Door Access Control Readers Market to Reach $9.6 Billion, Globally, by 2032

The global door access control readers market is driven by the growing adoption of smart access control systems, the rise in security concerns, and the surge in the adoption of cloud-based access control systems. However, the high maintenance cost associated with the access control readers limits their adoption, thereby hampering the market growth. On the contrary, the surge in adoption of cloud-based access control systems and advancements in access control reader technology in developing countries are expected to offer remunerative opportunities for the expansion of the global door access control readers market in the coming future.

According to a new report, the global door access control readers industry generated $3.4 billion in 2022 and is anticipated to generate $9.6 billion by 2032, witnessing a CAGR of 11.0% from 2023 to 2032.

Based on type, the RFID door readers segment held the highest market share in 2022, accounting for nearly one-third of the global door access control readers market revenue, and is estimated to maintain its leadership status throughout the forecast period. On the other hand, the smart lock door readers segment is projected to grow at a high CAGR of 15.11% from 2023 to 2032. This is due to the surge in demand for enhanced security and safety solutions such as contactless solutions, seamless integration capabilities, and compliance with industry regulations.