Electronic Access Control System Manufacturing in the US - Market Research Report

Under control: An expansion of local and state government spending is expected to benefit industry enterprises

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Electronic Access Control System Manufacturing industry produces smart cards, fingerprint scanners, biometric systems, and other access control systems, including keypads. The industry has recently been affected by volatile downstream markets, the effects of import penetration and the outbreak of the pandemic. As a result, industry revenue has been declining at an annualized rate of 4.4% over the past five years and is expected to reach $3.7 billion in 2023, although this conceals significant year-to-year volatility. Industry profit has similarly fallen due to lower demand and high competition from foreign manufacturers, with profitability overall waning to 5.6%. Industry revenue is poised to undergo course correction in 2023, inclining 1.2% as macroeconomic conditions improve. 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.