pedestrian-entrance-control-systems-market

Pedestrian Entrance Control Systems Market By Component (Security Gates, Security Booths, Security Doors, Speed Gates, Turnstiles), By Application (Transportation Interchanges, BFSI Institutions, Commercial Offices, Government And Military Facilities, Sports Grounds And Stadiums, Hospitality and Others) - Growth, Future Prospects And Competitive Analysis, 2020 – 2028

28 Sep 2020 Format PDF icon PPT icon XLS icon Request Sample

Pedestrian entrance control refers to the protection of various buildings and sensitive sites by controlling and monitoring physical access to various personnel entering the building. In addition, deployment of pedestrian entrance control systems enables building management and administrators to streamline and optimize traffic flow in order to ensure better security. Furthermore, pedestrian entrance control systems enable swift access to authorized personnel into various building locations along with security checks and validation for new entrants. Thereby, pedestrian entrance control systems have offered a viable solution for organizations to deploy enhanced security features at numerous entry points while causing minimal inconvenience to their workforce and customers. Pedestrian entrance control systems encompass various security gates, doors, turnstiles, and speed gates, among others. Depending on the nature of the entry points, organizations can choose from a wide array of equipment in order to ensure optimum security of the physical site. Pedestrian entrance control systems have become pivotal for various institutions all across the world due to rising threats and physical attacks and damage. Organizations from various end-use industries including banking and finance, education, healthcare, commercial, government, manufacturing and industrial, retail, events, transportation, residential, utilities, and energy, among others seek to deploy physical security solutions to ensure safety for the property and personnel.

One of the major factors driving the growth of the pedestrian entrance control systems market is the rising threat of terrorism all across the globe. It has become imperative for various organizations and governments across the world to invest in the latest and advanced security solutions to ensure public and private safety of physical sites and people visiting or working there. Other factors such as the rise in thefts and espionage have further fuelled the growth in the global pedestrian entrance control systems market. Some of the factors restraining the growth in this market include high initial costs, and lack of technological awareness, among others. However, with increasing demand for security and rising threats against numerous government and commercial buildings across the world, the overall pedestrian entrance control systems market is expected to witness substantial growth during the forecast period.

The report titled “Global Pedestrian Entrance Control Systems Market- Growth, Future Prospects, and Competitive Analysis, 2020 – 2028” offers strategic insights into the global pedestrian entrance control systems market along with the market size and estimates for the duration 2018 to 2028. The said research study covers in-depth analysis of multiple market segments based on component, end-use, and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2019 & 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. In addition, the report covers a section providing analysis on the types of entrance control equipment deployed at various locations to ensure efficiency in traffic flow and effective security.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of pedestrian entrance control systems, market positioning, and key developments. Some of the major players profiled in the report are URSA Gates Ltd., APT Controls Limited, Boon Edam, Inc., PERCo, Automatic Systems SA, Controlled Access Turnstiles, Kaba Group, Controlled Access Turnstiles, Inc., SKIDATA AG, Mecanizados Argusa, S.A., and Turnstile Security Inc.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the physical security industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2018 – 2019)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global pedestrian entrance control systems market, offering market size and estimates for the period from 2020 to 2028, keeping in mind the above-mentioned factors.

The global pedestrian entrance control systems market is segmented, based application, into the following categories

  • Transportation Interchanges
  • BFSI Institutions
  • Commercial Offices
  • Government and Military Facilities
  • Sports Grounds and Stadiums
  • Hospitality
  • Others (Industrial Sites, Tourist Sites, Heritage Sites etc.)

In 2019, the transportation interchanges application segment was the largest contributor in the global pedestrian entrance control systems market, in terms of revenue. The transportation interchanges segment includes various train and bus stations and depots which experience heavy pedestrian traffic flow throughout the day. The deployment of the latest pedestrian entrance control systems enables such station operators to closely monitor passengers, direct traffic flow, and collect fares effectively. With increasing investments towards public infrastructure in most of the developing countries across the world, this segment is expected to maintain its dominance throughout the forecast period.

The sports grounds and stadiums segment is expected to witness the fastest growth during the forecast period on account of the rising number of sporting events across the world. With the onset of COVID-19, it has become imperative for stadium operators to manage the flow of large crowds of people coming to any sporting event thereby, increasing the demand for various gates and turnstiles at such location. Furthermore, factors such as rising vulnerabilities of sports stadiums and increasing terror threats are expected to further drive the growth in this segment in the following years.

In 2019, North America dominated the overall pedestrian entrance control systems market across the world. The segment contributed to more than one-third of the total revenue generated globally in 2019. With increasing investments towards physical security and public safety, the North American pedestrian entrance control systems market is expected to grow at a significant rate during the forecast period.

The Asia Pacific and Europe followed North America, in terms of revenue, in the global pedestrian entrance control systems market. The Asia Pacific region is expected to witness the fastest growth on account of public transportation and infrastructure projects in countries such as China, India, Thailand, Indonesia, Philippines, Japan, and South Korea, among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Pedestrian Entrance Control Systems market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Pedestrian Entrance Control Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Component
  • Security Gates
  • Security Booths
  • Security Doors
  • Speed Gates
  • Turnstiles

Application
  • Transportation Interchanges
  • BFSI Institutions
  • Commercial Offices
  • Government and Military Facilities
  • Sports Grounds and Stadiums
  • Hospitality
  • Others (Industrial Sites, Tourist Sites, Heritage Sites etc.)

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Pedestrian Entrance Control Systems market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Pedestrian Entrance Control Systems market?
  • Which is the largest regional market for Pedestrian Entrance Control Systems market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Pedestrian Entrance Control Systems market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Pedestrian Entrance Control Systems market worldwide?
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