Digital Door Lock Systems Market By Technology (Biometrics Lock, Keypad Locks), By End-User (Government, Residential, Commercial, Industrial) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026
Industry Outlook
Safety of physical possession is a big and continuously growing concern across the globe. Various security measure including digital door lock systems is incorporated on a considerable scale in order to curb activities such as illegal interference or unauthorized trespassing. This allowed digital door locks systems market to reach a market of US$ 2.31 Bn in 2017. Perpetual growth in crime associated with break-in expected to encourage the growth of digital door market system with a CAGR of 27.2% throughout the forecast period from 2018 to 2026. The market is projected to reach a mark of US$ 18.62 Bn in 2026 owing to the growing faith of several end-user in the system compared to conventional mechanical lock.
"Biometrics Door Locks to Safeguard its Market Dominance in Coming Years"
In 2017, biometrics door lock remains dominant over keypad locks in terms of market value. The system successfully installed the faith in consumers’ mind about the safety and security it provides. The systems are extensively used for several end-user such as government & corporate offices and in residential properties to some extent. Biometrics door lock systems use different body parts for authorization such as face recognition, iris recognition, palm recognition, voice recognition, signature recognition, and fingerprint recognition. Authentication via physical attributes ensures complete security as every individual has a unique feature which is almost impossible to imitate. Keypad lock system includes magnetic strip, electromagnetic door lock, and electric strike lock. Thes lock is losing its market share to biometrics systems owing to their vulnerability of hacking passwords and misusing of keycards responsible for authentication. Consequently, keypad door lock systems projected to witness a sluggish growth in coming years.
"Commercial End-user Stood Supreme Over Other End-user Segment in Terms of Market Value"
Commercial end-user including corporate offices, hotels, universities, dormitories, banking, and financial institutes rely extensively on digital door locks for authorized access. The number of aforementioned end-user are witnessing a consistent rise across the globe. This, in turn, encouraged the demand for digital door lock systems. Besides commercial end-user, government is the second biggest advisory of digital lock systems and consequently, ranked second in terms of market value. Government infrastructure needs multiple level security and digital door lock systems provides the optimum authorization solution to highly classified and confidential data. In addition, other government infrastructures such as museums, art galleries, and public libraries are trusted with such digital door lock system for security. Governments, especially in developing nations across the globe are rapidly incorporating such technology. Therefore the segment projected to progress considerably in coming years.
"Europe Region Reciprocated to the Growing Potential of Digital Door Locks Systems"
Countries in Europe are one of the earliest to incorporate digital door lock systems and at present crowned as leading region in terms of market value. Blooming hospitality industry in several European countries stimulated the growth of digital door lock systems in the region. North America trailed Europe in terms of market value. Government and commercial end-user played a vital role in boosting the need for the lock systems. However, growing industries and presence of number of small and medium scale companies incorporating door lock systems have put Asia Pacific on the fast lane of progress. Consequently, the region projected to grow with to maximum growth throughout the forecast period 2018 to 2026.
"New Entrants Needs to Take Each Step Prudently Before Stepping into the Market"
The market is characterized by some of the ace security service and consumer electronics manufacturers. Presence of such players has made the market highly competitive and extremely difficult for new entrants. New entrants and small local companies have to earn the trust of their consumers in order to cement their market share. However, continuous improvement in biometrics technology and security technology is one of the prime focus areas of these companies. Expanding geographic presence is another prominent strategy adopted by these companies to maintain their market position. The research study include business strategies and recent development of few of the most prominent players in digital door lock systems market includes Cisco Systems, Inc., Godrej & Boyce Manufacturing Company Ltd., Onity Inc., ADT Inc., Assa Abloy Group, Siemens AG, United Technologies Corporation, Vivint, Inc., Tyco International Ltd., Allegion PLC, Wintec Electronic Tech Co. Ltd. Honeywell International Inc., Panasonic Corporation, Johnson Controls, and August Home among others.
Key questions answered in this report
- What are the latest trends in the digital door lock systems market and potential opportunities for the players?
- How rising security concerns and issues associated with unauthorized infiltration will affect the global as well as regional digital door lock systems market?
- Which are the largest and fastest growing segment in terms of technology, and end-user?
- Which is the most attractive geographical region/country for overall digital door lock systems market?
- How will technological development in biometrics door lock systems play a vital role in overall digital door lock systems market in coming years?
- What is the market size and trends in developing regions such as Asia Pacific, Middle East & Africa, and Latin America?
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global DDLS Market
2.2 Global DDLS Market, by Technology
2.3 Global DDLS Market, by End-user
2.4 Global DDLS Market, by Geography
Chapter 3 Market Dynamics
3.1 Global DDLS Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Growing Cases of Unauthorized Trespassing
3.1.1.2 Perpetual Rise in Biometrics Precision
3.1.1.3 Reducing Cost of Technology
3.1.2 Market Challenges
3.1.2.1 Lack of Awareness and Reliability in Emerging Market
3.2 See-Saw Analysis
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
3.4.1 Major Strategies Adopted by Key Players
Chapter 4 Global Digital Door Lock Systems (DDLS) Market Analysis, by Technology
4.1 Overview
4.1.1 Global DDLS Market Value Share, by Technology, 2017 & 2026 (Value, %)
4.1.2 Global DDLS Market Value, by Technology, 2016 – 2026 (US$ Bn)
4.2 Biometrics Lock
4.2.1 Face Recognition
4.2.1.1 Global Face Recognition DDLS Market, 2016 – 2026 (US$ Bn)
4.2.2 Palm Recognition
4.2.2.1 Global Palm Recognition DDLS Market, 2016 – 2026 (US$ Bn)
4.2.3 Voice Recognition
4.2.3.1 Global Voice Recognition DDLS Market, 2016 – 2026 (US$ Bn)
4.2.4 Fingerprint Recognition
4.2.4.1 Global Fingerprint Recognition DDLS Market, 2016 – 2026 (US$ Bn)
4.3 Keypad Locks
4.3.1 Magnetic Strip
4.3.1.1 Global Magnetic Strip DDLS Market, 2016 – 2026 (US$ Bn)
4.3.2 Electromagnetic Door Lock Strip
4.3.2.1 Global Electromagnetic Door Lock DDLS Market, 2016 – 2026 (US$ Bn)
4.3.3 Electric Strike Lock
4.3.3.1 Global Electric Strike Lock DDLS Market, 2016 – 2026 (US$ Bn)
Chapter 5 Global Digital Door Lock Systems (DDLS) Market Analysis, by End-user
5.1 Overview
5.1.1 Global DDLS Market Value Share, by End-user, 2017 & 2026 (Value, %)
5.1.2 Global DDLS Market Value, by End-user, 2016 – 2026 (US$ Bn)
5.2 Government
5.2.1 Global DDLS Market for Government, 2016 – 2026 (US$ Bn)
5.3 Residential
5.3.1 Global DDLS Market for Residential End-user, 2016 – 2026 (US$ Bn)
5.4 Commercial
5.4.1 Global DDLS Market for Commercial End-use, 2016 – 2026 (US$ Bn)
5.5 Industrial
5.5.1 Global DDLS Market for Industrial End-use, 2016 – 2026 (US$ Bn)
Chapter 6 North America Digital Door Lock Systems (DDLS) Market Analysis
6.1 Overview
6.1.1 North America DDLS Market Value, 2016-2026, (US$ Bn)
6.2 North America DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
6.2.1 Comparative Analysis
6.3 North America DDLS Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
6.3.1 Comparative Analysis
6.4 North America DDLS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
6.4.1 U.S.
6.4.2 Rest of North America
Chapter 7 Europe Digital Door Lock Systems (DDLS) Market Analysis
7.1 Overview
7.1.1 Europe DDLS Market Value, 2016-2026, (US$ Bn)
7.2 Europe DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
7.2.1 Comparative Analysis
7.3 Europe DDLS Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
7.3.1 Comparative Analysis
7.4 Europe DDLS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
7.4.1 U.K.
7.4.2 Germany
7.4.3 France
7.4.4 Rest of Europe
Chapter 8 Asia Pacific Digital Door Lock Systems (DDLS) Market Analysis
8.1 Overview
8.1.1 Asia Pacific DDLS Market Value, 2016-2026, (US$ Bn)
8.2 Asia Pacific DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
8.2.1 Comparative Analysis
8.3 Asia Pacific DDLS Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
8.3.1 Comparative Analysis
8.4 Asia Pacific DDLS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
Chapter 9 Rest of the World (RoW) Digital Door Lock Systems (DDLS) Market Analysis
9.1 Overview
9.1.1 RoW DDLS Market Value, 2016-2026, (US$ Bn)
9.2 RoW DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
9.2.1 Comparative Analysis
9.3 RoW DDLS Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
9.3.1 Comparative Analysis
9.4 RoW DDLS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
9.4.1 Middle East & Africa (MEA)
9.4.2 Latin America
Chapter 10 Company Profiles
10.1 Cisco Systems, Inc.
10.2 Godrej & Boyce Manufacturing Company Ltd.
10.3 Onity Inc.
10.4 ADT Inc.
10.5 Assa Abloy Group
10.6 Siemens AG
10.7 United Technologies Corporation
10.8 Vivint, Inc.
10.9 Tyco International Ltd.
10.10 Allegion PLC
10.11 Wintec Electronic Tech Co. Ltd.
10.12 Honeywell International Inc.
10.13 Panasonic Corporation
10.14 Johnson Controls
10.15 August Home
* DDLS - Digital Door Lock Systems
TABLE 1 Market Snapshot: Global Digital Door Lock Systems (DDLS) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
TABLE 5 Global DDLS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 6 North America DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
TABLE 7 North America DDLS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 8 Europe DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
TABLE 9 Europe DDLS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 10 Asia Pacific DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
TABLE 11 Asia Pacific DDLS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 12 RoW DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
TABLE 13 RoW DDLS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 14 Cisco Systems, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Godrej & Boyce Manufacturing Company Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 Onity Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 ADT Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 Assa Abloy Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 Siemens AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 United Technologies Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Vivint, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Tyco International Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Allegion PLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 Wintec Electronic Tech Co. Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Honeywell International Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Panasonic Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Johnson Controls: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 August Home: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Digital Door Lock Systems (DDLS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global DDLS Market Segmentation
FIG. 4 Global DDLS Market, by Technology, 2017 (US$ Bn)
FIG. 5 Global DDLS Market, by End-user, 2017 (US$ Bn)
FIG. 6 Global DDLS Market, by Geography, 2017 (US$ Bn)
FIG. 7 Global DDLS Market Value and Growth, 2016 – 2026, (US$ Bn) (Y-o-Y %)
FIG. 8 See-Saw Analysis: Global Industrial Mezzanines Market
FIG. 9 Attractive Investment Proposition, by Geography, 2017
FIG. 10 Global Market Positioning of Key Digital Door Lock Systems Companies, 2017
FIG. 11 Global DDLS Market Value Share, by Technology, 2017 & 2026 (Value, %)
FIG. 12 Global Face Recognition DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 13 Global Palm Recognition DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 14 Global Voice Recognition DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 15 Global Fingerprint Recognition DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 16 Global Magnetic Strip DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 17 Global Electromagnetic Door Lock DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 18 Global Electric Strike Lock DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 19 Global DDLS Market Value Share, by End-user, 2017 & 2026 (Value, %)
FIG. 20 Global DDLS Market for Government, 2016 – 2026 (US$ Bn)
FIG. 21 Global DDLS Market for Residential End-user, 2016 – 2026 (US$ Bn)
FIG. 22 Global DDLS Market for Commercial End-use, 2016 – 2026 (US$ Bn)
FIG. 23 Global DDLS Market for Industrial-Use, 2016 – 2026 (US$ Bn)
FIG. 24 North America DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 25 U.S. DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 26 Rest of North America DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 27 Europe DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 28 U.K. DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 29 Germany DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 30 France DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 31 Rest of Europe DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 32 Asia Pacific DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 33 China DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 34 Japan DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 35 India DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 36 Rest of Asia Pacific DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 37 RoW DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 38 Middle East & Africa (MEA) DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 39 Latin America DDLS Market Value, 2016-2026, (US$ Bn)
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