The demand for security systems and Access Control System devices is expected to increase over the coming years owing to upcoming developments under the Eastern Economic corridor
Thailand Access Control System Market report thoroughly covers the market by types, applications, and key regions including the Northern region, North Eastern region, Central region and Southern region. The Thailand Access Control System market outlook report provides an unbiased and detailed analysis of the ongoing Thailand Access Control System market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
Thailand Access Control System Market Synopsis
Thailand Access Control System Market is expected to register growth in the coming time zone. The demand for security systems and Access Control System devices is expected to increase over the coming years owing to upcoming developments under the Eastern Economic corridor. For instance, the expansion of the U-Tapao airport, establishment of smart cities with technologically advanced commercial spaces along with setting up of high speed and double-track railways, expected to be completed by 2021 are likely to propel the demand for Access Control Systems in the country during the forecast period. Moreover, there has been a sharp rise in security concerns after a series of bombs detonated in the Bangkok Metropolitan area in 2019 thereby leading to the growth in the Access Control System market in Thailand. Growing urban population as well as the increasing need to manage and secure data coupled with rising concern to protect assets and utilities with advanced security systems are some of the major factors driving the growth of the Access Control System market in Thailand. Increasing government spending on strengthening the country’s infrastructure is also expected to positively influence market growth over the coming years.
According to the publisher, the Thailand Access Control System Market size is projected to grow at a CAGR of 12.6% during 2020-2026. Government initiatives such as the implementation of fingerprint ID systems to register pre-paid and post-paid mobile sim cards in 2017 propelled the demand for fingerprint-based biometrics systems in the last few years. Further, rapid development in cloud computing and Access Control System as a service software is expected to further boost the market growth during the forecast period. Additionally, Thailand’s mega-projects such as the High-Speed Rail project connecting three major airports in Thailand scheduled to become operational in 2024 and airport expansion projects including Krabi Airport are expected to further push the demand for Access Control Systems in the market.
Market Analysis by Types
Based on Types, Card reader Access Control Systems currently holds the majority of the market share in 2019, while Biometric systems are expected to gain traction and are likely to grow at a higher rate during the forecast period on account of the higher reliability of these systems for security purposes combined with increasing concerns regarding safety in Thailand. Further, based on Applications, Commercial Offices, Hospitality and Healthcare, Government and Transport, as well as Banking and Finance segments are likely to grow their market share during the forecast period
Key Attractiveness of the Report:
- COVID-19 Impact on the Market
- 10 Years Market Numbers
- Historical Data Starting from 2016 to 2019
- Base Year: 2019
- Forecast Data until 2026
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Key Highlights of the Report:
- Historical Data of Thailand Access Control System Market Revenues for the Period 2016-2019
- Market Size & Forecast of Thailand Access Control System Market Revenues, Until 2026
- Historical Data of Thailand Access Control System Market Revenues, by Types for the Period 2016-2019
- Market Size & Forecast of Thailand Access Control System Market Revenues by Types Until 2026
- Historical Data of Thailand Access Control System Market Revenues by Applications for the Period 2016-2019
- Market Size & Forecast of Thailand Access Control System Market Revenues by Applications, Until 2026
- Historical Data of Thailand Access Control System Market Revenues by Regions for the Period 2016-2019
- Market Size & Forecast of Thailand Access Control System Market Revenues by Regions, Until 2026
- Market Drivers and Restraints
- Market Trends and Developments
- Player Market Share and Competitive Landscape
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
- Card Reader Access Control Systems
- Contact Card Reader Access Control Systems
- Contactless Card Reader Access Control Systems
- Biometric Access Control Systems
- Fingerprint Biometric Access Control Systems
- Iris Biometric Access Control Systems
- Other Biometric Access Control Systems
By Applications
- Banking and Finance
- Government and Transportation
- Retail and Logistics
- Commercial Offices
- Industrial and Manufacturing
- Residential
- Hospitality and Healthcare
- Educational Institutions
By Regions
- Northern
- Southern
- Central
- North Eastern
Table of Contents
1. Executive Summary
Companies Mentioned
- ASSA ABLOY (Thailand) Ltd.
- Johnson Controls International (Thailand) Co. Ltd.
- Honeywell Systems (Thailand)
- Bosch Security Systems Inc.
- Schneider Electric Thailand
- Chubb (Thailand) Limited
- ZKTeco Co. Ltd.
- AES Group Limited (Bangkok, Thailand)
- HIP Global Co. Ltd.
- Bangkok OA Coms Co. Ltd.
- Hitachi Ltd.
