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Augmented Reality and Virtual Reality Market with COVID-19 Impact Analysis by Offering (Hardware & Software), Device Type (HMD, HUD, Gesture Tracking)...

by Offering (Hardware & Software), Device Type (HMD, HUD, Gesture Tracking), Application (Enterprise, Consumer, Commercial, Healthcare), and Geography

Publisher:        MarketsandMarkets

# of Pages:        330

Rating: 

1 User License $4,950

Publication Date:  November, 2020

Price:       $4,950 / User License




1              INTRODUCTION                41

1.1          STUDY OBJECTIVES          41

1.2          MARKET DEFINITION AND SCOPE             41

1.3          INCLUSIONS AND EXCLUSIONS  42

1.4          STUDY SCOPE    43

1.4.1      MARKETS COVERED        43

FIGURE 1             MARKET SEGMENTATION            43

FIGURE 2             MARKET SEGMENTATION            44

1.4.2      YEARS CONSIDERED        44

1.5          CURRENCY          45

1.6          PACKAGE SIZE   45

1.7          STAKEHOLDERS 45

1.8          SUMMARY OF CHANGES DONE 45

2              RESEARCH METHODOLOGY         46

2.1          RESEARCH DATA               46

FIGURE 3             AR AND VR MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION        46

FIGURE 4             AR MARKET: RESEARCH DESIGN                47

FIGURE 5             VR MARKET: RESEARCH DESIGN                48

2.1.1      SECONDARY DATA           48

2.1.1.1   Key data from secondary sources             49

2.1.2      PRIMARY DATA 49

2.1.2.1   Breakdown of primaries               50

2.1.2.2   Key industry insights      51

2.2          MARKET SIZE ESTIMATION          51

FIGURE 6             AR & VR MARKET: RESEARCH METHODOLOGY    52

FIGURE 7             MARKET SIZE ESTIMATION METHODOLOGY         52

2.2.1      BOTTOM-UP APPROACH              53

2.2.1.1   Approach for capturing market share by bottom-up analysis

(demand side)  53

FIGURE 8             AR & VR MARKET: BOTTOM-UP APPROACH         54

FIGURE 9             MARKET SIZE CALCULATION BY BOTTOM-UP APPROACH              54

2.2.2      TOP-DOWN APPROACH                55

2.2.2.1   Approach for capturing market share by top-down analysis

(supply side)      55

FIGURE 10           AR & VR MARKET: TOP-DOWN APPROACH           56

FIGURE 11           MARKET SIZE CALCULATION BY TOP-DOWN APPROACH                56

 

2.3          MARKET BREAKDOWN AND DATA TRIANGULATION        57

FIGURE 12           DATA TRIANGULATION 57

2.4          RESEARCH ASSUMPTIONS           58

FIGURE 13           ASSUMPTIONS OF THE RESEARCH STUDY              58

3              EXECUTIVE SUMMARY  59

FIGURE 14           AUGMENTED REALITY MARKET, 2016–2025 (USD MILLION)          60

FIGURE 15           VIRTUAL REALITY MARKET, 2016–2025 (USD MILLION)    61

FIGURE 16           HEAD-MOUNTED DISPLAYS TO HOLD LARGEST SHARE OF VIRTUAL REALITY MARKET IN 2020        61

FIGURE 17           CONSUMER APPLICATION TO LEAD VIRTUAL REALITY MARKET FROM

2020 TO 2025      62

FIGURE 18           NORTH AMERICA TO LEAD THE AUGMENTED REALITY MARKET IN 2020   63

3.1          COVID-19 IMPACT ON AUGMENTED REALITY AND VIRTUAL REALITY MARKET      64

FIGURE 19           COVID-19 IMPACT ON AUGMENTED REALITY MARKET    64

FIGURE 20           COVID-19 IMPACT ON VIRTUAL REALITY MARKET             64

3.1.1      REALISTIC SCENARIO (POST-COVID-19)  65

3.1.2      OPTIMISTIC SCENARIO (POST-COVID-19)              65

3.1.3      PESSIMISTIC SCENARIO (POST-COVID-19)            65

4              PREMIUM INSIGHTS       66

4.1          ATTRACTIVE OPPORTUNITIES IN AUGMENTED REALITY MARKET               66

FIGURE 21           GROWING DEMAND FOR AR IN HEALTHCARE AND ENTERPRISE APPLICATIONS TO DRIVE MARKET GROWTH DURING FORECAST PERIOD         66

4.2          ATTRACTIVE MARKET OPPORTUNITIES IN VIRTUAL REALITY MARKET       66

FIGURE 22           GROWING USE IN CONSUMER APPLICATIONS OF VIRTUAL REALITY TO DRIVE MARKET GROWTH DURING FORECAST PERIOD           66

4.3          VIRTUAL REALITY MARKET IN APAC, BY APPLICATION AND COUNTRY      67

FIGURE 23           CONSUMER APPLICATION AND CHINA TO HOLD LARGEST SHARE OF VIRTUAL REALITY MARKET IN APAC BY 2025       67

4.4          VIRTUAL REALITY MARKET: DEVELOPED VS. DEVELOPING MARKETS,

2020 AND 2025 (USD MILLION)  67

FIGURE 24           US TO LEAD VR MARKET BY 2025               67

4.5          VIRTUAL REALITY MARKET, BY COUNTRY               68

FIGURE 25           VIRTUAL REALITY MARKET TO GROW AT HIGHEST CAGR IN CHINA DURING FORECAST PERIOD    68

4.6          AUGMENTED REALITY MARKET, BY REGION         68

FIGURE 26           MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD         68

5              MARKET OVERVIEW       69

5.1          INTRODUCTION                69

5.2          HISTORY AND EVOLUTION OF AR & VR TECHNOLOGY      69

FIGURE 27           EVOLUTION OF AR AND VR TECHNOLOGIES         69

5.3          MARKET DYNAMICS: AR MARKET             70

FIGURE 28           DEMAND FOR AR APPLICATIONS IN HEALTHCARE AND RETAIL SECTORS TO DRIVE MARKET GROWTH       70

5.3.1      DRIVERS               70

5.3.1.1   Increasing demand for AR devices and applications in healthcare              71

5.3.1.2   Growing demand for AR in retail and e-commerce sectors due to COVID-19         71

FIGURE 29           ADOPTION OF AR IN RETAIL BY ESTABLISHMENTS             72

5.3.1.3   Rising investments in AR market               73

5.3.2      RESTRAINTS       73

5.3.2.1   Security and privacy issues associated with AR   73

5.3.2.2   Health issues associated with excessive usage of AR       74

5.3.3      OPPORTUNITIES               74

5.3.3.1   Partnerships between telecom players and AR manufacturers to reduce latency to imperceptible levels               74

5.3.3.2   Rise in demand for AR in architecture     75

5.3.3.3   Opportunities in enterprise applications                75

5.3.3.4   High growth of travel & tourism industry               76

5.3.4      CHALLENGES      76

5.3.4.1   Display latency and limited field of view                76

5.3.4.2   Overcoming social challenges to increase adoption rate 77

5.3.4.3   Reconfiguration of applications for different platforms  77

5.4          MARKET DYNAMICS: VR MARKET             77

FIGURE 30           HIGH DEMAND FOR VR APPLICATIONS IN GAMING AND ENTERTAINMENT SECTORS TO DRIVE MARKET GROWTH             77

5.4.1      DRIVERS               78

5.4.1.1   Penetration of HMDs in gaming and entertainment sectors after COVID-19          78

5.4.1.2   High investments in VR market  78

5.4.1.3   Advancement of technologies and growing digitization  79

5.4.1.4   Availability of affordable VR devices        79

5.4.1.5   Growing adoption of HMDs in different industries            79

5.4.2      RESTRAINTS       80

5.4.2.1   Display latency and energy consumption affect overall performance of VR devices           80

5.4.2.2   Health concerns relating to low resolution and lack of movement             80

5.4.2.3   Trade restrictions between US and China             81

5.4.3      OPPORTUNITIES               81

5.4.3.1   Penetration of HMDs in healthcare and architectural applications              81

5.4.3.2   Use of VR in aerospace & defense for training and simulation     82

5.4.3.3   Increasing demand for VR HMDs in healthcare due to COVID-19                82

5.4.4      CHALLENGES      82

5.4.4.1   Developing user-friendly VR systems     82

5.4.4.2   Adverse impact of lockdowns due to COVID-19 on commercial trade       83

 

5.5          PRICING ANALYSIS          83

TABLE 1                HOURLY RATES OF DEVELOPERS IN DIFFERENT REGIONS                83

TABLE 2                AVERAGE PRICING FOR AR & VR HMD    84

TABLE 3                COMPARISON OF SDK PRICING 84

5.6          AR & VR MARKET: CASE STUDIES              84

5.6.1      L&T PARTNERED WITH INGAGE TECHNOLOGY TO TRAIN WORKERS           84

5.6.2      MOBIDEV CREATED AR APP TO INCREASE CUSTOMER ENGAGEMENT      84

5.6.3      RUFFLES COULD INCREASE SALES WITH AR GAME—AMIGO         85

5.7          REGULATORY LANDSCAPE           85

5.8          PATENT ANALYSIS           86

FIGURE 31           AR AND VR PATENT FILINGS       86

5.9          IMPACT OF COVID-19 ON AR & VR MARKET         86

6              INDUSTRY TRENDS          87

6.1          INTRODUCTION                87

6.2          SUPPLY CHAIN ANALYSIS              87

FIGURE 32           AR & VR SUPPLY CHAIN ANALYSIS (2019): MAJOR VALUE ADDED DURING RESEARCH & PRODUCT DEVELOPMENT AND MANUFACTURING STAGES               87

6.2.1      AR-VR ECOSYSTEM          88

FIGURE 33           ELEMENTS OF AR ECOSYSTEM    88

FIGURE 34           AR & VR SOFTWARE MARKET SUPPLY CHAIN ANALYSIS (2019): MAJOR VALUE ADDED THROUGH PRIMARY ACTIVITIES          89

6.3          INDUSTRY TRENDS          90

6.3.1      HIGH ADOPTION OF AR SMART GLASSES TO IMPROVE WORK EFFICIENCY             90

6.3.2      INCREASED DEMAND FOR AR FOR RUGGED DISPLAY APPLICATIONS        90

6.3.3      MICRODISPLAYS FOR VR               90

6.3.3.1   LOMID project  91

6.3.3.2   Kopin’s microdisplay for VR HMD              91

6.4          AR TECHNOLOGIES          91

6.4.1      MOBILE AUGMENTED REALITY (MAR)    91

6.4.2      MONITOR-BASED TECHNOLOGY               92

6.4.3      NEAR-EYE-BASED TECHNOLOGY                92

6.5          WEB AR                93

TABLE 4                USE CASE FOR WEB AR  93

7              AUGMENTED REALITY AND VIRTUAL REALITY MARKET, BY TECHNOLOGY               94

7.1          INTRODUCTION                95

7.2          AUGMENTED REALITY TECHNOLOGY       95

TABLE 5                COMPARISON BETWEEN MARKER-BASED AND MARKERLESS AR                95

7.2.1      MARKER-BASED AUGMENTED REALITY  95

7.2.1.1   Passive market 96

7.2.1.1.1               Passive markers are more widely used type of marker-based AR              96

7.2.1.2   Active marker    96

7.2.1.2.1               Active markers use LED to track objects 96

7.2.2      MARKERLESS AUGMENTED REALITY        96

7.2.2.1   Model-based tracking    96

7.2.2.1.1               Model-based tracking depends on camera movements 96

7.2.2.2   Image processing-based tracking              97

7.2.2.2.1               Image processing-based tracking requires optical scanners or cameras for processing images      97

7.2.3      ANCHOR-BASED AUGMENTED REALITY  97

7.2.3.1   Anchor-based AR is used to overlay virtual images in real space 97

7.3          VIRTUAL REALITY TECHNOLOGY                97

FIGURE 35           SEMI- AND FULLY IMMERSIVE TECHNOLOGIES TO DOMINATE VIRTUAL REALITY MARKET DURING FORECAST PERIOD           97

TABLE 6                VIRTUAL REALITY MARKET, BY TECHNOLOGY, 2016–2019 (USD MILLION)               98

TABLE 7                VIRTUAL REALITY MARKET, BY TECHNOLOGY, 2020–2025 (USD MILLION)               98

7.3.1      NON-IMMERSIVE TECHNOLOGY               98

7.3.1.1   Use of non-immersive technology in VR software development set to drive the market                98

TABLE 8                VIRTUAL REALITY MARKET FOR NON-IMMERSIVE TECHNOLOGY,

 BY OFFERING, 2016–2019 (USD MILLION)             99

TABLE 9                VIRTUAL REALITY MARKET FOR NON-IMMERSIVE TECHNOLOGY,

BY OFFERING, 2020–2025 (USD MILLION)              99

7.3.2      SEMI-IMMERSIVE AND FULLY IMMERSIVE TECHNOLOGY               99

7.3.2.1   Fully immersive technology would be driven by demand for VR HMDs    99

TABLE 10              VIRTUAL REALITY MARKET FOR SEMI- AND FULLY IMMERSIVE TECHNOLOGIES, BY OFFERING, 2016–2019 (USD MILLION) 100

TABLE 11              VIRTUAL REALITY MARKET FOR SEMI- AND FULLY IMMERSIVE TECHNOLOGIES, BY OFFERING, 2020–2025 (USD MILLION) 100

8              AUGMENTED REALITY AND VIRTUAL REALITY MARKET, BY OFFERING      101

8.1          INTRODUCTION                102

FIGURE 36           AUGMENTED REALITY MARKET FOR HARDWARE EXPECTED TO GROW AT A HIGHER CAGR THAN SOFTWARE DURING FORECAST PERIOD         102

TABLE 12              AUGMENTED REALITY MARKET, BY OFFERING, 2016–2019 (USD MILLION)             102

TABLE 13              AUGMENTED REALITY MARKET, BY OFFERING, 2020–2025 (USD MILLION)             102

8.2          HARDWARE        103

FIGURE 37           DISPLAYS & PROJECTORS TO HOLD LARGEST SIZE OF AUGMENTED REALITY MARKET DURING FORECAST PERIOD 103

TABLE 14              AUGMENTED REALITY MARKET, BY HARDWARE COMPONENT,

2016–2019 (USD MILLION)           103

TABLE 15              AUGMENTED REALITY MARKET, BY HARDWARE COMPONENT,

2020–2025 (USD MILLION)           104

FIGURE 38           VIRTUAL REALITY MARKET FOR HARDWARE TO REGISTER HIGHER CAGR DURING FORECAST PERIOD        104

TABLE 16              VIRTUAL REALITY MARKET, BY OFFERING, 2016–2019 (USD MILLION)      105

TABLE 17              VIRTUAL REALITY MARKET, BY OFFERING, 2020–2025 (USD MILLION)      105

FIGURE 39           VIRTUAL REALITY MARKET FOR DISPLAYS AND PROJECTORS TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 105

TABLE 18              VIRTUAL REALITY MARKET, BY HARDWARE, 2016–2019 (USD MILLION)   106

TABLE 19              VIRTUAL REALITY MARKET, HARDWARE, 2020–2025 (USD MILLION)         106

8.2.1      SENSORS             106

8.2.1.1   Sensors are widely used in AR & VR devices for detecting motion, velocity, magnetic field, and object presence                106

8.2.1.1.1               Accelerometers                106

8.2.1.1.2               Gyroscopes        107

8.2.1.1.3               Magnetometers               107

8.2.1.1.4               Proximity sensors            107

8.2.2      SEMICONDUCTOR COMPONENTS            107

8.2.2.1   Controller is the most important component of AR and VR devices           107

8.2.2.1.1               Controllers and processors          107

8.2.2.1.2               Integrated circuits           108

8.2.3      DISPLAYS AND PROJECTORS        108

8.2.3.1   Displays & projectors hold the major share of AR and VR market               108

8.2.4      POSITION TRACKERS      108

8.2.4.1   Position trackers are used to maintain accuracy in AR and VR devices      108

8.2.5      CAMERAS            108

8.2.5.1   Cameras are crucial components to measure depth and amplitude of objects     108

8.2.6      OTHERS                109

8.2.6.1   Other components include computers/video generators and combiners               109

8.2.7      IMPACT OF COVID-19 ON HARDWARE MARKET 109

8.3          SOFTWARE         109

8.3.1      SDK’S WILL PLAY CRUCIAL ROLE IN AR & VR SOFTWARE MARKET               109

8.3.1.1   Software development kits         109

8.3.1.2   Cloud-based services     110

FIGURE 40           CONSUMER APPLICATION EXPECTED TO HOLD LARGEST SIZE OF AUGMENTED REALITY MARKET FOR SOFTWARE DURING FORECAST PERIOD 110

TABLE 20              AUGMENTED REALITY MARKET FOR SOFTWARE, BY APPLICATION,

2016–2019 (USD MILLION)           111

TABLE 21              AUGMENTED REALITY MARKET FOR SOFTWARE, BY APPLICATION,

2020–2025 (USD MILLION)           111

FIGURE 41           VIRTUAL REALITY SOFTWARE MARKET FOR COMMERCIAL APPLICATION TO RECORD HIGHEST CAGR DURING FORECAST PERIOD         112

TABLE 22              VIRTUAL REALITY MARKET FOR SOFTWARE, BY APPLICATION,

2016–2019 (USD MILLION)           112

TABLE 23              VIRTUAL REALITY MARKET FOR SOFTWARE, BY APPLICATION,

2020–2025 (USD MILLION)           112

8.3.2      IMPACT OF COVID-19 ON SOFTWARE MARKET   113

8.3.3      AUGMENTED REALITY SOFTWARE FUNCTIONS   113

8.3.3.1   Workflow optimization and remote collaboration are the most trending AR solutions      113

8.3.3.1.1               Remote collaboration    113

8.3.3.1.2               Workflow optimization  113

8.3.3.1.3               Documentation                113

8.3.3.1.4               Visualization       114

8.3.3.1.5               3D modeling       114

8.3.3.1.6               Navigation          114

8.4          VIRTUAL REALITY CONTENT CREATION   114

8.4.1      VR CONTENT CREATION IS THE KEY TO STRENGTHEN VR TECHNOLOGY AND GROWTH OF VR HARDWARE DEVICES                114

9              AUGMENTED REALITY AND VIRTUAL REALITY MARKET, BY DEVICE TYPE  116

9.1          INTRODUCTION                117

9.2          AUGMENTED REALITY DEVICES  117

FIGURE 42           AUGMENTED REALITY MARKET FOR HEAD-MOUNTED DISPLAYS TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD           117

TABLE 24              AUGMENTED REALITY MARKET, BY DEVICE TYPE, 2016–2019 (USD MILLION)        117

TABLE 25              AUGMENTED REALITY MARKET, BY DEVICE TYPE, 2020–2025 (USD MILLION)        117

FIGURE 43           HEAD-MOUNTED DISPLAYS EXPECTED TO LEAD AUGMENTED REALITY MARKET IN TERMS OF SHIPMENT DURING FORECAST PERIOD         118

TABLE 26              AUGMENTED REALITY MARKET, BY DEVICE TYPE,

2016–2019 (THOUSAND UNITS) 118

TABLE 27              AUGMENTED REALITY MARKET, BY DEVICE TYPE,

2020–2025 (THOUSAND UNITS) 118

9.2.1      HEAD-MOUNTED DISPLAYS         119

TABLE 28              AUGMENTED REALITY MARKET FOR HMDS, BY APPLICATION,

2016–2019 (USD MILLION)           119

TABLE 29              AUGMENTED REALITY MARKET FOR HMDS, BY APPLICATION,

2020–2025 (USD MILLION)           120

9.2.1.1   Augmented Reality smart glasses             120

9.2.1.1.1               AR smart glasses are widely adopted across companies to improve work efficiency          120

9.2.1.2   Smart helmets  121

9.2.1.2.1               Smart helmets are widely adopted in construction sector to optimize workflow 121

9.2.2      HEAD-UP DISPLAYS         121

9.2.2.1   Head-up display devices are anticipated to commercialize in 2020             121

TABLE 30              AUGMENTED REALITY HUDS MARKET, BY APPLICATION,

2016–2019 (USD MILLION)           122

TABLE 31              AUGMENTED REALITY HUDS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           122

9.2.3      COVID-19 IMPACT ON AR DEVICE TYPES                123

FIGURE 44           PRE-COVID-19 VS. POST-COVID-19 COMPARISON FOR AR HMD MARKET               123

FIGURE 45           PRE-COVID-19 VS. POST-COVID-19 COMPARISON FOR AR HUD MARKET                123

 

9.3          VIRTUAL REALITY DEVICES           124

FIGURE 46           VIRTUAL REALITY MARKET FOR GESTURE-TRACKING DEVICES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD           124

TABLE 32              VIRTUAL REALITY MARKET, BY DEVICE TYPE, 2016–2019 (USD MILLION)  124

TABLE 33              VIRTUAL REALITY MARKET, BY DEVICE TYPE, 2020–2025 (USD MILLION)  124

FIGURE 47           VIRTUAL REALITY MARKET FOR GESTURE-TRACKING DEVICES TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD IN TERMS OF SHIPMENT         125

TABLE 34              VIRTUAL REALITY MARKET, BY DEVICE TYPE, 2016–2019 (THOUSAND UNITS)        125

TABLE 35              VIRTUAL REALITY MARKET, BY DEVICE TYPE, 2020–2025 (THOUSAND UNITS)        125

9.3.1      HEAD-MOUNTED DISPLAYS         126

9.3.1.1   Use of HMDs in gaming and entertainment is the major driver for growth of VR hardware devices            126

9.4          IMPACT OF COVID-19 ON DEVICE TYPES                126

TABLE 36              VIRTUAL REALITY HMDS MARKET, BY APPLICATION,

2016–2019 (USD MILLION)           127

TABLE 37              VIRTUAL REALITY HMDS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           127

9.4.1      COVID-19 IMPACT ON VIRTUAL REALITY HMDS MARKET                128

9.4.2      GESTURE-TRACKING DEVICES    128

9.4.2.1   Gesture-tracking devices to play a crucial role in healthcare and gaming applications        128

9.4.2.1.1               Data gloves         128

9.4.2.1.2               Others  128

TABLE 38              VIRTUAL REALITY MARKET FOR GESTURE-TRACKING DEVICES,

BY APPLICATION, 2016–2019 (USD MILLION)       129

TABLE 39              VIRTUAL REALITY MARKET FOR GESTURE-TRACKING DEVICES,

BY APPLICATION, 2020–2025 (USD MILLION)       129

9.4.2.2   Impact of COVID-19 on gesture-tracking devices market               129

9.4.3      PROJECTORS & DISPLAY WALLS 130

9.4.3.1   Projectors and display walls are new growth avenues in VR hardware market     130

TABLE 40              VIRTUAL REALITY MARKET FOR PROJECTORS & DISPLAY WALLS,

BY APPLICATION, 2016–2019 (USD MILLION)       130

TABLE 41              VIRTUAL REALITY MARKET FOR PROJECTORS & DISPLAY WALLS,

BY APPLICATION, 2020–2025 (USD MILLION)       130

10           AUGMENTED REALITY AND VIRTUAL REALITY MARKET, BY APPLICATION               132

10.1        INTRODUCTION                133

FIGURE 48           AUGMENTED REALITY MARKET, BY APPLICATION             133

FIGURE 49           CONSUMER APPLICATION TO HOLD LARGEST SHARE OF AUGMENTED REALITY MARKET DURING FORECAST PERIOD 133

TABLE 42              AUGMENTED REALITY MARKET, BY APPLICATION, 2016–2019 (USD MILLION)      134

TABLE 43              AUGMENTED REALITY MARKET, BY APPLICATION, 2020–2025 (USD MILLION)      134

 

10.2        APPLICATIONS OF AUGMENTED REALITY              135

10.2.1    CONSUMER        135

TABLE 44              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION)                135

TABLE 45              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION)                135

TABLE 46              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION, BY REGION, 2016–2019 (USD MILLION)  135

TABLE 47              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION, BY REGION, 2020–2025 (USD MILLION)  136

TABLE 48              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)       136

TABLE 49              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)       136

TABLE 50              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION IN EUROPE,

BY COUNTRY, 2016–2019 (USD MILLION)               137

TABLE 51              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION IN EUROPE,

BY COUNTRY, 2020–2025 (USD MILLION)               137

TABLE 52              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION IN APAC,

BY COUNTRY, 2016–2019 (USD MILLION)               137

TABLE 53              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION IN APAC,

BY COUNTRY, 2020–2025 (USD MILLION)               138

TABLE 54              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION IN ROW,

BY REGION, 2016–2019 (USD MILLION)  138

TABLE 55              AUGMENTED REALITY MARKET FOR CONSUMER APPLICATION IN ROW,

BY REGION, 2020–2025 (USD MILLION)  138

10.2.1.1                Gaming                139

10.2.1.1.1             Augmented reality enhances interactivity in gaming and provides a more immersive experience to gamers                139

10.2.1.2                Sports & entertainment                139

10.2.1.2.1             Entertainment applications         139

10.2.1.2.1.1         Museums (archaeology)               139

10.2.1.2.1.2         Augmented reality enhances the viewing experience of visitors in archeological monuments and museums                139

10.2.1.2.1.3         Theme parks      140

10.2.1.2.1.4         Augmented reality enhances interactivity of theme parks            140

10.2.1.2.1.5         Art galleries and exhibitions        140

10.2.1.2.1.6         Augmented reality enhances artistic visualization and provides an immersive experience to visitors         140

TABLE 56              USE CASES OF AUGMENTED REALITY IN CONSUMER APPLICATION           140

10.2.2    COMMERCIAL   141

TABLE 57              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION)             141

TABLE 58              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION)             141

TABLE 59              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2016–2019 (USD MILLION)                141

TABLE 60              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2020–2025 (USD MILLION)                142

TABLE 61              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)       142

TABLE 62              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)       142

TABLE 63              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)             143

TABLE 64              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)             143

TABLE 65              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION IN APAC,

BY COUNTRY, 2016–2019 (USD MILLION)               143

TABLE 66              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION IN APAC,

BY COUNTRY, 2020–2025 (USD MILLION)               144

TABLE 67              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION IN ROW,

BY REGION, 2016–2019 (USD MILLION)  144

TABLE 68              AUGMENTED REALITY MARKET FOR COMMERCIAL APPLICATION IN ROW,

BY REGION, 2020–2025 (USD MILLION)  144

10.2.2.1                Retail & e-commerce     145

10.2.2.1.1             Jewelry                145

10.2.2.1.1.1         Augmented reality enables consumers to try before they buy and improves consumer buying experience                145

10.2.2.1.2             Beauty and cosmetics    145

10.2.2.1.2.1         Virtual testing of cosmetic products is the key driver for augmented reality market in beauty and cosmetics                145

10.2.2.1.3             Apparel fitting   146

10.2.2.1.3.1         Virtual trial rooms are gaining consumer attention            146

10.2.2.1.4             Grocery shopping            146

10.2.2.1.4.1         Augmented reality provides personalized product tips in grocery application       146

10.2.2.1.5             Footwear            146

10.2.2.1.5.1         Virtual try before you buy feature drives growth of augmented reality market in footwear          146

10.2.2.1.6             Furniture & lighting design           146

10.2.2.1.6.1         Reduced product exchange rate through augmented reality drives the growth of augmented reality market in furniture & lighting design       146

10.2.2.2                Travel & Tourism              146

10.2.2.2.1             Augmented reality plays a crucial role in enhancing traveling experience               146

10.2.2.3                E-learning            147

10.2.2.3.1             Augmented reality increases student’s interaction and enhances learning experience    147

TABLE 69              USE CASES OF AUGMENTED REALITY IN COMMERCIAL APPLICATION      147

10.2.3    ENTERPRISE (MANUFACTURING)             148

10.2.3.1                Augmented reality aids enterprises in providing better training by visualizing content     148

TABLE 70              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION)                148

TABLE 71              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION)                148

TABLE 72              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION, BY REGION, 2016–2019 (USD MILLION)  149

TABLE 73              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION, BY REGION, 2020–2025 (USD MILLION)  149

TABLE 74              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)       149

TABLE 75              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)       150

TABLE 76              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)             150

TABLE 77              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)             150

TABLE 78              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION IN APAC,

BY COUNTRY, 2016–2019 (USD MILLION)               151

TABLE 79              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION IN APAC,

BY COUNTRY, 2020–2025 (USD MILLION)               151

TABLE 80              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION IN ROW,

BY REGION, 2016–2019 (USD MILLION)  151

TABLE 81              AUGMENTED REALITY MARKET FOR ENTERPRISE APPLICATION IN ROW,

BY REGION, 2020–2025 (USD MILLION)  151

TABLE 82              USE CASES OF AUGMENTED REALITY IN ENTERPRISE APPLICATION           152

10.2.4    HEALTHCARE      152

TABLE 83              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION)                153

TABLE 84              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION)                153

TABLE 85              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2016–2019 (USD MILLION)                153

TABLE 86              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2020–2025 (USD MILLION)                153

TABLE 87              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)       154

TABLE 88              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)       154

TABLE 89              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)             154

TABLE 90              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)             155

TABLE 91              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION IN APAC,

BY COUNTRY, 2016–2019 (USD MILLION)               155

TABLE 92              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION IN APAC,

BY COUNTRY, 2020–2025 (USD MILLION)               155

TABLE 93              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION IN ROW,

BY REGION, 2016–2019 (USD MILLION)  155

TABLE 94              AUGMENTED REALITY MARKET FOR HEALTHCARE APPLICATION IN ROW,

BY REGION, 2020–2025 (USD MILLION)  156

10.2.4.1                Surgery                156

10.2.4.1.1             Augmented healthcare apps can help save lives and treat patients seamlessly irrespective of severity of issues    156

10.2.4.2                Fitness management     156

10.2.4.2.1             Augmented reality adds interactivity and fun to workouts            156

10.2.4.3                Patient care management           157

10.2.4.3.1             Remote consulting feature drives growth of augmented reality for patient care management    157

10.2.4.4                Pharmacy management                157

10.2.4.4.1             Requirement of better scheduling flow of medicines drives growth of augmented reality in pharmacy management     157

10.2.4.5                Medical training and education  157

10.2.4.5.1             Augmented reality enriches learning experience and amplifies interactivity         157

10.2.4.6                Others  157

10.2.4.6.1             AR helps radiologists to perceive 3D image data more precisely for interventional and diagnostic radiology                157

TABLE 95              USE CASES OF AUGMENTED REALITY IN HEALTHCARE APPLICATION         158

10.2.5    AEROSPACE & DEFENSE                158

10.2.5.1                AR is being used to gain competitive advantage over enemies    158

TABLE 96              AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION) 159

TABLE 97              AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION) 159

TABLE 98              AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2016–2019 (USD MILLION)             159

TABLE 99              AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2020–2025 (USD MILLION)             159

TABLE 100            AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)     160

TABLE 101            AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)     160

TABLE 102            AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)       160

TABLE 103            AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)       161

TABLE 104            AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)       161

TABLE 105            AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)       161

TABLE 106            AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN ROW, BY REGION, 2016–2019 (USD MILLION) 161

TABLE 107            AUGMENTED REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN ROW, BY REGION, 2020–2025 (USD MILLION) 162

TABLE 108            USE CASES OF AUGMENTED REALITY IN AEROSPACE & DEFENSE APPLICATION   162

10.2.6    ENERGY                163

10.2.6.1                Growing need to improve safety in oil & gas sector drives augmented reality market in energy   163

TABLE 109            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION) 163

TABLE 110            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION) 163

TABLE 111            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION, BY REGION, 2016–2019 (USD MILLION)          164

TABLE 112            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION, BY REGION, 2020–2025 (USD MILLION)          164

TABLE 113            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 164

TABLE 114            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 165

TABLE 115            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION IN EUROPE,

BY COUNTRY, 2016–2019 (USD MILLION)               165

TABLE 116            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION IN EUROPE,

BY COUNTRY, 2020–2025 (USD MILLION)               165

TABLE 117            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION IN APAC,

BY COUNTRY 2016–2019 (USD MILLION)                165

TABLE 118            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION IN APAC,

BY COUNTRY 2020–2025 (USD MILLION)                166

TABLE 119            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION IN ROW,

BY REGION, 2016–2019 (USD MILLION)  166

TABLE 120            AUGMENTED REALITY MARKET FOR ENERGY APPLICATION IN ROW,

BY REGION, 2020–2025 (USD MILLION)  166

TABLE 121            USE CASES OF AUGMENTED REALITY IN ENERGY APPLICATION   167

10.2.7    AUTOMOTIVE   167

10.2.7.1                Emergence of ADAS drives demand for AR-based HUD technology          167

TABLE 122            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION)             168

TABLE 123            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION)             168

TABLE 124            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2016–2019 (USD MILLION)                168

TABLE 125            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2020–2025 (USD MILLION)                169

TABLE 126            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)       169

TABLE 127            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)       169

TABLE 128            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)             170

TABLE 129            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)             170

TABLE 130            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION IN APAC,

BY COUNTRY, 2016–2019 (USD MILLION)               170

TABLE 131            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION IN APAC,

BY COUNTRY, 2020–2025 (USD MILLION)               171

TABLE 132            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION IN ROW,

BY REGION, 2016–2019 (USD MILLION)  171

TABLE 133            AUGMENTED REALITY MARKET FOR AUTOMOTIVE APPLICATION IN ROW,

BY REGION, 2020–2025 (USD MILLION)  171

TABLE 134            USE CASES OF AUGMENTED REALITY IN AUTOMOTIVE APPLICATION      172

10.2.8    OTHERS                172

TABLE 135            AUGMENTED REALITY MARKET FOR OTHER APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION)    172

TABLE 136            AUGMENTED REALITY MARKET FOR OTHER APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION)    172

TABLE 137            AUGMENTED REALITY MARKET FOR OTHER APPLICATION, BY REGION,

2016–2019 (USD MILLION)           173

TABLE 138            AUGMENTED REALITY MARKET FOR OTHER APPLICATION, BY REGION,

2020–2025 (USD MILLION)           173

TABLE 139            AUGMENTED REALITY MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 173

TABLE 140            AUGMENTED REALITY MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 173

TABLE 141            AUGMENTED REALITY MARKET FOR OTHER APPLICATIONS IN EUROPE,

BY COUNTRY, 2016–2019 (USD MILLION)               174

TABLE 142            AUGMENTED REALITY MARKET FOR OTHER APPLICATIONS IN EUROPE,

BY COUNTRY, 2020–2025 (USD MILLION)               174

TABLE 143            AUGMENTED REALITY MARKET FOR OTHER APPLICATIONS IN APAC,

BY COUNTRY, 2016–2019 (USD MILLION)               174

TABLE 144            AUGMENTED REALITY MARKET FOR OTHER APPLICATIONS IN APAC,

BY COUNTRY, 2020–2025 (USD MILLION)               175

TABLE 145            AUGMENTED REALITY MARKET FOR OTHER APPLICATIONS IN ROW,

BY REGION, 2016–2019 (USD MILLION)  175

TABLE 146            AUGMENTED REALITY MARKET FOR OTHER APPLICATIONS IN ROW,

BY REGION, 2020–2025 (USD MILLION)  175

10.2.8.1                Agriculture          176

10.2.8.1.1             Augmented reality assists farmers in implementing new techniques with a better learning experience   176

10.2.8.2                Construction      176

10.2.8.2.1             3D models required for construction projects can be better illustrated with augmented reality   176

10.2.8.3                Transportation & logistics             176

10.2.8.3.1             AR technology is widely adopted in transportation & logistics sector to document trading activities           176

10.2.8.4                Public safety      177

10.2.8.4.1             Augmented reality-based 3D maps aid police personnel to enhance public safety             177

10.2.8.5                Telecom/IT data centers               177

10.2.8.5.1             Requirement of advanced network infrastructure in telecom/IT data centers would help drive AR software market for this vertical  177

TABLE 147            USE CASES OF AUGMENTED REALITY IN OTHER APPLICATIONS   177

10.3        VIRTUAL REALITY APPLICATIONS              179

FIGURE 50           VR MARKET FOR HEALTHCARE TO REGISTER HIGHEST CAGR BETWEEN

2020 AND 2025  179

TABLE 148            VIRTUAL REALITY MARKET, BY APPLICATION, 2016–2019 (USD MILLION)                179

TABLE 149            VIRTUAL REALITY MARKET, BY APPLICATION, 2020–2025 (USD MILLION)                180

10.3.1    CONSUMER        180

10.3.1.1                Gaming and entertainment applications are major drivers for VR market growth               180

TABLE 150            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION)   181

TABLE 151            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION)   181

TABLE 152            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION, BY REGION, 2016–2019 (USD MILLION)            181

TABLE 153            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION, BY REGION, 2020–2025 (USD MILLION)            182

TABLE 154            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 182

TABLE 155            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 182

TABLE 156            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION IN EUROPE,

BY COUNTRY, 2016–2019 (USD MILLION)               183

TABLE 157            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION IN EUROPE,

BY COUNTRY, 2020–2025 (USD MILLION)               183

TABLE 158            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION IN APAC,

BY COUNTRY, 2016–2019 (USD MILLION)               184

TABLE 159            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION IN APAC,

BY COUNTRY, 2020–2025 (USD MILLION)               184

TABLE 160            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION IN ROW,

BY REGION, 2016–2019 (USD MILLION)  184

TABLE 161            VIRTUAL REALITY MARKET FOR CONSUMER APPLICATION IN ROW,

BY REGION, 2020–2025 (USD MILLION)  185

10.3.1.1.1             Gaming and entertainment         185

10.3.1.1.2             Sports   185

10.3.1.2                Use cases of virtual reality in consumer application          186

10.3.2    COMMERCIAL   186

10.3.2.1                Retail and e-commerce to drive commercial application in VR market      186

TABLE 162            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION)                186

TABLE 163            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION)                187

TABLE 164            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2016–2019 (USD MILLION)       187

TABLE 165            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2020–2025 (USD MILLION)       187

TABLE 166            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 188

TABLE 167            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 188

TABLE 168            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION IN EUROPE,

BY COUNTRY, 2016–2019 (USD MILLION)               188

TABLE 169            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION IN EUROPE,

BY COUNTRY, 2020–2025 (USD MILLION)               189

TABLE 170            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION IN APAC,

BY COUNTRY, 2016–2019 (USD MILLION)               189

TABLE 171            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION IN APAC,

BY COUNTRY, 2020–2025 (USD MILLION)               189

TABLE 172            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION IN ROW,

BY REGION, 2016–2019 (USD MILLION)  190

TABLE 173            VIRTUAL REALITY MARKET FOR COMMERCIAL APPLICATION IN ROW,

BY REGION, 2020–2025 (USD MILLION)  190

10.3.2.1.1             Retail & e-commerce     190

10.3.2.1.2             Education and training   191

10.3.2.1.3             Travel and tourism          191

10.3.2.1.4             Advertising         191

10.3.2.2                Use cases of virtual reality in commercial application       192

10.3.3    ENTERPRISE (MANUFACTURING)             192

10.3.3.1                Increased use of VR technology and devices in industrial facilities to drive enterprise application in VR market 192

TABLE 174            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION)   192

TABLE 175            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION)   193

TABLE 176            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION, BY REGION, 2016–2019 (USD MILLION)            193

TABLE 177            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION, BY REGION, 2020–2025 (USD MILLION)            193

TABLE 178            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 194

TABLE 179            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 194

TABLE 180            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION IN EUROPE,

BY COUNTRY, 2016–2019 (USD MILLION)               194

TABLE 181            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION IN EUROPE,

BY COUNTRY, 2020–2025 (USD MILLION)               195

TABLE 182            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION IN APAC,

BY COUNTRY, 2016–2019 (USD MILLION)               195

TABLE 183            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION IN APAC,

BY COUNTRY, 2020–2025 (USD MILLION)               195

TABLE 184            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION IN ROW,

BY REGION, 2016–2019 (USD MILLION)  196

TABLE 185            VIRTUAL REALITY MARKET FOR ENTERPRISE APPLICATION IN ROW,

BY REGION, 2020–2025 (USD MILLION)  196

10.3.3.2                Use cases of virtual reality in enterprise (manufacturing)              196

 

10.3.4    HEALTHCARE      196

10.3.4.1                Patient care management and medical training & education are major applications driving growth of VR in healthcare          196

TABLE 186            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION, BY DEVICE TYPE, 2016–2019 (USD MILLION) 197

TABLE 187            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION, BY DEVICE TYPE, 2020–2025 (USD MILLION) 197

TABLE 188            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2016–2019 (USD MILLION)          198

TABLE 189            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2020–2025 (USD MILLION)          198

TABLE 190            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 198

TABLE 191            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 199

TABLE 192            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION IN EUROPE,

BY COUNTRY, 2016–2019 (USD MILLION)               199

TABLE 193            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION IN EUROPE,

BY COUNTRY, 2020–2025 (USD MILLION)               199

TABLE 194            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION IN APAC,

BY COUNTRY, 2016–2019 (USD MILLION)               200

TABLE 195            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION IN APAC,

BY COUNTRY, 2020–2025 (USD MILLION)               200

TABLE 196            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION IN ROW,

BY REGION, 2016–2019 (USD MILLION)  200

TABLE 197            VIRTUAL REALITY MARKET FOR HEALTHCARE APPLICATION IN ROW,

BY REGION, 2020–2025 (USD MILLION)  200

10.3.4.1.1             Surgery                201

10.3.4.1.2             Patient care management           201

10.3.4.1.3             Fitness management     201

10.3.4.1.4             Pharmacy management                201

10.3.4.1.5             Medical training and education  201

10.3.4.2                Use cases of virtual reality in healthcare                201

10.3.5    AEROSPACE & DEFENSE                202

10.3.5.1                Simulation training to be a major growth factor of VR in aerospace & defense     202

TABLE 198            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION,

BY DEVICE TYPE, 2016–2019 (USD MILLION)         202

TABLE 199            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION,

BY DEVICE TYPE, 2020–2025 (USD MILLION)         203

TABLE 200            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION,

BY REGION, 2016–2019 (USD MILLION)  203

TABLE 201            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION,

BY REGION, 2020–2025 (USD MILLION)  203

TABLE 202            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)           204

TABLE 203            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION,

BY COUNTRY, 2020–2025 (USD MILLION)               204

TABLE 204            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION) 204

TABLE 205            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION) 205

TABLE 206            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN APAC, BY COUNTRY, 2016–2019 (USD MILLION) 205

TABLE 207            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN APAC, BY COUNTRY, 2020–2025 (USD MILLION) 205

TABLE 208            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN ROW, BY REGION, 2016–2019 (USD MILLION)             206

TABLE 209            VIRTUAL REALITY MARKET FOR AEROSPACE & DEFENSE APPLICATION IN ROW, BY REGION, 2020–2025 (USD MILLION)             206

10.3.5.2                Use cases of virtual reality in aerospace & defense          206

10.3.6    OTHERS                206

TABLE 210            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS, BY DEVICE TYPE, 2016–2019 (USD MILLION)           206

TABLE 211            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS, BY DEVICE TYPE, 2020–2025 (USD MILLION)           207

TABLE 212            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS, BY REGION,

2016–2019 (USD MILLION)           207

TABLE 213            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS, BY REGION,

2020–2025 (USD MILLION)           207

TABLE 214            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA,

BY COUNTRY, 2016–2019 (USD MILLION)               208

TABLE 215            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA,

BY COUNTRY, 2020–2025 (USD MILLION)               208

TABLE 216            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS IN EUROPE,

BY COUNTRY, 2016–2019 (USD MILLION)               208

TABLE 217            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS IN EUROPE,

BY COUNTRY, 2020–2025 (USD MILLION)               208

TABLE 218            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)                209

TABLE 219            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)                209

TABLE 220            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION, 2016–2019 (USD MILLION)   209

TABLE 221            VIRTUAL REALITY MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION, 2020–2025 (USD MILLION)   210

10.3.6.1                Automotive        210

10.3.6.2                Real estate (architecture and building design)    210

10.3.6.3                Geospatial mining            210

10.3.6.4                Use cases of virtual reality in other applications 211

10.3.7    COVID-19 IMPACT ON MAJOR APPLICATIONS    211

FIGURE 51           COVID-19 IMPACT ON AR MARKET FOR CONSUMER APPLICATION           211

FIGURE 52           COVID-19 IMPACT ON AR MARKET FOR ENTERPRISE APPLICATION           211

FIGURE 53           COVID-19 IMPACT ON VR MARKET FOR CONSUMER APPLICATION           212

FIGURE 54           COVID-19 IMPACT ON VR MARKET FOR HEALTHCARE APPLICATION         212

11           GEOGRAPHICAL ANALYSIS           213

11.1        INTRODUCTION                214

FIGURE 55           GEOGRAPHIC SNAPSHOT: AUGMENTED REALITY MARKET IN APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD           214

FIGURE 56           GEOGRAPHIC SNAPSHOT: VIRTUAL REALITY MARKET IN APAC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD           215

FIGURE 57           US TO HOLD LARGEST SIZE OF AUGMENTED REALITY MARKET FROM

2020 TO 2025      215

TABLE 222            AUGMENTED REALITY MARKET, BY REGION, 2016–2019 (USD MILLION) 216

TABLE 223            AUGMENTED REALITY MARKET, BY REGION, 2020–2025 (USD MILLION) 216

FIGURE 58           US TO HOLD LARGEST SIZE OF VIRTUAL REALITY MARKET FROM

2020 TO 2025      217

TABLE 224            VIRTUAL REALITY MARKET, BY REGION, 2016–2019 (USD MILLION)           217

TABLE 225            VIRTUAL REALITY MARKET, BY REGION, 2020–2025 (USD MILLION)           217

11.2        NORTH AMERICA             218

FIGURE 59           NORTH AMERICA: SNAPSHOT OF AUGMENTED REALITY MARKET              219

TABLE 226            AUGMENTED REALITY MARKET IN NORTH AMERICA, BY APPLICATION,

2016–2019 (USD MILLION)           220

TABLE 227            AUGMENTED REALITY MARKET IN NORTH AMERICA, BY APPLICATION,

2020–2025 (USD MILLION)           220

TABLE 228            AUGMENTED REALITY MARKET IN NORTH AMERICA, BY COUNTRY,

2016–2019 (USD MILLION)           221

TABLE 229            AUGMENTED REALITY MARKET IN NORTH AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           221

FIGURE 60           NORTH AMERICA: SNAPSHOT OF VIRTUAL REALITY MARKET        222

TABLE 230            VIRTUAL REALITY MARKET IN NORTH AMERICA, BY APPLICATION,

2016–2019 (USD MILLION)           222

TABLE 231            VIRTUAL REALITY MARKET IN NORTH AMERICA, BY APPLICATION,

2020–2025 (USD MILLION)           223

TABLE 232            VIRTUAL REALITY MARKET IN NORTH AMERICA, BY COUNTRY,

2016–2019 (USD MILLION)           223

TABLE 233            VIRTUAL REALITY MARKET IN NORTH AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           223

11.2.1    US          224

11.2.1.1                Strong presence of AR & VR companies to drive market                224

11.2.2    CANADA              224

11.2.2.1                Increasing investments in cutting-edge technologies to fuel growth        224

11.2.3    MEXICO               225

11.2.3.1                Evolving industries to drive market growth          225

11.3        EUROPE               225

FIGURE 61           EUROPE: SNAPSHOT OF AUGMENTED REALITY MARKET                226

TABLE 234            AUGMENTED REALITY MARKET IN EUROPE, BY APPLICATION,

2016–2019 (USD MILLION)           227

TABLE 235            AUGMENTED REALITY MARKET IN EUROPE, BY APPLICATION,

2020–2025 (USD MILLION)           227

TABLE 236            AUGMENTED REALITY MARKET IN EUROPE, BY COUNTRY,

2016–2019 (USD MILLION)           228

TABLE 237            AUGMENTED REALITY MARKET IN EUROPE, BY COUNTRY,

2020–2025 (USD MILLION)           228

FIGURE 62           EUROPE: SNAPSHOT OF VIRTUAL REALITY MARKET          229

TABLE 238            VIRTUAL REALITY MARKET IN EUROPE, BY APPLICATION,

2016–2019 (USD MILLION)           229

TABLE 239            VIRTUAL REALITY MARKET IN EUROPE, BY APPLICATION,

2020–2025 (USD MILLION)           230

TABLE 240            VIRTUAL REALITY MARKET IN EUROPE, BY COUNTRY,

2016–2019 (USD MILLION)           230

TABLE 241            VR MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)             230

11.3.1    GERMANY           231

11.3.1.1                High adoption of new technologies in manufacturing to drive market      231

11.3.2    FRANCE                231

11.3.2.1                High adoption in retail to enhance market growth            231

11.3.3    UK          232

11.3.3.1                Continuous focus on digitalization likely to drive market growth 232

11.3.4    REST OF EUROPE              232

11.3.4.1                Inflow of products and technology from UK, Germany, and France to propel market growth       232

11.4        APAC     232

FIGURE 63           APAC: SNAPSHOT OF AUGMENTED REALITY MARKET      233

TABLE 242            AUGMENTED REALITY MARKET IN APAC, BY APPLICATION,

2016–2019 (USD MILLION)           234

TABLE 243            AUGMENTED REALITY MARKET IN APAC, BY APPLICATION,

2020–2025 (USD MILLION)           234

TABLE 244            AUGMENTED REALITY MARKET IN APAC, BY COUNTRY,

2016–2019 (USD MILLION)           234

TABLE 245            AUGMENTED REALITY MARKET IN APAC, BY COUNTRY,

2020–2025 (USD MILLION)           235

FIGURE 64           APAC: SNAPSHOT OF VIRTUAL REALITY MARKET               235

TABLE 246            VIRTUAL REALITY MARKET IN APAC, BY APPLICATION,

2016–2019 (USD MILLION)           236

TABLE 247            VIRTUAL REALITY MARKET IN APAC, BY APPLICATION,

2020–2025 (USD MILLION)           236

TABLE 248            VIRTUAL REALITY MARKET IN APAC, BY COUNTRY,

2016–2019 (USD MILLION)           236

TABLE 249            VIRTUAL REALITY MARKET IN APAC, BY COUNTRY,

2020–2025 (USD MILLION)           237

11.4.1    CHINA   237

11.4.1.1                High number of local players producing AR & VR devices to drive market growth               237

11.4.2    INDIA    237

11.4.2.1                Increasing awareness of advanced technology to play crucial role in market growth         237

11.4.3    JAPAN  238

11.4.3.1                High growth of healthcare sector to fuel market growth                238

11.4.4    SOUTH KOREA   239

11.4.4.1                Digital revolution in industrial sector to drive market growth        239

11.4.5    REST OF APAC   239

11.4.5.1                High consumer spending to boost market            239

11.5        ROW      239

TABLE 250            AUGMENTED REALITY MARKET IN ROW, BY APPLICATION,

2016–2019 (USD MILLION)           240

TABLE 251            AUGMENTED REALITY MARKET IN ROW, BY APPLICATION,

2020–2025 (USD MILLION)           240

TABLE 252            AUGMENTED REALITY MARKET IN ROW, BY REGION,

2016–2019 (USD MILLION)           240

TABLE 253            AUGMENTED REALITY MARKET IN ROW, BY REGION,

2020–2025 (USD MILLION)           241

TABLE 254            VIRTUAL REALITY MARKET IN ROW, BY APPLICATION,

2016–2019 (USD MILLION)           241

TABLE 255            VIRTUAL REALITY MARKET IN ROW, BY APPLICATION,

2020–2025 (USD MILLION)           241

TABLE 256            VIRTUAL REALITY MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)          241

TABLE 257            VIRTUAL REALITY MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)          242

11.5.1    MIDDLE EAST & AFRICA 242

11.5.1.1                Oil & gas and mining to fuel growth of AR and VR devices              242

11.5.2    SOUTH AMERICA             242

11.5.2.1                Growing consumer market to drive market growth          242

11.6        COVID-19 IMPACT ON MAJOR REGIONS                242

FIGURE 65           PRE-COVID-19 VS. POST-COVID-19 COMPARISON FOR NORTH AMERICAN AR MARKET   242

FIGURE 66           PRE-COVID-19 VS. POST-COVID-19 COMPARISON FOR APAC AR MARKET              243

FIGURE 67           PRE-COVID-19 VS. POST-COVID-19 COMPARISON FOR NORTH AMERICAN VR MARKET   243

FIGURE 68           PRE-COVID-19 VS. POST-COVID-19 COMPARISON FOR APAC VR MARKET              243

12           COMPETITIVE LANDSCAPE           245

12.1        INTRODUCTION                245

FIGURE 69           COMPANIES ADOPTED PRODUCT LAUNCHES & DEVELOPMENTS AS KEY GROWTH STRATEGY FROM 2017 TO 2020       245

FIGURE 70           COMPANIES ADOPTED PRODUCT LAUNCHES & DEVELOPMENTS AS KEY GROWTH STRATEGIES FROM 2017 TO 2020                246

12.2        MARKET SHARE: AR MARKET      247

FIGURE 71           MARKET SHARE FOR MOBILE AUGMENTED REALITY MARKET      247

12.3        MARKET SHARE: VR MARKET      248

FIGURE 72           MARKET SHARE FOR VR MARKET              248

12.4        RANKING FOR AR MARKET PLAYERS        248

FIGURE 73           RANKING OF THE TOP 5 PLAYERS IN AUGMENTED REALITY MARKET         248

12.5        RANKING FOR VR MARKET PLAYERS        250

FIGURE 74           RANKING OF TOP 5 PLAYERS IN VR MARKET        250

12.6        COMPETITIVE SCENARIO: AR MARKET    251

12.6.1    PRODUCT LAUNCHES & DEVELOPMENTS              251

TABLE 258            PRODUCT LAUNCHES & DEVELOPMENTS, 2018–2019       251

12.6.2    PARTNERSHIPS 252

TABLE 259            PARTNERSHIPS, 2018–2019          252

12.6.3    AGREEMENTS & COLLABORATIONS         252

TABLE 260            AGREEMENTS & COLLABORATIONS, 2018–2019 252

12.6.4    ACQUISITIONS AND EXPANSIONS            253

TABLE 261            ACQUISITIONS & EXPANSIONS, 2017–2019          253

12.7        COMPETITIVE SCENARIO: VR MARKET    253

12.7.1    PRODUCT LAUNCHES & DEVELOPMENTS              253

TABLE 262            PRODUCT LAUNCHES & DEVELOPMENTS: VR MARKET, 2017 TO 2020       253

12.7.2    PARTNERSHIPS 254

TABLE 263            PARTNERSHIPS: VR MARKET, 2017–2020               254

12.7.3    AGREEMENTS, COLLABORATIONS, AND CAPITAL FUNDING         255

TABLE 264            AGREEMENTS, COLLABORATIONS, AND CAPITAL FUNDING: VR MARKET, 2017–2020       255

12.7.4    ACQUISITIONS AND EXPANSIONS            255

TABLE 265            ACQUISITIONS AND EXPANSIONS: VR MARKET, 2017–2020          255

12.8        COMPANY EVALUATION QUADRANT: AR MARKET           256

12.8.1    STAR      256

12.8.2    EMERGING LEADER         256

12.8.3    PERVASIVE         256

12.8.4    PARTICIPANT     256

FIGURE 75           AR MARKET (GLOBAL) COMPANY EVALUATION QUADRANT        257

12.9        COMPANY EVALUATION QUADRANT: VR MARKET           258

12.9.1    STAR      258

12.9.2    EMERGING LEADER         258

12.9.3    PERVASIVE         258

12.9.4    PARTICIPANT     258

FIGURE 76           VR MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2019            259

12.10     STARTUP EVALUATION MATRIX: AR & VR MARKET           259

12.10.1  PROGRESSIVE COMPANIES         259

12.10.2  RESPONSIVE COMPANIES            259

12.10.3  DYNAMIC COMPANIES  259

12.10.4  STARTING BLOCKS           259

FIGURE 77           AR & VR MARKET (GLOBAL): SME EVALUATION MATRIX                259

 

13           COMPANY PROFILES      260

(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*

13.1        KEY PLAYERS      260

13.1.1    GOOGLE, INC.   260

FIGURE 78           GOOGLE, INC.: COMPANY SNAPSHOT    261

13.1.2    MICROSOFT       264

FIGURE 79           MICROSOFT: COMPANY SNAPSHOT        265

13.1.3    SONY     268

FIGURE 80           SONY: COMPANY SNAPSHOT     269

13.1.4    OCULUS VR (FACEBOOK)              272

13.1.5    SAMSUNG ELECTRONICS              275

FIGURE 81           SAMSUNG ELECTRONICS: COMPANY SNAPSHOT              275

13.1.6    HTC        278

FIGURE 82           HTC: COMPANY SNAPSHOT         278

13.1.7    APPLE   281

FIGURE 83           APPLE: COMPANY SNAPSHOT    281

13.1.8    PTC INC.               284

FIGURE 84           PTC INC.: COMPANY SNAPSHOT               284

13.1.9    SEIKO EPSON     286

FIGURE 85           SEIKO EPSON: COMPANY SNAPSHOT      286

13.1.10  LENOVO               289

FIGURE 86           LENOVO GROUP: COMPANY SNAPSHOT               289

13.1.11  WIKITUDE GMBH             291

13.1.12  EON REALITY      293

13.1.13  MAXST 296

13.1.14  MAGIC LEAP, INC.           299

13.1.15  BLIPPAR               300

13.1.16  UPSKILL                302

13.1.17  ATHEER INC.       304

13.1.18  VUZIX   305

FIGURE 87           VUZIX: COMPANY SNAPSHOT    305

13.1.19  CYBERGLOVE SYSTEMS  308

13.1.20  LEAP MOTION (ULTRALEAP)       310

13.1.21  SIXENSE ENTERPRISES    312

13.2        RIGHT TO WIN: AR MARKET        314

13.3        RIGHT TO WIN: VR MARKET        315

13.4        OTHER PLAYERS                316

13.4.1    NINTENDO          316

13.4.2    PSIOUS 316

13.4.3    MARXENT LABS, LLC       317

13.4.4    INGLOBE TECHNOLOGIES             317

13.4.5    META COMPANY             318

13.4.6    NIANTIC               318

13.4.7    AUGMENT          319

13.4.8    MINDMAZE        319

13.4.9    FIRSTHAND TECHNOLOGY            320

13.4.10  WORLDVIZ          320

13.4.11  VIRTUIX               321

13.4.12  SURVIOS              321

13.4.13  INTEL CORPORATION     322

13.4.14  REALWEAR          322

13.4.15  MERGE LABS      323

13.4.16  SPACEVR             323

13.4.17  VIRTUALLY LIVE                323

13.4.18  XIAOMI CORPORATION                324

13.4.19  PANASONIC CORPORATION       324

13.4.20  DYNABOOK AMERICAS, INC.       325

13.4.21  OPTINVENT        325

13.4.22  WAYRAY              326

13.4.23  SCOPE AR            326

13.4.24  CONTINENTAL   327

13.4.25  VISTEON CORPORATION              327

13.5        START-UP PLAYERS         328

13.5.1    TALEPSPIN          328

13.5.2    SCANTA               328

13.5.3    CRAFTARS           329

13.5.4    APPENTUS TECHNOLOGIES         329

13.5.5    BIDON GAMES STUDIO 329

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

14           APPENDIX           330

14.1        INSIGHTS OF INDUSTRY EXPERTS              330

14.2        DISCUSSION GUIDE        331

14.3        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL   334

14.4        AVAILABLE CUSTOMIZATIONS   336

14.5        RELATED REPORTS           336

14.6        AUTHOR DETAILS             337

 

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

Publisher:        MarketsandMarkets

# of Pages:        230

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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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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