Reports Show Electronic Access Control, Biometric Sales To Grow

Jul 24, 2007 3:56 PM

           

Driven by the threat of terrorism, the need for securing business assets and employees and a stringent legislative environment, the market for electronic access control systems is set to reach $6.1 billion by 2010, according to a report by Global Industry Analysts Inc.

Even with maturity in the industrial, residential and commercial sectors, sales of electronic access control systems is one of the fastest growing sectors of the security industry. There is also a growing demand for heterogeneous technologies for security applications, and RFID technology is expected to contribute to market expansion.

The United States is the largest market worldwide, worth an estimated $2.2 billion in 2007. Europe is the second largest regional market followed by the Asian market at third position. Europe and the United States together account for more than 80 percent of the global electronic access control systems market as stated by Global Industry Analysts Inc. The global and regional markets are expected to grow between 15 and 20 percent per year. Card Based electronic access, including proximity and smart cards, represents the leading product segment, capturing more than 65 percent share of value sales. The segment is expected to register sales of about $3.5 billion by 2010.

The global marketplace is characterized by companies such as Aiphone Co, ASSA-ABLOY, BIO-key International Inc., Chubb Securite S.A.S, DigitalPersona, GE Security, Gunnebo AB, Hirsch Electronics Corp., Honeywell Access Systems, Ingersoll Rand Recognition Systems Inc., International Electronics Inc., Kaba Group, L-1 Identity Solutions, Motorola/Printrak International Inc., NAPCO Security Systems Inc., PAC International Ltd, SAFLINK Corp., SAFRAN Group, SecuGen Corp., Sentex Systems, Siemens Building Technologies/Bewator Ltd and others.

For more about the research report, click here.

Biometric solutions are also making fast inroads because of their edge over conventional authentication solutions such as passwords, PINs and tokens. The market for smart cards is also projected to grow especially in banking, mass transit, building, network security and identification sectors. Another report by Global Industry Analysts Inc. shows that biometric sales are to exceed $6.48 billion by 2010.

Increasing security concerns ranging from individual identity theft, and corporate security, to national security are driving the biometrics market. Driven by these factors, and decreasing costs of biometric systems, the market is witnessing high double-digit growth rates across all regions.

Government initiatives could emerge as the key to driving growth of biometrics. Some countries have already put biometric systems at airports and other ports of entry to check flow of illegal immigrants into their respective territories. On the technological front, non-contact systems could emerge as the solution to user inhibitions.

Development of industry-wide standards has been initiated, which would lead to lower costs and enable easier adoption of present and emerging technologies. Besides a few large corporations such as Motorola, and Siemens, a large number of small companies are active in the industry. As the industry attains critical mass, larger technology companies are likely to enter the industry, bringing with them scale, and technological expertise, and mergers and acquisitions would be the ideal way to enter the market.

Major competitors profiled include 3M-AiT Ltd., A4Vision, AcSys Biometrics Corp., AuthenTec Inc., BIO-key International Inc., Biometric Access Corp., Biometric Security Ltd., Bioscrypt Inc., Cogent Systems, Communication Intelligence Corp., Diaphonics Inc., Fujitsu Microelectronics America, L-1 Identity Solutions, Inc., Motorola, NEC Corporation of America, Precise Biometrics, SAFLINK Corp., SAGEM Defense Securite, Sensory Inc., Siemens AG, TSSI, Veridicom Inc. and Visiphor Corp.

For more about the research report, click here.

Want to use this article? Click here for options!
© 2008 Penton Media Inc.

SUBSCRIBE

Select an Issue April 1, 2008 March 1, 2008 February 1, 2008 January 1, 2008 December 1, 2007 November 1, 2007 October 1, 2007 September 1, 2007 August 1, 2007 July 1, 2007 June 1, 2007 IP Security Supplement May 1, 2007 April 1, 2007 March 1, 2007 February 1, 2007 January 1, 2007 School Security December 1, 2006 November 1, 2006 October 1, 2006 September 1, 2006 August 1, 2006 July 1, 2006 June 1, 2006 May 1, 2006 April 1, 2006 March 1, 2006 February 1, 2006 January 1, 2006 December 1, 2005 November 1, 2005 October 1, 2005 September 1, 2005 August 1, 2005 July 1, 2005 June 1, 2005 May 1, 2005 April 1, 2005 March 1, 2005 February 1, 2005 January 1, 2005 December 1, 2004 November 1, 2004 October 1, 2004 September 1, 2004 August 1, 2004 July 1, 2004 July 1, 2004 June 1, 2004 May 1, 2004 April 1, 2004 March 1, 2004 February 1, 2004 January 1, 2004 December 1, 2003 November 1, 2003 October 1, 2003 September 1, 2003 August 1, 2003 July 1, 2003 June 1, 2003 May 1, 2003 April 1, 2003 March 1, 2003 February 1, 2003 January 1, 2003 December 1, 2002 November 1, 2002 October 1, 2002 September 1, 2002 August 1, 2002 July 1, 2002 June 1, 2002 May 1, 2002 April 1, 2002 March 1, 2002 February 1, 2002 January 1, 2002 December 1, 2001 November 1, 2001 October 1, 2001 September 1, 2001 August 1, 2001 July 1, 2001 June 1, 2001 May 1, 2001 April 1, 2001 March 1, 2001 February 1, 2001 January 1, 2001 December 1, 2000 November 1, 2000 October 1, 2000 September 1, 2000 August 1, 2000 July 1, 2000 June 1, 2000 May 1, 2000 April 1, 2000 March 1, 2000 February 1, 2000 January 1, 2000 December 1, 1999 November 1, 1999 October 1, 1999 September 1, 1999 August 1, 1999 July 1, 1999 June 1, 1999 May 1, 1999 April 1, 1999 March 1, 1999 February 1, 1999 January 1, 1999 December 1, 1998 November 1, 1998 October 1, 1998 September 1, 1998 August 1, 1998 July 1, 1998 June 1, 1998 May 1, 1998 April 1, 1998 March 1, 1998 February 1, 1998 January 1, 1998 December 1, 1997 November 1, 1997 October 1, 1997 September 1, 1997 August 1, 1997 July 1, 1997 June 1, 1997 May 1, 1997 April 1, 1997 March 1, 1997 February 1, 1997 January 1, 1997

This month in Access Control

• Opening Up About Door Closers
• An Enterprise Approach
• The Framework For Open Systems
• On A Higher Plane
• More from April's issue