Latin America Pin-Based Access Control Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Latin America Pin-Based Access Control Market Report is Segmented by Component (Hardware, Software), by Organization Size (SMEs, Large Enterprises), by End-User Industry (Banking and Financial Services, Government Services, Retail, IT and Telecommunications, Healthcare, Power and Utilities, Residential, and Others), by Country (Brazil, Mexico, Argentina, Rest of Latin America). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Latin America Pin-based Access Control Market Size

Compare market size and growth of Latin America Pin-based Access Control Market with other markets in Technology, Media and Telecom Industry

Latin America Pin-based Access Control Market Analysis

The Latin America Pin-based Access Control Market size is estimated at USD 76.70 million in 2025, and is expected to reach USD 95.59 million by 2030, at a CAGR of 4.5% during the forecast period (2025-2030).

  • Rising concerns over privacy and security, coupled with a surge in data theft, are key drivers propelling market growth. In recent years, Latin America has witnessed a surge in thefts and crime rates, raising significant concerns about the safety of individuals, assets, and operations. These trends have not only led to substantial infrastructure damage but also tragically claimed numerous lives. Access control systems play a significant role in modern security measures. These systems bolster property security and streamline entry for authorized personnel while effectively blocking unauthorized access.
  • Furthermore, pin-based access controls are easily scalable, which makes them suitable for SMEs who want to secure their data without having to spend extra money. Several organizations are upgrading to pin-based attendance systems to minimize the efforts, as the traditional method of keeping track of time and attendance resulted in expensive mistakes and aggravating inefficiencies because employees had to fill out paper timesheets to track their working hours.
  • In 2023, as reported by Brazil's Ministry of Defense, Sao Paulo, the city in Brazil witnessed over half a million theft cases, excluding vehicle theft, marking it as the most prevalent crime. Following closely, robberies accounted for nearly 222,000 incidents, making it the second most common offense. Moreover, as per the 2023 Brazilian Public Security Yearbook, certain states in Brazil exhibit elevated rates of vehicle robbery and theft. Rio de Janeiro, reporting 562 incidents per 100,000 vehicles in 2022, is topping this list. Following closely is Pernambuco, situated in the Northeast, with 534 cases per 100,000 vehicles. Such activities create a huge demand for access control solutions.
  • Despite a projected contraction in 2025, the Mexican construction industry is set to rebound. This dip is largely attributed to high base effects and the culmination of significant infrastructure projects. In a proactive move, in November 2023, the Mexican government issued a decree focused on bolstering the nation's rail infrastructure. Simultaneously, they rolled out a recovery initiative, allocating a substantial MXN 69.9 billion (USD 3.4 billion) for revitalizing key infrastructure in Acapulco. Furthermore, as part of the 2024 Federal Budget Proposal, the government earmarked a net spending of MXN 9.1 trillion (USD 441.1 billion), marking a 4.3% increase from the 2023 budget. The increasing construction across the countries will propel the market growth in the coming years.
  • Additionally, biometrics authentication is rapidly increasing across various industries by providing more secure identity verification processes. This technology uses physical characteristics like facial recognition, fingerprint scan, voice recognition, and retina recognition to authenticate the user. The necessity for strict identity verification due to the accelerating adoption of transactional technologies is increasing the demand for biometrics access controls, which consumers prefer over traditional pin-based access control, hindering market growth.
  • The growing inflation rates have increased the cost of goods and services, including access control systems. Higher costs lead to reduced purchasing power for consumers and businesses, slowing market growth. Further, the ongoing war between Russia and Ukraine has disrupted the global supply chain, particularly affecting the availability and cost of electronic components and raw materials used in access control systems. This is leading to delays in production and increased costs for manufacturers.

Latin America Pin-based Access Control Industry Overview

The Latin America pin-based access control market is fragmented and has several players. Companies in the market continuously try to increase their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions, partnerships, and collaborations. A few prominent players include Johnson Controls, HID Global Corporation, Hangzhou Hikvision Digital Technology Co. Ltd, Honeywell International Inc., Thales Group, and many more.

Latin America Pin-based Access Control Market Leaders

  1. Bosch Security and Safety Systems

  2. HID Global Corporation

  3. Hangzhou Hikvision Digital Technology Co., Ltd.

  4. Johnson Controls International PLC

  5. Honeywell International Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF

Latin America Pin-based Access Control Market News

  • January 2025: HID has entered into a deal to purchase 3millID Corporation and Third Millennium Systems Ltd., broadening its physical access control offerings with additional products and market reach. This action comes after HID's latest strategic acquisitions, such as its acquisition of IXLA to enhance its secure credential services.
  • July 2024: Aqara unveiled its much-awaited Smart Lock U200; designed as a retrofit, this keyless solution redefines home access management. The U200 prioritizes convenience and advanced security. It seamlessly integrates with various smart home devices and ecosystems due to its native Matter compatibility.

Latin America Pin-based Access Control Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Privacy and Security Concerns
    • 5.1.2 Rising Demand for Advanced Security Solutions in Residential Segment
    • 5.1.3 Increasing Demand for smart door locks
  • 5.2 Market Challenges
    • 5.2.1 Integration Of Biometrics
    • 5.2.2 Easy Hacking of PINs

6. MARKET SEGMENTATION

  • 6.1 by Component
    • 6.1.1 Hardware
    • 6.1.2 Software
  • 6.2 By Organization Size
    • 6.2.1 SMEs
    • 6.2.2 Large Enterprises
  • 6.3 By End-user Industry
    • 6.3.1 Banking and Financial Services
    • 6.3.2 Government Services
    • 6.3.3 Retail
    • 6.3.4 IT and Telecommunications
    • 6.3.5 Healthcare
    • 6.3.6 Power and Utilities
    • 6.3.7 Residential
    • 6.3.8 Other End-user Industries
  • 6.4 By Country***
    • 6.4.1 Brazil
    • 6.4.2 Mexico
    • 6.4.3 Argentina

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 Johnson Controls
    • 7.1.2 HONEYWELL INTERNATIONAL INC.
    • 7.1.3 Bosch Security and Safety Systems
    • 7.1.4 HID Global Corporation
    • 7.1.5 Hangzhou Hikvision Digital Technology Co. Ltd
    • 7.1.6 Axis Communications AB
    • 7.1.7 Avigilon Corporation
    • 7.1.8 Napco Security Technologies Inc.
    • 7.1.9 Thales Group
    • 7.1.10 dormakaba Group
    • 7.1.11 Dahua Technology Co. Ltd
    • 7.1.12 Anviz Global Inc.

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

**Subject to Availability
***In the Final Report, by country segment will cover Brazil, Mexico, Argentina and Rest of Latin America
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Latin America Pin-based Access Control Industry Segmentation

Access control systems are an essential element of security that governs who is allowed access to specific information, applications, and data sources. It safeguards sensitive information, such as information of customers and intellectual property, from being stolen by malicious actors or unauthorized users. Pin-based access control is a popular method of authenticating consumer identity more efficiently.

The study tracks the revenue accrued through the sale of pin-based access control systems by various players in Latin America. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.

The Latin America pin-based access control market is segmented by component (hardware, software), by organization size (SMEs, large enterprises), by end-user industry (banking and financial services, government services, retail, IT and telecommunications, healthcare, power and utilities, residential, and others), by country (Brazil, Mexico, Argentina, Rest of Latin America). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

by Component Hardware
Software
By Organization Size SMEs
Large Enterprises
By End-user Industry Banking and Financial Services
Government Services
Retail
IT and Telecommunications
Healthcare
Power and Utilities
Residential
Other End-user Industries
By Country*** Brazil
Mexico
Argentina
Need A Different Region or Segment?
Customize Now

Latin America Pin-based Access Control Market Research Faqs

How big is the Latin America Pin-based Access Control Market?

The Latin America Pin-based Access Control Market size is expected to reach USD 76.70 million in 2025 and grow at a CAGR of 4.5% to reach USD 95.59 million by 2030.

What is the current Latin America Pin-based Access Control Market size?

In 2025, the Latin America Pin-based Access Control Market size is expected to reach USD 76.70 million.

Who are the key players in Latin America Pin-based Access Control Market?

Bosch Security and Safety Systems, HID Global Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Johnson Controls International PLC and Honeywell International Inc. are the major companies operating in the Latin America Pin-based Access Control Market.

What years does this Latin America Pin-based Access Control Market cover, and what was the market size in 2024?

In 2024, the Latin America Pin-based Access Control Market size was estimated at USD 73.25 million. The report covers the Latin America Pin-based Access Control Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Pin-based Access Control Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Latin America Pin-based Access Control Industry Report

Statistics for the 2025 Latin America Pin-based Access Control market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Pin-based Access Control analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Latin America Pin-based Access Control Market Report Snapshots

Latin America Pin-Based Access Control Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)