Automated Storage and Retrieval System Market Size, Share and Trends

Report Code SE 3360
Published in Jan, 2025, By MarketsandMarkets™
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Automated Storage and Retrieval System Market by Type (Unit Load ASRS, Mini Load ASRS, Mid-Load ASRS, Vertical Lift Module (VLM), Vertical Carousel, Horizontal Carousel) by Payload Capacity (<500 kg, 500-1,500 kg, >1,500 kg) - Global Forecast to 2030

Automated Storage and Retrieval System Market Size, Share & Trends

The global automated storage and retrieval system market is expected to grow from USD 9.86 billion in 2025 to USD 14.80 billion by 2030, at a CAGR of 8.5%. Automated storage and retrieval systems (ASRS) are technologically advanced automated systems that facilitate storing and retrieving goods in warehouses, manufacturing facilities, and distribution centers. These systems are crucial in facilitating operational efficiency by optimizing storage space, thereby reducing retrieval time and minimizing human errors. The market comprises several types of ASRS, including unit-load ASRS, mini-load ASRS, vertical lift modules (VLMs), and horizontal and vertical carousels. This rise in smart factories and Industry 4.0 technology has led to the integration of AI, IoT, and robotics systems into the inventory for real-time management and full automation. The rising emphasis on properly managing inventories to achieve cost efficiency has also contributed to the overall demand for ASRS globally.

Automated Storage and Retrieval System Market

Attractive Opportunities in the Automated Storage and Retrieval System Market

ASIA PACIFIC

The growing demand for automated warehouse solutions in countries, such as China, South Korea, Japan, Australia, and India, is anticipated to support market growth in Asia Pacific.

The market growth can be attributed to the increasing focus on the optimum utilization of available space and the awareness about the saving of labor costs with ASRS.

Product launches, contracts, acquisitions, collaborations, and partnerships are expected to offer lucrative growth opportunities for the market players.

The food & beverages industry accounted for the largest market share in 2024.

The unit load segment is expected to dominate the automated storage and retrieval system market during the forecast period.

Impact of AI in Automated Storage and Retrieval System Market

AI is revolutionizing the automated storage and retrieval system market by facilitating smoother warehouse operations, including improvisation in the scalability, precision, and efficiency of operations. AI-driven systems result in the optimization of storage, automatic inventory tracking, and faster retrieval, resulting in reduced operational costs and human errors. The increased efficiency of ASRS systems powered by AI makes the integration of AI into these systems even more essential, driving sustainability, adaptability, and efficiency in modern supply chain systems. A few key AI use cases in the automated storage and retrieval system market are shown below:

Automated Storage and Retrieval System Market

Global Automated Storage and Retrieval System Market Dynamics

DRIVER: Strong focus on efficient space utilization and cost savings

Rising real estate costs and limited warehousing space are challenges to businesses in the US, China, and Europe. The average growth rate of warehouse lease rates in Europe from July 2022 to June 2023 was 13.8%, against a pre-pandemic average growth of 2.5%. In Asia Pacific and North America, developed countries are under more pressure to utilize available space to their fullest extent due to increased consumer demand and a growing population.

Automated storage and retrieval system (ASRS) can help overcome these challenges by optimizing floor space and enhancing storage density. ASRS can save up to 85% of floor space by utilizing the full ceiling height, allowing businesses to accommodate more inventory, expand manufacturing capabilities, or integrate quality control processes. High-density storage systems, including totes, bins, and dividers, maximize capacity while reducing costs associated with manual processing. It also improves the operational efficiency by automating labor-intensive tasks. ASRS can manage the workload of multiple manual operators. It can reduce labor requirements by up to two-thirds. This is valuable for companies experiencing labor shortages or increased labor costs due to globalization. Businesses will achieve up to 90% productivity improvement and 99.9% accuracy by using ASRS to revolutionize their warehousing operations.

RESTRAINTS: High installation and maintenance costs

Automated storage and retrieval systems are known to be among the most successful automation solutions for warehouses, even though they require a big capital investment before their implementation. According to a leading ASRS provider, Kardex, a unit load ASRS will cost over USD 1,000,000. Investment in such a system occurs after a significant analysis of companies’ supply chains and inventory management needs. The installation process is about setting up racks, automated systems, and specialized software. These are costly, and an installation requires a highly skilled workforce for accurate setup and operation.

Additionally, companies face high ongoing expenses for maintaining and updating subsystems, including mechanical components, control systems, safety systems, and software applications. Repairing ASRS equipment can also be more expensive than forklifts or conveyor systems that one would find in a traditional warehouse. There is downtime associated with breaking down and potential losses from production shutting down, which will need to be factored into business operations. These investments are sometimes a concern for small and medium-sized enterprises. The higher overall costs incurred by companies using ASRS technology and the huge operating and maintenance costs may hinder the overall market growth.

 

OPPORTUNITY: Rising implementation of strict guidelines for medical intralogistics

The healthcare sector is experiencing continuous growth. Hospital and medical intralogistics must adhere to strict guidelines. One of the primary requirements is the hygienic handling of everyday supplies and compliance with official regulations. This need underscores the importance of efficient ASRS that can save time and costs by providing a fast and reliable supply of goods that meet hospital standards. Hospital intralogistics include items, such as perishable medications, highly sensitive surgical instruments, linens, and other goods that necessitate quick and accurate picking. This is often achieved through automated identification devices, such as RFID chips and pick-to-light tools.

Some ASRS systems, which include additional temperature and climate control features, can be installed in healthcare clinics. As a result, various companies focus on providing ASRS solutions tailored to the healthcare sector. For instance, Kardex offers the Kardex Megamat and Kardex Shuttle storage units, which efficiently store and retrieve medications, instruments, beds, bed covers, pillows, and food trolleys, among other items. Advantages of ASRS, such as dust-free, space-saving, climate-controlled storage, effective inventory management, multifunctionality in intralogistics, and preventive maintenance, are expected to foster a favorable environment for participants in the automated storage and retrieval system market over the coming years.

CHALLENGE: Longer ROI periods for small warehouses

The return on investment (ROI) for automated storage and retrieval systems (ASRS) varies significantly depending on factors, such as warehouse size, operational scale, and transaction volumes. In large-sized facilities, specifically in the e-commerce and automotive industries, ROI is faster due to heavy transaction volumes and constant movement of items. Therefore, these operations using ASRS can decrease labor costs, increase efficiency, and enhance order accuracy with early benefits in terms of finance and process effectiveness.

The smaller warehouses or facilities with low throughput have a longer ROI. These operations take longer to recover their investment in ASRS as the volumes of their inventory and frequencies of transactions are too low to fully utilize the benefits offered by the system. A business with seasonal operations or volatile demand patterns will find it harder to achieve cost efficiency. Off-peak operation times reduce the utilization of ASRS and stretch the payback period.

Long-term operational advantages, such as efficiency, accuracy, and less dependency on manual labor, strongly motivate users to invest in ASRS. This often discourages smaller businesses or those with fluctuating demand from investing in ASRS. Specific strategies would then have to be crafted to justify investment for low or fluctuating operational volume facilities.

Global Automated Storage and Retrieval System Market Ecosystem Analysis

Key players operating in the automated storage and retrieval system market are TGW Logistics Group (Austria), Kardex (Switzerland), Daifuku Co., Ltd. (Japan), Murata Manufacturing Co., Ltd. (Japan), and SSI SCHAEFER (Germany). These companies boast a comprehensive product portfolio and have a strong geographic footprint. Players in this market have adopted various growth strategies, including partnerships and product range expansions, to increase their foothold in the market. The market ecosystem has several participants, and each participant, from component provider to software and service provider, has played a crucial role in developing and deploying automated storage and retrieval systems worldwide.

Top Companies in Automated Storage and Retrieval System Market
 

Vertical lift module (VLM) segment to record highest CAGR between 2025 and 2030

The Vertical Lift Module (VLM) segment is projected to witness the highest CAGR in the automated storage and retrieval system market during the forecast period. VLMs are increasingly popular due to their compact design, which maximizes vertical space utilization and minimizes the footprint required for storage. These systems are equipped with advanced technologies, such as automated trays and ergonomic designs, ensuring faster and more accurate material handling processes.

Industries, such as e-commerce, automotive, and pharmaceuticals, are at the forefront of adopting VLMs as they help streamline workflows, cut labor costs, and boost operational efficiency. VLMs enhance inventory management by allowing real-time tracking, integrating smoothly with warehouse management systems (WMS), and improving picking accuracy, which makes them essential in supply chains.

The integration of IoT and AI technologies in VLMs further enhances their functionalities by offering predictive maintenance and real-time performance monitoring, reducing downtime and operational inefficiencies. As more companies focus on automation to sustain the growing demand and improve productivity in pursuit of sustainable goals, it is expected that VLMs will continue to be a key driver for the automated storage and retrieval system market as they maintain the leadership position within the automation domain.

Automotive segment accounted for significant market share in 2024

The automotive segment captured a significant share of the automated storage and retrieval system market in 2024 due to the focus on efficiency, precision, and streamlined operations. ASRS solutions are commonly utilized in automotive manufacturing and supply chains to manage components, oversee inventories, and optimize space in warehouses and production areas. The mentioned systems improve efficiency by enhancing the quick retrieval and storage of items, such as engines, spare parts, and assembly parts that are heavy and voluminous, minimizing downtime and increasing operational performance.

Integration of advanced technologies, including robotics, IoT, and artificial intelligence, has increased the adoption of ASRS in the automotive sector. These technologies ensure uninterrupted operations, the tracking of real-time inventories, and predictive maintenance features, which are highly important in a competitive and dynamic market. The rising demand for electric vehicles and their specialized components has also increased the need for ASRS, especially to manage complex supply chains and ensure production efficiency. ASRS solutions will remain pivotal to the automobile industry’s development and competitiveness due to their flexibility in responding to the needs that arise within it. With more companies adopting automation due to the efficiency, safety, and scalability involved, the market for the automotive segment will grow considerably.

North America Captured Second-Largest Share Of Automated Storage And Retrieval System Market In 2024

North America held a significant share of the automated storage and retrieval system market in 2024. This is driven by the early adoption of advanced technologies, well-established industrial infrastructure, and the growing emphasis on automation across sectors. Established sectors in the region, such as e-commerce, automotive, pharmaceuticals, and food & beverages, heavily rely on advanced storage and retrieval systems to improve efficiency, reduce operational costs, and meet the growing demands of consumers. The growing emphasis on supply chain optimization and warehouse automation, especially in the US and Canada, has augmented the demand for ASRS. Additionally, the expansion of e-commerce platforms and the necessity for quicker order fulfillment and precise inventory management have further boosted market growth.

Technologies, such as IoT-enabled ASRS and AI-powered analytics, are enhancing the North American automated storage and retrieval system market’s ability to streamline operations and achieve sustainability objectives. By focusing on boosting productivity and competitiveness, the region is poised to maintain its leadership position in the global market.

Furthermore, the increasing labor expenses and a shortage of workers are prompting North American companies to embrace automated solutions. Organizations are incorporating ASRS systems to improve scalability, guarantee operational effectiveness, and meet rising demands in sectors, such as e-commerce and logistics.

LARGEST MARKET SHARE IN 2025-2030
ASIA PACIFIC FASTER-GROWING MARKET IN REGION
Automated Storage and Retrieval System Market Size and Share

Recent Developments of Automated Storage and Retrieval System Market

  • In November 2024, Kardex partnered with Douglas Pharmaceuticals Limited to install New Zealand’s first AutoStore system. This automated storage and retrieval system enhances storage efficiency and innovation.
  • In October 2024, SSI SCHAEFER partnered with ALP to provide infrastructure for OMEGA 1 Bukit Raja, a smart warehouse featuring a high-bay racking system. This warehouse in Selangor, Malaysia, will be the largest automated facility in Southeast Asia, covering 1.8 million square feet.
  • In April 2024, Daifuku Co., Ltd. modified its Shiga Works facility to enhance production capacity and optimize logistics. Building G will include a cleanroom designed for semiconductor and LCD production systems, while Building M will focus on managing maintenance parts and manufacturing automated guided vehicles (AGVs).
  • In March 2024, SSI SCHAEFER introduced LOGIONE, a standalone software solution for the SSI LOGIMAT Vertical Lift Module. With intuitive and self-explanatory user interfaces, it simplifies storage location and article management, requiring no training.
  • In March 2024, LivePick has a highly modular structure consisting of a source and a target area, independent from each other, which are divided into individual modules. In the source area, robots handle storage and retrieval in an innovative storage system. Mobile robots then transport the order cartons to ergonomic 1:1 picking workstations. This combination enables highly flexible order fulfillment in daily operations.

Key Market Players

List of Top Automated Storage and Retrieval System Market

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Scope of the Report

Report Attribute Details
Market size available for years 2021–2030
Base year considered 2024
Forecast period 2025–2030
Forecast units Value (USD Billion)
Segments Covered By Type, By Payload Capacity, By Industry and Region
Regions covered North America, Europe, Asia Pacific, Middle East and Rest of the World

Key Questions Addressed by the Report

What is the CAGR for the automated storage and retrieval system market during 2025–2030?
The global automated storage and retrieval system market is expected to record a CAGR of 8.5% from 2025–2030.
What are the driving factors for the automated storage and retrieval system market?
Key drivers of the automated storage and retrieval system market include the rising demand for automation solutions in various industries, the increased focus on enhancing workplace safety, the marked shift to mass customization from mass production, the growing demand for material handling technology, and the rising demand in the e-commerce sector.
Which are the significant players operating in the automated storage and retrieval system market?
TGW Logistics Group (Austria), Kardex (Switzerland), Daifuku Co., Ltd. (Japan), Murata Manufacturing Co., Ltd. (Japan), and SSI SCHAEFER (Germany) are some major companies operating in the automated storage and retrieval system market.
What is the impact of AI on the automated storage and retrieval system market?
AI is transforming the automated storage and retrieval system market by enhancing efficiency, precision, and scalability in warehouse operations. AI-driven systems optimize storage allocation, automate inventory tracking, and improve retrieval speed, reducing operational costs and errors.
Which region is expected to offer lucrative opportunities for players in the automated storage and retrieval system market by 2030?
During the forecast period, Asia Pacific is expected to emerge as a hub for players in the automated storage and retrieval system market.

 

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Table Of Contents

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TITLE
PAGE NO
INTRODUCTION
22
RESEARCH METHODOLOGY
27
EXECUTIVE SUMMARY
38
PREMIUM INSIGHTS
42
MARKET OVERVIEW
45
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Increased adoption of IoT-based security systems and cloud computing platforms
    - Expansion of smart infrastructure
    - Need to manage global security from centralized location
    - Shift toward subscription-based business models
    RESTRAINTS
    - Unauthorized access and data breach
    - Low upfront costs and flexibility
    OPPORTUNITIES
    - Rapid urbanization in developing countries
    - Shift toward cloud-based ACaaS
    - Integration with employee management and HR systems
    CHALLENGES
    - Risks associated with free access control services
    - Multiple regulatory framework
  • 5.3 VALUE CHAIN ANALYSIS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 INVESTMENT AND FUNDING SCENARIO
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.7 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SERVICE TYPE
    AVERAGE SELLING PRICE TREND, BY SERVICE TYPE
    AVERAGE SELLING PRICE TREND, BY REGION
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Biometric authentication
    - AI and ML
    - Cloud computing
    COMPLEMENTARY TECHNOLOGIES
    - Video surveillance systems
    - Smart cards and NFC
    - Integration of IoT
    - Facial recognition
    ADJACENT TECHNOLOGIES
    - Building management systems
    - Smart homes
  • 5.9 IMPACT OF AI/GENERATIVE AI ON ACAAS MARKET
    INTRODUCTION
    TOP USE CASES AND MARKET POTENTIAL
    - Facial recognition
    - Predictive analytics
    - Integrated access management
    - Automated incident response
  • 5.10 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.11 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.12 CASE STUDY ANALYSIS
    KASTLE PROVIDED WHARF WITH CLOUD-MANAGED SYSTEM THAT OFFERED AI-DRIVEN VIDEO ANALYTICS
    CITY OF HOBBS IMPLEMENTED SYMMETRY ACCESS CONTROL THAT BOOSTED VIDEO SECURITY SYSTEMS
    HONEYWELL ASSISTED MONROE COUNTY WITH MAXPRO CLOUD THAT BOOSTED BUSINESS DEVELOPMENT
    KISI'S HELPED PEACHTREE CORNERS WITH CLOUD-BASED ACCESS CONTROL SYSTEM THAT INCREASED EFFICIENCY AND SECURITY
    SAN DIEGO INTERNATIONAL AIRPORT UPGRADED SECURITY SYSTEM WITH IDENTIV’S VELOCITY VISION VMS
    HOFBRÄUHAUS ADOPTED ECLIQ SOLUTION BY ASSA ABLOY TO PROVIDE LIMITED ACCESS TO THIRD-PARTY SERVICE PROVIDERS
  • 5.13 TRADE ANALYSIS
    IMPORT SCENARIO (HS CODE 854370)
    EXPORT SCENARIO (HS CODE 854370)
  • 5.14 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    REGULATIONS
    - US
    - Canada
    - Europe
    - India
    STANDARDS
    - ISO/IEC 27001
    - NIST SP 800-53
    - PCI DSS (Payment Card Industry Data Security Standard)
    - SOC 2 (System and Organization Controls 2)
    - FIPS 201 (Federal Information Processing Standards)
  • 5.15 PATENT ANALYSIS
  • 5.16 KEY CONFERENCES AND EVENTS, 2024–2026
ACCESS CONTROL MODELS
86
  • 6.1 INTRODUCTION
  • 6.2 DISCRETIONARY ACCESS CONTROL
  • 6.3 MANDATORY ACCESS CONTROL
  • 6.4 ROLE-BASED ACCESS CONTROL
  • 6.5 RULE-BASED ACCESS CONTROL
  • 6.6 ATTRIBUTE-BASED ACCESS CONTROL
  • 6.7 RISK-ADAPTIVE ACCESS CONTROL
  • 6.8 IDENTITY-BASED ACCESS CONTROL
  • 6.9 POLICY-BASED ACCESS CONTROL
AUTHENTICATION METHODS IN ACAAS
92
  • 7.1 INTRODUCTION
  • 7.2 SINGLE-FACTOR
  • 7.3 TWO-FACTOR
  • 7.4 MULTI-FACTOR
  • 7.5 PASSWORD-LESS
TYPES OF ACCESS CONTROL DEVICES
95
  • 8.1 INTRODUCTION
  • 8.2 CARD-BASED READERS
  • 8.3 BIOMETRIC READERS
  • 8.4 ELECTRONIC LOCKS
  • 8.5 KEYPAD DEVICES
  • 8.6 MOBILE ACCESS DEVICES
  • 8.7 OTHER ACCESS CONTROL DEVICES
ACAAS MARKET, BY SERVICE TYPE
98
  • 9.1 INTRODUCTION
  • 9.2 HOSTED
    INCREASING DEMAND FOR USER-FRIENDLY PLATFORMS TO DRIVE MARKET
  • 9.3 MANAGED
    GROWING NEED TO BOOST SECURITY FOR HIGH-VALUE ASSETS TO FUEL MARKET GROWTH
  • 9.4 HYBRID
    IMPROVED THREAT VISIBILITY AND MINIMIZED CYBER SECURITY RISKS TO ACCELERATE DEMAND
    ACAAS MARKET, BY CLOUD DEPLOYMENT
ACAAS MARKET, BY CLOUD DEPLOYMENT
105
  • 10.1 INTRODUCTION
  • 10.2 PUBLIC CLOUD
    CONVENIENCE OF PAY-AS-YOU-GO MODEL TO DRIVE MARKET
  • 10.3 PRIVATE CLOUD
    GROWING DEMAND CUSTOMIZED SOLUTIONS TO FUEL MARKET GROWTH
  • 10.4 HYBRID CLOUD
    RISING DEMAND FOR FLEXIBILITY IN ALLOCATION OF DATA AND RESOURCES TO ACCELERATE DEMAND
ACAAS MARKET, BY VERTICAL
112
  • 11.1 INTRODUCTION
  • 11.2 COMMERCIAL
    ABILITY TO INTEGRATE WITH HVAC, LIGHTING, AND FIRE ALARMS TO BOOST DEMAND
  • 11.3 MANUFACTURING AND INDUSTRIAL
    ADVENT OF INDUSTRY 4.0 TO FUEL MARKET GROWTH
  • 11.4 GOVERNMENT
    PRESSING NEED TO RESTRICT UNAUTHORIZED ENTRY INTO GOVERNMENT BUILDINGS TO ACCELERATE DEMAND
  • 11.5 HEALTHCARE
    GROWING DEMAND FOR REMOTE MONITOR ACCESS TO DRIVE MARKET
  • 11.6 EDUCATION
    SURGING NEED TO MONITOR MOVEMENT OF PERSONS AND VEHICLES TO BOOST DEMAND
  • 11.7 RESIDENTIAL
    INCREASING DEMAND TO SECURE AND MANAGE ENTRANCES CENTRALLY TO FUEL MARKET GROWTH
  • 11.8 TRANSPORTATION
    RISING CRIMINAL ACTIVITIES AND TERROR THREATS TO SPUR DEMAND
  • 11.9 RETAIL
    RAPID GROWTH OF RETAIL STORES AND MALLS IN URBAN AREAS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
ACAAS MARKET, BY REGION
129
  • 12.1 INTRODUCTION
  • 12.2 NORTH AMERICA
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    US
    - Increasing adoption of cloud-based security solutions to boost demand
    CANADA
    - Adoption of advanced security technologies in organizations to fuel market growth
    MEXICO
    - Rising adoption of cutting-edge home automation and security solutions to spur demand
  • 12.3 EUROPE
    MACROECONOMIC OUTLOOK FOR EUROPE
    UK
    - Government-led initiatives to monitor criminal activities to drive market
    GERMANY
    - Emphasis on enforcing privacy laws to fuel market growth
    FRANCE
    - Increasing smart city initiatives to accelerate demand
    REST OF EUROPE
  • 12.4 ASIA PACIFIC
    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
    CHINA
    - Rising emphasis on developing 5G network to drive market
    JAPAN
    - Presence of technologically advanced manufacturing industry to boost demand
    SOUTH KOREA
    - Adoption of advanced biometric systems and AI-powered solutions to fuel market growth
    INDIA
    - Growing emphasis on developing security solutions to accelerate demand
    REST OF ASIA PACIFIC
  • 12.5 ROW
    MACROECONOMIC OUTLOOK FOR ROW
    SOUTH AMERICA
    - Growing number of commercial projects to drive market
    MIDDLE EAST
    - Increasing need to protect critical assets to fuel market growth
    - GCC countries
    - Rest of Middle East
    AFRICA
    - Rising crime rate to accelerate demand
COMPETITIVE LANDSCAPE
156
  • 13.1 OVERVIEW
  • 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
  • 13.3 REVENUE ANALYSIS, 2019–2023
  • 13.4 MARKET SHARE ANALYSIS, 2023
  • 13.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 13.6 BRAND/PRODUCT COMPARISON
  • 13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Service type footprint
    - Cloud deployment type footprint
    - Vertical footprint
    - Region footprint
  • 13.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 13.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    OTHER DEVELOPMENTS
COMPANY PROFILES
175
  • 14.1 KEY COMPANIES
    JOHNSON CONTROLS INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HONEYWELL INTERNATIONAL INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    THALES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ASSA ABLOY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    DORMAKA GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IDENTIV, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    HID GLOBAL CORPORATION, PART OF ASSA ABLOY
    - Business overview
    - Products/Solutions/Services offered
    KASTLE SYSTEMS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    AMAG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    BRIVO SYSTEMS, LLC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    COULDASTRUCTURE INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 14.2 OTHER PLAYERS
    SECURITAS TECHNOLOGY
    DATAWATCH SYSTEMS
    TELCRED
    FORCEFIELD SYSTEMS
    VANDERBILT INDUSTRIES
    KISI INC.
    ACRE SECURITY
    SERVSYS
    SPECTRA TECHNOVISION (INDIA) PVT. LTD.
    M3T CORPORATION
    VECTOR SECURITY NETWORKS
    DELINEA
    GALLAGHER GROUP LIMITED
    DSX ACCESS SYSTEMS INC.
    ZKTECO CO., LTD.
    GENETEC INC.
APPENDIX
220
  • 15.1 INSIGHTS OF INDUSTRY EXPERTS
  • 15.2 DISCUSSION GUIDE
  • 15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 15.4 CUSTOMIZATION OPTIONS
  • 15.5 RELATED REPORTS
  • 15.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 ACAAS MARKET: RESEARCH ASSUMPTIONS
  • TABLE 2 ROLES OF COMPANIES IN ACAAS ECOSYSTEM
  • TABLE 3 AVERAGE SELLING PRICE TREND OF ACAAS, BY SERVICE TYPE, 2019–2023 (USD/DOOR/MONTH)
  • TABLE 4 ACAAS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE
  • TABLE 6 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • TABLE 7 IMPORT DATA FOR HS CODE 854370-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 8 EXPORT DATA FOR HS CODE 854370-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 LIST OF APPLIED/GRANTED PATENTS RELATED TO ACAAS, 2023–2024
  • TABLE 14 ACAAS MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2026
  • TABLE 15 ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 16 ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 17 HOSTED: ACAAS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 18 HOSTED: ACAAS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 19 MANAGED: ACAAS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 20 MANAGED: ACAAS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 21 HYBRID: ACAAS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 22 HYBRID: ACAAS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 23 ACAAS MARKET, BY CLOUD DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 24 ACAAS MARKET, BY CLOUD DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 25 PUBLIC CLOUD: ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 26 PUBLIC CLOUD: ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 27 PRIVATE CLOUD: ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 28 PRIVATE CLOUD: ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 29 HYBRID CLOUD: ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 30 HYBRID CLOUD: ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 31 ACAAS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 32 ACAAS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 33 COMMERCIAL: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 34 COMMERCIAL: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 35 COMMERCIAL: ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 36 COMMERCIAL: ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 37 MANUFACTURING AND INDUSTRIAL: ACAAS MARKET, BY SERVICE TYPE,
  • TABLE 38 MANUFACTURING AND INDUSTRIAL: ACAAS MARKET, BY SERVICE TYPE,
  • TABLE 39 MANUFACTURING AND INDUSTRIAL: ACAAS MARKET, BY REGION,
  • TABLE 40 MANUFACTURING AND INDUSTRIAL: ACAAS MARKET, BY REGION,
  • TABLE 41 GOVERNMENT: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 42 GOVERNMENT: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 43 GOVERNMENT: ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 44 GOVERNMENT: ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 45 HEALTHCARE: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 46 HEALTHCARE: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 47 HEALTHCARE: ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 48 HEALTHCARE: ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 49 EDUCATION: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 50 EDUCATION: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 51 EDUCATION: ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 52 EDUCATION: ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 53 RESIDENTIAL: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 54 RESIDENTIAL: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 55 RESIDENTIAL: ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 56 RESIDENTIAL: ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 57 TRANSPORTATION: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 58 TRANSPORTATION: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 59 TRANSPORTATION: ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 60 TRANSPORTATION: ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 61 RETAIL: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 62 RETAIL: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 63 RETAIL: ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 64 RETAIL: ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 65 ACAAS MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 66 ACAAS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 67 NORTH AMERICA: ACAAS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 68 NORTH AMERICA: ACAAS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 69 NORTH AMERICA: ACAAS MARKET, BY CLOUD DEPLOYMENT,
  • TABLE 70 NORTH AMERICA: ACAAS MARKET, BY CLOUD DEPLOYMENT,
  • TABLE 71 NORTH AMERICA: ACAAS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 72 NORTH AMERICA: ACAAS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 73 US: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 74 US: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 75 EUROPE: ACAAS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 76 EUROPE: ACAAS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 77 EUROPE: ACAAS MARKET, BY CLOUD DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 78 EUROPE: ACAAS MARKET, BY CLOUD DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 79 EUROPE: ACAAS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 80 EUROPE: ACAAS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 81 UK: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 82 UK: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 83 GERMANY: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 84 GERMANY: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 85 ASIA PACIFIC: ACAAS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 86 ASIA PACIFIC: ACAAS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 87 ASIA PACIFIC: ACAAS MARKET, BY CLOUD DEPLOYMENT,
  • TABLE 88 ASIA PACIFIC: ACAAS MARKET, BY CLOUD DEPLOYMENT,
  • TABLE 89 ASIA PACIFIC: ACAAS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 90 ASIA PACIFIC: ACAAS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 91 JAPAN: ACAAS MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 92 JAPAN: ACAAS MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 93 ROW: ACAAS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 94 ROW: ACAAS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 95 ROW: ACAAS MARKET, BY CLOUD DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 96 ROW: ACAAS MARKET, BY CLOUD DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 97 ROW: ACAAS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 98 ROW: ACAAS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 99 MIDDLE EAST: ACAAS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 100 MIDDLE EAST: ACAAS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 101 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
  • TABLE 102 ACAAS MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 103 ACAAS MARKET: SERVICE TYPE FOOTPRINT
  • TABLE 104 ACAAS MARKET: CLOUD DEPLOYMENT TYPE FOOTPRINT
  • TABLE 105 ACAAS MARKET: VERTICAL FOOTPRINT
  • TABLE 106 ACAAS MARKET: REGION FOOTPRINT
  • TABLE 107 ACAAS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 108 ACAAS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 109 ACCAS MARKET: PRODUCT LAUNCHES, JANUARY 2020–JANUARY 2025
  • TABLE 110 ACCAS MARKET: DEALS, JANUARY 2020–JANUARY 2025
  • TABLE 111 ACCAS MARKET: OTHER DEVELOPMENTS, JANUARY 2020–JANUARY 2025
  • TABLE 112 JOHNSON CONTROLS INC.: COMPANY OVERVIEW
  • TABLE 113 JOHNSON CONTROLS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 114 JOHNSON CONTROLS INC.: PRODUCT LAUNCHES
  • TABLE 115 JOHNSON CONTROLS INC.: DEALS
  • TABLE 116 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
  • TABLE 117 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 118 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
  • TABLE 119 HONEYWELL INTERNATIONAL INC.: DEALS
  • TABLE 120 THALES: COMPANY OVERVIEW
  • TABLE 121 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 122 THALES: DEALS
  • TABLE 123 ASSA ABLOY: COMPANY OVERVIEW
  • TABLE 124 ASSA ABLOY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 125 ASSA ABLOY: PRODUCT LAUNCHES
  • TABLE 126 ASSA ABLOY: DEALS
  • TABLE 127 ASSA ABLOY: OTHERS
  • TABLE 128 DORMAKA GROUP: COMPANY OVERVIEW
  • TABLE 129 DORMAKA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 130 DORMAKA GROUP: DEALS
  • TABLE 131 IDENTIV, INC.: BUSINESS OVERVIEW
  • TABLE 132 IDENTIV, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 133 IDENTIV, INC.: PRODUCT LAUNCHES
  • TABLE 134 IDENTIV, INC.: DEALS
  • TABLE 135 HID GLOBAL CORPORATION, PART OF ASSA ABLOY: COMPANY OVERVIEW
  • TABLE 136 HID GLOBAL CORPORATION, PART OF ASSA ABLOY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 137 KASTLE SYSTEMS: BUSINESS OVERVIEW
  • TABLE 138 KASTLE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 139 KASTLE SYSTEMS: PRODUCT LAUNCHES
  • TABLE 140 KASTLE SYSTEMS: DEALS
  • TABLE 141 AMAG: COMPANY OVERVIEW
  • TABLE 142 AMAG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 143 AMAG: PRODUCT LAUNCHES
  • TABLE 144 BRIVO SYSTEMS, LLC: BUSINESS OVERVIEW
  • TABLE 145 BRIVO SYSTEMS, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 146 BRIVO SYSTEMS, LLC: DEALS
  • TABLE 147 CLOUDASTRUCTURE INC.: COMPANY OVERVIEW
  • TABLE 148 CLOUDASTRUCTURE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 149 CLOUDASTRUCTURE INC.: PRODUCT LAUNCHES
  • TABLE 150 SECURITAS TECHNOLOGY: COMPANY OVERVIEW
  • TABLE 151 DATAWATCH SYSTEMS: COMPANY OVERVIEW
  • TABLE 152 TELCRED: COMPANY OVERVIEW
  • TABLE 153 FORCEFIELD SYSTEMS: COMPANY OVERVIEW
  • TABLE 154 VANDERBILT INDUSTRIES: COMPANY OVERVIEW
  • TABLE 155 KISI INC.: COMPANY OVERVIEW
  • TABLE 156 ACRE SECURITY: COMPANY OVERVIEW
  • TABLE 157 SERVSYS: COMPANY OVERVIEW
  • TABLE 158 SPECTRA TECHNOVISION (INDIA) PVT. LTD.: COMPANY OVERVIEW
  • TABLE 159 M3T CORPORATION: COMPANY OVERVIEW
  • TABLE 160 VECTOR SECURITY NETWORKS: COMPANY OVERVIEW
  • TABLE 161 DELINEA: COMPANY OVERVIEW
  • TABLE 162 GALLAGHER GROUP LIMITED: COMPANY OVERVIEW
  • TABLE 163 DSX ACCESS SYSTEMS INC.: COMPANY OVERVIEW
  • TABLE 164 ZKTECO CO., LTD.: COMPANY OVERVIEW
  • TABLE 165 GENETEC INC.: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 ACAAS MARKET SEGMENTATION AND REGIONAL SCOPE
  • FIGURE 2 ACAAS MARKET: RESEARCH DESIGN
  • FIGURE 3 ACAAS MARKET SIZE ESTIMATION
  • FIGURE 4 ACAAS MARKET: BOTTOM-UP APPROACH
  • FIGURE 5 ACAAS MARKET: TOP-DOWN APPROACH
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE): REVENUE GENERATED BY ACAAS PROVIDERS
  • FIGURE 7 DATA TRIANGULATION
  • FIGURE 8 HYBRID SEGMENT TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 9 PRIVATE CLOUD SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 10 RESIDENTIAL VERTICAL TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 11 ASIA PACIFIC DOMINATED MARKET IN 2023
  • FIGURE 12 INCREASED ADOPTION OF IOT-BASED SECURITY SYSTEMS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
  • FIGURE 13 MANAGED SEGMENT TO DOMINATE MARKET IN 2029
  • FIGURE 14 PUBLIC CLOUD TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 15 HOSTED SERVICE TYPE AND US HELD LARGEST SHARES OF NORTH AMERICAN MARKET IN 2023
  • FIGURE 16 COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
  • FIGURE 17 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 18 ACAAS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 19 GLOBAL IOT MARKET GROWTH, 2019–2030
  • FIGURE 20 ACAAS MARKET: IMPACT ANALYSIS OF DRIVERS
  • FIGURE 21 ACAAS MARKET: IMPACT ANALYSIS OF RESTRAINTS
  • FIGURE 22 ACAAS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
  • FIGURE 23 ACAAS MARKET: IMPACT ANALYSIS OF CHALLENGES
  • FIGURE 24 ACAAS MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 25 ACAAS MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 26 INVESTMENT AND FUNDING SCENARIO
  • FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 28 AVERAGE SELLING PRICE TREND OF SERVICE TYPES OFFERED BY KEY PLAYERS
  • FIGURE 29 AVERAGE SELLING PRICE TREND OF ACAAS, BY SERVICE TYPE, 2019–2023
  • FIGURE 30 AVERAGE SELLING PRICE TREND OF ACAAS, BY REGION, 2020–2023
  • FIGURE 31 IMPACT OF AI/GENERATIVE AI ON ACAAS MARKET
  • FIGURE 32 PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 33 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS
  • FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • FIGURE 35 IMPORT DATA FOR HS CODE 854370-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
  • FIGURE 36 EXPORT DATA FOR HS CODE 854370-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
  • FIGURE 37 PATENTS APPLIED AND GRANTED, 2015–2024
  • FIGURE 38 HYBRID SERVICES TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 39 PUBLIC CLOUD SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
  • FIGURE 40 ACAAS MARKET, BY VERTICAL
  • FIGURE 41 COMMERCIAL SEGMENT TO DOMINATE MARKET IN 2024
  • FIGURE 42 NORTH AMERICA TO CLAIM LARGEST MARKET SHARE IN 2029
  • FIGURE 43 NORTH AMERICA: ACAAS MARKET SNAPSHOT
  • FIGURE 44 US TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 45 EUROPE: ACAAS MARKET SNAPSHOT
  • FIGURE 46 GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 47 ASIA PACIFIC: ACAAS MARKET SNAPSHOT
  • FIGURE 48 INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 49 ROW: ACAAS MARKET SNAPSHOT
  • FIGURE 50 MIDDLE EAST TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 51 ACAAS MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023
  • FIGURE 52 MARKET SHARE ANALYSIS OF KEY PLAYERS OFFERING ACAAS, 2023
  • FIGURE 53 COMPANY VALUATION, 2024
  • FIGURE 54 FINANCIAL METRICS, 2024 (EV/EBITDA)
  • FIGURE 55 ACAAS MARKET: BRAND/PRODUCT COMPARISON
  • FIGURE 56 ACAAS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 57 ACAAS MARKET: COMPANY FOOTPRINT
  • FIGURE 58 ACAAS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 59 JOHNSON CONTROLS INC.: COMPANY SNAPSHOT
  • FIGURE 60 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
  • FIGURE 61 THALES: COMPANY SNAPSHOT
  • FIGURE 62 ASSA ABLOY: COMPANY SNAPSHOT
  • FIGURE 63 DORMAKA GROUP: COMPANY SNAPSHOT
  • FIGURE 64 IDENTIV, INC.: COMPANY SNAPSHOT

The study involved four major activities in estimating the current size of the automated storage & retrieval system market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the automated storage & retrieval system market.

Secondary Research

Various secondary sources have been referred to in the secondary research process to identify and collect information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research..

Primary Research

Extensive primary research was conducted after gaining knowledge about the current scenario of the automated storage & retrieval system market through secondary research. Several primary interviews were conducted with experts from the demand and supply sides across four major regions—North America, Europe, Asia Pacific and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

Automated Storage and Retrieval System Market Size, and Share

Note: The three tiers of the companies are defined based on their total revenue in 2023: Tier 1 - revenue greater than USD 1 billion; Tier 2 - revenue between USD 500 million and USD 1 billion; and Tier 3 revenue less than or equal to USD 500 million. Other designations include sales managers, marketing managers, and product managers.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the automated storage & retrieval system market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:

  • Major players in the industry and markets have been identified through extensive secondary research.
  • The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Automated Storage and Retrieval System Market : Top-Down and Bottom-Up Approach

Automated Storage and Retrieval System Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall size of the automated storage & retrieval system market from the market size estimation process explained above, the total market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Market Definition

The Automated Storage & Retrieval System market develops, produces, and implements sophisticated systems to automate the storage and retrieval of goods in industrial, commercial, and logistics environments. Unit-load, mini-load, vertical lift modules (VLM), carousels, and Mid load ASRS solutions include automated storage & retrieval systems with the latest technologies of robotics, machine learning, and advanced sensors for optimized storage density, increased retrieval speed, and minimum human intervention. With the growing trend of Industry 4.0, an increasing focus on efficient inventory management, and a rapidly growing trend toward automation to minimize operational costs, ASRS has become an essential component of modern warehousing, manufacturing, and supply chain operations that support higher productivity and accuracy in material handling processes.

Key Stakeholders

  • Associations, forums, and alliances related to automated storage and retrieval systems
  • Assembly and packaging vendors
  • Electronic hardware equipment manufacturers
  • Companies from verticals such as automotive, chemicals, aviation, semiconductor & electronics, e-commerce, retail, food & beverages, healthcare, and metals & heavy machinery
  • Integrated device manufacturers (IDMs)
  • Original device manufacturers (ODMs)
  • Original equipment manufacturers (OEMs)
  • Original technology designers and suppliers
  • Raw material suppliers
  • Research institutes and organizations
  • Standard organizations and regulatory authorities related to the material-handling industry
  • System integrators

Report Objectives

  • To define, describe, and forecast the automated storage & retrieval system market, in terms of value, by type, payload capacity, industry, and region.
  • To forecast the market size, in terms of value, by region—North America, Europe, Asia Pacific, and the Rest of the World.
  • To provide detailed information regarding the major factors influencing the growth of the market, namely, drivers, restraints, opportunities, and challenges.
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market.
  • To analyze the probable impact of the recession on the market in the future.
  • To study the complete value chain of the automated storage & retrieval system ecosystem, along with market trends and use cases.
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market.
  • To strategically profile key players and comprehensively analyze their core competencies along with detailing the competitive landscape for market leaders.
  • To analyze competitive developments such as product launches, acquisitions, partnerships, and expansions in the automated storage & retrieval system market.
  • To benchmark market players using the company evaluation quadrant, which analyzes players based on various parameters within broad business categories and product strategies.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Previous Versions of this Report

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