Report ID : 10078900 |
Published Date : 21 Oct 2022 |
Report Format : PDF,PPT |
Delivery Timeline :48-72 Business Hours
Global Digital Door Lock System Industry was valued at USD 1.5 Billion in the year 2017. Global Digital Door Lock System Industry Report is further estimated to grow at a CAGR of 32.1% from 2019 to reach USD 14.71 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and Europe is considered the fastest growing Industry in the forecasted period. At the country level, China and India are projected to grow strongly in the coming years due to rising population and improved technology.
Major market players in Digital Door Lock System Industry are Hanman, Nestwell Co., Godrej, Cisco Systems, Allegion plc, Panasonic Corp., Hitachi Ltd., Wintec Electronic Tech Co. Ltd, Assa Abloy, Xeeder Technology Co Ltd., and brief information of 11 companies is provided in the report.
SWOT Analysis of Digital Door Lock System Industry
Strength:
Growing demand for enhanced security solutions
Increased popularity of advanced security solutions. For e.g., face recognition.
Increase in the rate of burglaries, property crimes etc.
Weakness:
Expensive and not so cost friendly
Opportunities:
Investment by R&D Department
Upsurge in industrialization and expansion of business
Threats:
Intense competition among the producers
The Global Digital Door Lock System Industry is segmented as By Type, End user, Application and Technology and Region. The Type segment is segmented as biometrics, keypad and multiple functions. Biometrics contributes to the highest Industry share due to wide-scale deployment of fingerprint recognition devices across commercial and residential sectors. The End-Use segment is divided as residential, industrial, and commercial and government in which the commercial sector has the highest share in the Industry.
Digital Door Lock System Industry Segmentation:
By End Use
• Residential
• Industrial
• Commercial
• Government
By Type
• Biometrics
• Keypad
• Multiple functions
By Technology
• Manual
• Automatic
• Access Control
By Application
• Residential
• Non residential
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
