Electronics Access Control System (EACS) Market Size, Share, Trends, Demand and Growth Forecast to 2023
By Nasty Nas Follow | Public

The integrated and structured security risk management equipment became one of the most essential requirements in modern buildings, government organization, industrial premises and also in residential. An effective and professionally installed electronics access control (EAC) system is now a part of the overall management plan of the organizations. The modern sophisticated technologies has allowed more complex design technology and improved accuracy level of electronics access control systems at cost-effective price.

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Based on the various product types, the global electronics access control system market can be classified as authentication systems (biometrics or card based), perimeter security system, buried perimeter detection system, intruder alarm system, and free standing perimeter security. Based on application, the electronics access control system market can be classified as homeland security, commercial security, industrial security, residential security and others. Biometrics is the fasted growing market segment whereas the card based access control system has largest market share among all market segments in the 2013.

The electronics access control system market is driven by a number of factors. Rising threat of terrorist attacks, increasing cybercrime, rising vandalism and increasing theft cases and aggression in public area has put security as the prime importance to government agencies, organization and even individuals. Moreover, the various advantages associated with electronics access control system, such as accuracy, time and cost efficiency and convenience, has made it one of the preferred choice among the end users.

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North America is globally the largest market of electronics access control system, followed by Asia-Pacific and Europe. Asia-Pacific region has shown the highest growth for the electronics accesses control system market over the past few years, attributed to rapid urbanization in some of the economically growing countries such as China and India. Moreover, growing demand of enhanced and effective automated access control system requirement from small and medium scale industries in this region has boosted the growth of the electronics access control system market.

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Some of the major competitors in the global electronics access control system market are Sony Corporation, Samsung Electronics Co. Ltd., LG Display Co. Ltd., Life Technologies Corporation., Nanoco Group PLC, Nanosys Inc., and Ocean Nanotech LLC.

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