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Head-mounted Display Market with COVID-19 Impact Analysis by Type, Technology (AR, VR), Application (Consumer, Commercial, Enterprise & Industry, Aero...

Publisher:        MarketsandMarkets

# of Pages:        235

Rating: 

1 User License $4,950

Publication Date:  June, 2021

Price:       $4,950 / User License




1 INTRODUCTION 23
1.1 STUDY OBJECTIVES 23
1.2 MARKET DEFINITION AND SCOPE 23
1.3 INCLUSIONS AND EXCLUSIONS 24
1.4 STUDY SCOPE 25
1.4.1 MARKETS COVERED 25
FIGURE 1 MARKET SEGMENTATION 25
1.4.2 GEOGRAPHIC SCOPE 25
1.4.3 YEARS CONSIDERED 26
1.5 CURRENCY 26
1.6 PACKAGE SIZE 26
1.7 STAKEHOLDERS 26
1.8 SUMMARY OF CHANGES 27
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
FIGURE 2 HMD MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 28
FIGURE 3 HMD MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 29
2.1.1.1 Key data from secondary sources 30
2.1.2 PRIMARY DATA 30
2.1.2.1 Breakdown of primaries 31
2.1.2.2 Key industry insights 31
2.2 MARKET SIZE ESTIMATION 32
FIGURE 4 HMD MARKET: RESEARCH METHODOLOGY 32
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY 33
2.2.1 BOTTOM-UP APPROACH 34
2.2.1.1 Estimating market size by bottom-up analysis (demand side) 34
FIGURE 6 HMD MARKET: BOTTOM-UP APPROACH 34
FIGURE 7 MARKET SIZE CALCULATION BY BOTTOM-UP APPROACH 35
2.2.2 TOP-DOWN APPROACH 35
2.2.2.1 Estimating market size by top-down analysis (supply side) 36
FIGURE 8 HMD MARKET: TOP-DOWN APPROACH 36
FIGURE 9 MARKET SIZE CALCULATION BY TOP-DOWN APPROACH 36
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 37
FIGURE 10 DATA TRIANGULATION 37
2.4 RESEARCH ASSUMPTIONS 38
FIGURE 11 ASSUMPTIONS FOR THE RESEARCH STUDY 38
3 EXECUTIVE SUMMARY 39
FIGURE 12 HEAD-MOUNTED DISPLAY MARKET, 2017–2026 (USD MILLION) 40
FIGURE 13 VIRTUAL REALITY TO HOLD LARGER SHARE OF HMD MARKET IN 2021 40
FIGURE 14 CONSUMER APPLICATION TO LEAD HMD MARKET FROM 2021 TO 2026 41
FIGURE 15 HMD MARKET, BY GEOGRAPHY, 2021 42
3.1 IMPACT OF COVID-19 ON HEAD-MOUNTED DISPLAY MARKET 43
FIGURE 16 IMPACT OF COVID-19 ON HEAD-MOUNTED DISPLAY MARKET 43
3.1.1 REALISTIC SCENARIO (POST-COVID-19) 43
3.1.2 OPTIMISTIC SCENARIO (POST-COVID-19) 43
3.1.3 PESSIMISTIC SCENARIO (POST-COVID-19) 43
4 PREMIUM INSIGHTS 44
4.1 HEAD-MOUNTED DISPLAY MARKET IS LIKELY TO WITNESS SIGNIFICANT GROWTH ACROSS REGIONS 44
FIGURE 17 GROWING DEMAND FOR HMDS IN HEALTHCARE AND ENTERPRISE APPLICATIONS TO DRIVE MARKET GROWTH DURING FORECAST PERIOD 44
4.2 HMD MARKET IN APAC, BY APPLICATION AND COUNTRY 44
FIGURE 18 ENTERPRISE & INDUSTRY APPLICATION AND CHINA TO HOLD LARGEST SHARE OF HMD MARKET IN APAC BY 2026 44
4.3 HMD MARKET: DEVELOPED VS. DEVELOPING MARKETS,
2021 AND 2026 (USD MILLION) 45
FIGURE 19 US TO LEAD HMD MARKET BY 2026 45
4.4 HMD MARKET, BY COUNTRY 45
FIGURE 20 HMD MARKET IN CHINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 21 INVESTMENTS BY MAJOR PLAYERS AND ADOPTION OF AR AND VR TECHNOLOGIES DURING COVID-19 TO DRIVE HMD MARKET 46
5.2.1 DRIVERS 47
5.2.1.1 Surge in investments by major players in development of HMDs 47
5.2.1.2 Increased adoption of AR and VR technologies due to COVID-19 48
5.2.1.3 Availability of low-cost HMDs 48
5.2.1.4 Technological advancements and growing digitalization 49
5.2.2 RESTRAINTS 49
5.2.2.1 Lack of standardization for HMD design 49
5.2.2.2 Display latency and energy consumption affect overall performance of VR devices 50
5.2.2.3 Health concerns related to low resolution and lack of movement 50
5.2.2.4 Trade restrictions between US and China 50
 
5.2.3 OPPORTUNITIES 51
5.2.3.1 Growing use of HMDs for video games 51
5.2.3.2 Increasing patents portfolio 51
5.2.3.3 Surging demand for lightweight HMDs and portable devices 51
5.2.4 CHALLENGES 52
5.2.4.1 Low awareness about HMDs 52
5.2.4.2 Adverse impact of lockdowns due to COVID-19 on commercial trade 52
5.3 VALUE CHAIN ANALYSIS 53
FIGURE 22 HMD SUPPLY CHAIN ANALYSIS (2020): MAJOR VALUE IS ADDED DURING RESEARCH & PRODUCT DEVELOPMENT AND MANUFACTURING STAGES 53
5.4 REGULATORY LANDSCAPE 54
5.5 ECOSYSTEM ANALYSIS 54
FIGURE 23 DISPLAY MARKET: ECOSYSTEM ANALYSIS 55
FIGURE 24 AR & VR ECOSYSTEM AND TECHNOLOGIES USED IN HMDS 56
TABLE 1 COMPANIES AND THEIR ROLE IN ECOSYSTEM 57
5.6 PORTER’S FIVE FORCES ANALYSIS 58
FIGURE 25 HEAD-MOUNTED DISPLAY MARKET: PORTER’S FIVE FORCES ANALYSIS 58
TABLE 2 HEAD-MOUNTED DISPLAY MARKET: PORTER’S FIVE FORCES ANALYSIS 58
5.6.1 INTENSITY OF COMPETITIVE RIVALRY 59
FIGURE 26 HIGHLY COMPETITIVE MARKET OWING TO PRESENCE OF SEVERAL WELL-ESTABLISHED PLAYERS 59
5.6.2 THREAT OF SUBSTITUTES 60
FIGURE 27 THREAT OF SUBSTITUTES HAD LOW IMPACT ON HEAD-MOUNTED DISPLAY MARKET OWING TO ABSENCE OF SUBSTITUTES 60
5.6.3 BARGAINING POWER OF BUYERS 61
FIGURE 28 BARGAINING POWER OF BUYERS WAS MODERATE OWING TO INCREASED DEMAND FROM DIFFERENT APPLICATIONS 61
5.6.4 BARGAINING POWER OF SUPPLIERS 62
FIGURE 29 BARGAINING POWER OF SUPPLIERS WAS HIGH DUE TO INCREASED BRAND VALUE 62
5.6.5 THREAT OF NEW ENTRANTS 63
FIGURE 30 THREAT OF NEW ENTRANTS HAD LOW IMPACT OWING TO REQUIREMENT OF HIGH CAPITAL INVESTMENTS 63
5.7 TECHNOLOGY ANALYSIS 64
5.7.1 VIRTUAL REALITY MICRODISPLAYS 64
5.7.1.1 LOMID project 64
5.7.1.2 VR HMD microdisplay by Kopin 64
5.7.2 MONITOR-BASED AR TECHNOLOGY 65
5.7.3 NEAR-EYE-BASED TECHNOLOGY 65
5.8 TRENDS IMPACTING BUSINESSES OF CUSTOMERS 66
FIGURE 31 AI IS EXPECTED TO MAKE SIGNIFICANT CONTRIBUTION ACROSS INDUSTRIES 66
 
5.9 CASE STUDIES 67
5.9.1 VIRTUAL REALITY-BASED TRAINING FOR EMPLOYEES 67
5.9.2 VIRTUAL REALITY-BASED SURGICAL TRAINING EXPERIENCE 67
5.9.3 ELECTRIC SAFETY RECERTIFICATION USING HTC VIVE TO IMPART BETTER TRAINING AND ENHANCE STAFF MOTIVATION 68
5.10 AVERAGE SELLING PRICES (ASP) TREND 68
TABLE 3 AVERAGE PRICES OF AR AND VR HMDS 68
TABLE 4 HOURLY RATES OF DEVELOPERS IN DIFFERENT REGIONS 69
TABLE 5 COMPARISON OF SDK PRICING 69
5.11 PATENTS ANALYSIS 70
FIGURE 32 NUMBER OF PATENTS RELATED TO AR AND VR PUBLISHED
FROM 2012 TO 2020 70
FIGURE 33 SHARE OF TOP 10 COMPANIES IN PATENT APPLICATIONS
FROM 2012 TO 2020 70
TABLE 6 KEY PATENTS IN 2019 AND 2020 71
5.12 TRADE ANALYSIS 73
FIGURE 34 IMPORTS DATA, BY COUNTRY, 2016–2019 (USD THOUSAND) 73
FIGURE 35 EXPORTS DATA, BY COUNTRY, 2016–2019 (USD THOUSAND) 74
6 HEAD-MOUNTED DISPLAY MARKET, BY TYPE 75
6.1 INTRODUCTION 76
FIGURE 36 DISCRETE HMDS TO BECOME DOMINANT HMD TYPE BY 2026 76
TABLE 7 HMD MARKET, BY TYPE, 2017–2020 (USD MILLION) 76
TABLE 8 HMD MARKET, BY TYPE, 2021–2026 (USD MILLION) 76
6.2 SLIDE-ON HEAD-MOUNTED DISPLAYS 77
6.2.1 SLIDE-ON HMDS COMPRISE A SMARTPHONE HOLDER, LENSES,
AND OTHER BASIC INPUTS 77
6.3 DISCRETE HEAD-MOUNTED DISPLAYS 77
6.3.1 DISCRETE HMDS ARE EXPECTED TO LEAD HMD MARKET BY 2026 77
6.4 INTEGRATED HEAD-MOUNTED DISPLAYS 78
6.4.1 INTEGRATED HMDS ARE INDEPENDENT COMPUTING DEVICES 78
7 HEAD-MOUNTED DISPLAY MARKET, BY COMPONENT 79
7.1 INTRODUCTION 80
FIGURE 37 DISPLAYS SEGMENT IS EXPECTED TO DOMINATE HMD MARKET DURING FORECAST PERIOD 80
TABLE 9 HMD MARKET, BY COMPONENT, 2017–2020 (USD MILLION) 80
TABLE 10 HMD MARKET, BY COMPONENT, 2021–2026 (USD MILLION) 81
7.2 PROCESSORS AND MEMORY 81
7.2.1 PROCESSORS AND MEMORY ARE VITAL COMPONENTS OF CONTROL UNITS 81
7.3 CONTROLLERS 81
7.3.1 CONTROLLER UNITS ARE RESPONSIBLE FOR COMPLEX CALCULATIONS
AND OTHER DECISION-MAKING PROCESSES 81
 
7.4 SENSORS 82
7.4.1 INCREASED USE OF SENSORS IN HEAD-MOUNTED DISPLAYS FOR DETECTING MOTION DRIVES THIS SEGMENT 82
7.4.2 MAGNETOMETERS 82
7.4.3 ACCELEROMETERS 82
7.4.4 GYROSCOPES 83
7.4.5 PROXIMITY SENSORS 83
7.5 CAMERAS 83
7.5.1 CAMERAS FORM CRUCIAL COMPONENTS TO MEASURE DEPTH
AND AMPLITUDE OF OBJECTS 83
7.6 DISPLAYS 83
7.6.1 DISPLAYS HOLD A MAJOR SHARE OF HEAD-MOUNTED DISPLAY DEVICES 83
7.7 LENSES 84
7.7.1 LENSES ARE USED IN HMDS FOR MAPPING OF UP-CLOSE DISPLAY TO WIDER FIELD OF VIEW 84
7.8 CASES AND CONNECTORS 84
7.8.1 CASING HELPS ACCOMMODATE ALL ELECTRICAL AND MECHANICAL COMPONENTS 84
7.9 OTHERS 84
7.9.1 QUARTZ, TOUCHPADS, AND PANELS ARE AMONG OTHER COMPONENTS USED IN HMDS 84
7.9.2 IMPACT OF COVID-19 ON COMPONENT MARKET 84
8 HEAD-MOUNTED DISPLAY MARKET, BY TECHNOLOGY 85
8.1 INTRODUCTION 86
FIGURE 38 HMD MARKET FOR AUGMENTED REALITY EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD 86
TABLE 11 HMD MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 86
TABLE 12 HMD MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 86
FIGURE 39 VR SEGMENT EXPECTED TO DOMINATE HMD MARKET IN TERMS OF VOLUME DURING FORECAST PERIOD 87
TABLE 13 HMD MARKET, BY TECHNOLOGY, 2017–2020 (MILLION UNITS) 87
TABLE 14 HMD MARKET, BY TECHNOLOGY, 2021–2026 (MILLION UNITS) 88
8.2 AUGMENTED REALITY 88
8.2.1 AR-ENABLED DEVICES ARE EXPECTED TO BE USED IN ENTERPRISE AND INDUSTRY APPLICATION 88
TABLE 15 HMD MARKET FOR AUGMENTED REALITY IN TERMS OF VALUE AND VOLUME, 2017–2020 88
TABLE 16 HMD MARKET FOR AUGMENTED REALITY IN TERMS OF VALUE AND VOLUME, 2021–2026 88
TABLE 17 AR HMD MARKET, BY REGION, 2017–2020 (USD MILLION) 89
TABLE 18 HMD MARKET FOR AR, BY REGION, 2021–2026 (USD MILLION) 89
FIGURE 40 AMERICAS EXPECTED TO DOMINATE HMD MARKET FOR AR FOR ENTERPRISE AND INDUSTRY APPLICATION BY 2026 90
TABLE 19 HMD MARKET FOR AR FOR ENTERPRISE AND INDUSTRY APPLICATION,
BY REGION, 2017–2020 (USD MILLION) 90
TABLE 20 HMD MARKET FOR AR FOR ENTERPRISE AND INDUSTRY APPLICATION,
BY REGION, 2021–2026 (USD MILLION) 90
FIGURE 41 HMD MARKET FOR AR FOR COMMERCIAL APPLICATION IN APAC EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 91
TABLE 21 HMD MARKET FOR AR FOR COMMERCIAL APPLICATION, BY REGION,
2017–2020 (USD MILLION) 91
TABLE 22 HMD MARKET FOR AR FOR COMMERCIAL APPLICATION, BY REGION,
2021–2026 (USD MILLION) 92
FIGURE 42 APAC EXPECTED TO LEAD HMD MARKET FOR AR FOR ENGINEERING
AND DESIGN APPLICATION BY 2026 92
TABLE 23 HMD MARKET FOR AR FOR ENGINEERING AND DESIGN APPLICATION,
BY REGION, 2017–2020 (USD MILLION) 93
TABLE 24 HMD MARKET FOR AR FOR ENGINEERING AND DESIGN APPLICATION,
BY REGION, 2021–2026 (USD MILLION) 93
TABLE 25 HMD MARKET FOR AR FOR AEROSPACE AND DEFENSE APPLICATION,
BY REGION, 2017–2020 (USD MILLION) 94
TABLE 26 HMD MARKET FOR AR FOR AEROSPACE AND DEFENSE APPLICATION,
BY REGION, 2021–2026 (USD MILLION) 94
TABLE 27 HMD MARKET FOR AR FOR HEALTHCARE APPLICATION, BY REGION,
2017–2020 (USD MILLION) 94
TABLE 28 HMD MARKET FOR AR FOR HEALTHCARE APPLICATION, BY REGION,
2021–2026 (USD MILLION) 95
TABLE 29 HMD MARKET FOR AR FOR CONSUMER APPLICATION, BY REGION,
2017–2020 (USD MILLION) 95
TABLE 30 HMD MARKET FOR AR FOR CONSUMER APPLICATION, BY REGION,
2021–2026 (USD MILLION) 95
TABLE 31 HMD MARKET FOR AR FOR EDUCATION APPLICATION, BY REGION,
2017–2020 (USD MILLION) 96
TABLE 32 HMD MARKET FOR AR FOR EDUCATION APPLICATION, BY REGION,
2021–2026 (USD MILLION) 96
TABLE 33 HMD MARKET FOR AR FOR OTHER APPLICATIONS, BY REGION,
2017–2020 (USD MILLION) 97
TABLE 34 HMD IN AR MARKET FOR OTHER APPLICATIONS, BY REGION,
2021–2026 (USD MILLION) 97
8.3 VIRTUAL REALITY 97
8.3.1 INCREASED DEMAND FOR VR HMDS IN CONSUMER APPLICATIONS EXPECTED TO DRIVE THIS SEGMENT 97
TABLE 35 HMD MARKET FOR VR IN TERMS OF VALUE AND VOLUME, 2017–2020 98
TABLE 36 HMD MARKET FOR VR IN TERMS OF VALUE AND VOLUME, 2021–2026 98
FIGURE 43 APAC EXPECTED TO DOMINATE HMD MARKET FOR VR BY 2026 98
TABLE 37 VR HMD MARKET, BY REGION, 2017–2020 (USD MILLION) 99
TABLE 38 VR HMD MARKET, BY REGION, 2021–2026 (USD MILLION) 99
FIGURE 44 HMD MARKET IN AR FOR CONSUMER APPLICATION IN APAC ANTICIPATED
TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 99
TABLE 39 HMD MARKET FOR VR FOR CONSUMER APPLICATION, BY REGION,
2017–2020 (USD MILLION) 100
TABLE 40 HMD MARKET FOR VR FOR CONSUMER APPLICATION, BY REGION,
2021–2026 (USD MILLION) 100
FIGURE 45 VR HMD MARKET FOR COMMERCIAL APPLICATION IN APAC EXPECTED
TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 101
TABLE 41 HMD MARKET FOR VR FOR COMMERCIAL APPLICATION, BY REGION,
2017–2020 (USD MILLION) 101
TABLE 42 HMD MARKET FOR VR FOR COMMERCIAL APPLICATION, BY REGION,
2021–2026 (USD MILLION) 101
TABLE 43 HMD MARKET FOR VR FOR ENTERPRISE AND INDUSTRY APPLICATION,
BY REGION, 2017–2020 (USD MILLION) 102
TABLE 44 HMD MARKET FOR VR FOR ENTERPRISE AND INDUSTRY APPLICATION,
BY REGION, 2021–2026 (USD MILLION) 102
FIGURE 46 APAC TO LEAD VR HMD MARKET FOR ENGINEERING AND DESIGN APPLICATION BY 2026 103
TABLE 45 HMD MARKET FOR VR FOR ENGINEERING AND DESIGN APPLICATION,
BY REGION, 2017–2020 (USD MILLION) 103
TABLE 46 HMD MARKET FOR VR FOR ENGINEERING AND DESIGN APPLICATION,
BY REGION, 2021–2026 (USD MILLION) 103
TABLE 47 HMD MARKET FOR VR FOR AEROSPACE AND DEFENSE APPLICATION,
BY REGION, 2017–2020 (USD MILLION) 104
TABLE 48 HMD MARKET FOR VR FOR AEROSPACE AND DEFENSE APPLICATION,
BY REGION, 2021–2026 (USD MILLION) 104
FIGURE 47 HMD MARKET FOR VR FOR HEALTHCARE APPLICATION IN APAC EXPECTED
TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 105
TABLE 49 HMD MARKET FOR VR FOR HEALTHCARE APPLICATION, BY REGION,
2017–2020 (USD MILLION) 105
TABLE 50 HMD MARKET FOR VR FOR HEALTHCARE APPLICATION, BY REGION,
2021–2026 (USD MILLION) 105
TABLE 51 HMD MARKET FOR VR FOR EDUCATION APPLICATION, BY REGION,
2017–2020 (USD MILLION) 106
TABLE 52 HMD MARKET FOR VR FOR EDUCATION APPLICATION, BY REGION,
2021–2026 (USD MILLION) 106
TABLE 53 HMD MARKET FOR VR FOR OTHER APPLICATIONS, BY REGION,
2017–2020 (USD MILLION) 107
TABLE 54 HMD MARKET FOR VR FOR OTHER APPLICATIONS, BY REGION,
2021–2026 (USD MILLION) 107
9 HEAD-MOUNTED DISPLAY MARKET, BY APPLICATION 108
9.1 INTRODUCTION 109
FIGURE 48 ENTERPRISE & INDUSTRY APPLICATION TO ACCOUNT FOR LARGEST SIZE OF HMD MARKET BY 2026 109
TABLE 55 HMD MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 109
TABLE 56 HMD MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 110
FIGURE 49 ENTERPRISE AND INDUSTRY APPLICATION TO HOLD LARGEST SIZE OF AUGMENTED REALITY-BASED HMD MARKET DURING FORECAST PERIOD 110
TABLE 57 HMD MARKET FOR AR, BY APPLICATION, 2017–2020 (USD MILLION) 111
TABLE 58 HMD MARKET FOR AR, BY APPLICATION, 2021–2026 (USD MILLION) 111
FIGURE 50 CONSUMER APPLICATION TO ACCOUNT FOR LARGEST SIZE OF VIRTUAL REALITY-BASED HMD MARKET DURING FORECAST PERIOD 112
TABLE 59 HMD MARKET FOR VR, BY APPLICATION, 2017–2020 (USD MILLION) 112
TABLE 60 HMD MARKET FOR VR, BY APPLICATION, 2021–2026 (USD MILLION) 113
9.2 CONSUMER 113
9.2.1 GAMING 113
9.2.1.1 Gaming is a major driver for HMD market growth 113
9.2.2 SPORTS & ENTERTAINMENT 114
9.2.2.1 Use of AR and VR HMDs enhances viewing experience in sports
& entertainment applications 114
9.2.3 OTHERS 114
9.2.3.1 Other uses include navigation and notifications 114
TABLE 61 HMD MARKET FOR CONSUMER APPLICATION, BY TECHNOLOGY,
2017–2020 (USD MILLION) 115
TABLE 62 HMD MARKET FOR CONSUMER APPLICATION, BY TECHNOLOGY,
2021–2026 (USD MILLION) 115
FIGURE 51 APAC EXPECTED TO LEAD HMD MARKET FOR CONSUMER APPLICATION DURING FORECAST PERIOD 115
TABLE 63 HMD MARKET FOR CONSUMER APPLICATION, BY REGION,
2017–2020 (USD MILLION) 116
TABLE 64 HMD MARKET FOR CONSUMER APPLICATION, BY REGION,
2021–2026 (USD MILLION) 116
9.3 COMMERCIAL 116
9.3.1 ADVERTISING, MARKETING, AND BRANDING 117
9.3.1.1 Advertising and branding would be key growth drivers for HMD market for commercial 117
9.3.2 RETAIL 117
9.3.2.1 Try before you buy will play a crucial role in driving HMD market
in retail 117
9.3.3 TOURISM 117
9.3.3.1 Interaction with virtual objects in various tourist location is key driver for use of HMDs 117
9.3.3.2 Use cases of HMD in commercial application 118
TABLE 65 HMD MARKET FOR COMMERCIAL APPLICATION, BY TECHNOLOGY,
2017–2020 (USD MILLION) 118
TABLE 66 HMD MARKET FOR COMMERCIAL APPLICATION, BY TECHNOLOGY,
2021–2026 (USD MILLION) 119
FIGURE 52 HMD MARKET FOR COMMERCIAL APPLICATION EXPECTED TO GROW AT HIGHEST CAGR IN APAC DURING FORECAST PERIOD 119
TABLE 67 HMD MARKET FOR COMMERCIAL APPLICATION, BY REGION,
2017–2020 (USD MILLION) 119
TABLE 68 HMD MARKET FOR COMMERCIAL APPLICATION, BY REGION,
2021–2026 (USD MILLION) 120
9.4 ENTERPRISE AND INDUSTRY 120
9.4.1 VIRTUAL INTERVIEWS 120
9.4.1.1 HR staff can use VR to conduct face-to-face interviews with candidates in virtual conference rooms 120
9.4.2 VIRTUAL MEETINGS 121
9.4.2.1 Virtual meetings would be crucial driver for market growth 121
9.4.3 WAREHOUSES 121
9.4.3.1 Order picking would drive use of HMDs in warehouses 121
9.4.4 EMERGENCY RESPONSE 121
9.4.4.1 HMDs help emergency response professionals conduct critical tasks smoothly and safely 121
9.4.5 OPERATION AND ASSEMBLY 121
9.4.5.1 Enhanced efficiency of operations and reduced requirement of manual training can be achieved using HMDs 121
9.4.6 MAINTENANCE AND INSPECTION SERVICES 122
9.4.6.1 Important information in visual fields and interaction with this information to drive use of HMDs 122
9.4.7 FIELD REPAIR SERVICES 122
9.4.7.1 Collaboration at remote workplaces and expert assistance for field services and repairs to play crucial role 122
9.4.8 FREIGHT LOADING AND TRANSPORTATION 122
9.4.8.1 Freight transportation by air, water, and road requires digital data and planning software 122
9.4.8.2 Use cases of HMDs in enterprise and industry 123
TABLE 69 HMD MARKET FOR ENTERPRISE AND INDUSTRY APPLICATION,
BY TECHNOLOGY, 2017–2020 (USD MILLION) 123
TABLE 70 HMD MARKET FOR ENTERPRISE AND INDUSTRY APPLICATION,
BY TECHNOLOGY, 2021–2026 (USD MILLION) 123
FIGURE 53 AMERICAS EXPECTED TO HOLD LARGEST SIZE OF HMD MARKET FOR ENTERPRISE AND INDUSTRY APPLICATION DURING FORECAST PERIOD 124
TABLE 71 HMD MARKET FOR ENTERPRISE AND INDUSTRY APPLICATION, BY REGION, 2017–2020 (USD MILLION) 124
TABLE 72 HMD MARKET FOR ENTERPRISE AND INDUSTRY APPLICATION, BY REGION, 2021–2026 (USD MILLION) 124
9.5 ENGINEERING & DESIGN 125
9.5.1 DESIGN 125
9.5.1.1 Replicating real world and displaying information using HMDs would drive HMD market in engineering & design segment 125
9.5.2 ARCHITECTURE 125
9.5.2.1 Architects can create walls, doors, and furniture around them in
3D space using HMDs 125
TABLE 73 HMD MARKET FOR ENGINEERING & DESIGN APPLICATION, BY TECHNOLOGY, 2017–2020 (USD MILLION) 125
TABLE 74 HMD MARKET FOR ENGINEERING & DESIGN APPLICATION, BY TECHNOLOGY, 2021–2026 (USD MILLION) 126
FIGURE 54 HMD MARKET FOR ENGINEERING AND DESIGN APPLICATION TO GROW AT HIGHEST CAGR IN APAC DURING FORECAST PERIOD 126
TABLE 75 HMD MARKET FOR ENGINEERING AND DESIGN APPLICATION, BY REGION, 2017–2020 (USD MILLION) 126
TABLE 76 HMD MARKET FOR ENGINEERING AND DESIGN APPLICATION, BY REGION, 2021–2026 (USD MILLION) 127
 
9.6 AEROSPACE & DEFENSE 127
9.6.1 SIMULATION TRAINING TO BE KEY FACTOR FOR ADOPTION OF HMDS IN AEROSPACE AND DEFENSE APPLICATIONS 127
TABLE 77 HMD MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY TECHNOLOGY, 2017–2020 (USD MILLION) 128
TABLE 78 HMD MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY TECHNOLOGY, 2021–2026 (USD MILLION) 128
TABLE 79 HMD MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION) 128
TABLE 80 HMD MARKET FOR AEROSPACE & DEFENSE APPLICATION,
BY REGION, 2021–2026 (USD MILLION) 128
9.7 HEALTHCARE 129
9.7.1 TRAINING 129
9.7.1.1 HMDs can help provide training to healthcare students or trainee doctors for surgeries 129
9.7.2 TREATMENT AND SURGERY 129
9.7.2.1 Increased interactivity using HMDs with holographic visualization boosts adoption of HMDs for treatments and surgeries 129
9.7.3 PATIENT CARE MANAGEMENT 130
9.7.3.1 Patient care and healing using HMD will act as a major driver 130
TABLE 81 HMD MARKET FOR HEALTHCARE APPLICATION, BY TECHNOLOGY,
2017–2020 (USD MILLION) 130
TABLE 82 HMD MARKET FOR HEALTHCARE APPLICATION, BY TECHNOLOGY,
2021–2026 (USD MILLION) 130
FIGURE 55 AMERICAS TO HOLD LARGEST SIZE OF HMD MARKET FOR HEALTHCARE APPLICATION BY 2026 131
TABLE 83 HMD MARKET FOR HEALTHCARE APPLICATION, BY REGION,
2017–2020 (USD MILLION) 131
TABLE 84 HMD MARKET FOR HEALTHCARE APPLICATION, BY REGION,
2021–2026 (USD MILLION) 131
9.8 EDUCATION 132
9.8.1 HMDS CAN HELP CREATE AN INTERESTING AND INTERACTIVE LEARNING ATMOSPHERE IN ACADEMIC INSTITUTES 132
9.8.2 VIDEO GUIDE 132
9.8.3 STREAMING LESSONS 132
9.8.4 REMOTE TEACHING 132
9.8.5 VIRTUAL CLASSROOMS 132
TABLE 85 HMD MARKET FOR EDUCATION APPLICATION, BY TECHNOLOGY,
2017–2020 (USD MILLION) 133
TABLE 86 HMD MARKET FOR EDUCATION APPLICATION, BY TECHNOLOGY,
2021–2026 (USD MILLION) 133
FIGURE 56 APAC TO BECOME LARGEST HMD MARKET FOR EDUCATION APPLICATION
BY 2026 133
TABLE 87 HMD MARKET FOR EDUCATION APPLICATION, BY REGION,
2017–2020 (USD MILLION) 134
TABLE 88 HMD MARKET FOR EDUCATION APPLICATION, BY REGION,
2021–2026 (USD MILLION) 134
9.9 OTHERS 134
9.9.1 SPACE 134
9.9.1.1 Space applications have been critical in the HMD market 134
9.9.2 JOURNALISM 135
9.9.2.1 Mobile content to play a crucial role 135
TABLE 89 HMD MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY,
2017–2020 (USD MILLION) 135
TABLE 90 HMD MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY,
2021–2026 (USD MILLION) 135
TABLE 91 HMD MARKET FOR OTHER APPLICATIONS, BY REGION,
2017–2020 (USD MILLION) 135
TABLE 92 HMD MARKET FOR OTHER APPLICATIONS, BY REGION,
2021–2026 (USD MILLION) 136
10 HEAD-MOUNTED DISPLAY MARKET, BY PRODUCT TYPE 137
10.1 INTRODUCTION 138
FIGURE 57 HMD MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION) 138
TABLE 93 HMD MARKET, BY PRODUCT TYPE, 2017–2020 (USD MILLION) 138
TABLE 94 HMD MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION) 138
10.2 HEAD-MOUNTED 139
10.2.1 HEAD-MOUNTED PRODUCTS PLAY A MAJOR ROLE IN VARIOUS APPLICATIONS, SUCH AS CONSUMER AND COMMERCIAL 139
10.3 EYEWEAR 140
10.3.1 MARKET FOR EYEWEAR PRODUCTS IS EXPECTED TO GROW AT A HIGHER CAGR OWING TO THE INCREASING DEMAND FOR AR APPLICATIONS 140
11 HEAD-MOUNTED DISPLAY MARKET, BY CONNECTIVITY 141
11.1 INTRODUCTION 142
TABLE 95 HMD MARKET SIZE IN TERMS OF VALUE AND VOLUME, 2017–2020 142
TABLE 96 HMD MARKET SIZE IN TERMS OF VALUE AND VOLUME, 2021–2026 142
FIGURE 58 WIRELESS HMD MARKET EXPECTED TO GROW AT A HIGHER CAGR
DURING FORECAST PERIOD 142
TABLE 97 HMD MARKET, BY CONNECTIVITY, 2017–2020 (USD MILLION) 143
TABLE 98 HMD MARKET, BY CONNECTIVITY, 2021–2026 (USD MILLION) 143
11.2 WIRED 143
11.2.1 WIRED HEADSETS OFTEN WORK IN COMBINATION WITH EXTERNAL CAMERAS TO TRACK USER’S HEAD WITH BETTER ACCURACY 143
11.3 WIRELESS 144
11.3.1 WIRELESS HMDS GENERALLY USE SMARTPHONES FOR DISPLAY
AND PROCESSING 144
 
12 GEOGRAPHIC ANALYSIS 145
12.1 INTRODUCTION 146
FIGURE 59 GEOGRAPHIC SNAPSHOT: HMD MARKET IN APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 146
FIGURE 60 US TO HOLD LARGEST SIZE OF HMD MARKET FROM 2021 TO 2026 147
TABLE 99 HMD MARKET, BY REGION, 2017–2020 (USD MILLION) 147
TABLE 100 HMD MARKET, BY REGION, 2021–2026 (USD MILLION) 148
12.2 AMERICAS 148
FIGURE 61 AMERICAS: SNAPSHOT OF HMD MARKET 149
TABLE 101 HMD MARKET IN AMERICAS, BY REGION, 2017–2020 (USD MILLION) 149
TABLE 102 HMD MARKET IN AMERICAS, BY REGION, 2021–2026 (USD MILLION) 150
TABLE 103 HMD MARKET IN AMERICAS, BY TECHNOLOGY, 2017–2020 (USD MILLION) 150
TABLE 104 HMD MARKET IN AMERICAS, BY TECHNOLOGY, 2021–2026 (USD MILLION) 150
TABLE 105 HMD MARKET IN AMERICAS, BY APPLICATION, 2017–2020 (USD MILLION) 151
TABLE 106 HMD MARKET IN AMERICAS, BY APPLICATION, 2021–2026 (USD MILLION) 151
12.2.1 IMPACT OF COVID-19 ON HMD MARKET IN AMERICAS 151
12.2.2 NORTH AMERICA 152
TABLE 107 HMD MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 152
TABLE 108 HMD MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION) 152
TABLE 109 HMD MARKET IN NORTH AMERICA, BY TECHNOLOGY,
2017–2020 (USD MILLION) 153
TABLE 110 HMD MARKET IN NORTH AMERICA, BY TECHNOLOGY,
2021–2026 (USD MILLION) 153
12.2.2.1 US 153
12.2.2.1.1 Increased use of HMDs for defense applications to contribute to market growth in US 153
12.2.2.2 Canada 154
12.2.2.2.1 Increasing investments in cutting-edge technologies to fuel market growth in Canada 154
12.2.2.3 Mexico 155
12.2.2.3.1 Promising growth potential for HMD market in Mexico 155
12.2.3 SOUTH AMERICA 155
12.2.3.1 Growing consumer market to drive market growth 155
TABLE 111 HMD MARKET IN SOUTH AMERICA, BY TECHNOLOGY,
2017–2020 (USD MILLION) 155
TABLE 112 HMD MARKET IN SOUTH AMERICA, BY TECHNOLOGY,
2021–2026 (USD MILLION) 155
12.3 EUROPE 156
FIGURE 62 EUROPE: SNAPSHOT OF HMD MARKET 157
TABLE 113 HMD MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION) 158
TABLE 114 HMD MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION) 158
TABLE 115 HMD MARKET IN EUROPE, BY TECHNOLOGY, 2017–2020 (USD MILLION) 159
TABLE 116 HMD MARKET IN EUROPE, BY TECHNOLOGY, 2021–2026 (USD MILLION) 159
TABLE 117 HMD MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION) 159
TABLE 118 HMD MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION) 160
12.3.1 IMPACT OF COVID-19 ON HMD MARKET IN EUROPE 160
12.3.2 UK 161
12.3.2.1 Increasing focus on digitization in UK to drive market growth 161
12.3.3 GERMANY 161
12.3.3.1 Surging adoption of new technologies in manufacturing sector
to contribute to market growth in Germany 161
12.3.4 FRANCE 162
12.3.4.1 Surging adoption of HMDs in retail sector to enhance market growth in France 162
12.3.5 ITALY 162
12.3.5.1 Continuous focus on digitalization likely to drive market growth 162
12.3.6 REST OF EUROPE 162
12.3.6.1 Inflow of products and technologies from UK, Germany,
and France to propel market growth 162
12.4 ASIA PACIFIC 163
FIGURE 63 ASIA PACIFIC: SNAPSHOT OF HMD MARKET 164
TABLE 119 HMD MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION) 165
TABLE 120 HMD MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION) 165
TABLE 121 HMD MARKET IN APAC, BY TECHNOLOGY, 2017–2020 (USD MILLION) 166
TABLE 122 HMD MARKET IN APAC, BY TECHNOLOGY, 2021–2026 (USD MILLION) 166
TABLE 123 HMD MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION) 166
TABLE 124 HMD MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION) 167
12.4.1 IMPACT OF COVID-19 ON HMD MARKET IN APAC 167
12.4.2 CHINA 168
12.4.2.1 High number of local players producing HMDs to drive market growth 168
12.4.3 JAPAN 168
12.4.3.1 High growth of healthcare sector to fuel market growth 168
12.4.4 INDIA 169
12.4.4.1 Increasing awareness about advanced technologies to play a crucial role in market growth 169
12.4.5 AUSTRALIA 170
12.4.5.1 Increased demand in entertainment applications to fuel HMD market growth 170
12.4.6 SOUTH KOREA 170
12.4.6.1 Digital revolution in enterprise and industrial applications to drive market growth 170
12.4.7 REST OF APAC 170
12.4.7.1 High consumer spending to boost HMD market in Rest of APAC countries 170
 
12.5 ROW 171
TABLE 125 HMD MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION) 171
TABLE 126 HMD MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION) 171
TABLE 127 HMD MARKET IN ROW, BY TECHNOLOGY, 2017–2020 (USD MILLION) 172
TABLE 128 HMD MARKET IN ROW, BY TECHNOLOGY, 2021–2026 (USD MILLION) 172
TABLE 129 HMD MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION) 172
TABLE 130 HMD MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION) 173
12.5.1 IMPACT OF COVID-19 ON HMD MARKET IN ROW 173
12.5.2 MIDDLE EAST 173
12.5.2.1 Oil & gas and mining industries to fuel demand for HMDs 173
12.5.3 AFRICA 174
12.5.3.1 Focus on technological advancements to fuel growth of HMD market 174
13 COMPETITIVE LANDSCAPE 175
13.1 INTRODUCTION 175
FIGURE 64 COMPANIES ADOPTED PRODUCT LAUNCHES AND DEVELOPMENTS, CONTRACTS, PARTNERSHIPS, AGREEMENTS, AND ACQUISITIONS AS KEY GROWTH STRATEGIES FROM 2018 TO 2021 175
13.2 REVENUE ANALYSIS OF TOP PLAYERS 176
FIGURE 65 TOP PLAYERS IN HEAD-MOUNTED DISPLAY MARKET, 2015–2019 176
13.3 MARKET SHARE ANALYSIS OF KEY PLAYERS IN HEAD-MOUNTED DISPLAY MARKET IN 2020 176
TABLE 131 HEAD-MOUNTED DISPLAY MARKET: DEGREE OF COMPETITION 176
TABLE 132 HEAD-MOUNTED DISPLAY MARKET RANKING ANALYSIS 177
13.4 COMPANY EVALUATION QUADRANT 178
13.4.1 STAR 178
13.4.2 EMERGING LEADER 178
13.4.3 PERVASIVE 178
13.4.4 PARTICIPANT 179
FIGURE 66 HEAD-MOUNTED DISPLAY MARKET: COMPANY EVALUATION QUADRANT, 2020 179
13.5 COMPANY EVALUATION QUADRANT – PRODUCT FOOTPRINT 180
13.5.1 COMPANY FOOTPRINT, BY TECHNOLOGY (20 COMPANIES) 180
13.5.2 COMPANY FOOTPRINT, BY APPLICATION (20 COMPANIES) 181
13.5.3 COMPANY FOOTPRINT, BY REGION (20 COMPANIES) 182
13.5.4 COMPANY FOOTPRINT 183
13.6 STARTUP/SME EVALUATION QUADRANT, 2020 184
13.6.1 PROGRESSIVE COMPANY 184
13.6.2 RESPONSIVE COMPANY 184
13.6.3 DYNAMIC COMPANY 184
13.6.4 STARTING BLOCK 184
FIGURE 67 HEAD-MOUNTED DISPLAY MARKET (GLOBAL) STARTUP/SME EVALUATION QUADRANT, 2020 185
 
13.7 COMPETITIVE SITUATIONS AND TRENDS 186
13.7.1 NEW PRODUCT LAUNCHES AND DEVELOPMENTS 186
TABLE 133 NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2019–2021 186
13.7.2 DEALS 187
TABLE 134 DEALS, 2019–2021 187
14 COMPANY PROFILES 188
14.1 INTRODUCTION 188
(Business overview, Products/solutions/services offered, Recent developments & MnM View)*
14.2 KEY PLAYERS 188
14.2.1 SONY 188
TABLE 135 SONY: BUSINESS OVERVIEW 189
FIGURE 68 SONY: COMPANY SNAPSHOT 189
14.2.2 GOOGLE 192
TABLE 136 GOOGLE: BUSINESS OVERVIEW 192
FIGURE 69 GOOGLE: COMPANY SNAPSHOT 192
14.2.3 MICROSOFT 195
TABLE 137 MICROSOFT: BUSINESS OVERVIEW 195
FIGURE 70 MICROSOFT: COMPANY SNAPSHOT 196
14.2.4 OCULUS VR (FACEBOOK) 198
TABLE 138 OCULUS VR (FACEBOOK): BUSINESS OVERVIEW 198
14.2.5 HTC 201
TABLE 139 HTC: BUSINESS OVERVIEW 201
FIGURE 71 HTC: COMPANY SNAPSHOT 201
14.2.6 SEIKO EPSON 205
FIGURE 72 SEIKO EPSON: COMPANY SNAPSHOT 205
14.2.7 SAMSUNG ELECTRONICS 207
TABLE 140 SAMSUNG ELECTRONICS: BUSINESS OVERVIEW 207
FIGURE 73 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT 208
14.2.8 LENOVO 211
TABLE 141 LENOVO: BUSINESS OVERVIEW 211
FIGURE 74 LENOVO: COMPANY SNAPSHOT 212
14.2.9 MAGIC LEAP, INC. 214
TABLE 142 MAGIC LEAP: BUSINESS OVERVIEW 214
14.2.10 VUZIX 216
TABLE 143 VUZIX: BUSINESS OVERVIEW 216
FIGURE 75 VUZIX: COMPANY SNAPSHOT 216
*Details on Business overview, Products/solutions/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
 
14.3 OTHER PLAYERS 219
14.3.1 PANASONIC CORPORATION 219
14.3.2 XIAOMI CORPORATION 219
14.3.3 BAE SYSTEMS 220
14.3.4 META COMPANY 220
14.3.5 THALES 221
14.3.6 ULTRALEAP 221
14.3.7 REALWEAR 222
14.3.8 MERGE LABS 222
14.3.9 DYNABOOK AMERICAS 223
14.3.10 OPTINVENT 223
14.4 STARTUP ECOSYSTEM 224
14.4.1 SOLOS 224
14.4.2 LYNX 224
14.4.3 BEYEONICS SURGICAL LTD. 225
14.4.4 NIMO PLANET 225
14.4.5 EVERYSIGHT 226
15 APPENDIX 227
15.1 INSIGHTS OF INDUSTRY EXPERTS 227
15.2 DISCUSSION GUIDE 228
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 231
15.4 AVAILABLE CUSTOMIZATIONS 233
15.5 RELATED REPORTS 233
15.6 AUTHOR DETAILS 234

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

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Publication Date:  March, 2022

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

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

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# 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