Market Overview:
The global digital door lock system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced security systems, rising concerns over safety and security, and growing adoption of smart locks by consumers. The keypad locks segment is expected to hold the largest share of the global digital door lock system market in 2018. This segment is projected to grow at a CAGR of 8% during the forecast period from 2018 to 2030. The biometrics locks segment is projected to grow at a CAGR of 6% during the same period.
Product Definition:
A digital door lock system is a type of locking device that uses an electronic code to unlock the door. This type of system can be used in place of traditional key-based locks, or it can be used in conjunction with keyed locks for added security. Digital door lock systems are often used in commercial settings, such as office buildings and retail stores, because they provide an extra layer of security against theft and vandalism. They are also popular among homeowners because they offer a high level of convenience and flexibility; for example, you can create temporary codes for guests that allow them to access the property without having to carry around a physical key.
Keypad Locks:
Keypad locks are a new-age technology that is used to provide security against unauthorized access. It is an electronic device which consists of a keypad and backlight for entering the code. The codes can be either entered manually or automatically depending on the type of lock it is. Keypads are widely used in offices, residential places, hospitals, hotels and other such establishments where people need to enter their authorized codes frequently but cannot trust manual entry all the time.
Biometrics Locks:
Biometrics Locks and its usage in Digital Door Lock System is a new technology that combines fingerprint identification, a one-time password or personal code recognition and the traditional key. The system uses the physical characteristics of an individual to authenticate transactions. It provides high levels of security as it is difficult to replicate any person's unique fingerprints, even with advanced equipment.
The biometric locks are used in various applications such as government buildings, private companies' offices, banks.
Application Insights:
The commercial application segment accounted for the largest share of more than 60.0% in 2017. The growing trend of office moving from centralized location to door-step locations is expected to boost the demand for digital door lock system in this segment over the forecast period. With an increase in number of tourist arrivals at various popular destinations, hotels and resorts are installing these systems as a safety feature, thereby driving the market growth over next few years.
The residential application segment is expected to witness significant growth with a CAGR exceeding 8% from 2018 to 2030 owing to rising awareness about home security among consumers across regions including North America and Europe. In addition, increasing investments by governments on improving public infrastructure coupled with rising disposable income levels among emerging middle-class population will fuel industry expansion over forecast period ahead of schedule 2020 -2030 ¢â‚¬â€œ 2030 ¢â‚¬ which was previously scheduled for 2025 only.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing home security system sales and government initiatives for improved safety standards across various sectors, such as healthcare, education, and commercial buildings. For instance, according to a study conducted by the National Association of Home Builders (NAHB) in 2015-2016; around 60% of new single-family houses built in U.S.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand from developing countries such as China and India due to growing crime rates especially against women at domestic locations has resulted into increased adoption of these systems across key markets including China & Japan along with other South East Asian countries like Indonesia & Malaysia etc.
Growth Factors:
- Increasing demand for security and safety in residential and commercial buildings
- Rising awareness about the benefits of using digital door locks
- Growing popularity of smart home technologies
- Proliferation of e-commerce and online shopping portals
- Rising disposable income levels in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Door Lock System Market Research Report
By Type
Keypad Locks, Biometrics Locks
By Application
Residential, Commercial, Government, Other
By Companies
Siemens AG, Honeywell International, Inc., Hitachi Ltd., The ASSA Abloy Group, Cisco Systems, Inc., Godrej & Boyce, United Technologies Corporation, Panasonic Corporation, Nestwell Technologies, Vivint, Inc., Siemens AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Digital Door Lock System Market Report Segments:
The global Digital Door Lock System market is segmented on the basis of:
Types
Keypad Locks, Biometrics Locks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Government, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens AG
- Honeywell International, Inc.
- Hitachi Ltd.
- The ASSA Abloy Group
- Cisco Systems, Inc.
- Godrej & Boyce
- United Technologies Corporation
- Panasonic Corporation
- Nestwell Technologies
- Vivint, Inc.
- Siemens AG
Highlights of The Digital Door Lock System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Keypad Locks
- Biometrics Locks
- By Application:
- Residential
- Commercial
- Government
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Door Lock System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A digital door lock system is a security measure that uses electronic devices to secure entrances to buildings or other areas. These systems typically use biometric identification, such as fingerprints or facial recognition, to identify authorized users. Once the user has been authenticated, they are allowed access to the area protected by the system.
Some of the major players in the digital door lock system market are Siemens AG, Honeywell International, Inc., Hitachi Ltd., The ASSA Abloy Group, Cisco Systems, Inc., Godrej & Boyce, United Technologies Corporation, Panasonic Corporation, Nestwell Technologies, Vivint, Inc., Siemens AG.
The digital door lock system market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Door Lock System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Door Lock System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Door Lock System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Door Lock System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Door Lock System Market Size & Forecast, 2020-2028
4.5.1 Digital Door Lock System Market Size and Y-o-Y Growth
4.5.2 Digital Door Lock System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Keypad Locks
5.2.2 Biometrics Locks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Government
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Door Lock System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Door Lock System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Keypad Locks
9.6.2 Biometrics Locks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Government
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Keypad Locks
10.6.2 Biometrics Locks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Government
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Keypad Locks
11.6.2 Biometrics Locks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Government
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Keypad Locks
12.6.2 Biometrics Locks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Government
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Keypad Locks
13.6.2 Biometrics Locks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Government
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Door Lock System Market: Competitive Dashboard
14.2 Global Digital Door Lock System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens AG
14.3.2 Honeywell International, Inc.
14.3.3 Hitachi Ltd.
14.3.4 The ASSA Abloy Group
14.3.5 Cisco Systems, Inc.
14.3.6 Godrej & Boyce
14.3.7 United Technologies Corporation
14.3.8 Panasonic Corporation
14.3.9 Nestwell Technologies
14.3.10 Vivint, Inc.
14.3.11 Siemens AG
