Digital Door Lock System Market, By Product (Biometrics (Face Recognition, Iris Recognition, Palm Recognition, Voice Recognition, Signature Recognition, Fingerprint Recognition), Keypad Locks(Magnetic Stripe Locks, Electromechanical Door Locks, Electric Strike Locks)), By End-use (*Government, Commercial, Industrial, Residential), By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
A digital door lock system comprises various components like an auto-recognition keypad, proximity sensor, digital keypad, voice command module, and photoelectric beam. The auto-recognition keypad authenticates the access code provided by the user and performs the necessary operations in seconds. Upon activation of the voice command module, the user may either open or close the door of the house. The proximity sensor detects movement in front and behind the door and activates the digital keypad if any such movement is detected. The digital door lock system comes with automatic and manual adjustment features that enable the users to fine-tune the level of protection available against unwanted access by others.
Market Dynamics:
Rapidly growing micro, small, and medium enterprises (MSMEs) and increasing investments and economic growth in emerging markets is driving growth of the digital door lock system market. As per the MSME Ministry data, as of May 16, 2021, Registered micro-enterprises stood at ~ 28 lakh (93%), followed by small enterprises at 1.78 lakh (6%) and midsized enterprises at 24,657 (1%) in India. The Indian MSMEs sector contributes about 29% towards the GDP through its national and international trade. Moreover, growing smart homes around the globe is again propelling growth of the market.
Low IT literacy among consumers and decreasing ownership-to-renting ratio worldwide are factors expected to restrict growth of the market.
Key features of the study:
- This report provides in-depth analysis of the digital door lock system market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global digital door lock system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Honeywell International Inc., Dorma+Kaba Holdings AG, Godrej & Boyce Manufacturing Company Ltd., Samsung Electronics Co Ltd, Assa Abloy Group, Vivint, Inc., Cisco Systems, Inc., Nestwell Technologies, United Technologies Corporation, Panasonic Corporation, and Siemens AG.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global digital door lock system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global digital door lock system market
- Global Digital Door Lock System Market, By Product:
- Biometrics
- Face Recognition
- Iris Recognition
- Palm Recognition
- Voice Recognition
- Signature Recognition
- Fingerprint Recognition
- Keypad Locks
- Magnetic Stripe Locks
- Electromechanical Door Locks
- Electric Strike Locks
- Global Digital Door Lock System Market, By End-use:
- Government
- Commercial
- Industrial
- Residential
- Global Digital Door Lock System Market, By Region:
- North America
- By Product:
- Biometrics
- Face Recognition
- Iris Recognition
- Palm Recognition
- Voice Recognition
- Signature Recognition
- Fingerprint Recognition
- Keypad Locks
- Magnetic Stripe Locks
- Electromechanical Door Locks
- Electric Strike Locks
- By End-use:
- Government
- Commercial
- Industrial
- Residential
- By Country
- U.S
- Canada
- Asia Pacific
- By Product:
- Biometrics
- Face Recognition
- Iris Recognition
- Palm Recognition
- Voice Recognition
- Signature Recognition
- Fingerprint Recognition
- Keypad Locks
- Magnetic Stripe Locks
- Electromechanical Door Locks
- Electric Strike Locks
- By End-use:
- Government
- Commercial
- Industrial
- Residential
- By Country
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- Rest of Asia Pacific
- Europe
- By Product:
- Biometrics
- Face Recognition
- Iris Recognition
- Palm Recognition
- Voice Recognition
- Signature Recognition
- Fingerprint Recognition
- Keypad Locks
- Magnetic Stripe Locks
- Electromechanical Door Locks
- Electric Strike Locks
- By End-use:
- Government
- Commercial
- Industrial
- Residential
- By Country
- Germany
- Italy
- U.K.
- France
- Spain
- Russia
- Rest of Europe
- Latin America
- By Product:
- Biometrics
- Face Recognition
- Iris Recognition
- Palm Recognition
- Voice Recognition
- Signature Recognition
- Fingerprint Recognition
- Keypad Locks
- Magnetic Stripe Locks
- Electromechanical Door Locks
- Electric Strike Locks
- By End-use:
- Government
- Commercial
- Industrial
- Residential
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- By Product:
- Biometrics
- Face Recognition
- Iris Recognition
- Palm Recognition
- Voice Recognition
- Signature Recognition
- Fingerprint Recognition
- Keypad Locks
- Magnetic Stripe Locks
- Electromechanical Door Locks
- Electric Strike Locks
- By End-use:
- Government
- Commercial
- Industrial
- Residential
- By Country
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Company Profiles
- Honeywell International Inc. *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Dorma+Kaba Holdings AG
- Godrej & Boyce Manufacturing Company Ltd.,
- Samsung Electronics Co Ltd
- Assa Abloy Group
- Vivint, Inc
- Cisco Systems, Inc.
- Nestwell Technologies,
- United Technologies Corporation
- Panasonic Corporation,
- Siemens AG.
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Component
- Market Snippet, By Hardware
- Market Snippet, By Video Surveillance
- Market Snippet, By Access Control
- Market Snippet, By Services
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Launch/Approvals
- Value Chain Analysis
- Porter’s Analysis
- PEST Analysis
- Impact of COVID-19 Pandemic
- 4. Global Home Security Solution Market, By Component, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Software
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Services
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- 5. Global Home Security Solution Market, By Hardware, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Segment Trends
- Video Surveillance
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Access Control & Authentication
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Alarms
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Electronics Locks
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Other(Sensors & Detectors)
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- 6. Global Home Security Solution Market, By Video Surveillance, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Segment Trends
- Analog
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- IP
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- 7. Global Home Security Solution Market, By Access Control, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Segment Trends
- Bio Metrics
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Card based
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- RFID
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- 8. Global Home Security Solution Market, By Services, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Segment Trends
- Installation
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Technical Support
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Consulting
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- Cloud based
- Introduction
- Market Size and Forecast, 2017–2028, (US$ Million)
- 9. Global Home Security Solution Market, By Region, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2021 and 2028 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Component, 2017–2028 (US$ Million)
- Market Size and Forecast, By Hardware, 2017–2028 (US$ Million)
- Market Size and Forecast, By Video Surveillance, 2017–2028 (US$ Million)
- Market Size and Forecast, By Access Control, 2017–2028 (US$ Million)
- Market Size and Forecast, By Services, 2017–2028 (US$ Million)
- Market Share Analysis, By Country, 2020 and 2028 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Regional Trends
- Market Size and Forecast, By Component, 2017–2028 (US$ Million)
- Market Size and Forecast, By Hardware, 2017–2028 (US$ Million)
- Market Size and Forecast, By Video Surveillance, 2017–2028 (US$ Million)
- Market Size and Forecast, By Access Control, 2017–2028 (US$ Million)
- Market Size and Forecast, By Services, 2017–2028 (US$ Million)
- Market Share Analysis, By Country, 2020 and 2028 (%)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Regional Trends
- Market Size and Forecast, By Component, 2017–2028 (US$ Million)
- Market Size and Forecast, By Hardware, 2017–2028 (US$ Million)
- Market Size and Forecast, By Video Surveillance, 2017–2028 (US$ Million)
- Market Size and Forecast, By Access Control, 2017–2028 (US$ Million)
- Market Size and Forecast, By Services, 2017–2028 (US$ Million)
- Market Share Analysis, By Country, 2020 and 2028 (%)
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Regional Trends
- Market Size and Forecast, By Component, 2017–2028 (US$ Million)
- Market Size and Forecast, By Hardware, 2017–2028 (US$ Million)
- Market Size and Forecast, By Video Surveillance, 2017–2028 (US$ Million)
- Market Size and Forecast, By Access Control, 2017–2028 (US$ Million)
- Market Size and Forecast, By Services, 2017–2028 (US$ Million)
- Market Share Analysis, By Country, 2021 and 2028 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Regional Trends
- Regional Trends
- Market Size and Forecast, By Component, 2017–2028 (US$ Million)
- Market Size and Forecast, By Hardware, 2017–2028 (US$ Million)
- Market Size and Forecast, By Video Surveillance, 2017–2028 (US$ Million)
- Market Size and Forecast, By Access Control, 2017–2028 (US$ Million)
- Market Size and Forecast, By Services, 2017–2028 (US$ Million)
- Market Share Analysis, By Country/Region, 2021 and 2028 (%)
- South Africa
- GCC Countries
- Rest of the Middle East and Africa
- 10. Competitive Landscape
- Company Profiles
- Vivint Inc.,
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Axis Communications AB
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Assa Abloy AB
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- HikVision Digital Technology Co., Ltd.,
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Tyco International Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Protech America Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Honeywell International Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- SimpliSafe, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- ADT Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Frontpoint Security Solutions.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Analyst Views
- 11. Section
- References
- Research Methodology
- About us and Sales Contact
- *Browse 150 market data tables and 90 figures on "Home Security Solution Market - Global forecast to 2028”.
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