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 S

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, 2022 - 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 (2022-2028), considering 2021 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
Detailed Segmentation:
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.