Press release
Electronics Access Control System (EACS) Market Trends and Demand by 2024; Player - Sony Electronics, Samsung Electronics, LG Display, Life Technologies, Nanosys and Ocean NanoTech, LLC
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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.
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.
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.
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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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