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Digital Door Lock System Market - Global Industry Analysis

Digital Door Lock System Market by Product Type (Biometrics and Keypad Locks) and by End-user (Residential, Commercial, Industrial, and Government): Global Industry Perspective, Comprehensive Analysis, and Forecast 2017-2024

Published Date: 31-Jul-2018 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-1883 Status : Published

Global digital door lock system market expected to reach approximately USD 10068.08 million in 2024, growing at a CAGR of slightly above 30.86% between 2018 and 2024. Global digital door system market has a huge industry potential owing to the rising security concerns in residential as well as commercial buildings.

Description

The report covers forecast and analysis for the digital door lock system market on a global and regional level. The study provides historic data for 2015-2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the digital door lock system market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the digital door lock system market on a global level.

This report offers comprehensive coverage of the global digital door lock system market along with, market trends, drivers, and restraints of the digital door lock system market. This report includes a detailed competitive scenario and the product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the digital door lock system market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary, and the primary research team of industry experts.

Global Digital Door Lock System Market

The study provides a decisive view of the digital door lock system market by segmenting the market based on product type, end-user, and region. The product type segment is divided into biometrics and keypad locks. The biometrics segment is further categorized into face recognition, iris recognition, voice recognition, signature recognition, fingerprint recognition, and vein and palm recognition. Keypad locks segment is sub-segmented into magnetic stripe, electromechanical, and electric strike. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with further country wise bifurcation include the U.S., UK, France, Germany, China, Japan, India, and Brazil.

The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global digital door lock system market which include Hanman International Pvt Ltd., Nestwell Technologies, Godrej & Boyce Manufacturing Company Ltd., Cisco Systems, Inc., Panasonic Corporation, Hitachi Ltd., Wintec Electronic Tech Co. Ltd., Assa Abloy Group, Xeeder Technology Co. Ltd., United Technologies Corporation, Honeywell International Inc., and Siemens AG, among others.

The report segments the global digital door lock system market as follows:

Digital Door Lock System Market: Product Type Segment Analysis

  • Biometrics
    • Face Recognition
    • Iris Recognition
    • Voice Recognition
    • Signature Recognition
    • Fingerprint Recognition
    • Vein and Palm Recognition
  • Keypad Locks
    • Magnetic Stripe
    • Electromechanical
    • Electric Strike

Digital Door Lock System Market: End-User Segment Analysis

  • Residential
  • Commercial
  • Industrial
  • Government

Digital Door Lock System Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Digital Door Lock System Market, 2015 - 2024, (USD Billion)
    • 2.2. Digital Door Lock System Market: Market Snapshot
  •  
  • Chapter 3. Digital Door Lock System Market - Industry Analysis
    • 3.1. Digital Door Lock System Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Growing security requirements of residential consumers
    • 3.3. Restraints
      • 3.3.1. Problems related to software security
    • 3.4. Opportunity
      • 3.4.1. Governments initiatives to develop smart cities
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market Attractiveness Analysis by Product Type Segment
      • 3.6.2. Market Attractiveness Analysis by End-User Segment
      • 3.6.3. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Digital Door Lock System Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017 (Subject to Data Availability)
    • 4.2. Strategic Developments
    • 4.3. Acquisitions & Mergers
    • 4.4. New Product Launch
    • 4.5. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.6. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Digital Door Lock System Market - Product Type Segment Analysis
    • 5.1. Digital Door Lock System Market Overview: by Product Type
      • 5.1.1. Digital Door Lock System Market Revenue Share, by Product Type, 2017 and 2024
    • 5.2. Digital Door Lock System Market, by Biometrics Segment, 2015-2024 (USD Billion)
    • 5.3. Digital Door Lock System Market by Keypad Locks Segment, 2015-2024 (USD Billion)
  •  
  • Chapter 6. Digital Door Lock System Market - End-User Segment Analysis
    • 6.1. Digital Door Lock System Market Overview: by End User
      • 6.1.1. Digital Door Lock System Market Revenue Share, by End User, 2017 and 2024
    • 6.2. Digital Door Lock System Market, by Residential Segment, 2015-2024 (USD Billion)
    • 6.3. Digital Door Lock System Market by Commercial Segment, 2015-2024 (USD Billion)
    • 6.4. Digital Door Lock System Market by Industrial Segment, 2015-2024 (USD Billion)
    • 6.5. Digital Door Lock System Market by Government Segment, 2015-2024 (USD Billion)
  •  
  • Chapter 7. Digital Door Lock System Market - Regional Analysis
    • 7.1. Digital Door Lock System Market: Regional Overview
      • 7.1.1. Digital Door Lock System Market Revenue Share, by Region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. North America Digital Door Lock System Market, 2015 - 2024 (USD Billion)
      • 7.2.2. North America Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.2.3. North America Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 7.2.4. U.S.
      • 7.2.5. U.S. Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.2.6. U.S. Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Digital Door Lock System Market, 2015 - 2024 (USD Billion)
      • 7.3.2. Europe Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.3.3. Europe Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 7.3.4. UK
      • 7.3.5. UK Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.3.6. UK Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 7.3.7. France
      • 7.3.8. France Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.3.9. France Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 7.3.10. Germany
      • 7.3.11. Germany Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.3.12. Germany Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia-Pacific Digital Door Lock System Market, 2015 - 2024 (USD Billion)
      • 7.4.2. Asia Pacific Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.4.3. Asia Pacific Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 7.4.4. China
      • 7.4.5. China Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.4.6. China Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 7.4.7. Japan
      • 7.4.8. Japan Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.4.9. Japan Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 7.4.10. India
      • 7.4.11. India Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.4.12. India Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Digital Door Lock System Market, 2015 - 2024 (USD Billion)
      • 7.5.2. Latin America Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.5.3. Latin America Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 7.5.4. Brazil
      • 7.5.5. Brazil Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.5.6. Brazil Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa Digital Door Lock System Market, 2015 - 2024 (USD Billion)
      • 7.6.2. Middle East & Africa Digital Door Lock System Market Revenue, by Product Type, 2015 - 2024 (USD Billion)
      • 7.6.3. Middle East & Africa Digital Door Lock System Market Revenue, by End User, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Company Profiles
    • 8.1. Hanman International Pvt. Ltd.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Nestwell Technologies
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Godrej & Boyce Manufacturing Company Ltd.
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Cisco Systems, Inc.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Panasonic Corporation
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Hitachi Ltd.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Developments
    • 8.7. Wintec Electronic Tech Co. Ltd.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Developments
    • 8.8. Assa Abloy Group
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Developments
    • 8.9. Xeeder Technology Co. Ltd.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Developments
    • 8.10. United Technologies Corporation
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Developments
    • 8.11. Honeywell International Inc.
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Developments
    • 8.12. Siemens AG
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product Portfolio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Developments

List of Figures

1. Market Research Process
2. Market Research Methodology
3. Digital Door Lock System Market, 2015 - 2024 (USD Billion)
4. Porter’s Five Forces Analysis: Digital Door Lock System Market
5. Digital Door Lock System Market Attractiveness by Product Type
6. Digital Door Lock System Market Attractiveness by End User
7. Digital Door Lock System Market Attractiveness, by Region
8. Digital Door Lock System Market Revenue Share, by Product Type, 2017 & 2024
9. Digital Door Lock System Market Revenue Share, by End User, 2017 & 2024
10. Digital Door Lock System Market, by Biometrics, 2015 - 2024 (USD Billion)
11. Digital Door Lock System Market, by Keypad Locks, 2015 - 2024 (USD Billion)
12. Digital Door Lock System Market Revenue Share, by Region, 2017 & 2024
13. North America Digital Door Lock System, 2015 - 2024, (USD Billion)
14. Europe Digital Door Lock System Market, 2015 - 2024, (USD Billion)
15. Asia Pacific Digital Door Lock System Market, 2015 – 2024 (USD Billion)
16. Latin America Digital Door Lock System Market, 2015-2024 (USD Billion)
17. The Middle East & Africa Digital Door Lock System Market, 2015 – 2024, (USD Billion)


List of Tables

1. Digital Door Lock System Market: Snapshot
2. Drivers for Digital Door Lock System Market: Impact Analysis
3. Restraints of Digital Door Lock System Market: Impact Analysis
4. North America Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
5. North America Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
6. U.S. Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
7. U.S. Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
8. Europe Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
9. Europe Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
10. UK Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
11. UK Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
12. France Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
13. France Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
14. Germany Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
15. Germany Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
16. Asia Pacific Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
17. Asia Pacific Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
18. China Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
19. China Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
20. Japan Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
21. Japan Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
22. India Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
23. India Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
24. Latin America Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
25. Latin America Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
26. Brazil Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
27. Brazil Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)
28. Middle East & Africa Digital Door Lock System Market Revenue, by Product Type, 2015 – 2024 (USD Billion)
29. The Middle East & Africa Digital Door Lock System Market Revenue, by End User, 2015 – 2024 (USD Billion)

Methodology

Free Analysis

In this modern era, smart devices are nothing but the innovative evolutionary products that are need of the hour for almost every citizen across the globe. The digital door lock system is one among the number of digital products used in the daily life. These digital locks operate using various technologies such as Bluetooth, Wi-Fi, near-field communication (NFC), and Zigbee, among others. Digital locks are easy to install, low cost security solutions, which can be operated as per the user’s convenience from the smartphones. Some of the main advantages offered by digital locks are they can be opened or deactivated by authentication such as passwords and passphrases, biometrics, numerical codes, and RFID, among others.

Digital door lock system market is poised to flow exponentially in the near future owing to the growing concerns for security in residential, commercial, industrial, and government campuses. Availability of advanced features such as face and iris recognition, as well as voice and fingerprint recognition in the digital door locks cater to the growth of digital lock system market globally. Effective access-based control solutions at several places including multinational companies, government organizations, and research institutions are among the early adopters of digital lock systems all over the world.

Global Digital Door Lock System Market

Growing concerns about the security of residential buildings are expected to boost the growth of digital lock system market. High penetration of smartphones, need of security in private properties and apartments in urban areas, and Do It Yourself (DIY) are some other factors paving way for the global digital lock system market. In the developed parts of the world such as U.S. and Europe, use of smartphone as a means to gain entry at prohibited places is fueling the growth of digital door lock system market. Whereas, the high initial installation prices for these systems are expected to hamper the growth of this market. Government’s initiatives and plans to develop smart cities and buildings which will need strong security and access based mechanisms to restrict unauthorized entries are projected to offer various opportunities in the digital door lock system market.

Market segmentation of global digital door lock system market is based on product type, end-user, and region. The product type segment is categorized into biometrics and keypad locks. The biometrics segment is further bifurcated into face recognition, iris recognition, voice recognition, signature recognition, fingerprint recognition, and vein and palm recognition. Magnetic stripes, electromechanical, and electric strike are the sub-segments included in keypad locks segment. The end-user segment is categorized into residential, commercial, industrial, and government. Regional segmentation of the digital door lock system market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with further country wise bifurcation into major countries such as the U.S., UK, France, Germany, China, Japan, India, and Brazil.

The major players operating in the global digital door lock system market are Hanman International Pvt. Ltd., Nestwell Technologies, Godrej & Boyce Manufacturing Company Ltd., Cisco Systems, Inc., Panasonic Corporation, Hitachi Ltd., Wintec Electronic Tech Co. Ltd., Assa Abloy Group, Xeeder Technology Co. Ltd., United Technologies Corporation, Honeywell International Inc., and Siemens AG, among others.

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