In recent times, the increasing terrorist threats have been driving the government and private sectors to invest more in security. Safety concerns, backed by declining prices of card-based electronic access control systems (EACS), have considerably improved the uptake of this technology.
New analysis from Frost & Sullivan (autoid.frost.com), Asia Pacific Electronic Access Control Systems Market, finds that the market earned revenues of over $0.90 billion in 2008 and estimates this to reach $4.60 billion in 2015. This is due to a forecasted increase in the use of these systems in countries such as the Philippines, Vietnam, Indonesia, India, Australia, New Zealand, and South Korea, that show a much higher compound annual growth rate (CAGR) compared to other countries. The geographic markets covered in this research service are Singapore, Malaysia, Thailand, Australia, New Zealand, Indonesia, the Philippines, Vietnam, China, Taiwan, Hong Kong, South Korea, and India.
"As technologies improve and competition soars, prices will decline, making EACS affordable to almost all businesses," says Frost & Sullivan Industry Analyst Parul Oswal. "Technological advances have also made EACS more user-friendly; most card-based EACS simply need the user to hold the card close to the reader."
Additionally, the graphic user interface will make it easier to program and check the authorization of a person. These advancements in the field of access control technology not only helps companies to offer better-quality products, but are also helping them reduce production costs, which will, in turn, lower prices.
Despite the lowering of prices, the market is still being challenged by low-cost imports from China and Taiwan. Although the imported equipment is cheaper than domestic EACS equipment, they are of inferior quality, thereby discouraging buyers and restraining the market. Most users prefer readers that support multi-application functions, offer high security, and are reasonably priced.
"Smart cards have been successful for this reason, as they function as bank cards, meal cards, as well as door access cards," notes Oswal. "Smart cards that are likely to be used for logical access purposes in offices will experience higher demand."
Integration of biometrics with other types of EACS is also gaining popularity when cost is not a concern, as biometrics is much more expensive than other EACS.
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Asia Pacific Electronic Access Control Systems Market is part of the Automatic Identification & Security Growth Partnership Service program. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
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Asia Pacific Electronic Access Control Systems Market / P1A2