by System Type, Application (Milk Harvesting, Feeding, Health), Offering (Hardware, Software, Services), Farm Type (Dairy, Swine, Poultry), Farm Size, and Geography
Publisher: MarketsandMarkets
# of Pages: 255
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Publication Date: November, 2020
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RPT43349
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TABLE OF CONTENTS
1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 DEFINITION AND SCOPE 34
1.2.1 INCLUSIONS AND EXCLUSIONS 35
1.2.1.1 INCLUSIONS AND EXCLUSIONS FOR OFFERING SEGMENT 35
1.2.1.2 INCLUSIONS AND EXCLUSIONS FOR SYSTEM TYPE SEGMENT 35
1.2.1.3 INCLUSIONS AND EXCLUSIONS FOR OTHER SEGMENTS 36
1.3 STUDY SCOPE 37
1.3.1 MARKETS COVERED 37
1.3.2 GEOGRAPHICAL SCOPE 38
1.3.3 YEARS CONSIDERED 38
1.4 SUMMARY OF CHANGES 39
1.5 CURRENCY 39
1.6 LIMITATIONS 39
1.7 STAKEHOLDERS 40
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 1 PRECISION LIVESTOCK FARMING MARKET: RESEARCH DESIGN 42
2.1.1 SECONDARY DATA 43
2.1.1.1 LIST OF MAJOR SECONDARY SOURCES 43
2.1.1.2 SECONDARY SOURCES 43
2.1.2 PRIMARY DATA 44
2.1.2.1 PRIMARY INTERVIEWS WITH EXPERTS 44
2.1.2.2 BREAKDOWN OF PRIMARIES 44
2.1.2.3 KEY DATA FROM PRIMARY SOURCES 45
2.1.3 SECONDARY AND PRIMARY RESEARCH 46
2.1.3.1 KEY INDUSTRY INSIGHTS 47
2.2 MARKET SIZE ESTIMATION 47
2.2.1 BOTTOM-UP APPROACH 48
2.2.1.1 APPROACH FOR CAPTURING MARKET SIZE BY BOTTOM-UP ANALYSIS 48
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 48
2.2.2 TOP-DOWN APPROACH 48
2.2.2.1 APPROACH FOR CAPTURING MARKET SIZE BY TOP-DOWN ANALYSIS 49
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 49
FIGURE 4 MARKET SIZE ESTIMATION: SUPPLY-SIDE APPROACH 50
FIGURE 5 MARKET SIZE ESTIMATION: DEMAND-SIDE APPROACH 51
TABLE 1 MARKET SIZE ESTIMATION: KEY ASSUMPTIONS (SYSTEM TYPE SEGMENT) 52
TABLE 2 MARKET SIZE ESTIMATION: KEY ASSUMPTIONS (OFFERING SEGMENT) 53
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 54
FIGURE 6 DATA TRIANGULATION 54
2.4 RESEARCH ASSUMPTIONS 55
3 EXECUTIVE SUMMARY 56
3.1 POST-COVID-19 : REALISTIC SCENARIO 56
3.2 POST-COVID-19: OPTIMISTIC SCENARIO 57
3.3 POST-COVID-19: PESSIMISTIC SCENARIO 57
FIGURE 7 PRECISION LIVESTOCK FARMING MARKET: PRE AND POST-COVID-19 SCENARIO ANALYSIS, 2016–2025 (USD MILLION) 58
FIGURE 8 SERVICES SEGMENT TO CAPTURE HIGHEST CAGR IN PRECISION LIVESTOCK FARMING MARKET FROM 2020 TO 2025 58
FIGURE 9 LIVESTOCK HEALTH & BEHAVIOR MONITORING APPLICATION SEGMENT TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 59
FIGURE 10 MILKING ROBOTIC SYSTEMS TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF PRECISION LIVESTOCK FARMING MARKET DURING FORECAST PERIOD 60
FIGURE 11 ASIA PACIFIC, FOLLOWED BY SOUTH AMERICA, EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 61
4 PREMIUM INSIGHTS 62
4.1 ATTRACTIVE OPPORTUNITIES IN PRECISION LIVESTOCK FARMING MARKET 62
FIGURE 12 INCREASING LABOR COST AND CONSOLIDATION OF LIVESTOCK FARMS IN DEVELOPED REGIONS TO PROPEL GROWTH OF PRECISION LIVESTOCK FARMING MARKET 62
4.2 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY SYSTEM TYPE AND COUNTRY 63
FIGURE 13 MILKING ROBOTIC SYSTEMS AND PRECISION FEEDING SYSTEMS AND CHINA HELD LARGEST SHARE OF PRECISION LIVESTOCK FARMING MARKET IN APAC 2019 63
4.3 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE 63
FIGURE 14 MILKING ROBOTIC SYSTEMS TO CONTINUE TO HOLD LARGEST SHARE OF PRECISION LIVESTOCK FARMING MARKET DURING 2020–2025 63
4.4 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING 64
FIGURE 15 HARDWARE SEGMENT EXPECTED TO DOMINATE PRECISION LIVESTOCK FARMING MARKET DURING FORECAST PERIOD 64
4.5 GEOGRAPHIC ANALYSIS OF PRECISION LIVESTOCK FARMING MARKET 64
FIGURE 16 EUROPE TO HOLD LARGEST MARKET SHARE FOR PRECISION LIVESTOCK FARMING MARKET FROM 2020 TO 2025 64
5 MARKET OVERVIEW 65
5.1 INTRODUCTION 65
5.2 MARKET DYNAMICS 65
FIGURE 17 PRECISION LIVESTOCK FARMING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 66
5.2.1 DRIVERS 66
5.2.1.1 IMPLEMENTATION OF IOT- AND AI-ENABLED DEVICES FOR LIVESTOCK MONITORING 66
FIGURE 18 LIVESTOCK RFID TAGS INSTALLED BASE, 2018–2032 (MILLION UNITS) 67
5.2.1.2 TRANSITION FROM PRECISION LIVESTOCK FARMING TO DECISION LIVESTOCK FARMING 67
5.2.1.3 SURGING LABOR COSTS AND RISING DEMAND FOR AUTOMATION IN LIVESTOCK INDUSTRY 68
5.2.1.4 INCREASING FOCUS ON REAL-TIME MONITORING AND EARLY DISEASE DETECTION 68
5.2.1.5 GROWING DEMAND FOR PROTEIN AND DAIRY PRODUCTS 69
TABLE 3 CHICKEN MEAT CONSUMPTION IN 2019 (KG PER PERSON/PER YEAR) 69
FIGURE 19 IMPACT ANALYSIS: DRIVERS 70
5.2.2 RESTRAINTS 70
5.2.2.1 HIGH UPFRONT COST AND MARGINAL RETURN ON INVESTMENT 70
FIGURE 20 PRICE TREND OF AUTOMATED MILKING ROBOTS, (USD THOUSAND),
2017–2025 71
5.2.2.2 LACK OF TECHNOLOGICAL AWARENESS AMONG LIVESTOCK FARMERS 71
FIGURE 21 IMPACT ANALYSIS: RESTRAINTS 72
5.2.3 OPPORTUNITIES 72
5.2.3.1 INCREASING ADOPTION OF LIVESTOCK MONITORING TECHNOLOGY IN DEVELOPING COUNTRIES 72
TABLE 4 GLOBAL TECHNOLOGY ADOPTION 73
5.2.3.2 INCREASING NUMBER OF DAIRY, POULTRY, AND SWINE FARMS 73
FIGURE 22 CATTLE INVENTORY OF MAJOR COUNTRIES IN 2019 (MILLION UNITS) 74
5.2.3.3 GROWING POPULARITY OF POULTRY ROBOTS AND BSC SMART CAMERAS 74
FIGURE 23 IMPACT ANALYSIS: OPPORTUNITIES 75
5.2.4 CHALLENGES 75
5.2.4.1 STRINGENT GOVERNMENT REGULATIONS AND TRADE BARRIERS 75
5.2.4.2 EMERGENCE & RE-EMERGENCE OF DISEASES AND ENVIRONMENTAL CONCERNS 76
FIGURE 24 IMPACT ANALYSIS: CHALLENGES 76
6 INDUSTRY TRENDS 77
6.1 INTRODUCTION 77
6.2 SUPPLY CHAIN ANALYSIS 77
FIGURE 25 SUPPLY CHAIN ANALYSIS: PRECISION LIVESTOCK FARMING MARKET 77
6.2.1 MAJOR MARKET PLAYERS IN PRECISION LIVESTOCK FARMING MARKET 78
6.3 TECHNOLOGY TRENDS 79
6.3.1 ADVENT OF AI AND BLOCKCHAIN IN LIVESTOCK FARMING TO PUSH MARKET EXPANSION 79
FIGURE 26 BLOCKCHAIN AND AI IN PRECISION LIVESTOCK FARMING 79
6.3.2 BODY CONDITIONING SCORING (BCS) SYSTEMS 80
TABLE 5 BODY CONDITIONING SCORING SYSTEMS FOR DAIRY COWS 80
TABLE 6 BODY CONDITIONING SCORING SYSTEMS: MAJOR ADVANTAGES 81
6.3.3 TECHNOLOGY ADOPTION IN DAIRY FARMS 81
FIGURE 27 MAJOR TECHNOLOGY TRENDS IN DAIRY FARMS 81
6.3.4 TECHNOLOGY ADOPTION IN POULTRY FARMS 82
TABLE 7 MAJOR TECHNOLOGY TRENDS IN POULTRY FARMS 82
6.4 AVERAGE SELLING PRICE ANALYSIS 83
TABLE 8 MILKING ROBOTS: AVERAGE SELLING PRICE ANALYSIS, 2019 VS 2025 83
FIGURE 28 MILKING ROBOTS: AVERAGE SELLING PRICE ANALYSIS, 2016–2025 83
TABLE 9 RFID TAGS & READERS: AVERAGE SELLING PRICE ANALYSIS, 2019 VS 2025 83
6.5 CASE STUDIES: PRECISION LIVESTOCK FARMING 84
6.5.1 CONNECTERRA: AI-BASED SOLUTION IMPROVING FARM PRODUCTIVITY 84
TABLE 10 CONNECTERRA INTELLIGENT DAIRY FARM SOLUTIONS 84
6.5.2 ALLFLEX: LIVESTOCK MONITORING SOLUTION IMPROVING BREEDING RATE IN DAIRY COWS 84
TABLE 11 ALLFLEX SOLUTIONS FOR DAIRY COW HEALTH MONITORING 84
6.5.3 LATIUM: RANCHERS IN GHANA REMOTELY MONITORING THEIR LIVESTOCK 85
TABLE 12 LATIUM: LIVESTOCK MONITORING SOLUTION 85
6.6 PRECISION LIVESTOCK FARMING: PATENT ANALYSIS 85
TABLE 13 PATENT ANALYSIS FOR LIVESTOCK IDENTIFICATION SYSTEMS BY ANIMAL BIOTECH LLC 85
TABLE 14 PATENT ANALYSIS FOR IDENTIFICATION DEVICES BY ALLFLEX INTERNATIONAL LIMITED 86
TABLE 15 PATENT ANALYSIS FOR LIVESTOCK EAR TAGS BY ALLFLEX INTERNATIONAL LIMITED 86
6.7 PRECISION LIVESTOCK FARMING MARKET: ECOSYSTEM MARKET MAP 87
FIGURE 29 PRECISION LIVESTOCK FARMING CONNECTED MARKET 87
7 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE 88
7.1 INTRODUCTION 89
TABLE 16 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE,
2016–2019 (USD MILLION) 89
FIGURE 30 POULTRY MONITORING AND ROBOTIC SYSTEMS SEGMENT IS EXPECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 90
TABLE 17 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE,
2020–2025 (USD MILLION) 90
7.2 MILKING ROBOTIC SYSTEMS 91
TABLE 18 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY OFFERING, 2016–2019 (USD MILLION) 91
TABLE 19 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY OFFERING, 2020–2025 (USD MILLION) 91
TABLE 20 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY REGION, 2016–2019 (USD MILLION) 92
FIGURE 31 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS IN APAC IS EXPECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 92
TABLE 21 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY REGION, 2020–2025 (USD MILLION) 92
TABLE 22 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY APPLICATION, 2016–2019 (USD MILLION) 93
TABLE 23 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY APPLICATION, 2020–2025 (USD MILLION) 93
TABLE 24 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY FARM SIZE, 2016–2019 (USD MILLION) 94
TABLE 25 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY FARM SIZE, 2020–2025 (USD MILLION) 94
7.2.1 SINGLE-STALL MILKING UNITS 94
7.2.1.1 SINGLE–STALL MILKING UNITS ARE MAINLY USED ACROSS SMALL AND MID-SIZED DAIRY FARMS 94
7.2.2 MULTI-STALL MILKING UNITS 94
7.2.2.1 NEWER MULTI-STALL MILKING UNITS CAN MILK UP TO 500 COWS AT A TIME 94
7.2.3 AUTOMATED MILKING ROTARY 95
7.2.3.1 HIGH-CAPACITY AMR SYSTEMS PROVIDE ADDITIONAL INFORMATION THAT CAN BE USED TO MONITOR AND ANALYZE HERD PERFORMANCE 95
TABLE 26 GLOBAL MILKING ROBOTS SALES VOLUME, 2016–2019 (UNITS) 95
TABLE 27 GLOBAL MILKING ROBOTS SALES VOLUME, 2020–2025 (UNITS) 95
7.3 PRECISION FEEDING SYSTEMS 95
7.3.1 INCREASING ADOPTION OF FEEDING ROBOTS TO MITIGATE LABOR SHORTAGE ISSUE EXPECTED TO PROPEL THE MARKET GROWTH 95
TABLE 28 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY OFFERING, 2016–2019 (USD MILLION) 96
FIGURE 32 SERVICES SEGMENT TO GROW AT HIGHEST CAGR IN PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS DURING 2020–2025 96
TABLE 29 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY OFFERING, 2020–2025 (USD MILLION) 97
TABLE 30 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY APPLICATION, 2016–2019 (USD MILLION) 97
TABLE 31 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY APPLICATION, 2020–2025 (USD MILLION) 98
TABLE 32 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY FARM TYPE, 2016–2019 (USD MILLION) 98
TABLE 33 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY FARM TYPE, 2020–2025 (USD MILLION) 98
TABLE 34 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY FARM SIZE, 2016–2019 (USD MILLION) 99
FIGURE 33 SMALL FARMS SEGMENT TO EXHIBIT HIGHEST GROWTH RATE IN PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS DURING FORECAST PERIOD 99
TABLE 35 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY FARM SIZE, 2020–2025 (USD MILLION) 99
TABLE 36 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY REGION, 2016–2019 (USD MILLION) 100
TABLE 37 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY REGION, 2020–2025 (USD MILLION) 100
7.4 LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS 101
7.4.1 INCREASING ADOPTION OF ACTIVE RFID TAGS ON MEDIUM TO LARGE LIVESTOCK FARMS TO ACCELERATE DEMAND FOR LIVESTOCK IDENTIFICATION & TRACKING DEVICES 101
TABLE 38 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY OFFERING,
2016–2019 (USD MILLION) 101
TABLE 39 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY OFFERING,
2020–2025 (USD MILLION) 101
TABLE 40 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY APPLICATION,
2016–2019 (USD MILLION) 102
FIGURE 34 FEEDING MANAGEMENT SEGMENT TO GROW AT HIGHEST CAGR IN PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS DURING FORECAST PERIOD 102
TABLE 41 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY APPLICATION,
2020–2025 (USD MILLION) 103
TABLE 42 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY FARM TYPE,
2016–2019 (USD MILLION) 103
TABLE 43 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY FARM TYPE,
2020–2025 (USD MILLION) 103
TABLE 44 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY FARM SIZE,
2016–2019 (USD MILLION) 104
TABLE 45 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY FARM SIZE,
2020–2025 (USD MILLION) 104
TABLE 46 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY REGION,
2016–2019 (USD MILLION) 104
TABLE 47 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY REGION,
2020–2025 (USD MILLION) 105
7.5 POULTRY MONITORING AND ROBOTIC SYSTEMS 105
7.5.1 POULTRY MONITORING AND ROBOTICS SYSTEMS TO WITNESS A HIGH GROWTH DURING FORECAST PERIOD 105
TABLE 48 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY OFFERING, 2016–2019 (USD MILLION) 106
FIGURE 35 SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTICS SYSTEM DURING THE FORECAST PERIOD 106
TABLE 49 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY OFFERING, 2020–2025 (USD MILLION) 106
TABLE 50 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY APPLICATION, 2016–2019 (USD MILLION) 107
TABLE 51 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY APPLICATION, 2020–2025 (USD MILLION) 107
TABLE 52 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY FARM SIZE, 2016–2019 (USD MILLION) 108
TABLE 53 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY FARM SIZE, 2020–2025 (USD MILLION) 108
TABLE 54 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTICS SYSTEMS, BY REGION, 2016–2019 (USD MILLION) 108
TABLE 55 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTICS SYSTEMS, BY REGION, 2020–2025 (USD MILLION) 109
8 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING 110
8.1 INTRODUCTION 111
TABLE 56 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING,
2016–2019 (USD MILLION) 111
FIGURE 36 PRECISION LIVESTOCK MARKET FOR SERVICES EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 112
TABLE 57 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING,
2020–2025 (USD MILLION) 112
8.2 HARDWARE 113
TABLE 58 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY TYPE,
2016–2019 (USD MILLION) 113
TABLE 59 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY TYPE,
2020–2025 (USD MILLION) 114
TABLE 60 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 114
TABLE 61 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 115
TABLE 62 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY REGION, 2016–2019 (USD MILLION) 115
FIGURE 37 PRECISION LIVESTOCK MARKET IN APAC EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 116
TABLE 63 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY REGION, 2020–2025 (USD MILLION) 116
8.2.1 ROBOTICS HARDWARE 117
8.2.1.1 INCREASING HERD SIZE OF DAIRY FARMS AND RISING LABOR COSTS EXPECTED TO PROPEL GROWTH OF ROBOTICS HARDWARE COMPONENT 117
TABLE 64 PRECISION LIVESTOCK FARMING MARKET FOR ROBOTICS HARDWARE,
BY REGION, 2016–2019 (USD MILLION) 117
TABLE 65 PRECISION LIVESTOCK FARMING MARKET FOR ROBOTICS HARDWARE,
BY REGION, 2020–2025 (USD MILLION) 117
8.2.2 RFID TAGS & READERS 118
8.2.2.1 RISING ADOPTION OF LOW-FREQUENCY RFID TAGS FOR IDENTIFICATION & TRACKING OF LIVESTOCK TO DRIVE MARKET GROWTH 118
TABLE 66 PRECISION LIVESTOCK FARMING MARKET FOR RFID TAGS & READERS,
BY REGION, 2016–2019 (USD MILLION) 118
TABLE 67 PRECISION LIVESTOCK FARMING MARKET FOR RFID TAGS & READERS,
BY REGION, 2020–2025 (USD MILLION) 118
8.2.3 SENSORS 119
8.2.3.1 SENSORS ARE GAINING POPULARITY AMONG SMALL FARMS IN PRECISION LIVESTOCK FARMING MARKET 119
TABLE 68 PRECISION LIVESTOCK FARMING MARKET FOR SENSORS, BY REGION, 2016–2019 (USD MILLION) 119
TABLE 69 PRECISION LIVESTOCK FARMING MARKET FOR SENSORS, BY REGION, 2020–2025 (USD MILLION) 119
8.2.3.2 TEMPERATURE SENSORS 120
8.2.3.3 ACCELEROMETER SENSORS 120
8.2.3.4 MOTION SENSORS 120
8.2.3.5 ENVIRONMENTAL HUMIDITY SENSORS 120
8.2.3.6 OTHERS 120
8.2.4 CAMERAS 120
8.2.4.1 GROWING AWARENESS AMONG RANCHERS FOR REMOTE MONITORING OF LIVESTOCK EXPECTED TO PROPEL ADOPTION OF CAMERAS 120
8.2.5 GPS 121
8.2.5.1 SURGING DEMAND FOR LIVESTOCK LOCATION TRACKING IS MAJOR FACTOR DRIVING GROWTH OF GPS MARKET 121
8.2.6 OTHERS 121
8.3 SOFTWARE 121
TABLE 70 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY TYPE,
2016–2019 (USD MILLION) 121
FIGURE 38 PRECISION LIVESTOCK MARKET FOR AI AND DATA ANALYTICS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 122
TABLE 71 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY TYPE,
2020–2025 (USD MILLION) 122
TABLE 72 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 122
TABLE 73 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 123
TABLE 74 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY REGION, 2016–2019 (USD MILLION) 123
TABLE 75 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY REGION, 2020–2025 (USD MILLION) 124
8.3.1 ON-CLOUD 124
8.3.1.1 CLOUD-BASED SOFTWARE SOLUTIONS ARE FLEXIBLE, SCALABLE, AND AFFORDABLE 124
8.3.2 ON-PREMISE 124
8.3.2.1 ON-PREMISE SOFTWARE IS BENEFICIAL FOR ORGANIZATIONS MIGRATING FROM ONE SYSTEM TO ANOTHER 124
8.3.3 AI AND DATA ANALYTICS 125
8.3.3.1 AI AND DATA ANALYTICS TO DRIVE THE DECISION MAKING OF LIVESTOCK FARM OWNERS 125
8.4 SERVICES 125
8.4.1 SERVICES ARE WITNESSING HIGH GROWTH IN PRECISION LIVESTOCK FARMING MARKET OWING TO INCREASING DEPLOYMENT OF LIVESTOCK FARMING DEVICES AND EQUIPMENT 125
TABLE 76 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY TYPE,
2016–2019 (USD MILLION) 125
FIGURE 39 PRECISION LIVESTOCK MARKET FOR SYSTEM INTEGRATION AND CONSULTING IS EXPECTED TO HOLD LARGEST SIZE IN 2025 126
TABLE 77 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY TYPE,
2020–2025 (USD MILLION) 126
TABLE 78 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 127
TABLE 79 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 127
TABLE 80 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY REGION, 2016–2019 (USD MILLION) 127
TABLE 81 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY REGION, 2020–2025 (USD MILLION) 128
8.4.2 SYSTEM INTEGRATION & CONSULTING 128
8.4.3 MANAGED SERVICES 128
8.4.4 MAINTENANCE AND SUPPORT SERVICES 129
9 PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE 130
9.1 INTRODUCTION 131
TABLE 82 PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE,
2016–2019 (USD MILLION) 131
FIGURE 40 POULTRY FARMS SEGMENT IS EXPECTED TO REGISTER HIGHEST CAGR IN PRECISION LIVESTOCK FARMING MARKET DURING FORECAST PERIOD 131
TABLE 83 PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE,
2020–2025 (USD MILLION) 132
9.2 DAIRY FARMS 132
9.2.1 MILKING ROBOTICS SYSTEMS ARE WIDELY USED IN LARGE FARMS 132
TABLE 84 PRECISION LIVESTOCK FARMING MARKET FOR DAIRY FARMS,
BY SYSTEM TYPE, 2016–2019 (USD MILLION) 133
TABLE 85 PRECISION LIVESTOCK FARMING MARKET FOR DAIRY FARMS,
BY SYSTEM TYPE, 2020–2025 (USD MILLION) 133
9.3 SWINE FARMS 134
9.3.1 RFID AND CAMERAS ARE MAINLY USED TO MONITOR SWINE HEALTH AND BODY TEMPERATURE ACROSS SWINE FARMS 134
TABLE 86 PRECISION LIVESTOCK FARMING MARKET FOR SWINE FARMS,
BY SYSTEM TYPE, 2016–2019 (USD MILLION) 134
FIGURE 41 LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS SEGMENT TO GROW AT HIGHEST RATE IN PRECISION LIVESTOCK FARMING MARKET FOR SWINE FARMS DURING FORECAST PERIOD 134
TABLE 87 PRECISION LIVESTOCK FARMING MARKET FOR SWINE FARMS,
BY SYSTEM TYPE, 2020–2025 (USD MILLION) 135
9.4 POULTRY FARMS 135
9.4.1 PRECISION LIVESTOCK FARMING SOLUTIONS SUCH AS CAMERAS ARE PREDOMINANTLY USED IN POULTRY FARMS 135
TABLE 88 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY FARMS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 135
TABLE 89 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY FARMS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 136
9.5 OTHERS 136
TABLE 90 PRECISION LIVESTOCK FARMING MARKET FOR OTHER FARMS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 136
FIGURE 42 LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS SEGMENT TO GROW AT HIGHER CAGR IN PRECISION LIVESTOCK FARMING MARKET FOR OTHER FARMS DURING FORECAST PERIOD 137
TABLE 91 PRECISION LIVESTOCK FARMING MARKET FOR OTHER FARMS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 137
10 PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE 138
10.1 INTRODUCTION 139
TABLE 92 PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE,
2016–2019 (USD MILLION) 139
FIGURE 43 PRECISION LIVESTOCK FARMING MARKET FOR SMALL FARMS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 139
TABLE 93 PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE,
2020–2025 (USD MILLION) 140
10.2 SMALL FARMS 140
10.2.1 SMALL FARMS TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD 140
TABLE 94 PRECISION LIVESTOCK FARMING MARKET FOR SMALL FARMS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 141
TABLE 95 PRECISION LIVESTOCK FARMING MARKET FOR SMALL FARMS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 141
10.3 MID-SIZED FARMS 141
10.3.1 ADOPTION OF PRECISION LIVESTOCK FARMING TECHNOLOGY IS MOST COMMON IN MID-SIZED FARMS 141
TABLE 96 PRECISION LIVESTOCK FARMING MARKET FOR MID-SIZED FARMS,
BY SYSTEM TYPE, 2016–2019 (USD MILLION) 142
FIGURE 44 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS IN MID-SIZED FARMS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 142
TABLE 97 PRECISION LIVESTOCK FARMING MARKET FOR MID-SIZED FARMS,
BY SYSTEM TYPE, 2020–2025 (USD MILLION) 143
10.4 LARGE FARMS 143
10.4.1 LARGE FARMS ACCOUNTED FOR LARGEST MARKET SHARE IN 2019 143
TABLE 98 PRECISION LIVESTOCK FARMING MARKET FOR LARGE FARMS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 144
FIGURE 45 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS IN LARGE FARMS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 144
TABLE 99 PRECISION LIVESTOCK FARMING MARKET FOR LARGE FARMS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 145
11 PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION 146
11.1 INTRODUCTION 147
TABLE 100 PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 147
FIGURE 46 MARKET FOR LIVESTOCK BEHAVIOR & HEALTH MONITORING APPLICATION TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 148
TABLE 101 PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 148
11.2 MILK HARVESTING 149
11.2.1 RISING DEMAND FOR MILKING ROBOTS ON DAIRY FARMS TO PROPEL GROWTH OF MARKET FOR MILK HARVESTING APPLICATION 149
TABLE 102 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING,
BY SYSTEM TYPE, 2016–2019 (USD MILLION) 149
FIGURE 47 MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS FOR MILK HARVESTING APPLICATION TO GROW AT HIGHER CAGR FROM 2020 TO 2025 149
TABLE 103 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING,
BY SYSTEM TYPE, 2020–2025 (USD MILLION) 150
TABLE 104 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING, BY FARM SIZE, 2016–2019 (USD MILLION) 150
TABLE 105 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING, BY FARM SIZE, 2020–2025 (USD MILLION) 150
TABLE 106 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING,
BY REGION, 2016–2019 (USD MILLION) 151
TABLE 107 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING,
BY REGION, 2020–2025 (USD MILLION) 151
11.3 FEEDING MANAGEMENT 152
11.3.1 INCREASING AWARENESS AMONG DAIRY FARM OWNERS FOR ACCURATE DIET FORMULATION 152
TABLE 108 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY SYSTEM TYPE, 2016–2019 (USD MILLION) 152
FIGURE 48 PRECISION FEEDING SYSTEMS TO HOLD LARGEST SHARE OF MARKET FOR FEEDING MANAGEMENT APPLICATIONS DURING FORECAST PERIOD 153
TABLE 109 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY SYSTEM TYPE, 2020–2025 (USD MILLION) 153
TABLE 110 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY FARM SIZE, 2016–2019 (USD MILLION) 153
TABLE 111 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY FARM SIZE, 2020–2025 (USD MILLION) 154
TABLE 112 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY REGION, 2016–2019 (USD MILLION) 154
TABLE 113 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY REGION, 2020–2025 (USD MILLION) 154
11.4 LIVESTOCK BEHAVIOR AND HEALTH MONITORING 155
11.4.1 INCREASING AWARENESS AMONG RANCHERS AND DAIRY FARM OWNERS TO TRACK HEAT DETECTION AND EARLY DISEASE IDENTIFICATION 155
TABLE 114 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 155
TABLE 115 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY SYSTEM TYPE, 2020–20255 (USD MILLION) 156
TABLE 116 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY FARM SIZE, 2016–2019 (USD MILLION) 156
FIGURE 49 MARKET FOR MID-SIZED FARMS TO GROW AT HIGHEST RATE FOR LIVESTOCK HEALTH AND BEHAVIOR MONITORING DURING FORECAST PERIOD 157
TABLE 117 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY FARM SIZE, 2020–2025 (USD MILLION) 157
TABLE 118 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY REGION, 2016–2019 (USD MILLION) 157
TABLE 119 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY REGION, 2020–2025 (USD MILLION) 158
11.5 OTHERS 158
TABLE 120 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 158
TABLE 121 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 159
TABLE 122 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY FARM SIZE, 2016–2019 (USD MILLION) 159
TABLE 123 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY FARM SIZE, 2020–2025 (USD MILLION) 159
TABLE 124 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY REGION,
2016–2019 (USD MILLION) 160
FIGURE 50 MARKET IN APAC TO GROW AT HIGHEST RATE FOR OTHER APPLICATIONS DURING FORECAST PERIOD 160
TABLE 125 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY REGION,
2020–2025 (USD MILLION) 161
12 PRECISION LIVESTOCK FARMING MARKET, BY GEOGRAPHY 162
12.1 INTRODUCTION 163
FIGURE 51 GEOGRAPHIC SNAPSHOT: PRECISION LIVESTOCK FARMING MARKET IN MEXICO TO WITNESS HIGHEST CAGR FROM 2020 TO 2025 163
TABLE 126 PRECISION LIVESTOCK FARMING MARKET, BY REGION,
2016–2019 (USD MILLION) 164
TABLE 127 PRECISION LIVESTOCK FARMING MARKET, BY REGION,
2020–2025 (USD MILLION) 164
12.2 AMERICAS 165
FIGURE 52 AMERICAS: PRECISION LIVESTOCK FARMING MARKET SNAPSHOT 165
TABLE 128 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY REGION,
2016–2019 (USD MILLION) 166
TABLE 129 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY REGION,
2020–2025 (USD MILLION) 166
TABLE 130 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 166
TABLE 131 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 167
TABLE 132 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY FARM TYPE, 2016–2019 (USD MILLION) 167
TABLE 133 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY FARM TYPE, 2020–2025 (USD MILLION) 167
TABLE 134 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY FARM SIZE, 2016–2019 (USD MILLION) 168
TABLE 135 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY FARM SIZE, 2020–2025 (USD MILLION) 168
TABLE 136 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY OFFERING, 2016–2019 (USD MILLION) 168
TABLE 137 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY OFFERING, 2020–2025 (USD MILLION) 169
TABLE 138 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY APPLICATION, 2016–2019 (USD MILLION) 169
TABLE 139 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY APPLICATION, 2020–2025 (USD MILLION) 170
12.2.1 IMPACT OF COVID-19 ON AMERICAS 170
FIGURE 53 PRE- AND POST-COVID-19 ANALYSIS: AMERICAS PRECISION LIVESTOCK FARMING MARKET 171
12.2.2 NORTH AMERICA 171
TABLE 140 PRECISION LIVESTOCK FARMING MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 171
TABLE 141 PRECISION LIVESTOCK FARMING MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 172
TABLE 142 PRECISION LIVESTOCK FARMING MARKET IN NORTH AMERICA, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 172
TABLE 143 PRECISION LIVESTOCK FARMING MARKET IN NORTH AMERICA, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 173
12.2.2.1 US 173
12.2.2.1.1 US TO REMAIN LARGEST MARKET FOR PRECISION LIVESTOCK FARMING IN NORTH AMERICA 173
12.2.2.2 CANADA 174
12.2.2.2.1 DAIRY INDUSTRY GENERATES SUBSTANTIAL DEMAND FOR PRECISION LIVESTOCK FARMING SOLUTIONS IN CANADA 174
12.2.2.3 MEXICO 174
12.2.2.3.1 GROWING CATTLE INDUSTRY IN MEXICO DRIVES DEMAND FOR PRECISION LIVESTOCK FARMING 174
12.2.3 SOUTH AMERICA 175
TABLE 144 PRECISION LIVESTOCK FARMING MARKET IN SOUTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 175
TABLE 145 PRECISION LIVESTOCK FARMING MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 175
TABLE 146 PRECISION LIVESTOCK FARMING MARKET IN SOUTH AMERICA, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 176
TABLE 147 PRECISION LIVESTOCK FARMING MARKET IN SOUTH AMERICA, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 176
12.2.3.1 BRAZIL 177
12.2.3.1.1 RAPID ADOPTION OF PRECISION LIVESTOCK FARMING TECHNOLOGY
BY COMMERCIAL FARMERS TO PROVIDE OPPORTUNITIES FOR MARKET IN BRAZIL 177
12.2.3.2 ARGENTINA 177
12.2.3.2.1 LARGE CATTLE POPULATION CAN ACCELERATE GROWTH OF LIVESTOCK IDENTIFICATION, MONITORING AND TRACKING DEVICES 177
12.2.3.3 REST OF SOUTH AMERICA 177
12.3 EUROPE 177
FIGURE 54 EUROPE: PRECISION LIVESTOCK FARMING MARKET SNAPSHOT 178
12.3.1 IMPACT OF COVID-19 ON EUROPE 178
FIGURE 55 PRE- AND POST-COVID-19 ANALYSIS: PRECISION LIVESTOCK FARMING MARKET IN EUROPE 179
TABLE 148 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY COUNTRY,
2016–2019 (USD MILLION) 180
TABLE 149 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY COUNTRY,
2020–2025 (USD MILLION) 180
TABLE 150 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 181
TABLE 151 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 181
TABLE 152 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY OFFERING,
2016–2019 (USD MILLION) 181
TABLE 153 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY OFFERING,
2020–2025 (USD MILLION) 182
TABLE 154 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY FARM TYPE,
2016–2019 (USD MILLION) 182
TABLE 155 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY FARM TYPE,
2020–2025 (USD MILLION) 182
TABLE 156 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY FARM SIZE,
2016–2019 (USD MILLION) 183
TABLE 157 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY FARM SIZE,
2020–2025 (USD MILLION) 183
TABLE 158 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY APPLICATION, 2016–2019 (USD MILLION) 184
TABLE 159 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION) 184
12.3.2 UK 184
12.3.2.1 ESTABLISHED MILK AND MEAT INDUSTRIES SUPPORT ADOPTION OF PRECISION LIVESTOCK TECHNOLOGIES IN UK 184
12.3.3 GERMANY 185
12.3.3.1 GERMANY HELD LARGEST SHARE OF PRECISION LIVESTOCK FARMING MARKET IN EUROPE IN 2019 185
12.3.4 FRANCE 185
12.3.4.1 GROWING NUMBER OF LIVESTOCK FARMS TO DRIVE GROWTH OF PRECISION LIVESTOCK FARMING MARKET IN FRANCE 185
12.3.5 DENMARK 185
12.3.5.1 HIGH ADOPTION OF AUTOMATED MILK HARVESTING SYSTEMS IN DENMARK EXPECTED TO PROPEL GROWTH OF PRECISION LIVESTOCK FARMING MARKET 185
12.3.6 SWEDEN 186
12.3.6.1 INTENSIVE MEAT AND DAIRY PRODUCTION IN SWEDEN BOOSTS PRECISION LIVESTOCK FARMING MARKET GROWTH 186
12.3.7 NETHERLANDS 186
12.3.7.1 INCREASING HERD SIZE AND RISING LABOR COST DRIVE DEMAND FOR PRECISION LIVESTOCK FARMING SOLUTIONS IN NETHERLANDS 186
12.3.8 REST OF EUROPE 186
12.4 APAC 187
FIGURE 56 APAC: PRECISION LIVESTOCK FARMING MARKET SNAPSHOT 187
12.4.1 IMPACT OF COVID-19 ON APAC 188
FIGURE 57 PRE- AND POST-COVID-19 ANALYSIS: PRECISION LIVESTOCK FARMING MARKET IN APAC 188
TABLE 160 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY COUNTRY,
2016–2019 (USD MILLION) 189
TABLE 161 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY COUNTRY,
2020–2025 (USD MILLION) 189
TABLE 162 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY SYSTEM TYPE,
2016–2019 (USD MILLION) 190
TABLE 163 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY SYSTEM TYPE,
2020–2025 (USD MILLION) 190
TABLE 164 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY OFFERING,
2016–2019 (USD MILLION) 190
TABLE 165 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY OFFERING,
2020–2025 (USD MILLION) 191
TABLE 166 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY FARM TYPE,
2016–2019 (USD MILLION) 191
TABLE 167 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY FARM TYPE,
2020–2025 (USD MILLION) 191
TABLE 168 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY FARM SIZE,
2016–2019 (USD MILLION) 192
TABLE 169 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY FARM SIZE,
2020–2025 (USD MILLION) 192
TABLE 170 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY APPLICATION,
2016–2019 (USD MILLION) 192
TABLE 171 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY APPLICATION,
2020–2025 (USD MILLION) 193
12.4.2 CHINA 193
12.4.2.1 CHINA HELD LARGEST SHARE OF PRECISION LIVESTOCK FARMING MARKET IN APAC IN 2019 193
12.4.3 JAPAN 194
12.4.3.1 AGING WORKFORCE AND GOVERNMENT SUBSIDIES FOR INSTALLING AUTOMATED SYSTEMS IN FARMING BOOSTS PRECISION LIVESTOCK FARMING MARKET GROWTH IN JAPAN 194
12.4.4 INDIA 194
12.4.4.1 PRECISION LIVESTOCK FARMING MARKET IN INDIA PROJECTED TO GROW AT HIGHEST RATE FROM 2020 TO 2025 194
12.4.5 AUSTRALIA & NEW ZEALAND 195
12.4.5.1 AUSTRALIA & NEW ZEALAND ACCOUNTED FOR SECOND-LARGEST MARKET SHARE IN APAC IN 2019 195
12.4.6 REST OF APAC 195
12.5 ROW 196
12.5.1 IMPACT OF COVID-19 ON ROW 196
FIGURE 58 PRE- AND POST-COVID-19 ANALYSIS: PRECISION LIVESTOCK FARMING MARKET IN ROW 196
TABLE 172 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY REGION,
2016–2019 (USD MILLION) 197
TABLE 173 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY REGION,
2020–2025 (USD MILLION) 197
TABLE 174 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY SYSTEM TYPE,
2016–2019 (USD MILLION) 197
TABLE 175 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY SYSTEM TYPE,
2020–2025 (USD MILLION) 198
TABLE 176 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY OFFERING,
2016–2019 (USD MILLION) 198
TABLE 177 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY OFFERING,
2020–2025 (USD MILLION) 198
TABLE 178 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY FARM TYPE,
2016–2019 (USD MILLION) 199
TABLE 179 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY FARM TYPE,
2020–2025 (USD MILLION) 199
TABLE 180 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY FARM SIZE,
2016–2019 (USD MILLION) 199
TABLE 181 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY FARM SIZE,
2020–2025 (USD MILLION) 200
TABLE 182 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY APPLICATION,
2016–2019 (USD MILLION) 200
TABLE 183 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY APPLICATION,
2020–2025 (USD MILLION) 200
12.5.2 MIDDLE EAST 201
12.5.2.1 PRECISION LIVESTOCK FARMING MARKET IN MIDDLE EAST EXPECTED TO HOLD LARGER MARKET SHARE BY 2025 201
12.5.3 AFRICA 201
12.5.3.1 INVESTMENTS TOWARDS DEVELOPMENT OF NEW COMMERCIAL FARMING ENTERPRISES TO FAVOR PRECISION LIVESTOCK FARMING MARKET IN AFRICA 201
13 COMPETITIVE LANDSCAPE 202
13.1 INTRODUCTION 202
FIGURE 59 COMPANIES ADOPTED COLLABORATIONS, AGREEMENTS, AND PARTNERSHIPS AS KEY GROWTH STRATEGIES 203
13.2 MARKET SHARE ANALYSIS 204
TABLE 184 MARKET SHARE OF TOP 5 PLAYERS FOR MILKING ROBOTIC SYSTEMS IN PRECISION LIVESTOCK FARMING MARKET IN 2019 204
FIGURE 60 MARKET RANKING OF TOP 5 PLAYERS IN PRECISION LIVESTOCK FARMING MARKET (2019) 205
13.3 COMPANY HISTORICAL REVENUE, 2015–2019 206
TABLE 185 PRECISION LIVESTOCK FARMING MARKET :COMPANY REVENUE,
2015–2019 (USD MILLION) 206
13.4 COMPANY EVALUATION QUADRANT 206
13.4.1 STARS 206
13.4.2 PERVASIVE 206
13.4.3 EMERGING LEADERS 207
13.4.4 PARTICIPANT 207
FIGURE 61 PRECISION LIVESTOCK FARMING MARKET (GLOBAL)
COMPETITIVE LEADERSHIP MAPPING, 2019 207
13.5 STARTUP EVALUATION MATRIX 208
13.5.1 PROGRESSIVE COMPANIES 208
13.5.2 RESPONSIVE COMPANIES 208
13.5.3 DYNAMIC COMPANIES 208
13.5.4 STARTING BLOCKS 208
FIGURE 62 PRECISION LIVESTOCK FARMING MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, STARTUP ECOSYSTEM, 2019 209
13.6 MARKET EVALUATION FRAMEWORK 210
FIGURE 63 PRODUCT LAUNCHES/DEVELOPMENTS, PARTNERSHIPS, AND CONTRACTS WERE KEY STRATEGIES ADOPTED BY MARKET PLAYERS FROM 2018 TO 2020 210
13.7 COMPETITIVE SCENARIO 211
13.7.1 PRODUCT LAUNCHES & DEVELOPMENTS 211
TABLE 186 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020 211
13.7.2 AGREEMENTS, EXPANSIONS, PARTNERSHIPS, AND COLLABORATIONS 213
TABLE 187 PARTNERSHIPS, EXPANSIONS, AGREEMENTS, AND COLLABORATIONS, 2018-2020 213
13.7.3 MERGERS AND ACQUISITIONS 215
TABLE 188 MERGERS AND ACQUISITIONS, 2018–2019 215
14 COMPANY PROFILES 216
(BUSINESS OVERVIEW, PRODUCTS/SOLUTIONS/SERVICES OFFERED, RECENT DEVELOPMENTS, SWOT ANALYSIS, AND MNM VIEW)*
14.1 KEY PLAYERS 216
14.1.1 DELAVAL (SUBSIDIARY OF TETRA LAVAL INTERNATIONAL) 216
FIGURE 64 DELAVAL: COMPANY SNAPSHOT 216
14.1.2 ALLFLEX (SUBSIDIARY OF MERCK & CO., INC.) 220
14.1.3 GEA FARM TECHNOLOGY (GEA GROUP AG) 223
FIGURE 65 GEA FARM TECHNOLOGY (SUBSIDIARY OF GEA GROUP):
COMPANY SNAPSHOT 223
14.1.4 AFIMILK 227
14.1.5 BOUMATIC 230
14.1.6 LELY INTERNATIONAL 234
14.1.7 DAIRYMASTER 236
14.1.8 LIVESTOCK IMPROVEMENT CORPORATION (LIC) 238
FIGURE 66 LIVESTOCK IMPROVEMENT CORPORATION: COMPANY SNAPSHOT 238
14.1.9 FANCOM (SUBSIDIARY OF CTB INTERNATIONAL CORP.) 240
14.1.10 FULLWOOD PACKO 242
14.1.11 NEDAP LIVESTOCK MANAGEMENT 244
FIGURE 67 NEDAP LIVESTOCK MANAGEMENT: COMPANY SNAPSHOT 244
14.1.12 WAIKATO MILKING SYSTEMS 246
14.2 STARTUP ECOSYSTEM 248
14.2.1 CONNECTERRA 248
14.2.2 CAINTHUS 249
14.2.3 FAROMATICS 249
14.2.4 TIBOT TECHNOLOGIES 250
14.2.5 MI ROBOT 250
14.2.6 FARM CONTROL 251
14.2.7 MOOCALL 251
14.2.8 SCIO+ 252
14.3 OTHER PLAYERS 253
14.3.1 HOKOFARM GROUP 253
14.3.2 TRIOLIET 253
14.3.3 BIG DUTCHMAN 254
14.3.4 VDL AGROTECH (VDL GROEP) 254
14.3.5 ICEROBOTICS 255
14.3.6 HID GLOBAL 255
14.3.7 ALEIS 256
14.4 RIGHT TO WIN 257
*DETAILS ON BUSINESS OVERVIEW, PRODUCTS/SOLUTIONS/SERVICES OFFERED, RECENT DEVELOPMENTS, SWOT ANALYSIS, AND MNM VIEW MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.
15 APPENDIX 258
15.1 INSIGHTS FROM INDUSTRY EXPERTS 258
15.2 DISCUSSION GUIDE 259
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 261
15.4 AVAILABLE CUSTOMIZATION 263
15.5 RELATED REPORTS 263
15.6 AUTHOR DETAILS 264
TABLE OF CONTENTS
1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 DEFINITION AND SCOPE 34
1.2.1 INCLUSIONS AND EXCLUSIONS 35
1.2.1.1 INCLUSIONS AND EXCLUSIONS FOR OFFERING SEGMENT 35
1.2.1.2 INCLUSIONS AND EXCLUSIONS FOR SYSTEM TYPE SEGMENT 35
1.2.1.3 INCLUSIONS AND EXCLUSIONS FOR OTHER SEGMENTS 36
1.3 STUDY SCOPE 37
1.3.1 MARKETS COVERED 37
1.3.2 GEOGRAPHICAL SCOPE 38
1.3.3 YEARS CONSIDERED 38
1.4 SUMMARY OF CHANGES 39
1.5 CURRENCY 39
1.6 LIMITATIONS 39
1.7 STAKEHOLDERS 40
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 1 PRECISION LIVESTOCK FARMING MARKET: RESEARCH DESIGN 42
2.1.1 SECONDARY DATA 43
2.1.1.1 LIST OF MAJOR SECONDARY SOURCES 43
2.1.1.2 SECONDARY SOURCES 43
2.1.2 PRIMARY DATA 44
2.1.2.1 PRIMARY INTERVIEWS WITH EXPERTS 44
2.1.2.2 BREAKDOWN OF PRIMARIES 44
2.1.2.3 KEY DATA FROM PRIMARY SOURCES 45
2.1.3 SECONDARY AND PRIMARY RESEARCH 46
2.1.3.1 KEY INDUSTRY INSIGHTS 47
2.2 MARKET SIZE ESTIMATION 47
2.2.1 BOTTOM-UP APPROACH 48
2.2.1.1 APPROACH FOR CAPTURING MARKET SIZE BY BOTTOM-UP ANALYSIS 48
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 48
2.2.2 TOP-DOWN APPROACH 48
2.2.2.1 APPROACH FOR CAPTURING MARKET SIZE BY TOP-DOWN ANALYSIS 49
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 49
FIGURE 4 MARKET SIZE ESTIMATION: SUPPLY-SIDE APPROACH 50
FIGURE 5 MARKET SIZE ESTIMATION: DEMAND-SIDE APPROACH 51
TABLE 1 MARKET SIZE ESTIMATION: KEY ASSUMPTIONS (SYSTEM TYPE SEGMENT) 52
TABLE 2 MARKET SIZE ESTIMATION: KEY ASSUMPTIONS (OFFERING SEGMENT) 53
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 54
FIGURE 6 DATA TRIANGULATION 54
2.4 RESEARCH ASSUMPTIONS 55
3 EXECUTIVE SUMMARY 56
3.1 POST-COVID-19 : REALISTIC SCENARIO 56
3.2 POST-COVID-19: OPTIMISTIC SCENARIO 57
3.3 POST-COVID-19: PESSIMISTIC SCENARIO 57
FIGURE 7 PRECISION LIVESTOCK FARMING MARKET: PRE AND POST-COVID-19 SCENARIO ANALYSIS, 2016–2025 (USD MILLION) 58
FIGURE 8 SERVICES SEGMENT TO CAPTURE HIGHEST CAGR IN PRECISION LIVESTOCK FARMING MARKET FROM 2020 TO 2025 58
FIGURE 9 LIVESTOCK HEALTH & BEHAVIOR MONITORING APPLICATION SEGMENT TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 59
FIGURE 10 MILKING ROBOTIC SYSTEMS TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF PRECISION LIVESTOCK FARMING MARKET DURING FORECAST PERIOD 60
FIGURE 11 ASIA PACIFIC, FOLLOWED BY SOUTH AMERICA, EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 61
4 PREMIUM INSIGHTS 62
4.1 ATTRACTIVE OPPORTUNITIES IN PRECISION LIVESTOCK FARMING MARKET 62
FIGURE 12 INCREASING LABOR COST AND CONSOLIDATION OF LIVESTOCK FARMS IN DEVELOPED REGIONS TO PROPEL GROWTH OF PRECISION LIVESTOCK FARMING MARKET 62
4.2 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY SYSTEM TYPE AND COUNTRY 63
FIGURE 13 MILKING ROBOTIC SYSTEMS AND PRECISION FEEDING SYSTEMS AND CHINA HELD LARGEST SHARE OF PRECISION LIVESTOCK FARMING MARKET IN APAC 2019 63
4.3 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE 63
FIGURE 14 MILKING ROBOTIC SYSTEMS TO CONTINUE TO HOLD LARGEST SHARE OF PRECISION LIVESTOCK FARMING MARKET DURING 2020–2025 63
4.4 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING 64
FIGURE 15 HARDWARE SEGMENT EXPECTED TO DOMINATE PRECISION LIVESTOCK FARMING MARKET DURING FORECAST PERIOD 64
4.5 GEOGRAPHIC ANALYSIS OF PRECISION LIVESTOCK FARMING MARKET 64
FIGURE 16 EUROPE TO HOLD LARGEST MARKET SHARE FOR PRECISION LIVESTOCK FARMING MARKET FROM 2020 TO 2025 64
5 MARKET OVERVIEW 65
5.1 INTRODUCTION 65
5.2 MARKET DYNAMICS 65
FIGURE 17 PRECISION LIVESTOCK FARMING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 66
5.2.1 DRIVERS 66
5.2.1.1 IMPLEMENTATION OF IOT- AND AI-ENABLED DEVICES FOR LIVESTOCK MONITORING 66
FIGURE 18 LIVESTOCK RFID TAGS INSTALLED BASE, 2018–2032 (MILLION UNITS) 67
5.2.1.2 TRANSITION FROM PRECISION LIVESTOCK FARMING TO DECISION LIVESTOCK FARMING 67
5.2.1.3 SURGING LABOR COSTS AND RISING DEMAND FOR AUTOMATION IN LIVESTOCK INDUSTRY 68
5.2.1.4 INCREASING FOCUS ON REAL-TIME MONITORING AND EARLY DISEASE DETECTION 68
5.2.1.5 GROWING DEMAND FOR PROTEIN AND DAIRY PRODUCTS 69
TABLE 3 CHICKEN MEAT CONSUMPTION IN 2019 (KG PER PERSON/PER YEAR) 69
FIGURE 19 IMPACT ANALYSIS: DRIVERS 70
5.2.2 RESTRAINTS 70
5.2.2.1 HIGH UPFRONT COST AND MARGINAL RETURN ON INVESTMENT 70
FIGURE 20 PRICE TREND OF AUTOMATED MILKING ROBOTS, (USD THOUSAND),
2017–2025 71
5.2.2.2 LACK OF TECHNOLOGICAL AWARENESS AMONG LIVESTOCK FARMERS 71
FIGURE 21 IMPACT ANALYSIS: RESTRAINTS 72
5.2.3 OPPORTUNITIES 72
5.2.3.1 INCREASING ADOPTION OF LIVESTOCK MONITORING TECHNOLOGY IN DEVELOPING COUNTRIES 72
TABLE 4 GLOBAL TECHNOLOGY ADOPTION 73
5.2.3.2 INCREASING NUMBER OF DAIRY, POULTRY, AND SWINE FARMS 73
FIGURE 22 CATTLE INVENTORY OF MAJOR COUNTRIES IN 2019 (MILLION UNITS) 74
5.2.3.3 GROWING POPULARITY OF POULTRY ROBOTS AND BSC SMART CAMERAS 74
FIGURE 23 IMPACT ANALYSIS: OPPORTUNITIES 75
5.2.4 CHALLENGES 75
5.2.4.1 STRINGENT GOVERNMENT REGULATIONS AND TRADE BARRIERS 75
5.2.4.2 EMERGENCE & RE-EMERGENCE OF DISEASES AND ENVIRONMENTAL CONCERNS 76
FIGURE 24 IMPACT ANALYSIS: CHALLENGES 76
6 INDUSTRY TRENDS 77
6.1 INTRODUCTION 77
6.2 SUPPLY CHAIN ANALYSIS 77
FIGURE 25 SUPPLY CHAIN ANALYSIS: PRECISION LIVESTOCK FARMING MARKET 77
6.2.1 MAJOR MARKET PLAYERS IN PRECISION LIVESTOCK FARMING MARKET 78
6.3 TECHNOLOGY TRENDS 79
6.3.1 ADVENT OF AI AND BLOCKCHAIN IN LIVESTOCK FARMING TO PUSH MARKET EXPANSION 79
FIGURE 26 BLOCKCHAIN AND AI IN PRECISION LIVESTOCK FARMING 79
6.3.2 BODY CONDITIONING SCORING (BCS) SYSTEMS 80
TABLE 5 BODY CONDITIONING SCORING SYSTEMS FOR DAIRY COWS 80
TABLE 6 BODY CONDITIONING SCORING SYSTEMS: MAJOR ADVANTAGES 81
6.3.3 TECHNOLOGY ADOPTION IN DAIRY FARMS 81
FIGURE 27 MAJOR TECHNOLOGY TRENDS IN DAIRY FARMS 81
6.3.4 TECHNOLOGY ADOPTION IN POULTRY FARMS 82
TABLE 7 MAJOR TECHNOLOGY TRENDS IN POULTRY FARMS 82
6.4 AVERAGE SELLING PRICE ANALYSIS 83
TABLE 8 MILKING ROBOTS: AVERAGE SELLING PRICE ANALYSIS, 2019 VS 2025 83
FIGURE 28 MILKING ROBOTS: AVERAGE SELLING PRICE ANALYSIS, 2016–2025 83
TABLE 9 RFID TAGS & READERS: AVERAGE SELLING PRICE ANALYSIS, 2019 VS 2025 83
6.5 CASE STUDIES: PRECISION LIVESTOCK FARMING 84
6.5.1 CONNECTERRA: AI-BASED SOLUTION IMPROVING FARM PRODUCTIVITY 84
TABLE 10 CONNECTERRA INTELLIGENT DAIRY FARM SOLUTIONS 84
6.5.2 ALLFLEX: LIVESTOCK MONITORING SOLUTION IMPROVING BREEDING RATE IN DAIRY COWS 84
TABLE 11 ALLFLEX SOLUTIONS FOR DAIRY COW HEALTH MONITORING 84
6.5.3 LATIUM: RANCHERS IN GHANA REMOTELY MONITORING THEIR LIVESTOCK 85
TABLE 12 LATIUM: LIVESTOCK MONITORING SOLUTION 85
6.6 PRECISION LIVESTOCK FARMING: PATENT ANALYSIS 85
TABLE 13 PATENT ANALYSIS FOR LIVESTOCK IDENTIFICATION SYSTEMS BY ANIMAL BIOTECH LLC 85
TABLE 14 PATENT ANALYSIS FOR IDENTIFICATION DEVICES BY ALLFLEX INTERNATIONAL LIMITED 86
TABLE 15 PATENT ANALYSIS FOR LIVESTOCK EAR TAGS BY ALLFLEX INTERNATIONAL LIMITED 86
6.7 PRECISION LIVESTOCK FARMING MARKET: ECOSYSTEM MARKET MAP 87
FIGURE 29 PRECISION LIVESTOCK FARMING CONNECTED MARKET 87
7 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE 88
7.1 INTRODUCTION 89
TABLE 16 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE,
2016–2019 (USD MILLION) 89
FIGURE 30 POULTRY MONITORING AND ROBOTIC SYSTEMS SEGMENT IS EXPECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 90
TABLE 17 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE,
2020–2025 (USD MILLION) 90
7.2 MILKING ROBOTIC SYSTEMS 91
TABLE 18 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY OFFERING, 2016–2019 (USD MILLION) 91
TABLE 19 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY OFFERING, 2020–2025 (USD MILLION) 91
TABLE 20 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY REGION, 2016–2019 (USD MILLION) 92
FIGURE 31 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS IN APAC IS EXPECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 92
TABLE 21 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY REGION, 2020–2025 (USD MILLION) 92
TABLE 22 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY APPLICATION, 2016–2019 (USD MILLION) 93
TABLE 23 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY APPLICATION, 2020–2025 (USD MILLION) 93
TABLE 24 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY FARM SIZE, 2016–2019 (USD MILLION) 94
TABLE 25 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS, BY FARM SIZE, 2020–2025 (USD MILLION) 94
7.2.1 SINGLE-STALL MILKING UNITS 94
7.2.1.1 SINGLE–STALL MILKING UNITS ARE MAINLY USED ACROSS SMALL AND MID-SIZED DAIRY FARMS 94
7.2.2 MULTI-STALL MILKING UNITS 94
7.2.2.1 NEWER MULTI-STALL MILKING UNITS CAN MILK UP TO 500 COWS AT A TIME 94
7.2.3 AUTOMATED MILKING ROTARY 95
7.2.3.1 HIGH-CAPACITY AMR SYSTEMS PROVIDE ADDITIONAL INFORMATION THAT CAN BE USED TO MONITOR AND ANALYZE HERD PERFORMANCE 95
TABLE 26 GLOBAL MILKING ROBOTS SALES VOLUME, 2016–2019 (UNITS) 95
TABLE 27 GLOBAL MILKING ROBOTS SALES VOLUME, 2020–2025 (UNITS) 95
7.3 PRECISION FEEDING SYSTEMS 95
7.3.1 INCREASING ADOPTION OF FEEDING ROBOTS TO MITIGATE LABOR SHORTAGE ISSUE EXPECTED TO PROPEL THE MARKET GROWTH 95
TABLE 28 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY OFFERING, 2016–2019 (USD MILLION) 96
FIGURE 32 SERVICES SEGMENT TO GROW AT HIGHEST CAGR IN PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS DURING 2020–2025 96
TABLE 29 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY OFFERING, 2020–2025 (USD MILLION) 97
TABLE 30 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY APPLICATION, 2016–2019 (USD MILLION) 97
TABLE 31 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY APPLICATION, 2020–2025 (USD MILLION) 98
TABLE 32 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY FARM TYPE, 2016–2019 (USD MILLION) 98
TABLE 33 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY FARM TYPE, 2020–2025 (USD MILLION) 98
TABLE 34 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY FARM SIZE, 2016–2019 (USD MILLION) 99
FIGURE 33 SMALL FARMS SEGMENT TO EXHIBIT HIGHEST GROWTH RATE IN PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS DURING FORECAST PERIOD 99
TABLE 35 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY FARM SIZE, 2020–2025 (USD MILLION) 99
TABLE 36 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY REGION, 2016–2019 (USD MILLION) 100
TABLE 37 PRECISION LIVESTOCK FARMING MARKET FOR PRECISION FEEDING SYSTEMS, BY REGION, 2020–2025 (USD MILLION) 100
7.4 LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS 101
7.4.1 INCREASING ADOPTION OF ACTIVE RFID TAGS ON MEDIUM TO LARGE LIVESTOCK FARMS TO ACCELERATE DEMAND FOR LIVESTOCK IDENTIFICATION & TRACKING DEVICES 101
TABLE 38 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY OFFERING,
2016–2019 (USD MILLION) 101
TABLE 39 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY OFFERING,
2020–2025 (USD MILLION) 101
TABLE 40 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY APPLICATION,
2016–2019 (USD MILLION) 102
FIGURE 34 FEEDING MANAGEMENT SEGMENT TO GROW AT HIGHEST CAGR IN PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS DURING FORECAST PERIOD 102
TABLE 41 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY APPLICATION,
2020–2025 (USD MILLION) 103
TABLE 42 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY FARM TYPE,
2016–2019 (USD MILLION) 103
TABLE 43 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY FARM TYPE,
2020–2025 (USD MILLION) 103
TABLE 44 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY FARM SIZE,
2016–2019 (USD MILLION) 104
TABLE 45 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY FARM SIZE,
2020–2025 (USD MILLION) 104
TABLE 46 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY REGION,
2016–2019 (USD MILLION) 104
TABLE 47 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS, BY REGION,
2020–2025 (USD MILLION) 105
7.5 POULTRY MONITORING AND ROBOTIC SYSTEMS 105
7.5.1 POULTRY MONITORING AND ROBOTICS SYSTEMS TO WITNESS A HIGH GROWTH DURING FORECAST PERIOD 105
TABLE 48 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY OFFERING, 2016–2019 (USD MILLION) 106
FIGURE 35 SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTICS SYSTEM DURING THE FORECAST PERIOD 106
TABLE 49 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY OFFERING, 2020–2025 (USD MILLION) 106
TABLE 50 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY APPLICATION, 2016–2019 (USD MILLION) 107
TABLE 51 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY APPLICATION, 2020–2025 (USD MILLION) 107
TABLE 52 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY FARM SIZE, 2016–2019 (USD MILLION) 108
TABLE 53 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS, BY FARM SIZE, 2020–2025 (USD MILLION) 108
TABLE 54 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTICS SYSTEMS, BY REGION, 2016–2019 (USD MILLION) 108
TABLE 55 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTICS SYSTEMS, BY REGION, 2020–2025 (USD MILLION) 109
8 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING 110
8.1 INTRODUCTION 111
TABLE 56 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING,
2016–2019 (USD MILLION) 111
FIGURE 36 PRECISION LIVESTOCK MARKET FOR SERVICES EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 112
TABLE 57 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING,
2020–2025 (USD MILLION) 112
8.2 HARDWARE 113
TABLE 58 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY TYPE,
2016–2019 (USD MILLION) 113
TABLE 59 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY TYPE,
2020–2025 (USD MILLION) 114
TABLE 60 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 114
TABLE 61 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 115
TABLE 62 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY REGION, 2016–2019 (USD MILLION) 115
FIGURE 37 PRECISION LIVESTOCK MARKET IN APAC EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 116
TABLE 63 PRECISION LIVESTOCK FARMING MARKET FOR HARDWARE, BY REGION, 2020–2025 (USD MILLION) 116
8.2.1 ROBOTICS HARDWARE 117
8.2.1.1 INCREASING HERD SIZE OF DAIRY FARMS AND RISING LABOR COSTS EXPECTED TO PROPEL GROWTH OF ROBOTICS HARDWARE COMPONENT 117
TABLE 64 PRECISION LIVESTOCK FARMING MARKET FOR ROBOTICS HARDWARE,
BY REGION, 2016–2019 (USD MILLION) 117
TABLE 65 PRECISION LIVESTOCK FARMING MARKET FOR ROBOTICS HARDWARE,
BY REGION, 2020–2025 (USD MILLION) 117
8.2.2 RFID TAGS & READERS 118
8.2.2.1 RISING ADOPTION OF LOW-FREQUENCY RFID TAGS FOR IDENTIFICATION & TRACKING OF LIVESTOCK TO DRIVE MARKET GROWTH 118
TABLE 66 PRECISION LIVESTOCK FARMING MARKET FOR RFID TAGS & READERS,
BY REGION, 2016–2019 (USD MILLION) 118
TABLE 67 PRECISION LIVESTOCK FARMING MARKET FOR RFID TAGS & READERS,
BY REGION, 2020–2025 (USD MILLION) 118
8.2.3 SENSORS 119
8.2.3.1 SENSORS ARE GAINING POPULARITY AMONG SMALL FARMS IN PRECISION LIVESTOCK FARMING MARKET 119
TABLE 68 PRECISION LIVESTOCK FARMING MARKET FOR SENSORS, BY REGION, 2016–2019 (USD MILLION) 119
TABLE 69 PRECISION LIVESTOCK FARMING MARKET FOR SENSORS, BY REGION, 2020–2025 (USD MILLION) 119
8.2.3.2 TEMPERATURE SENSORS 120
8.2.3.3 ACCELEROMETER SENSORS 120
8.2.3.4 MOTION SENSORS 120
8.2.3.5 ENVIRONMENTAL HUMIDITY SENSORS 120
8.2.3.6 OTHERS 120
8.2.4 CAMERAS 120
8.2.4.1 GROWING AWARENESS AMONG RANCHERS FOR REMOTE MONITORING OF LIVESTOCK EXPECTED TO PROPEL ADOPTION OF CAMERAS 120
8.2.5 GPS 121
8.2.5.1 SURGING DEMAND FOR LIVESTOCK LOCATION TRACKING IS MAJOR FACTOR DRIVING GROWTH OF GPS MARKET 121
8.2.6 OTHERS 121
8.3 SOFTWARE 121
TABLE 70 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY TYPE,
2016–2019 (USD MILLION) 121
FIGURE 38 PRECISION LIVESTOCK MARKET FOR AI AND DATA ANALYTICS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 122
TABLE 71 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY TYPE,
2020–2025 (USD MILLION) 122
TABLE 72 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 122
TABLE 73 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 123
TABLE 74 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY REGION, 2016–2019 (USD MILLION) 123
TABLE 75 PRECISION LIVESTOCK FARMING MARKET FOR SOFTWARE, BY REGION, 2020–2025 (USD MILLION) 124
8.3.1 ON-CLOUD 124
8.3.1.1 CLOUD-BASED SOFTWARE SOLUTIONS ARE FLEXIBLE, SCALABLE, AND AFFORDABLE 124
8.3.2 ON-PREMISE 124
8.3.2.1 ON-PREMISE SOFTWARE IS BENEFICIAL FOR ORGANIZATIONS MIGRATING FROM ONE SYSTEM TO ANOTHER 124
8.3.3 AI AND DATA ANALYTICS 125
8.3.3.1 AI AND DATA ANALYTICS TO DRIVE THE DECISION MAKING OF LIVESTOCK FARM OWNERS 125
8.4 SERVICES 125
8.4.1 SERVICES ARE WITNESSING HIGH GROWTH IN PRECISION LIVESTOCK FARMING MARKET OWING TO INCREASING DEPLOYMENT OF LIVESTOCK FARMING DEVICES AND EQUIPMENT 125
TABLE 76 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY TYPE,
2016–2019 (USD MILLION) 125
FIGURE 39 PRECISION LIVESTOCK MARKET FOR SYSTEM INTEGRATION AND CONSULTING IS EXPECTED TO HOLD LARGEST SIZE IN 2025 126
TABLE 77 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY TYPE,
2020–2025 (USD MILLION) 126
TABLE 78 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 127
TABLE 79 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 127
TABLE 80 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY REGION, 2016–2019 (USD MILLION) 127
TABLE 81 PRECISION LIVESTOCK FARMING MARKET FOR SERVICES, BY REGION, 2020–2025 (USD MILLION) 128
8.4.2 SYSTEM INTEGRATION & CONSULTING 128
8.4.3 MANAGED SERVICES 128
8.4.4 MAINTENANCE AND SUPPORT SERVICES 129
9 PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE 130
9.1 INTRODUCTION 131
TABLE 82 PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE,
2016–2019 (USD MILLION) 131
FIGURE 40 POULTRY FARMS SEGMENT IS EXPECTED TO REGISTER HIGHEST CAGR IN PRECISION LIVESTOCK FARMING MARKET DURING FORECAST PERIOD 131
TABLE 83 PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE,
2020–2025 (USD MILLION) 132
9.2 DAIRY FARMS 132
9.2.1 MILKING ROBOTICS SYSTEMS ARE WIDELY USED IN LARGE FARMS 132
TABLE 84 PRECISION LIVESTOCK FARMING MARKET FOR DAIRY FARMS,
BY SYSTEM TYPE, 2016–2019 (USD MILLION) 133
TABLE 85 PRECISION LIVESTOCK FARMING MARKET FOR DAIRY FARMS,
BY SYSTEM TYPE, 2020–2025 (USD MILLION) 133
9.3 SWINE FARMS 134
9.3.1 RFID AND CAMERAS ARE MAINLY USED TO MONITOR SWINE HEALTH AND BODY TEMPERATURE ACROSS SWINE FARMS 134
TABLE 86 PRECISION LIVESTOCK FARMING MARKET FOR SWINE FARMS,
BY SYSTEM TYPE, 2016–2019 (USD MILLION) 134
FIGURE 41 LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS SEGMENT TO GROW AT HIGHEST RATE IN PRECISION LIVESTOCK FARMING MARKET FOR SWINE FARMS DURING FORECAST PERIOD 134
TABLE 87 PRECISION LIVESTOCK FARMING MARKET FOR SWINE FARMS,
BY SYSTEM TYPE, 2020–2025 (USD MILLION) 135
9.4 POULTRY FARMS 135
9.4.1 PRECISION LIVESTOCK FARMING SOLUTIONS SUCH AS CAMERAS ARE PREDOMINANTLY USED IN POULTRY FARMS 135
TABLE 88 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY FARMS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 135
TABLE 89 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY FARMS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 136
9.5 OTHERS 136
TABLE 90 PRECISION LIVESTOCK FARMING MARKET FOR OTHER FARMS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 136
FIGURE 42 LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS SEGMENT TO GROW AT HIGHER CAGR IN PRECISION LIVESTOCK FARMING MARKET FOR OTHER FARMS DURING FORECAST PERIOD 137
TABLE 91 PRECISION LIVESTOCK FARMING MARKET FOR OTHER FARMS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 137
10 PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE 138
10.1 INTRODUCTION 139
TABLE 92 PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE,
2016–2019 (USD MILLION) 139
FIGURE 43 PRECISION LIVESTOCK FARMING MARKET FOR SMALL FARMS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 139
TABLE 93 PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE,
2020–2025 (USD MILLION) 140
10.2 SMALL FARMS 140
10.2.1 SMALL FARMS TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD 140
TABLE 94 PRECISION LIVESTOCK FARMING MARKET FOR SMALL FARMS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 141
TABLE 95 PRECISION LIVESTOCK FARMING MARKET FOR SMALL FARMS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 141
10.3 MID-SIZED FARMS 141
10.3.1 ADOPTION OF PRECISION LIVESTOCK FARMING TECHNOLOGY IS MOST COMMON IN MID-SIZED FARMS 141
TABLE 96 PRECISION LIVESTOCK FARMING MARKET FOR MID-SIZED FARMS,
BY SYSTEM TYPE, 2016–2019 (USD MILLION) 142
FIGURE 44 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS IN MID-SIZED FARMS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 142
TABLE 97 PRECISION LIVESTOCK FARMING MARKET FOR MID-SIZED FARMS,
BY SYSTEM TYPE, 2020–2025 (USD MILLION) 143
10.4 LARGE FARMS 143
10.4.1 LARGE FARMS ACCOUNTED FOR LARGEST MARKET SHARE IN 2019 143
TABLE 98 PRECISION LIVESTOCK FARMING MARKET FOR LARGE FARMS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 144
FIGURE 45 PRECISION LIVESTOCK FARMING MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEMS IN LARGE FARMS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 144
TABLE 99 PRECISION LIVESTOCK FARMING MARKET FOR LARGE FARMS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 145
11 PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION 146
11.1 INTRODUCTION 147
TABLE 100 PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 147
FIGURE 46 MARKET FOR LIVESTOCK BEHAVIOR & HEALTH MONITORING APPLICATION TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 148
TABLE 101 PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 148
11.2 MILK HARVESTING 149
11.2.1 RISING DEMAND FOR MILKING ROBOTS ON DAIRY FARMS TO PROPEL GROWTH OF MARKET FOR MILK HARVESTING APPLICATION 149
TABLE 102 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING,
BY SYSTEM TYPE, 2016–2019 (USD MILLION) 149
FIGURE 47 MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS FOR MILK HARVESTING APPLICATION TO GROW AT HIGHER CAGR FROM 2020 TO 2025 149
TABLE 103 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING,
BY SYSTEM TYPE, 2020–2025 (USD MILLION) 150
TABLE 104 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING, BY FARM SIZE, 2016–2019 (USD MILLION) 150
TABLE 105 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING, BY FARM SIZE, 2020–2025 (USD MILLION) 150
TABLE 106 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING,
BY REGION, 2016–2019 (USD MILLION) 151
TABLE 107 PRECISION LIVESTOCK FARMING MARKET FOR MILK HARVESTING,
BY REGION, 2020–2025 (USD MILLION) 151
11.3 FEEDING MANAGEMENT 152
11.3.1 INCREASING AWARENESS AMONG DAIRY FARM OWNERS FOR ACCURATE DIET FORMULATION 152
TABLE 108 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY SYSTEM TYPE, 2016–2019 (USD MILLION) 152
FIGURE 48 PRECISION FEEDING SYSTEMS TO HOLD LARGEST SHARE OF MARKET FOR FEEDING MANAGEMENT APPLICATIONS DURING FORECAST PERIOD 153
TABLE 109 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY SYSTEM TYPE, 2020–2025 (USD MILLION) 153
TABLE 110 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY FARM SIZE, 2016–2019 (USD MILLION) 153
TABLE 111 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY FARM SIZE, 2020–2025 (USD MILLION) 154
TABLE 112 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY REGION, 2016–2019 (USD MILLION) 154
TABLE 113 PRECISION LIVESTOCK FARMING MARKET FOR FEEDING MANAGEMENT,
BY REGION, 2020–2025 (USD MILLION) 154
11.4 LIVESTOCK BEHAVIOR AND HEALTH MONITORING 155
11.4.1 INCREASING AWARENESS AMONG RANCHERS AND DAIRY FARM OWNERS TO TRACK HEAT DETECTION AND EARLY DISEASE IDENTIFICATION 155
TABLE 114 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 155
TABLE 115 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY SYSTEM TYPE, 2020–20255 (USD MILLION) 156
TABLE 116 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY FARM SIZE, 2016–2019 (USD MILLION) 156
FIGURE 49 MARKET FOR MID-SIZED FARMS TO GROW AT HIGHEST RATE FOR LIVESTOCK HEALTH AND BEHAVIOR MONITORING DURING FORECAST PERIOD 157
TABLE 117 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY FARM SIZE, 2020–2025 (USD MILLION) 157
TABLE 118 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY REGION, 2016–2019 (USD MILLION) 157
TABLE 119 PRECISION LIVESTOCK FARMING MARKET FOR LIVESTOCK HEALTH & BEHAVIOR MONITORING, BY REGION, 2020–2025 (USD MILLION) 158
11.5 OTHERS 158
TABLE 120 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 158
TABLE 121 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 159
TABLE 122 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY FARM SIZE, 2016–2019 (USD MILLION) 159
TABLE 123 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY FARM SIZE, 2020–2025 (USD MILLION) 159
TABLE 124 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY REGION,
2016–2019 (USD MILLION) 160
FIGURE 50 MARKET IN APAC TO GROW AT HIGHEST RATE FOR OTHER APPLICATIONS DURING FORECAST PERIOD 160
TABLE 125 PRECISION LIVESTOCK FARMING MARKET FOR OTHERS, BY REGION,
2020–2025 (USD MILLION) 161
12 PRECISION LIVESTOCK FARMING MARKET, BY GEOGRAPHY 162
12.1 INTRODUCTION 163
FIGURE 51 GEOGRAPHIC SNAPSHOT: PRECISION LIVESTOCK FARMING MARKET IN MEXICO TO WITNESS HIGHEST CAGR FROM 2020 TO 2025 163
TABLE 126 PRECISION LIVESTOCK FARMING MARKET, BY REGION,
2016–2019 (USD MILLION) 164
TABLE 127 PRECISION LIVESTOCK FARMING MARKET, BY REGION,
2020–2025 (USD MILLION) 164
12.2 AMERICAS 165
FIGURE 52 AMERICAS: PRECISION LIVESTOCK FARMING MARKET SNAPSHOT 165
TABLE 128 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY REGION,
2016–2019 (USD MILLION) 166
TABLE 129 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY REGION,
2020–2025 (USD MILLION) 166
TABLE 130 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 166
TABLE 131 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 167
TABLE 132 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY FARM TYPE, 2016–2019 (USD MILLION) 167
TABLE 133 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY FARM TYPE, 2020–2025 (USD MILLION) 167
TABLE 134 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY FARM SIZE, 2016–2019 (USD MILLION) 168
TABLE 135 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY FARM SIZE, 2020–2025 (USD MILLION) 168
TABLE 136 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY OFFERING, 2016–2019 (USD MILLION) 168
TABLE 137 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY OFFERING, 2020–2025 (USD MILLION) 169
TABLE 138 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY APPLICATION, 2016–2019 (USD MILLION) 169
TABLE 139 PRECISION LIVESTOCK FARMING MARKET IN AMERICAS, BY APPLICATION, 2020–2025 (USD MILLION) 170
12.2.1 IMPACT OF COVID-19 ON AMERICAS 170
FIGURE 53 PRE- AND POST-COVID-19 ANALYSIS: AMERICAS PRECISION LIVESTOCK FARMING MARKET 171
12.2.2 NORTH AMERICA 171
TABLE 140 PRECISION LIVESTOCK FARMING MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 171
TABLE 141 PRECISION LIVESTOCK FARMING MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 172
TABLE 142 PRECISION LIVESTOCK FARMING MARKET IN NORTH AMERICA, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 172
TABLE 143 PRECISION LIVESTOCK FARMING MARKET IN NORTH AMERICA, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 173
12.2.2.1 US 173
12.2.2.1.1 US TO REMAIN LARGEST MARKET FOR PRECISION LIVESTOCK FARMING IN NORTH AMERICA 173
12.2.2.2 CANADA 174
12.2.2.2.1 DAIRY INDUSTRY GENERATES SUBSTANTIAL DEMAND FOR PRECISION LIVESTOCK FARMING SOLUTIONS IN CANADA 174
12.2.2.3 MEXICO 174
12.2.2.3.1 GROWING CATTLE INDUSTRY IN MEXICO DRIVES DEMAND FOR PRECISION LIVESTOCK FARMING 174
12.2.3 SOUTH AMERICA 175
TABLE 144 PRECISION LIVESTOCK FARMING MARKET IN SOUTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 175
TABLE 145 PRECISION LIVESTOCK FARMING MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 175
TABLE 146 PRECISION LIVESTOCK FARMING MARKET IN SOUTH AMERICA, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 176
TABLE 147 PRECISION LIVESTOCK FARMING MARKET IN SOUTH AMERICA, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 176
12.2.3.1 BRAZIL 177
12.2.3.1.1 RAPID ADOPTION OF PRECISION LIVESTOCK FARMING TECHNOLOGY
BY COMMERCIAL FARMERS TO PROVIDE OPPORTUNITIES FOR MARKET IN BRAZIL 177
12.2.3.2 ARGENTINA 177
12.2.3.2.1 LARGE CATTLE POPULATION CAN ACCELERATE GROWTH OF LIVESTOCK IDENTIFICATION, MONITORING AND TRACKING DEVICES 177
12.2.3.3 REST OF SOUTH AMERICA 177
12.3 EUROPE 177
FIGURE 54 EUROPE: PRECISION LIVESTOCK FARMING MARKET SNAPSHOT 178
12.3.1 IMPACT OF COVID-19 ON EUROPE 178
FIGURE 55 PRE- AND POST-COVID-19 ANALYSIS: PRECISION LIVESTOCK FARMING MARKET IN EUROPE 179
TABLE 148 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY COUNTRY,
2016–2019 (USD MILLION) 180
TABLE 149 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY COUNTRY,
2020–2025 (USD MILLION) 180
TABLE 150 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY SYSTEM TYPE, 2016–2019 (USD MILLION) 181
TABLE 151 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY SYSTEM TYPE, 2020–2025 (USD MILLION) 181
TABLE 152 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY OFFERING,
2016–2019 (USD MILLION) 181
TABLE 153 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY OFFERING,
2020–2025 (USD MILLION) 182
TABLE 154 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY FARM TYPE,
2016–2019 (USD MILLION) 182
TABLE 155 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY FARM TYPE,
2020–2025 (USD MILLION) 182
TABLE 156 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY FARM SIZE,
2016–2019 (USD MILLION) 183
TABLE 157 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY FARM SIZE,
2020–2025 (USD MILLION) 183
TABLE 158 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY APPLICATION, 2016–2019 (USD MILLION) 184
TABLE 159 PRECISION LIVESTOCK FARMING MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION) 184
12.3.2 UK 184
12.3.2.1 ESTABLISHED MILK AND MEAT INDUSTRIES SUPPORT ADOPTION OF PRECISION LIVESTOCK TECHNOLOGIES IN UK 184
12.3.3 GERMANY 185
12.3.3.1 GERMANY HELD LARGEST SHARE OF PRECISION LIVESTOCK FARMING MARKET IN EUROPE IN 2019 185
12.3.4 FRANCE 185
12.3.4.1 GROWING NUMBER OF LIVESTOCK FARMS TO DRIVE GROWTH OF PRECISION LIVESTOCK FARMING MARKET IN FRANCE 185
12.3.5 DENMARK 185
12.3.5.1 HIGH ADOPTION OF AUTOMATED MILK HARVESTING SYSTEMS IN DENMARK EXPECTED TO PROPEL GROWTH OF PRECISION LIVESTOCK FARMING MARKET 185
12.3.6 SWEDEN 186
12.3.6.1 INTENSIVE MEAT AND DAIRY PRODUCTION IN SWEDEN BOOSTS PRECISION LIVESTOCK FARMING MARKET GROWTH 186
12.3.7 NETHERLANDS 186
12.3.7.1 INCREASING HERD SIZE AND RISING LABOR COST DRIVE DEMAND FOR PRECISION LIVESTOCK FARMING SOLUTIONS IN NETHERLANDS 186
12.3.8 REST OF EUROPE 186
12.4 APAC 187
FIGURE 56 APAC: PRECISION LIVESTOCK FARMING MARKET SNAPSHOT 187
12.4.1 IMPACT OF COVID-19 ON APAC 188
FIGURE 57 PRE- AND POST-COVID-19 ANALYSIS: PRECISION LIVESTOCK FARMING MARKET IN APAC 188
TABLE 160 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY COUNTRY,
2016–2019 (USD MILLION) 189
TABLE 161 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY COUNTRY,
2020–2025 (USD MILLION) 189
TABLE 162 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY SYSTEM TYPE,
2016–2019 (USD MILLION) 190
TABLE 163 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY SYSTEM TYPE,
2020–2025 (USD MILLION) 190
TABLE 164 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY OFFERING,
2016–2019 (USD MILLION) 190
TABLE 165 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY OFFERING,
2020–2025 (USD MILLION) 191
TABLE 166 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY FARM TYPE,
2016–2019 (USD MILLION) 191
TABLE 167 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY FARM TYPE,
2020–2025 (USD MILLION) 191
TABLE 168 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY FARM SIZE,
2016–2019 (USD MILLION) 192
TABLE 169 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY FARM SIZE,
2020–2025 (USD MILLION) 192
TABLE 170 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY APPLICATION,
2016–2019 (USD MILLION) 192
TABLE 171 PRECISION LIVESTOCK FARMING MARKET IN APAC, BY APPLICATION,
2020–2025 (USD MILLION) 193
12.4.2 CHINA 193
12.4.2.1 CHINA HELD LARGEST SHARE OF PRECISION LIVESTOCK FARMING MARKET IN APAC IN 2019 193
12.4.3 JAPAN 194
12.4.3.1 AGING WORKFORCE AND GOVERNMENT SUBSIDIES FOR INSTALLING AUTOMATED SYSTEMS IN FARMING BOOSTS PRECISION LIVESTOCK FARMING MARKET GROWTH IN JAPAN 194
12.4.4 INDIA 194
12.4.4.1 PRECISION LIVESTOCK FARMING MARKET IN INDIA PROJECTED TO GROW AT HIGHEST RATE FROM 2020 TO 2025 194
12.4.5 AUSTRALIA & NEW ZEALAND 195
12.4.5.1 AUSTRALIA & NEW ZEALAND ACCOUNTED FOR SECOND-LARGEST MARKET SHARE IN APAC IN 2019 195
12.4.6 REST OF APAC 195
12.5 ROW 196
12.5.1 IMPACT OF COVID-19 ON ROW 196
FIGURE 58 PRE- AND POST-COVID-19 ANALYSIS: PRECISION LIVESTOCK FARMING MARKET IN ROW 196
TABLE 172 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY REGION,
2016–2019 (USD MILLION) 197
TABLE 173 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY REGION,
2020–2025 (USD MILLION) 197
TABLE 174 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY SYSTEM TYPE,
2016–2019 (USD MILLION) 197
TABLE 175 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY SYSTEM TYPE,
2020–2025 (USD MILLION) 198
TABLE 176 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY OFFERING,
2016–2019 (USD MILLION) 198
TABLE 177 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY OFFERING,
2020–2025 (USD MILLION) 198
TABLE 178 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY FARM TYPE,
2016–2019 (USD MILLION) 199
TABLE 179 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY FARM TYPE,
2020–2025 (USD MILLION) 199
TABLE 180 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY FARM SIZE,
2016–2019 (USD MILLION) 199
TABLE 181 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY FARM SIZE,
2020–2025 (USD MILLION) 200
TABLE 182 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY APPLICATION,
2016–2019 (USD MILLION) 200
TABLE 183 PRECISION LIVESTOCK FARMING MARKET IN ROW, BY APPLICATION,
2020–2025 (USD MILLION) 200
12.5.2 MIDDLE EAST 201
12.5.2.1 PRECISION LIVESTOCK FARMING MARKET IN MIDDLE EAST EXPECTED TO HOLD LARGER MARKET SHARE BY 2025 201
12.5.3 AFRICA 201
12.5.3.1 INVESTMENTS TOWARDS DEVELOPMENT OF NEW COMMERCIAL FARMING ENTERPRISES TO FAVOR PRECISION LIVESTOCK FARMING MARKET IN AFRICA 201
13 COMPETITIVE LANDSCAPE 202
13.1 INTRODUCTION 202
FIGURE 59 COMPANIES ADOPTED COLLABORATIONS, AGREEMENTS, AND PARTNERSHIPS AS KEY GROWTH STRATEGIES 203
13.2 MARKET SHARE ANALYSIS 204
TABLE 184 MARKET SHARE OF TOP 5 PLAYERS FOR MILKING ROBOTIC SYSTEMS IN PRECISION LIVESTOCK FARMING MARKET IN 2019 204
FIGURE 60 MARKET RANKING OF TOP 5 PLAYERS IN PRECISION LIVESTOCK FARMING MARKET (2019) 205
13.3 COMPANY HISTORICAL REVENUE, 2015–2019 206
TABLE 185 PRECISION LIVESTOCK FARMING MARKET :COMPANY REVENUE,
2015–2019 (USD MILLION) 206
13.4 COMPANY EVALUATION QUADRANT 206
13.4.1 STARS 206
13.4.2 PERVASIVE 206
13.4.3 EMERGING LEADERS 207
13.4.4 PARTICIPANT 207
FIGURE 61 PRECISION LIVESTOCK FARMING MARKET (GLOBAL)
COMPETITIVE LEADERSHIP MAPPING, 2019 207
13.5 STARTUP EVALUATION MATRIX 208
13.5.1 PROGRESSIVE COMPANIES 208
13.5.2 RESPONSIVE COMPANIES 208
13.5.3 DYNAMIC COMPANIES 208
13.5.4 STARTING BLOCKS 208
FIGURE 62 PRECISION LIVESTOCK FARMING MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, STARTUP ECOSYSTEM, 2019 209
13.6 MARKET EVALUATION FRAMEWORK 210
FIGURE 63 PRODUCT LAUNCHES/DEVELOPMENTS, PARTNERSHIPS, AND CONTRACTS WERE KEY STRATEGIES ADOPTED BY MARKET PLAYERS FROM 2018 TO 2020 210
13.7 COMPETITIVE SCENARIO 211
13.7.1 PRODUCT LAUNCHES & DEVELOPMENTS 211
TABLE 186 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020 211
13.7.2 AGREEMENTS, EXPANSIONS, PARTNERSHIPS, AND COLLABORATIONS 213
TABLE 187 PARTNERSHIPS, EXPANSIONS, AGREEMENTS, AND COLLABORATIONS, 2018-2020 213
13.7.3 MERGERS AND ACQUISITIONS 215
TABLE 188 MERGERS AND ACQUISITIONS, 2018–2019 215
14 COMPANY PROFILES 216
(BUSINESS OVERVIEW, PRODUCTS/SOLUTIONS/SERVICES OFFERED, RECENT DEVELOPMENTS, SWOT ANALYSIS, AND MNM VIEW)*
14.1 KEY PLAYERS 216
14.1.1 DELAVAL (SUBSIDIARY OF TETRA LAVAL INTERNATIONAL) 216
FIGURE 64 DELAVAL: COMPANY SNAPSHOT 216
14.1.2 ALLFLEX (SUBSIDIARY OF MERCK & CO., INC.) 220
14.1.3 GEA FARM TECHNOLOGY (GEA GROUP AG) 223
FIGURE 65 GEA FARM TECHNOLOGY (SUBSIDIARY OF GEA GROUP):
COMPANY SNAPSHOT 223
14.1.4 AFIMILK 227
14.1.5 BOUMATIC 230
14.1.6 LELY INTERNATIONAL 234
14.1.7 DAIRYMASTER 236
14.1.8 LIVESTOCK IMPROVEMENT CORPORATION (LIC) 238
FIGURE 66 LIVESTOCK IMPROVEMENT CORPORATION: COMPANY SNAPSHOT 238
14.1.9 FANCOM (SUBSIDIARY OF CTB INTERNATIONAL CORP.) 240
14.1.10 FULLWOOD PACKO 242
14.1.11 NEDAP LIVESTOCK MANAGEMENT 244
FIGURE 67 NEDAP LIVESTOCK MANAGEMENT: COMPANY SNAPSHOT 244
14.1.12 WAIKATO MILKING SYSTEMS 246
14.2 STARTUP ECOSYSTEM 248
14.2.1 CONNECTERRA 248
14.2.2 CAINTHUS 249
14.2.3 FAROMATICS 249
14.2.4 TIBOT TECHNOLOGIES 250
14.2.5 MI ROBOT 250
14.2.6 FARM CONTROL 251
14.2.7 MOOCALL 251
14.2.8 SCIO+ 252
14.3 OTHER PLAYERS 253
14.3.1 HOKOFARM GROUP 253
14.3.2 TRIOLIET 253
14.3.3 BIG DUTCHMAN 254
14.3.4 VDL AGROTECH (VDL GROEP) 254
14.3.5 ICEROBOTICS 255
14.3.6 HID GLOBAL 255
14.3.7 ALEIS 256
14.4 RIGHT TO WIN 257
*DETAILS ON BUSINESS OVERVIEW, PRODUCTS/SOLUTIONS/SERVICES OFFERED, RECENT DEVELOPMENTS, SWOT ANALYSIS, AND MNM VIEW MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.
15 APPENDIX 258
15.1 INSIGHTS FROM INDUSTRY EXPERTS 258
15.2 DISCUSSION GUIDE 259
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 261
15.4 AVAILABLE CUSTOMIZATION 263
15.5 RELATED REPORTS 263
15.6 AUTHOR DETAILS 264
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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
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
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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
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
MarketsandMarkets