According to Future Market Insights (FMI), the industrial access control product demand outlook will remain positive, with sales expected to exceed US$ 3,653.5 Million by 2021. The continued use of access control systems in various industrial sectors such as automotive, paper and pulp, and chemicals is expected to drive the market’s year over year growth to 9.0% in 2021.
The growing use of contactless biometrics such as facial and iris recognition will drive demand for access control solutions in the automotive sector by 10.6%. With impressive growth in the healthcare and BFSI sectors, the market for Iris biometrics is expected to gain traction in the coming years.
According to Future Market Insights (FMI), sales of industrial access control products are expected to cross US$ 3,653.5 Mn by 2021. The continued use of access control systems in a variety of industrial sectors, including automotive, paper and pulp, and chemicals, is anticipated to drive the market’s 9.0% year-over-year growth in 2021.
The need for access control solutions in the automobile industry will grow by 10.6% due to the expansion of contactless biometric applications like facial and iris recognition. In the upcoming years, the iris biometrics market is anticipated to pick up steam thanks to the BFSI and healthcare sectors’ outstanding expansion.
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In the upcoming years, the industry is projected to be driven by evolving security risks as well as worries about data security and privacy. The demand for industrial access control will increase at a 9.0% CAGR between 2021 and 2031 compared to the 8.0% CAGR seen from 2016 to 2020.
Cyberthreats in cyberspace change with time, utilising fresh strategies. Concerns about cyber threats to employ in terrorism, sabotage, and information warfare are quickly expanding on essential infrastructure, including electrical grids, manufacturing sectors, automobile industries, and healthcare systems.
Organizations are increasingly obliged to make security decisions as a result of configuring security-related settings, responding to security-related events and signals, or being mandated to declare security policy and access permissions as the variety of potential threats continues to grow.
Unauthorized entry into regions and mobile device theft are two examples of risks that an access control system can prevent. Attackers may burst through doors, hack into access control smart cards, or tailgate their way into secured locations. Physical intrusion detection systems, biometrics, and alarm systems are some of the defences against these dangers.
Access control is a useful tool for ensuring the security and safety of people, commercial assets, and data. The most extensively used of these systems is based on authentication and authorization.
How is growth being fueled by rising awareness of threats to IT security and cybercrime?
Due to several measures conducted by businesses in various nations, knowledge of cybercrime and security information is considerably rising. Businesses are taking precautions to protect their data and corporate information from a variety of internal and external digital threats both on-premises and in the cloud.
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Industrial access control systems are anticipated to be driven by rising awareness of cybercrimes and data security throughout the forecast period. Additionally, in many nations, like India, China, the U.S., France, Germany, and Japan, the digitalization of workloads is expanding gradually. As a result, businesses are implementing advanced access control technologies, like biometrics and access control solutions.
What effects has the COVID-19 crisis had on the sales of industrial access control?
Beginning in 2020, the COVID-19 pandemic engulfed the entire world. Governments all throughout the world intensified their efforts to respond to the COVID-19 outbreak rapidly. To find and identify infected individuals, facial recognition, geolocation recording, and other biometric technologies are gaining popularity.
However, there are rising concerns about the possibility for coronavirus to spread through fingerprint or hand scanners used to manage facility access. The adoption of fingerprint biometric recognition systems was the primary driver of the enormous rise in the global biometric systems over the last few years.
Some of the worst-affected nations as a result of the COVID-19 outbreak are the United States, Russia, Spain, France, the United Kingdom, Italy, and Germany. These are important centres of manufacturing for industries like autos, transportation, aviation, building, energy, and power.
The possibility of replacing fingerprint personnel tracking systems with a card-based system or face recognition has been raised by a number of government standards, which has opened the door for facial recognition technology. However, according to research, the market for industrial access control manufacturers began to rebound in the first quarter of 2021, and it’s possible that the market as a whole will do the same in the ensuing quarters of 2021.
Industrial Access Control Market by Category
By System Type:
- Fingerprint Access Control Systems
- Face Recognition Access Control Systems
- Iris Recognition Access Control Systems
- Card-Based Access Control Systems
- Others
By Component:
- Hardware
- Fingerprint Scanners
- Facial Recognition Devices
- Iris Scanners
- Smart Cards
- Others
- Software
- Integrated Access Control Software
- Standalone Software/Middleware
- Facial Recognition Software
- Iris Recognition Software
- Others
- Service
- Professional Services
- System Integration & Installation
- Security Consulting
- Support & Maintenance
- Managed Services
- Professional Services
By Industry:
- Energy & Utilities
- Automotive
- Aerospace
- Chemicals
- Pharmaceuticals
- Food & Beverages
- Electronics & Electricals
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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