The emphasis on security has driven the growth of the automatic gate and door opening system considerably. Market Research Future which concentrates on market reports associated to the semiconductors electronics sector amongst others recently published a report on this sector. The industry is anticipated to grow to approx. USD 18 Billion in revenues by 2023, while developing at 7 per cent CAGR rate between 2017 and 2023.
Increased focus on home automation has been identified as one of the key causes for the development rate of the market. Diverse outlooks on security for home and office setups has been a positive influence on the growth of the sector. Availability of a better network and infrastructure of connected devices has added weight to the development curve of the sector favorably. Improved standard of living along with increased buying power has increased the market potential especially in urban areas. Urban areas have the highest demand concentrations for this market.
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The strengthening position of the global economy has been expected to have a positive influence on the growth of the automatic gate and door opening system market in the forthcoming years. Rising disposable income in conjunction with elevated standards of living is prognosticated to catapult the market on an upward trajectory.
By access control system, the global automatic gate and door opening system market has been segmented into keypad, remote control, face identification camera, iris scan, fingerprint identification system, telephone access system, proximity sensor system, and card tag system.
By gate type, the automatic gate and door opening system market has been segmented into sliding, swinging, bollards, boom barriers, and shutter system.
By power source, the global automatic gate and door opening system market has been segmented into primary power source secondary power source
By end user, the automatic gate and door opening system market has been segmented into residential, transportation hubs, military, industrial, and commercial.
By region, the global automatic gate and door opening system market has been segmented into Asia Pacific, North America, Europe and the Rest of the World (RoW). North America is prognosticated to account for the maximum share of the global market over the next couple of years. The regional automatic gate and door opening system market is led by the U.S. and is anticipated to benefit from rising demand for industrial and residential automation. Europe is expected to exhibit a similar trend and trail North America market in the forthcoming years. Also, Asia Pacific is an important revenue pocket forecasted to exhibit a relatively higher CAGR over the assessment period.
The noteworthy players of the global automatic gate and door opening system market profiled in this MRFR report are CAME UK (U.K.), ABA Automatic Gates Doors (Australia), Aleko Products (U.S.), RIB S.R.L. (Italy), King Gates S.R.L. (Italy), Proteco S.R.L. (Italy), Newturn Automation Pvt. Ltd. (India), Katres Automation (India), Life Home Integration (Italy), and Beninca Group (U.K.).
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