Electronic Access Control System Manufacturing in the US - Industry Market Research Report
Description
Electronic Access Control System Manufacturing in the US
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.
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.
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.
Table of Contents
43 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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