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Digital Door Lock System Market is segmented on the basis of Authentication Type, By End User - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2025
Digital Door Lock System Market- Global Industry Insights,2018–2025
Growing industrialization, considerable development of operations and service units of
enterprises across countries, and growing demand for security solutions in the residential
sector are some of the prominent factors fueling the growth of digital door lock systems
market. Incorporation of motion-activated camera, two-way audio communication, and
-video surveillance, are some of the other features that have led to considerable increase in
the growth of the digital door lock system market globally. These systems account for the
largest share of the revenues predominantly owing to the large scale adoption of fingerprint
sensors in the commercial and government end-use segments. This system can be
programmed to provide access to any required number of individuals. Moreover, low
ownership cost, easy availability, accurate information processing, and no requirement of
additional objects to provide access will continue to drive the revenues.
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Europe dominated the global digital door lock system market size in terms of both
volume and value in 2016.
Europe held the largest industry share in 2016. This is owing to the high living standards,
considerable demand in the residential segment for security purposes, and high adoption of
technology of population in this region. Increased business activities, high urbanization rates,
and high spending capacity of population in emerging economies of Asia Pacific is expected
to present unprecedented demands in the region. China, India, South Korea, Pakistan, and
Japan are expected to remain the prominent target countries of these solution providing
participants. Increasing number of terrorist activities in these emerging nations in conjunction
with a large number of infrastructure investment activities is expected to provide considerable
demand for security in the government end use segment over the forecast period.
Key Players operating in the Global Digital Door Lock System Market
Key players operating in the global digital door lock system market include ABB, Cisco
Systems, Inc., Hanman International Pte Ltd., Nestwell Technologies, Allegion PLC, Godrej
& Boyce Manufacturing Company Ltd., Hitachi Ltd., Panasonic Corporation, United
Technologies Corporation, Assa Abloy Group, Wintec Electronic Tech Co. Ltd., Vivint, Inc.,
Xeeder Technology Co. Ltd., Tyco International Ltd., and Honeywell International Inc.
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apeksha motghare
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