One of The Fastest Growing Sectors of the Security Industry is The Electronic Access Control System

    Even though the demand in industrial, residential, and commercial sectors has reached maturity, electronic access control systems are one of the fastest growing sectors of the security industry. Many opportunities are born in the form of product replacements and security upgrades. High demand for heterogeneous technologies for security applications and RFID technology will also contribute to market expansion. Biometric products are fast making inroads since they enjoy an edge over conventional authentication solutions such as passwords, PINs, and tokens. The market for smart cards is also projected to evolve particularly in banking, mass transit, network security, building, and identification sectors.

    A comprehensive review of market trends, drivers, product profile, players, competition, technological developments, recent developments, mergers, acquisitions, and other strategic industry activities is provided by the Global Industry Analysts "Electronic Access Control Systems: A Global Strategic Business Report". Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Analytics are provided in terms of product segments including Card-Based EACS (Proximity Cards, Smart Cards, Legacy Technology Based Cards, and Others), Biometrics-Based EACS (Fingerprint, Face Recognition, Voice/Signature Verification, Hand Geometry, and Iris Recognition), Audio and Video-Based EACS, and Keypad-EACS.

    The largest market worldwide is United States worth an estimated US$2.2 billion in 2007. The second largest regional market is Europe, followed by a much smaller Asian market at third position. Europe and the US together account for over 80 percent of the global electronic access control systems market as stated by Global Industry Analysts, Inc. The overall and regional markets are expected to grow at CAGRs ranging between 15% and 20%. Card Based electronic access, inclusive of among others, proximity and smart cards, represents the leading product segment, capturing over 65% share of value sales. The segment is expected to register sales of about US$3.5 billion by 2010. Biometrics-Based electronic access presents enormous opportunities for growth, with the Iris Recognition sub-segment set to witness fastest growth through 2010.

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

For more informaiton visit http://www.strategyr.com/MCP-1142.asp.