Global Digital Door Lock System Market Overview, 2023-28

Global Digital Door Lock System Market Overview, 2023-28

Security is a primary driver for the adoption of digital door lock systems globally. With rising concerns about burglary, theft, and unauthorized access, individuals and organizations are seeking advanced security solutions. Digital door lock systems offer features such as biometric authentication, access logs, and remote monitoring, enhancing the overall security of premises. Furthermore, the growing trend of smart homes and building automation systems is driving the adoption of digital door lock systems. These locks can be integrated with other smart devices and systems, allowing users to control access, monitor activities, and automate security features. Integration with voice assistants and mobile applications further enhances convenience and control. Moreover, the increasing adoption of the Internet of Things (IoT) is positively impacting the digital door lock system market. IoT integration enables remote access, real-time monitoring, and seamless connectivity with other devices and systems. This integration enhances security, efficiency, and overall home or building automation capabilities. In addition, Global urbanization and population growth are key drivers for the digital door lock system market. As more people reside in cities and urban areas, the demand for secure and efficient access control systems increases. Digital door lock systems cater to the needs of densely populated areas where traditional lock and key systems may not suffice.

According to the research report, Global Digital Door Lock System Market Overview, 2023-2028 published by Bonafide Research, the market is anticipated to across USD 26.78 Billion market size by 2028, increasing from USD 9.51 Billion in 2022. The market is projected to grow with 18.87% CAGR by 2023-28. As digital door lock systems become more connected and data-driven, there is a growing emphasis on data security and privacy. Manufacturers are implementing robust encryption protocols and secure communication channels to protect user data. Compliance with data protection regulations, such as GDPR (General Data Protection Regulation), is also becoming a priority for lock system manufacturers. Furthermore, mobile applications are playing a significant role in digital door lock systems, allowing users to manage access permissions, monitor activity logs, and control their locks remotely. Mobile apps provide a convenient and user-friendly interface for lock management, eliminating the need for physical keys or keycards. Additionally, app-based access can be easily granted or revoked for temporary users or service personnel. Moreover, cloud-based platforms are enabling advanced functionalities in digital door lock systems. Lock systems can securely store access logs, user profiles, and settings in the cloud, providing seamless access management across multiple devices and locations. Cloud integration allows for remote firmware updates, data backups, and data analytics, enhancing the overall functionality and user experience. In addition, artificial intelligence (AI) and machine learning (ML) technologies are being incorporated into digital door lock systems to enhance security and the user experience. AI algorithms can analyze access patterns, detect anomalies, and provide advanced threat detection. ML algorithms can learn user preferences and behaviors to optimize access control and personalize user experiences.

Based on access type, the market is divided into Face, Fingerprint, Iris, Vein & Palm, Voice, Signature, Keypad Locks, Magnetic Strike, Electric Strike, and Other. Fingerprint recognition is considered one of the most secure and accurate biometric authentication methods. Each person's fingerprint is unique, making it difficult to forge or replicate. The use of fingerprint technology in digital door lock systems provides a high level of security, ensuring that only authorized individuals with registered fingerprints can gain access. This makes fingerprint-based locks particularly appealing in applications where security is of utmost importance, such as government buildings, financial institutions, and high-security facilities. Moreover, while the initial investment for fingerprint-based digital door lock systems may be higher compared to traditional locks, they offer long-term cost savings. These systems eliminate the need for key duplication, rekeying, or card replacement, which can incur significant costs over time. Additionally, the reduced risk of unauthorized access and potential security breaches can save organisations from potential financial losses associated with theft, vandalism, or data breaches. In addition, keypad door lock systems are designed to withstand various weather conditions. They are often weatherproof and built with durable materials, making them suitable for both indoor and outdoor installations. This durability ensures reliable operation even in challenging environments, such as exposed entryways or areas prone to extreme temperatures or humidity.

Europe has a strong focus on security and safety measures, both at the individual and organizational levels. Digital door lock systems offer enhanced security features compared to traditional lock and key systems, making them highly desirable in the European market. The region's stringent regulations and high security standards drive the adoption of advanced access control solutions. Furthermore, Europe has a significant urban population with a high concentration of residential buildings and construction activities. The demand for digital door lock systems is driven by the need for secure access control solutions in residential complexes, apartment buildings, and condominiums. The growing number of urban dwellings and new construction projects in Europe presents a favorable market landscape for digital door lock system providers. In addition, Europe has implemented robust data protection regulations, including the General Data Protection Regulation (GDPR). These regulations require companies to ensure the security and privacy of personal data. Digital door lock systems that comply with these regulations and offer secure data storage and transmission gain favour among businesses and consumers in Europe.

Deadbolt locks are one of the most common and widely used lock types in both residential and commercial settings. They provide high security by extending a solid metal bolt into the door frame, making it resistant to forced entry. Digital deadbolt locks incorporate electronic components for keyless entry, such as a keypad or fingerprint recognition. These locks are popular for their reliability, durability, and ease of installation. In addition, lever-handle locks are commonly found in commercial and institutional settings. They feature a lever handle that, when pushed down, engages the locking mechanism. Lever-handle locks offer ease of use, especially for individuals with mobility impairments or those who require easy access through doors. Digital lever handle locks enhance convenience by adding keyless access options, such as numeric codes or RFID (Radio Frequency Identification) cards.

Based on connecting technology type, the market is divided into Wi-Fi, Bluetooth, RFID, Keypads, Zigbee, and Others (z-wave). Wi-Fi connectivity allows digital door lock systems to connect to local networks and the internet. Wi-Fi-enabled locks enable remote access control and monitoring through smartphone apps or web portals. Users can lock or unlock doors, receive real-time notifications, and manage access permissions from anywhere with an internet connection. Wi-Fi connectivity provides flexibility and convenience for both residential and commercial applications. Furthermore, Zigbee is a wireless communication protocol commonly used in home automation systems. Zigbee-enabled digital door locks can be integrated into a Zigbee network, allowing for seamless interoperability with other smart devices in the home or building. These locks can be controlled through a central hub or gateway, providing advanced automation and integration capabilities.

The cost of implementing digital door lock systems can be higher compared to traditional lock and key systems. The initial investment includes the cost of purchasing and installing the hardware, as well as the integration of the system with existing infrastructure or smart home ecosystems. This higher upfront cost can be a deterrent for some potential customers, particularly in price-sensitive markets. Furthermore, as digital door lock systems become more connected and reliant on technology, they are susceptible to cybersecurity risks. Hackers and cybercriminals can target the lock system's software or wireless communication channels, potentially compromising the security and integrity of the system. Ensuring robust cybersecurity measures, such as encryption protocols, secure communication channels, and regular software updates, is crucial to mitigating these risks. In addition, digital door lock systems that rely on wireless communication and battery-powered devices may face constraints related to battery life. Depending on the frequency of use, battery-powered locks may require frequent replacements or recharging, which can be inconvenient for users. Improving battery technology and optimizing power consumption are essential to overcome this restraint.

Major Companies present in the market:
Honeywell International Inc. , Samsung Electronics Co., Ltd, Assa Abloy AB, Siemens AG, Allegion plc, dormakaba Holding AG, ZKTeco Co., Limited, Spectrum Brands, Holdings, Inc., Master Lock Company, Salto Systems S.L.

Considered in this report

• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Regions & Countries covered in the report:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Aspects covered in this report
• Global Digital Door Lock System market with its value and forecast along with its segments
• Region-wise E-Pharmacy market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By End-use
• Residential
• Hotels & Hospitals
• Commercial (including Hospitality)
• Industrial
• Government and Institutions
• Others (automotive ,vacation rentals)

By Acess Type
• Face
• Fingerprint
• Iris
• Vein & Palm
• Voice
• Signature
• Keypad Locks
• Magnetic Strike
• Electric Strike
• Other

By Lock Type
• Deadbolt
• Padlock
• Lever Handle
• Others

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Digital Door Lock System industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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