핀 기반 액세스 제어 : 시장 점유율 분석, 산업 동향 및 통계, 성장 예측(2024-2029년)

The Pin-based Access Control Market size is estimated at USD 2.14 billion in 2024, and is expected to reach USD 2.79 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).

Key Highlights

• Pin-based access control systems have become crucial to managing access to commercial offices, businesses, and residential buildings. These systems offer enhanced property security for tenants and staff, who can quickly enter with credentials while denying access to unauthorized individuals. The increasing privacy and security concerns and the increasing theft of crucial data and information contribute to the market's growth.
• The number of burglaries and crimes has increased across the world in the past few years. This has heightened concerns about the safety of people, assets, and processes, resulting in severe damage to infrastructure and the loss of multiple lives.
• According to the Council on Criminal Justice (CCJ), motor vehicle theft, a crime that began surging in the summer of 2020, maintained its upward trend through 2023, with a 29% increase in reported thefts compared to 2022 in the United States. Whereas residential burglary rates across cities in the United States were 26% lower in 2023 than in 2019, they saw a 3% decline from 2022, marking a reduction of 1,052 incidents. Residential burglary dropped by 4% in the first half of 2023 and 1% in the latter half compared to the same periods in 2022. There are many technologies that can help in decreasing the crime rate. One of them is pin-based access control.
• Furthermore, pin-based access controls are easily scalable, making them suitable for SMEs who want to secure their data without having to spend extra money. Several pin-based access control systems can track who accessed a particular area along with time. These systems are often compatible with the existing infrastructure, making them a convenient choice to integrate into older security systems.
• Biometric authentication is rapidly increasing across various industries because of the provision of secure identity verification processes. This technology uses physical characteristics like facial recognition, fingerprint scan, voice recognition, and retina recognition to authenticate the user. The necessity for strict identity verification due to the accelerating adoption of transactional technologies is increasing the demand for biometrics access controls, which are preferred by consumers over the traditional pin-based access control, hindering the growth of the market.
• Rising inflation rates are driving up the prices of goods and services, notably increasing the cost of access control systems. These heightened costs are eroding purchasing power for both consumers and businesses, consequently hampering the market's growth. Moreover, the ongoing conflict between Russia and Ukraine is severely disrupting the global supply chain, especially in the realm of electronic components and raw materials essential for access control systems. As a result, manufacturers are facing production delays and escalating costs.

Pin-based Access Control Market Trends

The Large Enterprises Segment is Expected to Hold a Significant Share in the Market

• Pin-based access control systems have become the preferred way to manage access to large enterprises such as commercial buildings, offices, and businesses. Pin-based access control systems can be built to restrict physical access to IT rooms where sensitive information is stored. The market for pin-based access control systems is expected to grow due to increasing safety consciousness, the growing demand for high-level access control systems, and the adoption of access control devices in commercial organizations.
• The United States is an early adopter of access control systems owing to the presence of several larger market players. Large enterprises, such as financial centers and banks, enterprises, hotels, malls, and retail stores, have adopted pin-based access control systems in the United States. Furthermore, several offices have made it mandatory for their employees to use pin-based access control to enter the IT premises and use the systems assigned to them.
• With advancements in technology, organizations are implementing smart door locks to prevent theft and to increase the security of sensitive data. Due to the increasing demand for smart door locks with biometric technology, key vendors are focusing on new product launches and expansion of their product portfolio. For instance, in March 2024, TCL unveiled the K9G Plus, a cutting-edge smart door lock. This lock features advanced technology, including dual cameras and 3D structured light for precise facial recognition. Additionally, it has a spacious 4.5-inch inner touchscreen and a high-capacity, long-lasting battery. The device offers a range of unlocking methods, such as facial recognition, fingerprint scanning, password entry, card swiping, key insertion, and NFC technology.
• Moreover, as commercial door lock systems with keypads provide advanced security and eliminate the requirement for physical access keys, several property owners and senior management professionals alternate the PIN code from time to time to ensure that only authorized personnel can access the space. Such demand will also bring huge interest in pin-based access control systems in large enterprises globally.
• In November 2023, AWS unveiled a new palm-based identity service designed to enhance the security of physical spaces and digital assets for large enterprises. This innovative service aims to reduce operational costs while offering added convenience for users, all the while prioritizing the protection of personal data. The cutting-edge palm recognition technology employed by this service leverages advanced artificial intelligence and machine learning to generate a unique palm signature that can be linked to various identification credentials such as badges, employee IDs, and PINs.

Asia-Pacific is Expected to Witness Significant Growth

• Asia-Pacific is expected to be the fastest-growing region during the forecast period. The growth is attributed to the increasing demand for access control systems across countries like China and India. China dominates the market due to its expanding construction sector, many manufacturing industries, and a growing crime rate. In addition, China is home to major pin-based access control key vendors, such as Dahua and Hikvision.
• The growing industrialization leads to a high demand for securing assets and data. Urbanization in the region is driving the need for access controls in residential and commercial areas owing to security concerns. Technological advancements and digitalization drive the demand for solutions across organizations. Furthermore, the cumulative adoption of smartphones and mobile computing devices is expected to drive the adoption of pin-based access control across Asia-Pacific.
• India is witnessing an increase in pin-based access control systems in various sectors, including hotels, government institutions, corporate offices, residential buildings, and retail stores, primarily due to the rapidly growing security concerns and increasing crime rates. Several key players are developing devices as per the Indian smart home requirements under the Government of India programs, such as Digital India and Make in India.
• Further, growing theft and robberies in India drive the demand for smart door locks. A November 2023 report titled 'Live Safe, Live Free,' commissioned by Godrej Locks, revealed that more than two-thirds of respondents in five major cities, namely Mumbai, Delhi, Kolkata, Bhopal, and Bangalore, already employ smart locks to secure their homes. These cities were chosen based on their vulnerability, as highlighted in the National Crime Record Bureau's data.
• As technology advances, Australians increasingly turn to digital door locks as a secure and convenient solution for access control. With the growing popularity of smart home technologies, smart door locks have become essential to residential areas. The cost-effectiveness factor has contributed to the growing popularity of pin-based door locks in Australia. Other countries in the region also adopt pin-based access control systems, driven by the need to protect the property and data.

Pin-based Access Control Industry Overview

The pin-based access control market is fragmented, highly competitive, and consists of several players. Companies in the market continuously try to increase their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions, partnerships, and collaborations. Some of the major players are Johnson Controls, HID Global Corporation, Hangzhou Hikvision Digital Technology Co. Ltd, and Thales Group.

• February 2024: Hikvision introduced its latest line of professional access control solutions, marking a notable advancement in access management. These innovations encompass enhanced web management, a range of authentication methods, specialized access applications, and integrated security solutions. Notable products in this release include the DS-K1T805 and 502 series, known for their vandal-proof design, and they offer a variety of authentication options, including PIN codes, fingerprints, and mobile credentials.
• December 2023: SALTO introduced the DBolt Touch smart deadbolt, which provides an excellent solution for enhancing mechanical deadbolt locks in multi-family residential settings. The DBolt Touch offers a retrofit option and advanced smart locking capabilities. With a variety of access control methods, it ensures a seamless and convenient keyless experience. Additionally, the DBolt Touch smart keypad reader allows residents and visitors to access the property using a PIN-based entry system.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

• 4.1 Market Overview
• 4.2 Industry Attractiveness - Porter's Five Forces Analysis
  • 4.2.1 Bargaining Power of Suppliers
  • 4.2.2 Bargaining Power of Consumers
  • 4.2.3 Threat of New Entrants
  • 4.2.4 Threat of Substitutes
  • 4.2.5 Intensity of Competitive Rivalry
• 4.3 The Impact of Aftereffects of the COVID-19 Pandemic and Other Macroeconomic Factors on the Market

5 MARKET DYNAMICS

• 5.1 Market Drivers
  • 5.1.1 Increasing Privacy and Security Concerns
• 5.2 Market Challenges
  • 5.2.1 Integration of Biometrics
  • 5.2.2 Easy Hacking of PINs

6 MARKET SEGMENTATION

• 6.1 By Component
  • 6.1.1 Hardware
  • 6.1.2 Software
• 6.2 By Organization Size
  • 6.2.1 SMEs
  • 6.2.2 Large Enterprises
• 6.3 By End-user Industry
  • 6.3.1 Banking and Financial Services
  • 6.3.2 Government Services
  • 6.3.3 Retail
  • 6.3.4 IT and Telecommunications
  • 6.3.5 Healthcare
  • 6.3.6 Power and Utilities
  • 6.3.7 Residential
  • 6.3.8 Other End-user Industries
• 6.4 By Region
  • 6.4.1 North America
    • 6.4.1.1 United States
    • 6.4.1.2 Canada
  • 6.4.2 Europe
    • 6.4.2.1 United Kingdom
    • 6.4.2.2 Germany
    • 6.4.2.3 France
  • 6.4.3 Asia-Pacific
    • 6.4.3.1 China
    • 6.4.3.2 India
    • 6.4.3.3 Japan
  • 6.4.4 Australia and New Zealand
  • 6.4.5 Latin America
  • 6.4.6 Middle East and Africa

7 COMPETITIVE LANDSCAPE

• 7.1 Company Profiles
  • 7.1.1 Johnson Controls
  • 7.1.2 Honeywell International Inc.
  • 7.1.3 Bosch Security and Safety Systems
  • 7.1.4 HID Global Corporation
  • 7.1.5 Hangzhou Hikvision Digital Technology Co. Ltd
  • 7.1.6 Axis Communications AB
  • 7.1.7 Avigilon Corporation
  • 7.1.8 Napco Security Technologies Inc.
  • 7.1.9 Thales Group
  • 7.1.10 Dormakaba Group
  • 7.1.11 Dahua Technology Co. Ltd
  • 7.1.12 Anviz Global Inc.

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET