Stranger danger: Increased investment in security will be a boon for the industry

The Electronic Access Control System Manufacturing industry has benefited over the past five years from increased concerns regarding theft, break-ins and white-collar crime, which have driven demand from business and residential customers alike. However, faced with increased competition, both within the industry and from low-cost imports, the industry has consolidated, with the largest players pursuing acquisitions to expand their products offerings. Across the industry, research and development will become increasingly important over the next five years to companies seeking an edge against competitors. Over the five years to 2022, positive economic trends like rising corporate profit and an improved construction market are expected to boost demand for industry products...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
1.4%
Forecast Growth 17-22
Profit
Employment
11,370
Businesses
351
What Our Customers Say

Industry Threats & Opportunities

  • Rising corporate profit margins will allow companies to upgrade their electronic access control systems
  • Competition from inexpensive imports has contributed to a decline in average unit selling prices
  • New businesses, higher corporate profit and rising construction activity will boost demand
  • Industry Report - Industry SWOT Analysis Chapter

    In the 10 years to 2022, IBISWorld expects the Electronic Access Control System Manufacturing industry to grow at a similar rate as the overall economy. Industry value added, which measures an industry's contribution to the overall US economy, is forecast to grow at an annualized rate of 2.8% during this period, just faster than the anticipated 2.1% annualized GDP growth during the same period. The similar growth rates indicate that the industry is currently maturing. IVA grew strongly in the early half of the five-year period to 2017, but declines and stagnation in 2015 and 2016 have offset some of this growth. Moving forward, the industry is expected to grow at more moderate levels.Industry growth and innovation are largely supported by the commercial market. As ...purchase to read more.

    Additional Insights for the Electronic Access Control System Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electronic Access Control System Manufacturing Industry are

  • Ability to quickly adopt to new technology
  • Economies of scale
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Crime rate in the Electronic Access Control System Manufacturing industry impact industry performance..

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    What is the Electronic Access Control System Manufacturing Industry?

    Companies in this industry manufacture electronic access control systems, including card-based (proximity cards and smart cards), audio-based (intercom and telephone), video-based and keypad-based systems.

    Industry Products
  • Card-based systems
  • Audio and keypad systems
  • Industry Activities
  • Manufacturing smart cards
  • Manufacturing card readers
  • Intercom system
  • Manufacturing electronic security door locks
  • Manufacturing advanced biometric access control system
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Crime rate
  • Housing starts
  • Number of businesses
  • Local and state government investment
  • Trade-weighted index

  • Current Performance
  • Rising demand for industry products
  • International trade
  • Changing structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Jump in new businesses, more demand for products
  • International market
  • Technological progress pushes demand higher
  • Table: Electronic Access Control System Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electronic Access Control System Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Manufacturing
  • Finance and Insurance
  • Security Services
  • Accommodation and Food Services
  • Consumers

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Plastics & Rubber Machinery Manufacturing
  • Semiconductor & Circuit Manufacturing

  • Products & Services
  • Card-based systems
  • Audio and keypad systems
  • Other
  • Chart: Electronic Access Control System Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Business cycle
  • Security threats and new technology

  • Major Markets
  • Commercial market
  • Private property market
  • Government market
  • Chart: Major Market Segmentation for the Electronic Access Control System Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Electronic Access Control System Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electronic Access Control System Manufacturing Industry

  • Industry Globalization
    Honeywell International Inc.United Technologies Corporation
  • Table: Honeywell International Inc. - financial performance
  • Table: United Technologies Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electronic Access Control System Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electronic Access Control System Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Value of Private nonresidential construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biometric Access Control System
  • A security system that requires the user to physically prove his or her identity. These systems may use fingerprint scans, iris and retinal scans, as well as facial recognition technology.
  • Radio Frequency Identification (Rfid)
  • A technology that can identify a card or device by releasing wireless signals from a chip.
  • Retrofitting
  • The addition of new technology to old or existing systems.
  • Why buy this report?

    IBISWorld’s industry research report on Electronic Access Control System Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electronic Access Control System Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electronic Access Control System Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electronic Access Control System Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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