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Industrial Robotics Market with COVID-19 Impact Analysis by Type (Articulated, Collaborative Robots), Component, Payload, Application (Handling, Proce...

Publisher:        MarketsandMarkets

# of Pages:        355

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Publication Date:  June, 2021

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1 INTRODUCTION 46
1.1 STUDY OBJECTIVES 46
1.2 MARKET DEFINITION AND SCOPE 46
1.2.1 INCLUSIONS AND EXCLUSIONS 47
1.3 STUDY SCOPE 48
FIGURE 1 INDUSTRIAL ROBOTICS MARKET SEGMENTATION 48
1.3.1 YEARS CONSIDERED 49
1.4 CURRENCY AND PRICING 49
1.5 STAKEHOLDERS 49
1.6 SUMMARY OF CHANGES 50
2 RESEARCH METHODOLOGY 52
2.1 RESEARCH DATA 52
FIGURE 2 INDUSTRIAL ROBOTICS MARKET: RESEARCH DESIGN 52
2.1.1 SECONDARY DATA 53
2.1.1.1 Major secondary sources 53
2.1.1.2 Key data from secondary sources 54
2.1.2 PRIMARY DATA 55
2.1.2.1 Key data from primary sources 55
2.1.2.2 Breakdown of primaries 56
2.1.3 SECONDARY AND PRIMARY RESEARCH 57
2.1.3.1 Key industry insights 58
2.2 MARKET SIZE ESTIMATION 58
2.2.1 BOTTOM-UP APPROACH 59
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1–BOTTOM-UP (DEMAND SIDE): DEMAND FOR INDUSTRIAL ROBOTS IN US 59
FIGURE 4 INDUSTRIAL ROBOTICS MARKET: BOTTOM-UP APPROACH 59
2.2.2 TOP-DOWN APPROACH 60
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): REVENUE GENERATED FROM PRODUCTS IN INDUSTRIAL ROBOTICS
MARKET (EXCLUDING PRICES OF PERIPHERALS, SOFTWARE,
AND SYSTEM ENGINEERING) 60
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN INDUSTRIAL ROBOTICS MARKET 61
FIGURE 7 INDUSTRIAL ROBOTICS MARKET: TOP-DOWN APPROACH 61
2.2.3 MARKET PROJECTIONS 61
TABLE 1 MARKET GROWTH ASSUMPTIONS 62
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 63
FIGURE 8 DATA TRIANGULATION 63
2.4 RESEARCH ASSUMPTIONS 64
2.4.1 ASSUMPTIONS 64
2.5 LIMITATIONS 64
2.6 RISK ASSESSMENT 65
3 EXECUTIVE SUMMARY 66
FIGURE 9 GLOBAL PROPAGATION OF COVID-19 67
TABLE 2 RECOVERY SCENARIOS FOR GLOBAL ECONOMY 67
3.1 REALISTIC SCENARIO 68
3.2 OPTIMISTIC SCENARIO 68
3.3 PESSIMISTIC SCENARIO 68
FIGURE 10 GROWTH PROJECTIONS OF INDUSTRIAL ROBOTICS MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 69
FIGURE 11 IMPACT OF COVID-19 ON INDUSTRIAL ROBOTICS MARKET 69
FIGURE 12 ARTICULATED ROBOTS TO DOMINATE TRADITIONAL INDUSTRIAL ROBOTICS MARKET, IN TERMS OF VOLUME, THROUGHOUT FORECAST PERIOD 70
FIGURE 13 MARKET FOR 16.01–60.00 KG SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 71
FIGURE 14 TRADITIONAL INDUSTRIAL ROBOTICS MARKET FOR ROBOT ACCESSORIES IS EXPECTED TO GROW AT SIGNIFICANT RATE DURING FORECAST PERIOD 72
FIGURE 15 HANDLING APPLICATIONS TO HOLD LARGEST SHARE OF INDUSTRIAL ROBOTICS MARKET IN 2021 72
FIGURE 16 MARKET FOR FOOD & BEVERAGES INDUSTRY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 73
FIGURE 17 NORTH AMERICA WITNESSED GROWTH IN SHIPMENT OF INDUSTRIAL ROBOTS IN 2020 OVER 2019 DESPITE COVID-19 74
4 PREMIUM INSIGHTS 75
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INDUSTRIAL ROBOTICS MARKET 75
FIGURE 18 ANTICIPATED SHORTAGE OF SKILLED LABOR IN MANUFACTURING INDUSTRY IS EXPECTED TO FUEL MARKET GROWTH 75
4.2 INDUSTRIAL ROBOTICS MARKET, BY TYPE 75
FIGURE 19 TRADITIONAL ROBOTS TO HOLD LARGER SHARE OF MARKET IN 2021 75
4.3 INDUSTRIAL ROBOTICS MARKET, BY APPLICATION 76
FIGURE 20 HANDLING APPLICATION IS PROJECTED TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL ROBOTICS MARKET IN 2021 76
4.4 TRADITIONAL INDUSTRIAL ROBOTICS MARKET IN APAC, BY INDUSTRY V/S BY COUNTRY 76
FIGURE 21 AUTOMOTIVE INDUSTRY AND CHINA ARE ESTIMATED TO ACCOUNT FOR LARGEST SHARES OF TRADITIONAL INDUSTRIAL ROBOTICS MARKET IN 2021 76
4.5 INDUSTRIAL ROBOTICS MARKET, BY COUNTRY 77
FIGURE 22 CHINA TO HOLD LARGEST SHARE OF GLOBAL INDUSTRIAL ROBOTICS MARKET IN 2021 77
 
5 MARKET OVERVIEW 78
5.1 INTRODUCTION 78
5.2 MARKET DYNAMICS 78
FIGURE 23 ANTICIPATED SHORTAGE OF SKILLED LABORERS IN MANUFACTURING INDUSTRIES TO DRIVE INDUSTRIAL ROBOTICS MARKET 78
FIGURE 24 IMPACT OF DRIVERS AND OPPORTUNITIES ON INDUSTRIAL
ROBOTICS MARKET 79
FIGURE 25 IMPACT OF RESTRAINTS AND CHALLENGES ON INDUSTRIAL
ROBOTICS MARKET 80
5.2.1 DRIVERS 80
5.2.1.1 Growing demand for collaborative robots across all industries 80
FIGURE 26 COLLABORATIVE ROBOTS ARE EXPECTED TO WITNESS HIGH ADOPTION DURING FORECAST PERIOD 81
5.2.1.2 Anticipated shortage of skilled laborers in manufacturing industries 81
5.2.1.3 Initiatives by governments and public–private companies to
mitigate COVID-19 impact 82
TABLE 3 INCENTIVES OFFERED BY GOVERNMENTS OF KEY COUNTRIES TO INDUSTRIES 82
5.2.2 OPPORTUNITIES 83
5.2.2.1 Increasing automation in electronics industry 83
5.2.3 RESTRAINTS 84
5.2.3.1 High cost of deployment, especially for SMEs 84
5.2.3.2 Reduction of jobs due to automation 84
5.2.4 CHALLENGES 85
5.2.4.1 Interoperability and integration issues with industrial robots 85
5.2.4.2 Requirement of high level of expertise and safety issues associated with industrial robotic systems 85
5.2.4.3 Difficulties faced by startup companies in virtual demonstration of their products 86
5.3 SUPPLY CHAIN ANALYSIS 86
FIGURE 27 INDUSTRIAL ROBOTICS MARKET: SUPPLY CHAIN 86
5.3.1 PLANNING AND REVISING FUND 86
5.3.2 RESEARCH & DEVELOPMENT 87
5.3.3 MANUFACTURING 87
5.3.4 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES 87
5.3.5 SUPPLY CHAIN PARTICIPANTS 87
5.3.5.1 Industrial robot OEMs 87
TABLE 4 OEMS OF INDUSTRIAL ROBOTS 88
5.3.5.2 Suppliers 88
5.3.5.3 Robot integrators 88
5.3.5.4 Distributors 88
5.3.5.5 IT/big data companies 89
5.3.5.6 Research centers 89
 
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 89
5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDUSTRIAL
ROBOTICS MARKET 89
FIGURE 28 SHIFT IN CLIENTS’ REVENUES WITH EXTENDED LENS ON AUTOMOTIVE, ELECTRICAL AND ELECTRONICS, PHARMACEUTICALS AND COSMETICS,
AND LOGISTICS INDUSTRIES 90
5.5 ECOSYSTEM/MARKET MAP 91
FIGURE 29 INDUSTRIAL ROBOTICS ECOSYSTEM 91
TABLE 5 COMPANIES AND THEIR ROLE IN INDUSTRIAL ROBOTICS ECOSYSTEM 91
5.5.1 COMPONENT SUPPLIERS 93
5.5.2 ORIGINAL EQUIPMENT MANUFACTURERS 93
5.5.3 SYSTEM INTEGRATORS 93
5.5.4 ACCESSORY PROVIDERS 93
5.5.5 END USERS 93
5.6 PORTER’S FIVE FORCES ANALYSIS 94
TABLE 6 INDUSTRIAL ROBOTICS MARKET: PORTER’S FIVE FORCES ANALYSIS 94
5.6.1 INTENSITY OF COMPETITIVE RIVALRY 94
5.6.2 BARGAINING POWER OF SUPPLIERS 94
5.6.3 BARGAINING POWER OF BUYERS 94
5.6.4 THREAT OF SUBSTITUTES 94
5.6.5 THREAT OF NEW ENTRANTS 95
5.7 CASE STUDIES 95
5.7.1 PRODUCTION LINE INVOLVING COMPLETE COLLABORATION BETWEEN HUMANS AND ROBOTS 95
5.7.2 ROBOTIC INTEGRATION PROJECT PERFECTS DESIGN AND SPEED IMPLEMENTATION 96
5.7.3 SIGNIFICANT INCREASE IN PRODUCTION OF RESPIRATORY PROTECTION MASKS USING ABB’S ROBOT 96
5.7.4 AUTOMATION OF CALIBRATION PROCESS AT PERSCHMANN CALIBRATION GMBH WITH KUKA ROBOT 97
5.7.5 KUKA ROBOTS PRINT PROTECTIVE EQUIPMENT IN NORTHERN ITALY 97
5.8 TECHNOLOGY ANALYSIS 98
5.8.1 KEY TECHNOLOGY TRENDS 98
5.8.1.1 Integration of vision systems with industrial robots 98
5.8.1.2 Growing commercial use of collaborative robots 98
5.8.2 COMPLEMENTARY TECHNOLOGIES 99
5.8.2.1 Penetration of Industrial Internet of Things (IIoT) and AI in
industrial manufacturing 99
5.8.2.2 Adoption of safety sensors in industrial robotics 99
5.8.3 ADJACENT TECHNOLOGIES 100
5.8.3.1 Penetration of 5G in industrial manufacturing 100
5.9 AVERAGE SELLING PRICE (ASP) OF VARIOUS INDUSTRIAL ROBOTS 101
TABLE 7 AVERAGE SELLING PRICES OF VARIOUS INDUSTRIAL ROBOTS
BASED ON PAYLOAD CAPACITY 101
FIGURE 30 ASP TREND FOR INDUSTRIAL ROBOTIC SYSTEMS 102
FIGURE 31 ASP TREND FOR INDUSTRIAL ROBOTS BASED ON PAYLOAD CAPACITY 103
FIGURE 32 ASP TREND FOR INDUSTRIAL ROBOTS BASED ON APPLICATION 104
5.10 TRADE ANALYSIS 104
5.10.1 IMPORTS SCENARIO 104
5.10.1.1 Imports scenario of industrial robotics market 104
TABLE 8 IMPORTS OF INDUSTRIAL ROBOTS, 2012–2020 (USD MILLION) 105
5.10.2 EXPORTS SCENARIO 105
5.10.2.1 Exports scenario of industrial robotics market 105
TABLE 9 EXPORTS OF INDUSTRIAL ROBOTS, 2012–2020 (USD MILLION) 105
5.11 PATENTS ANALYSIS 106
TABLE 10 PATENTS FILED FOR VARIOUS TYPES OF INDUSTRIAL ROBOTS, 2018–2020 106
FIGURE 33 PATENTS RELATED TO INDUSTRIAL ROBOTS PUBLISHED
BETWEEN 2010 AND 2020 108
FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS DURING 2010–2020 109
5.12 TARIFFS 109
TABLE 11 MFN TARIFFS FOR INDUSTRIAL ROBOTS EXPORTED BY US 109
TABLE 12 MFN TARIFFS FOR INDUSTRIAL ROBOTS EXPORTED BY CHINA 110
5.12.1 POSITIVE IMPACT OF TARIFFS ON INDUSTRIAL ROBOTS 110
5.12.2 NEGATIVE IMPACT OF TARIFFS ON INDUSTRIAL ROBOTS 110
5.13 REGULATIONS AND STANDARDS 111
5.13.1 REGULATIONS AND STANDARDS IN NORTH AMERICA 111
5.13.2 REGULATIONS AND STANDARDS IN EUROPE 111
5.13.3 REGULATIONS AND STANDARDS IN APAC 111
6 INDUSTRIAL ROBOTICS MARKET, BY TYPE 112
6.1 INTRODUCTION 113
TABLE 13 INDUSTRIAL ROBOTICS MARKET, BY TYPE, 2017–2020 (USD MILLION) 113
FIGURE 35 MARKET FOR COLLABORATIVE ROBOTS TO GROW AT HIGHER CAGR
DURING FORECAST PERIOD 113
TABLE 14 INDUSTRIAL ROBOTICS MARKET, BY TYPE, 2021–2026 (USD MILLION) 114
TABLE 15 INDUSTRIAL ROBOTICS MARKET, BY TYPE, 2017–2020 (THOUSAND UNITS) 114
TABLE 16 INDUSTRIAL ROBOTICS MARKET, BY TYPE, 2021–2026 (THOUSAND UNITS) 114
TABLE 17 INDUSTRIAL ROBOTICS MARKET, BY VOLUME, 2017–2020 (UNITS) 114
TABLE 18 INDUSTRIAL ROBOTICS MARKET, BY VOLUME, 2021–2026 (UNITS) 115
6.2 TRADITIONAL INDUSTRIAL ROBOTS 116
TABLE 19 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS,
BY TYPE, 2017–2020 (USD MILLION) 116
TABLE 20 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS,
BY TYPE, 2021–2026 (USD MILLION) 116
TABLE 21 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS,
BY TYPE, 2017–2020 (UNITS) 117
FIGURE 36 MARKET FOR ARTICULATED ROBOTS TO REGISTER LARGEST
SHIPMENT IN 2021 117
TABLE 22 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS,
BY TYPE, 2021–2026 (UNITS) 117
TABLE 23 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS,
BY TYPE, 2017–2020 (USD BILLION) 118
TABLE 24 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS,
BY TYPE, 2021–2026 (USD BILLION) 118
6.2.1 ARTICULATED ROBOTS 119
6.2.1.1 Articulated robots held largest size of industrial robotics
market in 2020 119
FIGURE 37 REPRESENTATION OF 6-AXIS ARTICULATED ROBOT 119
TABLE 25 ARTICULATED ROBOTS: SUMMARY TABLE 119
TABLE 26 INDUSTRIAL ROBOTICS MARKET FOR ARTICULATED ROBOTS,
BY APPLICATION, 2017–2020 (USD BILLION) 120
TABLE 27 INDUSTRIAL ROBOTICS MARKET FOR ARTICULATED ROBOTS,
BY APPLICATION, 2021–2026 (USD BILLION) 120
TABLE 28 INDUSTRIAL ROBOTICS MARKET FOR ARTICULATED ROBOTS,
BY APPLICATION, 2017–2020 (UNITS) 120
TABLE 29 INDUSTRIAL ROBOTICS MARKET FOR ARTICULATED ROBOTS, BY APPLICATION, 2021–2026 (UNITS) 121
TABLE 30 INDUSTRIAL ROBOTICS MARKET FOR ARTICULATED ROBOTS, BY INDUSTRY, 2017–2020 (USD MILLION) 121
FIGURE 38 ARTICULATED ROBOT MARKET FOR PHARMACEUTICALS AND COSMETICS INDUSTRY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 122
TABLE 31 INDUSTRIAL ROBOTICS MARKET FOR ARTICULATED ROBOTS, BY INDUSTRY, 2021–2026 (USD MILLION) 122
TABLE 32 INDUSTRIAL ROBOTICS MARKET FOR ARTICULATED ROBOTS, BY INDUSTRY, 2017–2020(UNITS) 123
TABLE 33 INDUSTRIAL ROBOTICS MARKET FOR ARTICULATED ROBOTS, BY INDUSTRY, 2021–2026(UNITS) 123
6.2.2 SCARA ROBOTS 124
6.2.2.1 Market for SCARA robots to witness highest growth
during forecast period 124
FIGURE 39 REPRESENTATION OF 4-AXIS SCARA ROBOT 124
TABLE 34 SCARA ROBOTS: SUMMARY TABLE 125
TABLE 35 INDUSTRIAL ROBOTICS MARKET FOR SCARA ROBOTS, BY APPLICATION, 2017–2020 (USD MILLION) 125
TABLE 36 INDUSTRIAL ROBOTICS MARKET FOR SCARA ROBOTS, BY APPLICATION, 2021–2026 (USD MILLION) 125
TABLE 37 INDUSTRIAL ROBOTICS MARKET FOR SCARA ROBOTS, BY APPLICATION, 2017–2020 (UNITS) 126
FIGURE 40 SCARA ROBOTS WILL BE PRIMARILY SHIPPED FOR HANDLING APPLICATIONS DURING FORECAST PERIOD 126
TABLE 38 INDUSTRIAL ROBOTICS MARKET FOR SCARA ROBOTS, BY APPLICATION, 2021–2026 (UNITS) 126
TABLE 39 INDUSTRIAL ROBOTICS MARKET FOR SCARA ROBOTS, BY INDUSTRY,
2017–2020 (USD MILLION) 127
TABLE 40 INDUSTRIAL ROBOTICS MARKET FOR SCARA ROBOTS, BY INDUSTRY,
2021–2026 (USD MILLION) 127
TABLE 41 INDUSTRIAL ROBOTICS MARKET FOR SCARA ROBOTS,
BY INDUSTRY, 2017–2021 (UNITS) 128
TABLE 42 INDUSTRIAL ROBOTICS MARKET FOR SCARA ROBOTS,
BY INDUSTRY, 2021–2026 (UNITS) 128
6.2.3 PARALLEL ROBOTS 129
6.2.3.1 Parallel robots are ideal for moving small payloads
at very high speeds 129
FIGURE 41 REPRESENTATION OF PARALLEL ROBOT 129
TABLE 43 PARALLEL ROBOTS: SUMMARY TABLE 130
TABLE 44 INDUSTRIAL ROBOTICS MARKET FOR PARALLEL ROBOTS, BY APPLICATION, 2017–2020 (USD MILLION) 130
TABLE 45 INDUSTRIAL ROBOTICS MARKET FOR PARALLEL ROBOTS, BY APPLICATION, 2021–2026 (USD MILLION) 130
TABLE 46 INDUSTRIAL ROBOTICS MARKET FOR PARALLEL ROBOTS, BY APPLICATION, 2017–2020 (UNITS) 131
TABLE 47 INDUSTRIAL ROBOTICS MARKET FOR PARALLEL ROBOTS, BY APPLICATION, 2021–2026 (UNITS) 131
TABLE 48 INDUSTRIAL ROBOTICS MARKET FOR PARALLEL ROBOTS, BY INDUSTRY, 2017–2020 (USD MILLION) 132
FIGURE 42 PARALLEL ROBOT MARKET FOR PRECISION ENGINEERING AND OPTICS INDUSTRY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 132
TABLE 49 INDUSTRIAL ROBOTICS MARKET FOR PARALLEL ROBOTS, BY INDUSTRY, 2021–2026 (USD MILLION) 133
TABLE 50 INDUSTRIAL ROBOTICS MARKET FOR PARALLEL ROBOTS, BY INDUSTRY, 2017–2020 (UNITS) 133
TABLE 51 INDUSTRIAL ROBOTICS MARKET FOR PARALLEL ROBOTS, BY INDUSTRY, 2021–2026 (UNITS) 134
6.2.4 CARTESIAN ROBOTS 134
6.2.4.1 Cartesian robots have simple movements and are easy to program 134
FIGURE 43 REPRESENTATION OF GANTRY ROBOT 135
TABLE 52 CARTESIAN ROBOTS: SUMMARY TABLE 135
TABLE 53 INDUSTRIAL ROBOTICS MARKET FOR CARTESIAN ROBOTS, BY APPLICATION, 2017–2020 (USD MILLION) 135
TABLE 54 INDUSTRIAL ROBOTICS MARKET FOR CARTESIAN ROBOTS, BY APPLICATION, 2021–2026 (USD MILLION) 136
TABLE 55 INDUSTRIAL ROBOTICS MARKET FOR CARTESIAN ROBOTS, BY APPLICATION, 2017–2020 (UNITS) 136
FIGURE 44 PROCESSING APPLICATION TO WITNESS HIGHEST CAGR IN MARKET FOR CARTESIAN ROBOTS DURING FORECAST PERIOD 137
TABLE 56 INDUSTRIAL ROBOTICS MARKET FOR CARTESIAN ROBOTS, BY APPLICATION, 2021–2026 (UNITS) 137
TABLE 57 INDUSTRIAL ROBOTICS MARKET FOR CARTESIAN ROBOTS, BY INDUSTRY, 2017–2020 (USD MILLION) 138
TABLE 58 INDUSTRIAL ROBOTICS MARKET FOR CARTESIAN ROBOTS, BY INDUSTRY, 2021–2026(USD MILLION) 138
TABLE 59 INDUSTRIAL ROBOTICS MARKET FOR CARTESIAN ROBOTS, BY INDUSTRY, 2017–2020 (UNITS) 139
TABLE 60 INDUSTRIAL ROBOTICS MARKET FOR CARTESIAN ROBOTS,
BY INDUSTRY, 2021–2026 (UNITS) 139
6.2.5 OTHERS 140
6.2.5.1 Cylindrical robots 140
6.2.5.1.1 Cylindrical robots have cylindrical workspace 140
TABLE 61 CYLINDRICAL ROBOTS: SUMMARY TABLE 140
6.2.5.2 Spherical robots 140
6.2.5.2.1 Several modern industrial robots are based on
principle of spherical robots 140
TABLE 62 SPHERICAL ROBOTS: SUMMARY TABLE 141
6.2.5.3 Swing-arm robots 141
6.2.5.3.1 Swing-arm robots consist of oscillating arm and are used for low-cost applications 141
TABLE 63 SWING-ARM ROBOTS: SUMMARY TABLE 141
TABLE 64 INDUSTRIAL ROBOTICS MARKET FOR OTHER ROBOTS, BY APPLICATION, 2017–2021 (USD MILLION) 142
FIGURE 45 OTHER ROBOTS WILL PRIMARILY BE ADOPTED FOR HANDLING APPLICATIONS DURING FORECAST PERIOD 142
TABLE 65 INDUSTRIAL ROBOTICS MARKET FOR OTHER ROBOTS, BY APPLICATION, 2021–2026 (USD MILLION) 143
TABLE 66 INDUSTRIAL ROBOTICS MARKET FOR OTHER ROBOTS, BY APPLICATION, 2017–2020 (UNITS) 143
TABLE 67 INDUSTRIAL ROBOTICS MARKET FOR OTHER ROBOTS, BY APPLICATION, 2021–2026 (UNITS) 143
TABLE 68 INDUSTRIAL ROBOTICS MARKET FOR OTHER ROBOTS, BY INDUSTRY,
2017–2020 (USD MILLION) 144
TABLE 69 INDUSTRIAL ROBOTICS MARKET FOR OTHER ROBOTS, BY INDUSTRY,
2021–2026 (USD MILLION) 144
TABLE 70 INDUSTRIAL ROBOTICS MARKET FOR OTHER ROBOTS, BY INDUSTRY,
2017–2020 (UNITS) 145
TABLE 71 INDUSTRIAL ROBOTICS MARKET FOR OTHER ROBOTS, BY INDUSTRY,
2021–2026 (UNITS) 145
6.3 COLLABORATIVE INDUSTRIAL ROBOTS 146
6.3.1 COLLABORATIVE ROBOTS HAVE HUGE POTENTIAL IN INDUSTRIES AS
THEY CAN OPERATE SAFELY ALONG WITH HUMANS 146
TABLE 72 COLLABORATIVE INDUSTRIAL ROBOTS: SUMMARY TABLE 146
TABLE 73 INDUSTRIAL ROBOTICS MARKET FOR COLLABORATIVE ROBOTS,
IN TERMS OF VALUE AND VOLUME, 2017–2020 146
TABLE 74 INDUSTRIAL ROBOTICS MARKET FOR COLLABORATIVE ROBOTS,
IN TERMS OF VALUE AND VOLUME, 2021–2026 147
6.4 IMPACT OF COVID-19 ON INDUSTRIAL ROBOT TYPES 147
6.4.1 MORE IMPACTED TYPE 147
FIGURE 46 IMPACT OF COVID-19 ON TRADITIONAL ROBOTS MARKET 147
6.4.2 LESS IMPACTED TYPE 148
FIGURE 47 IMPACT OF COVID-19 ON COLLABORATIVE ROBOT MARKET 148
 
7 INDUSTRIAL ROBOTICS MARKET, BY PAYLOAD 149
7.1 INTRODUCTION 150
TABLE 75 INDUSTRIAL ROBOTICS MARKET, BY PAYLOAD, 2017–2020 (USD MILLION) 150
FIGURE 48 INDUSTRIAL ROBOTS WITH PAYLOAD RANGE OF 16.01 KG–60.00 KG TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD 151
TABLE 76 INDUSTRIAL ROBOTICS MARKET, BY PAYLOAD, 2021–2026 (USD MILLION) 151
TABLE 77 INDUSTRIAL ROBOTICS MARKET, BY PAYLOAD, 2017–2020 (UNITS) 151
TABLE 78 INDUSTRIAL ROBOTICS MARKET, BY PAYLOAD, 2021–2026 (UNITS) 152
7.2 UP TO 16.00 KG 152
7.2.1 INDUSTRIAL ROBOTS WITH PAYLOAD CAPACITY OF UP TO 16.00 KG
TO HOLD LARGEST SHARE IN 2021 152
TABLE 79 DIFFERENT TYPES OF INDUSTRIAL ROBOTS FOR UP TO 16.OO KG
PAYLOAD CAPACITY 153
7.3 16.01–60.00 KG 153
7.3.1 MARKET FOR ROBOTS WITH PAYLOAD CAPACITY 16.01–60.00 KG TO GROW AT FASTEST RATE DURING FORECAST PERIOD 153
TABLE 80 DIFFERENT TYPES OF INDUSTRIAL ROBOTS FOR 16.01–60.00 KG
PAYLOAD CAPACITY 153
7.4 60.01–225.00 KG 154
7.4.1 AUTOMOTIVE AND FOOD & BEVERAGES INDUSTRIES DRIVE MARKET FOR INDUSTRIAL ROBOTS WITH PAYLOAD CAPACITY 60.01–225.00 KG 154
TABLE 81 DIFFERENT TYPES OF INDUSTRIAL ROBOTS FOR 60.01–225.00 KG
PAYLOAD CAPACITY 154
7.5 MORE THAN 225.00 KG 154
7.5.1 AUTOMOTIVE INDUSTRY DRIVES MARKET FOR INDUSTRIAL ROBOTS
WITH MORE THAN 225.00 KG PAYLOAD CAPACITY 154
TABLE 82 DIFFERENT TYPES OF INDUSTRIAL ROBOTS FOR MORE THAN
225.00 KG PAYLOAD CAPACITY 155
8 INDUSTRIAL ROBOTICS MARKET, BY COMPONENT 156
8.1 INTRODUCTION 157
TABLE 83 TRADITIONAL INDUSTRIAL ROBOTICS MARKET, BY COMPONENT,
2017–2020 (USD MILLION) 157
FIGURE 49 ROBOT ACCESSORIES MARKET TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD 157
TABLE 84 INDUSTRIAL ROBOTICS MARKET, BY COMPONENT,
2021–2026 (USD MILLION) 158
8.2 ROBOT ARM 158
8.2.1 ROBOT ARM IS MOST IMPORTANT PART OF INDUSTRIAL ROBOTS,
WHICH IS RESPONSIBLE FOR FACILITATING THEIR MOTION 158
8.3 ROBOT ACCESSORIES 159
8.3.1 END EFFECTOR 159
8.3.1.1 Welding gun 159
8.3.1.1.1 Welding gun is most commonly used type of end effector 159
 
8.3.1.2 Gripper 160
8.3.1.2.1 Mechanical 160
8.3.1.2.1.1 Pneumatic grippers being cost-effective, are most commonly used across industries 160
8.3.1.2.2 Electric 160
8.3.1.2.2.1 Electric grippers are alternatives to pneumatic grippers 160
8.3.1.2.3 Magnetic 161
8.3.1.2.3.1 Magnetic grippers are exclusively used for handling ferromagnetic materials 161
TABLE 85 COMPARISON BETWEEN MECHANICAL, ELECTRIC, AND MAGNETIC GRIPPERS 161
8.3.1.3 Tool changer 161
8.3.1.3.1 Tool Changers act as locking mechanism between robot arm and tooling component 161
8.3.1.4 Clamp 162
8.3.1.4.1 Clamps are used in applications that require low grip force 162
8.3.1.5 Suction cup 162
8.3.1.5.1 Suction cups are most versatile types of end effectors owing to their modularity 162
8.3.1.6 Others (Deburring, milling, soldering, painting tools, and screwdrivers) 163
8.3.1.6.1 Deburring tools 163
8.3.1.6.2 Milling tools 163
8.3.1.6.3 Soldering tools 163
8.3.1.6.4 Painting tools 163
8.3.1.6.5 Screwdrivers 164
8.3.2 CONTROLLER 164
8.3.2.1 Controller is brain of industrial robotic arm 164
8.3.3 DRIVE UNITS 164
8.3.3.1 Hydraulic drive 164
8.3.3.1.1 Hydraulic drives are mostly used in applications across industries that require handling of heavy loads 164
8.3.3.2 Electric drive 165
8.3.3.2.1 Electric drives are mostly used in applications across industries that require high-speed and precision 165
8.3.3.3 Pneumatic drive 165
8.3.3.3.1 Pneumatic drives are mostly used in applications across industries that require handling of small to medium loads 165
8.3.4 VISION SYSTEMS 165
8.3.4.1 Vision system provide vision-based guidance to industrial
robotics systems 165
8.3.5 SENSORS 166
8.3.5.1 Sensors act as feedback mechanism for industrial robots
by interacting with manufacturing environment 166
8.3.6 POWER SUPPLY 166
8.3.6.1 Supply of AC/DC power enables operations in
industrial robotics systems 166
8.3.7 OTHERS 166
8.4 ADDITIONAL HARDWARE 167
8.4.1 SAFETY FENCING 167
8.4.1.1 Safety fencing acts as protective barrier between industrial robots and humans to safeguard against any accidents 167
8.4.2 FIXTURES 167
8.4.2.1 Fixtures are special-purpose tools that enhance functioning of industrial robots in pick-and-place applications 167
8.4.3 CONVEYORS 168
8.4.3.1 Conveyors are mostly used in tandem with industrial robots to aid them in pick-and-place operations 168
8.5 SYSTEM ENGINEERING 168
8.5.1 SYSTEM ENGINEERING IS INTEGRATION AND INSTALLATION OF ROBOTIC SYSTEM INTO ITS INDUSTRIAL ENVIRONMENT 168
8.6 SOFTWARE AND PROGRAMMING 169
8.6.1 SOFTWARE AND PROGRAMMING IS INSTALLATION OF DEDICATED SOFTWARE FOR INDUSTRIAL ROBOTICS APPLICATIONS 169
9 INDUSTRIAL ROBOTICS MARKET, BY APPLICATION 170
9.1 INTRODUCTION 171
TABLE 86 INDUSTRIAL ROBOTICS MARKET, BY APPLICATION, 2017–2020 (UNITS) 171
FIGURE 50 HANDLING APPLICATION TO HOLD LARGEST SHARE OF INDUSTRIAL ROBOTICS MARKET IN 2021 172
TABLE 87 INDUSTRIAL ROBOTICS MARKET, BY APPLICATION, 2021–2026 (UNITS) 172
TABLE 88 INDUSTRIAL ROBOTICS MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 173
TABLE 89 INDUSTRIAL ROBOTICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 173
TABLE 90 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS,
BY APPLICATION, 2017–2020 (USD MILLION) 174
TABLE 91 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS,
BY APPLICATION, 2021–2026 (USD MILLION) 174
TABLE 92 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS,
BY APPLICATION, 2017–2020 (THOUSAND UNITS) 175
TABLE 93 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS,
BY APPLICATION, 2021–2026 (THOUSAND UNITS) 175
TABLE 94 INDUSTRIAL ROBOTICS MARKET FOR COLLABORATIVE ROBOTS,
BY APPLICATION 2017–2020 (USD MILLION) 176
FIGURE 51 HANDLING APPLICATION TO HOLD LARGEST SIZE OF COLLABORATIVE INDUSTRIAL ROBOTS MARKET IN 2021 176
TABLE 95 INDUSTRIAL ROBOTICS MARKET FOR COLLABORATIVE ROBOTS,
BY APPLICATION 2021–2026 (USD MILLION) 176
TABLE 96 INDUSTRIAL ROBOTICS MARKET FOR COLLABORATIVE ROBOTS,
BY APPLICATION, 2017–2020 (UNITS) 177
TABLE 97 INDUSTRIAL ROBOTICS MARKET FOR COLLABORATIVE ROBOTS,
BY APPLICATION, 2021–2026 (UNITS) 177
 
9.2 HANDLING 178
9.2.1 HANDLING APPLICATION TO DOMINATE INDUSTRIAL ROBOTICS MARKET, IN TERMS OF SIZE, IN 2021 178
TABLE 98 COMPANIES OFFERING INDUSTRIAL ROBOTS FOR HANDLING APPLICATION 178
TABLE 99 INDUSTRIAL ROBOTICS MARKET FOR HANDLING APPLICATION,
BY ROBOT TYPE, 2017–2020 (UNITS) 178
TABLE 100 INDUSTRIAL ROBOTICS MARKET FOR HANDLING APPLICATION,
BY ROBOT TYPE, 2021–2026 (UNITS) 179
TABLE 101 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR HANDLING APPLICATION, BY ROBOT TYPE, 2017–2020 (UNITS) 179
TABLE 102 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR HANDLING APPLICATION, BY ROBOT TYPE, 2021–2026 (UNITS) 179
TABLE 103 INDUSTRIAL ROBOTICS MARKET FOR HANDLING APPLICATION,
BY ROBOT TYPE, 2017–2020 (USD MILLION) 180
TABLE 104 INDUSTRIAL ROBOTICS MARKET FOR HANDLING APPLICATION,
BY ROBOT TYPE, 2021–2026 (USD MILLION) 180
9.3 ASSEMBLING AND DISASSEMBLING 181
9.3.1 ASSEMBLING AND DISASSEMBLING APPLICATION REQUIRES ROBOTS THAT CAN DELIVER SPEED AND PRECISION 181
TABLE 105 COMPANIES OFFERING INDUSTRIAL ROBOTS FOR ASSEMBLING AND DISASSEMBLING APPLICATION 181
TABLE 106 INDUSTRIAL ROBOTICS MARKET FOR ASSEMBLING AND DISASSEMBLING APPLICATION, BY ROBOT TYPE, 2017–2020 (UNITS) 181
TABLE 107 INDUSTRIAL ROBOTICS MARKET FOR ASSEMBLING AND DISASSEMBLING APPLICATION, BY ROBOT TYPE, 2021–2026 (UNITS) 182
TABLE 108 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR ASSEMBLING AND DISASSEMBLING APPLICATION, BY ROBOT TYPE, 2017–2020 (UNITS) 182
TABLE 109 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR ASSEMBLING AND DISASSEMBLING APPLICATION, BY ROBOT TYPE, 2021–2026 (UNITS) 182
TABLE 110 INDUSTRIAL ROBOTICS MARKET FOR ASSEMBLING AND DISASSEMBLING APPLICATION, BY ROBOT TYPE, 2017–2020 (USD MILLION) 183
TABLE 111 INDUSTRIAL ROBOTICS MARKET FOR ASSEMBLING AND DISASSEMBLING APPLICATION, BY ROBOT TYPE, 2021–2026 (USD MILLION) 183
9.4 WELDING AND SOLDERING 184
9.4.1 ROBOTS WITH HOLLOW WRIST DESIGNS ARE USED FOR WELDING 184
TABLE 112 COMPANIES OFFERING INDUSTRIAL ROBOTS FOR WELDING &
SOLDERING APPLICATION 184
TABLE 113 INDUSTRIAL ROBOTICS MARKET FOR WELDING AND SOLDERING APPLICATION, BY ROBOT TYPE, 2017–2020 (UNITS) 184
TABLE 114 INDUSTRIAL ROBOTICS MARKET FOR WELDING AND SOLDERING APPLICATION, BY ROBOT TYPE, 2021–2026 (UNITS) 185
TABLE 115 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR WELDING AND SOLDIERING APPLICATION, BY ROBOT TYPE, 2017–2020 (UNITS) 185
TABLE 116 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR WELDING AND SOLDIERING APPLICATION, BY ROBOT TYPE, 2021–2026 (UNITS) 185
TABLE 117 INDUSTRIAL ROBOTICS MARKET FOR WELDING AND SOLDERING APPLICATION, BY ROBOT TYPE, 2017–2020 (USD MILLION) 186
TABLE 118 INDUSTRIAL ROBOTICS MARKET FOR WELDING AND SOLDERING APPLICATION, BY ROBOT TYPE, 2021–2026 (USD MILLION) 186
9.5 DISPENSING 187
TABLE 119 COMPANIES OFFERING INDUSTRIAL ROBOTS FOR DISPENSING APPLICATION 187
9.5.1 GLUING 187
9.5.1.1 Automotive and electronics industries require highly
precise adhesive dispensers 187
9.5.2 PAINTING 187
9.5.2.1 Robots used for painting must be explosion- and
contamination-proof 187
9.5.3 FOOD DISPENSING 188
9.5.3.1 Dispensing robots used in food industry must be certified 188
TABLE 120 INDUSTRIAL ROBOTICS MARKET FOR DISPENSING APPLICATION,
BY ROBOT TYPE, 2017–2020 (UNITS) 188
TABLE 121 INDUSTRIAL ROBOTICS MARKET FOR DISPENSING APPLICATION,
BY ROBOT TYPE, 2021–2026 (UNITS) 188
TABLE 122 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR DISPENSING APPLICATION, BY ROBOT TYPE, 2017–2020 (UNITS) 188
TABLE 123 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR DISPENSING APPLICATION, BY ROBOT TYPE, 2021–2026 (UNITS) 189
TABLE 124 INDUSTRIAL ROBOTICS MARKET FOR DISPENSING APPLICATION,
BY ROBOT TYPE, 2017–2020 (USD MILLION) 189
TABLE 125 INDUSTRIAL ROBOTICS MARKET FOR DISPENSING APPLICATION,
BY ROBOT TYPE, 2021–2026 (USD MILLION) 189
9.6 PROCESSING 190
TABLE 126 COMPANIES OFFERING INDUSTRIAL ROBOTS FOR
PROCESSING APPLICATION 190
9.6.1 GRINDING AND POLISHING 190
9.6.1.1 Automated grinding and polishing improve consistency of finish for each workpiece 190
9.6.2 MILLING 190
9.6.2.1 Robotic milling is ideal for large workpieces 190
9.6.3 CUTTING 191
9.6.3.1 Robotic cutting is employed in variety of industries 191
TABLE 127 INDUSTRIAL ROBOTICS MARKET FOR PROCESSING APPLICATION,
BY ROBOT TYPE, 2017–2020 (UNITS) 191
TABLE 128 INDUSTRIAL ROBOTICS MARKET FOR PROCESSING APPLICATION,
BY ROBOT TYPE, 2021–2026 (UNITS) 191
TABLE 129 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR PROCESSING APPLICATION, BY ROBOT TYPE, 2017–2020 (UNITS) 191
TABLE 130 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR PROCESSING APPLICATION, BY ROBOT TYPE, 2021–2026 (UNITS) 192
TABLE 131 INDUSTRIAL ROBOTICS MARKET FOR PROCESSING APPLICATION,
BY ROBOT TYPE, 2017–2020 (USD MILLION) 192
TABLE 132 INDUSTRIAL ROBOTICS MARKET FOR PROCESSING APPLICATION,
BY ROBOT TYPE, 2021–2026 (USD MILLION) 192
9.7 OTHERS 193
TABLE 133 COMPANIES OFFERING INDUSTRIAL ROBOTS FOR OTHER APPLICATIONS 193
9.7.1 INSPECTION AND QUALITY TESTING 193
9.7.1.1 Automated inspection enhances repeatability of
inspection procedures 193
9.7.2 DIE-CASTING AND MOLDING 194
9.7.2.1 Foundry and forging robots are used in die-casting and
molding applications 194
TABLE 134 INDUSTRIAL ROBOTICS MARKET FOR OTHER APPLICATIONS, BY ROBOT TYPE, 2017–2020 (UNITS) 194
TABLE 135 INDUSTRIAL ROBOTICS MARKET FOR OTHER APPLICATIONS, BY ROBOT TYPE, 2021–2026 (UNITS) 194
TABLE 136 TRADITIONAL INDUSTRIAL ROBOT MARKET FOR OTHER APPLICATIONS,
BY ROBOT TYPE, 2017–2020 (UNITS) 195
TABLE 137 TRADITIONAL INDUSTRIAL ROBOT MARKET FOR OTHER APPLICATIONS,
BY ROBOT TYPE, 2021–2026 (UNITS) 195
TABLE 138 INDUSTRIAL ROBOTICS MARKET FOR OTHER APPLICATIONS, BY ROBOT TYPE, 2017–2020 (USD MILLION) 195
TABLE 139 INDUSTRIAL ROBOTICS MARKET FOR OTHER APPLICATIONS, BY ROBOT TYPE, 2021–2026 (USD MILLION) 196
9.8 IMPACT OF COVID-19 ON INDUSTRIAL ROBOTICS MARKET, BY APPLICATION 196
9.8.1 MOST IMPACTED APPLICATION 196
FIGURE 52 IMPACT OF COVID-19 ON INDUSTRIAL ROBOTICS MARKET FOR
PROCESSING APPLICATION 196
9.8.2 LEAST IMPACTED APPLICATION 197
FIGURE 53 IMPACT OF COVID-19 ON INDUSTRIAL ROBOTICS MARKET FOR
HANDLING APPLICATION 197
10 INDUSTRIAL ROBOTICS MARKET, BY INDUSTRY 198
10.1 INTRODUCTION 199
TABLE 140 INDUSTRIAL ROBOTICS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION) 199
FIGURE 54 AUTOMOTIVE INDUSTRY TO MAINTAIN LARGEST SIZE OF INDUSTRIAL ROBOTICS MARKET DURING FORECAST PERIOD 199
TABLE 141 INDUSTRIAL ROBOTICS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION) 200
TABLE 142 INDUSTRIAL ROBOTICS MARKET, BY INDUSTRY, 2017–2020 (UNITS) 200
TABLE 143 INDUSTRIAL ROBOTICS MARKET, BY INDUSTRY, 2021–2026 (UNITS) 201
TABLE 144 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS, BY INDUSTRY, 2017–2020 (USD MILLION) 202
FIGURE 55 AUTOMOTIVE TO MAINTAIN LARGEST SIZE OF TRADITIONAL INDUSTRIAL ROBOTS MARKET DURING FORECAST PERIOD 202
TABLE 145 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS, BY INDUSTRY, 2021–2026(USD MILLION) 203
TABLE 146 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS, BY INDUSTRY, 2017–2020 (UNITS) 204
TABLE 147 INDUSTRIAL ROBOTICS MARKET FOR TRADITIONAL ROBOTS, BY INDUSTRY, 2021–2026 (UNITS) 204
TABLE 148 INDUSTRIAL ROBOTICS MARKET FOR COLLABORATIVE ROBOTS,
BY INDUSTRY, 2017–2020 (USD MILLION) 205
FIGURE 56 ELECTRICAL AND ELECTRONICS INDUSTRY TO RECORD HIGHEST CAGR IN MARKET FOR COLLABORATIVE ROBOTS DURING FORECAST PERIOD 205
TABLE 149 INDUSTRIAL ROBOTICS MARKET FOR COLLABORATIVE ROBOTS,
BY INDUSTRY, 2021–2026 (USD MILLION) 206
TABLE 150 INDUSTRIAL ROBOTICS MARKET FOR COLLABORATIVE ROBOTS,
BY INDUSTRY, 2017–2020 (UNITS) 206
TABLE 151 INDUSTRIAL ROBOTICS MARKET FOR COLLABORATIVE ROBOTS,
BY INDUSTRY, 2021–2026 (UNITS) 207
10.2 AUTOMOTIVE 208
10.2.1 AUTOMOTIVE INDUSTRY ACCOUNTED FOR LARGEST SIZE OF INDUSTRIAL ROBOTICS MARKET IN 2020 208
TABLE 152 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR AUTOMOTIVE INDUSTRY,
BY REGION, 2017–2020 (UNITS) 208
FIGURE 57 AUTOMOTIVE INDUSTRY IN APAC TO MAINTAIN LARGEST SHARE DURING FORECAST PERIOD 209
TABLE 153 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR AUTOMOTIVE INDUSTRY,
BY REGION, 2021–2026 (UNITS) 209
TABLE 154 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR AUTOMOTIVE INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2020 (UNITS) 210
TABLE 155 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR AUTOMOTIVE INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2021–2026 (UNITS) 210
TABLE 156 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR AUTOMOTIVE INDUSTRY IN EUROPE, BY COUNTRY, 2017–2020 (UNITS) 210
TABLE 157 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR AUTOMOTIVE INDUSTRY IN EUROPE, BY COUNTRY, 2021–2026 (UNITS) 211
TABLE 158 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR AUTOMOTIVE INDUSTRY IN APAC, BY COUNTRY, 2017–2020 (UNITS) 211
TABLE 159 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR AUTOMOTIVE INDUSTRY IN APAC, BY COUNTRY, 2021–2026 (UNITS) 212
TABLE 160 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR AUTOMOTIVE INDUSTRY IN ROW, BY REGION, 2017–2020 (UNITS) 212
TABLE 161 TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR AUTOMOTIVE INDUSTRY IN ROW, BY REGION, 2021–2026 (UNITS) 213

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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1 User License $4,950

Publication Date:  March, 2022

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

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

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# of Pages:        184

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Publication Date:  March, 2022

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