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Commercial Security System Market with COVID-19 Impact Analysis by Hardware (Fire Protection, Video Surveillance, Access Control), Service (System Int...

by Hardware (Fire Protection, Video Surveillance, Access Control), Service (System Integration, Remote Monitoring), Software, Vertical, and Geography

Publisher:        MarketsandMarkets

# of Pages:        235

Rating: 

1 User License $4,950

Publication Date:  February, 2021

Price:       $4,950 / User License




TABLE OF CONTENTS

 

1              INTRODUCTION                34

1.1          STUDY OBJECTIVES          34

1.2          MARKET DEFINITION AND SCOPE             34

1.2.1      INCLUSIONS AND EXCLUSIONS  35

1.3          STUDY SCOPE    35

1.3.1      MARKETS COVERED        35

FIGURE 1             COMMERCIAL SECURITY SYSTEM MARKET SEGMENTATION         35

1.3.2      REGIONAL SCOPE            36

1.3.3      YEARS CONSIDERED        36

1.4          CURRENCY          37

1.5          STAKEHOLDERS 37

2              RESEARCH METHODOLOGY         38

2.1          RESEARCH DATA               38

FIGURE 2             COMMERCIAL SECURITY SYSTEM MARKET: RESEARCH DESIGN    38

2.1.1      SECONDARY AND PRIMARY RESEARCH   39

2.1.2      SECONDARY DATA           39

2.1.2.1   Major secondary sources             40

2.1.2.2   Secondary sources          40

2.1.3      PRIMARY DATA 41

2.1.3.1   Primary interviews with experts               41

2.1.3.2   Key data from primary sources  41

2.1.3.3   Key industry insights      42

2.1.3.4   Breakdown of primaries               42

2.2          MARKET SIZE ESTIMATION          42

2.2.1      BOTTOM-UP APPROACH              43

FIGURE 3             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—BOTTOM-UP (DEMAND SIDE) – DEMAND FOR COMMERCIAL SECURITY SYSTEM              43

FIGURE 4             COMMERCIAL SECURITY SYSTEM MARKET: BOTTOM-UP APPROACH       43

2.2.2      TOP-DOWN APPROACH                43

FIGURE 5             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM COMMERCIAL SECURITY SYSTEM RELATED PRODUCTS    44

FIGURE 6             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE MARKET PLAYER                45

FIGURE 7             COMMERCIAL SECURITY SYSTEM MARKET: TOP-DOWN APPROACH         45

2.3          MARKET BREAKDOWN AND DATA TRIANGULATION        46

FIGURE 8             DATA TRIANGULATION 46

2.4          RESEARCH ASSUMPTIONS           47

TABLE 1                STUDY ASSUMPTIONS   47

2.5          LIMITATIONS     48

2.5.1      METHODOLOGY-RELATED LIMITATIONS                48

2.5.2      SCOPE-RELATED LIMITATIONS   48

3              EXECUTIVE SUMMARY  49

FIGURE 9             VIDEO SURVEILLANCE TO WITNESS HIGHEST CAGR IN COMMERCIAL SECURITY HARDWARE MARKET DURING FORECAST PERIOD         50

FIGURE 10           VIDEO SURVEILLANCE SOFTWARE TO WITNESS HIGHEST CAGR IN COMMERCIAL SECURITY SOFTWARE MARKET DURING FORECAST PERIOD      50

FIGURE 11           VIDEO SURVEILLANCE SERVICES TO WITNESS HIGHEST CAGR IN COMMERCIAL SECURITY SERVICE MARKET DURING FORECAST PERIOD         51

FIGURE 12           COMMERCIAL VERTICAL TO HOLD LARGEST SIZE OF COMMERCIAL SECURITY SYSTEM MARKET IN 2021    51

FIGURE 13           COMMERCIAL SECURITY SYSTEM MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 52

4              PREMIUM INSIGHTS       53

4.1          ATTRACTIVE OPPORTUNITIES IN COMMERCIAL SECURITY SYSTEM MARKET          53

FIGURE 14           INCREASING DEMAND FOR VIDEO SURVEILLANCE, FIRE PROTECTION SYSTEM, AND ACCESS CONTROL SYSTEM TO BOOST MARKET GROWTH    53

4.2          COMMERCIAL SECURITY HARDWARE MARKET, BY OFFERING      53

FIGURE 15           FIRE PROTECTION SYSTEM TO CONTINUE TO HOLD LARGEST SIZE OF COMMERCIAL SECURITY SYSTEM MARKET DURING FORECAST PERIOD      53

4.3          COMMERCIAL SECURITY SOFTWARE MARKET, BY OFFERING        54

FIGURE 16           VIDEO SURVEILLANCE SOFTWARE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2021   54

4.4          COMMERCIAL SECURITY SERVICE MARKET, BY OFFERING              54

FIGURE 17           SECURITY SYSTEM INTEGRATION SERVICES TO DOMINATE COMMERCIAL SECURITY SERVICE MARKET DURING FORECAST PERIOD         54

4.5          COMMERCIAL SECURITY SYSTEM MARKET, BY VERTICAL                55

FIGURE 18           COMMERCIAL VERTICAL TO HOLD LARGEST SIZE OF COMMERCIAL

SECURITY SYSTEM MARKET IN 2021         55

4.6          COMMERCIAL SECURITY SYSTEM MARKET, BY REGION   55

FIGURE 19           NORTH AMERICA TO ACCOUNT FOR LARGEST SIZE OF COMMERCIAL

SYSTEM MARKET THROUGH 2021–2026 55

5              MARKET OVERVIEW       56

5.1          INTRODUCTION                56

5.2          MARKET DYNAMICS       56

5.2.1      DRIVERS               56

FIGURE 20           COMMERCIAL SECURITY SYSTEM MARKET DRIVERS AND THEIR IMPACT 56

5.2.1.1   Rising number of terrorist attacks and organized crimes

across the world               56

TABLE 2                TOP 10 COUNTRIES WITH HIGHEST NUMBER OF TERROR ATTACKS

AND FATALITIES, 2019    57

5.2.1.2   Growing construction industry   57

5.2.1.3   Expanding adoption of IP cameras           58

5.2.1.4   Accelerating implementation of stringent fire protection-related regulations      58

5.2.1.5   Rising adoption of IoT-based security systems powered by

cloud computing platforms          59

5.2.2      RESTRAINTS       59

FIGURE 21           COMMERCIAL SECURITY SYSTEM MARKET RESTRAINTS AND THEIR IMPACT          59

5.2.2.1   High installation, maintenance, and ownership costs of commercial security systems       60

5.2.2.2   Major security and privacy concerns       60

5.2.3      OPPORTUNITIES               61

FIGURE 22           COMMERCIAL SECURITY SYSTEM MARKET OPPORTUNITIES AND THEIR IMPACT 61

5.2.3.1   Growing government and stakeholder funding for developing smart cities and employing city surveillance solutions                61

5.2.3.2   Rising adoption of ACaaS and VSaaS        61

5.2.3.3   Increasing periodic revision of fire protection-related regulatory compliances     62

5.2.4      CHALLENGES      62

FIGURE 23           COMMERCIAL SECURITY SYSTEM MARKET CHALLENGES AND THEIR IMPACT        62

5.2.4.1   Cybersecurity-related threats    63

5.2.4.2   Integration of user interfaces with fire protection system             63

6              INDUSTRY TRENDS          64

6.1          VALUE CHAIN ANALYSIS               64

FIGURE 24           VALUE CHAIN ANALYSIS: COMMERCIAL SECURITY SYSTEM MARKET         64

6.2          COMMERCIAL SECURITY SYSTEM ECOSYSTEM/MARKET MAPPING            65

FIGURE 25           ECOSYSTEM OF COMMERCIAL SECURITY SYSTEMS            65

6.3          COMMERCIAL SECURITY SYSTEM REGULATIONS                66

6.3.1      FIRE PROTECTION AND SAFETY REGULATIONS    66

TABLE 3                FIRE PROTECTION STANDARDS IN EUROPEAN COUNTRIES            67

6.3.2      VIDEO SURVEILLANCE PRIVACY AND WIRETAPPING REGULATIONS          67

6.3.3      GOVERNMENT REGULATIONS RELATED TO FAIR AND TRANSPARENT USE

OF BIOMETRIC SYSTEM-POWERED ACCESS CONTROL      68

6.4          KEY USE CASES  68

6.4.1      FIRE PROTECTION SYSTEM           68

6.4.1.1   Fire protection systems played major role in fighting

Australian wildfires         68

6.4.2      VIDEO SURVEILLANCE    68

6.4.2.1   Mandatory installation of CCTV cameras in Sharjah          68

6.4.3      ACCESS CONTROL SYSTEM           68

6.4.3.1   Eurostar has enabled biometric-enabled boarding for UK passengers      68

6.4.4      ENTRANCE CONTROL SYSTEM    68

6.4.4.1   Multi-biometric powered entrance control system in UAE enables seamless border crossing       68

6.5          PATENT ANALYSIS           69

TABLE 4                IMPORTANT INNOVATIONS AND PATENTS REGISTRATION           69

6.6          PORTER’S FIVE FORCES MODEL  71

TABLE 5                COMMERCIAL SECURITY SYSTEM MARKET: PORTER’S FIVE

FORCES ANALYSIS            71

6.7          AVERAGE SELLING PRICE              71

TABLE 6                AVERAGE SELING PRICE OF COMMERCIAL SECURITY SYSTEM HARDWARE, 2020–2026 (USD)         71

TABLE 7                AVERAGE SELING PRICE OF VIDEO SURVEILLANCE CAMERA, BY TYPE,

2020 (USD)          71

TABLE 8                AVERAGE SELING PRICE OF ACCESS CONTROL SYSTEM, BY TYPE, 2020 (USD)         72

6.7.1      PRICING TREND FOR COMMERCIAL SECURITY SYSTEM MARKET 72

6.8          TECHNOLOGY ANALYSIS               72

6.8.1      IOT-POWERED FIRE PROTECTION SYSTEM             72

6.8.2      CLOUD-BASED FIRE PROTECTION SYSTEM             73

6.8.3      VIDEO IMAGE SMOKE AND FLAME DETECTION SYSTEM 73

6.8.4      EMERGENCE OF CONTACTLESS BIOMETRICS        73

6.8.5      USE OF THERMAL CAMERAS IN ACCESS CONTROL             74

6.8.6      3D FACE RECOGNITION 74

6.8.7      INTELLIGENT AND CONTEXT-AWARE VIDEO DATA COLLECTION  74

6.8.8      MOBILE ACCESS CONTROL SYSTEM          74

6.9          TRADE AND TARIFF ANALYSIS     75

6.9.1      TRADE ANALYSIS FOR VIDEO SURVEILLANCE       75

TABLE 9                TELEVISION CAMERAS, DIGITAL CAMERAS, AND VIDEO CAMERA RECORDERS EXPORT, BY COUNTRY, 2015–2019 (USD MILLION)       75

TABLE 10              TELEVISION CAMERAS, DIGITAL CAMERAS, AND VIDEO CAMERA RECORDERS IMPORT, BY COUNTRY, 2015–2019 (USD MILLION)       76

6.9.2      TRADE ANALYSIS FOR FIRE PROTECTION SYSTEM               76

TABLE 11              FIRE EXTINGUISHERS EXPORT, BY COUNTRY, 2015–2019 (USD MILLION) 77

TABLE 12              FIRE EXTINGUISHERS IMPORT, BY COUNTRY, 2015–2019 (USD MILLION)                77

6.9.3      TARIFF ANALYSIS FOR VIDEO SURVEILLANCE AND FIRE

PROTECTION SYSTEMS  78

TABLE 13              MFN TARIFFS FOR TELEVISION CAMERAS, DIGITAL CAMERAS AND

VIDEO CAMERA RECORDERS EXPORTED BY CHINA            78

TABLE 14              MFN TARIFFS FOR TELEVISION CAMERAS, DIGITAL CAMERAS, AND

VIDEO CAMERA RECORDERS EXPORTED BY HONG KONG               78

TABLE 15              MFN TARIFFS FOR FIRE EXTINGUISHERS EXPORTED BY CHINA     79

TABLE 16              MFN TARIFFS FOR FIRE EXTINGUISHERS EXPORTED BY US             79

7              COMMERCIAL SECURITY SYSTEM MARKET, BY HARDWARE           80

7.1          INTRODUCTION                81

FIGURE 26           COMMERCIAL SECURITY HARDWARE MARKET, BY OFFERING      81

FIGURE 27           VIDEO SURVEILLANCE TO WITNESS HIGHEST CAGR IN COMMERCIAL SECURITY HARDWARE MARKET DURING FORECAST PERIOD         81

TABLE 17              COMMERCIAL SECURITY HARDWARE MARKET, BY OFFERING,

2017–2020 (USD BILLION)             82

TABLE 18              POST-COVID-19 COMMERCIAL SECURITY HARDWARE MARKET,

BY OFFERING, 2021–2026 (USD BILLION)               82

TABLE 19              PRE-COVID-19 COMMERCIAL SECURITY HARDWARE MARKET, BY OFFERING, 2021–2026 (USD BILLION)   82

TABLE 20              COMMERCIAL SECURITY HARDWARE MARKET, BY REGION,

2017–2020 (USD BILLION)             83

TABLE 21              POST-COVID-19 COMMERCIAL SECURITY HARDWARE MARKET, BY REGION, 2021–2026 (USD BILLION)    83

TABLE 22              PRE-COVID-19 COMMERCIAL SECURITY HARDWARE MARKET, BY REGION, 2021–2026 (USD BILLION)       83

7.2          FIRE PROTECTION SYSTEM           84

7.2.1      INCREASED SPENDING ON PROTECTING ASSETS FROM FIRE HAZARDS, ALONG WITH ROBUST GROWTH IN INFRASTRUCTURE DEVELOPMENT,

TO BOOST GROWTH       84

TABLE 23              COMMERCIAL FIRE PROTECTION SYSTEM MARKET, BY HARDWARE,

2017–2020 (USD BILLION)             84

TABLE 24              POST-COVID-19 COMMERCIAL FIRE PROTECTION SYSTEM MARKET,

BY HARDWARE, 2021–2026 (USD BILLION)            84

TABLE 25              PRE-COVID-19 COMMERCIAL FIRE PROTECTION SYSTEM MARKET,

BY HARDWARE, 2021–2026 (USD BILLION)            85

TABLE 26              COMMERCIAL FIRE PROTECTION SYSTEM HARDWARE MARKET, BY REGION, 2017–2020 (USD BILLION)    85

TABLE 27              POST-COVID-19 COMMERCIAL FIRE PROTECTION SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD BILLION)   85

TABLE 28              PRE-COVID-19 COMMERCIAL FIRE PROTECTION SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD BILLION)              86

7.2.2      FIRE DETECTION               86

7.2.2.1   Flame detectors               86

7.2.2.2   Smoke detectors             87

7.2.2.3   Heat detectors  87

TABLE 29              COMMERCIAL FIRE DETECTION SYSTEM HARDWARE MARKET, BY REGION, 2017–2020 (USD MILLION)     87

TABLE 30              POST-COVID-19 COMMERCIAL FIRE DETECTION SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD MILLION)             87

TABLE 31              PRE-COVID-19 COMMERCIAL FIRE DETECTION SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD MILLION)             88

7.2.3      FIRE SUPPRESSION          88

7.2.3.1   Fire detectors and control panels             89

7.2.3.2   Fire sprinklers, nozzles, caps, and control heads                89

7.2.3.3   Fire suppressor reagent                89

7.2.3.3.1               Chemical              89

7.2.3.3.2               Gaseous              89

7.2.3.3.3               Water   89

7.2.3.3.4               Foam     90

TABLE 32              COMMERCIAL FIRE SUPPRESSION SYSTEM HARDWARE MARKET,

BY REGION, 2017–2020 (USD MILLION)  90

TABLE 33              POST-COVID-19 COMMERCIAL FIRE SUPPRESSION SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD MILLION) 90

TABLE 34              PRE-COVID-19 COMMERCIAL FIRE SUPPRESSION SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD MILLION) 91

7.2.4      FIRE SPRINKLER SYSTEM               91

7.2.4.1   Wet       91

TABLE 35              ADVANTAGES AND DISADVANTAGES OF WET FIRE SPRINKLER SYSTEMS                91

7.2.4.2   Dry         92

7.2.4.3   Pre-action           92

7.2.4.4   Deluge  93

7.2.4.5   Other fire sprinkler systems        93

TABLE 36              COMMERCIAL FIRE SPRINKLER SYSTEM HARDWARE MARKET, BY REGION, 2017–2020 (USD MILLION)      93

TABLE 37              POST-COVID-19 COMMERCIAL FIRE SPRINKLER SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD MILLION)             94

TABLE 38              PRE-COVID-19 COMMERCIAL FIRE SPRINKLER SYSTEM HARDWARE

MARKET, BY REGION, 2021–2026 (USD MILLION)               94

7.2.5      FIRE RESPONSE 94

7.2.5.1   Emergency lighting systems        95

7.2.5.2   Voice evacuation and public alert systems            95

7.2.5.3   Secure communication systems                95

7.2.5.4   Fire alarm devices            95

TABLE 39              COMMERCIAL FIRE RESPONSE SYSTEM HARDWARE MARKET, BY REGION, 2017–2020 (USD MILLION)       95

TABLE 40              POST-COVID-19 COMMERCIAL FIRE RESPONSE SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD MILLION)             96

TABLE 41              PRE-COVID-19 COMMERCIAL FIRE RESPONSE SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD MILLION)             96

7.3          VIDEO SURVEILLANCE    96

7.3.1      TECHNOLOGICAL ADVANCEMENTS RESULTED IN THE AVAILABILITY OF

A VARIETY OF SURVEILLANCE CAMERAS                96

TABLE 42              COMMERCIAL VIDEO SURVEILLANCE MARKET, BY HARDWARE,

2017–2020 (USD BILLION)             97

TABLE 43              POST-COVID-19 COMMERCIAL VIDEO SURVEILLANCE MARKET,

BY HARDWARE, 2021–2026 (USD BILLION)            97

TABLE 44              PRE-COVID-19 COMMERCIAL VIDEO SURVEILLANCE MARKET,

BY HARDWARE, 2021–2026 (USD BILLION)            97

TABLE 45              COMMERCIAL VIDEO SURVEILLANCE HARDWARE MARKET, BY REGION, 2017–2020 (USD BILLION)            98

TABLE 46              POST-COVID-19 COMMERCIAL VIDEO SURVEILLANCE HARDWARE MARKET, BY REGION, 2021–2026 (USD BILLION)              98

TABLE 47              PRE-COVID-19 COMMERCIAL VIDEO SURVEILLANCE HARDWARE MARKET,

BY REGION, 2021–2026 (USD BILLION)    98

7.3.2      CAMERA              99

TABLE 48              IP CAMERA VS. ANALOG CAMERA           100

7.3.3      MONITOR           101

7.3.4      STORAGE DEVICE             101

7.3.4.1   Digital video recorders   101

7.3.4.1.1               Cost-effective solutions mainly used for analog cameras               101

7.3.4.2   Network video recorders             102

7.3.4.2.1               Easy to deploy and provide more flexibility          102

7.3.5      ACCESSORIES     102

7.3.5.1   Cables   102

7.3.5.2   Encoders             102

7.4          ACCESS CONTROL SYSTEM           102

7.4.1      BIOMETRIC READERS TO WITNESS HIGHEST CAGR IN ACCESS CONTROL MARKET, BY HARDWARE, DURING FORECAST PERIOD           102

TABLE 49              COMMERCIAL ACCESS CONTROL MARKET, BY HARDWARE,

2017–2020 (USD MILLION)           103

TABLE 50              POST-COVID-19 COMMERCIAL ACCESS CONTROL MARKET, BY HARDWARE, 2021–2026 (USD MILLION)   103

TABLE 51              PRE-COVID-19 COMMERCIAL ACCESS CONTROL MARKET, BY HARDWARE, 2021–2026 (USD MILLION)      103

TABLE 52              COMMERCIAL ACCESS CONTROL HARDWARE MARKET, BY REGION,

2017–2020 (USD MILLION)           104

TABLE 53              POST-COVID-19 COMMERCIAL ACCESS CONTROL HARDWARE MARKET,

BY REGION, 2021–2026 (USD MILLION)  104

TABLE 54              PRE-COVID-19 COMMERCIAL ACCESS CONTROL HARDWARE MARKET,

BY REGION, 2021–2026 (USD MILLION)  104

7.4.2      CARD-BASED READERS  105

7.4.2.1   Magnetic stripe cards and readers           105

7.4.2.2   Proximity cards and readers        105

7.4.2.3   Smart cards and readers               105

7.4.3      BIOMETRIC READERS      106

7.4.3.1   Fingerprint recognition  106

7.4.3.2   Palm recognition              107

7.4.3.3   Iris recognition  107

7.4.3.4   Facial recognition             107

7.4.3.5   Voice recognition             108

7.4.4      MULTI-TECHNOLOGY READERS  108

7.4.5      ELECTRONIC LOCKS         108

7.4.6      CONTROLLERS   109

7.4.7      OTHERS                109

7.5          ENTRANCE CONTROL SYSTEMS  109

7.5.1      MARKET FOR ENTRANCE CONTROL SYSTEMS FOR PEDESTRIANS IN APAC

TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD              109

TABLE 55              COMMERCIAL ENTRANCE CONTROL SYSTEM HARDWARE MARKET,

BY REGION, 2017–2020 (USD MILLION)  110

TABLE 56              POST-COVID-19 COMMERCIAL ENTRANCE CONTROL SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD MILLION) 110

TABLE 57              PRE-COVID-19 COMMERCIAL ENTRANCE CONTROL SYSTEM HARDWARE MARKET, BY REGION, 2021–2026 (USD MILLION) 110

8              COMMERCIAL SECURITY SYSTEM MARKET, BY SOFTWARE             111

8.1          INTRODUCTION                112

FIGURE 28           COMMERCIAL SECURITY SOFTWARE MARKET, BY OFFERING        112

FIGURE 29           VIDEO SURVEILLANCE SOFTWARE TO WITNESS HIGHEST CAGR IN POST-COVID-19 COMMERCIAL SECURITY SOFTWARE MARKET DURING

FORECAST PERIOD           112

TABLE 58              COMMERCIAL SECURITY SOFTWARE MARKET, BY OFFERING,

2017–2020 (USD BILLION)             112

TABLE 59              POST-COVID-19 COMMERCIAL SECURITY SOFTWARE MARKET, BY OFFERING, 2021–2026 (USD BILLION) 113

TABLE 60              PRE-COVID-19 COMMERCIAL SECURITY SOFTWARE MARKET, BY OFFERING, 2021–2026 (USD BILLION)    113

TABLE 61              COMMERCIAL SECURITY SOFTWARE MARKET, BY REGION,

2017–2020 (USD BILLION)             113

TABLE 62              POST-COVID-19 COMMERCIAL SECURITY SOFTWARE MARKET, BY REGION, 2021–2026 (USD BILLION)      114

TABLE 63              PRE-COVID-19 COMMERCIAL SECURITY SOFTWARE MARKET, BY REGION, 2021–2026 (USD BILLION)         114

8.2          FIRE ANALYSIS   115

8.2.1      FIRE ANALYSIS USES FIRE MAPPING AND ANALYSIS SOFTWARE AND FIRE MODELING AND SIMULATION SOFTWARE                115

TABLE 64              COMMERCIAL FIRE ANALYSIS MARKET, BY REGION,

2017–2020 (USD MILLION)           115

TABLE 65              POST-COVID-19 COMMERCIAL FIRE ANALYSIS MARKET, BY REGION,

2021–2026 (USD MILLION)           115

TABLE 66              PRE-COVID-19 COMMERCIAL FIRE ANALYSIS MARKET, BY REGION,

2021–2026 (USD MILLION)           115

8.2.2      FIRE MAPPING AND ANALYSIS SOFTWARE           116

8.2.3      FIRE MODELING AND SIMULATION SOFTWARE  116

8.3          VIDEO SURVEILLANCE SOFTWARE            116

8.3.1      RISING TRENDS OF DEEP LEARNING AND AI TO DRIVE MARKET GROWTH              116

TABLE 67              COMMERCIAL VIDEO SURVEILLANCE SOFTWARE MARKET, BY OFFERING, 2017–2020 (USD BILLION)         116

TABLE 68              POST-COVID-19 COMMERCIAL VIDEO SURVEILLANCE SOFTWARE MARKET, BY OFFERING, 2021–2026 (USD BILLION)              117

TABLE 69              PRE-COVID-19 COMMERCIAL VIDEO SURVEILLANCE SOFTWARE MARKET,

BY OFFERING, 2021–2026 (USD BILLION)               117

TABLE 70              COMMERCIAL VIDEO SURVEILLANCE SOFTWARE MARKET, BY REGION, 2017–2020 (USD MILLION)            117

TABLE 71              POST-COVID-19 COMMERCIAL VIDEO SURVEILLANCE SOFTWARE MARKET, BY REGION, 2021–2026 (USD MILLION)             117

TABLE 72              PRE-COVID-19 COMMERCIAL VIDEO SURVEILLANCE SOFTWARE MARKET,

BY REGION, 2021–2026 (USD MILLION)  118

8.3.2      VIDEO ANALYTICS            118

8.3.3      VIDEO MANAGEMENT SOFTWARE           118

8.3.4      SOFTWARE BY DEPLOYMENT MODE        119

8.3.4.1   On-premises      119

8.3.4.2   Cloud    119

8.4          ACCESS CONTROL SOFTWARE    119

8.4.1      COMPANIES OFFERING SOFTWARE WITH OPEN ARCHITECTURE TO COMBINE SECURITY EQUIPMENT AND SOFTWARE INTO SINGLE PLATFORM       119

TABLE 73              COMMERCIAL ACCESS CONTROL SOFTWARE MARKET, BY OFFERING,

2017–2020 (USD MILLION)           120

TABLE 74              POST-COVID-19 COMMERCIAL ACCESS CONTROL SOFTWARE MARKET,

BY OFFERING, 2021–2026 (USD MILLION)              120

TABLE 75              PRE-COVID-19 COMMERCIAL ACCESS CONTROL SOFTWARE MARKET,

BY OFFERING, 2021–2026 (USD MILLION)              120

TABLE 76              COMMERCIAL ACCESS CONTROL SOFTWARE MARKET, BY REGION,

2017–2020 (USD MILLION)           120

TABLE 77              POST-COVID-19 COMMERCIAL ACCESS CONTROL SOFTWARE MARKET,

BY REGION, 2021–2026 (USD MILLION)  121

TABLE 78              PRE-COVID-19 COMMERCIAL ACCESS CONTROL SOFTWARE MARKET,

BY REGION, 2021–2026 (USD MILLION)  121

8.4.2      VISITOR MANAGEMENT SYSTEM              121

8.4.3      OTHERS                121

9              COMMERCIAL SECURITY SYSTEM MARKET, BY SERVICE   122

9.1          INTRODUCTION                123

FIGURE 30           COMMERCIAL SECURITY SERVICE MARKET, BY OFFERING              123

FIGURE 31           VIDEO SURVEILLANCE SERVICES TO WITNESS HIGHEST CAGR IN COMMERCIAL SECURITY SERVICE MARKET DURING FORECAST PERIOD         123

TABLE 79              COMMERCIAL SECURITY SERVICE MARKET, BY OFFERING,

2017–2020 (USD BILLION)             123

TABLE 80              POST-COVID-19 COMMERCIAL SECURITY SERVICE MARKET, BY OFFERING, 2021–2026 (USD BILLION)       124

TABLE 81              PRE-COVID-19 COMMERCIAL SECURITY SERVICE MARKET, BY OFFERING, 2021–2026 (USD BILLION)          124

TABLE 82              COMMERCIAL SECURITY SERVICE MARKET, BY REGION,

2017–2020 (USD BILLION)             124

TABLE 83              POST-COVID-19 COMMERCIAL SECURITY SERVICE MARKET, BY REGION, 2021–2026 (USD BILLION)            125

TABLE 84              PRE-COVID-19 COMMERCIAL SECURITY SERVICE MARKET, BY REGION, 2021–2026 (USD BILLION)               125

9.2          SECURITY SYSTEMS INTEGRATION SERVICES        125

9.2.1      SECURITY SYSTEM INTEGRATION SERVICES TO OCCUPY LARGEST SHARE DURING FORECAST PERIOD        125

TABLE 85              COMMERCIAL SECURITY SYSTEM INTEGRATION SERVICE MARKET,

BY REGION, 2017–2020 (USD BILLION)    126

TABLE 86              POST-COVID-19 COMMERCIAL SECURITY SYSTEM INTEGRATION SERVICE MARKET, BY REGION, 2021–2026 (USD BILLION)   126

TABLE 87              PRE-COVID-19 COMMERCIAL SECURITY SYSTEM INTEGRATION SERVICE MARKET, BY REGION, 2021–2026 (USD BILLION)   126

9.3          REMOTE MONITORING SERVICES             127

9.3.1      NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET IN REMOTE MONITORING SERVICES MARKET      127

TABLE 88              COMMERCIAL SECURITY SYSTEM REMOTE MONITORING SERVICE MARKET, BY REGION, 2017–2020 (USD BILLION)              127

TABLE 89              POST-COVID-19 COMMERCIAL SECURITY SYSTEM REMOTE MONITORING SERVICE MARKET, BY REGION, 2021–2026 (USD BILLION)             127

TABLE 90              PRE-COVID-19 COMMERCIAL SECURITY SYSTEM REMOTE MONITORING SERVICE MARKET, BY REGION, 2021–2026 (USD BILLION)             128

9.4          FIRE PROTECTION SERVICES        128

9.4.1      FIRE PROTECTION SERVICES TO WITNESS HIGHEST GROWTH IN EUROPE                128

TABLE 91              COMMERCIAL FIRE PROTECTION SERVICE MARKET, BY OFFERING,

2017–2020 (USD BILLION)             128

TABLE 92              POST-COVID-19 COMMERCIAL FIRE PROTECTION SERVICE MARKET,

BY OFFERING, 2021–2026 (USD BILLION)               129

TABLE 93              PRE-COVID-19 COMMERCIAL FIRE PROTECTION SERVICE MARKET,

BY OFFERING, 2021–2026 (USD BILLION)               129

TABLE 94              COMMERCIAL FIRE PROTECTION SERVICE MARKET, BY REGION,

2017–2020 (USD BILLION)             129

TABLE 95              POST-COVID-19 COMMERCIAL FIRE PROTECTION SERVICE MARKET,

BY REGION, 2021–2026 (USD BILLION)    130

TABLE 96              PRE-COVID-19 COMMERCIAL FIRE PROTECTION SERVICE MARKET,

BY REGION, 2021–2026 (USD BILLION)    130

9.4.2      MAINTENANCE SERVICES             130

9.4.3      MANAGED SERVICES      131

9.4.4      ENGINEERING SERVICES               131

9.4.5      INSTALLATION AND DESIGN SERVICES   131

9.4.6      OTHER SERVICES              131

9.5          VIDEO SURVEILLANCE SERVICES                132

9.5.1      INSTALLATION AND MAINTENANCE SERVICES TO ACCOUNT FOR LARGEST MARKET IN VIDEO SURVEILLANCE SERVICE MARKET             132

TABLE 97              COMMERCIAL VIDEO SURVEILLANCE SERVICE MARKET, BY OFFERING, 2017–2020 (USD BILLION)               132

TABLE 98              POST-COVID-19 COMMERCIAL VIDEO SURVEILLANCE SERVICE MARKET,

BY OFFERING, 2021–2026 (USD BILLION)               132

TABLE 99              PRE-COVID-19 COMMERCIAL VIDEO SURVEILLANCE SERVICE MARKET,

BY OFFERING, 2021–2026 (USD BILLION)               132

TABLE 100            COMMERCIAL VIDEO SURVEILLANCE SERVICE MARKET, BY REGION,

2017–2020 (USD MILLION)           133

TABLE 101            POST-COVID-19 COMMERCIAL VIDEO SURVEILLANCE SERVICE MARKET,

BY REGION, 2021–2026 (USD MILLION)  133

TABLE 102            PRE-COVID-19 COMMERCIAL VIDEO SURVEILLANCE SERVICE MARKET,

BY REGION, 2021–2026 (USD MILLION)  133

9.5.2      VSAAS  134

9.5.2.1   Hosted 134

9.5.2.1.1               Rising adoption of cloud services drives growth of

hosted VSaaS market     134

9.5.2.2   Managed             134

9.5.2.2.1               Reduced operational costs provide opportunities for managed VSaaS     134

9.5.2.3   Hybrid   134

9.5.2.3.1               Ensure more data security, remote access, flexibility,

and scalability    134

9.5.3      INSTALLATION AND MAINTENANCE SERVICES    135

9.5.3.1   Growing video surveillance market drives growth of service market        135

9.6          ACCESS CONTROL SERVICES        135

9.6.1      GROWING IMPLEMENTATION OF SECURITY SOLUTIONS TO BOOST DEMAND FOR INSTALLATION AND INTEGRATION SERVICES               135

TABLE 103            COMMERCIAL ACCESS CONTROL SERVICE MARKET, BY OFFERING,

2017–2020 (USD MILLION)           135

TABLE 104            POST-COVID-19 COMMERCIAL ACCESS CONTROL SERVICE MARKET,

BY OFFERING, 2021–2026 (USD MILLION)              135

TABLE 105            PRE-COVID-19 COMMERCIAL ACCESS CONTROL SERVICE MARKET,

BY OFFERING, 2021–2026 (USD MILLION)              136

TABLE 106            COMMERCIAL ACCESS CONTROL SERVICE MARKET, BY REGION,

2017–2020 (USD MILLION)           136

TABLE 107            POST-COVID-19 COMMERCIAL ACCESS CONTROL SERVICE MARKET,

BY REGION, 2021–2026 (USD MILLION)  136

TABLE 108            PRE-COVID-19 COMMERCIAL ACCESS CONTROL SERVICE MARKET,

BY REGION, 2021–2026 (USD MILLION)  137

9.6.2      INSTALLATION AND INTEGRATION          137

9.6.3      SUPPORT AND MAINTENANCE  137

9.6.4      ACCESS CONTROL AS A SERVICE                137

9.6.4.1   Hosted ACaaS    138

9.6.4.2   Managed ACaaS               139

9.6.4.3   Hybrid ACaaS     139

10           COMMERCIAL SECURITY SYSTEM MARKET, BY VERTICAL                140

10.1        INTRODUCTION                141

FIGURE 32           COMMERCIAL SECURITY SYSTEM MARKET, BY VERTICAL                141

FIGURE 33           COMMERCIAL VERTICAL TO GROW AT HIGHEST CAGR DURING

FORECAST PERIOD           141

TABLE 109            COMMERCIAL SECURITY SYSTEM MARKET, BY VERTICAL,

2017–2020 (USD BILLION)             142

TABLE 110            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET, BY VERTICAL, 2021–2026 (USD BILLION)         142

TABLE 111            COMMERCIAL SECURITY SYSTEM MARKET FOR HARDWARE AND SOFTWARE OFFERING, BY VERTICAL, 2017–2020 (USD BILLION)         143

TABLE 112            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR HARDWARE AND SOFTWARE OFFERING, BY VERTICAL, 2021–2026 (USD BILLION)       143

TABLE 113            COMMERCIAL SECURITY SERVICE MARKET, BY VERTICAL,

2017–2020 (USD BILLION)             144

TABLE 114            POST-COVID-19 COMMERCIAL SECURITY SERVICE MARKET, BY VERTICAL, 2021–2026 (USD BILLION)         144

10.2        COMMERCIAL   145

10.2.1    USE OF SECURITY SYSTEMS MINIMIZES RISK OF ANY SECURITY BREACH

IN ANY SPACE    145

TABLE 115            COMMERCIAL SECURITY SYSTEM MARKET FOR COMMERCIAL VERTICAL,

BY OFFERING, 2017–2020 (USD BILLION)               145

TABLE 116            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR COMMERCIAL VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)             145

TABLE 117            COMMERCIAL SECURITY SYSTEM MARKET FOR COMMERCIAL VERTICAL,

BY REGION, 2017–2020 (USD BILLION)    146

TABLE 118            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2021–2026 (USD BILLION)         146

10.3        GOVERNMENT  146

10.3.1    DEMAND FROM GOVERNMENTS OF VARIOUS COUNTRIES TO RESTRICT UNAUTHORIZED ENTRY AND SAFEGUARDING ITS ASSETS        146

TABLE 119            COMMERCIAL SECURITY SYSTEM MARKET FOR GOVERNMENT VERTICAL,

BY OFFERING, 2017–2020 (USD BILLION)               147

TABLE 120            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)             147

TABLE 121            COMMERCIAL SECURITY SYSTEM MARKET FOR GOVERNMENT VERTICAL,

BY REGION, 2017–2020 (USD BILLION)    147

TABLE 122            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY REGION, 2021–2026 (USD BILLION)         147

10.4        TRANSPORTATION          148

10.4.1    RISE IN CRIMES AND VANDALISM-RELATED THREATS INCREASES NEED

FOR SURVEILLANCE        148

TABLE 123            COMMERCIAL SECURITY SYSTEM MARKET FOR TRANSPORTATION VERTICAL, BY OFFERING, 2017–2020 (USD BILLION)              148

TABLE 124            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR TRANSPORTATION VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)             148

TABLE 125            COMMERCIAL SECURITY SYSTEM MARKET FOR TRANSPORTATION VERTICAL, BY REGION, 2017–2020 (USD BILLION)              149

TABLE 126            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR TRANSPORTATION VERTICAL, BY REGION, 2021–2026 (USD BILLION)             149

10.5        RETAIL  149

10.5.1    INVESTING IN VIDEO SURVEILLANCE CAMERAS FOR SECURITY NEEDS PROVIDES NUMEROUS LONG-TERM BENEFITS                149

TABLE 127            COMMERCIAL SECURITY SYSTEM MARKET FOR RETAIL VERTICAL,

BY OFFERING, 2017–2020 (USD BILLION)               150

TABLE 128            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR RETAIL VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)   150

TABLE 129            COMMERCIAL SECURITY SYSTEM MARKET FOR RETAIL VERTICAL, BY REGION, 2017–2020 (USD BILLION) 150

TABLE 130            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR RETAIL VERTICAL, BY REGION, 2021–2026 (USD BILLION)   150

10.6        BANKING AND FINANCE               151

10.6.1    GOVERNMENT POLICIES AND REGULATIONS TO DRIVE MARKET GROWTH            151

TABLE 131            COMMERCIAL SECURITY SYSTEM MARKET FOR BANKING AND FINANCE VERTICAL, BY OFFERING, 2017–2020 (USD BILLION)   151

TABLE 132            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR BANKING AND FINANCE VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)     151

TABLE 133            COMMERCIAL SECURITY SYSTEM MARKET FOR BANKING AND FINANCE VERTICAL, BY REGION, 2017–2020 (USD BILLION)   152

TABLE 134            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR BANKING AND FINANCE VERTICAL, BY REGION, 2021–2026 (USD BILLION)          152

10.7        EDUCATION       152

10.7.1    FIRE PROTECTION SYSTEMS WITNESSING RISING ADOPTION IN EDUCATIONAL AND ACADEMIC BUILDINGS         152

TABLE 135            COMMERCIAL SECURITY SYSTEM MARKET FOR EDUCATION VERTICAL,

BY OFFERING, 2017–2020 (USD BILLION)               153

TABLE 136            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR EDUCATION VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)         153

TABLE 137            COMMERCIAL SECURITY SYSTEM MARKET FOR EDUCATION VERTICAL,

BY REGION, 2017–2020 (USD BILLION)    153

TABLE 138            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR EDUCATION VERTICAL, BY REGION, 2021–2026 (USD BILLION)         153

10.8        INDUSTRIAL       154

10.8.1    INCREASE IN TERROR THREATS AND INCIDENTS OF THEFT OF RAW MATERIALS DRIVING NEED FOR VIDEO SURVEILLANCE SYSTEMS              154

TABLE 139            COMMERCIAL SECURITY SYSTEM MARKET FOR INDUSTRIAL VERTICAL,

BY OFFERING, 2017–2020 (USD BILLION)               154

TABLE 140            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR INDUSTRIAL VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)         154

TABLE 141            COMMERCIAL SECURITY SYSTEM MARKET FOR INDUSTRIAL VERTICAL,

BY REGION, 2017–2020 (USD BILLION)    154

TABLE 142            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2021–2026 (USD BILLION)         155

10.9        ENERGY AND UTILITY     155

10.9.1    REAL-TIME VIDEO SURVEILLANCE OF POWER SUBSTATIONS PROVIDES AUTOMATIC MONITORING AND CONTROL CAPABILITIES     155

TABLE 143            COMMERCIAL SECURITY SYSTEM MARKET FOR ENERGY & UTILITY VERTICAL, BY OFFERING, 2017–2020 (USD BILLION)              155

TABLE 144            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR ENERGY

& UTILITY VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)     156

TABLE 145            COMMERCIAL SECURITY SYSTEM MARKET FOR ENERGY & UTILITY VERTICAL, BY REGION, 2017–2020 (USD BILLION)              156

TABLE 146            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR ENERGY & UTILITY VERTICAL, BY REGION, 2021–2026 (USD BILLION)             156

10.10     SPORTS AND LEISURE     157

10.10.1  VIDEO SURVEILLANCE—INVALUABLE TOOL IN ENHANCING SAFETY OF PEOPLE AND FACILITIES  157

TABLE 147            COMMERCIAL SECURITY SYSTEM MARKET FOR SPORTS AND LEISURE VERTICAL, BY OFFERING, 2017–2020 (USD BILLION)   157

TABLE 148            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR SPORTS

AND LEISURE VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)              157

TABLE 149            COMMERCIAL SECURITY SYSTEM MARKET FOR SPORTS AND LEISURE VERTICAL, BY REGION, 2017–2020 (USD BILLION)   157

TABLE 150            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR SPORTS

AND LEISURE VERTICAL, BY REGION, 2021–2026 (USD BILLION)   158

10.11     HEALTHCARE      158

10.11.1  HEALTHCARE INCREASINGLY ADOPTING BIOMETRICS FOR PATIENT IDENTIFICATION, PATIENT SECURITY, AND STAFF ATTENDANCE TRACKING 158

TABLE 151            COMMERCIAL SECURITY SYSTEM MARKET FOR HEALTHCARE VERTICAL,

BY OFFERING, 2017–2020 (USD BILLION)               159

TABLE 152            POST COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)         159

TABLE 153            COMMERCIAL SECURITY SYSTEM MARKET FOR HEALTHCARE VERTICAL,

BY REGION, 2017–2020 (USD BILLION)    159

TABLE 154            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY REGION, 2021–2026 (USD BILLION)         159

10.12     MILITARY & DEFENSE     160

10.12.1  ACCESS CONTROL WIDELY USED IN MILITARY & DEFENSE VERTICAL          160

TABLE 155            COMMERCIAL SECURITY SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY OFFERING, 2017–2020 (USD BILLION)   160

TABLE 156            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR MILITARY

& DEFENSE VERTICAL, BY OFFERING, 2021–2026 (USD BILLION)  160

TABLE 157            COMMERCIAL SECURITY SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY REGION, 2017–2020 (USD BILLION)              161

TABLE 158            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET FOR MILITARY

& DEFENSE VERTICAL, BY REGION, 2021–2026 (USD BILLION)       161

11           GEOGRAPHIC ANALYSIS                162

11.1        INTRODUCTION                163

FIGURE 34           REGIONAL SNAPSHOT: INDIA TO REGISTER HIGHEST CAGR IN GLOBAL COMMERCIAL SECURITY SYSTEM MARKET DURING FORECAST PERIOD      163

FIGURE 35           COMMERCIAL SECURITY SYSTEM MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 164

TABLE 159            COMMERCIAL SECURITY SYSTEM MARKET, BY REGION,

2017–2020 (USD BILLION)             164

TABLE 160            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET, BY REGION, 2021–2026 (USD BILLION)            164

TABLE 161            PRE-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET, BY REGION, 2021–2026 (USD BILLION)               165

11.2        NORTH AMERICA             165

11.2.1    NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET IN 2021  165

FIGURE 36           SNAPSHOT: COMMERCIAL SECURITY SYSTEM MARKET IN NORTH AMERICA         166

TABLE 162            COMMERCIAL SECURITY SYSTEM MARKET IN NORTH AMERICA,

BY COUNTRIES, 2017–2020 (USD BILLION)             166

TABLE 163            COMMERCIAL SECURITY SYSTEM MARKET IN NORTH AMERICA,

BY COUNTRIES, 2021–2026 (USD BILLION)             167

TABLE 164            COMMERCIAL SECURITY SYSTEM MARKET IN NORTH AMERICA,

BY OFFERING, 2017–2020 (USD BILLION)               167

TABLE 165            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD BILLION)   167

TABLE 166            PRE-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD BILLION)   167

TABLE 167            COMMERCIAL SECURITY SYSTEM MARKET IN NORTH AMERICA,

BY VERTICAL, 2017–2020 (USD BILLION) 168

TABLE 168            COMMERCIAL SECURITY SYSTEM MARKET IN NORTH AMERICA,

BY VERTICAL, 2021–2026 (USD BILLION) 168

11.2.2    US          169

11.2.3    CANADA              169

11.2.4    MEXICO               170

11.3        EUROPE               170

11.3.1    GROWING NEED FOR ADVANCED SECURITY TO ENSURE PROTECTION AGAINST TERRORIST ATTACKS       170

FIGURE 37           SNAPSHOT: COMMERCIAL SECURITY SYSTEM MARKET IN EUROPE            171

TABLE 169            COMMERCIAL SECURITY SYSTEM MARKET IN EUROPE, BY COUNTRIES, 2017–2020 (USD BILLION)               171

TABLE 170            COMMERCIAL SECURITY SYSTEM MARKET IN EUROPE, BY COUNTRIES, 2021–2026 (USD BILLION)               172

TABLE 171            COMMERCIAL SECURITY SYSTEM MARKET IN EUROPE, BY OFFERING,

2017–2020 (USD BILLION)             172

TABLE 172            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET IN EUROPE,

BY OFFERING, 2021–2026 (USD BILLION)               172

TABLE 173            PRE-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET IN EUROPE,

BY OFFERING, 2021–2026 (USD BILLION)               173

TABLE 174            COMMERCIAL SECURITY SYSTEM MARKET IN EUROPE, BY VERTICAL,

2017–2020 (USD BILLION)             173

TABLE 175            COMMERCIAL SECURITY SYSTEM MARKET IN EUROPE, BY VERTICAL,

2021–2026 (USD BILLION)             174

11.3.2    UK          174

11.3.3    GERMANY           175

11.3.4    FRANCE                176

11.3.5    ITALY     176

11.3.6    RUSSIA 176

11.3.7    REST OF EUROPE              176

11.4        APAC     177

11.4.1    SECURITY SYSTEMS TO WITNESS INCREASING ADOPTION IN APAC           177

FIGURE 38           SNAPSHOT: COMMERCIAL SECURITY SYSTEM MARKET IN APAC 177

TABLE 176            COMMERCIAL SECURITY SYSTEM MARKET IN APAC, BY COUNTRIES,

2017–2020 (USD BILLION)             178

TABLE 177            COMMERCIAL SECURITY SYSTEM MARKET IN APAC, BY COUNTRIES,

2021–2026 (USD BILLION)             178

TABLE 178            COMMERCIAL SECURITY SYSTEM MARKET IN APAC, BY OFFERING,

2017–2020 (USD BILLION)             178

TABLE 179            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET IN APAC,

BY OFFERING, 2021–2026 (USD BILLION)               179

TABLE 180            PRE-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET IN APAC,

BY OFFERING, 2021–2026 (USD BILLION)               179

TABLE 181            COMMERCIAL SECURITY SYSTEM MARKET IN APAC, BY VERTICAL,

2017–2020 (USD BILLION)             179

TABLE 182            COMMERCIAL SECURITY SYSTEM MARKET IN APAC, BY VERTICAL,

2021–2026 (USD BILLION)             180

11.4.2    CHINA   180

11.4.3    JAPAN  181

11.4.4    SOUTH KOREA   181

11.4.5    INDIA    182

11.4.6    REST OF APAC   182

11.5        ROW      183

11.5.1    INCREASING USE OF DIGITAL TECHNOLOGY TO DRIVE MARKET GROWTH              183

TABLE 183            COMMERCIAL SECURITY SYSTEM MARKET IN ROW, BY COUNTRIES,

2017–2020 (USD BILLION)             183

TABLE 184            COMMERCIAL SECURITY SYSTEM MARKET IN ROW, BY COUNTRIES,

2021–2026 (USD BILLION)             183

TABLE 185            COMMERCIAL SECURITY SYSTEM MARKET IN ROW, BY OFFERING,

2017–2020 (USD BILLION)             183

TABLE 186            POST-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET IN ROW,

BY OFFERING, 2021–2026 (USD BILLION)               184

TABLE 187            PRE-COVID-19 COMMERCIAL SECURITY SYSTEM MARKET IN ROW,

BY OFFERING, 2021–2026 (USD BILLION)               184

TABLE 188            COMMERCIAL SECURITY SYSTEM MARKET IN ROW, BY VERTICAL,

2017–2020 (USD BILLION)             184

TABLE 189            COMMERCIAL SECURITY SYSTEM MARKET IN ROW, BY VERTICAL,

2021–2026 (USD BILLION)             185

11.5.2    MIDDLE EAST & AFRICA 186

11.5.3    SOUTH AMERICA             186

12           COMPETITIVE LANDSCAPE           187

12.1        OVERVIEW          187

FIGURE 39           KEY DEVELOPMENTS IN COMMERCIAL SECURITY SYSTEM

MARKET (2018–2020)     188

12.2        MARKET SHARE ANALYSIS: COMMERCIAL SECURITY SYSTEM MARKET     188

TABLE 190            MARKET SHARE OF KEY PLAYERS IN COMMERCIAL SECURITY SYSTEM MARKET, 2020        189

12.3        REVENUE ANALYSIS OF TOP 5 PLAYERS IN COMMERCIAL SECURITY SYSTEM MARKET       189

FIGURE 40           REVENUE ANALYSIS OF TOP FIVE PLAYERS IN COMMERCIAL SECURITY MARKET (2016–2020)        189

12.4        COMPANY EVALUATION MATRIX             190

12.4.1    STARS   190

12.4.2    EMERGING LEADERS      190

12.4.3    PERVASIVE         190

12.4.4    PARTICIPANTS  190

FIGURE 41           COMMERCIAL SECURITY SYSTEM MARKET: COMPANY EVALUATION

MATRIX, 2020    191

12.5        STARTUP/SME EVALUATION MATRIX, 2020         191

12.5.1    PROGRESSIVE COMPANIES         191

12.5.2    RESPONSIVE COMPANIES            192

12.5.3    DYNAMIC COMPANIES  192

12.5.4    STARTING BLOCKS           192

FIGURE 42           COMMERCIAL SECURITY SYSTEM MARKET: STARTUP/SME EVALUATION MATRIX, 2020   192

13           COMPANY PROFILES      193

13.1        KEY PLAYERS      193

(Business Overview, Products/solutions/services offered, Recent Developments, SWOT Analysis, MnM View)*

13.1.1    JOHNSON CONTROLS     193

FIGURE 43           JOHNSON CONTROLS: COMPANY SNAPSHOT     193

13.1.2    HIKVISION          197

FIGURE 44           HIKVISION: COMPANY SNAPSHOT           197

13.1.3    CARRIER               201

FIGURE 45           CARRIER: COMPANY SNAPSHOT               201

13.1.4    HONEYWELL INTERNATIONAL    204

FIGURE 46           HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT     204

13.1.5    DAHUA TECHNOLOGY    207

FIGURE 47           DAHUA TECHNOLOGY: COMPANY SNAPSHOT    207

13.1.6    DORMAKABA HOLDING                213

FIGURE 48           DORMAKABA HOLDING: COMPANY SNAPSHOT 213

13.1.7    BOSCH SECURITY SYSTEMS          215

13.1.8    ADT        217

FIGURE 49           ADT: COMPANY SNAPSHOT        217

13.1.9    AXIS COMMUNICATIONS             220

13.1.10  SECOM 223

FIGURE 50           SECOM: COMPANY SNAPSHOT  223

13.1.11  ASSA ABLOY       225

FIGURE 51           ASSA ABLOY: COMPANY SNAPSHOT        225

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

13.2        RIGHT TO WIN   228

13.3        OTHER PLAYERS                229

13.3.1    SIEMENS              229

13.3.2    HALMA 229

13.3.3    HOCHIKI CORPORATION               230

13.3.4    FLIR SYSTEMS, INC.         230

13.3.5    ALLEGION PLC   231

13.3.6    NORTEK SECURITY AND CONTROL            231

13.3.7    ALARM.COM     232

13.3.8    AVIGILON           232

13.3.9    DALLMEIER ELECTRONIC GMBH & CO.KG              233

13.3.10  STANLEY CONVERGENT SECURITY SOLUTIONS, INC.         233

13.3.11  GUNNEBO AB    234

13.3.12  CONTROL4 CORPORATION          234

13.3.13  MINIMAX VIKING            235

14           APPENDIX           236

14.1        INSIGHTS FROM INDUSTRY EXPERTS       236

14.2        DISCUSSION GUIDE – COMMERCIAL SECURITY SYSTEM MARKET               237

14.3        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL   240

14.4        AVAILABLE CUSTOMIZATIONS   242

14.5        RELATED REPORTS           242

14.6        AUTHOR DETAILS             243

 

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

Publisher:        MarketsandMarkets

# of Pages:        230

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Publication Date:  March, 2022

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

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

Publisher:        MarketsandMarkets

# of Pages:        184

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Publication Date:  March, 2022

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