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Smart Robots Market with COVID-19 Impact Analysis by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Applicati...

Publisher:        MarketsandMarkets

# of Pages:        241

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Publication Date:  October, 2020

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1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION AND SCOPE 29
1.2.1 INCLUSIONS AND EXCLUSIONS 30
1.3 STUDY SCOPE 31
FIGURE 1 SMART ROBOTS MARKET SEGMENTATION 31
1.3.1 YEARS CONSIDERED 32
1.4 CURRENCY 32
1.5 STAKEHOLDERS 32
1.6 SUMMARY OF CHANGES 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 2 SMART ROBOTS MARKET: RESEARCH DESIGN 34
2.1.1 SECONDARY DATA 35
2.1.1.1 Major secondary sources 35
2.1.1.2 Key data from secondary sources 36
2.1.2 PRIMARY DATA 36
2.1.2.1 Key data from primary sources 37
2.1.2.2 Breakdown of primaries 37
2.1.3 SECONDARY AND PRIMARY RESEARCH 38
2.1.3.1 Key industry insights 39
2.2 MARKET SIZE ESTIMATION 39
2.2.1 BOTTOM-UP APPROACH 39
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – BOTTOM-UP (DEMAND SIDE)—DEMAND FOR SMART ROBOTS IN US 40
FIGURE 4 SMART ROBOTS MARKET: BOTTOM-UP APPROACH 41
2.2.2 TOP-DOWN APPROACH 41
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM PRODUCTS IN SMART ROBOTS MARKET 41
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR A COMPANY IN SMART ROBOTS MARKET 42
FIGURE 7 SMART ROBOTS MARKET: TOP-DOWN APPROACH 42
2.2.3 MARKET PROJECTIONS 42
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 43
FIGURE 8 DATA TRIANGULATION 43
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 44
2.4.1 ASSUMPTIONS 44
2.4.2 LIMITATIONS 44
3 EXECUTIVE SUMMARY 45
TABLE 1 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 45
3.1 REALISTIC SCENARIO 46
3.2 OPTIMISTIC SCENARIO 46
3.3 PESSIMISTIC SCENARIO 46
FIGURE 9 SMART ROBOTS MARKET GROWTH PROJECTION BY ADOPTING REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 47
FIGURE 10 IMPACT OF COVID-19 ON SMART ROBOTS MARKET 48
FIGURE 11 SERVICE ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET THROUGHOUT FORECAST PERIOD 48
FIGURE 12 HARDWARE TO HOLD LARGER SHARE OF SMART ROBOTS MARKET THROUGHOUT FORECAST PERIOD 49
FIGURE 13 MOBILE ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET IN 2020 50
FIGURE 14 GROUND ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET THROUGHOUT FORECAST PERIOD 51
FIGURE 15 SMART ROBOTS WILL BE PRIMARILY DEPLOYED FOR DOMESTIC APPLICATION IN 2020 52
FIGURE 16 APAC TO GROW AT HIGHEST CAGR IN SMART ROBOTS MARKET DURING FORECAST PERIOD 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN SMART ROBOTS MARKET 54
FIGURE 17 RISING INTEGRATION OF IOT IN ROBOTS FOR COST-EFFICIENT PREDICTIVE MAINTENANCE TO BOOST DEMAND FOR SMART ROBOTS DURING FORECAST PERIOD 54
4.2 SMART ROBOTS MARKET, BY MOBILITY 54
FIGURE 18 MOBILE ROBOTS ARE EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 54
4.3 SMART ROBOTS MARKET IN NORTH AMERICA, BY APPLICATION VS. BY COUNTRY 55
FIGURE 19 PROFESSIONAL APPLICATIONS AND US TO HOLD LARGEST SHARE OF SMART ROBOTS MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY, RESPECTIVELY, IN 2020 55
4.4 SMART ROBOTS MARKET, BY TYPE 55
FIGURE 20 SERVICE ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET IN 2020 55
4.5 SMART ROBOTS MARKET, BY APPLICATION 56
FIGURE 21 COMPANIONSHIP ROBOTS ARE EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 56
4.6 SMART ROBOTS MARKET, BY COUNTRY 56
FIGURE 22 US TO HOLD LARGEST SHARE OF SMART ROBOTS MARKET IN 2020 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 57
FIGURE 23 IMPACT OF DRIVERS AND OPPORTUNITIES ON SMART ROBOTS MARKET 58
FIGURE 24 IMPACT OF RESTRAINTS AND CHALLENGES ON SMART ROBOTS MARKET 59
5.2.1 DRIVERS 59
5.2.1.1 Anticipated labor shortage due to COVID-19-responsive ban on migration 59
5.2.1.2 Growing adoption of robots for new applications 60
5.2.1.3 Rising integration of IoT in robots for cost-efficient predictive maintenance 60
FIGURE 25 INTERNET OF ROBOTIC THINGS MARKET, 2015–2022 61
5.2.1.4 Increasing funding for research on robots 61
5.2.2 RESTRAINTS 62
5.2.2.1 Data privacy concerns and stringent regulations 62
5.2.3 OPPORTUNITIES 62
5.2.3.1 COVID-19 pandemic prompting several industries to adopt automation technologies 62
5.2.3.2 Increased adoption of robots for companionship, handicap assistance, and elderly care 63
FIGURE 26 PROJECTION OF POPULATION ABOVE 60 YEARS OF AGE 63
5.2.3.3 Adoption of swarm intelligence technology enabling robots to perform various complex tasks with ease 64
FIGURE 27 SWARM INTELLIGENCE MARKET GROWTH DURING 2020–2030 64
5.2.4 CHALLENGES 64
5.2.4.1 Difficulties faced by startup companies to demonstrate their products virtually during COVID-19 64
5.2.4.2 Inaccurate results impeding use in critical operations 65
5.3 CASE STUDIES 65
5.3.1 PERSONAL APPLICATIONS (SMART HOME ROBOTS) 65
5.3.1.1 I7+ floor cleaning robot by iRobot (US) 65
5.3.1.2 Zenbo by ASUSTek Computer (Taiwan) 65
5.3.1.3 Landroid by Worx (US) 65
5.3.1.4 Roybi robot by ROYBI (US) 66
5.3.1.5 Forpheus, Omron’s (Japan) table tennis-playing robot 66
5.3.2 PROFESSIONAL APPLICATIONS (INTELLIGENT ROBOTS) 66
5.3.2.1 Phoenix Children’s Hospital uses robotic guidance for neurosurgery 66
5.3.2.2 Relay robot developed by Savioke (US) used in hotels such as Starwood (US) and InterContinental Group (US) 66
5.3.3 INDUSTRIAL APPLICATIONS (AI-INTEGRATED ROBOTIC SYSTEM) 66
5.3.3.1 Roboteco (Italy) developed industry 4.0 robotic welding cell for Steel-Tech (US) 66
5.3.3.2 Ford Motor Company automated its vehicle production line with KUKA LBR iiwa 66
5.3.3.3 ASM Assembly Systems used KUKA LBR iiwa robots to optimize its SMT lines for the electronics industry 67
5.3.3.4 P4Q electronics increased its production throughput by 25% by deploying smart, adaptable cobot on factory floor 67
5.4 AVERAGE SELLING PRICE AS PER USE CASES 67
6 INDUSTRY TRENDS 68
6.1 INTRODUCTION 68
6.2 VALUE CHAIN ANALYSIS 68
FIGURE 28 VALUE CHAIN ANALYSIS OF SMART ROBOTS ECOSYSTEM: R&D AND MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE 69
6.3 ECOSYSTEM MAP 71
6.4 PATENT ANALYSIS 72
TABLE 2 IMPORTANT INNOVATIONS AND PATENT REGISTRATION 72
FIGURE 29 PUBLICATION TRENDS 74
6.5 TECHNOLOGY TRENDS 74
6.5.1 CONVERGENCE OF ROBOTICS, IOT, AND CLOUD COMPUTING TO ENABLE PREDICTIVE MAINTENANCE 74
FIGURE 30 IIOT MARKET, 2020 & 2025 75
6.5.2 INTEGRATION WITH AI 75
6.5.3 INTEGRATION WITH 5G NETWORKS 76
6.5.4 CONNECTIVITY TECHNOLOGY 76
6.5.4.1 Ethernet 76
6.5.4.2 Wi-Fi 76
6.5.4.3 Bluetooth 76
6.5.4.4 Cellular 77
6.5.5 NETWORK DEVICES 77
6.5.5.1 Ethernet adapters 77
6.5.5.2 Interconnects 77
6.5.6 STORAGE DEVICES 77
6.5.7 INTEROPERABILITY SOFTWARE 78
6.6 TRADE DATA 78
6.6.1 VEHICLE PRODUCTION DATA 78
TABLE 3 GLOBAL VEHICLE PRODUCTION NUMBERS, BY REGION, 2018–2025 (MILLION UNITS) 79
TABLE 4 GLOBAL VEHICLE PRODUCTION NUMBERS, BY TYPE, 2018–2025 (MILLION UNITS) 79
6.7 TARIFFS AND REGULATIONS 79
6.7.1 NEGATIVE IMPACT OF TARIFFS ON SMART SERVICE ROBOTS 79
6.7.2 POSITIVE IMPACT OF TARIFFS ON SMART SERVICE ROBOTS 80
6.8 REGULATIONS 80
6.8.1 NORTH AMERICA 80
6.8.2 EUROPE 80
6.8.3 APAC 80
 
7 SMART ROBOTS MARKET, BY COMPONENT 81
7.1 INTRODUCTION 82
FIGURE 31 SMART ROBOTS MARKET FOR SOFTWARE EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD 82
TABLE 5 SMART ROBOTS MARKET, BY COMPONENT, 2017–2025 (USD MILLION) 82
7.2 HARDWARE 83
TABLE 6 SMART ROBOTS MARKET FOR HARDWARE, BY COMPONENT,
2017–2025 (USD MILLION) 83
TABLE 7 SMART ROBOTS MARKET FOR HARDWARE, BY ROBOT TYPE,
2017–2025 (USD MILLION) 83
7.2.1 SENSORS 84
TABLE 8 SMART ROBOTS MARKET FOR SENSOR, BY TYPE, 2017–2025 (USD MILLION) 84
7.2.1.1 Gyroscope 85
7.2.1.1.1 Gyroscopes facilitate rotation and operation measurement and are critical for performing complex applications 85
7.2.1.2 Average selling prices of gyroscope 85
7.2.1.3 Microphones 85
7.2.1.3.1 Microphones are critical for human-robot interactions 85
7.2.1.4 Accelerometers 85
7.2.1.4.1 Accelerometers are being widely used as impact (shock) or vibration sensors 85
7.2.1.5 Average selling prices of accelerometers 86
7.2.1.6 Tilt sensors 86
7.2.1.6.1 Tilt sensors critical in maintaining constant position and stability of robots 86
7.2.1.7 Force/torque sensors 86
7.2.1.7.1 Force sensors help smart robots carry out force regulation, react to object contacts and make decisions regarding task 86
7.2.1.8 Average selling prices of force sensors 87
7.2.1.9 Position sensors 87
7.2.1.9.1 Position sensors are used by several robots such as surgical robots, automated guided vehicles, and telepresence robots 87
7.2.1.10 Average selling prices of position sensors 87
7.2.1.11 Vision/image sensors 88
7.2.1.11.1 Vision sensors facilitate 2D and 3D image sensing in visible and nonvisible spectrum 88
7.2.1.12 Average selling prices of vision sensors 88
7.2.1.13 Others 88
7.2.2 ACTUATORS 89
FIGURE 32 PIEZOELECTRIC SEGMENT IS EXPECTED TO GROW AT A HIGHEST CAGR DURING FORECAST PERIOD IN SMART ROBOTS MARKET FOR ACTUATORS 89
TABLE 9 SMART ROBOTS MARKET FOR ACTUATORS, BY TYPE,
2017–2025 (USD MILLION) 89
7.2.2.1 Electrical 90
7.2.2.1.1 Electrical actuators held largest share of smart robots market for actuators in 2019 90
7.2.2.2 Average selling prices of electrical actuators 90
7.2.2.3 Pneumatic 90
7.2.2.3.1 Pneumatic actuators are lightweight, require minimal maintenance, and offer cost-efficient means of providing linear motion to robots 90
7.2.2.4 Average selling prices of pneumatic actuators 91
7.2.2.5 Hydraulic 91
7.2.2.5.1 Hydraulic actuators are used in robotics applications where heavy forces and high speed are required 91
7.2.2.6 Average selling prices of hydraulic actuators 91
7.2.2.7 Piezoelectric 91
7.2.2.7.1 Market for piezoelectric actuators is expected to grow at highest CAGR during forecast period 91
7.2.2.8 Average selling prices of piezoelectric actuators 92
7.2.2.9 Ultrasonic 92
7.2.2.9.1 Ultrasonic actuators are used for controlling vibrations, positioning applications, and quick switching 92
7.2.2.10 Average selling prices of ultrasonic actuators 92
7.2.3 POWER SOURCES 92
7.2.3.1 Robotic systems use several types of power sources such as generator systems, hybrid systems, batteries, photovoltaic cells, and fuel cells 92
7.2.4 CONTROL SYSTEMS/CONTROLLERS 93
TABLE 10 SMART ROBOTS MARKET FOR CONTROL SYSTEMS, BY COMPONENT,
2017–2025 (USD MILLION) 93
7.2.4.1 Processors 93
7.2.4.1.1 Market for GPU is expected to grow at highest CAGR during forecast period 93
TABLE 11 DIFFERENCE BETWEEN VARIOUS TYPES OF PROCESSORS 94
TABLE 12 SMART ROBOTS MARKET FOR PROCESSORS, BY TYPE,
2017–2025 (USD MILLION) 95
7.2.4.2 Controllers 95
7.2.4.2.1 Controllers decide when and which data is to be processed by processor 95
7.2.5 OTHERS 95
7.3 SOFTWARE 96
7.3.1 SERVICE ROBOTS HELD LARGEST SHARE OF SMART ROBOTS MARKET FOR SOFTWARE 96
FIGURE 33 SMART ROBOTS SOFTWARE MARKET FOR INDUSTRIAL ROBOTS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 96
TABLE 13 SMART ROBOTS MARKET FOR SOFTWARE, BY ROBOT TYPE,
2017–2025 (USD MILLION) 96
7.4 COVID-19 IMPACT ON MARKET FOR VARIOUS COMPONENTS 97
 
8 SMART ROBOTS MARKET, BY OPERATING ENVIRONMENT 98
8.1 INTRODUCTION 99
FIGURE 34 GROUND ROBOTS SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD 99
TABLE 14 SMART ROBOTS MARKET, BY ENVIRONMENT, 2017–2025 (USD MILLION) 99
TABLE 15 SMART ROBOTS MARKET, BY ENVIRONMENT, 2017–2025
(THOUSAND UNITS) 99
8.2 GROUND 100
8.2.1 SMART GROUND ROBOTS ARE GENERALLY IN FORM OF COLLABORATIVE ROBOTS AND AGVS 100
TABLE 16 SMART ROBOTS MARKET FOR GROUND ROBOTS, BY MOBILITY,
2017–2025 (USD MILLION) 101
TABLE 17 SMART ROBOTS MARKET FOR GROUND ROBOTS, BY APPLICATION,
2017–2025 (USD MILLION) 101
TABLE 18 SMART GROUND ROBOTS MARKET FOR PERSONAL & DOMESTIC APPLICATIONS, BY APPLICATION, 2017–2025 (USD MILLION) 102
TABLE 19 SMART GROUND ROBOTS MARKET FOR PROFESSIONAL APPLICATIONS,
BY APPLICATION, 2017–2025 (USD MILLION) 102
8.3 MARINE 103
8.3.1 MARINE ROBOTS ARE GENERALLY USED FOR OIL AND GAS EXPLORATION, PIPELINE INSPECTION, DEFENSE & MILITARY APPLICATIONS, ARCHAEOLOGICAL PURPOSES, AND OBJECT IDENTIFICATION 103
TABLE 20 SMART ROBOTS MARKET FOR MARINE ROBOTS, BY MOBILITY,
2017–2025 (USD MILLION) 103
TABLE 21 SMART ROBOTS MARKET FOR MARINE ROBOTS, BY APPLICATION,
2017–2025 (USD MILLION) 104
FIGURE 35 SMART MARINE ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 104
TABLE 22 SMART MARINE ROBOTS MARKET FOR PROFESSIONAL APPLICATIONS,
BY APPLICATION, 2017–2025 (USD MILLION) 104
8.4 COVID-19 IMPACT ON MARKET, BY OPERATING ENVIRONMENT 105
9 SMART ROBOT MARKET, BY TYPE 106
9.1 INTRODUCTION 107
FIGURE 36 INDUSTRIAL ROBOTS SEGMENT IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD, IN TERMS OF VALUE 107
TABLE 23 SMART ROBOTS MARKET, BY TYPE, 2017–2025 (USD MILLION) 107
TABLE 24 SMART ROBOTS MARKET, BY TYPE, 2017–2025 (THOUSAND UNITS) 107
9.2 SERVICE ROBOTS 108
9.2.1 SERVICE ROBOTS HELP TO ACHIEVE SAVING ON LABOR COSTS 108
TABLE 25 SMART ROBOTS MARKET FOR SERVICE ROBOTS, BY COMPONENT,
2017–2025 (USD MILLION) 109
9.3 INDUSTRIAL ROBOTS 109
9.3.1 INTEGRATION WITH AI TO DRIVE MARKET FOR INDUSTRIAL ROBOTS 109
FIGURE 37 SOFTWARE SEGMENT IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD IN SMART INDUSTRIAL ROBOTS MARKET 110
TABLE 26 SMART ROBOTS MARKET FOR INDUSTRIAL ROBOTS, BY COMPONENT,
2017–2025 (USD MILLION) 110
9.4 COVID-19 IMPACT ON MARKET, BY TYPE 111
10 SMART ROBOT MARKET, BY MOBILITY 112
10.1 INTRODUCTION 113
FIGURE 38 STATIONARY ROBOTS SEGMENT IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 113
TABLE 27 SMART ROBOTS MARKET, BY MOBILITY, 2017–2025 (USD MILLION) 113
10.2 MOBILE 114
10.2.1 MOBILITY HELPS IN MAKING ROBOTS MORE AUTONOMOUS, FASTER,
AND MORE EFFICIENT 114
TABLE 28 SMART ROBOTS MARKET FOR MOBILE ROBOTS, BY ENVIRONMENT,
2017–2025 (USD MILLION) 114
10.3 STATIONARY 115
10.3.1 STATIONARY ROBOTS ARE MAINLY USED FOR INDUSTRIAL APPLICATIONS 115
TABLE 29 SMART ROBOTS MARKET FOR STATIONARY ROBOTS, BY ENVIRONMENT, 2017–2025 (USD MILLION) 115
10.4 COVID-19 IMPACT ON MARKET, BY MOBILITY 116
11 SMART ROBOTS MARKET, BY APPLICATION 117
11.1 INTRODUCTION 118
FIGURE 39 SMART ROBOTS MARKET FOR PROFESSIONAL APPLICATIONS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 118
TABLE 30 SMART ROBOTS MARKET, BY APPLICATION, 2017–2025 (USD MILLION) 118
11.2 PERSONAL AND DOMESTIC 119
TABLE 31 SMART ROBOTS MARKET, BY PERSONAL & DOMESTIC APPLICATION,
2017–2025 (USD MILLION) 119
11.2.1 COMPANIONSHIP 119
11.2.1.1 Decline of extended families and rise of working women is fueling demand for companionship robots 119
TABLE 32 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION, BY REGION, 2017–2025 (USD THOUSAND) 120
TABLE 33 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND) 120
TABLE 34 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN APAC,
BY COUNTRY, 2017–2025 (USD THOUSAND) 120
TABLE 35 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN EUROPE,
BY COUNTRY, 2017–2025 (USD THOUSAND) 121
TABLE 36 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN ROW,
BY REGION, 2017–2025 (USD THOUSAND) 121
11.2.2 EDUCATION AND ENTERTAINMENT 122
11.2.2.1 Trend of digital education to generate demand for educational robots 122
TABLE 37 SMART ROBOTS MARKET, BY EDUCATION & ENTERTAINMENT APPLICATION, 2017–2025 (USD MILLION) 122
FIGURE 40 SMART ROBOTS MARKET IN APAC FOR EDUCATION AND ENTERTAINMENT APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 123
TABLE 38 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND) 123
TABLE 39 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION) 123
TABLE 40 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND) 124
TABLE 41 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND) 124
TABLE 42 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND) 125
11.2.3 DOMESTIC 125
11.2.3.1 Domestic robots are basically used for vacuuming, mowing lawns, and pool cleaning 125
TABLE 43 SMART ROBOTS MARKET, BY DOMESTIC APPLICATION,
2017–2025 (USD MILLION) 126
TABLE 44 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS, BY REGION,
2017–2025 (USD MILLION) 126
TABLE 45 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION) 126
TABLE 46 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN APAC,
BY COUNTRY, 2017–2025 (USD MILLION) 127
TABLE 47 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN EUROPE,
BY COUNTRY, 2017–2025 (USD MILLION) 127
TABLE 48 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN ROW,
BY REGION, 2017–2025 (USD MILLION) 128
11.2.4 OTHERS 128
11.2.4.1 Elderly and handicap assistance 128
11.2.4.1.1 Handicap assistive robots can sense sensory information of a human body and assist old and physically disabled people 128
11.2.4.2 Home security and surveillance 129
11.2.4.2.1 Home security and surveillance robots help in accessing blind spots and reducing false alarms 129
TABLE 49 SMART ROBOTS MARKET, BY OTHER PERSONAL & DOMESTIC APPLICATION, BY APPLICATION, 2017–2025 (USD MILLION) 129
TABLE 50 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND) 130
TABLE 51 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND) 130
TABLE 52 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND) 130
TABLE 53 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND) 131
TABLE 54 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND) 131
11.3 PROFESSIONAL 132
FIGURE 41 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 132
TABLE 55 SMART ROBOTS MARKET, BY PROFESSIONAL APPLICATION,
2017–2025 (USD MILLION) 132
11.3.1 MILITARY & DEFENSE 133
TABLE 56 SMART ROBOTS MARKET, BY MILITARY & DEFENSE APPLICATION,
2017–2025 (USD MILLION) 133
TABLE 57 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS,
BY REGION, 2017–2025 (USD MILLION) 133
TABLE 58 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND) 134
TABLE 59 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND) 134
TABLE 60 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND) 135
TABLE 61 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD MILLION) 135
11.3.1.1 Spying 135
11.3.1.1.1 Unmanned ground vehicles and unmanned underwater vehicles are used for spying applications 135
11.3.1.2 Search and rescue operations 136
11.3.1.2.1 Search and rescue operation robots can reach places inaccessible by humans 136
11.3.1.3 Border security 136
11.3.1.3.1 Rising geopolitical instabilities and territorial conflicts driving demand for smart robots 136
11.3.1.4 Combat operations 136
11.3.1.4.1 Exoskeletons are widely used for combat operations 136
11.3.2 LAW ENFORCEMENT 137
TABLE 62 SMART ROBOTS MARKET, BY LAW ENFORCEMENT APPLICATION,
2017–2025 (USD MILLION) 137
FIGURE 42 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 137
TABLE 63 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS,
BY REGION, 2017–2025 (USD THOUSAND) 138
TABLE 64 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND) 138
TABLE 65 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND) 138
TABLE 66 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND) 139
TABLE 67 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND) 139
11.3.2.1 Patrolling 140
11.3.2.1.1 Patrolling robots are generally capable of reading facial expressions and are multilingual 140
11.3.2.2 Riot control 140
11.3.2.2.1 Riot Control robots are equipped with non-lethal weapons for riot control and can be remotely controlled 140
 
11.3.3 PUBLIC RELATIONS 140
TABLE 68 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS,
BY REGION, 2017–2025 (USD MILLION) 140
TABLE 69 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION) 141
TABLE 70 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND) 141
TABLE 71 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND) 142
TABLE 72 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN ROW,
BY REGION, 2017–2025 (USD THOUSAND) 142
11.3.3.1 Reception management 142
11.3.3.1.1 Hotels, companies, and retail industry use robots for reception management 142
11.3.3.2 Tour guidance 143
11.3.3.2.1 Tour guidance robots read faces, respond to various languages, understand emotions, and even imitate human emotions 143
11.3.3.3 Telepresence 143
11.3.3.3.1 Telepresence robots find application in healthcare, corporate, and personal applications 143
11.3.4 LOGISTICS MANAGEMENT 143
TABLE 73 SMART ROBOTS MARKET, BY LOGISTICS MANAGEMENT APPLICATION, 2017–2025 (USD MILLION) 143
FIGURE 43 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATIONS IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 144
TABLE 74 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 144
TABLE 75 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION) 144
TABLE 76 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD MILLION) 145
TABLE 77 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION) 145
TABLE 78 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION) 146
11.3.4.1 Pick and place 146
11.3.4.1.1 Pick and place robots help save walking efforts of workers 146
11.3.4.2 Sorting 146
11.3.4.2.1 Sorting robots can help to reduce missorted packages 146
11.3.5 INDUSTRIAL 147
TABLE 79 SMART ROBOTS MARKET, BY INDUSTRIAL APPLICATION,
2017–2025 (USD MILLION) 147
TABLE 80 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION, BY REGION,
2017–2025 (USD MILLION) 147
TABLE 81 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND) 147
TABLE 82 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN APAC,
BY COUNTRY, 2017–2025 (USD THOUSAND) 148
TABLE 83 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN EUROPE,
BY COUNTRY, 2017–2025 (USD MILLION) 148
TABLE 84 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN ROW,
BY REGION, 2017–2025 (USD THOUSAND) 149
11.3.5.1 Manufacturing 149
11.3.5.1.1 In manufacturing, collaborative robots are mainly used for pick and place, packaging and palletizing, and machine tending applications 149
11.3.5.2 Material handling 150
11.3.5.2.1 Collaborative robots are often attached to AMRs and AGVs for material handling 150
11.3.6 INSPECTION AND MAINTENANCE 150
11.3.6.1 Oil & gas industry uses robots are used for inspection and maintenance purposes 150
FIGURE 44 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATIONS IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 150
TABLE 85 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION, BY REGION, 2017–2025 (USD MILLION) 151
TABLE 86 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION) 151
TABLE 87 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND) 151
TABLE 88 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND) 152
TABLE 89 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION) 152
11.3.7 FIELD/AGRICULTURAL 153
11.3.7.1 In agriculture, robots are used for crop monitoring, plant scouting, and milking livestock 153
TABLE 90 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 153
TABLE 91 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION) 153
TABLE 92 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND) 154
TABLE 93 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION) 154
TABLE 94 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION) 155
11.3.8 HEALTHCARE ASSISTANCE 155
11.3.8.1 Healthcare assistance robots are used for assisting patients and medicine dispensing 155
FIGURE 45 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 156
TABLE 95 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 156
TABLE 96 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND) 156
TABLE 97 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND) 157
TABLE 98 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND) 157
TABLE 99 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN ROW, BY REGION, 2017–2025 (USD THOUSAND) 158
11.3.9 OTHERS 158
TABLE 100 SMART ROBOTS MARKET FOR OTHER APPLICATIONS, BY REGION,
2017–2025 (USD THOUSAND) 159
TABLE 101 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA,
BY COUNTRY, 2017–2025 (USD THOUSAND) 159
TABLE 102 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND) 159
TABLE 103 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN EUROPE,
BY COUNTRY, 2017–2025 (USD THOUSAND) 160
TABLE 104 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND) 160
11.4 COVID-19 IMPACT ON MARKET, BY APPLICATION 161
12 GEOGRAPHIC ANALYSIS 162
12.1 INTRODUCTION 163
FIGURE 46 SMART ROBOTS MARKET: GEOGRAPHIC SNAPSHOT 163
FIGURE 47 NORTH AMERICA TO HOLD LARGEST SHARE OF SMART ROBOTS MARKET IN 2020 164
TABLE 105 SMART ROBOTS MARKET, BY REGION, 2017–2025 (USD MILLION) 164
12.2 NORTH AMERICA 165
FIGURE 48 NORTH AMERICA: SNAPSHOT OF THE SMART ROBOTS MARKET 166
TABLE 106 SMART ROBOTS MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2025 (USD MILLION) 166
TABLE 107 SMART ROBOTS MARKET IN NORTH AMERICA, BY APPLICATION,
2017–2025 (USD MILLION) 167
12.2.1 US 167
12.2.1.1 US to be promising market for agricultural, domestic, surgical, defense, and assistive robots 167
12.2.2 CANADA 168
12.2.2.1 Extensive start-up culture to encourage growth of smart robots market in Canada 168
12.2.3 MEXICO 169
12.2.3.1 Smart robots market in Mexico to grow at highest CAGR in North America during forecast period 169
12.3 EUROPE 169
FIGURE 49 EUROPE: SNAPSHOT OF THE SMART ROBOTS MARKET 170
TABLE 108 SMART ROBOTS MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION) 171
TABLE 109 SMART ROBOTS MARKET IN EUROPE, BY APPLICATION,
2017–2025 (USD MILLION) 171
12.3.1 UK 172
12.3.1.1 In 2019, UK held largest share of smart robots market in Europe 172
12.3.2 GERMANY 172
12.3.2.1 Adoption of robots in automotive industry to favor smart robots market growth in Germany 172
12.3.3 FRANCE 173
12.3.3.1 Smart robots market in France expected to grow at highest CAGR during forecast period among all European countries 173
12.3.4 ITALY 173
12.3.4.1 Presence of SMEs make Italy attractive market for smart industrial robots 173
12.3.5 SPAIN 173
12.3.5.1 Heightened use of robots in automotive and pharmaceuticals industry to favor smart robots market growth 173
12.3.6 REST OF EUROPE 174
12.4 APAC 174
FIGURE 50 APAC: SNAPSHOT OF SMART ROBOTS MARKET 175
TABLE 110 SMART ROBOTS MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION) 176
TABLE 111 SMART ROBOTS MARKET IN APAC, BY APPLICATION,
2017–2025 (USD MILLION) 176
12.4.1 JAPAN 176
12.4.1.1 Support from government and corporate sector for adoption of smart robots drives market in Japan 176
12.4.2 CHINA 177
12.4.2.1 Huge e-commerce industry propelling the demand for smart delivery robots in China 177
12.4.3 INDIA 178
12.4.3.1 Establishment of manufacturing plants can offer opportunities for smart robots deployment in India during forecast period 178
12.4.4 SOUTH KOREA 178
12.4.4.1 Aging population is driving adoption of smart robots for various applications 178
12.4.5 REST OF APAC 179
12.5 ROW 179
FIGURE 51 ROW: SNAPSHOT OF SMART ROBOTS MARKET 180
TABLE 112 SMART ROBOTS MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION) 181
TABLE 113 SMART ROBOTS MARKET IN ROW, BY APPLICATION,
2017–2025 (USD MILLION) 181
12.5.1 MIDDLE EAST & AFRICA 182
12.5.1.1 Increase in number of manufacturing facilities in Middle East to foster smart robots market growth 182
12.5.2 SOUTH AMERICA 182
12.5.2.1 Growing demand for robots from healthcare sector for rehabilitation driving market in South America 182
12.6 COVID-19 IMPACT ON MARKET IN VARIOUS REGIONS 183
13 COMPETITIVE LANDSCAPE 184
13.1 OVERVIEW 184
FIGURE 52 PLAYERS IN SMART ROBOTS MARKET ADOPTED PRODUCT LAUNCHES AS THEIR KEY STRATEGY FOR BUSINESS EXPANSION FROM 2017 TO 2019 184
13.2 MARKET SHARE ANALYSIS: SMART ROBOTS MARKET, 2019 185
FIGURE 53 IROBOT LED SMART ROBOTS MARKET IN 2019 185
13.3 MARKET RANKING ANALYSIS: SMART ROBOTS MARKET, 2019 185
TABLE 114 SMART ROBOTS MARKET RANKING, 2019 185
13.4 HISTORIC 5-YEAR REVENUE ANALYSIS 186
FIGURE 54 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN SMART ROBOTS MARKET 186
13.5 COMPANY EVALUATION QUADRANT 187
13.5.1 STAR 187
13.5.2 EMERGING LEADER 187
13.5.3 PERVASIVE 187
13.5.4 PARTICIPANT 187
FIGURE 55 SMART ROBOTS MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING, 2019 188
13.6 STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS) 189
FIGURE 56 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SMART ROBOTS MARKET 189
13.7 BUSINESS STRATEGY EXCELLENCE (25 PLAYERS) 190
FIGURE 57 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SMART ROBOTS MARKET 190
13.8 STARTUP/SME EVALUATION MATRIX 191
13.8.1 PROGRESSIVE COMPANIES 191
13.8.2 RESPONSIVE COMPANIES 191
13.8.3 DYNAMIC COMPANIES 191
13.8.4 STARTING BLOCKS 191
FIGURE 58 SMART ROBOTS MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX 192
13.9 COMPETITIVE SITUATIONS AND TRENDS 193
FIGURE 59 SMART ROBOTS MARKET WITNESSED SIGNIFICANT GROWTH FROM 2017 TO 2019 193
13.9.1 PRODUCT LAUNCHES 194
TABLE 115 PRODUCT LAUNCHES, 2019 194
13.9.2 PARTNERSHIPS AND COLLABORATIONS 195
TABLE 116 PARTNERSHIPS AND COLLABORATIONS, 2018–2019 195
13.9.3 EXPANSIONS 196
TABLE 117 EXPANSIONS, 2018–2019 196
13.9.4 ACQUISITIONS 197
TABLE 118 ACQUISITIONS, 2017–2019 197
 
14 COMPANY PROFILES 198
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1 KEY PLAYERS 198
14.1.1 IROBOT 198
FIGURE 60 IROBOT: COMPANY SNAPSHOT 199
14.1.2 SOFTBANK ROBOTICS 202
14.1.3 ABB 205
FIGURE 61 ABB: COMPANY SNAPSHOT 205
14.1.4 KUKA 209
FIGURE 62 KUKA: COMPANY SNAPSHOT 209
14.1.5 FANUC 213
FIGURE 63 FANUC: COMPANY SNAPSHOT 213
14.1.6 HANSON ROBOTICS 217
14.1.7 AMAZON 218
FIGURE 64 AMAZON: COMPANY SNAPSHOT 218
14.1.8 YASKAWA 220
FIGURE 65 YASKAWA: COMPANY SNAPSHOT 220
14.1.9 BLUE FROG ROBOTICS 223
14.1.10 KONGSBERG MARITIME 224
FIGURE 66 COMPANY SNAPSHOT: KONGSBERG MARITIME 224
14.2 OTHER KEY PLAYERS 227
14.2.1 UNIVERSAL ROBOTS 227
14.2.2 ECA GROUP 228
14.2.3 DELAVAL GROUP 229
14.2.4 INTUITIVE SURGICAL 230
14.2.5 NEATO ROBOTICS 230
14.2.6 BLUEFIN ROBOTICS 231
14.2.7 RETHINK ROBOTICS 231
14.2.8 AETHON 232
14.2.9 SAMSUNG ELECTRONICS 233
14.2.10 GECKOSYSTEMS 234
14.3 RIGHT-TO-WIN 235
14.3.1 IROBOT 235
14.3.2 KUKA 235
14.3.3 SOFTBANK ROBOTICS 236
14.3.4 ABB 237
14.3.5 FANUC 238
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
 
15 APPENDIX 239
15.1 DISCUSSION GUIDE 239
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 242
15.3 AVAILABLE CUSTOMIZATIONS 244
15.4 RELATED REPORTS 244
15.5 AUTHOR DETAILS 245

Telecom Power System Market by grid type (On-Grid, Off-Grid, Bad grid), component, power source, Technology, (AC power system, DC power system), Power...

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Publication Date:  March, 2022

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1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 22
1.3 STUDY SCOPE 23
1.3.1 MARKET SEGMENTATION 23
FIGURE 1 TELECOM POWER SYSTEM MARKET SEGMENTATION 23
1.3.2 GEOGRAPHIC SCOPE 23
1.3.3 INCLUSIONS AND EXCLUSIONS 24
1.3.4 YEARS CONSIDERED 25
1.4 CURRENCY 25
1.5 STAKEHOLDERS 25
1.6 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 2 TELECOM POWER SYSTEM MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Primary interviews with experts 29
2.1.2.2 Breakdown of primary interviews 29
2.1.2.3 Key data from primary sources 30
2.1.2.4 Key industry insights 30
2.2 MARKET SIZE ESTIMATION 31
FIGURE 3 TELECOM POWER SYSTEM MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 31
2.2.1 TOP-DOWN APPROACH 31
2.2.1.1 Approach for capturing market size by top-down analysis
(supply side) 32
FIGURE 4 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE 32
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE 33
2.2.2 BOTTOM-UP APPROACH 34
2.2.2.1 Approach for capturing market share by bottom-up analysis
(demand side) 34
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE 34
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 35
FIGURE 7 DATA TRIANGULATION 35
 
2.4 RESEARCH ASSUMPTIONS 36
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 36
2.5 LIMITATIONS 37
2.6 RISK FACTORS 37
3 EXECUTIVE SUMMARY 38
FIGURE 8 TELECOM POWER SYSTEM MARKET, 2018–2027 (USD BILLION) 39
3.1 TELECOM POWER SYSTEM MARKET SCENARIO 39
FIGURE 9 GROWTH PROJECTIONS FOR TELECOM POWER SYSTEM MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 39
3.1.1 REALISTIC SCENARIO 40
3.1.2 PESSIMISTIC SCENARIO 40
3.1.3 OPTIMISTIC SCENARIO 40
FIGURE 10 BAD GRID SEGMENT TO HOLD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET, BY GRID TYPE, DURING FORECAST PERIOD 40
FIGURE 11 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET, BY COMPONENT, DURING FORECAST PERIOD 41
FIGURE 12 DIESEL-BATTERY SEGMENT HELD LARGEST SHARE, BY POWER SOURCE,
OF TELECOM POWER SYSTEM MARKET IN 2021 41
FIGURE 13 APAC TO EXHIBIT HIGHEST CAGR IN GLOBAL TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 42
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN TELECOM POWER SYSTEM MARKET 43
FIGURE 14 INCREASING NUMBER OF TELECOM INFRASTRUCTURES IN REMOTE AREAS TO CREATE GROWTH OPPORTUNITIES FOR MARKET 43
4.2 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 44
FIGURE 15 DIESEL-SOLAR POWER SOURCE TO WITNESS HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 44
4.3 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 44
FIGURE 16 BAD-GRID SEGMENT HELD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET IN 2021 44
4.4 TELECOM POWER SYSTEM MARKET, BY COMPONENT 45
FIGURE 17 INVERTER COMPONENT SEGMENT TO EXPERIENCE HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 45
4.5 COUNTRY-WISE TELECOM POWER SYSTEM MARKET GROWTH 46
FIGURE 18 TELECOM POWER SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 47
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 47
5.2.1 DRIVERS 48
FIGURE 20 TELECOM POWER SYSTEM MARKET DRIVERS AND THEIR IMPACT 48
5.2.1.1 Increasing number of telecom infrastructures in remote areas 48
TABLE 2 4G TECHNOLOGY PENETRATION IN URBAN VS RURAL AREAS 49
5.2.1.2 Growing adoption of telecom services and high data traffic 49
FIGURE 21 MOBILE DATA TRAFFIC 2018–2022 49
TABLE 3 PENETRATION OF INDIVIDUALS USING INTERNET 50
5.2.1.3 Rising awareness about reducing carbon footprint from telecom power systems 50
5.2.2 RESTRAINTS 51
FIGURE 22 TELECOM POWER SYSTEM MARKET RESTRAINTS AND THEIR IMPACT 51
5.2.2.1 High deployment and operational costs 51
5.2.2.2 Environmental concerns due to usage of diesel 51
5.2.3 OPPORTUNITY 52
FIGURE 23 TELECOM POWER SYSTEM MARKET OPPORTUNITIES AND THEIR IMPACT 52
5.2.3.1 Growing adoption of hybrid power systems 52
5.2.3.2 Increasing technological advancements in cellular networks
(5G, LTE services, etc.) 53
TABLE 4 4G TECHNOLOGY PENETRATION 53
5.2.3.3 Surging requirements for advanced telecom infrastructure and
M2M connections 53
FIGURE 24 CELLULAR IOT CONNECTIONS, 2019 VS. 2025 54
5.2.3.4 Rising use of GaN-based power devices with evolution of 5G technology 54
5.2.4 CHALLENGES 55
FIGURE 25 TELECOM POWER SYSTEM MARKET CHALLENGES AND THEIR IMPACT 55
5.2.4.1 Lack of infrastructure development for energy management 55
5.2.4.2 Design challenges for telecom power systems 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 56
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO TELECOM POWER SYSTEM MARKET 56
5.4 ECOSYSTEM/MARKET MAP 57
TABLE 5 TELECOM POWER SYSTEM MARKET: ECOSYSTEM 57
FIGURE 27 KEY PLAYERS IN TELECOM POWER SYSTEM ECOSYSTEM 58
5.4.1 TELECOM POWER SYSTEM MANUFACTURERS 58
5.4.2 TELECOM NETWORK SOLUTION PROVIDERS 58
5.4.3 SYSTEM INTEGRATORS 58
5.4.4 NETWORK OPERATORS 59
5.5 TECHNOLOGY ANALYSIS 59
5.5.1 5G NETWORK 59
5.5.2 SMART MANUFACTURING 59
5.5.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS 60
5.6 VALUE CHAIN ANALYSIS 60
FIGURE 28 VALUE CHAIN: TELECOM POWER SYSTEM MARKET 60
 
5.7 PATENT ANALYSIS 62
TABLE 6 NOTABLE PATENTS PERTAINING TO TELECOM POWER SYSTEM MARKET 62
TABLE 7 NUMBER OF PATENTS REGISTERED RELATED TO TELECOM POWER SYSTEM MARKET IN LAST 10 YEARS 66
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS IN LAST 10 YEARS 67
FIGURE 30 NO. OF PATENTS GRANTED PER YEAR, 2012–2021 67
5.8 REGULATORY LANDSCAPE 68
5.8.1 NORTH AMERICA 68
5.8.2 EUROPE 68
5.8.3 APAC 69
5.8.4 GLOBAL 69
5.9 TRADE DATA 69
5.9.1 IMPORT DATA 70
TABLE 8 IMPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.9.2 EXPORT DATA 70
TABLE 9 EXPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.10 CASE STUDY ANALYSIS 71
5.10.1 POWERING OF LARGE TELECOM AND SEASONAL AIR CONDITIONING 71
5.10.2 ADVANCED REMOTE TELECOM SITE AUTOMATION 71
5.10.3 OFF-GRID LTE WIRELESS NETWORKS 72
5.10.4 HYBRID OFF-GRID TELECOM SITES 72
5.10.5 HD-PLC FOR A FASTER, CHEAPER SMART METERING 73
5.11 KEY CONFERENCES & EVENTS DURING 2022–2023 73
TABLE 10 TELECOM POWER SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS 73
5.12 PORTER’S FIVE FORCE ANALYSIS 77
TABLE 11 IMPACT OF PORTER’S FIVE FORCES ON TELECOM POWER SYSTEM MARKET 77
FIGURE 31 TELECOM POWER SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.12.1 INTENSITY OF COMPETITIVE RIVALRY 78
5.12.2 THREAT OF SUBSTITUTES 78
5.12.3 BARGAINING POWER OF BUYERS 78
5.12.4 BARGAINING POWER OF SUPPLIERS 78
5.12.5 THREAT OF NEW ENTRANTS 78
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 79
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES 79
TABLE 12 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES (%) 79
5.13.2 BUYING CRITERIA 80
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
TABLE 13 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
5.14 AVERAGE SELLING PRICE (ASP) ANALYSIS 81
FIGURE 34 GLOBAL ASP OF TELECOM POEWR SYSTEMS, 2021 81
6 TELECOM POWER SYSTEM MARKET, BY COMPONENT 82
6.1 INTRODUCTION 83
FIGURE 35 INVERTERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 83
TABLE 14 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2018–2021 (USD MILLION) 83
TABLE 15 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2022–2027 (USD MILLION) 84
6.2 RECTIFIERS 84
6.2.1 RECTIFIERS CONVERT ALTERNATING CURRENT TO DIRECT CURRENT AND PROVIDE POWER TO CHARGE BATTERIES 84
6.3 INVERTERS 85
6.3.1 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 85
6.4 CONVERTERS 85
6.4.1 MAJOR FUNCTION OF CONVERTERS IS TO CONVERT UNREGULATED VOLTAGE INTO REGULATED VOLTAGE 85
6.5 CONTROLLERS 86
6.5.1 CONTROLLERS PROVIDE INTELLIGENT CONTROL AND MONITOR OPERATIONAL PARAMETERS OF TEMECOM POEWR SYSTEMS 86
6.6 HEAT MANAGEMENT SYSTEMS 86
6.6.1 HEAT MANAGEMENT SYSTEMS OFFER INCLUDE HEAT EXCHANGE, DIRECT VENTILATION, THERMOELECTRIC COOLING, AND DC-POWERED AIR CONDITIONING 86
6.7 GENERATORS 87
6.7.1 GENERATORS PROVIDE RELIABILITY AND LONG HOURS OF USE IN REMOTE LOCATIONS WITHOUT COMPROMISING PERFORMANCE 87
6.8 OTHERS 87
6.8.1 POWER DISTRIBUTION UNITS 87
6.8.2 BATTERIES 88
6.8.3 SOLAR OR PV CELLS 88
6.8.4 WIND TURBINES 88
6.8.5 SURGE PROTECTION DEVICES 89
6.8.6 CIRCUIT BREAKERS 89
7 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 91
7.1 INTRODUCTION 92
FIGURE 36 TELECOM POWER SYSTEM FOR OFF-GRID TYPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 16 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2018–2021 (USD MILLION) 92
TABLE 17 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2022–2027 (USD MILLION) 92
 
7.2 ON-GRID 93
7.2.1 ON-GRID-CONNECTED TELECOM POWER SYSTEMS HAVE LOWER ENVIRONMENTAL IMPACT 93
TABLE 18 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2018–2021 (USD MILLION) 93
TABLE 19 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2022–2027 (USD MILLION) 93
7.3 OFF-GRID 94
7.3.1 OFF-GRID-CONNECTED TELECOM POWER SYSTEMS ARE EXPECTED TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 94
TABLE 20 TELECOM POWER SYSTEM MARKET FOR OFF-GRID, BY REGION,
2018–2021 (USD MILLION) 94
TABLE 21 TELECOM POWER SYSTEM MARKET FOR OFF-GRID BY REGION,
2022–2027 (USD MILLION) 95
7.4 BAD GRID 95
7.4.1 BAD GRID-CONNECTED TELECOM POWER SYSTEMS ARE MAINLY USED IN DEVELOPING ECONOMIES SUCH AS INDIA, BRAZIL, AND AFRICAN COUNTRIES 95
TABLE 22 TELECOM POWER SYSTEM MARKET FOR BAD GRID, BY REGION,
2018–2021 (USD MILLION) 96
TABLE 23 TELECOM POWER SYSTEM MARKET FOR BAD GRID BY REGION,
2022–2027 (USD MILLION) 96
8 TELECOM POWER SYSTEM MARKET, BY POWER RATING 97
8.1 INTRODUCTION 98
FIGURE 37 TELECOM POWER SYSTEMS WITH BELOW 10 KW POWER RATING TO DOMINATE MARKET DURING FORECAST PERIOD 98
TABLE 24 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (USD MILLION) 98
TABLE 25 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (USD MILLION) 99
TABLE 26 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (THOUSAND UNITS) 99
TABLE 27 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (THOUSAND UNITS) 99
8.2 BELOW 10 KW 100
8.2.1 TELECOM POWER SYSTEMS BELOW 10 KW ARE MAINLY USED IN CELL TOWERS, BTS, AND BASE STATIONS FOR TELECOM TOWERS 100
8.3 10–20 KW 100
8.3.1 POWER SYSTEMS OF 10–20 KW RATING ARE PRIMARILY USED IN
5G TOWERS AND RECTIFIER MODULES 100
8.4 ABOVE 20 KW 100
8.4.1 POWER SYSTEMS ABOVE 20 KW ARE MAINLY USED IN ACCESS NETWORKS, DATA CENTERS, AND INDOOR POWER SYSTEMS 100
 
9 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 101
9.1 INTRODUCTION 102
FIGURE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL-SOLAR POWER SOURCE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 102
TABLE 28 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2018–2021 (USD MILLION) 102
TABLE 29 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2022–2027 (USD MILLION) 103
9.2 DIESEL–BATTERY POWER SOURCE 103
9.2.1 DIESEL–BATTERY POWER SOURCE IS MOST COMMON POWER SOURCE USED FOR TELECOM POWER SYSTEMS 103
TABLE 30 ADVANTAGES OF DIESEL–BATTERY POWER SOURCE 103
TABLE 31 DISADVANTAGES OF DIESEL–BATTERY POWER SOURCE 104
TABLE 32 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 33 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE BY REGION, 2022–2027 (USD MILLION) 105
TABLE 34 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 105
TABLE 35 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 105
TABLE 36 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 37 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 106
TABLE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 39 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 107
TABLE 40 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 107
TABLE 41 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 107
9.3 DIESEL–SOLAR POWER SOURCE 108
9.3.1 DIESEL–SOLAR POWER SOURCE IS DESIGNED TO USE IN MORE REMOTE CELLULAR BASE STATIONS 108
TABLE 42 ADVANTAGES OF DIESEL–SOLAR POWER SOURCE 108
TABLE 43 DISADVANTAGES OF DIESEL–SOLAR POWER SOURCE 109
TABLE 44 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 109
TABLE 45 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 110
TABLE 46 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 110
TABLE 47 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 110
TABLE 48 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 49 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 111
TABLE 50 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 51 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 112
TABLE 52 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 112
TABLE 53 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 112
9.4 DIESEL–WIND POWER SOURCE 113
9.4.1 DIESEL–WIND POWER SYSTEMS ARE WELL SUITED IN BAD-GRID AND OFF-GRID AREAS 113
TABLE 54 ADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 55 DISADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 56 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 114
TABLE 57 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 114
TABLE 58 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 114
TABLE 59 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 60 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 115
TABLE 61 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 62 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 116
TABLE 63 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 116
TABLE 64 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 116
TABLE 65 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 117
9.5 MULTIPLE POWER SOURCES (DIESEL/SOLAR/WIND/BATTERY/BIOMASS) 117
9.5.1 MULTIPLE POWER SOURCES ENABLE COST-EFFECTIVE WAY OF GENERATING ELECTRICITY 117
TABLE 66 ADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 67 DISADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 68 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2018–2021 (USD MILLION) 118
TABLE 69 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2022–2027 (USD MILLION) 119
TABLE 70 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 71 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 72 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 73 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 120
TABLE 74 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 75 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 121
TABLE 76 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2018–2021 (USD MILLION) 121
TABLE 77 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2022–2027 (USD MILLION) 121
10 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY 122
10.1 INTRODUCTION 123
FIGURE 39 DC POWER SYSTEMS TO HOLD LARGER SHARE OF TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 123
TABLE 78 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION) 123
TABLE 79 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION) 123
10.2 AC POWER SYSTEMS 124
10.2.1 AC POWER SYSTEMS ARE MAINLY USED FOR TESTING RF AMPLIFIERS, SATELLITES, AND DATA CENTERS 124
10.3 DC POWER SYSTEMS 124
10.3.1 DC POWER SYSTEMS ARE MAINLY USED IN TELECOM POWER SYSTEMS 124
11 GEOGRAPHIC ANALYSIS 125
11.1 INTRODUCTION 126
FIGURE 40 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 80 TELECOM POWER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION) 126
TABLE 81 TELECOM POWER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION) 127
11.2 NORTH AMERICA 127
FIGURE 41 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN NORTH AMERICA 128
TABLE 82 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 128
TABLE 83 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 129
TABLE 84 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 129
TABLE 85 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 129
 
11.2.1 US 129
11.2.1.1 US held largest size of North American market in 2021 129
TABLE 86 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2018–2021 (USD MILLION) 130
TABLE 87 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2022–2027 (USD MILLION) 130
11.2.2 CANADA 131
11.2.2.1 Demand for telecom power systems in Canada is primarily driven by development of telecom infrastructure in rural areas 131
TABLE 88 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2018–2021 (USD MILLION) 131
TABLE 89 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2022–2027 (USD MILLION) 131
11.2.3 MEXICO 132
11.2.3.1 Mexico is estimated to be fastest-growing market in North America during forecast period 132
TABLE 90 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2018–2021 (USD MILLION) 132
TABLE 91 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2022–2027 (USD MILLION) 132
11.3 EUROPE 133
FIGURE 42 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN EUROPE 134
TABLE 92 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION) 134
TABLE 93 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 135
TABLE 94 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2018–2021 (USD MILLION) 135
TABLE 95 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2022–2027 (USD MILLION) 135
11.3.1 UK 136
11.3.1.1 UK is expected to be fastest-growing market in Europe during forecast period 136
TABLE 96 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2018–2021 (USD MILLION) 136
TABLE 97 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2022–2027 (USD MILLION) 136
11.3.2 GERMANY 137
11.3.2.1 Germany held largest share of telecom power system market in Europe in 2021 137
TABLE 98 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2018–2021 (USD MILLION) 137
TABLE 99 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2022–2027 (USD MILLION) 137
 
11.3.3 FRANCE 138
11.3.3.1 Expected introduction of upcoming 5G technology provides significant investment opportunities for leading telecom power system providers in France 138
TABLE 100 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2018–2021 (USD MILLION) 138
TABLE 101 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2022–2027 (USD MILLION) 138
11.3.4 SPAIN 139
11.3.4.1 Spain has developed telecommunication services with various new technologies and innovation trends 139
TABLE 102 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2018–2021 (USD MILLION) 139
TABLE 103 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2022–2027 (USD MILLION) 139
11.3.5 REST OF EUROPE 140
TABLE 104 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2018–2021 (USD MILLION) 140
TABLE 105 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2022–2027 (USD MILLION) 140
11.4 APAC 140
FIGURE 43 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN APAC 141
TABLE 106 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION) 142
TABLE 107 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION) 142
TABLE 108 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2018–2021 (USD MILLION) 142
TABLE 109 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2022–2027 (USD MILLION) 143
11.4.1 CHINA 143
11.4.1.1 China held largest share of telecom power system market in APAC
in 2021 143
TABLE 110 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2018–2021 (USD MILLION) 144
TABLE 111 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2022–2027 (USD MILLION) 144
11.4.2 JAPAN 144
11.4.2.1 Development and deployment of advanced telecom network infrastructures present opportunities for telecom power system providers in Japan 144
TABLE 112 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2018–2021 (USD MILLION) 145
TABLE 113 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2022–2027 (USD MILLION) 145
 
11.4.3 SOUTH KOREA 145
11.4.3.1 South Korea is among leaders in terms of development of telecom networks 145
TABLE 114 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2018–2021 (USD MILLION) 146
TABLE 115 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2022–2027 (USD MILLION) 146
11.4.4 INDIA 146
11.4.4.1 India is expected to be fastest-growing market during forecast period 146
TABLE 116 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2018–2021 (USD MILLION) 147
TABLE 117 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2022–2027 (USD MILLION) 147
11.4.5 AUSTRALIA & NEW ZEALAND 148
11.4.5.1 Technological advancements and telecom infrastructure developments propel growth of telecom power system market 148
TABLE 118 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2018–2021 (USD MILLION) 148
TABLE 119 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2022–2027 (USD MILLION) 148
11.4.6 REST OF APAC 149
TABLE 120 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2018–2021 (USD MILLION) 149
TABLE 121 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2022–2027 (USD MILLION) 149
11.5 ROW 150
TABLE 122 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION) 150
TABLE 123 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION) 150
TABLE 124 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2018–2021 (USD MILLION) 150
TABLE 125 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2022–2027 (USD MILLION) 151
11.5.1 MIDDLE EAST AND AFRICA 151
11.5.1.1 Middle East and Africa are expected to witness higher growth of market in RoW during forecast period 151
TABLE 126 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2018–2021 (USD MILLION) 152
TABLE 127 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2022–2027 (USD MILLION) 152
11.5.2 SOUTH AMERICA 152
11.5.2.1 Deployment of telecom infrastructures in rural areas propels growth of market in South America 152
TABLE 128 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 153
TABLE 129 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 153
12 COMPETITIVE LANDSCAPE 154
12.1 OVERVIEW 154
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 154
TABLE 130 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS 154
12.2.1 PRODUCT PORTFOLIO 156
12.2.2 REGIONAL FOCUS 156
12.2.3 MANUFACTURING FOOTPRINT 156
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 156
12.3 MARKET SHARE ANALYSIS: TELECOM POWER SYSTEM MARKET, 2021 157
TABLE 131 TELECOM POWER SYSTEM MARKET: DEGREE OF COMPETITION, 2021 157
12.4 5-YEAR COMPANY REVENUE ANALYSIS 158
FIGURE 44 5-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN TELECOM POWER SYSTEM MARKET 158
12.5 COMPANY EVALUATION QUADRANT 158
12.5.1 STAR 158
12.5.2 EMERGING LEADER 158
12.5.3 PERVASIVE 159
12.5.4 PARTICIPANT 159
FIGURE 45 TELECOM POWER SYSTEM COMPANY EVALUATION QUADRANT, 2021 159
12.5.5 COMPANY FOOTPRINT 160
TABLE 132 OVERALL COMPANY FOOTPRINT 160
TABLE 133 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS POWER SOURCES 161
TABLE 134 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS COMPONENTS 162
TABLE 135 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS REGIONS 163
12.6 START-UP/SME EVALUATION MATRIX 164
TABLE 136 LIST OF START-UPS IN TELECOM POWER SYSTEM MARKET 164
12.6.1 PROGRESSIVE COMPANIES 165
12.6.2 RESPONSIVE COMPANIES 165
12.6.3 DYNAMIC COMPANIES 165
12.6.4 STARTING BLOCKS 165
FIGURE 46 TELECOM POWER SYSTEM MARKET, STARTUP/SME EVALUATION MATRIX, 2021 166
12.7 COMPETITIVE SITUATIONS AND TRENDS 167
12.7.1 PRODUCT LAUNCHES 167
TABLE 137 PRODUCT LAUNCHES, 2020–2022 167
12.7.2 DEALS 173
TABLE 138 DEALS, 2020–2022 173
 
13 COMPANY PROFILES 175
13.1 INTRODUCTION 175
(Business overview, Products/solutions/services offered, Recent developments & MnM View)*
13.2 KEY PLAYERS 175
13.2.1 EATON 175
TABLE 139 EATON: COMPANY SNAPSHOT 176
FIGURE 47 EATON: COMPANY SNAPSHOT 176
13.2.2 HUAWEI TECHNOLOGIES 182
TABLE 140 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 182
FIGURE 48 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 183
13.2.3 CUMMINS 188
TABLE 141 CUMMINS: COMPANY SNAPSHOT 188
FIGURE 49 CUMMINS: COMPANY SNAPSHOT 189
13.2.4 ZTE CORPORATION 192
TABLE 142 ZTE CORPORATION: COMPANY SNAPSHOT 192
FIGURE 50 ZTE CORPORATION: COMPANY SNAPSHOT 193
13.2.5 GENERAL ELECTRIC 197
TABLE 143 GENERAL ELECTRIC: COMPANY SNAPSHOT 197
FIGURE 51 GENERAL ELECTRIC: COMPANY SNAPSHOT 198
13.2.6 SCHNEIDER ELECTRIC 201
TABLE 144 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 201
FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 202
13.2.7 ALPHA TECHNOLOGIES 205
TABLE 145 ALPHA TECHNOLOGIES: COMPANY SNAPSHOT 205
13.2.8 DELTA ELECTRONICS 207
TABLE 146 DELTA ELECTRONICS: COMPANY SNAPSHOT 207
FIGURE 53 DELTA ELECTRONICS: COMPANY SNAPSHOT 208
13.2.9 ABB 210
TABLE 147 ABB: COMPANY SNAPSHOT 210
FIGURE 54 ABB: COMPANY SNAPSHOT 211
*Details on Business overview, Products/solutions/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.3 OTHER PLAYERS 214
13.3.1 ASCOT INDUSTRIAL 214
TABLE 148 ASCOT INDUSTRIAL: COMPANY SNAPSHOT 214
13.3.2 UNIPOWER 215
TABLE 149 UNIPOWER: COMPANY SNAPSHOT 215
13.3.3 DYNAMIC POWER GROUP 216
TABLE 150 DYNAMIC POWER GROUP: COMPANY SNAPSHOT 216
13.3.4 EFORE 217
TABLE 151 EFORE: COMPANY SNAPSHOT 217
13.3.5 HANGZHOU ZHONGHENG POWER ENERGY 217
TABLE 152 HANGZHOU ZHONHENG POWER ENERGY: COMPANY SNAPSHOT 217
13.3.6 MYERS POWER PRODUCTS 218
TABLE 153 MYERS POWER PRODUCTS: COMPANY SNAPSHOT 218
13.3.7 STATICON 219
TABLE 154 STATICON: COMPANY SNAPSHOT 219
13.3.8 VERTIV GROUP 220
TABLE 155 VERTIV GROUP: COMPANY SNAPSHOT 220
13.3.9 VOLTSERVER 221
TABLE 156 VOLTSERVER: COMPANY SNAPSHOT 221
13.3.10 JMA WIRELESS 221
TABLE 157 JMA WIRELESS: COMPANY SNAPSHOT 221
13.3.11 CORNING INCORPORATED 222
TABLE 158 CORNING INCORPORATED: COMPANY SNAPSHOT 222
14 APPENDIX 223
14.1 DISCUSSION GUIDE 223
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 226
14.3 AVAILABLE CUSTOMIZATION 228
14.4 RELATED REPORTS 228
14.5 AUTHOR DETAILS 229

Smart Lock Market with COVID-19 Impact by Lock Type (Deadbolt Locks, Lever Handles), Communication Protocol (Bluetooth, WiFi), Unlocking Mechanism (Ke...

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# of Pages:        184

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Publication Date:  March, 2022

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1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION AND SCOPE 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED 26
1.3.2 GEOGRAPHIC SCOPE 27
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY 27
1.5 MARKET STAKEHOLDERS 28
1.6 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 1 SMART LOCK MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of major secondary sources 30
2.1.1.2 Secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Primary Expert Interviews 31
2.1.2.2 Key data from primary sources 32
2.1.2.3 Key industry insights 32
2.1.2.4 Breakdown of primaries 33
2.1.3 SECONDARY AND PRIMARY RESEARCH 34
2.2 MARKET SIZE ESTIMATION 35
FIGURE 2 PROCESS FLOW 35
2.2.1 BOTTOM-UP APPROACH 35
2.2.1.1 Approach for calculating market share through bottom-up analysis (demand side) 35
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Approach for calculating market share through top-down analysis (supply side) 37
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 37
2.3 MARKET RANKING ESTIMATION 37
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 38
2.5 RESEARCH ASSUMPTIONS 39
3 EXECUTIVE SUMMARY 40
FIGURE 6 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 41
FIGURE 7 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 41
FIGURE 8 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 42
FIGURE 9 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 42
FIGURE 10 SMART LOCK MARKET IN APAC TO REGISTER HIGHEST CAGR BETWEEN
2022 AND 2027 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES IN SMART LOCK MARKET 44
FIGURE 11 RISING DEMAND FOR INTERNET-BASED SECURITY SOLUTIONS TO DRIVE GROWTH OF SMART LOCK MARKET 44
4.2 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 44
FIGURE 12 US AND RESIDENTIAL VERTICAL TO DOMINATE NORTH AMERICAN SMART LOCK MARKET DURING FORECAST PERIOD 44
4.3 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE 45
FIGURE 13 SMART LOCK MARKET FOR DEADBOLT LOCKS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 45
4.4 SMART LOCK MARKET, BY COUNTRY 45
FIGURE 14 CHINA TO ACCOUNT FOR HIGHEST GROWTH RATE IN GLOBAL SMART LOCK MARKET IN 2022 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 15 SMART LOCK MARKET DYNAMICS 46
FIGURE 16 DRIVERS AND THEIR IMPACT ON SMART LOCK MARKET 47
FIGURE 17 OPPORTUNITIES AND THEIR IMPACT ON SMART LOCK MARKET 48
FIGURE 18 RESTRAINTS & CHALLENGES AND THEIR IMPACT ON SMART LOCK MARKET 49
5.2.1 DRIVERS 49
5.2.1.1 Growing security concerns 49
5.2.1.2 Enhanced features compared with traditional lock systems 50
5.2.1.3 Rising adoption of smartphones and other connected devices 50
5.2.2 RESTRAINTS 50
5.2.2.1 High cost and perception of unreliability 50
5.2.2.2 Lack of awareness among customers 51
5.2.3 OPPORTUNITIES 51
5.2.3.1 Increasing adoption of IoT-based security systems 51
5.2.3.2 Rapid urbanization in emerging nations 51
5.2.3.3 Global proliferation of smart cities 52
5.2.4 CHALLENGES 52
5.2.4.1 Risk of cyberattacks through smart devices and IoT-enabled devices 52
5.3 VALUE CHAIN ANALYSIS 52
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY RAW MATERIAL SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS 53
5.4 SMART LOCK MARKET ECOSYSTEM 54
FIGURE 20 SMART LOCK MARKET ECOSYSTEM 54
6 SMART LOCK MARKET, BY LOCK TYPE 55
6.1 INTRODUCTION 56
FIGURE 21 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 56
TABLE 1 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (USD MILLION) 56
TABLE 2 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (USD MILLION) 57
TABLE 3 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (MILLION UNITS) 57
TABLE 4 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (MILLION UNITS) 58
6.2 DEADBOLT LOCKS 58
6.2.1 INCREASING DEPLOYMENT OF DEADBOLT LOCKS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 58
FIGURE 22 RESIDENTIAL VERTICAL TO HOLD LARGEST SHARE OF SMART LOCK MARKET FOR DEADBOLTS DURING FORECAST PERIOD 59
TABLE 5 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 59
TABLE 6 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 59
6.3 LEVER HANDLES 60
6.3.1 CONVENIENT STRUCTURE AND THEIR COMPLIANCE WITH US DISABILITIES ACT 1990 TO FUEL DEMAND FOR LEVER HANDLES 60
TABLE 7 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2018–2021 (USD MILLION) 60
TABLE 8 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2022–2027 (USD MILLION) 60
6.4 SERVER LOCKS AND LATCHES 61
6.4.1 RISING CONCERNS REGARDING CYBERATTACKS TO FUEL DEMAND FOR SERVER LOCKS AND LATCHES 61
TABLE 9 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2018–2021 (USD MILLION) 61
TABLE 10 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2022–2027 (USD MILLION) 61
6.5 KNOB LOCKS 62
6.5.1 GROWING USE OF KNOB LOCKS WITH DEADBOLTS ON EXTERIOR DOORS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 62
TABLE 11 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 62
TABLE 12 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 62
6.6 OTHERS 63
TABLE 13 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2018–2021 (USD MILLION) 63
TABLE 14 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2022–2027 (USD MILLION) 63
7 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL 64
7.1 INTRODUCTION 65
FIGURE 23 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 65
TABLE 15 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2018–2021 (USD MILLION) 65
TABLE 16 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2022–2027 (USD MILLION) 66
7.2 WI-FI 66
7.2.1 CONNECTIVITY BENEFITS OFFERED BY WI-FI TO DRIVE MARKET GROWTH 66
7.3 BLUETOOTH 67
7.3.1 WIDE RANGE, LOW POWER CONSUMPTION, AND HIGH RELIABILITY AND BANDWIDTH FEATURES TO FUEL MARKET GROWTH 67
7.4 Z-WAVE 67
7.4.1 GROWING POPULARITY OF RELIABILITY AND HIGH-SPEED FEATURES OF Z-WAVE TO DRIVE MARKET GROWTH 67
7.5 OTHERS 67
7.5.1 ZIGBEE 67
7.5.2 THREAD 67
7.5.3 NFC 67
8 SMART LOCK MARKET, BY UNLOCKING MECHANISM 68
8.1 INTRODUCTION 69
FIGURE 24 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 69
TABLE 17 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2018–2021 (USD MILLION) 69
TABLE 18 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2022–2027 (USD MILLION) 70
8.2 KEYPAD 70
8.2.1 INTEGRATION OF KEYPADS WITH ACCESS CONTROL SYSTEMS TO DRIVE MARKET GROWTH 70
8.3 CARD KEY 71
8.3.1 GROWING USE OF RADIO FREQUENCY IDENTIFICATION (RFID) MAGNETIC DOOR LOCKS IN COMMERCIAL OFFICE BUILDINGS TO DRIVE MARKET GROWTH 71
8.3.1.1 Low frequency 71
8.3.1.2 High frequency 71
8.3.1.3 Ultra-high frequency 71
 
8.4 TOUCH BASED 72
8.4.1 GROWING ADOPTION OF AUTOMATED FINGERPRINT IDENTIFICATION SYSTEMS (AFISS) TO FUEL DEMAND FOR FINGERPRINT RECOGNITION SOLUTIONS USED IN SMART LOCK MECHANISM 72
8.5 KEY FOBS 73
8.5.1 RISE IN REPLACEMENT OF OLD METAL KEY SYSTEMS WITH ELECTRONIC FOB SYSTEMS TO DRIVE MARKET GROWTH 73
8.6 SMARTPHONE BASED 73
8.6.1 GROWING ADOPTION OF SMART HOMES TO INCREASE DEMAND FOR SMARTPHONE-BASED DOOR LOCKING SYSTEMS 73
9 SMART LOCK MARKET, BY VERTICAL 74
9.1 INTRODUCTION 75
FIGURE 25 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 75
TABLE 19 SMART LOCK MARKET, BY VERTICAL, 2018–2021 (USD MILLION) 75
TABLE 20 SMART LOCK MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 76
9.2 COMMERCIAL 76
9.2.1 HOSPITALITY 76
9.2.1.1 Increasing adoption of smart locks in hotels, vacation rental properties, resorts, casinos, and cruise ships to boost market growth 76
9.2.2 RETAIL STORES AND MALLS 77
9.2.2.1 Retail stores and malls segment to witness healthy growth in smart lock market 77
9.2.3 HEALTHCARE 77
9.2.3.1 Growing use of smart locks in healthcare sector to ensure access only to authorized users to boost market growth 77
9.2.4 BANKS AND FINANCIAL CENTRES 77
9.2.4.1 Increasing trend of biometric and multifactor authentication in banking and financial institutions to drive market growth 77
9.2.5 ENTERPRISES AND DATA CENTRES 78
9.2.5.1 Rising demand for security smart cards and biometric access systems to prevent minor security risks in enterprises to drive market growth 78
TABLE 21 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2018–2021 (USD MILLION) 78
TABLE 22 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2022–2027 (USD MILLION) 78
TABLE 23 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 79
TABLE 24 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 79
TABLE 25 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 79
TABLE 26 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 27 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 80
TABLE 28 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 29 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 81
TABLE 30 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 81
TABLE 31 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2018–2021 (USD MILLION) 81
TABLE 32 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2022–2027 (USD MILLION) 82
TABLE 33 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 82
TABLE 34 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 82
9.3 RESIDENTIAL 83
9.3.1 CONDOMINIUM 83
9.3.1.1 Growing use of smart locks in condominiums or multi-family apartments to prevent invasion, unauthorized access, theft, and burglary to drive market growth 83
9.3.2 INDIVIDUAL HOUSES 83
9.3.2.1 Rising adoption of smart locks by individual house owners to ensure security and safety to drive market growth 83
FIGURE 26 CONDOMINIUM SEGMENT TO HOLD LARGER SHARE OF SMART LOCK MARKET FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 83
TABLE 35 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2018–2021 (USD MILLION) 84
TABLE 36 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2022–2027 (USD MILLION) 84
FIGURE 27 APAC TO REGISTER HIGHEST CAGR IN SMART LOCK FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 84
TABLE 37 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 85
TABLE 38 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 85
TABLE 39 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 85
TABLE 40 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 41 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 86
TABLE 42 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 43 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 87
TABLE 44 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 87
TABLE 45 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 87
TABLE 46 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 88
TABLE 47 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 88
TABLE 48 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 88
9.4 INSTITUTIONAL & GOVERNMENT 89
9.4.1 INCREASING DEMAND FOR SMART LOCKS IN GOVERNMENT VERTICAL TO RESTRICT UNAUTHORIZED ENTRIES TO DRIVE MARKET GROWTH 89
TABLE 49 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 89
TABLE 50 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 89
TABLE 51 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 52 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 90
TABLE 53 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 54 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 55 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 91
TABLE 56 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 57 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2018–2021 (USD MILLION) 92
TABLE 58 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2022–2027 (USD MILLION) 92
TABLE 59 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 92
TABLE 60 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 93
9.5 TRANSPORTATION & LOGISTICS 93
9.5.1 RISING ADOPTION OF BIOMETRICS-BASED ACCESS CONTROL USING SMART LOCKS BY AIRPORT OPERATORS TO DRIVE MARKET GROWTH 93
TABLE 61 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 93
TABLE 62 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 94
TABLE 63 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 94
TABLE 64 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 94
TABLE 65 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 66 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 95
TABLE 67 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 68 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 96
TABLE 69 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2018–2021 (USD MILLION) 96
TABLE 70 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2022–2027 (USD MILLION) 96
TABLE 71 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 97
TABLE 72 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 97
9.6 INDUSTRIAL 98
9.6.1 MANUFACTURING 98
9.6.1.1 Increased need for protecting people and properties across manufacturing sites to create growth opportunities for market players 98
9.6.2 OIL & GAS 98
9.6.2.1 Ability of smart locks to provide suitable and enhanced security to fuel their demand in oil & gas vertical 98
9.6.3 ENERGY & POWER 98
9.6.3.1 Rising demand for smart locks in energy and power vertical to prevent unauthorized access to drive market growth 98
TABLE 73 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2018–2021 (USD MILLION) 98
TABLE 74 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2022–2027 (USD MILLION) 99
TABLE 75 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 99
TABLE 76 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 99
TABLE 77 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 78 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 100
TABLE 79 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 80 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 81 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 101
TABLE 82 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 83 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 102
TABLE 84 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 102
TABLE 85 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 102
TABLE 86 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 103
10 SMART LOCK MARKET, BY REGION 104
10.1 INTRODUCTION 105
FIGURE 28 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 105
TABLE 87 SMART LOCK MARKET, BY REGION, 2018–2021 (USD MILLION) 105
TABLE 88 SMART LOCK MARKET, BY REGION, 2022–2027 (USD MILLION) 106
10.2 NORTH AMERICA 106
FIGURE 29 NORTH AMERICA MARKET SNAPSHOT 107
TABLE 89 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION) 107
TABLE 90 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION) 108
TABLE 91 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 108
TABLE 92 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 108
TABLE 93 SMART LOCK MARKET IN US, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 94 SMART LOCK MARKET IN US, BY VERTICAL, 2022–2027 (USD MILLION) 109
TABLE 95 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 96 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2022–2027 (USD MILLION) 110
TABLE 97 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2018–2021 (USD MILLION) 110
TABLE 98 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2022–2027 (USD MILLION) 110
10.2.1 US 111
10.2.1.1 US to hold largest share of North American smart lock market 111
10.2.2 CANADA 111
10.2.2.1 Growing awareness regarding internet-based safety and security to drive growth of smart lock market in Canada 111
10.2.3 MEXICO 111
10.2.3.1 Mexico to be lucrative market for smart locks 111
10.3 EUROPE 111
FIGURE 30 EUROPE MARKET SNAPSHOT 112
TABLE 99 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 112
TABLE 100 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 113
TABLE 101 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2018–2021 (USD MILLION) 113
TABLE 102 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2022–2027 (USD MILLION) 113
TABLE 103 SMART LOCK MARKET IN UK, BY VERTICAL, 2018–2021 (USD MILLION) 114
TABLE 104 SMART LOCK MARKET IN UK, BY VERTICAL, 2022–2027 (USD MILLION) 114
TABLE 105 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2018–2021 (USD MILLION) 114
TABLE 106 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2022–2027 (USD MILLION) 115
TABLE 107 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2018–2021 (USD MILLION) 115
TABLE 108 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2022–2027 (USD MILLION) 115
TABLE 109 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2018–2021 (USD MILLION) 116
TABLE 110 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2022–2027 (USD MILLION) 116
10.3.1 UK 116
10.3.1.1 Decline in cost of mobile broadband connection and increasing adoption of cloud infrastructure to boost demand for smart locks in UK 116
10.3.2 GERMANY 117
10.3.2.1 Growing adoption of internet-based security systems in various applications to drive market growth in Germany 117
10.3.3 FRANCE 117
10.3.3.1 Growing awareness regarding internet-based home security solutions and rising adoption of wireless portable consumer electronics to drive market growth in France 117
10.3.4 REST OF EUROPE 117
10.4 APAC 117
FIGURE 31 APAC MARKET SNAPSHOT 118
FIGURE 32 CHINA TO HOLD LARGEST SHARE OF APAC SMART LOCK MARKET DURING FORECAST PERIOD 119
TABLE 111 SMART LOCK MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 112 SMART LOCK MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 113 SMART LOCK MARKET IN APAC, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 114 SMART LOCK MARKET IN APAC, BY VERTICAL, 2022–2027 (USD MILLION) 120
TABLE 115 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 116 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 117 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2018–2021 (USD MILLION) 121
TABLE 118 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 119 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2018–2021 (USD MILLION) 122
TABLE 120 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2022–2027 (USD MILLION) 122
TABLE 121 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2018–2021 (USD MILLION) 122
TABLE 122 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2022–2027 (USD MILLION) 123
TABLE 123 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2018–2021 (USD MILLION) 123
TABLE 124 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2022–2027 (USD MILLION) 123
10.4.1 CHINA 124
10.4.1.1 Increasing industrialization to fuel demand for smart lock systems in China 124
10.4.2 JAPAN 124
10.4.2.1 Rapid industrialization and modernization to create lucrative opportunities for market players in Japan 124
10.4.3 SOUTH KOREA 124
10.4.3.1 Rising demand for remotely managed and connected security devices to drive market growth in South Korea 124
10.4.4 INDIA 125
10.4.4.1 Rise in terrorist activities, crime rate, and data and security breaches to fuel demand for security and safety systems 125
10.4.5 REST OF APAC 125
10.5 ROW 125
TABLE 125 SMART LOCK MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION) 125
TABLE 126 SMART LOCK MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION) 126
TABLE 127 SMART LOCK MARKET IN ROW, BY VERTICAL, 2018–2021 (USD MILLION) 126
TABLE 128 SMART LOCK MARKET IN ROW, BY VERTICAL, 2022–2027 (USD MILLION) 126
TABLE 129 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 130 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2022–2027 (USD MILLION) 127
TABLE 131 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 132 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 128
10.5.1 MIDDLE EAST & AFRICA 128
10.5.1.1 Rising urbanization and increased adoption of IoT-based solutions to boost market growth 128
10.5.2 SOUTH AMERICA 128
10.5.2.1 Growing industrialization to create lucrative opportunities for players in South American market 128
11 COMPETITIVE LANDSCAPE 129
11.1 OVERVIEW 129
11.2 MARKET EVALUATION FRAMEWORK 129
TABLE 133 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SMART LOCK PROVIDERS 129
11.2.1 PRODUCT PORTFOLIO 130
11.2.2 REGIONAL FOCUS 130
11.2.3 MANUFACTURING FOOTPRINT 130
11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 130
11.3 REVENUE ANALYSIS OF LEADING PLAYERS (2017–2021) 130
FIGURE 33 5-YEAR REVENUE ANALYSIS OF LEADING PLAYERS IN SMART LOCK MARKET 130
11.4 MARKET SHARE ANALYSIS: SMART LOCK MARKET, 2021 131
TABLE 134 DEGREE OF COMPETITION 131
11.5 COMPANY EVALUATION MATRIX 132
11.5.1 STAR 132
11.5.2 EMERGING LEADER 132
11.5.3 PERVASIVE 132
11.5.4 PARTICIPANT 132
FIGURE 34 COMPANY EVALUATION MATRIX, 2021 133
11.6 COMPETITIVE SITUATIONS AND TRENDS 134
11.6.1 PRODUCT LAUNCHES 134
TABLE 135 PRODUCT LAUNCHES, JANUARY 2020–NOVEMBER 2021 134
11.6.2 DEALS 135
TABLE 136 DEALS, JANUARY 2020–FEBRUARY 2022 135
12 COMPANY PROFILES 139
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION 139
12.2 KEY PLAYERS 139
12.2.1 ASSA ABLOY 139
TABLE 137 ASSA ABLOY: BUSINESS OVERVIEW 139
FIGURE 35 ASSA ABLOY: COMPANY SNAPSHOT 140
TABLE 138 ASSA ABLOY: PRODUCT/SOLUTION/SERVICE OFFERINGS 141
TABLE 139 ASSA ABLOY: DEALS 141
12.2.2 DORMAKABA 144
TABLE 140 DORMAKBA: BUSINESS OVERVIEW 144
FIGURE 36 DORMAKABA: COMPANY SNAPSHOT 145
TABLE 141 DORMAKABA: PRODUCT/SOLUTION/SERVICE OFFERINGS 145
TABLE 142 DORMAKABA: DEALS 146
TABLE 143 DORMAKABA: OTHERS 147
12.2.3 SPECTRUM BRANDS 148
TABLE 144 SPECTRUM BRANDS: BUSINESS OVERVIEW 148
FIGURE 37 SPECTRUM BRANDS: COMPANY SNAPSHOT 149
TABLE 145 SPECTRUM BRANDS: PRODUCT/SOLUTION/SERVICE OFFERINGS 149
TABLE 146 SPECTRUM BRANDS: PRODUCT LAUNCHES 150
12.2.4 SALTO SYSTEMS 152
TABLE 147 SALTO SYSTEMS: BUSINESS OVERVIEW 152
TABLE 148 SALTO SYSTEMS: PRODUCT/SOLUTION/SERVICE OFFERINGS 152
TABLE 149 SALTO SYSTEMS: PRODUCT LAUNCHES 153
TABLE 150 SALTO SYSTEMS: DEALS 153
TABLE 151 SALTO SYSTEMS: OTHERS 154
12.2.5 ALLEGION 155
TABLE 152 ALLEGION: BUSINESS OVERVIEW 155
FIGURE 38 ALLEGION: COMPANY SNAPSHOT 155
TABLE 153 ALLEGION: PRODUCT/SOLUTION/SERVICE OFFERINGS 156
TABLE 154 ALLEGION: PRODUCT LAUNCHES 156
TABLE 155 ALLEGION: DEALS 157
12.2.6 HONEYWELL 159
TABLE 156 HONEYWELL: BUSINESS OVERVIEW 159
FIGURE 39 HONEYWELL: COMPANY SNAPSHOT 160
TABLE 157 HONEYWELL: PRODUCT/SOLUTION/SERVICE OFFERINGS 160
12.2.7 DAHUA TECHNOLOGY 161
TABLE 158 DAHUA TECHNOLOGY: BUSINESS OVERVIEW 161
FIGURE 40 DAHUA TECHNOLOGY: COMPANY SNAPSHOT 162
TABLE 159 DAHUA TECHNOLOGY: PRODUCT/SOLUTION/SERVICE OFFERINGS 163
TABLE 160 DAHUA TECHNOLOGY: PRODUCT LAUNCHES 163
12.2.8 SAMSUNG 164
TABLE 161 SAMSUNG: BUSINESS OVERVIEW 164
FIGURE 41 SAMSUNG: COMPANY SNAPSHOT 165
TABLE 162 SAMSUNG: PRODUCT/SOLUTION/SERVICE OFFERINGS 165
TABLE 163 SAMSUNG: OTHERS 166
12.2.9 VIVINT 167
TABLE 164 VIVINT: BUSINESS OVERVIEW 167
FIGURE 42 VIVINT: COMPANY SNAPSHOT 167
TABLE 165 VIVINT: PRODUCT/SOLUTION/SERVICE OFFERINGS 168
TABLE 166 VIVINT: DEALS 168
12.2.10 ZKTECO 169
TABLE 167 ZKTECO: BUSINESS OVERVIEW 169
TABLE 168 ZKTECO: PRODUCT/SOLUTION/SERVICE OFFERINGS 169
TABLE 169 ZKTECO: DEALS 170
12.3 OTHER KEY PLAYERS 171
12.3.1 IGLOOCOMPANY 171
12.3.2 REMOTELOCK 172
12.3.3 ONITY 172
12.3.4 MASTER LOCK 173
12.3.5 MIWA LOCK 174
12.3.6 SENTRILOCK 175
12.3.7 AVENT SECURITY 175
12.3.8 HAVENLOCK 177
12.3.9 SHENZHEN VIANS ELECTRONIC LOCK 178
12.3.10 ANVIZ GLOBAL 178
12.3.11 CANDY HOUSE 179
12.3.12 AMADAS 179
12.3.13 KEYWE 180
12.3.14 GATE LABS 180
12.3.15 DESSMANN SCHLIESSANLAGEN 181
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
 
13 APPENDIX 182
13.1 DISCUSSION GUIDE 182
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 185
13.3 AVAILABLE CUSTOMIZATIONS 187
13.4 RELATED REPORTS 187
13.5 AUTHOR DETAILS 188