Based on Technavio, Insights on the Digital Door Locks Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024
The digital door locks market is expected to grow by USD 10 bn, progressing at a CAGR of over 28% during the forecast period.
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The diversified applications of digital door locks is one of the major factors propelling market growth.
More details: https://www.technavio.com/report/digital-door-locks-market-industry-analysis
Digital Door Locks Market: Product Landscape
Based on the product, the Biometric digital lock segment is expected to witness lucrative growth during the forecast period.
Digital Door Locks Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 51% of the market’s overall growth is expected to originate from APAC. China, Japan, and India are the key markets for digital door locks in APAC.
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Companies Covered:
- Allegion Plc
- ASSA ABLOY AB
- dormakaba Holding AG
- Godrej & Boyce Mfg. Co. Ltd.
- Honeywell International Inc.
- Napco Security Technologies Inc.
- Salto Systems SL
- Samsung Electronics Co. Ltd.
- Spectrum Brands Holdings Inc.
- United Technologies Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market size
- Market Outlook
- Market sizing 2019
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Biometric Digital Locks – Market size and forecast 2019-2024
- Keypad Locks – Market size and forecast 2019-2024
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increasing demand for safety and security by the residential housing and commercial sectors
- Easy to install and technologically advanced customized digital door locks
- Adoption of smart locks
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Allegion Plc
- ASSA ABLOY AB
- dormakaba Holding AG
- Godrej & Boyce Mfg. Co. Ltd.
- Honeywell International Inc.
- Napco Security Technologies Inc.
- Salto Systems SL
- Samsung Electronics Co. Ltd.
- Spectrum Brands Holdings Inc.
- United Technologies Corp.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
SOURCE Technavio Research