North American Electromechanical Security Markets

Published by: Frost & Sullivan

Published: Mar. 16, 2007 - 34 Pages

Table of Contents

1. Introduction

1. Electromechanical Security

1. Executive Summary

2. Electromechanical Security Market

1. Market Metrics

1. Introduction

2. Market Trends

3. Market Engineering Measurements

4. Market Drivers

a. Increasing Need for More Stringent Security against Intrusion

b. Integration of Biometrics and Access Control Results in Market Opportunities for Vendors

c. Increasing Demand from Hospitality and Education Segments for Electromechanical Hardware

d. Rapid Replacement of old Hardware with Electromechanical Hardware in Existing Buildings and Facilities

e. Anticipated Future Need and Interest from the Spectator Sports Market

f. Increasing Number of New Constructions in the U.S. Market

5. Market Restraints

a. Rapid Commoditization of Hardware affecting in growth of EMS market/Market Growth

b. High Cost of Implementation of Access Control Systems

c. Low Levels of Understanding of EMS among Vendors and End Users

d. Different Requirements of End Users

e. Emergence of Retrofitters for EMS

f. Slowdown in New Home Market in the United States

6. Revenue Forecasts

3. Electromechanical Security Components

1. Components

1. Introduction

2. Locking Components

3. Exit Hardware

4. Electric Key Switches

5. Electric Strikes

4. Vertical Market Analysis

1. Vertical Markets

1. Introduction

2. Commercial

3. Residential

4. Hospitality

5. Healthcare

6. Education

7. Others

5. Competitive Analysis

1. Market Participants

1. Ingersoll Rand Security Technologies

2. ASSA ABLOY Sales & Marketing Group Inc.

3. Stanley Security Solutions Inc.

4. Retrofitters

Abstract

This Frost & Sullivan research service titled North American Electromechanical Security Markets provides an overview of the electromechanical components market, along with revenue forecasts, analysis of key drivers and restraints, competitive analysis, and various trends affecting growth opportunities. The research service also contains a competitive roadmap at each segment level. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following market: electromechanical locking components.

Market Overview

Critical Need for Security Drives Electromechanical Security Market

The increasing need for greater security against intrusion across various end-user segments is driving the market for electromechanical locks, which is the fastest growing sector in the access control market. The proliferation of residential and commercial constructions in cities all over the United States contributes immensely to the rapid growth of this market, with contractors integrating electromechanical locks and hardware. The move to replace existing hardware with electromechanical hardware that can be integrated into the building’s access control system is also promoting growth.

"Electromechanical locks enable vendors to integrate every door and access point of a facility into a comprehensive access control solution," says the analyst of this research service. "The locks have the ability to be part of a wired network, or connect wirelessly to the network and transmit information to a centralized location." The hospitality industry and educational institutions have been in the forefront of the demand for this kind of an integrated access control system.

Both Vendor and End User Education Vital for Successful Implementation of Electromagnetic Security Systems

Despite the current demand and the anticipated future demand from spectator sports facilities, market growth is restrained by the high installation costs and the inadequate knowledge of the relatively newer electromagnetic security (EMS) systems among both vendors and end users. Resellers, distributors, and end-users need to be trained and educated regarding the difference between EMS and mechanical security, for the successful implementation of EMS access control systems.

The integration of biometrics and access control systems also opens up new revenue opportunities for vendors. "There is increased interest in incorporating electromechanical locks with fingerprint readers, hand geometry readers, and facial, and iris recognition readers," says the analyst. "This technology is likely to kindle interest from high-risk facilities in the short term, and education and hospitality sectors in the long term."

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