Market Overview:
The global smart fingerprint locks market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart security solutions and rising concerns about safety and security among consumers. In addition, the growing adoption of fingerprint recognition technology in smartphones is also contributing to the growth of this market. The global smart fingerprint locks market can be segmented on the basis of type into capacitive type and heat sensitive type. The capacitive type segment is expected to account for a larger share of the global market than the heat sensitive type segment during the forecast period. This can be attributed to its superior performance as compared to other types of fingerprint locks available in the market. On basis application, household applications are anticipated witness highest adoption rate over commercial applications through 2030 owing higher number installations across residential complexes globally as well as North America region followed by Europe region respectively .
Product Definition:
A Smart Fingerprint Lock is a door lock that requires fingerprint verification to open. This type of lock is becoming increasingly popular because it is more secure than traditional locks and can be opened with little effort.
Capacitive Type:
Capacitive touch technology uses a capacitor for sensing the presence, position and pressure of the finger on the screen. This technology is used in various devices such as smartphones, tablets and laptops among others. The major advantage of using capacitive touch is that it works even when the screen is turned off or device is closed thereby avoiding direct contact with sensors.
Heat Sensitive Type:
The heat sensitive type is a technology that enables the user to unlock their device by simply placing their finger on the sensor. It offers convenience and faster security as compared to other technologies such as NFC or Bluetooth. The growing demand for consumer electronics with advanced security features is expected to drive market growth over the forecast period.
Smart fingerprint locks are gaining popularity among consumers due to its added advantages such as high level of security, fast & secure access, convenient use.
Application Insights:
The commercial segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing adoption of fingerprint locks by hotels, hospitals and corporate offices for safety purposes. Furthermore, rising penetration of biometric authentication systems is also expected to contribute towards segment growth over the forecast period.
The household application is projected to register a significant CAGR during the study period owing to growing awareness about security issues and finger printing identification technology becoming popular at an early age among parents with children at school or daycare centers as it reduces childcare workers¢â‚¬â„¢ chances of being robbed or assaulted while collecting money from outside gates through point-of-sale (POS) machines or vending machines without having authorized access into accounts linked with these devices.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its position throughout the forecast period owing to high disposable income, technological advancements, and increasing adoption of smart devices. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due primarily smart device proliferation and rising investments by governments in developing economies including China & India for building smart cities. Moreover, growing penetration of biometric security systems across various applications such as government offices, banks, educational institutes has been driving demand for GSBLs in this region over the past few years.
The European regional market comprises majorly Germany that accounted for a revenue share of over 15% in 2017 owing to early technology adoption coupled with increased spending on infrastructure development across several countries including Italy & Spain among others’ has contributed significantly towards growth within this region.
Growth Factors:
- Increasing demand for smart security systems: The increasing demand for smart security systems is one of the key growth drivers for the global Smart Fingerprint Locks market. This is because of the growing awareness about the benefits of using such systems, which include enhanced security and convenience.
- Rising adoption of fingerprint recognition technology: The rising adoption of fingerprint recognition technology is another key growth driver for this market. This is because this technology offers enhanced security and convenience over traditional authentication methods such as passwords and PINs.
- Growing demand from residential sector: The growing demand from the residential sector is another major growth driver for this market, as homeowners are increasingly installing Smart Fingerprint Locks in their homes to enhance security levels.
- Increasing use in commercial applications: Another major factor driving growth in this market is the increasing use of Smart Fingerprint Locks in commercial applications such as office buildings, hospitals, schools, etc., owing to their advantages over traditional locks in terms of speed and efficiency.. 5) Technological advancements: One final factor drivinggrowthinthismarketisthecontinuingtechnologicaladvancementsinthesmartfingerprintslocksegmentthataremakingthemmoresecureandconvenienttouse
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Fingerprint Locks Market Research Report
By Type
Capacitive Type, Heat Sensitive Type
By Application
Household, Commercial
By Companies
ASSA ABLOY, Samsung, Allegion, Kwikset (Spectrum Brands), MIWA Lock, Master Lock (Fortune Brands), Guangdong Be-Tech, Adel, Honeywell, Jiangmen Keyu Intelligence, Tenon, Locstar, Probuck, Guangdong Level Intelligent Lock
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Smart Fingerprint Locks Market Report Segments:
The global Smart Fingerprint Locks market is segmented on the basis of:
Types
Capacitive Type, Heat Sensitive Type
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
Household, Commercial
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:
- ASSA ABLOY
- Samsung
- Allegion
- Kwikset (Spectrum Brands)
- MIWA Lock
- Master Lock (Fortune Brands)
- Guangdong Be-Tech
- Adel
- Honeywell
- Jiangmen Keyu Intelligence
- Tenon
- Locstar
- Probuck
- Guangdong Level Intelligent Lock
Highlights of The Smart Fingerprint Locks 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:
- Capacitive Type
- Heat Sensitive Type
- By Application:
- Household
- Commercial
- 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 Smart Fingerprint Locks 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.
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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?
Smart Fingerprint Locks are a new type of security feature that uses fingerprint recognition technology to secure devices. When you unlock your device with your fingerprint, the lock will automatically recognize your unique print and allow you access to the device. Smart Fingerprint Locks are convenient and secure, making it easy to keep your devices safe and protected.
Some of the major companies in the smart fingerprint locks market are ASSA ABLOY, Samsung, Allegion, Kwikset (Spectrum Brands), MIWA Lock, Master Lock (Fortune Brands), Guangdong Be-Tech, Adel, Honeywell, Jiangmen Keyu Intelligence, Tenon, Locstar, Probuck, Guangdong Level Intelligent Lock.
The smart fingerprint locks market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Fingerprint Locks Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Fingerprint Locks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Fingerprint Locks Market - Supply Chain
4.5. Global Smart Fingerprint Locks Market Forecast
4.5.1. Smart Fingerprint Locks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Fingerprint Locks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Fingerprint Locks Market Absolute $ Opportunity
5. Global Smart Fingerprint Locks Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Fingerprint Locks Market Size and Volume Forecast by Type
5.3.1. Capacitive Type
5.3.2. Heat Sensitive Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Fingerprint Locks Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Fingerprint Locks Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Fingerprint Locks Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Fingerprint Locks Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Fingerprint Locks Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Fingerprint Locks Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Fingerprint Locks Demand Share Forecast, 2019-2026
9. North America Smart Fingerprint Locks Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Fingerprint Locks Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Fingerprint Locks Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Fingerprint Locks Market Size and Volume Forecast by Type
9.7.1. Capacitive Type
9.7.2. Heat Sensitive Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Fingerprint Locks Demand Share Forecast, 2019-2026
10. Latin America Smart Fingerprint Locks Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Fingerprint Locks Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Fingerprint Locks Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Fingerprint Locks Market Size and Volume Forecast by Type
10.7.1. Capacitive Type
10.7.2. Heat Sensitive Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Fingerprint Locks Demand Share Forecast, 2019-2026
11. Europe Smart Fingerprint Locks Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Fingerprint Locks Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Fingerprint Locks Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Fingerprint Locks Market Size and Volume Forecast by Type
11.7.1. Capacitive Type
11.7.2. Heat Sensitive Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Fingerprint Locks Demand Share, 2019-2026
12. Asia Pacific Smart Fingerprint Locks Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Fingerprint Locks Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Fingerprint Locks Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Fingerprint Locks Market Size and Volume Forecast by Type
12.7.1. Capacitive Type
12.7.2. Heat Sensitive Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Fingerprint Locks Demand Share, 2019-2026
13. Middle East & Africa Smart Fingerprint Locks Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Fingerprint Locks Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Fingerprint Locks Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Fingerprint Locks Market Size and Volume Forecast by Type
13.7.1. Capacitive Type
13.7.2. Heat Sensitive Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Fingerprint Locks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Fingerprint Locks Market: Market Share Analysis
14.2. Smart Fingerprint Locks Distributors and Customers
14.3. Smart Fingerprint Locks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ASSA ABLOY
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Samsung
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Allegion
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kwikset (Spectrum Brands)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MIWA Lock
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Master Lock (Fortune Brands)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Guangdong Be-Tech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Adel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Honeywell
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jiangmen Keyu Intelligence
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tenon
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Locstar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Probuck
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Guangdong Level Intelligent Lock
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
