The mobile access control platform market in North America is expected to grow from US$ 49.44 million in 2019 to US$ 297.16 million by 2027; it is estimated to grow at a CAGR of 26.1% from 2020 to 2027.
With the rising trend of autonomous vehicles across North America, the demand for innovative and smart locks for the cars is increasing. The manufacturers are focusing on the development and integration of digital keys for the cars by adopting the ultra-wideband (UWB) technology. The automobile devices are well-equipped with a UWB which is a radio technology. These UWB-based devices make use of the time of flight (ToF) measurements between the devices for calculating the round-trip response packets/ time of challenges. The UWB technology uses the bandwidth channel of 500 MHz along with short pulses of 2 nanoseconds each, and thus, helps in achieving centimeter accuracy, with accurate tracking in real-time. The UWB-enabled system precisely and efficiently senses if someone is moving toward a locked door, as well as identifies if the user is inside or outside of the doorway. Thus, the evolution in the automotive sector is expected to positively influence the demand for mobile access control platform during the forecast period.
The technology industry is one of the victims of COVID-19, and since the start of 2020, this industry has been reflecting the declining trend. With the imposition of lockdown across the North America region, the trades have been witnessing shattering experience. The pandemic has disturbed mobile access control platform businesses and suppliers around North America. The factory shutdowns and travel bans implemented to combat and contain the outbreak have impacted the North America mobile access control platform market. North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation, presence of huge industrial base, and high purchasing power especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner.
Based on technology, the Bluetooth segment led the North America mobile access control platform market in 2019. Bluetooth short-range connectivity offers numerous opportunities for mobile access control solutions integrated with mobile devices. The technology is combined with gesture technology that provides an additional benefit for access control, which helps the users open doors from a distance by rotating their smartphone as they approach a mobile-enabled reader. Several businesses are highly inclined toward short-range communication technologies, which support physical access control applications, such as opening doors and parking gates. Thus, businesses are hugely adopting Bluetooth technology since it can operate at a close range and from a distance and support iOS and Android, and has low power consumption. Companies across North America are opting for this communication technology for mobile access control platform. For instance, The HID Mobile Access solution, one of the market leader, delivers better security and convenience by turning the bluetooth-enabled smartphones into easy-to-use credentials that can replace keys and smart cards. It supports Android and iOS devices and has been successfully piloted at businesses in the US, which is fueling the growth of the North America mobile access control platform market.
The overall North America mobile access control platform market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the North America mobile access control platform market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the North America mobile access control platform market. Nok?, Inc.; Proxy Inc.; Unikey Technologies Inc.; Openpath, Inc.; Remotelock; Salto System; and Brivo Systems LLC are among a few players operating in the North America mobile access control platform market.