Global Digital Door Lock System Market, By Product Type (Biometrics and Keypad Locks), By End User (

Published Date: | Report Code : IT1958569

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Increasing development of smart cities is expected to drive the growth of digital door lock system market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Authorization of access has become essential in recent times due to security issues in various corporations. As industries have a huge number of employees, it is not possible to manually track when people are entering or exiting the place. For this purpose, the digital door lock system is introduced.

Segment Analysis:

Based on product type, the market has been divided into biometrics and keypad locks. The biometrics segment has been further divided into face, fingerprint, voice, iris, palm, and signature recognition. The keypad locks segment has been divided into, magnetic strike, electromechanical, and electric strike. Fingerprint is a leading biometrics segment, as fingerprints are most reliable, as it cannot be changed and also that the system requires small space and is unaffected by any temperature changes. It is being widely used in both residential and commercial sectors.

On the basis of end user, the market has been segmented into government, commercial, residential, and industrial. The residential sector is growing at a fast rate, as many new apartment buildings are installing these features for added safety. Personal security is being promoted by these features and hence, many old and new residential buildings are using them.

However, the reluctance of people to switch from traditional locks to advanced locks can prove to be a restraint for the market.

Key Factors Impacting Market Growth:

  • Need for convenience by the provision of keyless entry

  • Increasing development of smart cities

Regional Analysis:

By region, the digital door lock system market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and cluster of global companies operating in these regions, these regions hold key to the growth and development of digital door lock system market during the forecast period. Most of the leading companies have operations in these regions to cater the potential end users in the respective region. The North America digital door lock system market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. Asia Pacific region is segmented by China, Japan, South Korea, India and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: Siemens AG, Honeywell International, Inc., Hitachi Ltd., the ASSA Abloy Group, Cisco Systems, Inc., and Godrej & Boyce

Market Segmentation:

By Product Type:

  • Biometrics

    • Fingerprint Recognition

    • Face Recognition

    • Iris Recognition

    • Signature Recognition

    • Voice Recognition

    • Palm Recognition

  • Keypad Locks

    • Magnetic Stripe

    • Electromechanical

    • Electric Strike

By End User:

  • Government

  • Commercial

  • Residential

  • Industrial

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Product Type

    • By End User

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Product Type

    • By End User

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Product Type

    • By End User

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Product Type

    • By End User

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Product Type

    • By End User

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Product Type

    • By End User

Reasons to Buy This Report:

  • Market size estimation of the global digital door lock system market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

For more information, contact: [email protected]

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