The publisher brings years of research experience to the 7th edition of this report. The 287-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Industrial Access Control Market to Reach $1.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Industrial Access Control estimated at US$927.4 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 7% over the period 2020-2027.
Hardware, one of the segments analyzed in the report, is projected to record 6.7% CAGR and reach US$937.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 7.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $250.9 Million, While China is Forecast to Grow at 10.8% CAGR
The Industrial Access Control market in the U.S. is estimated at US$250.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$326.9 Million by the year 2027 trailing a CAGR of 10.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
Competitors identified in this market include, among others:
Access Control Innovation
Assa Abloy AB
Bosch Security Systems, Inc.
Dormakaba International Holding AG
Honeywell Security Group
Johnson Controls International PLC
Siemens Building Technologies
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Industrial Access Control Competitor Market Share Scenario Worldwide (in %): 2019 & 2025