Study Examines Electromechanical Components Market
Frost & Sullivan’s 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, analysts examine electromechanical locking components.
According to the report:
Critical Need forSecurity 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.”
Available through Frost & Sullivan’s Automatic Identification and Security Growth Partnership Service program, clients receive market research such as this report, along with technical and econometric data and many interactive features including Analyst Inquiry Time and Client Councils.
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