Comparison with Similar Reports

Top 10 Sensors Market by Type (Pressure, Temperature, Image, Motion, Fingerprint, Level, Gas, Magnetic Field, Position, and Light), Technology, Applic...

by Type (Pressure, Temperature, Image, Motion, Fingerprint, Level, Gas, Magnetic Field, Position, and Light), Technology, Application, End-User Industry, and Region - Global Forecast to 2026

Publisher: MarketsandMarkets

# of Pages: 368

Publication Date: February, 2021

Price: $4,950 / User License

TABLE OF CONTENTS

1              INTRODUCTION                45

1.1          STUDY OBJECTIVES          45

1.2          STUDY SCOPE    46

1.2.1      MARKETS COVERED        46

FIGURE 1             MARKET SEGMENTATION            46

1.2.2      YEARS CONSIDERED        47

1.3          CURRENCY          47

1.4          PACKAGE SIZE   47

1.5          LIMITATIONS     47

1.6          STAKEHOLDERS 48

2              RESEARCH METHODOLOGY         49

2.1          RESEARCH DATA               49

FIGURE 2             TOP 10 SENSOR MARKETS: RESEARCH DESIGN    49

2.1.1      SECONDARY DATA           50

2.1.1.1   Key data from secondary sources             50

2.1.2      PRIMARY DATA 51

2.1.2.1   Key data from primary sources 51

2.1.2.2   Key industry insights      52

2.1.2.3   Breakdown of primaries               52

2.2          FACTOR ANALYSIS           53

2.2.1      DEMAND-SIDE ANALYSIS              53

2.2.1.1   Robust demand for consumer electronic products           53

2.2.1.2   Growth in wireless technology 53

2.2.2      SUPPLY-SIDE ANALYSIS 53

2.2.2.1   Growing need for real-time analysis        53

2.2.2.2   Technological advances in healthcare market      54

2.3          MARKET SIZE ESTIMATION          54

2.3.1      BOTTOM-UP APPROACH              54

2.3.1.1   Companies’ revenue contribution to top 10 sensor markets        55

2.3.1.2   Analysis of ASPs for different types of sensors   55

2.3.1.3   Shipment analysis for each type of sensor            55

2.3.2      TOP-DOWN APPROACH                55

2.3.2.1   Estimating value and volume from secondary sources    56

2.3.2.2   Validating derived results with companies’ revenues and primaries         56

2.3.2.3   Mapping segment-I with remaining segments individually by “Waterfall Model”                56

2.4          MARKET BREAKDOWN AND DATA TRIANGULATION        57

FIGURE 3             DATA TRIANGULATION 57

FIGURE 4             RESEARCH FLOW              58

2.5          RESEARCH ASSUMPTIONS           58

3              EXECUTIVE SUMMARY 59

FIGURE 5             FINGERPRINT SENSORS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD             59

TABLE 1                TOP 10 SENSOR MARKETS, BY TYPE, 2016–2019 (USD BILLION)    60

TABLE 2                TOP 10 SENSOR MARKETS, BY TYPE, 2020–2026 (USD BILLION)    60

FIGURE 6             IMAGE SENSOR TO HOLD MAJOR MARKET SHARE AND FINGERPRINT SENSOR LIKELY TO GROW AT HIGHEST CAGR FROM 2021 TO 2026           61

4              PREMIUM INSIGHTS       65

4.1          ATTRACTIVE OPPORTUNITIES IN TOP 10 SENSOR MARKETS          65

FIGURE 7             MARKET IN APAC TO GROW AT SIGNIFICANT CAGR FROM 2021 TO 2026                65

4.2          TOP 10 SENSOR MARKETS, BY TYPE (2016–2026)                66

FIGURE 8             PRESSURE SENSORS TO LEAD OVERALL TOP 10 SENSOR MARKETS DURING FORECAST PERIOD     66

4.3          TOP 10 SENSOR MARKETS, BY REGION (2021–2026)          66

FIGURE 9             APAC TO DOMINATE TOP 10 SENSOR MARKETS FROM 2021 TO 2026        66

4.4          TOP 10 SENSOR MARKETS, BY REGION AND TYPE              67

FIGURE 10           APAC TO HOLD LARGEST MARKET SHARE IN 2021              67

5              PRESSURE SENSOR MARKET        68

5.1          MARKET DEFINITION      69

5.2          MARKET DYNAMICS       69

FIGURE 11           PRESSURE SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          69

5.2.1      DRIVERS               70

5.2.1.1   Advancements in MEMS technology-based pressure sensors     70

5.2.1.2   Increased demand for pressure sensors from global automotive and medical industries                70

FIGURE 12           GLOBAL AUTOMOTIVE SALES, BY VEHICLE TYPE, 2012–2018 (MILLION UNITS)      70

5.2.1.3   Stringent implementation of passenger safety regulations globally           71

FIGURE 13           PRIVATELY CHARGED ELECTRIC CARS PLYING ON ROADS, BY COUNTRY, 2019 (%)              71

5.2.1.4   Increased use of pressure sensors in smartphones          72

FIGURE 14           GLOBAL MOBILE SUBSCRIPTIONS GROWTH FROM 2017 TO 2020                72

5.2.2      RESTRAINTS       73

5.2.2.1   Intense pricing pressure on manufacturers of pressure sensors 73

5.2.2.2   Fluctuating prices of raw materials           73

5.2.3      OPPORTUNITIES               73

5.2.3.1   Advancements in NEMS technology        73

5.2.3.2   Integration of IoT platforms and pressure sensors            74

FIGURE 15           SHARES OF REGIONS USING PRESSURE SENSORS AND IOT            74

5.2.4      CHALLENGES      74

5.2.4.1   High regulatory barriers                74

5.2.4.2   Mechanical shocks and vibration loads   75

5.3          COVID-19 IMPACT ANALYSIS      75

TABLE 3                PRE- AND POST-COVID-19 ANALYSIS OF PRESSURE SENSOR MARKET, 2016–2026 (USD MILLION)              75

5.4          PORTER’S FIVE FORCES ANALYSIS             76

FIGURE 16           PRESSURE SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS (2020)     77

5.4.1      INTENSITY OF COMPETITIVE RIVALRY     77

5.4.2      THREAT OF SUBSTITUTES              77

5.4.3      BARGAINING POWER OF BUYERS             78

5.4.4      BARGAINING POWER OF SUPPLIERS       78

5.4.5      THREAT OF NEW ENTRANTS        78

5.5          PRESSURE SENSOR MARKET, BY TECHNOLOGY   79

FIGURE 17           PIEZORESISTIVE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF PRESSURE SENSOR MARKET FROM 2021 TO 2026       79

TABLE 4                PRESSURE SENSOR MARKET, BY TECHNOLOGY, 2016–2019 (USD MILLION)            79

TABLE 5                PRESSURE SENSOR MARKET, BY TECHNOLOGY, 2020–2026 (USD MILLION)            80

5.5.1      PIEZORESISTIVE PRESSURE SENSORS       80

5.5.1.1   Increasing use of piezoresistive pressure sensing technology to measure absolute, gauge, vacuum, and differential pressures            80

5.5.2      CAPACITIVE PRESSURE SENSORS              80

5.5.2.1   Growing adoption of capacitive pressure sensors for measuring liquid or gas pressure in car tires and jet engines                80

5.5.3      ELECTROMAGNETIC PRESSURE SENSORS              81

5.5.3.1   Rising demand for electromagnetic pressure sensors to measure very low pressures      81

5.5.4      RESONANT PRESSURE SENSORS                81

5.5.4.1   Increasig adoption of resonant pressure sensors in low differential pressure applications              81

5.5.5      OPTICAL PRESSURE SENSORS     81

5.5.5.1   Surging use of optical pressure sensors in high-temperature applications              81

5.5.6      OTHERS                81

5.5.6.1   Piezoelectric      81

5.5.6.1.1               Piezoelectric pressure sensors used for measuring dynamic pressure     81

5.5.6.2   Potentiometric 82

5.5.6.2.1               Potentiometric pressure sensors—low-cost sensors       82

5.5.6.3   Thermal               82

5.5.6.3.1               Thermal pressure sensors use thermal conductivity gauges         82

5.6          PRESSURE SENSOR MARKET, BY APPLICATION    82

TABLE 6                PRESSURE SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION)            82

TABLE 7                PRESSURE SENSOR MARKET, BY APPLICATION, 2020–2026 (USD MILLION)            83

5.6.1      AUTOMOTIVE   83

5.6.1.1   Surging use of MEMS technology-based pressure sensors in new automotive applications           83

5.6.2      OIL AND GAS     84

5.6.2.1   Rising demand for gas pressure transducers in oil and gas plants for safe and efficient operations             84

5.6.3      CONSUMER ELECTRONICS           84

5.6.3.1   Increasing penetration of MEMS technology into pressure sensors for use in consumer electronics          84

5.6.4      MEDICAL             85

5.6.4.1   Blood pressure sensors 85

5.6.4.1.1               Rising use of pressure sensors for blood pressure monitoring     85

5.6.4.2   Cardiac catheters             85

5.6.4.2.1               Increasing adoption of pressure sensors in cardiac catheters for cardiac diagnosis             85

5.6.4.3   Neonatal catheters         85

5.6.4.3.1               Surging demand for intrauterine catheters equipped with pressure sensors for use in induced or complicated deliveries   85

5.6.4.4   Laparoscopic devices      86

5.6.4.4.1               Rising use of pressure sensors for measuring level of pressurized carbon dioxide              86

5.6.5      UTILITIES             86

5.6.5.1   Growing use of pressure sensors in power generation, water distribution, and related activities                86

5.6.6      INDUSTRIAL       86

5.6.6.1   Expanding deployment of pressure sensors for semiconductor processing, robotics, and test and measurement industrial applications    86

5.6.7      AVIATION           87

5.6.7.1   Rising demand for pressure sensors in aviation applications         87

5.6.8      MARINE               87

5.6.8.1   Surging use of Pressure sensors in submarines for measuring depth at which they operate          87

5.6.9      OTHERS                87

5.7          REGIONAL ANALYSIS      88

TABLE 8                PRESSURE SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION)        88

TABLE 9                PRESSURE SENSOR MARKET, BY REGION, 2020–2026 (USD MILLION)        88

5.7.1      NORTH AMERICA             88

5.7.2      EUROPE               89

5.7.3      APAC     89

5.7.4      ROW      89

5.8          COMPLETIVE LANDSCAPE            90

TABLE 10              TOP 5 PLAYERS IN PRESSURE SENSOR MARKET, 2020       90

TABLE 11              MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN PRESSURE SENSOR MARKET, 2020           90

6              TEMPERATURE SENSOR MARKET              92

6.1          MARKET DEFINITION      93

6.2          MARKET DYNAMICS       93

6.2.1      DRIVERS               93

6.2.1.1   Increasing penetration of temperature sensors in advanced and portable healthcare equipment              93

FIGURE 18           FORECAST FOR NUMBER OF PEOPLE ABOVE 60 YEARS OF AGE, FROM FY 2000 TO 2050 (MILLIONS)           93

6.2.1.2   Growing demand for temperature sensors in automotive sector               94

FIGURE 19           AUTOMOTIVE SALES, BY VEHICLE TYPE, 2012–2018 (MILLION UNIT)          95

6.2.1.3   Rising adoption of home and building automation systems           95

6.2.2      RESTRAINTS       96

6.2.2.1   Fluctuating raw material prices 96

6.2.3      OPPORTUNITIES               96

6.2.3.1   Increasing trend of wearable devices     96

FIGURE 20           GLOBAL WEARABLE DEVICES REGIONAL MARKET SHIPMENT FOR FY 2016, MILLION UNITS            96

6.2.3.2   Rising need for temperature control for food safety management           97

6.2.4      CHALLENGES      97

6.2.4.1   Stringent performance requirements for advanced applications                97

6.2.4.2   Continual price reductions and intense competition among manufacturers          98

6.3          PORTER’S FIVE FORCES ANALYSIS             98

FIGURE 21           TEMPERATURE SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS (2020)           98

6.3.1      THREAT OF NEW ENTRANTS        99

6.3.2      THREAT OF SUBSTITUTES              99

6.3.3      BARGAINING POWER OF SUPPLIERS       99

6.3.4      BARGAINING POWER OF BUYERS             99

6.3.5      INTENSITY OF COMPETITIVE RIVALRY     100

6.4          COVID-19 IMPACT ANALYSIS      100

TABLE 12              PRE- AND POST-COVID-19 ANALYSIS OF TEMPERATURE SENSOR MARKET, 2016–2025 (USD MILLION)     100

6.5          TEMPERATURE SENSOR MARKET, BY PRODUCT TYPE       101

TABLE 13              MAJOR PRODUCT TYPE CHARACTERISTICS            101

FIGURE 22           THERMOCOUPLE-BASED TEMPERATURE SENSORS LIKELY TO LEAD TEMPERATURE SENSOR MARKET DURING FORECAST PERIOD         101

TABLE 14              TEMPERATURE SENSOR MARKET, BY CONTACT PRODUCT TYPE,

2016–2019 (USD MILLION)          102

TABLE 15              TEMPERATURE SENSOR MARKET, BY CONTACT PRODUCT TYPE,

2020–2026 (USD MILLION)           102

TABLE 16              TEMPERATURE SENSOR MARKET, BY NON-CONTACT PRODUCT TYPE,

2016–2019 (MILLION)     103

TABLE 17              TEMPERATURE SENSOR MARKET, BY NON-CONTACT PRODUCT TYPE,

2020–2025 (MILLION)     103

TABLE 18              TEMPERATURE SENSOR MARKET, BY PRODUCT TYPE,

2016–2019 (MILLION UNITS)       103

TABLE 19              TEMPERATURE SENSOR MARKET, BY PRODUCT TYPE,

2020–2026 (MILLION UNITS)       104

6.5.1      BIMETALLIC TEMPERATURE SENSOR       104

6.5.1.1   Bimetallic temperature sensors used extensively to control water heating elements in boilers, furnaces, and hot water storage tanks        104

6.5.2      TEMPERATURE SENSOR IC           104

6.5.2.1   Market for temperature sensor ICs to grow at significant CAGR during forecast period   104

6.5.3      THERMISTOR     105

6.5.3.1   Low-cost NTC sensors used in applications where temperature ranges from -40°C to +300°C        105

6.5.4      RESISTIVE TEMPERATURE DETECTOR (RTD)          105

6.5.4.1   RTDs widely preferred for air conditioning, food processing, and textile production          105

6.5.5      THERMOCOUPLE              106

6.5.5.1   Thermocouples accounted for largest share of contact temperature sensor market         106

TABLE 20              COMMON TYPES OF THERMOCOUPLES 106

6.5.6      INFRARED TEMPERATURE SENSORS        106

6.5.6.1   Infrared temperature sensors have wide application in manufacturing processes for various end-user industries                106

6.5.7      FIBER OPTIC TEMPERATURE SENSORS    107

6.5.7.1   Market for fiber optic temperature sensors to grow at higher CAGR        107

6.5.8      OTHER TYPES OF TEMPERATURE SENSORS            107

6.6          TEMPERATURE SENSOR MARKET, BY OUTPUT    107

TABLE 21              TEMPERATURE SENSOR MARKET, BY OUTPUT, 2016–2019 (MILLION)       107

TABLE 22              TEMPERATURE SENSOR MARKET, BY OUTPUT, 2020–2025 (MILLION)       108

6.6.1      ANALOG              108

6.6.1.1   Analog temperature sensors cheaper than digital temperature sensors 108

6.6.2      DIGITAL                108

6.6.2.1   Market for digital temperature sensors to grow at higher CAGR during forecast period   108

6.6.2.2   Single-channel digital temperature sensors         109

6.6.2.2.1               Compactness and low power consumption—features of single-channel digital temperature sensors       109

6.6.2.3   Multichannel digital temperature sensors            109

6.6.2.3.1               Multichannel digital sensors can monitor multichannels, have flexible design, and offer higher accuracy 109

6.7          TEMPERATURE SENSOR MARKET, BY END-USER INDUSTRY           109

6.7.1      PROCESS INDUSTRY END USERS                109

TABLE 23              TEMPERATURE SENSOR MARKET, BY PROCESS INDUSTRY,

2016–2019 (USD MILLION)           110

TABLE 24              TEMPERATURE SENSOR MARKET, BY PROCESS INDUSTRY,

2020–2026 (USD MILLION)          110

6.7.2      CHEMICAL           111

6.7.2.1   Processes such as refining, heat tracing, and incineration require temperature sensors 111

6.7.3      OIL & GAS           111

6.7.3.1   oil & gas exploration involves critical measures such as preventing moisture, overheating, corrosion, and inefficient fuel usage           111

6.7.4      CONSUMER ELECTRONICS           112

6.7.4.1   Introduction of new technologies to surge market growth for electrical and electronic applications           112

6.7.5      UTILITIES             112

6.7.5.1   Increasing need for renewable energy generation to have positive impact on market growth     112

6.7.6      HEALTHCARE      112

6.7.6.1   Thermistors mostly used for disposable medical applications as these sensors provide most accurate and sensitive measurements 112

6.7.7      AUTOMOTIVE   113

6.7.7.1   Temperature sensors used in automotive HVAC systems owing to rising concerns about occupant comfort          113

6.7.8      METAL & MINING            113

6.7.8.1   Temperature sensors used for mineral extraction, refining, and engine monitoring          113

6.7.9      FOOD & BEVERAGES       114

6.7.9.1   Temperature monitoring and control required for quality assurance during production, storage, and transit of food and BEVERAGES               114

6.7.10    PULP & PAPER   114

6.7.10.1                Temperature monitoring and control through TEMPERATURE sensors involved in pulping and bleaching processes            114

6.7.11    ADVANCED FUELS           114

6.7.11.1                Increasing demand for temperature sensors from automobiles using different varieties of fuel 114

6.7.12    AEROSPACE & DEFENSE                115

6.7.12.1                Typical uses of temperature sensors include measurement of aircraft skin temperature, environmental temperature, and surrounding critical electronic components     115

6.7.13    GLASS   115

6.7.13.1                Temperature sensors required for measuring high temperatures during glass manufacturing      115

6.7.14    OTHERS                116

6.8          REGIONAL ANALYSIS      116

TABLE 25              TEMPERATURE SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION)              116

TABLE 26              TEMPERATURE SENSOR MARKET, BY REGION, 2020–2025 (USD MILLION)              116

6.8.1      NORTH AMERICA             117

6.8.2      EUROPE               117

6.8.3      APAC     117

6.8.4      ROW      118

6.9          COMPETITIVE LANDSCAPE           118

TABLE 27              TOP 5 PLAYERS IN TEMPERATURE SENSOR MARKET, 2020              118

7              IMAGE SENSOR MARKET              121

7.1          MARKET DEFINITION      122

7.2          MARKET DYNAMICS       122

7.3          MARKET DYNAMICS       122

FIGURE 23           IMAGE SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES         122

7.3.1      DRIVERS               123

7.3.1.1   Increase in incorporation of high-resolution cameras equipped with image sensors in mobile devices      123

7.3.1.2   Growth in adoption of image cameras for automotive applications           123

7.3.1.3   Rise in use of image sensors in advanced medical imaging solutions         124

7.3.2      RESTRAINTS       124

7.3.2.1   High manufacturing costs of large chip image sensors     124

7.3.2.2   Easy availability of LiDAR solutions for autonomous vehicles        124

7.3.3      OPPORTUNITIES               125

7.3.3.1   Development of AI-based image sensors             125

7.3.4      CHALLENGES      125

7.3.4.1   Supply chain disruptions caused by COVID-19     125

7.4          REVENUE SHIFT AND NEW REVENUE POCKETS FOR IMAGE SENSOR MARKET       125

7.5          PORTER’S FIVE FORCES ANALYSIS             126

FIGURE 24           IMAGE SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS (2020)           126

7.5.1      INTENSITY OF COMPETITIVE RIVALRY     126

7.5.2      THREAT OF SUBSTITUTES              127

7.5.3      BARGAINING POWER OF BUYERS             127

7.5.4      BARGAINING POWER OF SUPPLIERS       127

7.5.5      THREAT OF NEW ENTRANTS        127

7.6          COVID-19 IMPACT ANALYSIS      128

FIGURE 25           PRE- AND POST-COVID-19 SCENARIOS OF IMAGE SENSOR MARKET,

BY REGION         128

7.7          IMAGE SENSOR MARKET, BY TECHNOLOGY          128

TABLE 28              IMAGE SENSOR MARKET, BY TECHNOLOGY, 2016–2019 (USD MILLION) 128

TABLE 29              IMAGE SENSOR MARKET, BY TECHNOLOGY, 2020–2026 (USD MILLION) 129

7.7.1      CMOS (COMPLEMENTARY METAL-OXIDE-SEMICONDUCTOR)     129

7.7.1.1   FSI Technology 130

7.7.1.1.1               FSI technology has limited end-use applications                130

7.7.1.2   BSI Technology 130

7.7.1.2.1               BSI technology enhances low light sensitivity, high image quality, and good color reproduction   130

7.7.1.3   3D stacking BSI 130

7.7.1.3.1               3D stacking in imaging chips helps in reducing size of chips            130

7.7.2      CCD (CHARGE-COUPLED DEVICE)              131

7.7.2.1   CCD image sensors use global shutter function to capture complete image at once           131

7.7.3      OTHERS                131

7.7.4      MARKET, BY PROCESSING TYPE 131

7.7.4.1   2D image sensor               131

7.7.4.2   3D image sensor               131

7.7.5      MARKET, BY SPECTRUM                132

7.7.5.1   Visible spectrum image sensors                132

7.7.5.1.1               Rising incorporation of visible spectrum image sensors in consumer electronics to propel demand            132

7.7.5.2   Non-visible spectrum image sensors       132

7.7.5.2.1               Infrared invisible spectrum image sensor              132

7.7.5.2.1.1           IR image sensors used in surveillance, automotive, and machine vision applications         132

7.7.5.2.2               X-ray light            133

7.7.5.2.2.1           X-ray crystallography, dental radiography, surgical radiography, analytical radiography, industrial CT & radiography—major application areas of X-ray light         133

TABLE 30              IMAGE SENSOR MARKET, BY SPECTRUM, 2016–2019 (USD MILLION)        133

TABLE 31              IMAGE SENSOR MARKET, BY SPECTRUM, 2020–2026 (USD MILLION)        133

7.7.6      IMAGE SENSOR MARKET, BY ARRAY TYPE             133

7.7.6.1   Linear image sensor        133

7.7.6.1.1               Linear image sensors facilitate fast scanning        133

7.7.6.2   Area image sensor          134

7.7.6.2.1               Area image sensor segment to lead market during forecast period           134

TABLE 32              IMAGE SENSOR MARKET, BY ARRAY TYPE, 2016–2019 (USD MILLION)      134

TABLE 33              IMAGE SENSOR MARKET, BY ARRAY TYPE, 2020–2026 (USD MILLION)      134

7.8          IMAGE SENSOR MARKET, BY APPLICATION          135

TABLE 34              IMAGE SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION)   135

TABLE 35              IMAGE SENSOR MARKET, BY APPLICATION, 2020–2026 (USD MILLION)   135

7.8.1      AEROSPACE        136

7.8.1.1   CMOS image sensors extensively used for aerospace applications            136

7.8.2      AUTOMOTIVE   136

7.8.2.1   Increasing adoption of ADAS system fueling demand for image sensors in automotive applications          136

7.8.3      CONSUMER ELECTRONICS           137

7.8.3.1   Consumer electronics application to capture largest size of image sensor market during forecast period 137

7.8.3.2   Smartphones     137

7.8.3.2.1               High demand for camera-enabled smartphones fostering market for smartphone applications   137

7.8.3.3   Tablet PC             137

7.8.3.3.1               Demand for image sensors stemming from substantially growing shipments of tablet PCs             137

7.8.3.4   Camera                138

7.8.3.4.1               Digital cameras mainly use CMOS image sensors               138

7.8.3.5   Wearable electronics     138

7.8.3.5.1               Wearable electronics applications demand compact image sensors          138

7.8.4      HEALTHCARE      138

7.8.4.1   Image sensors increasingly being used in healthcare applications, such as endoscopy and X-ray imaging 138

7.8.4.2   X-ray Imaging    138

7.8.4.2.1               X-ray image sensors offer high-quality images    138

7.8.4.3   Endoscopy          139

7.8.4.3.1               Image sensor-equipped endoscopes used to examine different organs 139

7.8.5      INDUSTRIAL       139

7.8.5.1   CMOS image sensors preferred over CCD sensors for industrial applications        139

7.8.6      ENTERTAINMENT             139

7.8.6.1   Gaming services have boosted the demand for image sensors in the entertainment sector          139

7.8.7      SECURITY AND SURVEILLANCE   139

7.8.7.1   Demand for high-definition resolution in IP networking sped up development of image sensors for security and surveillance applications               139

7.8.8      OTHERS                140

7.9          REGIONAL ANALYSIS      140

TABLE 36              IMAGE SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION)              140

TABLE 37              IMAGE SENSOR MARKET, BY REGION, 2020–2026 (USD MILLION)              140

7.9.1      NORTH AMERICA             141

7.9.2      EUROPE               141

7.9.3      APAC     141

7.9.4      ROW      141

7.10        COMPETITIVE LANDSCAPE           142

TABLE 38              RANKING OF KEY PLAYERS IN IMAGE SENSOR MARKET, 2020       142

TABLE 39              MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN IMAGE SENSOR MARKET             142

8              MOTION SENSOR MARKET          144

8.1          MARKET DEFINITION      145

8.2          MARKET DYNAMICS       145

FIGURE 26           MOTION SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 145

8.2.1      DRIVERS               146

8.2.1.1   Huge demand from consumer electronics industry          146

8.2.1.2   Emergence of efficient, economic, and compact MEMS technology         146

8.2.1.3   Growth in adoption of automation in industries and home           147

8.2.1.4   Rise in demand from emerging economies          147

8.2.1.5   Increase in defense expenditure worldwide       147

8.2.2      RESTRAINTS       148

8.2.2.1   Highly complex manufacturing process and demanding cycle time            148

8.2.2.2   Capital intensive applications      148

8.2.3      OPPORTUNITIES               148

8.2.3.1   Growth in demand for wearable electronics        148

8.2.3.2   Commercialization of IoT              149

FIGURE 27           IOT CONNECTIONS WORLDWIDE              149

8.2.3.3   Introduction of advanced consumer applications              149

8.2.3.4   Rise in demand for unmanned vehicles 150

8.2.3.5   Increase in fleet size in commercial aviation         150

8.2.4      CHALLENGES      150

8.2.4.1   Falling return on investment       150

8.2.4.2   Growing level of integration       151

8.3          PORTER’S FIVE FORCES ANALYSIS             151

FIGURE 28           MOTION SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS (2020)       151

8.3.1      INTENSITY OF COMPETITIVE RIVALRY     152

8.3.2      THREAT OF SUBSTITUTES              152

8.3.3      BARGAINING POWER OF BUYERS             152

8.3.4      BARGAINING POWER OF SUPPLIERS       152

8.3.5      THREAT OF NEW ENTRANTS        153

8.4          COVID-19 IMPACT ANALYSIS      153

TABLE 40              PRE- AND POST-COVID-19 ANALYSIS OF MOTION SENSOR MARKET,

2016–2026 (USD MILLION)           153

8.5          MOTION SENSOR MARKET, BY TECHNOLOGY      154

TABLE 41              MOTION SENSOR MARKET, BY MOTION TECHNOLOGY,

2016–2019 (USD MILLION)           154

TABLE 42              MOTION SENSOR MARKET, BY MOTION TECHNOLOGY,

2020–2026 (USD MILLION)          154

TABLE 43              MOTION SENSOR MARKET, BY MOTION TECHNOLOGY,

2016–2019 (MILLION UNITS)       155

TABLE 44              MOTION SENSOR MARKET, BY MOTION TECHNOLOGY,

2020–2026 (MILLION UNITS)       155

8.5.1      INFRARED MOTION SENSORS     155

8.5.1.1   Infrared motion technology sensors to dominate market              155

8.5.2      ULTRASONIC SENSORS 156

8.5.2.1   Growing adoption in home security system boosts demand        156

8.5.3      MICROWAVE SENSOR    156

8.5.3.1   Growing adoption in other applications boost demand   156

8.5.4      DUAL TECHNOLOGY SENSOR      156

8.5.4.1   Combination sensor preference to drive dual technology sensor demand             156

8.5.5      TOMOGRAPHIC SENSOR               157

8.5.5.1   Tomographic motion sensors widely used for consumer electronics and automotive applications              157

8.5.6      OTHER MOTION SENSOR TECHNOLOGIES             157

8.6          MOTION SENSOR MARKET, BY EMBEDDED SENSOR TYPE               157

TABLE 45              MOTION SENSOR MARKET, BY EMBEDDED SENSOR,

2016–2019 (USD MILLION)           157

TABLE 46              MOTION SENSOR MARKET, BY EMBEDDED SENSOR,

2020–2026 (USD MILLION)          157

8.6.1      MEMS ACCELEROMETER               158

8.6.2      MEMS GYROSCOPE         158

8.6.3      MEMS MAGNETOMETER              158

8.6.4      SENSOR COMBOS            159

8.7          MOTION SENSOR MARKET, BY APPLICATION      159

TABLE 47              MOTION SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION)               159

TABLE 48              MOTION SENSOR MARKET, BY APPLICATION, 2020–2026 (USD MILLION)               160

8.7.1      CONSUMER ELECTRONICS           160

8.7.1.1   Consumer electronics applications to dominate market during forecast period   160

8.7.1.2   Smartphones & tablets 161

8.7.1.2.1               Growing advanced features in smartphones and tablets drive market growth     161

8.7.1.3   Gaming & entertainment             161

8.7.1.3.1               High adoption in next-generation gaming console boosting demand        161

8.7.1.4   Wearable devices            161

8.7.1.5   Others 161

8.7.2      AUTOMOTIVE APPLICATION       161

8.7.2.1   Automotive—fastest growing application for motion sensors     161

8.7.2.2   Airbag deployment system         162

8.7.2.2.1               Accelerometers and gyroscopes widely used in automotive applications               162

8.7.2.3   Advanced driver assistance system (ADAS)          162

8.7.2.3.1               Growing functional engagement with help of motion sensor integration drives market growth   162

8.7.3      INDUSTRIAL APPLICATION           163

8.7.3.1   Fire alarms & smoke detectors 163

8.7.3.1.1               Motion sensors preferred in home automation 163

8.7.3.2   Lighting controls (outdoor/indoor)           163

8.7.3.2.1               Low energy consumption ability drives demand                163

8.7.3.3   Service robotics                163

8.7.3.3.1               Sensors—important components of robotics      163

8.7.4      AEROSPACE & DEFENSE                164

8.7.4.1   Growing need for customized solutions within aerospace & defense boost demand        164

8.7.5      HEALTHCARE      164

8.7.5.1   Development of new technology and increase in demand for medical and healthcare devices drive market         164

8.8          REGIONAL ANALYSIS      164

TABLE 49              MOTION SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION)          164

TABLE 50              MOTION SENSOR MARKET, BY REGION, 2020–2026 (USD MILLION)          165

8.8.1      NORTH AMERICA             165

8.8.2      EUROPE               165

8.8.3      APAC     165

8.8.4      ROW      165

8.9          COMPETITIVE LANDSCAPE           166

TABLE 51              TOP 5 PLAYERS IN MOTION SENSOR MARKET, 2020          166

TABLE 52              MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN MOTION SENSOR MARKET, 2020              166

9              FINGERPRINT SENSOR MARKET 168

9.1          MARKET DEFINITION      169

9.2          MARKET DYNAMICS AND FACTOR ANALYSIS       169

FIGURE 29           FINGERPRINT SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES      169

9.2.1      DRIVERS               169

9.2.1.1   Increase in use of fingerprint sensing technology in consumer devices for biometric authentication         169

9.2.1.2   Emergence of biometric smartcards in BFSI applications 170

9.2.2      RESTRAINTS       170

9.2.2.1   Health concerns amid COVID-19                170

9.2.3      OPPORTUNITIES               171

9.2.3.1   Introduction of in-display fingerprint sensors in smartphones     171

9.2.3.2   Increase in demand for laptops and notebooks due to COVID-19              171

9.2.4      CHALLENGES      171

9.2.4.1   Government restrictions pertaining to COVID-19 lockdowns        171

9.3          PORTER’S FIVE FORCES ANALYSIS             172

FIGURE 30           FINGERPRINT SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS (2020)              172

9.3.1      BARGAINING POWER OF SUPPLIERS       172

9.3.2      BARGAINING POWER OF BUYERS             173

9.3.3      THREAT OF SUBSTITUTES              173

9.3.4      THREAT OF NEW ENTRANTS        173

9.3.5      INTENSITY OF COMPETITIVE RIVALRY     173

9.4          COVID-19 IMPACT ANALYSIS      173

TABLE 53              PRE- AND POST-COVID-19 ANALYSIS OF FINGERPRINT SENSOR MARKET, 2016–2026 (USD MILLION)       173

9.5          FINGERPRINT SENSOR MARKET, BY DEVICE TYPE               174

TABLE 54              FINGERPRINT SENSOR MARKET, BY DEVICE TYPE, 2016–2019 (MILLION) 174

TABLE 55              FINGERPRINT SENSOR MARKET, BY DEVICE TYPE, 2020–2026 (MILLION) 174

TABLE 56              FINGERPRINT SENSOR MARKET, BY DEVICE TYPE,

2016–2019 (MILLION UNITS)       174

TABLE 57              FINGERPRINT SENSOR MARKET, BY DEVICE TYPE,

2020–2026 (MILLION UNITS)       175

9.5.1      CONSUMER DEVICES      175

9.5.1.1   Smart devices and wearables     175

9.5.1.2   Access control systems 175

9.5.1.2.1               Biometric Systems           176

9.5.1.2.2               Digital Locks        176

9.5.1.3   Biometric smartcards     176

9.5.1.3.1               Financial cards   176

9.5.1.3.2               ID cards                177

9.5.1.4   Vehicles               177

9.5.1.5   Others 177

9.6          FINGERPRINT SENSOR MARKET, BY TECHNOLOGY            178

FIGURE 31           CAPACITIVE TECHNOLOGY TO DOMINATE FINGERPRINT SENSOR MARKET DURING FORECAST PERIOD   178

TABLE 58              FINGERPRINT SENSOR MARKET, BY TECHNOLOGY,

2016–2019 (USD MILLION)          178

TABLE 59              FINGERPRINT SENSOR MARKET, BY TECHNOLOGY,

2020–2026 (USD MILLION)          179

9.6.1      CAPACITIVE SENSING TECHNOLOGY       179

9.6.2      OPTICAL SENSING TECHNOLOGY              179

9.6.3      OTHER TECHNOLOGIES 180

9.7          FINGERPRINT SENSOR MARKET, BY APPLICATION             180

FIGURE 32           CONSUMER DEVICES APPLICATION TO LEAD FINGERPRINT SENSOR MARKET DURING FORECAST PERIOD                180

TABLE 60              FINGERPRINT SENSOR MARKET, BY APPLICATION,

2016–2019 (USD MILLION)           181

TABLE 61              FINGERPRINT SENSOR MARKET, BY APPLICATION,

2020–2026 (USD MILLION)           181

9.7.1      CONSUMER ELECTRONICS/MOBILE DEVICES       182

9.7.1.1   Smartphones     182

9.7.1.2   Laptops/notebooks/tablets        182

9.7.1.3   Wristbands and smartbands       182

9.7.1.4   USB flash drives                183

9.7.1.5   Other consumer electronics        183

9.7.2      TRAVEL & IMMIGRATION             183

9.7.3      GOVERNMENT & LAW ENFORCEMENT   184

9.7.4      MILITARY, DEFENSE, AND AEROSPACE   184

9.7.5      BANKING & FINANCE     185

9.7.6      COMMERCIAL SECURITY               185

9.7.7      HEALTHCARE      186

9.7.8      SMART HOMES 186

9.7.9      OTHERS                186

9.8          REGIONAL ANALYSIS      186

TABLE 62              FINGERPRINT SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION) 186

TABLE 63              FINGERPRINT SENSOR MARKET, BY REGION, 2020–2026 (USD MILLION) 187

9.8.1      NORTH AMERICA             187

9.8.2      EUROPE               187

9.8.3      APAC     188

9.8.4      ROW      188

9.9          COMPETITIVE LANDSCAPE           188

TABLE 64              TOP 5 PLAYERS IN FINGERPRINT SENSOR MARKET, 2020                188

TABLE 65              MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN FINGERPRINT SENSOR MARKET, 2020    189

10           LEVEL SENSOR MARKET 190

10.1        MARKET DEFINITION      191

10.2        MARKET DYNAMICS       191

FIGURE 33           LEVEL SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES           191

10.2.1    DRIVERS               192

10.2.1.1                Reducing size of sensors               192

10.2.1.2                Rising adoption of level sensors in process industries      192

10.2.1.3                Increasing use of IIoT solutions 192

10.2.1.4                Persisting vehicle production worldwide               193

FIGURE 34           GLOBAL VEHICLE PRODUCTION STATISTICS (2000–2020)                193

10.2.2    RESTRAINTS       193

10.2.2.1                Increasing competition among tier 1 players offering level sensors           193

10.2.3    OPPORTUNITIES               194

10.2.3.1                Rising adoption of Industry 4.0   194

10.2.3.2                Increasing use of level sensors in environmental applications      194

10.2.4    CHALLENGES      194

10.2.4.1                Maturity of critical end-user segments   194

10.3        PORTER’S FIVE FORCES ANALYSIS             195

FIGURE 35           LEVEL SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS (2020)              195

10.3.1    BARGAINING POWER OF SUPPLIERS       195

10.3.2    BARGAINING POWER OF BUYERS             196

10.3.3    THREAT OF NEW ENTRANTS        196

10.3.4    THREAT OF SUBSTITUTES              196

10.3.5    INTENSITY OF COMPETITIVE RIVALRY     196

10.4        COVID-19 IMPACT ANALYSIS      196

TABLE 66              PRE- AND POST-COVID-19 ANALYSIS OF LEVEL SENSOR MARKET,

2016–2026 (USD MILLION)          196

10.5        LEVEL SENSOR MARKET, BY TECHNOLOGY            197

TABLE 67              LEVEL SENSOR MARKET, BY TECHNOLOGY, 2016–2019 (USD MILLION)     197

TABLE 68              LEVEL SENSOR MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)     197

TABLE 69              LEVEL SENSOR MARKET, SHIPMENT, 2016–2019 (MILLION UNITS)             198

TABLE 70              LEVEL SENSOR MARKET, SHIPMENT, 2020–2026 (MILLION UNITS)             198

10.5.1    CONTACT LEVEL SENSORS            198

10.5.1.1                Cost-effectiveness and straightforward applications to enhance adoption            198

TABLE 71              CONTACT LEVEL SENSOR MARKET, BY TYPE, 2016–2019 (USD MILLION)   198

TABLE 72              CONTACT LEVEL SENSOR MARKET, BY TYPE, 2020–2026 (USD MILLION)   199

10.5.1.2                Magnetostrictive             199

10.5.1.2.1             Features high accuracy, strong environmental adaptability, and convenient installation 199

10.5.1.3                Vibratory probe                199

10.5.1.3.1             Provide point level sensing for powders and bulk solids 199

10.5.1.4                Hydrostatic         200

10.5.1.4.1             Measure pressure generated by static head of liquid      200

10.5.1.5                Magnetic and mechanical float 200

10.5.1.5.1             Popular for their simplicity, dependability, and low cost 200

10.5.1.6                Pneumatic          200

10.5.1.6.1             Pneumatic level sensors used in hazardous environments            200

10.5.1.7                Guided wave     200

10.5.1.7.1             Leverages microwave pulses for level measurement      200

10.5.1.8                Other contact level sensors         201

10.5.2    NON-CONTACT LEVEL SENSORS                201

10.5.2.1                Versatility and contactless operation to enhance demand            201

FIGURE 36           MARKET FOR LASER NON-CONTACT LEVEL SENSORS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026   201

TABLE 73              NON-CONTACT LEVEL SENSOR MARKET, BY TYPE,

2016–2019 (USD MILLION)           201

TABLE 74              NON-CONTACT LEVEL SENSOR MARKET, BY TYPE,

2020–2026 (USD MILLION)           202

10.5.2.2                Ultrasonic            202

10.5.2.2.1             Measures level based on travel time of ultrasonic pulses              202

10.5.2.3                Microwave/radar             202

10.5.2.3.1             Used in moist, vaporous, and dusty environments           202

10.5.2.4                Optical 203

10.5.2.4.1             Operation depends on light transmission, reflection, or refraction of medium     203

10.5.2.5                Laser     203

10.5.2.5.1             Leverage light waves for level measurement      203

10.5.2.6                Micro-electro-mechanical systems (MEMS)         203

10.5.2.7                Other non-contact level sensors               204

10.5.2.7.1             Capacitance        204

10.5.2.7.2             Conductive         204

10.5.2.7.3             Nucleonic            204

10.5.2.7.4             Air bubbler         205

10.5.2.7.5             Load cells             205

10.6        LEVEL SENSOR MARKET, BY END-USER INDUSTRY              205

FIGURE 37           LEVEL SENSOR MARKET, BY END-USER INDUSTRY              205

TABLE 75              LEVEL SENSOR MARKET, BY END-USER INDUSTRY,

2016–2019 (USD MILLION)           206

TABLE 76              LEVEL SENSOR MARKET, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)          206

10.6.1    CONSUMER GOODS       206

10.6.1.1                Penetration of MEMS and wireless technologies to boost use    206

10.6.2    INDUSTRIAL MANUFACTURING                207

10.6.2.1                Sensors to see increased use in manufacturing & process industries        207

10.6.3    CHEMICALS        207

10.6.3.1                Increasing need for accuracy expected to boost sensor demand               207

10.6.4    PHARMACEUTICAL          208

10.6.4.1                Non-contact sensors used to meet strict requirements for hygiene         208

10.6.5    WASTEWATER   208

10.6.5.1                Wastewater management regulations to spur sensor demand   208

10.6.6    OIL & GAS           208

10.6.6.1                Hydrostatic and ultrasonic level sensors to see increasing demand           208

10.6.7    UTILITIES             209

10.6.7.1                Ultrasonic, admittance, and pneumatic level sensors used in power generation 209

10.6.8    HEALTHCARE      209

10.6.8.1                Sensors used to monitor levels of reagent containers and waste tanks   209

10.6.9    OTHERS                209

10.6.9.1                Agricultural         209

10.6.9.2                Pulp & paper      210

10.6.9.3                Construction aggregates               210

10.7        LEVEL SENSOR MARKET, BY MONITORING TYPE 210

TABLE 77              LEVEL SENSOR MARKET, BY MONITORING TYPE, 2016–2019 (USD MILLION)          210

TABLE 78              LEVEL SENSOR MARKET, BY MONITORING TYPE, 2020–2026 (USD MILLION)          211

10.7.1    CONTINUOUS LEVEL MONITORING         211

10.7.1.1                Magnetostrictive             211

10.7.1.2                Resistive chain level        211

10.7.1.3                Magnetoresistive            211

10.7.1.4                Hydrostatic pressure level           211

10.7.1.5                Air bubbler         211

10.7.1.6                Gamma ray         212

10.7.2    POINT LEVEL MONITORING         212

10.7.2.1                Vibratory probe                212

10.7.2.2                Rotating paddle                212

10.7.2.3                Admittance type              212

10.7.2.4                Magnetic & mechanical float       213

10.7.2.5                Pneumatic          213

10.7.2.6                Conductive         213

10.8        REGIONAL ANALYSIS      213

TABLE 79              LEVEL SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION) 214

TABLE 80              LEVEL SENSOR MARKET, BY REGION, 2020–2026 (USD MILLION) 214

10.8.1    NORTH AMERICA             214

10.8.2    EUROPE               215

10.8.3    APAC     215

10.8.4    ROW      215

10.9        COMPETITIVE LANDSCAPE           216

TABLE 81              TOP 5 PLAYERS IN LEVEL SENSOR MARKET, 2020                216

TABLE 82              MARKET SHARE ANALYSIS OF TOP 3 MARKET PLAYERS IN LEVEL SENSOR MARKET, 2020 216

11           GAS SENSOR MARKET    218

11.1        MARKET DEFINITION      219

11.2        MARKET DYNAMICS       219

11.3        MARKET DYNAMICS       219

FIGURE 38           GAS SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          219

11.3.1    DRIVERS               220

11.3.1.1                Implementation of various health and safety regulations worldwide       220

FIGURE 39           MAJOR SOURCES OF AIR POLLUTION, 2018          220

TABLE 83              LIST OF GOVERNMENT REGULATIONS/ACTS FOR AIR QUALITY MONITORING      221

11.3.1.2                Increased adoption of gas sensors in HVAC systems and air quality monitors       221

11.3.1.3                Demand for gas sensors from critical industries 222

11.3.1.4                Increased air pollution and need for air quality monitoring in smart cities               222

TABLE 84              MOST POLLUTED CITIES                222

11.3.2    RESTRAINTS       223

11.3.2.1                Time-consuming development of new and innovative gas sensors           223

11.3.3    OPPORTUNITIES               224

11.3.3.1                Networking of gas sensors through IoT, cloud computing, and big data 224

11.3.3.2                Rising adoption of gas sensors in consumer electronic devices    224

11.3.3.3                Growing involvement of private and public organizations to create awareness about air quality monitoring                225

11.3.3.4                Increasing demand for miniaturized wireless gas sensors              225

11.3.4    CHALLENGES      226

11.3.4.1                Operational challenges for electrochemical sensors         226

11.4        INDUSTRY TRENDS          226

11.4.1    E-NOSES              226

11.4.2    PRINTED GAS SENSORS 226

11.4.3    CARBON NANOTUBES   227

11.4.4    ZEOLITES              227

11.5        PORTER’S FIVE FORCES ANALYSIS             227

FIGURE 40           GAS SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS (2020) 228

11.5.1    THREAT FROM NEW ENTRANTS 228

11.5.2    THREAT FROM SUBSTITUTES       229

11.5.3    BARGAINING POWER OF SUPPLIERS       229

11.5.4    BARGAINING POWER OF BUYERS             229

11.5.5    INTENSITY OF COMPETITIVE RIVALRY     229

11.6        COVID-19 IMPACT ANALYSIS      230

TABLE 85              PRE COVID/ POST COVID ANALYSIS, FOR GAS SENSOR MARKET,

2016–2026 (USD MILLION)           230

11.7        GAS SENSOR MARKET, BY TECHNOLOGY               230

TABLE 86              GAS SENSOR MARKET, BY TECHNOLOGY, 2016–2019 (USD MILLION)        230

TABLE 87              GAS SENSOR MARKET, BY TECHNOLOGY, 2020–2026 (USD MILLION)        231

TABLE 88              GAS DETECTION TECHNOLOGIES               231

11.7.1    ELECTROCHEMICAL         231

11.7.1.1                Rising use of electrochemical technology due to its ability to be used in low-concentration ranges             231

11.7.2    PHOTOIONIZATION DETECTORS (PID)     232

11.7.2.1                Photoionization technology widely used in gas chromatography                232

11.7.3    SOLID STATE/METAL-OXIDE-SEMICONDUCTOR 232

11.7.3.1                Steady growth expected due to light weight, high sensitivity, and fast response time of gas sensors        232

11.7.4    CATALYTIC          232

11.7.4.1                Steady adoption of catalytic technology expected due to use in ammonia and methane gas sensors        232

11.7.5    INFRARED           233

11.7.5.1                Growth of infrared technology segment attributed to rising use in industrial, HVAC, and IQM applications                233

11.7.6    LASER    233

11.7.6.1                Significant growth of laser technology due to its ability of long-range detection of gases                233

11.7.7    ZIRCONIA            233

11.7.7.1                Steady adoption of zirconia technology expected in oxygen sensors        233

11.7.8    OTHERS                234

11.8        GAS SENSOR MARKET, BY GAS TYPE        234

FIGURE 41           VOC-BASED SENSORS TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD           234

TABLE 89              GAS SENSOR MARKET, BY GAS TYPE, 2016–2019 (USD MILLION) 235

TABLE 90              GAS SENSOR MARKET, BY GAS TYPE, 2020–2026 (USD MILLION) 235

11.8.1    OXYGEN               236

11.8.1.1                Oxygen sensors lead market due to their rising adoption in automotive, building automation, and medical applications        236

11.8.2    CARBON MONOXIDE (CO)           236

11.8.2.1                Serious impacts of CO on health and government regulations for monitoring of CO levels drive market growth 236

11.8.3    CARBON DIOXIDE (CO2)                236

11.8.3.1                Significant growth in CO2 gas sensors segment due to rising emission of greenhouse gases          236

11.8.4    AMMONIA         236

11.8.4.1                Rising usage of ammonia sensors in smart cities and industrial applications provides opportunities            236

11.8.5    CHLORINE (CL) 237

11.8.5.1                Growth in chlorine gas sensor segment driven by use in water and wastewater applications        237

11.8.6    HYDROGEN SULFIDE (H2S)           237

11.8.6.1                Major applications of H2S gas sensors include oil & gas, smart cities, and water & wastewater management                237

11.8.7    NITROGEN OXIDE            237

11.8.7.1                Significant growth in NOx gas sensor segment due to demand from smart cities and building automation applications        237

11.8.8    VOLATILE ORGANIC COMPOUND (VOC)                237

11.8.8.1                Rising pollution levels and need for air quality monitoring provide market growth opportunities 237

11.8.9    METHANE           238

11.8.9.1                Oil & gas, smart cities, and power stations major applications of methane gas sensors     238

TABLE 91              PERMISSIBLE/EXPOSURE LIMITS FOR METHANE                238

11.8.10 HYDROGEN         238

11.8.10.1              Hydrogen sensors mainly used in battery rooms, uninterruptible power supply areas, battery cabinet systems, and battery charging areas       238

TABLE 92              PERMISSIBLE/EXPOSURE LIMITS FOR HYDROGEN              238

11.8.11 HYDROCARBON (METHANE, PROPANE, BUTANE, AND OTHERS) 238

11.8.11.1              Hydrocarbons are majorly used as fuel in different industries and home cooking               238

11.9        GAS SENSOR MARKET, BY END-USE INDUSTRY   239

FIGURE 42           CONSUMER ELECTRONICS SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD            239

TABLE 93              GAS SENSOR MARKET, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)            240

TABLE 94              GAS SENSOR MARKET, BY END-USE INDUSTRY, 2020–2026 (USD MILLION)            240

11.9.1    WATER & WASTEWATER TREATMENT     241

11.9.1.1                Strict government regulations for monitoring of toxic gases in wastewater management provide opportunities    241

11.9.1.2                Water treatment             241

11.9.1.3                Wastewater treatment 241

11.9.2    MEDICAL             241

11.9.2.1                Increasing adoption of O2 and CO2 sensors in medical equipment provides growth opportunities             241

11.9.2.2                Measuring blood oxygen              242

11.9.2.3                Monitoring concentration of oxygen in anesthesia           242

11.9.2.4                Oxygen content of medical air cylinders                242

11.9.3    OIL & GAS           242

11.9.3.1                Need to monitor flammable and toxic gases such as CH4 and hydrocarbons in exploration and refining processes provides opportunities            242

11.9.3.2                Upstream            242

11.9.3.3                Downstream      243

11.9.4    ENVIRONMENTAL           243

11.9.4.1                Indoor and outdoor air quality monitoring            243

11.9.5    AUTOMOTIVE   243

11.9.5.1                O2 leading gas sensor segment in automotive applications           243

11.9.5.2                Vehicle cabin air quality control 243

11.9.5.3                Dynamometer test cells                244

11.9.6    FOOD & BEVERAGES       244

11.9.6.1                Food processing and storage require monitoring of Co2, VOC, and CH4, which drives market growth       244

11.9.7    METAL & CHEMICAL INDUSTRY 244

11.9.7.1                Rising adoption of ammonia, VOC, and oxygen gas sensors to provide significant opportunities 244

11.9.7.2                Coke ovens        244

11.9.7.3                Blast furnace      244

11.9.8    CONSUMER ELECTRONICS           245

11.9.8.1                Adoption of gas sensors in consumer devices such as smartphones and wearables to drive market growth                245

11.9.8.2                Smartphones & tablets 245

11.9.8.3                Wearable devices            245

11.9.9    TRANSPORT & LOGISTICS             245

11.9.9.1                Monitoring of hazardous gases in cargo freight 245

11.9.10 UTILITIES             246

11.9.10.1              Need for continuous monitoring of toxic and combustible gases in power plants drives market growth   246

11.9.10.2              Monitoring blast furnace gases 246

11.9.11 BUILDING AUTOMATION AND DOMESTIC APPLICATION               246

11.9.12 OTHERS (R&D LABS AND EDUCATIONAL INSTITUTIONS) 246

11.10     REGIONAL ANALYSIS      246

TABLE 95              GAS SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION)    247

TABLE 96              GAS SENSOR MARKET, BY REGION, 2020–2026 (USD MILLION)    247

11.10.1 NORTH AMERICA             247

11.10.2 EUROPE               248

11.10.3 APAC     248

11.10.4 ROW      248

11.11     COMPETITIVE LANDSCAPE           248

TABLE 97              TOP 5 PLAYERS IN GAS SENSOR MARKET, 2020   248

TABLE 98              GAS SENSOR MARKET SHARE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020             249

12           MAGNETIC SENSOR MARKET      250

12.1        MARKET DEFINITION      251

12.2        MARKET DYNAMICS       251

12.3        MARKET DYNAMICS       251

FIGURE 43           MAGNETIC SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          251

12.3.1    DRIVERS               252

12.3.1.1                Intensifying focus of manufacturers on 3D magnetic sensors       252

12.3.1.2                Increasing investments in magnetic sensor ecosystem   252

12.3.1.3                Unceasing growth of consumer electronics industry        253

12.3.2    RESTRAINTS       253

12.3.3    OPPORTUNITIES               253

12.3.3.1                Increasing adoption of magnetic sensors in healthcare applications          253

12.3.3.2                Increasing manufacturing of hybrid and electric cars        254

FIGURE 44           PROJECTED INCREASE IN SALES FROM 2019 TO 2040        255

12.3.4    CHALLENGES      255

12.3.4.1                Growth of only few sensor types             255

12.3.5    COVID-19-DRIVEN CHALLENGES                255

12.3.5.1                Anticipated shortage of raw materials for manufacturing of sensors and supply chain disruptions              255

12.4        REVENUE SHIFT AND NEW REVENUE POCKETS FOR MAGNETIC SENSOR MARKET               256

12.5        COVID-19 IMPACT ANALYSIS      256

TABLE 99              PRE- AND POST-COVID-19 ANALYSIS OF MAGNETIC SENSOR MARKET, 2016–2026 (USD MILLION)            256

12.6        PORTER’S FIVE FORCES ANALYSIS             257

FIGURE 45           MAGNETIC SENSOR MARKET: PORTER’S FIVE FORCES (2020)       257

12.6.1    INTENSITY OF COMPETITIVE RIVALRY     258

12.6.2    THREAT OF SUBSTITUTES              258

12.6.3    BARGAINING POWER OF BUYERS             258

12.6.4    BARGAINING POWER OF SUPPLIERS       258

12.6.5    THREAT OF NEW ENTRANTS        259

12.7        MAGNETIC SENSOR MARKET, BY TYPE    259

TABLE 100            MAGNETIC SENSOR MARKET, BY TYPE, 2016–2019 (USD MILLION)            259

TABLE 101            MAGNETIC SENSOR MARKET, BY TYPE, 2020–2026 (USD MILLION)            260

TABLE 102            MAGNETIC SENSOR MARKET, BY TYPE, 2016–2019 (MILLION UNITS)        260

TABLE 103            MAGNETIC SENSOR MARKET, BY TYPE, 2020–2026 (MILLION UNITS)        261

12.7.1    HALL EFFECT SENSORS   261

12.7.1.1                Hall ICs 261

12.7.1.2                Hall elements    261

FIGURE 46           HALL ICS TO HOLD LARGEST SIZE OF OVERALL HALL EFFECT MAGNETIC SENSOR MARKET FROM 2021 TO 2026                262

TABLE 104            HALL EFFECT MAGNETIC SENSOR MARKET, BY TYPE,

2016–2019 (USD MILLION)           262

TABLE 105            HALL EFFECT MAGNETIC SENSOR MARKET, BY TYPE,

2020–2026 (USD MILLION)          262

TABLE 106            HALL EFFECT MAGNETIC SENSOR MARKET, BY TYPE,

2016–2019 (MILLION UNITS)       263

TABLE 107            HALL EFFECT MAGNETIC SENSOR MARKET, BY TYPE,

2020–2026 (MILLION UNITS)       263

12.7.2    MAGNETORESISTIVE SENSORS 263

12.7.2.1                Anisotropic magnetoresistive (AMR) sensors      263

12.7.2.2                Giant Magnetoresistive (GMR) Sensors 263

12.7.2.3                Tunnel magnetoresistive (TMR) sensors               264

TABLE 108            MAGNETORESISTIVE MAGNETIC SENSOR MARKET, BY TYPE,

2016–2019 (USD MILLION)           264

TABLE 109            MAGNETORESISTIVE MAGNETIC SENSOR MARKET, BY TYPE,

2020–2026 (USD MILLION)          264

TABLE 110            MAGNETORESISTIVE MAGNETIC SENSOR MARKET, BY TYPE,

2016–2019 (MILLION UNITS)       264

TABLE 111            MAGNETORESISTIVE MAGNETIC SENSOR MARKET, BY TYPE,

2020–2026 (MILLION UNITS)     265

12.7.3    MEMS-BASED MAGNETIC FIELD SENSORS            265

12.7.4    SQUID SENSORS               265

12.7.4.1                High-temperature SQUID             265

12.7.4.2                Low-temperature SQUID             265

12.7.5    FLUXGATE SENSORS       265

12.7.6    OTHERS                266

12.7.6.1                Fiber optic           266

12.7.6.2                Optically pumped            266

12.7.6.3                Magnetodiode 266

12.7.6.4                Magneto-optical sensor                266

12.7.6.5                Search-coil          266

12.7.6.6                Magneto-inductive sensors        266

12.7.6.7                Nuclear procession         266

12.7.6.8                Reed switch       266

12.8        MAGNETIC SENSOR MARKET, BY APPLICATION 267

TABLE 112            MAGNETIC SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION)          267

TABLE 113            MAGNETIC SENSOR MARKET, BY APPLICATION, 2020–2026 (USD MILLION)          267

12.8.1    POSITION SENSING         268

12.8.1.1                Rising demand for 3d position sensors from automotive and consumer electronics industries to propel market growth 268

12.8.2    SPEED SENSING                269

12.8.2.1                Rising demand for autonomous vehicles to fuel demand for magnetic speed sensors      269

12.8.3    NAVIGATION AND ELECTRONIC COMPASS           269

12.8.3.1                Increasing demand for magnetic sensors from consumer electronics industry to drive market growth     269

12.8.4    FLOW RATE SENSING     270

12.8.4.1                Industrial demand for high accuRAte flow sensing to drive market growth            270

12.8.5    PROXIMITY DETECTION/NON-DESTRUCTIVE TESTING     270

12.8.5.1                Need for quality inspection of aircraft, cars, and other automotive fuel market growth   270

12.8.6    OTHERS                271

12.9        MAGNETIC SENSOR MARKET, BY RANGE               271

TABLE 114            MAGNETIC SENSOR MARKET, BY RANGE, 2016–2019 (USD MILLION)       271

TABLE 115            MAGNETIC SENSOR MARKET, BY RANGE, 2020–2026 (USD MILLION)       271

TABLE 116            LANDSCAPE OF TECHNOLOGY, RANGE, AND DIFFERENT TYPES OF MAGNETIC FIELD SENSORS     272

FIGURE 47           VARIOUS MAGNETIC FIELD SENSORS AND THEIR DETECTABLE FIELD RANGE         272

12.9.1    <1 MICROGAUSS (LOW FIELD SENSORS)                273

12.9.1.1                Increasing adoption of low-field sensors for military surveillance and medical application to boost market growth 273

12.9.2    1 MICROGAUSS TO 10 GAUSS (EARTH FIELD SENSORS)   273

12.9.2.1                Earth field sensors held second-largest share of market in 2020 273

12.9.3    >10 GAUSS (BIAS MAGNETIC FIELD SENSORS)    274

12.9.3.1                Increase in driverless cars to spur magnetic sensor market growth           274

12.10     MAGNETIC SENSOR MARKET, BY END-USER INDUSTRY   274

FIGURE 48           TRANSPORTATION TO HOLD MAJOR MARKET SIZE OF MAGNETIC FIELD SENSORS DURING FORECAST PERIOD 274

TABLE 117            MAGNETIC SENSOR MARKET, BY END-USER INDUSTRY,

2016–2019 (USD MILLION)           275

TABLE 118            MAGNETIC SENSOR MARKET, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           275

12.10.1 AUTOMOTIVE   276

12.10.1.1              Increase in deployment of navigation systems in vehicles to fuel market growth               276

12.10.2 CONSUMER ELECTRONICS           276

12.10.2.1              Widespread deployment of Hall effect and reed sensors in high-tech consumer appliances          276

12.10.3 HEALTHCARE      276

12.10.3.1              Use of magnetic sensors in healthcare industry helps detect anomalies accurately            276

12.10.4 AEROSPACE & DÉFENSE                277

12.10.4.1              Magnetic sensors used in multitude of electrical systems in aerospace & defense industry           277

12.10.5 INDUSTRIAL       277

12.10.5.1              Rise in industrial automation to fuel deployment of magnetic sensors     277

12.10.6 OTHERS                277

12.11     REGIONAL ANALYSIS      278

TABLE 119            MAGNETIC SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION)      278

TABLE 120            MAGNETIC SENSOR MARKET, BY REGION, 2020–2026 (USD MILLION)      278

12.11.1 NORTH AMERICA             279

12.11.2 EUROPE               279

12.11.3 APAC     279

12.11.4 ROW      280

12.12     COMPETITIVE LANDSCAPE           280

TABLE 121            RANKING OF TOP 5 PLAYERS IN MAGNETIC SENSOR MARKET, 2020          280

TABLE 122            MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN FINGERPRINT SENSOR MARKET, 2020    281

13           POSITION SENSOR MARKET        282

13.1        MARKET DEFINITION      283

13.2        MARKET DYNAMICS       283

13.3        MARKET DYNAMICS       283

FIGURE 49           POSITION SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES              283

13.3.1    DRIVERS               284

13.3.1.1                Increasing focus of manufacturing industry on accurate measurements and detailed inspection 284

13.3.1.2                Growing adoption of position sensors in aerospace industry        284

FIGURE 50           GLOBAL AIR PASSENGER TRAFFIC (2000–2017)   285

13.3.1.3                Rising demand for position sensors for modern automobiles       285

FIGURE 51           GLOBAL ELECTRIC CARS IN CIRCULATION (2013–2017)    286

13.3.2    RESTRAINTS       286

13.3.2.1                High cost of ownership 286

13.3.3    OPPORTUNITIES               287

13.3.3.1                Growing trend of industrial automation 287

13.3.3.2                High potential for industrial robotics applications               287

FIGURE 52           INDUSTRIAL ROBOTS ANNUAL SHIPMENT, BY REGION, 2012–2017            287

13.3.4    CHALLENGES      288

13.3.4.1                Lack of proper standards to measure performance indicators     288

13.4        COVID-19 IMPACT ANALYSIS      288

TABLE 123            PRE- AND POST-COVID-19 ANALYSIS OF POSITION SENSOR MARKET

2016–2026 (USD MILLION)           288

13.5        PORTER’S FIVE FORCES ANALYSIS             289

FIGURE 53           POSITION SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS (2020)     289

13.5.1    THREATS OF NEW ENTRANTS      290

13.5.2    THREATS OF SUBSTITUTES           290

13.5.3    BARGAINING POWER OF SUPPLIERS       290

13.5.4    BARGAINING POWER OF BUYERS             291

13.5.5    INTENSITY OF COMPETITIVE RIVALRY     291

13.6        POSITION SENSOR MARKET, BY TYPE      291

TABLE 124            POSITION SENSOR MARKET, BY TYPE, 2016–2019 (USD MILLION)               292

TABLE 125            POSITION SENSOR MARKET, BY TYPE, 2020–2026 (USD MILLION)               292

13.6.1    LINEAR POSITION SENSOR           292

13.6.1.1                Encoder               293

13.6.1.1.1             Optical encoder                293

13.6.1.1.2             Magnetic encoder           293

13.6.1.1.3             Inductive encoder           293

13.6.1.1.4             Capacitive encoder         293

13.6.1.2                Linear Variable Differential Transformer (LVDT) 294

13.6.1.3                Magnetostrictive Sensor              294

13.6.1.4                Potentiometer 294

13.6.1.5                Others 294

TABLE 126            LINEAR POSITION SENSOR MARKET, BY TYPE, 2016–2019 (USD MILLION)               295

TABLE 127            LINEAR POSITION SENSOR MARKET, BY TYPE, 2020–2026 (USD MILLION)               295

13.6.2    ROTARY POSITION SENSOR         295

13.6.2.1                Encoder               296

13.6.2.1.1             Optical rotary encoder   296

13.6.2.1.2             Magnetic rotary encoder              296

13.6.2.1.3             Mechanical rotary encoder          296

13.6.2.1.4             Capacitive rotary encoder            296

13.6.2.2                Potentiometer 297

13.6.2.3                Rotary Variable Differential Transformer (RVDT)               297

13.6.2.4                Resolver              297

FIGURE 54           RVDT TO LEAD ROTARY POSITION SENSOR MARKET IN 2021         297

TABLE 128            ROTARY POSITION SENSOR MARKET, BY TYPE, 2016–2019 (USD MILLION)              298

TABLE 129            ROTARY POSITION SENSOR MARKET, BY TYPE, 2020–2026 (USD MILLION)              298

13.7        POSITION SENSOR MARKET, BY SPECIFICATION 298

13.7.1    MARKET, BY CONTACT TYPE        298

TABLE 130            POSITION SENSOR MARKET, BY CONTACT TYPE, 2016–2019 (USD MILLION)          299

TABLE 131            POSITION SENSOR MARKET, BY CONTACT TYPE, 2020–2026 (USD MILLION)          299

13.7.1.1                Contact                299

13.7.1.1.1             Contact sensor—conventional sensing technology           299

13.7.1.2                Non-contact       299

13.7.1.2.1             Non-contact sensors gaining popularity over contact sensors      300

13.7.2    MARKET, BY OUTPUT     300

TABLE 132            POSITION SENSOR MARKET, BY OUTPUT, 2016–2019 (USD MILLION)       300

TABLE 133            POSITION SENSOR MARKET, BY OUTPUT, 2020–2026 (USD MILLION)       300

13.7.2.1                Analog 301

13.7.2.2                Digital    301

13.8        POSITION SENSOR MARKET, BY APPLICATION    301

FIGURE 55           MACHINE TOOLS APPLICATION TO LEAD POSITION SENSOR MARKET TILL 2026   301

TABLE 134            POSITION SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION)             302

TABLE 135            POSITION SENSOR MARKET, BY APPLICATION, 2020–2026 (USD MILLION)             302

13.8.1    TEST EQUIPMENT            303

13.8.1.1                Automotive, aerospace, industrial, and medical sectors use position sensors in test equipment to achieve high accuracy and precision         303

13.8.2    MATERIAL HANDLING    303

13.8.2.1                Material handling applications require position sensors to ensure safe and controlled operations              303

13.8.3    MACHINE TOOLS              303

13.8.3.1                Use of position sensors in machine tools enables higher degree of automation and versatility along with improved safety and energy efficiency 303

13.8.4    MOTION SYSTEMS           304

13.8.4.1                Position sensors in motion systems used to measure absolute or incremental displacement        304

13.8.5    ROBOTICS           304

13.9        POSITION SENSOR MARKET, BY END-USER INDUSTRY     304

TABLE 136            POSITION SENSOR MARKET, BY END-USER INDUSTRY,

2016–2019 (USD MILLION)           305

TABLE 137            POSITION SENSOR MARKET, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)          305

13.9.1    AUTOMOTIVE   306

13.9.1.1                On-vehicle application to account for largest share during forecast period             306

13.9.1.2                Body      306

13.9.1.3                Powertrain         306

13.9.1.4                Safety   306

13.9.2    AEROSPACE        306

13.9.2.1                Position sensors deployed in military aircraft due to their ability to withstand harsh environments            306

13.9.3    ELECTRONICS     307

13.9.3.1                Position sensors used in smartphones, gaming consoles, digital cameras, and home appliances drive growth                307

13.9.4    HEALTHCARE      307

13.9.4.1                Healthcare industry requires highly reliable position sensors that provide accurate information to ensure patient safety    307

13.9.5    MANUFACTURING          307

13.9.5.1                Manufacturing industry use position sensors owing to their ability to withstand harsher and corrosive environments   307

13.9.6    PACKAGING       308

13.9.6.1                Linear encoders, inductive position sensors, and proximity sensors used in packaging industry to enhance packaging machine performance              308

13.9.7    OTHERS                308

13.10     REGIONAL ANALYSIS      308

TABLE 138            POSITION SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION)        308

TABLE 139            POSITION SENSOR MARKET, BY REGION, 2020–2026 (USD MILLION)        309

13.10.1 NORTH AMERICA             309

13.10.2 EUROPE               309

13.10.3 APAC     310

13.10.4 ROW      310

13.11     COMPETITIVE LANDSCAPE           310

TABLE 140            RANKING OF TOP 5 PLAYERS IN POSITION SENSOR MARKET, 2020             310

TABLE 141            MARKET SHARE ANALYSIS OF POSITION SENSOR MARKET, 2020 311

14           LIGHT SENSOR MARKET                313

14.1        MARKET DEFINITION      314

14.2        MARKET DYNAMICS       314

FIGURE 56           LIGHT SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, CHALLENGES 314

14.2.1    DRIVERS               315

14.2.1.1                Rise in implementation of light sensors in smartphones and PC tablets   315

14.2.1.2                Advancements in automotive sector      315

14.2.1.3                Adoption of smart home technology      315

14.2.1.4                Use of exterior building lighting and outdoor lighting       316

14.2.2    RESTRAINTS       316

14.2.2.1                Inflexible sensing ranges              316

14.2.2.2                Low-cost sensors increasing threat of substandard quality            316

14.2.3    OPPORTUNITIES               316

14.2.3.1                Benefits of light sensors to create demand in industrial sector    316

14.2.3.2                Automation in machine vision to create huge opportunities         316

14.2.4    CHALLENGES      317

14.2.4.1                Increasing demand for miniaturization of sensors             317

14.3        PORTER’S FIVE FORCES ANALYSIS             317

FIGURE 57           LIGHT SENSOR MARKET: PORTER’S FIVE FORCES (2020) 317

14.3.1    INTENSITY OF COMPETITIVE RIVALRY     318

14.3.2    THREAT OF SUBSTITUTES              318

14.3.3    BARGAINING POWER OF BUYERS             318

14.3.4    BARGAINING POWER OF SUPPLIERS       318

14.3.5    THREAT OF NEW ENTRANTS        319

14.4        COVID-19 IMPACT ANALYSIS      319

TABLE 142            PRE-& POST-COVID-19 ANALYSIS, FOR LIGHT SENSOR MARKET,

2016–2026 (USD MILLION)           319

14.5        LIGHT SENSOR MARKET, BY FUNCTION 320

FIGURE 58           AMBIENT LIGHT SENSING FUNCTION TO GROW AT HIGHEST CAGR FROM 2021 TO 2026                320

TABLE 143            LIGHT SENSOR MARKET, BY FUNCTION, 2016–2019 (USD MILLION)           320

TABLE 144            LIGHT SENSOR MARKET, BY FUNCTION, 2020–2026 (USD MILLION)           321

14.5.1    AMBIENT LIGHT SENSING            321

14.5.2    PROXIMITY DETECTION 321

14.5.3    RGB COLOR SENSING     322

14.5.4    GESTURE RECOGNITION               322

14.5.5    UV/INFRARED LIGHT (IR) DETECTION      322

14.6        LIGHT SENSOR MARKET, BY OUTPUT       322

TABLE 145            LIGHT SENSOR MARKET, BY OUTPUT, 2016–2019 (USD MILLION)               322

TABLE 146            LIGHT SENSOR MARKET, BY OUTPUT, 2020–2026 (USD MILLION)               323

14.6.1    ANALOG              323

14.6.2    DIGITAL                323

14.7        LIGHT SENSOR MARKET, BY INTEGRATION           323

TABLE 147            LIGHT SENSOR MARKET, BY INTEGRATION, 2016–2019 (USD MILLION)    323

TABLE 148            LIGHT SENSOR MARKET, BY INTEGRATION, 2020–2026 (USD MILLION)    324

14.7.1    DISCRETE             324

14.7.2    COMBINATION 324

14.8        LIGHT SENSOR MARKET, BY APPLICATION            325

TABLE 149            LIGHT SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION)     325

TABLE 150            LIGHT SENSOR MARKET, BY APPLICATION, 2020–2026 (USD MILLION)     325

14.8.1    CONSUMER ELECTRONICS           326

14.8.1.1                Growing use of light sensor functions such as ambient light sensing, proximity detection, and RGB color sensing in handheld electronics is supporting the growth of the consumer electronics sector       326

14.8.2    AUTOMOTIVE   326

14.8.2.1                Light sensors are used in a variety of automotive applications including displays, dashboards, headlamps controls, and head-up displays 326

14.8.3    INDUSTRIAL       326

14.8.3.1                Growing use of ambient light sensors, and gesture recognition devices in the industrial application is driving the light sensor market 326

14.8.4    HOME AUTOMATION    327

14.8.4.1                Advancements in light sensor technology are expected to improve the ease of operation in the home automation sector.         327

14.8.5    HEALTHCARE      327

14.8.5.1                Healthcare is one of the fastest-growing industries for the light sensor market. 327

14.8.6    ENTERTAINMENT             327

14.8.6.1                Ambient light sensors are used to adjust the brightness of a television screen    327

14.8.7    SECURITY             327

14.8.7.1                Light sensors are used for indoor and outdoor security purposes              327

14.9        REGIONAL ANALYSIS      328

TABLE 151            LIGHT SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION)                328

TABLE 152            LIGHT SENSOR MARKET, BY REGION, 2020–2026 (USD MILLION)                328

14.9.1    NORTH AMERICA             328

14.9.2    EUROPE               329

14.9.3    APAC     329

14.9.4    ROW      329

14.10     COMPETITIVE LANDSCAPE           329

TABLE 153            TOP 5 PLAYERS IN LIGHT SENSOR MARKET, 2020                329

15           COMPANY PROFILES      330

15.1        KEY PLAYERS      330

(Business overview, Products/solutions/services offered, Recent developments, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats)*

15.1.1    TEXAS INSTRUMENTS    330

FIGURE 59           TEXAS INSTRUMENTS: COMPANY SNAPSHOT     330

15.1.2    TE CONNECTIVITY            333

FIGURE 60           TE CONNECTIVITY: COMPANY SNAPSHOT             333

15.1.3    BROADCOM (AVAGO)   336

FIGURE 61           BROADCOM: COMPANY SNAPSHOT        336

15.1.4    NXP SEMICONDUCTORS               338

FIGURE 62           NXP SEMICONDUCTORS: COMPANY SNAPSHOT                338

15.1.5    STMICROELECTRONICS 340

FIGURE 63           STMICROELECTRONICS: COMPANY SNAPSHOT 340

15.1.6    BOSCH SENSORTEC         343

15.1.7    TDK (INVENSENSE)          345

FIGURE 64           TDK: COMPANY SNAPSHOT         345

15.1.8    INFINEON TECHNOLOGIES           348

FIGURE 65           INFINEON TECHNOLOGIES: COMPANY SNAPSHOT           348

15.1.9    ANALOG DEVICES            351

FIGURE 66           ANALOG DEVICES: COMPANY SNAPSHOT             351

15.1.10 OMRON               353

FIGURE 67           OMRON: COMPANY SNAPSHOT                353

15.1.11 AMS AG               356

FIGURE 68           AMS AG: COMPANY SNAPSHOT                356

15.2        OTHER KEY PLAYERS        359

15.2.1    SENSIRION          359

15.2.2    HONEYWELL       360

15.2.3    SIEMENS              361

15.2.4    KNOWLES ELECTRONICS               362

15.2.5    ABB        362

15.2.6    SENSATA TECHNOLOGIES             363

15.2.7    EMERSON ELECTRIC        364

15.2.8    ASAHI KASEI CORPORATION       365

15.2.9    OMEGA ENGINEERING 366

15.2.10 MICROCHIP        366

15.2.11 ENDRESS+HAUSER MANAGEMENT AG 367

15.2.12 TELEDYNE TECHNOLOGIES INCORPORATED          367

15.2.13 FIGARO ENGINEERING INC.        368

15.2.14 SAFRAN COLIBRYS SA     368

*Details on Business overview, Products/solutions/services offered, Recent developments, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.

16           APPENDIX           369

16.1        INSIGHTS OF INDUSTRY EXPERTS              369

16.2        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 370

16.3        AVAILABLE CUSTOMIZATIONS   372

16.4        RELATED REPORTS           372

16.5        AUTHOR DETAILS             373

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

Publisher: MarketsandMarkets

# of Pages: 230

Publication Date: March, 2022

Price: $4,950 / User License

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

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

Publisher: MarketsandMarkets

# of Pages: 184

Publication Date: March, 2022

Price: $4,950 / User License

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