The India access control market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Access control devices play an important role in physical and information security at various commercial, industrial, and residential places. The access control devices help to maintain safety and prevent unwanted entries to specific premises. There are various types of devices in access control such as card readers, biometric devices, face recognition devices, keypad reader, Mag-stripe reader, and others.
Technological advancements and growing deployment of wireless technology in security systems is a key factor driving growth of the target market. Access cards have been and are very popular form of access device used in India, especially in commercial segment. The market has observed technology advancement in access cards types from magnetic strip cards to proximity cards and now to smart cards. The magnetic strip cards are easy to duplicate and hack, the proximity cards work in close proximity but still offer lower security.
However, development of smart cards that not only have embedded circuit but can also write data. The smart cards now work as an identification and authentication medium. Also, rising adoption of IoT based devices and mobile based access control systems is another factor driving growth of the India access control system market.
Moreover, development of multi modal authentication systems is another factor expected to drive growth of the Indias market to a significant extent. However, high cost associated with advanced access control system is a key factor may hamper growth of the target market.
Adoption of mobile based access control system in residential sector is a key trend witnessed in the target market and is expected to support growth of the target market in the near future. Infrastructure development coupled with rising adoption of access control system by societies and buildings for authentication of allowed person for entry and exit.
Scope of the Report:
Report Feature Details
Base Year: 2018
Projection Period: 2019-2029
Market Details: Total revenue and forecast, CAGR, Market value, share, and Y-o-Y growth by segment
Segment Covered: Component and Vertical
Country Covered: India
Report Coverage: Market growth driving factors, challenges & pitfalls, opportunities, trends, key players analysis, and country analysis
India Access Control Market, By Component:
? Hardware (Pedestrian and Vehicle)
India Access Control Market, By Vertical:
? Military and Defense
? Manufacturing and Industrial
Key Players Covered:
Key players operating in the target market includes, Assa Abloy AB, Dormakaba Holding AG, Johnson Controls International PLC, Allegion PLC, Honeywell Security Group, Identiv, Inc., Nedap N.V., Suprema Hq Inc., Bosch Security Systems Inc., and Gemalto N.V.
Key features of the study:
Foresight Market Research provides detailed analysis on target market in our report- India Access Control Market by component and vertical. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the India access control market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.
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