABA Group
- Bosch Sicherheitssysteme GmbH
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Key Segments Profiled in the Pedestrian Access Control System Market
By Type, Pedestrian Access Control System Market is segmented as:
- Gates
- Turnstiles
By End Uses, Pedestrian Access Control System Market is segmented as:
- Banking/Financial Services
- IT Services
- Hospitality
- Retail
- Others
By Region, Pedestrian Access Control System Market is segmented as:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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