Digital Door Lock System Market, By Product Type (Biometrics, Keypad Locks), By End User (Government, Commercial, Industrial and Residential), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Digital Door Lock System Market, By Product Type (Biometrics, Keypad Locks), By End User (Government, Commercial, Industrial and Residential), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Digital door lock system is an electronic lock that is used on entry doors as an advantage over traditional door lock. It uses encrypted RFID keycards, Bluetooth technology or Wi-Fi based mobile credentials to provide users secure access to homes and offices without keys. Various advanced features of digital door locks including remote locking/unlocking, temporary access, alerts and advanced access control can boost their adoption across various applications. Rising concerns about security and safety along with growing inclination towards smart home automation solutions can boost demand for digital door lock systems globally.
Market Dynamics:
Global digital door lock system market growth is primarily driven by factors such as rising security concerns, increasing adoption of smart home technologies and growing popularity of contactless access solutions. Rapid urbanization and changing lifestyles have raised security concerns among users. Digital locks provide advanced security with encrypted access protocols and ability to remotely manage user access rights from anywhere. The integration of WiFi and Bluetooth connectivity in digital locks allow users to control access through smartphones, thus, enhancing convenience for consumers. However, high initial costs and integration challenges of digital locks in existing infrastructure can limit their adoption. Ongoing technological advancements offering features like face recognition, fingerprint readers and remote access control via mobile apps can offer lucrative opportunities for market players in the near future.
Key features of the study:
This report provides in-depth analysis of the global digital door lock system market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 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 ASSA ABLOY AB, August Home, Inc., Bluetooth SIG Inc., Cansec Systems Ltd., Cisco Systems, Inc., Dorma+Kaba Holdings AG, Godrej & Boyce Manufacturing Company Ltd., Godrej Group, HavenLock, Inc., Hangzhou Hikvision Digital Technology, Hero Electronix, Honeywell International Inc., Latchable Inc., Nestwell Technologies and Panasonic Corporation.
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.
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:
By Product Type
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 User
Government
Commercial
Industrial
Residential
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players Insights
ASSA ABLOY AB
August Home, Inc.
Bluetooth SIG Inc.
Cansec Systems Ltd.
Cisco Systems, Inc.
Dorma+Kaba Holdings AG
Godrej & Boyce Manufacturing Company Ltd.
Godrej Group
HavenLock, Inc.
Hangzhou Hikvision Digital Technology
Hero Electronix
Honeywell International Inc.
Latchable Inc.
Nestwell Technologies
Panasonic Corporation
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By End User
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 System Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Digital Door Lock System Market, By Product Type, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Biometrics
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Face Recognition
Iris Recognition
Palm Recognition
Voice Recognition
Signature Recognition
Fingerprint Recognition
Keypad Locks
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Magnetic Stripe Locks
Electromechanical Door Locks
Electric Strike Locks
5. Global Digital Door Lock System Market, By End User, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Government
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Commercial
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Industrial
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Residential
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
6. Global Digital Door Lock System Market, By Region, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
North America
Regional Trends
Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
South Africa
Israel
GCC Countries
Rest of the Middle East & Africa
7. Competitive Landscape
Company Profiles
ASSA ABLOY AB
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
August Home, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Bluetooth SIG Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Cansec Systems Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Cisco Systems, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Dorma+Kaba Holdings AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Godrej & Boyce Manufacturing Company Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Godrej Group
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
HavenLock, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Hangzhou Hikvision Digital Technology
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Hero Electronix
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
Latchable Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Nestwell Technologies
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Panasonic Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
8. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
9. Reference and Research Methodology
References
Research Methodology
About us and Sales Contact
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