Digital Door Lock System Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Published on : Jan-2018 | List of Tables : 109 | List of Figures : 81 | No. of Pages : 170 | Report Code : FACT409MR | Format : ppt pdf Excel Word

Digital door locks are locks that are installed on doors of various structures and can be operated with the convenience of applications on the user’s smartphone. These keyless locks operate on technologies such as Bluetooth and Wi-Fi.

Penetration of Smartphones & Mobile Broadband to Augment the Market Expansion

Smart devices are considered to be one of the major evolutionary innovations for commercial and residential spaces on the back of their sustainable, secure and convenient features. Significant growth in the security concerns, along with advancement in wireless communication technologies have led to the development of digital security systems such as digital door locks. The industry is at the inflection phase, mainly because of broader technology trends driving the overall smart home industry. However, smartphone penetration is sustaining expansion of the market for digital door locks. Declining prices of cloud infrastructure and mobile broadband have led to growing user convenience in remotely monitoring and controlling various electronic devices, and digital door locks are no exception.

The global market for digital door locks is characterized by significant opportunities for expansion in cloud-based lock management solutions and home-access solutions, owing to the advent of integrated connectivity. There has been a rise in implementation of sophisticated technologies including Bluetooth, Z-wave/ZigBee, Wi-Fi, and near-field communication (NFC) in access locks, which in turn is providing a boost to advancement of digital door locks. In addition, inclusion of add-on-locks and capacitive touch screens in digital door locks are enhancing the consumer experience and proliferating adoption. However, with growing market perceptions regarding problems associated with battery replacement, dead phones, power usage, and software security are likely to hinder the market growth in the upcoming years. In addition, the market encompasses a huge cost of sustainable technology, thereby posing a challenge for penetration into emerging economies to a certain extent.

global digital door locks system market

According to Fact.MR study, the global digital door lock system market is projected to grow at a CAGR of 30% in terms of volume during the period 2017-2026. In terms of value, over US$ 37 Bn worth of digital door lock systems have been sold globally by 2026-end.

Market Taxonomy

Region

Product Type

End User

North America

Face Recognition

Government

Latin America

Iris Recognition

Commercial

Europe

Vein and Palm Recognition

Industrial

Japan

Voice Recognition

Residential

APEJ

Signature Recognition

 

MEA

Fingerprint Recognition

 
 

Magnetic Stripe Locks

 
 

Electromagnetic Door Locks

 
 

Electric Strike Locks

 
 

Other

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Demand for Iris Recognition Digital Door Lock Systems to Gain Traction

The report projects that the demand for fingerprint recognition digital door lock systems will lose traction over the forecast period. Malpractices such as the use of thin, pressure-sensitive films to replicate fingerprint impression continue create major concerns for the security measures of fingerprint recognition digital door lock systems. On the other hand, the demand for iris recognition digital door lock systems is expected to incur considerable gains, and register a CAGR of 41.3% in terms of volume over the forecast period. The report also projects that governments and commercial settings will be the largest end-users of digital door lock systems through 2026.

Competition Tracking

The report has profiled leading manufacturers of digital door lock systems, which include Godrej & Boyce Manufacturing Company Ltd., Honeywell International Inc., Cisco Systems Inc., Assa Abloy Group, United Technologies Corporation, Panasonic Corporation, Siemens AG, Vivint Inc., Nestwell Technologies, ABB Ltd., Allegion PLC, Hitachi Ltd., Hanman International Pte Ltd., Dormakaba Holding AG, Xeeder Technology Co. Ltd., Wintec Electronic Tech Co. Ltd., Tyco International Ltd., Stone Lock, and Adel Lock. These companies are likely to instrument the expansion of the global digital door lock systems market through 2026.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

The global digital door lock systems market will continue to be driven by growing number of security breaches and thefts to physical assets and real estate properties. The adoption of digital door lock systems will witness an upsurge due to the increasing preference of consumers in using advance technologies for safeguarding their physical spaces. Demand for digital door lock systems in residential and commercial sectors will witness considerable uptick, with manufacturers remaining focusing adding new features to make the security functions of their products more robust. This report, compiled by Fact.MR, provides in-depth analysis of the global digital door lock system market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.

Scope:

The scope of the Fact.MR’s report is to analyze the global digital door lock systems market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers. Digital door lock systems suppliers, stakeholders and manufacturers in the global information and communication technology industry can benefit from the analysis offered in this report. Comprehensive analysis regarding the impact of technological advancements such as cloud computing, Internet of Things (IoT), big data and artificial intelligence is detailed in this report. The comprehensive study throws light on various trends, dynamics and restrains shaping future of the market, which can serve as a platform of further study, interest and understanding for the leading industries, journals and trade magazines pertaining to global digital door lock systems market.

Summary:

The report commences with introducing the current market scenario for digital door lock systems. The executive summary section of the report offers insights to users regarding the future scope of the global digital door lock systems market. Brief information on the crucial aspects, statistics and facts on the global digital door lock systems keyword market is highlighted in this section.

Overview:

The next section offers an overview of the global digital door lock systems market. This section includes definition of the product – digital door lock systems, along with insights on dynamics contributing towards growth of the market. The overview also throws light on Year-on-Year growth and market value defining the future progress and decline of the global digital door lock systems. Statistics on the Year-on-Year growth provides readers with a broader view on expected progress patterns reshaping growth over the forecast period.

In the succeeding section, the report offers insights on major trends, retrains and drivers from demand, supply and macro-economic perspectives. The report also focuses on impact analysis of key drivers and restraints that offers better decision-making insights to clients.

The report further provides the readers with information on the leading technology and advancements traced in the global digital door lock systems market. Up-to-date information and latest advancements regarding growth opportunities can benefit the leading manufacturers of digital door lock systems. With continuous evolution and advancements in technology, tracking the latest trends and developments is fundamental for digital door lock systems manufacturers to formulate key business strategies. Detailed insights regarding the supply chain, list of distributors, raw material sourcing, cost structure, and pricing analysis are provided in this section.

Considering the global digital door lock systems market’s wide scope, Fact.MR’s report provides in-depth insights & forecast based on segment-wise analysis. The digital door lock systems market has been categorized on the basis of product type, end-user, and region. This sections delivers a comprehensive segmentation analysis, along with a detailed country-wise forecast offered on all parameters.

In the last section, the report provides information regarding the competitive landscape, along with a dashboard view of the market players and company analysis. This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global digital door lock systems market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

1. Global Economic Outlook

2. Global Digital Door Lock System Market - Executive Summary

3. Global Digital Door Lock System Market Overview
3.1. Introduction
       3.1.1. Global Digital Door Lock System Market Taxonomy
       3.1.2. Global Digital Door Lock System Market Definition
3.2. Global Digital Door Lock System Market Size (US$ Mn) and Forecast, 2012-2026
       3.2.1. Global Digital Door Lock System Market Y-o-Y Growth
3.3. Global Digital Door Lock System Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis 
3.7. Government Regulations
3.8. Raw Material Strategy
3.9. PLC Analysis
3.8. PESTLE Analysis
3.9. Key Participants Market Presence (Intensity Map) By Region

4. Global Digital Door Lock System Market Analysis and Forecast 2012-2026 
4.1. Global Digital Door Lock System Market Size and Forecast By Product Type, 2012-2026
       4.1.1. Face Recognition Market Size and Forecast, 2012-2026
                4.1.1.1. Revenue (US$ Mn) Comparison, By Region
                4.1.1.2. Market Share Comparison, By Region
                4.1.1.3. Y-o-Y growth Comparison, By Region
       4.1.2. Iris Recognition Market Size and Forecast, 2012-2026
                4.1.2.1. Revenue (US$ Mn) Comparison, By Region
                4.1.2.2. Market Share Comparison, By Region
                4.1.2.3. Y-o-Y growth Comparison, By Region
       4.1.3. vein and Palm Recognition Market Size and Forecast, 2012-2026
                4.1.3.1. Revenue (US$ Mn) Comparison, By Region
                4.1.3.2. Market Share Comparison, By Region
                4.1.3.3. Y-o-Y growth Comparison, By Region
       4.1.4. Voice Recognition Market Size and Forecast, 2012-2026
                4.1.4.1. Revenue (US$ Mn) Comparison, By Region
                4.1.4.2. Market Share Comparison, By Region
                4.1.4.3. Y-o-Y growth Comparison, By Region
       4.1.5. Signature Recognition Market Size and Forecast, 2012-2026
                4.1.5.1. Revenue (US$ Mn) Comparison, By Region
                4.1.5.2. Market Share Comparison, By Region
                4.1.5.3. Y-o-Y growth Comparison, By Region
       4.1.6. Fingerprint Recognition Market Size and Forecast, 2012-2026
                4.1.6.1. Revenue (US$ Mn) Comparison, By Region
                4.1.6.2. Market Share Comparison, By Region
                4.1.6.3. Y-o-Y growth Comparison, By Region
       4.1.7. Magnetic Stripe Locks Market Size and Forecast, 2012-2026
                4.1.7.1. Revenue (US$ Mn) Comparison, By Region
                4.1.7.2. Market Share Comparison, By Region
                4.1.7.3. Y-o-Y growth Comparison, By Region
       4.1.8. Electromagnetic Door Locks Market Size and Forecast, 2012-2026
                4.1.8.1. Revenue (US$ Mn) Comparison, By Region
                4.1.8.2. Market Share Comparison, By Region
                4.1.8.3. Y-o-Y growth Comparison, By Region
       4.1.9. Electric Strike Locks Market Size and Forecast, 2012-2026
                4.1.9.1. Revenue (US$ Mn) Comparison, By Region
                4.1.9.2. Market Share Comparison, By Region
                4.1.9.3. Y-o-Y growth Comparison, By Region
       4.1.10. Other Market Size and Forecast, 2012-2026
                4.1.10.1.Revenue (US$ Mn) Comparison, By Region
                4.1.10.2.Market Share Comparison, By Region
                4.1.10.3.Y-o-Y growth Comparison, By Region
4.2. Global Digital Door Lock System Market Size and Forecast By End User, 2012-2026
       4.2.1. Government Market Size and Forecast, 2012-2026
                4.2.1.1. Revenue (US$ Mn) Comparison, By Region
                4.2.1.2. Market Share Comparison, By Region
                4.2.1.3. Y-o-Y growth Comparison, By Region
       4.2.2. Commercial Market Size and Forecast, 2012-2026
                4.2.2.1. Revenue (US$ Mn) Comparison, By Region
                4.2.2.2. Market Share Comparison, By Region
                4.2.2.3. Y-o-Y growth Comparison, By Region
       4.2.3. Industrial Market Size and Forecast, 2012-2026
                4.2.3.1. Revenue (US$ Mn) Comparison, By Region
                4.2.3.2. Market Share Comparison, By Region
                4.2.3.3. Y-o-Y growth Comparison, By Region
       4.2.4. Residential Market Size and Forecast, 2012-2026
                4.2.4.1. Revenue (US$ Mn) Comparison, By Region
                4.2.4.2. Market Share Comparison, By Region
                4.2.4.3. Y-o-Y growth Comparison, By Region

5. North America Digital Door Lock System Market Size and Forecast, 2012-2026
5.1. North America Outlook 
5.2. North America Parent Market Outlook 
5.3. North America Target Market Outlook 
5.4. Revenue (US$ Mn) Comparison, By Country 
       5.4.1. US Market Size and Forecast (US$ Mn), 2012-2026
       5.4.2. Canada Market Size and Forecast (US$ Mn), 2012-2026
5.5. Revenue (US$ Mn) Comparison, By Product Type 
5.6. Revenue (US$ Mn) Comparison, By End User 

6. Latin America Digital Door Lock System Market Size and Forecast, 2012-2026
6.1. Latin America Outlook 
6.2. Latin America Parent Market Outlook 
6.3. Latin America Target Market Outlook 
6.4. Revenue (US$ Mn) Comparison, By Country 
       6.4.1. Brazil Market Size and Forecast (US$ Mn), 2012-2026
       6.4.2. Mexico Market Size and Forecast (US$ Mn), 2012-2026
       6.4.3. Argentina Market Size and Forecast (US$ Mn), 2012-2026
       6.4.4. Rest of Latin America Market Size and Forecast (US$ Mn), 2012-2026
6.5. Revenue (US$ Mn) Comparison, By Product Type 
6.6. Revenue (US$ Mn) Comparison, By End User 

7. Europe Digital Door Lock System Market Size and Forecast, 2012-2026
7.1. Europe Outlook 
7.2. Europe Parent Market Outlook 
7.3. Europe Target Market Outlook 
7.4. Revenue (US$ Mn) Comparison, By Country 
       7.4.1. Germany Market Size and Forecast (US$ Mn), 2012-2026
       7.4.2. UK Market Size and Forecast (US$ Mn), 2012-2026
       7.4.3. France Market Size and Forecast (US$ Mn), 2012-2026
       7.4.4. Spain Market Size and Forecast (US$ Mn), 2012-2026
       7.4.5. Italy Market Size and Forecast (US$ Mn), 2012-2026
       7.4.6. Rest of Europe Market Size and Forecast (US$ Mn), 2012-2026
7.5. Revenue (US$ Mn) Comparison, By Product Type 
7.6. Revenue (US$ Mn) Comparison, By End User 

8. Japan Digital Door Lock System Market Size and Forecast, 2012-2026
8.1. Japan Outlook 
8.2. Japan Parent Market Outlook 
8.3. Japan Target Market Outlook 
8.4. Revenue (US$ Mn) Comparison, By Country 
       8.4.1. Japan  Market Size and Forecast (US$ Mn), 2012-2026
8.5. Revenue (US$ Mn) Comparison, By Product Type 
8.6. Revenue (US$ Mn) Comparison, By End User 

9. APEJ Digital Door Lock System Market Size and Forecast, 2012-2026
9.1. APEJ Outlook 
9.2. APEJ Parent Market Outlook 
9.3. APEJ Target Market Outlook 
9.4. Revenue (US$ Mn) Comparison, By Country 
       9.4.1. China Market Size and Forecast (US$ Mn), 2012-2026
       9.4.2. India Market Size and Forecast (US$ Mn), 2012-2026
       9.4.3. Malaysia Market Size and Forecast (US$ Mn), 2012-2026
       9.4.4. Singapore Market Size and Forecast (US$ Mn), 2012-2026
       9.4.5. Australia Market Size and Forecast (US$ Mn), 2012-2026
       9.4.6. Rest of APEJ Market Size and Forecast (US$ Mn), 2012-2026
9.5. Revenue (US$ Mn) Comparison, By Product Type 
9.6. Revenue (US$ Mn) Comparison, By End User 

10. MEA Digital Door Lock System Market Size and Forecast, 2012-2026
10.1. MEA Outlook 
10.2. MEA Parent Market Outlook 
10.3. MEA Target Market Outlook 
10.4. Revenue (US$ Mn) Comparison, By Country 
       10.4.1. GCC Countries Market Size and Forecast (US$ Mn), 2012-2026
       10.4.2. South Africa Market Size and Forecast (US$ Mn), 2012-2026
       10.4.3. Nigeria Market Size and Forecast (US$ Mn), 2012-2026
       10.4.4. Israel Market Size and Forecast (US$ Mn), 2012-2026
       10.4.5. Rest of MEA Market Size and Forecast (US$ Mn), 2012-2026
10.5. Revenue (US$ Mn) Comparison, By Product Type 
10.6. Revenue (US$ Mn) Comparison, By End User 

11. Global Digital Door Lock System Market Company Share, Competition Landscape and Company Profiles
11.1. Company Share Analysis
11.2. Competition Landscape
11.3. Company Profiles
       11.3.1. Honeywell International Inc.
       11.3.2. Godrej & Boyce ManufacturingCompanyLtd.
       11.3.3. Assa Abloy Group
       11.3.4. Cisco Systems Inc.
       11.3.5. united Technologies Corporation
       11.3.6. Siemens AG
       11.3.7. Panasonic Corporation
       11.3.8. NestwellTechnologies
       11.3.9. Vivint Inc.
       11.3.10. Allegion PLC
       11.3.11. ABB Ltd.
       11.3.12. Hanman International Pte Ltd.
       11.3.13. Hitachi Ltd.
       11.3.14. Wintec Electronic Tech Co. Ltd
       11.3.15. Xeeder Technology Co. Ltd
       11.3.16. Tyco International Ltd
       11.3.17. Dormakaba Holding AG
       11.3.18. Adel Lock,
       11.3.19. Stone Lock
       11.3.20.Other Players

12. Research Methodology

13. Secondary and Primary Sources

14. Assumptions and Acronyms

15. Disclaimer

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Digital Door Lock System Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026