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Physical Access Control System Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5709805
Major players in the physical access control system market are Honeywell Commercial Security, Bosch Security and Safety Systems, Safran Security, Assa Abloy AB, Tyco, Axis Communications, Allegion plc Ltd, Aiphone Co, TKH Group NV, Avigilon Corporation, Johnson Controls International Plc, Brivo Systems LLC, United Technologies Corporation, Identiv, Secugen Corporation, and Paxton Access.

The global physical access control system market is expected to grow from $7.42 billion in 2021 to $8.30 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The physical access control system market is expected to reach $12.34 billion in 2026 at a CAGR of 10.4%.

The physical access control systems market consists of revenues earned by entities by providing physical access control systems services such as video surveillance, mobile access control serivces, dual-factor authentication, role-based access control. The market value includes the value of related goods sold by the service provider or included within the service offering. The physical access control systems market also includes sales of door locks, turnstiles, security gate systems, and elevators which are used in providing physical access control systems services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Physical access control systems are electronic systems and services that limit the ability of individuals or vehicles to enter a protected area by authenticating and authorising them at access control points. It allows employees and contractors who work or visit a location to gain access by electronically confirming their PIV credentials.

North America was the largest region in the physical access control system market in 2021. The regions covered in the physical access control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main components of physical access control system are hardware, software, and services. Hardware is a physical component of a computer system that includes the circuit board, integrated circuits (ICs), and other devices. It is used to store and run the written instructions provided by the software of physical access control system. The different technology include keypads-based PACS, card-based PACS, biometric PACS, that are used by BFSI, healthcare, manufacturing, services, communication and media, retail and other corporate, transportation and utilities, other sectors.

The rising adoption of electronic security systems such as biometrics is expected to propel the growth of the physical access control system market going forward. An electronic security system refers to equipment that could perform security operations such as surveillance, access control, alarm, or intrusion control to a facility or area that uses power from the mains and a power backup. Electronic Security Systems are the physical security systems deployed to integrate into a facility's necessary level of protection. For instance, in 2021, according to Goode Intelligence, a UK-based identity, authentication, and biometrics research and events company, biometrics are used by 73% of businesses to provide a positive customer and user experience. Additionally, 55% use biometric authentication technologies, and 75% use biometrics for identity verification. Therefore, the rising adoption of electronic security systems will drive the physical access control system market.

Technological Advancements are a key trend gaining popularity in the physical access control system market. Major companies operating in the physical access control system market are focused on developing new technological solutions to strengthen their position. For instance, in February 2020, Openpath Security Inc, a US-based access control and security automation company, launched digital badging capabilities. These capabilities reimagined credential with Custom Designs that has two-way communication and enterprise-grade security capabilities to bridge the physical and digital security gaps. It also allows users to match their physical ID badge and photo to a digital credential to enhance the security process.

In February 2020, Genea, a US-based software company acquired Sequr Inc for an undisclosed amount. With this acquisition, Genea added the most effective cloud-based physical access control solution to its technology portfolio. Sequr Inc is a US-based company that provides cloud physical access control solutions.

The countries covered in the physical access control system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The physical access control systems market research report is one of a series of new reports that provides physical access control systems market statistics, including physical access control systems industry global market size, regional shares, competitors with a physical access control systems market share, detailed physical access control systems market segments, market trends and opportunities, and any further data you may need to thrive in the physical access control systems industry. This physical access control systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.



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Frequently Asked Questions about the Global Physical Access Control System Market

What is the estimated value of the Global Physical Access Control System Market?

The Global Physical Access Control System Market was estimated to be valued at $8.3 billion in 2022.

What is the growth rate of the Global Physical Access Control System Market?

The growth rate of the Global Physical Access Control System Market is 10.4%, with an estimated value of $12.34 billion by 2026.

What is the forecasted size of the Global Physical Access Control System Market?

The Global Physical Access Control System Market is estimated to be worth $12.34 billion by 2026.

Who are the key companies in the Global Physical Access Control System Market?

Key companies in the Global Physical Access Control System Market include Honeywell Commercial Security, Bosch Security and Safety Systems, Safran Security, Assa Abloy AB, Tyco, Axis Communications, Allegion plc Ltd., Aiphone Co. and Avigilon Corporation.

Table of Contents

1. Executive Summary2. Physical Access Control System Market Characteristics3. Physical Access Control System Market Trends And Strategies
4. Physical Access Control System Market - Macro Economic Scenario
4.1. COVID-19 Impact On Physical Access Control System Market
4.2. Ukraine-Russia War Impact On Physical Access Control System Market
4.3. Impact Of High Inflation On Physical Access Control System Market
5. Physical Access Control System Market Size And Growth
5.1. Global Physical Access Control System Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Physical Access Control System Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Physical Access Control System Market Segmentation
6.1. Global Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hardware
  • Software
  • Services
6.2. Global Physical Access Control System Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Keypads-based PACs
  • Card-based PACs
  • Biometric PACs
6.3. Global Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Banking, Financial Services and Insurance (BFSI)
  • Healthcare
  • Manufacturing
  • Services, Communication and Media
  • Retail and Other Corporate
  • Transportation and Utilities
  • Other End Users
7. Physical Access Control System Market Regional And Country Analysis
7.1. Global Physical Access Control System Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Physical Access Control System Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Physical Access Control System Market
8.1. Asia-Pacific Physical Access Control System Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Physical Access Control System Market
9.1. China Physical Access Control System Market Overview
9.2. China Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Physical Access Control System Market
10.1. India Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Physical Access Control System Market
11.1. Japan Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Physical Access Control System Market
12.1. Australia Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Physical Access Control System Market
13.1. Indonesia Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Physical Access Control System Market
14.1. South Korea Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Physical Access Control System Market
15.1. Western Europe Physical Access Control System Market Overview
15.2. Western Europe Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Physical Access Control System Market
16.1. UK Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Physical Access Control System Market
17.1. Germany Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Physical Access Control System Market
18.1. France Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Physical Access Control System Market
19.1. Eastern Europe Physical Access Control System Market Overview
19.2. Eastern Europe Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Physical Access Control System Market
20.1. Russia Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Physical Access Control System Market
21.1. North America Physical Access Control System Market Overview
21.2. North America Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Physical Access Control System Market
22.1. USA Physical Access Control System Market Overview
22.2. USA Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Physical Access Control System Market
23.1. South America Physical Access Control System Market Overview
23.2. South America Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Physical Access Control System Market
24.1. Brazil Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Physical Access Control System Market
25.1. Middle East Physical Access Control System Market Overview
25.2. Middle East Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Physical Access Control System Market
26.1. Africa Physical Access Control System Market Overview
26.2. Africa Physical Access Control System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Physical Access Control System Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Physical Access Control System Market Competitive Landscape And Company Profiles
27.1. Physical Access Control System Market Competitive Landscape
27.2. Physical Access Control System Market Company Profiles
27.2.1. Honeywell Commercial Security
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Bosch Security and Safety Systems
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Safran Security
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Assa Abloy AB
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Tyco
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Physical Access Control System Market29. Physical Access Control System Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer

Executive Summary

Physical Access Control System Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global physical access control system market.

This report focuses on physical access control system market which is experiencing strong growth. The report gives a guide to the physical access control system market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the physical access control system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Physical Access Control System market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider physical access control system market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The physical access control system market section of the report gives context. It compares the physical access control system market with other segments of the physical access control system market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, physical access control system indicators comparison.

Scope

Markets Covered:

1) By Component: Hardware; Software; Services
2) By Technology: Keypads-based PACs; Card-based PACs; Biometric PACs
3) By End User: Banking, Financial Services and Insurance (BFSI); Healthcare; Manufacturing; Services, Communication and Media; Retail and Other Corporate; Transportation and Utilities; Other End Users

Companies Mentioned: Honeywell Commercial Security; Bosch Security and Safety Systems; Safran Security; Assa Abloy AB; Tyco

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Honeywell Commercial Security
  • Bosch Security and Safety Systems
  • Safran Security
  • Assa Abloy AB
  • Tyco
  • Axis Communications
  • Allegion plc Ltd.
  • Aiphone Co.
  • TKH Group NV
  • Avigilon Corporation
  • Johnson Controls International Plc
  • Brivo Systems LLC
  • United Technologies Corporation
  • Identiv
  • Secugen Corporation
  • Paxton Access.

Methodology

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