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1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION AND SCOPE 30
1.2.1 INCLUSIONS AND EXCLUSIONS 31
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 AI INFRASTRUCTURE MARKET: SEGMENTATION 32
1.3.2 GEOGRAPHIC SCOPE 33
1.3.3 YEARS CONSIDERED 33
1.4 CURRENCY 33
1.5 PACKAGE SIZE 34
1.6 STAKEHOLDERS 34
1.7 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 2 AI INFRASTRUCTURE MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 36
FIGURE 3 AI INFRASTRUCTURE MARKET: RESEARCH DESIGN 37
2.1.1 SECONDARY AND PRIMARY RESEARCH 38
2.1.2 SECONDARY DATA 38
2.1.2.1 Major secondary sources 39
2.1.2.2 Secondary Sources 39
2.1.3 PRIMARY DATA 40
2.1.3.1 Key participants in primary processes across the value chain of
the AI infrastructure market 40
2.1.3.2 Breakdown of primaries 40
2.1.3.3 Key industry insights 41
2.2 GROWTH RATE ASSUMPTIONS 41
2.2.1 SUPPLY-SIDE 41
2.2.2 DEMAND-SIDE 42
2.3 MARKET SIZE ESTIMATION 42
2.3.1 BOTTOM-UP APPROACH 42
2.3.1.1 Approach for capturing market share by bottom-up analysis (demand-side) 42
FIGURE 4 BOTTOM-UP APPROACH 43
FIGURE 5 MARKET SIZE CALCULATION BY BOTTOM-UP APPROACH 43
2.3.2 TOP-DOWN APPROACH 44
2.3.2.1 Approach for capturing market share by top-down analysis
(supply side) 44
FIGURE 6 TOP-DOWN APPROACH 44
FIGURE 7 MARKET SIZE CALCULATION BY TOP-DOWN APPROACH 45
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 46
FIGURE 8 DATA TRIANGULATION 46
2.5 ASSUMPTIONS 47
2.6 LIMITATIONS 48
2.7 RISK ASSESSMENT 48
3 EXECUTIVE SUMMARY 49
FIGURE 9 AI INFRASTRUCTURE MARKET, 2017–2026 (USD BILLION) 50
FIGURE 10 HARDWARE ESTIMATED TO HOLD LARGER SHARE OF AI INFRASTRUCTURE MARKET IN 2021 50
FIGURE 11 AI INFRASTRUCTURE MARKET, BY END USER, 2021 VS. 2026 (USD BILLION) 51
FIGURE 12 AI INFRASTRUCTURE MARKET, BY REGION, 2021–2026 52
3.1 IMPACT OF COVID-19 ON AI INFRASTRUCTURE MARKET 52
FIGURE 13 IMPACT OF COVID-19 ON AI INFRASTRUCTURE MARKET 53
3.1.1 REALISTIC SCENARIO (POST-COVID-19) 53
3.1.2 OPTIMISTIC SCENARIO (POST-COVID-19) 53
3.1.3 PESSIMISTIC SCENARIO (POST-COVID-19) 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES IN AI INFRASTRUCTURE MARKET 54
FIGURE 14 INCREASING ADOPTION OF CLOUD MACHINE LEARNING AND DEMAND FOR AI HARDWARE IN HIGH-PERFORMANCE COMPUTING DATA CENTERS EXPECTED TO DRIVE MARKET 54
4.2 AI INFRASTRUCTURE HARDWARE MARKET, BY TYPE 54
FIGURE 15 MEMORY EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026 54
4.3 AI INFRASTRUCTURE MARKET, BY FUNCTION 55
FIGURE 16 INFERENCE FUNCTION EXPECTED TO LEAD THE MARKET DURING FORECAST PERIOD 55
4.4 AI INFRASTRUCTURE MARKET, BY END USER AND REGION 55
FIGURE 17 CLOUD SERVICE PROVIDERS AND CHINA EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET DURING THE FORECAST PERIOD 55
4.5 AI INFRASTRUCTURE MARKET, BY TECHNOLOGY 56
FIGURE 18 DEEP LEARNING IS PROJECTED TO LEAD THE MARKET FROM 2021 TO 2026 56
4.6 AI INFRASTRUCTURE MARKET, BY COUNTRY 56
FIGURE 19 AI INFRASTRUCTURE MARKET IN CHINA IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 57
FIGURE 20 AI INFRASTRUCTURE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 57
5.2.1 DRIVERS 58
5.2.1.1 Increased data traffic and need for high computing power 58
FIGURE 21 IP TRAFFIC GROWTH PROJECTIONS UNTIL 2021 59
5.2.1.2 Increasing adoption of cloud machine learning platform 59
5.2.1.3 Increasingly large and complex dataset 60
TABLE 1 AVERAGE NUMBER OF CONNECTED DEVICES PER CAPITA (2018–2023) 60
5.2.1.4 Rising focus on parallel computing in AI data centers 61
5.2.1.5 Growing number of cross-industry partnerships and collaborations 61
TABLE 2 RECENT DEVELOPMENTS PERTAINING TO INDUSTRY PARTNERSHIPS 62
5.2.2 RESTRAINTS 62
5.2.2.1 Lack of AI hardware experts and skilled workforce 62
FIGURE 22 UNDERQUALIFIED WORKERS IN VARIOUS COUNTRIES, 2019 63
5.2.3 OPPORTUNITIES 63
5.2.3.1 Surging demand for FPGA-based accelerators 63
TABLE 3 RECENT DEVELOPMENTS IN FPGA 64
5.2.3.2 Rising need for co-processors due to slowdown of Moore’s Law 64
5.2.3.3 Growing potential of AI-based tools for elderly care 64
5.2.4 CHALLENGES 65
5.2.4.1 Concerns regarding data privacy in AI platforms 65
FIGURE 23 PERCENTAGE AND TYPES OF HEALTHCARE BREACHES REPORTED BY
THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES 65
5.2.4.2 Unreliability of AI algorithms 66
5.2.4.3 Availability of limited structured data to train and develop
efficient AI systems 66
5.3 AI INFRASTRUCTURE MARKET: COVID-19 IMPACT 66
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 68
FIGURE 24 REVENUE SHIFT FOR AI INFRASTRUCTURE MARKET 68
5.5 PRICING ANALYSIS 68
FIGURE 25 ASP OF PROCESSOR TYPES IN AI INFRASTRUCTURE MARKET, 2017-2026 69
TABLE 4 ASP RANGE OF PROCESSOR TYPES IN AI INFRASTRUCTURE
MARKET, 2017-2026 69
TABLE 5 ASP RANGE OF SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET 69
5.6 VALUE CHAIN ANALYSIS 70
FIGURE 26 VALUE CHAIN FOR AI INFRASTRUCTURE MARKET 70
5.7 ECOSYSTEM OF THE AI MARKET 71
FIGURE 27 ECOSYSTEM 71
TABLE 6 ROLE OF COMPANIES IN ECOSYSTEM/VALUE CHAIN 72
5.8 TECHNOLOGY ANALYSIS 73
TABLE 7 COMPARISON OF AI CHIP TYPE 73
5.8.1 CLOUD GPU 73
5.9 PATENT ANALYSIS 74
TABLE 8 PATENTS FILED, 2018-2021 74
FIGURE 28 LIST OF MAJOR PATENT OWNERS FOR ARTIFICIAL INTELLIGENCE 74
5.9.1 LIST OF MAJOR PATENTS 75
TABLE 9 LIST OF MAJOR PATENTS IN THE AI INFRASTRUCTURE MARKET 75
5.10 TRADE ANALYSIS 77
TABLE 10 EXPORTS DATA, BY COUNTRY, 2015–2019 (USD MILLION) 77
FIGURE 29 EXPORTS DATA FOR HS CODE 854231 FOR TOP FIVE COUNTRIES IN
AI INFRASTRUCTURE MARKET, 2015–2019 (THOUSAND UNITS) 77
TABLE 11 IMPORTS DATA, BY COUNTRY, 2015–2019 (USD MILLION) 78
FIGURE 30 IMPORTS DATA FOR HS CODE 854231 FOR TOP FIVE COUNTRIES IN
AI INFRASTRUCTURE MARKET, 2015–2019 (THOUSAND UNITS) 78
5.11 CASE STUDY ANALYSIS 79
5.11.1 KIA MOTORS AMERICA RELIED ON ADVANCED ANALYTICS AND AI SOLUTIONS FROM SAS 79
5.11.2 VULCAN AI USES AI VISION AND DEEP LEARNING TO CREATE A SAFER WORKPLACE 79
5.11.3 ACCENTURE, ALONG WITH MICROSOFT, WORKED FOR THE GOVERNMENT OF INDIA TO DEVELOP AN AI TOOL FOR PANDEMIC 80
5.12 TARIFF AND REGULATORY LANDSCAPE 80
TABLE 12 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS EXPORTED BY US, 2020 80
TABLE 13 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS EXPORTED BY CHINA, 2020 81
TABLE 14 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS EXPORTED BY GERMANY, 2020 81
5.12.1 REGULATIONS 81
5.12.1.1 Export-import Regulations 82
5.12.1.2 Restriction of Hazardous Substances (ROHS) and Waste Electrical and Electronic Equipment (WEEE) 82
5.12.1.3 Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) 83
5.12.1.4 General Data Protection Regulation (GDPR) 83
5.13 PORTER’S FIVE FORCES ANALYSIS 84
TABLE 15 PORTER’S FIVE FORCES IMPACT ON THE AI INFRASTRUCTURE MARKET 84
FIGURE 31 AI INFRASTRUCTURE MARKET: PORTER’S FIVE FORCES ANALYSIS 84
5.13.1 THREAT OF NEW ENTRANTS 85
5.13.2 THREAT OF SUBSTITUTES 85
5.13.3 BARGAINING POWER OF SUPPLIERS 85
5.13.4 BARGAINING POWER OF BUYERS 85
5.13.5 INTENSITY OF COMPETITION RIVALRY 85
6 AI INFRASTRUCTURE MARKET, BY OFFERING 86
6.1 INTRODUCTION 87
FIGURE 32 HARDWARE OFFERINGS EXPECTED TO LEAD AI INFRASTRUCTURE MARKET FROM 2021–2026 87
TABLE 16 AI INFRASTRUCTURE MARKET, BY OFFERING, 2017–2020 (USD BILLION) 87
TABLE 17 AI INFRASTRUCTURE MARKET, BY OFFERING, 2021–2026 (USD BILLION) 87
6.2 HARDWARE 88
FIGURE 33 MEMORY PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 88
TABLE 18 HARDWARE IN AI INFRASTRUCTURE MARKET, BY TYPE,
2017–2020 (USD BILLION) 88
TABLE 19 HARDWARE IN AI INFRASTRUCTURE MARKET, BY TYPE,
2021–2026 (USD BILLION) 88
TABLE 20 HARDWARE IN AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE,
2017–2020 (USD BILLION) 89
TABLE 21 HARDWARE IN AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE,
2021–2026 (USD BILLION) 89
TABLE 22 HARDWARE IN AI INFRASTRUCTURE MARKET, BY FUNCTION,
2017–2020 (USD BILLION) 89
TABLE 23 HARDWARE IN AI INFRASTRUCTURE MARKET, BY FUNCTION,
2021–2026 (USD BILLION) 89
TABLE 24 HARDWARE IN AI INFRASTRUCTURE MARKET, BY TECHNOLOGY,
2017–2020 (USD BILLION) 90
TABLE 25 AI INFRASTRUCTURE MARKET FOR HARDWARE OFFERINGS,
BY TECHNOLOGY, 2021–2026 (USD BILLION) 90
TABLE 26 HARDWARE IN AI INFRASTRUCTURE MARKET, BY END USER,
2017–2020 (USD BILLION) 90
TABLE 27 HARDWARE IN AI INFRASTRUCTURE MARKET, BY END USER,
2021–2026 (USD BILLION) 90
6.2.1 PROCESSOR 91
TABLE 28 PROCESSORS IN AI INFRASTRUCTURE MARKET, BY TYPE,
2017–2020 (USD BILLION) 91
TABLE 29 PROCESSORS IN AI INFRASTRUCTURE MARKET, BY TYPE,
2021–2026 (USD BILLION) 91
TABLE 30 PROCESSORS IN AI INFRASTRUCTURE MARKET, BY TYPE,
2017–2020 (THOUSAND UNITS) 92
TABLE 31 PROCESSORS IN AI INFRASTRUCTURE MARKET, BY TYPE,
2021–2026 (THOUSAND UNITS) 92
6.2.1.1 CPU 92
6.2.1.1.1 CPU to account for the largest share of AI infrastructure processor market during the forecast period 92
6.2.1.2 GPU 92
6.2.1.2.1 NVIDIA is a key provider of GPUs for AI infrastructure 92
6.2.1.3 FPGA 93
6.2.1.3.1 Xilinx and Intel are major providers of FPGAs for
AI infrastructure 93
6.2.1.4 ASIC 93
6.2.1.4.1 ASIC is expected to grow at the highest CAGR during the forecast period 93
6.2.2 MEMORY 94
6.2.2.1 High-bandwidth memory, independent of its computing architecture, is developed and deployed for AI applications 94
6.2.3 STORAGE 94
6.2.3.1 Artificial intelligence, along with analytics tools, is used in sorting necessary and unessential data 94
6.2.4 NETWORKING 95
6.2.4.1 NVIDIA, CISCO, and Intel are key providers of network interconnect adapters for AI applications 95
6.3 SERVER SOFTWARE 95
6.3.1 SOFTWARE INTEGRATED INTO EXISTING COMPUTER SYSTEMS CARRIES OUT COMPLEX OPERATIONS 95
TABLE 32 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE, 2017–2020 (USD BILLION) 96
TABLE 33 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE, 2021–2026 (USD BILLION) 96
TABLE 34 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY FUNCTION,
2017–2020 (USD BILLION) 96
TABLE 35 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY FUNCTION,
2021–2026 (USD BILLION) 96
TABLE 36 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY TECHNOLOGY, 2017–2020 (USD BILLION) 97
TABLE 37 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY TECHNOLOGY, 2021–2026 (USD BILLION) 97
TABLE 38 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY END USER,
2017–2020 (USD BILLION) 97
TABLE 39 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY END USER,
2021–2026 (USD BILLION) 97
7 AI INFRASTRUCTURE MARKET, BY TECHNOLOGY 98
7.1 INTRODUCTION 99
FIGURE 34 DEEP LEARNING TECHNOLOGY IN AI INFRASTRUCTURE MARKET EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 99
TABLE 40 AI INFRASTRUCTURE MARKET, BY TECHNOLOGY, 2017–2020 (USD BILLION) 99
TABLE 41 AI INFRASTRUCTURE MARKET, BY TECHNOLOGY, 2021–2026 (USD BILLION) 99
7.2 MACHINE LEARNING 100
7.2.1 MACHINE LEARNING ENABLES SYSTEMS TO AUTOMATICALLY IMPROVE THEIR PERFORMANCE WITH EXPERIENCES 100
TABLE 42 AI INFRASTRUCTURE MARKET FOR MACHINE LEARNING, BY OFFERING, 2017–2020 (USD BILLION) 101
TABLE 43 AI INFRASTRUCTURE MARKET FOR MACHINE LEARNING, BY OFFERING, 2021–2026 (USD BILLION) 101
7.3 DEEP LEARNING 101
7.3.1 DEEP LEARNING USES ARTIFICIAL NEURAL NETWORKS TO LEARN MULTIPLE LEVELS OF DATA 101
TABLE 44 AI INFRASTRUCTURE MARKET FOR DEEP LEARNING, BY OFFERING,
2017–2020 (USD BILLION) 102
TABLE 45 AI INFRASTRUCTURE MARKET FOR DEEP LEARNING, BY OFFERING,
2021–2026 (USD BILLION) 102
8 AI INFRASTRUCTURE MARKET, BY FUNCTION 103
8.1 INTRODUCTION 104
FIGURE 35 AI INFRASTRUCTURE MARKET FOR TRAINING FUNCTION IS EXPECTED TO GROW AT HIGHER CAGR DURING THE FORECAST PERIOD 104
TABLE 46 AI INFRASTRUCTURE MARKET, BY FUNCTION, 2017–2020 (USD BILLION) 104
TABLE 47 AI INFRASTRUCTURE MARKET, BY FUNCTION, 2021–2026 (USD BILLION) 104
8.2 TRAINING 105
8.2.1 TRAINING IS COMPUTATIONALLY INTENSIVE AND IS BEST ACCELERATED WITH GPUS 105
TABLE 48 AI INFRASTRUCTURE MARKET FOR TRAINING, BY OFFERING,
2017–2020 (USD BILLION) 105
TABLE 49 AI INFRASTRUCTURE MARKET FOR TRAINING, BY OFFERING,
2021–2026 (USD BILLION) 105
8.3 INFERENCE 105
8.3.1 ON-PREMISES INFERENCE PLATFORM IS ADOPTED TO GAIN FASTER RESULTS THAN THAT OF THE CLOUD 105
TABLE 50 AI INFRASTRUCTURE MARKET FOR INFERENCE, BY OFFERING,
2017–2020 (USD BILLION) 106
TABLE 51 AI INFRASTRUCTURE MARKET FOR INFERENCE, BY OFFERING,
2021–2026 (USD BILLION) 106
9 AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE 107
9.1 INTRODUCTION 108
FIGURE 36 CLOUD DEPLOYMENT IN AI INFRASTRUCTURE MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 108
TABLE 52 AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE,
2017–2020 (USD BILLION) 108
TABLE 53 AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE,
2021–2026 (USD BILLION) 108
9.2 ON-PREMISES 109
9.2.1 DATA-SENSITIVE ENTERPRISES PREFER ON-PREMISES AI SOLUTIONS BASED ON ADVANCED NLP TECHNIQUES AND ML MODELS 109
TABLE 54 ON-PREMISE AI INFRASTRUCTURE MARKET, BY OFFERING,
2017–2020 (USD BILLION) 109
TABLE 55 ON-PREMISE AI INFRASTRUCTURE MARKET, BY OFFERING,
2021–2026 (USD BILLION) 109
9.3 CLOUD 109
9.3.1 CLOUD-BASED AI SOLUTIONS PROVIDE ADDITIONAL FLEXIBILITY AND MORE ACCURATE REAL-TIME DATA ESSENTIAL FOR EFFECTIVE BUSINESS OPERATIONS 109
TABLE 56 CLOUD-BASED AI INFRASTRUCTURE MARKET, BY OFFERING,
2017–2020 (USD BILLION) 110
TABLE 57 CLOUD-BASED AI INFRASTRUCTURE MARKET, BY OFFERING,
2021–2026 (USD BILLION) 110
9.4 HYBRID 110
9.4.1 HYBRID INFRASTRUCTURE WOULD HELP IN MAKING WORK PROCESSES FASTER, SAVE TIME AND MONEY 110
TABLE 58 HYBRID AI INFRASTRUCTURE MARKET, BY OFFERING,
2017–2020 (USD BILLION) 111
TABLE 59 HYBRID AI INFRASTRUCTURE MARKET, BY OFFERING,
2021–2026 (USD BILLION) 111
10 AI INFRASTRUCTURE MARKET, BY END USER 112
10.1 INTRODUCTION 113
FIGURE 37 AI INFRASTRUCTURE MARKET, BY END USER, 2021–2026 (USD BILLION) 113
TABLE 60 AI INFRASTRUCTURE MARKET, BY END USER, 2017–2020 (USD BILLION) 113
TABLE 61 AI INFRASTRUCTURE MARKET, BY END USER, 2021–2026 (USD BILLION) 113
10.2 ENTERPRISES 114
10.2.1 THE UTILIZATION OF ADVANCED BIG DATA SOLUTIONS FOR OPERATIONAL DATA EXPLOSION IS IMPACTING FUTURE REQUIREMENTS FOR AI-BASED SERVERS 114
FIGURE 38 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN APAC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 115
TABLE 62 AI INFRASTRUCTURE MARKET FOR ENTERPRISES, BY REGION,
2017–2020 (USD BILLION) 115
TABLE 63 AI INFRASTRUCTURE MARKET FOR ENTERPRISES, BY REGION,
2021–2026 (USD BILLION) 115
TABLE 64 AI INFRASTRUCTURE MARKET FOR ENTERPRISES, BY OFFERING,
2017–2020 (USD BILLION) 116
TABLE 65 AI INFRASTRUCTURE MARKET FOR ENTERPRISES, BY OFFERING,
2021–2026 (USD BILLION) 116
TABLE 66 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN NORTH AMERICA,
BY COUNTRY, 2017–2020 (USD BILLION) 116
TABLE 67 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN NORTH AMERICA,
BY COUNTRY, 2021–2026 (USD BILLION) 116
TABLE 68 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION) 117
TABLE 69 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION) 117
TABLE 70 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN APAC, BY COUNTRY, 2017–2020 (USD BILLION) 117
TABLE 71 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN APAC, BY COUNTRY, 2021–2026 (USD BILLION) 118
TABLE 72 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN ROW, BY REGION, 2017–2020 (USD BILLION) 118
TABLE 73 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN ROW, BY REGION, 2021–2026 (USD BILLION) 118
10.3 GOVERNMENT ORGANIZATIONS 119
10.3.1 GOVERNMENTS WORLDWIDE ARE WORKING TOWARD IMPLEMENTING AI IN SECURITY SOLUTIONS TO PROTECT CRITICAL GOVERNMENT AND DEFENSE-RELATED INFRASTRUCTURE 119
FIGURE 39 HARDWARE OFFERINGS IN GOVERNMENT ORGANIZATIONS PROJECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 120
TABLE 74 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS,
BY OFFERING, 2017–2020 (USD BILLION) 120
TABLE 75 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS,
BY OFFERING, 2021–2026 (USD BILLION) 120
TABLE 76 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS,
BY REGION, 2017–2020 (USD BILLION) 121
TABLE 77 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS,
BY REGION, 2021–2026 (USD BILLION) 121
TABLE 78 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN
NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION) 121
TABLE 79 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN
NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION) 121
TABLE 80 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION) 122
TABLE 81 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION) 122
TABLE 82 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN APAC, BY COUNTRY, 2017–2020 (USD BILLION) 122
TABLE 83 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN APAC, BY COUNTRY, 2021–2026 (USD BILLION) 123
TABLE 84 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN ROW, BY REGION, 2017–2020 (USD BILLION) 123
TABLE 85 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN ROW, BY REGION, 2021–2026 (USD BILLION) 123
10.4 CLOUD SERVICE PROVIDERS (CSP) 124
10.4.1 CLOUD SERVICE PROVIDERS DELIVER INDUSTRY-SPECIFIC FUNCTIONALITY OR HELP USERS MEET CERTAIN REGULATORY REQUIREMENTS 124
FIGURE 40 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN APAC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 124
TABLE 86 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS, BY REGION, 2017–2020 (USD BILLION) 125
TABLE 87 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS, BY REGION, 2021–2026 (USD BILLION) 125
TABLE 88 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS,
BY OFFERING, 2017–2020 (USD BILLION) 125
TABLE 89 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS,
BY OFFERING, 2021–2026 (USD BILLION) 125
TABLE 90 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN
NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION) 126
TABLE 91 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN
NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION) 126
TABLE 92 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION) 126
TABLE 93 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION) 127
TABLE 94 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN APAC,
BY COUNTRY, 2017–2020 (USD BILLION) 127
TABLE 95 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN APAC,
BY COUNTRY, 2021–2026 (USD BILLION) 127
TABLE 96 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN ROW,
BY REGION, 2017–2020 (USD BILLION) 128
TABLE 97 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN ROW,
BY REGION, 2021–2026 (USD BILLION) 128
11 GEOGRAPHIC ANALYSIS 129
11.1 INTRODUCTION 130
FIGURE 41 GEOGRAPHIC SNAPSHOT: AI INFRASTRUCTURE MARKET IN APAC EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 130
FIGURE 42 AMONG COUNTRIES, THE US IS EXPECTED TO LEAD AI INFRASTRUCTURE MARKET FROM 2021 TO 2026 131
TABLE 98 AI INFRASTRUCTURE MARKET, BY REGION, 2017–2020 (USD BILLION) 131
TABLE 99 AI INFRASTRUCTURE MARKET, BY REGION, 2021–2026 (USD BILLION) 132
11.2 NORTH AMERICA 132
FIGURE 43 NORTH AMERICA: AI INFRASTRUCTURE MARKET SNAPSHOT 133
TABLE 100 AI INFRASTRUCTURE MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD BILLION) 133
TABLE 101 AI INFRASTRUCTURE MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD BILLION) 134
TABLE 102 AI INFRASTRUCTURE MARKET IN NORTH AMERICA, BY END USER,
2017–2020 (USD BILLION) 134
TABLE 103 AI INFRASTRUCTURE MARKET IN NORTH AMERICA, BY END USER,
2021–2026 (USD BILLION) 134
11.2.1 US 135
11.2.1.1 Improved economy and high disposable income in the US drive the demand for modern technologies, and thereby boost the market 135
TABLE 104 AI INFRASTRUCTURE MARKET IN US, BY END USER,
2017–2020 (USD BILLION) 136
TABLE 105 AI INFRASTRUCTURE MARKET IN US, BY END USER,
2021–2026 (USD BILLION) 136
11.2.2 CANADA 136
11.2.2.1 High adoption of AI technologies is fueling the market in this country 136
TABLE 106 AI INFRASTRUCTURE MARKET IN CANADA, BY END USER,
2017–2020 (USD BILLION) 137
TABLE 107 AI INFRASTRUCTURE MARKET IN CANADA, BY END USER,
2021–2026 (USD BILLION) 137
11.2.3 MEXICO 137
11.2.3.1 The market is driven by the growing penetration of AI in security and BFSI industries in the country 137
TABLE 108 AI INFRASTRUCTURE MARKET IN MEXICO, BY END USER,
2017–2020 (USD BILLION) 138
TABLE 109 AI INFRASTRUCTURE MARKET IN MEXICO, BY END USER,
2021–2026 (USD BILLION) 138
11.3 EUROPE 138
FIGURE 44 EUROPE: AI INFRASTRUCTURE MARKET SNAPSHOT 139
TABLE 110 AI INFRASTRUCTURE MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD BILLION) 140
TABLE 111 AI INFRASTRUCTURE MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD BILLION) 140
TABLE 112 AI INFRASTRUCTURE MARKET IN EUROPE, BY END USER,
2017–2020 (USD BILLION) 140
TABLE 113 AI INFRASTRUCTURE MARKET IN EUROPE, BY END USER,
2021–2026 (USD BILLION) 140
11.3.1 UK 141
11.3.1.1 Government initiatives to increase the adoption of AI would drive the market in the UK 141
TABLE 114 AI INFRASTRUCTURE MARKET IN UK, BY END USER,
2017–2020 (USD BILLION) 142
TABLE 115 AI INFRASTRUCTURE MARKET IN UK, BY END USER,
2021–2026 (USD BILLION) 142
11.3.2 GERMANY 142
11.3.2.1 Adoption of cloud computing and Industry 4.0 increased demand for data centers in Germany and thereby is expected to drive the market 142
TABLE 116 AI INFRASTRUCTURE MARKET IN GERMANY, BY END USER,
2017–2020 (USD BILLION) 143
TABLE 117 AI INFRASTRUCTURE MARKET IN GERMANY, BY END USER,
2021–2026 (USD BILLION) 143
11.3.3 FRANCE 143
11.3.3.1 Investment of venture capitalists in startups for the development of AI ecosystem surge AI infrastructure market growth in the country 143
TABLE 118 AI INFRASTRUCTURE MARKET IN FRANCE, BY END USER,
2017–2020 (USD BILLION) 144
TABLE 119 AI INFRASTRUCTURE MARKET IN FRANCE, BY END USER,
2021–2026 (USD BILLION) 144
11.3.4 REST OF EUROPE 144
11.3.4.1 Government investments are expected to drive the market in this region 144
TABLE 120 AI INFRASTRUCTURE MARKET IN REST OF EUROPE, BY END USER,
2017–2020 (USD BILLION) 145
TABLE 121 AI INFRASTRUCTURE MARKET IN REST OF EUROPE, BY END USER,
2021–2026 (USD BILLION) 145
11.4 APAC 146
FIGURE 45 APAC: AI INFRASTRUCTURE MARKET SNAPSHOT 147
TABLE 122 AI INFRASTRUCTURE MARKET IN APAC, BY COUNTRY,
2017–2020 (USD BILLION) 147
TABLE 123 AI INFRASTRUCTURE MARKET IN APAC, BY COUNTRY,
2021–2026 (USD BILLION) 148
TABLE 124 AI INFRASTRUCTURE MARKET IN APAC, BY END USER,
2017–2020 (USD BILLION) 148
TABLE 125 AI INFRASTRUCTURE MARKET IN APAC, BY END USER,
2021–2026 (USD BILLION) 148
11.4.1 CHINA 148
11.4.1.1 Strong R&D activities have been the driver for the market growth in China 148
TABLE 126 AI INFRASTRUCTURE MARKET IN CHINA, BY END USER,
2017–2020 (USD BILLION) 149
TABLE 127 AI INFRASTRUCTURE MARKET IN CHINA, BY END USER,
2021–2026 (USD BILLION) 149
11.4.2 JAPAN 149
11.4.2.1 Small and medium-sized companies in Japan are utilizing infrastructure-as-a-service 149
TABLE 128 AI INFRASTRUCTURE MARKET IN JAPAN, BY END USER,
2017–2020 (USD BILLION) 150
TABLE 129 AI INFRASTRUCTURE MARKET IN JAPAN, BY END USER,
2021–2026 (USD BILLION) 150
11.4.3 INDIA 150
11.4.3.1 Growing adoption of cloud-based services expected to positively impact the AI infrastructure market 150
TABLE 130 AI INFRASTRUCTURE MARKET IN INDIA, BY END USER,
2017–2020 (USD BILLION) 151
TABLE 131 AI INFRASTRUCTURE MARKET IN INDIA, BY END USER,
2021–2026 (USD BILLION) 151
11.4.4 REST OF APAC 151
11.4.4.1 Increasing adoption of cloud services by small and medium-sized enterprises expected to drive the market in this region 151
TABLE 132 AI INFRASTRUCTURE MARKET IN REST OF APAC, BY END USER,
2017–2020 (USD BILLION) 152
TABLE 133 AI INFRASTRUCTURE MARKET IN REST OF APAC, BY END USER,
2021–2026 (USD BILLION) 152
11.5 ROW 153
TABLE 134 AI INFRASTRUCTURE MARKET IN ROW, BY REGION,
2017–2020 (USD BILLION) 153
TABLE 135 AI INFRASTRUCTURE MARKET IN ROW, BY REGION,
2021–2026 (USD BILLION) 153
TABLE 136 AI INFRASTRUCTURE MARKET IN ROW, BY END USER,
2017–2020 (USD BILLION) 154
TABLE 137 AI INFRASTRUCTURE MARKET IN ROW, BY END USER,
2021–2026 (USD BILLION) 154
11.5.1 SOUTH AMERICA 154
11.5.1.1 Increased availability of computing services in the region expected to drive the market 154
TABLE 138 AI INFRASTRUCTURE MARKET IN SOUTH AMERICA, BY END USER,
2017–2020 (USD BILLION) 154
TABLE 139 AI INFRASTRUCTURE MARKET IN SOUTH AMERICA, BY END USER,
2021–2026 (USD BILLION) 155
11.5.2 MIDDLE EAST & AFRICA 155
11.5.2.1 Smart mobile data traffic would increase the workload on data centers and thereby boost AI server growth 155
TABLE 140 AI INFRASTRUCTURE MARKET IN MIDDLE EAST & AFRICA, BY END USER, 2017–2020 (USD BILLION) 155
TABLE 141 AI INFRASTRUCTURE MARKET IN MIDDLE EAST & AFRICA, BY END USER, 2021–2026 (USD BILLION) 156
12 COMPETITIVE LANDSCAPE 157
12.1 OVERVIEW 157
FIGURE 46 COMPANIES ADOPTED PRODUCT LAUNCHES AS A KEY GROWTH STRATEGY FROM 2020 TO 2021 157
12.2 REVENUE ANALYSIS OF KEY PLAYERS IN THE AI INFRASTRUCTURE MARKET 158
FIGURE 47 TOP PLAYERS IN AI INFRASTRUCTURE MARKET, 2016–2020 158
12.3 MARKET SHARE ANALYSIS OF KEY PLAYERS IN AI INFRASTRUCTURE
(PROCESSOR) MARKET IN 2020 159
TABLE 142 AI INFRASTRUCTURE (PROCESSOR) MARKET: DEGREE OF COMPETITION 159
12.4 MARKET RANKING ANALYSIS OF KEY PLAYERS IN AI INFRASTRUCTURE (STORAGE) MARKET IN 2020 160
FIGURE 48 AI INFRASTRUCTURE (STORAGE) MARKET, RANKING OF KEY PLAYERS, 2020 160
12.5 COMPANY EVALUATION QUADRANT 161
12.5.1 STARS 161
12.5.2 EMERGING LEADERS 161
12.5.3 PERVASIVE 161
12.5.4 PARTICIPANTS 161
FIGURE 49 AI INFRASTRUCTURE MARKET: COMPANY EVALUATION QUADRANT, 2020 162
12.6 COMPANY EVALUATION QUADRANT – PRODUCT FOOTPRINT 163
12.6.1 COMPANY FOOTPRINT, BY TECHNOLOGY 163
12.6.2 COMPANY FOOTPRINT, BY END-USER 164
12.6.3 COMPANY FOOTPRINT, BY REGION 165
12.6.4 COMPANY FOOTPRINT 166
12.7 STARTUP/SME EVALUATION QUADRANT, 2020 167
12.7.1 PROGRESSIVE COMPANY 167
12.7.2 RESPONSIVE COMPANY 167
12.7.3 DYNAMIC COMPANY 167
12.7.4 STARTING BLOCK 167
FIGURE 50 AI INFRASTRUCTURE MARKET (GLOBAL) STARTUP/SME EVALUATION QUADRANT, 2020 168
12.8 COMPETITIVE SITUATIONS AND TRENDS 169
12.8.1 NEW PRODUCT LAUNCHES AND DEVELOPMENTS 169
TABLE 143 NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2021 169
12.8.2 DEALS 170
TABLE 144 DEALS, 2020–2021 170
13 COMPANY PROFILES 171
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 INTRODUCTION 171
13.2 KEY PLAYERS 171
13.2.1 INTEL 171
TABLE 145 INTEL: BUSINESS OVERVIEW 171
FIGURE 51 INTEL: COMPANY SNAPSHOT 172
13.2.2 NVIDIA 176
TABLE 146 NVIDIA: BUSINESS OVERVIEW 176
FIGURE 52 NVIDIA: COMPANY SNAPSHOT 177
13.2.3 AMD 181
TABLE 147 AMD: BUSINESS OVERVIEW 181
FIGURE 53 AMD: COMPANY SNAPSHOT 182
13.2.4 SAMSUNG ELECTRONICS 186
TABLE 148 SAMSUNG ELECTRONICS: BUSINESS OVERVIEW 186
FIGURE 54 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT 187
13.2.5 XILINX 190
TABLE 149 XILINX: BUSINESS OVERVIEW 190
FIGURE 55 XILINX: COMPANY SNAPSHOT 191
13.2.6 MICRON TECHNOLOGY 195
TABLE 150 MICRON TECHNOLOGY: BUSINESS OVERVIEW 195
FIGURE 56 MICRON TECHNOLOGY: COMPANY SNAPSHOT 196
13.2.7 IBM 198
TABLE 151 IBM: BUSINESS OVERVIEW 198
FIGURE 57 IBM: COMPANY SNAPSHOT 199
13.2.8 GOOGLE 202
TABLE 152 GOOGLE: BUSINESS OVERVIEW 202
FIGURE 58 GOOGLE: COMPANY SNAPSHOT 203
13.2.9 MICROSOFT 207
TABLE 153 MICROSOFT: BUSINESS OVERVIEW 207
FIGURE 59 MICROSOFT: COMPANY SNAPSHOT 208
13.2.10 AMAZON WEB SERVICE 211
TABLE 154 AMAZON WEB SERVICE (AWS): BUSINESS OVERVIEW 211
FIGURE 60 AMAZON WEB SERVICE: COMPANY SNAPSHOT 212
13.3 OTHER KEY PLAYERS 215
13.3.1 GRAPHCORE 215
TABLE 155 GRAPHCORE: COMPANY OVERVIEW 215
13.3.2 SK HYNIX 216
TABLE 156 SK HYNIX: COMPANY OVERVIEW 216
13.3.3 CISCO 217
TABLE 157 CISCO: COMPANY OVERVIEW 217
13.3.4 ARM 218
TABLE 158 ARM: COMPANY OVERVIEW 218
13.3.5 DELL 219
TABLE 159 DELL: COMPANY OVERVIEW 219
13.3.6 HPE 220
TABLE 160 HPE: COMPANY OVERVIEW 220
13.3.7 WAVE COMPUTING 221
TABLE 161 WAVE COMPUTING: COMPANY OVERVIEW 221
13.3.8 TOSHIBA 222
TABLE 162 TOSHIBA: COMPANY OVERVIEW 222
13.3.9 GYRFALCON TECHNOLOGY 223
TABLE 163 GYRFALCON TECHNOLOGY: COMPANY OVERVIEW 223
13.3.10 IMAGINATION TECHNOLOGIES 224
TABLE 164 IMAGINATION TECHNOLOGIES: COMPANY OVERVIEW 224
13.3.11 CAMBRICON TECHNOLOGIES 225
TABLE 165 CAMBRICON TECHNOLOGIES: COMPANY OVERVIEW 225
13.3.12 CADENCE DESIGN SYSTEMS 226
TABLE 166 CADENCE DESIGN SYSTEMS: COMPANY OVERVIEW 226
13.3.13 TENSTORRENT 227
TABLE 167 TENSTORRENT: COMPANY OVERVIEW 227
13.3.14 SYNOPSYS 228
TABLE 168 SYNOPSYS: COMPANY OVERVIEW 228
13.3.15 SENSETIME 229
TABLE 169 SENSETIME: COMPANY OVERVIEW 229
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 APPENDIX 230
14.1 INSIGHTS OF INDUSTRY EXPERTS 230
14.2 DISCUSSION GUIDE 231
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 234
14.4 AVAILABLE CUSTOMIZATIONS 236
14.5 RELATED REPORTS 237
14.6 AUTHOR DETAILS 238
1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION AND SCOPE 30
1.2.1 INCLUSIONS AND EXCLUSIONS 31
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 AI INFRASTRUCTURE MARKET: SEGMENTATION 32
1.3.2 GEOGRAPHIC SCOPE 33
1.3.3 YEARS CONSIDERED 33
1.4 CURRENCY 33
1.5 PACKAGE SIZE 34
1.6 STAKEHOLDERS 34
1.7 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 2 AI INFRASTRUCTURE MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 36
FIGURE 3 AI INFRASTRUCTURE MARKET: RESEARCH DESIGN 37
2.1.1 SECONDARY AND PRIMARY RESEARCH 38
2.1.2 SECONDARY DATA 38
2.1.2.1 Major secondary sources 39
2.1.2.2 Secondary Sources 39
2.1.3 PRIMARY DATA 40
2.1.3.1 Key participants in primary processes across the value chain of
the AI infrastructure market 40
2.1.3.2 Breakdown of primaries 40
2.1.3.3 Key industry insights 41
2.2 GROWTH RATE ASSUMPTIONS 41
2.2.1 SUPPLY-SIDE 41
2.2.2 DEMAND-SIDE 42
2.3 MARKET SIZE ESTIMATION 42
2.3.1 BOTTOM-UP APPROACH 42
2.3.1.1 Approach for capturing market share by bottom-up analysis (demand-side) 42
FIGURE 4 BOTTOM-UP APPROACH 43
FIGURE 5 MARKET SIZE CALCULATION BY BOTTOM-UP APPROACH 43
2.3.2 TOP-DOWN APPROACH 44
2.3.2.1 Approach for capturing market share by top-down analysis
(supply side) 44
FIGURE 6 TOP-DOWN APPROACH 44
FIGURE 7 MARKET SIZE CALCULATION BY TOP-DOWN APPROACH 45
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 46
FIGURE 8 DATA TRIANGULATION 46
2.5 ASSUMPTIONS 47
2.6 LIMITATIONS 48
2.7 RISK ASSESSMENT 48
3 EXECUTIVE SUMMARY 49
FIGURE 9 AI INFRASTRUCTURE MARKET, 2017–2026 (USD BILLION) 50
FIGURE 10 HARDWARE ESTIMATED TO HOLD LARGER SHARE OF AI INFRASTRUCTURE MARKET IN 2021 50
FIGURE 11 AI INFRASTRUCTURE MARKET, BY END USER, 2021 VS. 2026 (USD BILLION) 51
FIGURE 12 AI INFRASTRUCTURE MARKET, BY REGION, 2021–2026 52
3.1 IMPACT OF COVID-19 ON AI INFRASTRUCTURE MARKET 52
FIGURE 13 IMPACT OF COVID-19 ON AI INFRASTRUCTURE MARKET 53
3.1.1 REALISTIC SCENARIO (POST-COVID-19) 53
3.1.2 OPTIMISTIC SCENARIO (POST-COVID-19) 53
3.1.3 PESSIMISTIC SCENARIO (POST-COVID-19) 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES IN AI INFRASTRUCTURE MARKET 54
FIGURE 14 INCREASING ADOPTION OF CLOUD MACHINE LEARNING AND DEMAND FOR AI HARDWARE IN HIGH-PERFORMANCE COMPUTING DATA CENTERS EXPECTED TO DRIVE MARKET 54
4.2 AI INFRASTRUCTURE HARDWARE MARKET, BY TYPE 54
FIGURE 15 MEMORY EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026 54
4.3 AI INFRASTRUCTURE MARKET, BY FUNCTION 55
FIGURE 16 INFERENCE FUNCTION EXPECTED TO LEAD THE MARKET DURING FORECAST PERIOD 55
4.4 AI INFRASTRUCTURE MARKET, BY END USER AND REGION 55
FIGURE 17 CLOUD SERVICE PROVIDERS AND CHINA EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET DURING THE FORECAST PERIOD 55
4.5 AI INFRASTRUCTURE MARKET, BY TECHNOLOGY 56
FIGURE 18 DEEP LEARNING IS PROJECTED TO LEAD THE MARKET FROM 2021 TO 2026 56
4.6 AI INFRASTRUCTURE MARKET, BY COUNTRY 56
FIGURE 19 AI INFRASTRUCTURE MARKET IN CHINA IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 57
FIGURE 20 AI INFRASTRUCTURE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 57
5.2.1 DRIVERS 58
5.2.1.1 Increased data traffic and need for high computing power 58
FIGURE 21 IP TRAFFIC GROWTH PROJECTIONS UNTIL 2021 59
5.2.1.2 Increasing adoption of cloud machine learning platform 59
5.2.1.3 Increasingly large and complex dataset 60
TABLE 1 AVERAGE NUMBER OF CONNECTED DEVICES PER CAPITA (2018–2023) 60
5.2.1.4 Rising focus on parallel computing in AI data centers 61
5.2.1.5 Growing number of cross-industry partnerships and collaborations 61
TABLE 2 RECENT DEVELOPMENTS PERTAINING TO INDUSTRY PARTNERSHIPS 62
5.2.2 RESTRAINTS 62
5.2.2.1 Lack of AI hardware experts and skilled workforce 62
FIGURE 22 UNDERQUALIFIED WORKERS IN VARIOUS COUNTRIES, 2019 63
5.2.3 OPPORTUNITIES 63
5.2.3.1 Surging demand for FPGA-based accelerators 63
TABLE 3 RECENT DEVELOPMENTS IN FPGA 64
5.2.3.2 Rising need for co-processors due to slowdown of Moore’s Law 64
5.2.3.3 Growing potential of AI-based tools for elderly care 64
5.2.4 CHALLENGES 65
5.2.4.1 Concerns regarding data privacy in AI platforms 65
FIGURE 23 PERCENTAGE AND TYPES OF HEALTHCARE BREACHES REPORTED BY
THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES 65
5.2.4.2 Unreliability of AI algorithms 66
5.2.4.3 Availability of limited structured data to train and develop
efficient AI systems 66
5.3 AI INFRASTRUCTURE MARKET: COVID-19 IMPACT 66
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 68
FIGURE 24 REVENUE SHIFT FOR AI INFRASTRUCTURE MARKET 68
5.5 PRICING ANALYSIS 68
FIGURE 25 ASP OF PROCESSOR TYPES IN AI INFRASTRUCTURE MARKET, 2017-2026 69
TABLE 4 ASP RANGE OF PROCESSOR TYPES IN AI INFRASTRUCTURE
MARKET, 2017-2026 69
TABLE 5 ASP RANGE OF SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET 69
5.6 VALUE CHAIN ANALYSIS 70
FIGURE 26 VALUE CHAIN FOR AI INFRASTRUCTURE MARKET 70
5.7 ECOSYSTEM OF THE AI MARKET 71
FIGURE 27 ECOSYSTEM 71
TABLE 6 ROLE OF COMPANIES IN ECOSYSTEM/VALUE CHAIN 72
5.8 TECHNOLOGY ANALYSIS 73
TABLE 7 COMPARISON OF AI CHIP TYPE 73
5.8.1 CLOUD GPU 73
5.9 PATENT ANALYSIS 74
TABLE 8 PATENTS FILED, 2018-2021 74
FIGURE 28 LIST OF MAJOR PATENT OWNERS FOR ARTIFICIAL INTELLIGENCE 74
5.9.1 LIST OF MAJOR PATENTS 75
TABLE 9 LIST OF MAJOR PATENTS IN THE AI INFRASTRUCTURE MARKET 75
5.10 TRADE ANALYSIS 77
TABLE 10 EXPORTS DATA, BY COUNTRY, 2015–2019 (USD MILLION) 77
FIGURE 29 EXPORTS DATA FOR HS CODE 854231 FOR TOP FIVE COUNTRIES IN
AI INFRASTRUCTURE MARKET, 2015–2019 (THOUSAND UNITS) 77
TABLE 11 IMPORTS DATA, BY COUNTRY, 2015–2019 (USD MILLION) 78
FIGURE 30 IMPORTS DATA FOR HS CODE 854231 FOR TOP FIVE COUNTRIES IN
AI INFRASTRUCTURE MARKET, 2015–2019 (THOUSAND UNITS) 78
5.11 CASE STUDY ANALYSIS 79
5.11.1 KIA MOTORS AMERICA RELIED ON ADVANCED ANALYTICS AND AI SOLUTIONS FROM SAS 79
5.11.2 VULCAN AI USES AI VISION AND DEEP LEARNING TO CREATE A SAFER WORKPLACE 79
5.11.3 ACCENTURE, ALONG WITH MICROSOFT, WORKED FOR THE GOVERNMENT OF INDIA TO DEVELOP AN AI TOOL FOR PANDEMIC 80
5.12 TARIFF AND REGULATORY LANDSCAPE 80
TABLE 12 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS EXPORTED BY US, 2020 80
TABLE 13 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS EXPORTED BY CHINA, 2020 81
TABLE 14 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS EXPORTED BY GERMANY, 2020 81
5.12.1 REGULATIONS 81
5.12.1.1 Export-import Regulations 82
5.12.1.2 Restriction of Hazardous Substances (ROHS) and Waste Electrical and Electronic Equipment (WEEE) 82
5.12.1.3 Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) 83
5.12.1.4 General Data Protection Regulation (GDPR) 83
5.13 PORTER’S FIVE FORCES ANALYSIS 84
TABLE 15 PORTER’S FIVE FORCES IMPACT ON THE AI INFRASTRUCTURE MARKET 84
FIGURE 31 AI INFRASTRUCTURE MARKET: PORTER’S FIVE FORCES ANALYSIS 84
5.13.1 THREAT OF NEW ENTRANTS 85
5.13.2 THREAT OF SUBSTITUTES 85
5.13.3 BARGAINING POWER OF SUPPLIERS 85
5.13.4 BARGAINING POWER OF BUYERS 85
5.13.5 INTENSITY OF COMPETITION RIVALRY 85
6 AI INFRASTRUCTURE MARKET, BY OFFERING 86
6.1 INTRODUCTION 87
FIGURE 32 HARDWARE OFFERINGS EXPECTED TO LEAD AI INFRASTRUCTURE MARKET FROM 2021–2026 87
TABLE 16 AI INFRASTRUCTURE MARKET, BY OFFERING, 2017–2020 (USD BILLION) 87
TABLE 17 AI INFRASTRUCTURE MARKET, BY OFFERING, 2021–2026 (USD BILLION) 87
6.2 HARDWARE 88
FIGURE 33 MEMORY PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 88
TABLE 18 HARDWARE IN AI INFRASTRUCTURE MARKET, BY TYPE,
2017–2020 (USD BILLION) 88
TABLE 19 HARDWARE IN AI INFRASTRUCTURE MARKET, BY TYPE,
2021–2026 (USD BILLION) 88
TABLE 20 HARDWARE IN AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE,
2017–2020 (USD BILLION) 89
TABLE 21 HARDWARE IN AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE,
2021–2026 (USD BILLION) 89
TABLE 22 HARDWARE IN AI INFRASTRUCTURE MARKET, BY FUNCTION,
2017–2020 (USD BILLION) 89
TABLE 23 HARDWARE IN AI INFRASTRUCTURE MARKET, BY FUNCTION,
2021–2026 (USD BILLION) 89
TABLE 24 HARDWARE IN AI INFRASTRUCTURE MARKET, BY TECHNOLOGY,
2017–2020 (USD BILLION) 90
TABLE 25 AI INFRASTRUCTURE MARKET FOR HARDWARE OFFERINGS,
BY TECHNOLOGY, 2021–2026 (USD BILLION) 90
TABLE 26 HARDWARE IN AI INFRASTRUCTURE MARKET, BY END USER,
2017–2020 (USD BILLION) 90
TABLE 27 HARDWARE IN AI INFRASTRUCTURE MARKET, BY END USER,
2021–2026 (USD BILLION) 90
6.2.1 PROCESSOR 91
TABLE 28 PROCESSORS IN AI INFRASTRUCTURE MARKET, BY TYPE,
2017–2020 (USD BILLION) 91
TABLE 29 PROCESSORS IN AI INFRASTRUCTURE MARKET, BY TYPE,
2021–2026 (USD BILLION) 91
TABLE 30 PROCESSORS IN AI INFRASTRUCTURE MARKET, BY TYPE,
2017–2020 (THOUSAND UNITS) 92
TABLE 31 PROCESSORS IN AI INFRASTRUCTURE MARKET, BY TYPE,
2021–2026 (THOUSAND UNITS) 92
6.2.1.1 CPU 92
6.2.1.1.1 CPU to account for the largest share of AI infrastructure processor market during the forecast period 92
6.2.1.2 GPU 92
6.2.1.2.1 NVIDIA is a key provider of GPUs for AI infrastructure 92
6.2.1.3 FPGA 93
6.2.1.3.1 Xilinx and Intel are major providers of FPGAs for
AI infrastructure 93
6.2.1.4 ASIC 93
6.2.1.4.1 ASIC is expected to grow at the highest CAGR during the forecast period 93
6.2.2 MEMORY 94
6.2.2.1 High-bandwidth memory, independent of its computing architecture, is developed and deployed for AI applications 94
6.2.3 STORAGE 94
6.2.3.1 Artificial intelligence, along with analytics tools, is used in sorting necessary and unessential data 94
6.2.4 NETWORKING 95
6.2.4.1 NVIDIA, CISCO, and Intel are key providers of network interconnect adapters for AI applications 95
6.3 SERVER SOFTWARE 95
6.3.1 SOFTWARE INTEGRATED INTO EXISTING COMPUTER SYSTEMS CARRIES OUT COMPLEX OPERATIONS 95
TABLE 32 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE, 2017–2020 (USD BILLION) 96
TABLE 33 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE, 2021–2026 (USD BILLION) 96
TABLE 34 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY FUNCTION,
2017–2020 (USD BILLION) 96
TABLE 35 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY FUNCTION,
2021–2026 (USD BILLION) 96
TABLE 36 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY TECHNOLOGY, 2017–2020 (USD BILLION) 97
TABLE 37 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY TECHNOLOGY, 2021–2026 (USD BILLION) 97
TABLE 38 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY END USER,
2017–2020 (USD BILLION) 97
TABLE 39 SERVER SOFTWARE IN AI INFRASTRUCTURE MARKET, BY END USER,
2021–2026 (USD BILLION) 97
7 AI INFRASTRUCTURE MARKET, BY TECHNOLOGY 98
7.1 INTRODUCTION 99
FIGURE 34 DEEP LEARNING TECHNOLOGY IN AI INFRASTRUCTURE MARKET EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 99
TABLE 40 AI INFRASTRUCTURE MARKET, BY TECHNOLOGY, 2017–2020 (USD BILLION) 99
TABLE 41 AI INFRASTRUCTURE MARKET, BY TECHNOLOGY, 2021–2026 (USD BILLION) 99
7.2 MACHINE LEARNING 100
7.2.1 MACHINE LEARNING ENABLES SYSTEMS TO AUTOMATICALLY IMPROVE THEIR PERFORMANCE WITH EXPERIENCES 100
TABLE 42 AI INFRASTRUCTURE MARKET FOR MACHINE LEARNING, BY OFFERING, 2017–2020 (USD BILLION) 101
TABLE 43 AI INFRASTRUCTURE MARKET FOR MACHINE LEARNING, BY OFFERING, 2021–2026 (USD BILLION) 101
7.3 DEEP LEARNING 101
7.3.1 DEEP LEARNING USES ARTIFICIAL NEURAL NETWORKS TO LEARN MULTIPLE LEVELS OF DATA 101
TABLE 44 AI INFRASTRUCTURE MARKET FOR DEEP LEARNING, BY OFFERING,
2017–2020 (USD BILLION) 102
TABLE 45 AI INFRASTRUCTURE MARKET FOR DEEP LEARNING, BY OFFERING,
2021–2026 (USD BILLION) 102
8 AI INFRASTRUCTURE MARKET, BY FUNCTION 103
8.1 INTRODUCTION 104
FIGURE 35 AI INFRASTRUCTURE MARKET FOR TRAINING FUNCTION IS EXPECTED TO GROW AT HIGHER CAGR DURING THE FORECAST PERIOD 104
TABLE 46 AI INFRASTRUCTURE MARKET, BY FUNCTION, 2017–2020 (USD BILLION) 104
TABLE 47 AI INFRASTRUCTURE MARKET, BY FUNCTION, 2021–2026 (USD BILLION) 104
8.2 TRAINING 105
8.2.1 TRAINING IS COMPUTATIONALLY INTENSIVE AND IS BEST ACCELERATED WITH GPUS 105
TABLE 48 AI INFRASTRUCTURE MARKET FOR TRAINING, BY OFFERING,
2017–2020 (USD BILLION) 105
TABLE 49 AI INFRASTRUCTURE MARKET FOR TRAINING, BY OFFERING,
2021–2026 (USD BILLION) 105
8.3 INFERENCE 105
8.3.1 ON-PREMISES INFERENCE PLATFORM IS ADOPTED TO GAIN FASTER RESULTS THAN THAT OF THE CLOUD 105
TABLE 50 AI INFRASTRUCTURE MARKET FOR INFERENCE, BY OFFERING,
2017–2020 (USD BILLION) 106
TABLE 51 AI INFRASTRUCTURE MARKET FOR INFERENCE, BY OFFERING,
2021–2026 (USD BILLION) 106
9 AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE 107
9.1 INTRODUCTION 108
FIGURE 36 CLOUD DEPLOYMENT IN AI INFRASTRUCTURE MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 108
TABLE 52 AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE,
2017–2020 (USD BILLION) 108
TABLE 53 AI INFRASTRUCTURE MARKET, BY DEPLOYMENT TYPE,
2021–2026 (USD BILLION) 108
9.2 ON-PREMISES 109
9.2.1 DATA-SENSITIVE ENTERPRISES PREFER ON-PREMISES AI SOLUTIONS BASED ON ADVANCED NLP TECHNIQUES AND ML MODELS 109
TABLE 54 ON-PREMISE AI INFRASTRUCTURE MARKET, BY OFFERING,
2017–2020 (USD BILLION) 109
TABLE 55 ON-PREMISE AI INFRASTRUCTURE MARKET, BY OFFERING,
2021–2026 (USD BILLION) 109
9.3 CLOUD 109
9.3.1 CLOUD-BASED AI SOLUTIONS PROVIDE ADDITIONAL FLEXIBILITY AND MORE ACCURATE REAL-TIME DATA ESSENTIAL FOR EFFECTIVE BUSINESS OPERATIONS 109
TABLE 56 CLOUD-BASED AI INFRASTRUCTURE MARKET, BY OFFERING,
2017–2020 (USD BILLION) 110
TABLE 57 CLOUD-BASED AI INFRASTRUCTURE MARKET, BY OFFERING,
2021–2026 (USD BILLION) 110
9.4 HYBRID 110
9.4.1 HYBRID INFRASTRUCTURE WOULD HELP IN MAKING WORK PROCESSES FASTER, SAVE TIME AND MONEY 110
TABLE 58 HYBRID AI INFRASTRUCTURE MARKET, BY OFFERING,
2017–2020 (USD BILLION) 111
TABLE 59 HYBRID AI INFRASTRUCTURE MARKET, BY OFFERING,
2021–2026 (USD BILLION) 111
10 AI INFRASTRUCTURE MARKET, BY END USER 112
10.1 INTRODUCTION 113
FIGURE 37 AI INFRASTRUCTURE MARKET, BY END USER, 2021–2026 (USD BILLION) 113
TABLE 60 AI INFRASTRUCTURE MARKET, BY END USER, 2017–2020 (USD BILLION) 113
TABLE 61 AI INFRASTRUCTURE MARKET, BY END USER, 2021–2026 (USD BILLION) 113
10.2 ENTERPRISES 114
10.2.1 THE UTILIZATION OF ADVANCED BIG DATA SOLUTIONS FOR OPERATIONAL DATA EXPLOSION IS IMPACTING FUTURE REQUIREMENTS FOR AI-BASED SERVERS 114
FIGURE 38 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN APAC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 115
TABLE 62 AI INFRASTRUCTURE MARKET FOR ENTERPRISES, BY REGION,
2017–2020 (USD BILLION) 115
TABLE 63 AI INFRASTRUCTURE MARKET FOR ENTERPRISES, BY REGION,
2021–2026 (USD BILLION) 115
TABLE 64 AI INFRASTRUCTURE MARKET FOR ENTERPRISES, BY OFFERING,
2017–2020 (USD BILLION) 116
TABLE 65 AI INFRASTRUCTURE MARKET FOR ENTERPRISES, BY OFFERING,
2021–2026 (USD BILLION) 116
TABLE 66 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN NORTH AMERICA,
BY COUNTRY, 2017–2020 (USD BILLION) 116
TABLE 67 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN NORTH AMERICA,
BY COUNTRY, 2021–2026 (USD BILLION) 116
TABLE 68 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION) 117
TABLE 69 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION) 117
TABLE 70 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN APAC, BY COUNTRY, 2017–2020 (USD BILLION) 117
TABLE 71 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN APAC, BY COUNTRY, 2021–2026 (USD BILLION) 118
TABLE 72 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN ROW, BY REGION, 2017–2020 (USD BILLION) 118
TABLE 73 AI INFRASTRUCTURE MARKET FOR ENTERPRISES IN ROW, BY REGION, 2021–2026 (USD BILLION) 118
10.3 GOVERNMENT ORGANIZATIONS 119
10.3.1 GOVERNMENTS WORLDWIDE ARE WORKING TOWARD IMPLEMENTING AI IN SECURITY SOLUTIONS TO PROTECT CRITICAL GOVERNMENT AND DEFENSE-RELATED INFRASTRUCTURE 119
FIGURE 39 HARDWARE OFFERINGS IN GOVERNMENT ORGANIZATIONS PROJECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 120
TABLE 74 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS,
BY OFFERING, 2017–2020 (USD BILLION) 120
TABLE 75 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS,
BY OFFERING, 2021–2026 (USD BILLION) 120
TABLE 76 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS,
BY REGION, 2017–2020 (USD BILLION) 121
TABLE 77 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS,
BY REGION, 2021–2026 (USD BILLION) 121
TABLE 78 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN
NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION) 121
TABLE 79 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN
NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION) 121
TABLE 80 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION) 122
TABLE 81 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION) 122
TABLE 82 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN APAC, BY COUNTRY, 2017–2020 (USD BILLION) 122
TABLE 83 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN APAC, BY COUNTRY, 2021–2026 (USD BILLION) 123
TABLE 84 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN ROW, BY REGION, 2017–2020 (USD BILLION) 123
TABLE 85 AI INFRASTRUCTURE MARKET FOR GOVERNMENT ORGANIZATIONS IN ROW, BY REGION, 2021–2026 (USD BILLION) 123
10.4 CLOUD SERVICE PROVIDERS (CSP) 124
10.4.1 CLOUD SERVICE PROVIDERS DELIVER INDUSTRY-SPECIFIC FUNCTIONALITY OR HELP USERS MEET CERTAIN REGULATORY REQUIREMENTS 124
FIGURE 40 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN APAC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 124
TABLE 86 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS, BY REGION, 2017–2020 (USD BILLION) 125
TABLE 87 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS, BY REGION, 2021–2026 (USD BILLION) 125
TABLE 88 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS,
BY OFFERING, 2017–2020 (USD BILLION) 125
TABLE 89 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS,
BY OFFERING, 2021–2026 (USD BILLION) 125
TABLE 90 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN
NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION) 126
TABLE 91 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN
NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION) 126
TABLE 92 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION) 126
TABLE 93 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION) 127
TABLE 94 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN APAC,
BY COUNTRY, 2017–2020 (USD BILLION) 127
TABLE 95 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN APAC,
BY COUNTRY, 2021–2026 (USD BILLION) 127
TABLE 96 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN ROW,
BY REGION, 2017–2020 (USD BILLION) 128
TABLE 97 AI INFRASTRUCTURE MARKET FOR CLOUD SERVICE PROVIDERS IN ROW,
BY REGION, 2021–2026 (USD BILLION) 128
11 GEOGRAPHIC ANALYSIS 129
11.1 INTRODUCTION 130
FIGURE 41 GEOGRAPHIC SNAPSHOT: AI INFRASTRUCTURE MARKET IN APAC EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 130
FIGURE 42 AMONG COUNTRIES, THE US IS EXPECTED TO LEAD AI INFRASTRUCTURE MARKET FROM 2021 TO 2026 131
TABLE 98 AI INFRASTRUCTURE MARKET, BY REGION, 2017–2020 (USD BILLION) 131
TABLE 99 AI INFRASTRUCTURE MARKET, BY REGION, 2021–2026 (USD BILLION) 132
11.2 NORTH AMERICA 132
FIGURE 43 NORTH AMERICA: AI INFRASTRUCTURE MARKET SNAPSHOT 133
TABLE 100 AI INFRASTRUCTURE MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD BILLION) 133
TABLE 101 AI INFRASTRUCTURE MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD BILLION) 134
TABLE 102 AI INFRASTRUCTURE MARKET IN NORTH AMERICA, BY END USER,
2017–2020 (USD BILLION) 134
TABLE 103 AI INFRASTRUCTURE MARKET IN NORTH AMERICA, BY END USER,
2021–2026 (USD BILLION) 134
11.2.1 US 135
11.2.1.1 Improved economy and high disposable income in the US drive the demand for modern technologies, and thereby boost the market 135
TABLE 104 AI INFRASTRUCTURE MARKET IN US, BY END USER,
2017–2020 (USD BILLION) 136
TABLE 105 AI INFRASTRUCTURE MARKET IN US, BY END USER,
2021–2026 (USD BILLION) 136
11.2.2 CANADA 136
11.2.2.1 High adoption of AI technologies is fueling the market in this country 136
TABLE 106 AI INFRASTRUCTURE MARKET IN CANADA, BY END USER,
2017–2020 (USD BILLION) 137
TABLE 107 AI INFRASTRUCTURE MARKET IN CANADA, BY END USER,
2021–2026 (USD BILLION) 137
11.2.3 MEXICO 137
11.2.3.1 The market is driven by the growing penetration of AI in security and BFSI industries in the country 137
TABLE 108 AI INFRASTRUCTURE MARKET IN MEXICO, BY END USER,
2017–2020 (USD BILLION) 138
TABLE 109 AI INFRASTRUCTURE MARKET IN MEXICO, BY END USER,
2021–2026 (USD BILLION) 138
11.3 EUROPE 138
FIGURE 44 EUROPE: AI INFRASTRUCTURE MARKET SNAPSHOT 139
TABLE 110 AI INFRASTRUCTURE MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD BILLION) 140
TABLE 111 AI INFRASTRUCTURE MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD BILLION) 140
TABLE 112 AI INFRASTRUCTURE MARKET IN EUROPE, BY END USER,
2017–2020 (USD BILLION) 140
TABLE 113 AI INFRASTRUCTURE MARKET IN EUROPE, BY END USER,
2021–2026 (USD BILLION) 140
11.3.1 UK 141
11.3.1.1 Government initiatives to increase the adoption of AI would drive the market in the UK 141
TABLE 114 AI INFRASTRUCTURE MARKET IN UK, BY END USER,
2017–2020 (USD BILLION) 142
TABLE 115 AI INFRASTRUCTURE MARKET IN UK, BY END USER,
2021–2026 (USD BILLION) 142
11.3.2 GERMANY 142
11.3.2.1 Adoption of cloud computing and Industry 4.0 increased demand for data centers in Germany and thereby is expected to drive the market 142
TABLE 116 AI INFRASTRUCTURE MARKET IN GERMANY, BY END USER,
2017–2020 (USD BILLION) 143
TABLE 117 AI INFRASTRUCTURE MARKET IN GERMANY, BY END USER,
2021–2026 (USD BILLION) 143
11.3.3 FRANCE 143
11.3.3.1 Investment of venture capitalists in startups for the development of AI ecosystem surge AI infrastructure market growth in the country 143
TABLE 118 AI INFRASTRUCTURE MARKET IN FRANCE, BY END USER,
2017–2020 (USD BILLION) 144
TABLE 119 AI INFRASTRUCTURE MARKET IN FRANCE, BY END USER,
2021–2026 (USD BILLION) 144
11.3.4 REST OF EUROPE 144
11.3.4.1 Government investments are expected to drive the market in this region 144
TABLE 120 AI INFRASTRUCTURE MARKET IN REST OF EUROPE, BY END USER,
2017–2020 (USD BILLION) 145
TABLE 121 AI INFRASTRUCTURE MARKET IN REST OF EUROPE, BY END USER,
2021–2026 (USD BILLION) 145
11.4 APAC 146
FIGURE 45 APAC: AI INFRASTRUCTURE MARKET SNAPSHOT 147
TABLE 122 AI INFRASTRUCTURE MARKET IN APAC, BY COUNTRY,
2017–2020 (USD BILLION) 147
TABLE 123 AI INFRASTRUCTURE MARKET IN APAC, BY COUNTRY,
2021–2026 (USD BILLION) 148
TABLE 124 AI INFRASTRUCTURE MARKET IN APAC, BY END USER,
2017–2020 (USD BILLION) 148
TABLE 125 AI INFRASTRUCTURE MARKET IN APAC, BY END USER,
2021–2026 (USD BILLION) 148
11.4.1 CHINA 148
11.4.1.1 Strong R&D activities have been the driver for the market growth in China 148
TABLE 126 AI INFRASTRUCTURE MARKET IN CHINA, BY END USER,
2017–2020 (USD BILLION) 149
TABLE 127 AI INFRASTRUCTURE MARKET IN CHINA, BY END USER,
2021–2026 (USD BILLION) 149
11.4.2 JAPAN 149
11.4.2.1 Small and medium-sized companies in Japan are utilizing infrastructure-as-a-service 149
TABLE 128 AI INFRASTRUCTURE MARKET IN JAPAN, BY END USER,
2017–2020 (USD BILLION) 150
TABLE 129 AI INFRASTRUCTURE MARKET IN JAPAN, BY END USER,
2021–2026 (USD BILLION) 150
11.4.3 INDIA 150
11.4.3.1 Growing adoption of cloud-based services expected to positively impact the AI infrastructure market 150
TABLE 130 AI INFRASTRUCTURE MARKET IN INDIA, BY END USER,
2017–2020 (USD BILLION) 151
TABLE 131 AI INFRASTRUCTURE MARKET IN INDIA, BY END USER,
2021–2026 (USD BILLION) 151
11.4.4 REST OF APAC 151
11.4.4.1 Increasing adoption of cloud services by small and medium-sized enterprises expected to drive the market in this region 151
TABLE 132 AI INFRASTRUCTURE MARKET IN REST OF APAC, BY END USER,
2017–2020 (USD BILLION) 152
TABLE 133 AI INFRASTRUCTURE MARKET IN REST OF APAC, BY END USER,
2021–2026 (USD BILLION) 152
11.5 ROW 153
TABLE 134 AI INFRASTRUCTURE MARKET IN ROW, BY REGION,
2017–2020 (USD BILLION) 153
TABLE 135 AI INFRASTRUCTURE MARKET IN ROW, BY REGION,
2021–2026 (USD BILLION) 153
TABLE 136 AI INFRASTRUCTURE MARKET IN ROW, BY END USER,
2017–2020 (USD BILLION) 154
TABLE 137 AI INFRASTRUCTURE MARKET IN ROW, BY END USER,
2021–2026 (USD BILLION) 154
11.5.1 SOUTH AMERICA 154
11.5.1.1 Increased availability of computing services in the region expected to drive the market 154
TABLE 138 AI INFRASTRUCTURE MARKET IN SOUTH AMERICA, BY END USER,
2017–2020 (USD BILLION) 154
TABLE 139 AI INFRASTRUCTURE MARKET IN SOUTH AMERICA, BY END USER,
2021–2026 (USD BILLION) 155
11.5.2 MIDDLE EAST & AFRICA 155
11.5.2.1 Smart mobile data traffic would increase the workload on data centers and thereby boost AI server growth 155
TABLE 140 AI INFRASTRUCTURE MARKET IN MIDDLE EAST & AFRICA, BY END USER, 2017–2020 (USD BILLION) 155
TABLE 141 AI INFRASTRUCTURE MARKET IN MIDDLE EAST & AFRICA, BY END USER, 2021–2026 (USD BILLION) 156
12 COMPETITIVE LANDSCAPE 157
12.1 OVERVIEW 157
FIGURE 46 COMPANIES ADOPTED PRODUCT LAUNCHES AS A KEY GROWTH STRATEGY FROM 2020 TO 2021 157
12.2 REVENUE ANALYSIS OF KEY PLAYERS IN THE AI INFRASTRUCTURE MARKET 158
FIGURE 47 TOP PLAYERS IN AI INFRASTRUCTURE MARKET, 2016–2020 158
12.3 MARKET SHARE ANALYSIS OF KEY PLAYERS IN AI INFRASTRUCTURE
(PROCESSOR) MARKET IN 2020 159
TABLE 142 AI INFRASTRUCTURE (PROCESSOR) MARKET: DEGREE OF COMPETITION 159
12.4 MARKET RANKING ANALYSIS OF KEY PLAYERS IN AI INFRASTRUCTURE (STORAGE) MARKET IN 2020 160
FIGURE 48 AI INFRASTRUCTURE (STORAGE) MARKET, RANKING OF KEY PLAYERS, 2020 160
12.5 COMPANY EVALUATION QUADRANT 161
12.5.1 STARS 161
12.5.2 EMERGING LEADERS 161
12.5.3 PERVASIVE 161
12.5.4 PARTICIPANTS 161
FIGURE 49 AI INFRASTRUCTURE MARKET: COMPANY EVALUATION QUADRANT, 2020 162
12.6 COMPANY EVALUATION QUADRANT – PRODUCT FOOTPRINT 163
12.6.1 COMPANY FOOTPRINT, BY TECHNOLOGY 163
12.6.2 COMPANY FOOTPRINT, BY END-USER 164
12.6.3 COMPANY FOOTPRINT, BY REGION 165
12.6.4 COMPANY FOOTPRINT 166
12.7 STARTUP/SME EVALUATION QUADRANT, 2020 167
12.7.1 PROGRESSIVE COMPANY 167
12.7.2 RESPONSIVE COMPANY 167
12.7.3 DYNAMIC COMPANY 167
12.7.4 STARTING BLOCK 167
FIGURE 50 AI INFRASTRUCTURE MARKET (GLOBAL) STARTUP/SME EVALUATION QUADRANT, 2020 168
12.8 COMPETITIVE SITUATIONS AND TRENDS 169
12.8.1 NEW PRODUCT LAUNCHES AND DEVELOPMENTS 169
TABLE 143 NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2021 169
12.8.2 DEALS 170
TABLE 144 DEALS, 2020–2021 170
13 COMPANY PROFILES 171
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 INTRODUCTION 171
13.2 KEY PLAYERS 171
13.2.1 INTEL 171
TABLE 145 INTEL: BUSINESS OVERVIEW 171
FIGURE 51 INTEL: COMPANY SNAPSHOT 172
13.2.2 NVIDIA 176
TABLE 146 NVIDIA: BUSINESS OVERVIEW 176
FIGURE 52 NVIDIA: COMPANY SNAPSHOT 177
13.2.3 AMD 181
TABLE 147 AMD: BUSINESS OVERVIEW 181
FIGURE 53 AMD: COMPANY SNAPSHOT 182
13.2.4 SAMSUNG ELECTRONICS 186
TABLE 148 SAMSUNG ELECTRONICS: BUSINESS OVERVIEW 186
FIGURE 54 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT 187
13.2.5 XILINX 190
TABLE 149 XILINX: BUSINESS OVERVIEW 190
FIGURE 55 XILINX: COMPANY SNAPSHOT 191
13.2.6 MICRON TECHNOLOGY 195
TABLE 150 MICRON TECHNOLOGY: BUSINESS OVERVIEW 195
FIGURE 56 MICRON TECHNOLOGY: COMPANY SNAPSHOT 196
13.2.7 IBM 198
TABLE 151 IBM: BUSINESS OVERVIEW 198
FIGURE 57 IBM: COMPANY SNAPSHOT 199
13.2.8 GOOGLE 202
TABLE 152 GOOGLE: BUSINESS OVERVIEW 202
FIGURE 58 GOOGLE: COMPANY SNAPSHOT 203
13.2.9 MICROSOFT 207
TABLE 153 MICROSOFT: BUSINESS OVERVIEW 207
FIGURE 59 MICROSOFT: COMPANY SNAPSHOT 208
13.2.10 AMAZON WEB SERVICE 211
TABLE 154 AMAZON WEB SERVICE (AWS): BUSINESS OVERVIEW 211
FIGURE 60 AMAZON WEB SERVICE: COMPANY SNAPSHOT 212
13.3 OTHER KEY PLAYERS 215
13.3.1 GRAPHCORE 215
TABLE 155 GRAPHCORE: COMPANY OVERVIEW 215
13.3.2 SK HYNIX 216
TABLE 156 SK HYNIX: COMPANY OVERVIEW 216
13.3.3 CISCO 217
TABLE 157 CISCO: COMPANY OVERVIEW 217
13.3.4 ARM 218
TABLE 158 ARM: COMPANY OVERVIEW 218
13.3.5 DELL 219
TABLE 159 DELL: COMPANY OVERVIEW 219
13.3.6 HPE 220
TABLE 160 HPE: COMPANY OVERVIEW 220
13.3.7 WAVE COMPUTING 221
TABLE 161 WAVE COMPUTING: COMPANY OVERVIEW 221
13.3.8 TOSHIBA 222
TABLE 162 TOSHIBA: COMPANY OVERVIEW 222
13.3.9 GYRFALCON TECHNOLOGY 223
TABLE 163 GYRFALCON TECHNOLOGY: COMPANY OVERVIEW 223
13.3.10 IMAGINATION TECHNOLOGIES 224
TABLE 164 IMAGINATION TECHNOLOGIES: COMPANY OVERVIEW 224
13.3.11 CAMBRICON TECHNOLOGIES 225
TABLE 165 CAMBRICON TECHNOLOGIES: COMPANY OVERVIEW 225
13.3.12 CADENCE DESIGN SYSTEMS 226
TABLE 166 CADENCE DESIGN SYSTEMS: COMPANY OVERVIEW 226
13.3.13 TENSTORRENT 227
TABLE 167 TENSTORRENT: COMPANY OVERVIEW 227
13.3.14 SYNOPSYS 228
TABLE 168 SYNOPSYS: COMPANY OVERVIEW 228
13.3.15 SENSETIME 229
TABLE 169 SENSETIME: COMPANY OVERVIEW 229
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 APPENDIX 230
14.1 INSIGHTS OF INDUSTRY EXPERTS 230
14.2 DISCUSSION GUIDE 231
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 234
14.4 AVAILABLE CUSTOMIZATIONS 236
14.5 RELATED REPORTS 237
14.6 AUTHOR DETAILS 238
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1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 22
1.3 STUDY SCOPE 23
1.3.1 MARKET SEGMENTATION 23
FIGURE 1 TELECOM POWER SYSTEM MARKET SEGMENTATION 23
1.3.2 GEOGRAPHIC SCOPE 23
1.3.3 INCLUSIONS AND EXCLUSIONS 24
1.3.4 YEARS CONSIDERED 25
1.4 CURRENCY 25
1.5 STAKEHOLDERS 25
1.6 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 2 TELECOM POWER SYSTEM MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Primary interviews with experts 29
2.1.2.2 Breakdown of primary interviews 29
2.1.2.3 Key data from primary sources 30
2.1.2.4 Key industry insights 30
2.2 MARKET SIZE ESTIMATION 31
FIGURE 3 TELECOM POWER SYSTEM MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 31
2.2.1 TOP-DOWN APPROACH 31
2.2.1.1 Approach for capturing market size by top-down analysis
(supply side) 32
FIGURE 4 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE 32
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE 33
2.2.2 BOTTOM-UP APPROACH 34
2.2.2.1 Approach for capturing market share by bottom-up analysis
(demand side) 34
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE 34
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 35
FIGURE 7 DATA TRIANGULATION 35
2.4 RESEARCH ASSUMPTIONS 36
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 36
2.5 LIMITATIONS 37
2.6 RISK FACTORS 37
3 EXECUTIVE SUMMARY 38
FIGURE 8 TELECOM POWER SYSTEM MARKET, 2018–2027 (USD BILLION) 39
3.1 TELECOM POWER SYSTEM MARKET SCENARIO 39
FIGURE 9 GROWTH PROJECTIONS FOR TELECOM POWER SYSTEM MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 39
3.1.1 REALISTIC SCENARIO 40
3.1.2 PESSIMISTIC SCENARIO 40
3.1.3 OPTIMISTIC SCENARIO 40
FIGURE 10 BAD GRID SEGMENT TO HOLD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET, BY GRID TYPE, DURING FORECAST PERIOD 40
FIGURE 11 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET, BY COMPONENT, DURING FORECAST PERIOD 41
FIGURE 12 DIESEL-BATTERY SEGMENT HELD LARGEST SHARE, BY POWER SOURCE,
OF TELECOM POWER SYSTEM MARKET IN 2021 41
FIGURE 13 APAC TO EXHIBIT HIGHEST CAGR IN GLOBAL TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 42
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN TELECOM POWER SYSTEM MARKET 43
FIGURE 14 INCREASING NUMBER OF TELECOM INFRASTRUCTURES IN REMOTE AREAS TO CREATE GROWTH OPPORTUNITIES FOR MARKET 43
4.2 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 44
FIGURE 15 DIESEL-SOLAR POWER SOURCE TO WITNESS HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 44
4.3 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 44
FIGURE 16 BAD-GRID SEGMENT HELD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET IN 2021 44
4.4 TELECOM POWER SYSTEM MARKET, BY COMPONENT 45
FIGURE 17 INVERTER COMPONENT SEGMENT TO EXPERIENCE HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 45
4.5 COUNTRY-WISE TELECOM POWER SYSTEM MARKET GROWTH 46
FIGURE 18 TELECOM POWER SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 47
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 47
5.2.1 DRIVERS 48
FIGURE 20 TELECOM POWER SYSTEM MARKET DRIVERS AND THEIR IMPACT 48
5.2.1.1 Increasing number of telecom infrastructures in remote areas 48
TABLE 2 4G TECHNOLOGY PENETRATION IN URBAN VS RURAL AREAS 49
5.2.1.2 Growing adoption of telecom services and high data traffic 49
FIGURE 21 MOBILE DATA TRAFFIC 2018–2022 49
TABLE 3 PENETRATION OF INDIVIDUALS USING INTERNET 50
5.2.1.3 Rising awareness about reducing carbon footprint from telecom power systems 50
5.2.2 RESTRAINTS 51
FIGURE 22 TELECOM POWER SYSTEM MARKET RESTRAINTS AND THEIR IMPACT 51
5.2.2.1 High deployment and operational costs 51
5.2.2.2 Environmental concerns due to usage of diesel 51
5.2.3 OPPORTUNITY 52
FIGURE 23 TELECOM POWER SYSTEM MARKET OPPORTUNITIES AND THEIR IMPACT 52
5.2.3.1 Growing adoption of hybrid power systems 52
5.2.3.2 Increasing technological advancements in cellular networks
(5G, LTE services, etc.) 53
TABLE 4 4G TECHNOLOGY PENETRATION 53
5.2.3.3 Surging requirements for advanced telecom infrastructure and
M2M connections 53
FIGURE 24 CELLULAR IOT CONNECTIONS, 2019 VS. 2025 54
5.2.3.4 Rising use of GaN-based power devices with evolution of 5G technology 54
5.2.4 CHALLENGES 55
FIGURE 25 TELECOM POWER SYSTEM MARKET CHALLENGES AND THEIR IMPACT 55
5.2.4.1 Lack of infrastructure development for energy management 55
5.2.4.2 Design challenges for telecom power systems 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 56
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO TELECOM POWER SYSTEM MARKET 56
5.4 ECOSYSTEM/MARKET MAP 57
TABLE 5 TELECOM POWER SYSTEM MARKET: ECOSYSTEM 57
FIGURE 27 KEY PLAYERS IN TELECOM POWER SYSTEM ECOSYSTEM 58
5.4.1 TELECOM POWER SYSTEM MANUFACTURERS 58
5.4.2 TELECOM NETWORK SOLUTION PROVIDERS 58
5.4.3 SYSTEM INTEGRATORS 58
5.4.4 NETWORK OPERATORS 59
5.5 TECHNOLOGY ANALYSIS 59
5.5.1 5G NETWORK 59
5.5.2 SMART MANUFACTURING 59
5.5.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS 60
5.6 VALUE CHAIN ANALYSIS 60
FIGURE 28 VALUE CHAIN: TELECOM POWER SYSTEM MARKET 60
5.7 PATENT ANALYSIS 62
TABLE 6 NOTABLE PATENTS PERTAINING TO TELECOM POWER SYSTEM MARKET 62
TABLE 7 NUMBER OF PATENTS REGISTERED RELATED TO TELECOM POWER SYSTEM MARKET IN LAST 10 YEARS 66
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS IN LAST 10 YEARS 67
FIGURE 30 NO. OF PATENTS GRANTED PER YEAR, 2012–2021 67
5.8 REGULATORY LANDSCAPE 68
5.8.1 NORTH AMERICA 68
5.8.2 EUROPE 68
5.8.3 APAC 69
5.8.4 GLOBAL 69
5.9 TRADE DATA 69
5.9.1 IMPORT DATA 70
TABLE 8 IMPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.9.2 EXPORT DATA 70
TABLE 9 EXPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.10 CASE STUDY ANALYSIS 71
5.10.1 POWERING OF LARGE TELECOM AND SEASONAL AIR CONDITIONING 71
5.10.2 ADVANCED REMOTE TELECOM SITE AUTOMATION 71
5.10.3 OFF-GRID LTE WIRELESS NETWORKS 72
5.10.4 HYBRID OFF-GRID TELECOM SITES 72
5.10.5 HD-PLC FOR A FASTER, CHEAPER SMART METERING 73
5.11 KEY CONFERENCES & EVENTS DURING 2022–2023 73
TABLE 10 TELECOM POWER SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS 73
5.12 PORTER’S FIVE FORCE ANALYSIS 77
TABLE 11 IMPACT OF PORTER’S FIVE FORCES ON TELECOM POWER SYSTEM MARKET 77
FIGURE 31 TELECOM POWER SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.12.1 INTENSITY OF COMPETITIVE RIVALRY 78
5.12.2 THREAT OF SUBSTITUTES 78
5.12.3 BARGAINING POWER OF BUYERS 78
5.12.4 BARGAINING POWER OF SUPPLIERS 78
5.12.5 THREAT OF NEW ENTRANTS 78
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 79
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES 79
TABLE 12 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES (%) 79
5.13.2 BUYING CRITERIA 80
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
TABLE 13 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
5.14 AVERAGE SELLING PRICE (ASP) ANALYSIS 81
FIGURE 34 GLOBAL ASP OF TELECOM POEWR SYSTEMS, 2021 81
6 TELECOM POWER SYSTEM MARKET, BY COMPONENT 82
6.1 INTRODUCTION 83
FIGURE 35 INVERTERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 83
TABLE 14 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2018–2021 (USD MILLION) 83
TABLE 15 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2022–2027 (USD MILLION) 84
6.2 RECTIFIERS 84
6.2.1 RECTIFIERS CONVERT ALTERNATING CURRENT TO DIRECT CURRENT AND PROVIDE POWER TO CHARGE BATTERIES 84
6.3 INVERTERS 85
6.3.1 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 85
6.4 CONVERTERS 85
6.4.1 MAJOR FUNCTION OF CONVERTERS IS TO CONVERT UNREGULATED VOLTAGE INTO REGULATED VOLTAGE 85
6.5 CONTROLLERS 86
6.5.1 CONTROLLERS PROVIDE INTELLIGENT CONTROL AND MONITOR OPERATIONAL PARAMETERS OF TEMECOM POEWR SYSTEMS 86
6.6 HEAT MANAGEMENT SYSTEMS 86
6.6.1 HEAT MANAGEMENT SYSTEMS OFFER INCLUDE HEAT EXCHANGE, DIRECT VENTILATION, THERMOELECTRIC COOLING, AND DC-POWERED AIR CONDITIONING 86
6.7 GENERATORS 87
6.7.1 GENERATORS PROVIDE RELIABILITY AND LONG HOURS OF USE IN REMOTE LOCATIONS WITHOUT COMPROMISING PERFORMANCE 87
6.8 OTHERS 87
6.8.1 POWER DISTRIBUTION UNITS 87
6.8.2 BATTERIES 88
6.8.3 SOLAR OR PV CELLS 88
6.8.4 WIND TURBINES 88
6.8.5 SURGE PROTECTION DEVICES 89
6.8.6 CIRCUIT BREAKERS 89
7 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 91
7.1 INTRODUCTION 92
FIGURE 36 TELECOM POWER SYSTEM FOR OFF-GRID TYPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 16 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2018–2021 (USD MILLION) 92
TABLE 17 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2022–2027 (USD MILLION) 92
7.2 ON-GRID 93
7.2.1 ON-GRID-CONNECTED TELECOM POWER SYSTEMS HAVE LOWER ENVIRONMENTAL IMPACT 93
TABLE 18 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2018–2021 (USD MILLION) 93
TABLE 19 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2022–2027 (USD MILLION) 93
7.3 OFF-GRID 94
7.3.1 OFF-GRID-CONNECTED TELECOM POWER SYSTEMS ARE EXPECTED TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 94
TABLE 20 TELECOM POWER SYSTEM MARKET FOR OFF-GRID, BY REGION,
2018–2021 (USD MILLION) 94
TABLE 21 TELECOM POWER SYSTEM MARKET FOR OFF-GRID BY REGION,
2022–2027 (USD MILLION) 95
7.4 BAD GRID 95
7.4.1 BAD GRID-CONNECTED TELECOM POWER SYSTEMS ARE MAINLY USED IN DEVELOPING ECONOMIES SUCH AS INDIA, BRAZIL, AND AFRICAN COUNTRIES 95
TABLE 22 TELECOM POWER SYSTEM MARKET FOR BAD GRID, BY REGION,
2018–2021 (USD MILLION) 96
TABLE 23 TELECOM POWER SYSTEM MARKET FOR BAD GRID BY REGION,
2022–2027 (USD MILLION) 96
8 TELECOM POWER SYSTEM MARKET, BY POWER RATING 97
8.1 INTRODUCTION 98
FIGURE 37 TELECOM POWER SYSTEMS WITH BELOW 10 KW POWER RATING TO DOMINATE MARKET DURING FORECAST PERIOD 98
TABLE 24 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (USD MILLION) 98
TABLE 25 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (USD MILLION) 99
TABLE 26 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (THOUSAND UNITS) 99
TABLE 27 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (THOUSAND UNITS) 99
8.2 BELOW 10 KW 100
8.2.1 TELECOM POWER SYSTEMS BELOW 10 KW ARE MAINLY USED IN CELL TOWERS, BTS, AND BASE STATIONS FOR TELECOM TOWERS 100
8.3 10–20 KW 100
8.3.1 POWER SYSTEMS OF 10–20 KW RATING ARE PRIMARILY USED IN
5G TOWERS AND RECTIFIER MODULES 100
8.4 ABOVE 20 KW 100
8.4.1 POWER SYSTEMS ABOVE 20 KW ARE MAINLY USED IN ACCESS NETWORKS, DATA CENTERS, AND INDOOR POWER SYSTEMS 100
9 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 101
9.1 INTRODUCTION 102
FIGURE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL-SOLAR POWER SOURCE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 102
TABLE 28 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2018–2021 (USD MILLION) 102
TABLE 29 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2022–2027 (USD MILLION) 103
9.2 DIESEL–BATTERY POWER SOURCE 103
9.2.1 DIESEL–BATTERY POWER SOURCE IS MOST COMMON POWER SOURCE USED FOR TELECOM POWER SYSTEMS 103
TABLE 30 ADVANTAGES OF DIESEL–BATTERY POWER SOURCE 103
TABLE 31 DISADVANTAGES OF DIESEL–BATTERY POWER SOURCE 104
TABLE 32 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 33 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE BY REGION, 2022–2027 (USD MILLION) 105
TABLE 34 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 105
TABLE 35 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 105
TABLE 36 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 37 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 106
TABLE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 39 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 107
TABLE 40 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 107
TABLE 41 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 107
9.3 DIESEL–SOLAR POWER SOURCE 108
9.3.1 DIESEL–SOLAR POWER SOURCE IS DESIGNED TO USE IN MORE REMOTE CELLULAR BASE STATIONS 108
TABLE 42 ADVANTAGES OF DIESEL–SOLAR POWER SOURCE 108
TABLE 43 DISADVANTAGES OF DIESEL–SOLAR POWER SOURCE 109
TABLE 44 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 109
TABLE 45 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 110
TABLE 46 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 110
TABLE 47 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 110
TABLE 48 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 49 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 111
TABLE 50 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 51 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 112
TABLE 52 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 112
TABLE 53 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 112
9.4 DIESEL–WIND POWER SOURCE 113
9.4.1 DIESEL–WIND POWER SYSTEMS ARE WELL SUITED IN BAD-GRID AND OFF-GRID AREAS 113
TABLE 54 ADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 55 DISADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 56 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 114
TABLE 57 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 114
TABLE 58 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 114
TABLE 59 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 60 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 115
TABLE 61 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 62 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 116
TABLE 63 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 116
TABLE 64 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 116
TABLE 65 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 117
9.5 MULTIPLE POWER SOURCES (DIESEL/SOLAR/WIND/BATTERY/BIOMASS) 117
9.5.1 MULTIPLE POWER SOURCES ENABLE COST-EFFECTIVE WAY OF GENERATING ELECTRICITY 117
TABLE 66 ADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 67 DISADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 68 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2018–2021 (USD MILLION) 118
TABLE 69 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2022–2027 (USD MILLION) 119
TABLE 70 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 71 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 72 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 73 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 120
TABLE 74 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 75 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 121
TABLE 76 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2018–2021 (USD MILLION) 121
TABLE 77 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2022–2027 (USD MILLION) 121
10 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY 122
10.1 INTRODUCTION 123
FIGURE 39 DC POWER SYSTEMS TO HOLD LARGER SHARE OF TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 123
TABLE 78 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION) 123
TABLE 79 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION) 123
10.2 AC POWER SYSTEMS 124
10.2.1 AC POWER SYSTEMS ARE MAINLY USED FOR TESTING RF AMPLIFIERS, SATELLITES, AND DATA CENTERS 124
10.3 DC POWER SYSTEMS 124
10.3.1 DC POWER SYSTEMS ARE MAINLY USED IN TELECOM POWER SYSTEMS 124
11 GEOGRAPHIC ANALYSIS 125
11.1 INTRODUCTION 126
FIGURE 40 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 80 TELECOM POWER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION) 126
TABLE 81 TELECOM POWER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION) 127
11.2 NORTH AMERICA 127
FIGURE 41 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN NORTH AMERICA 128
TABLE 82 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 128
TABLE 83 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 129
TABLE 84 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 129
TABLE 85 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 129
11.2.1 US 129
11.2.1.1 US held largest size of North American market in 2021 129
TABLE 86 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2018–2021 (USD MILLION) 130
TABLE 87 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2022–2027 (USD MILLION) 130
11.2.2 CANADA 131
11.2.2.1 Demand for telecom power systems in Canada is primarily driven by development of telecom infrastructure in rural areas 131
TABLE 88 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2018–2021 (USD MILLION) 131
TABLE 89 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2022–2027 (USD MILLION) 131
11.2.3 MEXICO 132
11.2.3.1 Mexico is estimated to be fastest-growing market in North America during forecast period 132
TABLE 90 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2018–2021 (USD MILLION) 132
TABLE 91 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2022–2027 (USD MILLION) 132
11.3 EUROPE 133
FIGURE 42 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN EUROPE 134
TABLE 92 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION) 134
TABLE 93 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 135
TABLE 94 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2018–2021 (USD MILLION) 135
TABLE 95 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2022–2027 (USD MILLION) 135
11.3.1 UK 136
11.3.1.1 UK is expected to be fastest-growing market in Europe during forecast period 136
TABLE 96 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2018–2021 (USD MILLION) 136
TABLE 97 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2022–2027 (USD MILLION) 136
11.3.2 GERMANY 137
11.3.2.1 Germany held largest share of telecom power system market in Europe in 2021 137
TABLE 98 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2018–2021 (USD MILLION) 137
TABLE 99 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2022–2027 (USD MILLION) 137
11.3.3 FRANCE 138
11.3.3.1 Expected introduction of upcoming 5G technology provides significant investment opportunities for leading telecom power system providers in France 138
TABLE 100 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2018–2021 (USD MILLION) 138
TABLE 101 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2022–2027 (USD MILLION) 138
11.3.4 SPAIN 139
11.3.4.1 Spain has developed telecommunication services with various new technologies and innovation trends 139
TABLE 102 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2018–2021 (USD MILLION) 139
TABLE 103 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2022–2027 (USD MILLION) 139
11.3.5 REST OF EUROPE 140
TABLE 104 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2018–2021 (USD MILLION) 140
TABLE 105 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2022–2027 (USD MILLION) 140
11.4 APAC 140
FIGURE 43 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN APAC 141
TABLE 106 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION) 142
TABLE 107 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION) 142
TABLE 108 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2018–2021 (USD MILLION) 142
TABLE 109 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2022–2027 (USD MILLION) 143
11.4.1 CHINA 143
11.4.1.1 China held largest share of telecom power system market in APAC
in 2021 143
TABLE 110 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2018–2021 (USD MILLION) 144
TABLE 111 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2022–2027 (USD MILLION) 144
11.4.2 JAPAN 144
11.4.2.1 Development and deployment of advanced telecom network infrastructures present opportunities for telecom power system providers in Japan 144
TABLE 112 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2018–2021 (USD MILLION) 145
TABLE 113 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2022–2027 (USD MILLION) 145
11.4.3 SOUTH KOREA 145
11.4.3.1 South Korea is among leaders in terms of development of telecom networks 145
TABLE 114 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2018–2021 (USD MILLION) 146
TABLE 115 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2022–2027 (USD MILLION) 146
11.4.4 INDIA 146
11.4.4.1 India is expected to be fastest-growing market during forecast period 146
TABLE 116 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2018–2021 (USD MILLION) 147
TABLE 117 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2022–2027 (USD MILLION) 147
11.4.5 AUSTRALIA & NEW ZEALAND 148
11.4.5.1 Technological advancements and telecom infrastructure developments propel growth of telecom power system market 148
TABLE 118 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2018–2021 (USD MILLION) 148
TABLE 119 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2022–2027 (USD MILLION) 148
11.4.6 REST OF APAC 149
TABLE 120 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2018–2021 (USD MILLION) 149
TABLE 121 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2022–2027 (USD MILLION) 149
11.5 ROW 150
TABLE 122 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION) 150
TABLE 123 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION) 150
TABLE 124 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2018–2021 (USD MILLION) 150
TABLE 125 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2022–2027 (USD MILLION) 151
11.5.1 MIDDLE EAST AND AFRICA 151
11.5.1.1 Middle East and Africa are expected to witness higher growth of market in RoW during forecast period 151
TABLE 126 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2018–2021 (USD MILLION) 152
TABLE 127 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2022–2027 (USD MILLION) 152
11.5.2 SOUTH AMERICA 152
11.5.2.1 Deployment of telecom infrastructures in rural areas propels growth of market in South America 152
TABLE 128 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 153
TABLE 129 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 153
12 COMPETITIVE LANDSCAPE 154
12.1 OVERVIEW 154
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 154
TABLE 130 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS 154
12.2.1 PRODUCT PORTFOLIO 156
12.2.2 REGIONAL FOCUS 156
12.2.3 MANUFACTURING FOOTPRINT 156
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 156
12.3 MARKET SHARE ANALYSIS: TELECOM POWER SYSTEM MARKET, 2021 157
TABLE 131 TELECOM POWER SYSTEM MARKET: DEGREE OF COMPETITION, 2021 157
12.4 5-YEAR COMPANY REVENUE ANALYSIS 158
FIGURE 44 5-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN TELECOM POWER SYSTEM MARKET 158
12.5 COMPANY EVALUATION QUADRANT 158
12.5.1 STAR 158
12.5.2 EMERGING LEADER 158
12.5.3 PERVASIVE 159
12.5.4 PARTICIPANT 159
FIGURE 45 TELECOM POWER SYSTEM COMPANY EVALUATION QUADRANT, 2021 159
12.5.5 COMPANY FOOTPRINT 160
TABLE 132 OVERALL COMPANY FOOTPRINT 160
TABLE 133 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS POWER SOURCES 161
TABLE 134 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS COMPONENTS 162
TABLE 135 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS REGIONS 163
12.6 START-UP/SME EVALUATION MATRIX 164
TABLE 136 LIST OF START-UPS IN TELECOM POWER SYSTEM MARKET 164
12.6.1 PROGRESSIVE COMPANIES 165
12.6.2 RESPONSIVE COMPANIES 165
12.6.3 DYNAMIC COMPANIES 165
12.6.4 STARTING BLOCKS 165
FIGURE 46 TELECOM POWER SYSTEM MARKET, STARTUP/SME EVALUATION MATRIX, 2021 166
12.7 COMPETITIVE SITUATIONS AND TRENDS 167
12.7.1 PRODUCT LAUNCHES 167
TABLE 137 PRODUCT LAUNCHES, 2020–2022 167
12.7.2 DEALS 173
TABLE 138 DEALS, 2020–2022 173
13 COMPANY PROFILES 175
13.1 INTRODUCTION 175
(Business overview, Products/solutions/services offered, Recent developments & MnM View)*
13.2 KEY PLAYERS 175
13.2.1 EATON 175
TABLE 139 EATON: COMPANY SNAPSHOT 176
FIGURE 47 EATON: COMPANY SNAPSHOT 176
13.2.2 HUAWEI TECHNOLOGIES 182
TABLE 140 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 182
FIGURE 48 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 183
13.2.3 CUMMINS 188
TABLE 141 CUMMINS: COMPANY SNAPSHOT 188
FIGURE 49 CUMMINS: COMPANY SNAPSHOT 189
13.2.4 ZTE CORPORATION 192
TABLE 142 ZTE CORPORATION: COMPANY SNAPSHOT 192
FIGURE 50 ZTE CORPORATION: COMPANY SNAPSHOT 193
13.2.5 GENERAL ELECTRIC 197
TABLE 143 GENERAL ELECTRIC: COMPANY SNAPSHOT 197
FIGURE 51 GENERAL ELECTRIC: COMPANY SNAPSHOT 198
13.2.6 SCHNEIDER ELECTRIC 201
TABLE 144 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 201
FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 202
13.2.7 ALPHA TECHNOLOGIES 205
TABLE 145 ALPHA TECHNOLOGIES: COMPANY SNAPSHOT 205
13.2.8 DELTA ELECTRONICS 207
TABLE 146 DELTA ELECTRONICS: COMPANY SNAPSHOT 207
FIGURE 53 DELTA ELECTRONICS: COMPANY SNAPSHOT 208
13.2.9 ABB 210
TABLE 147 ABB: COMPANY SNAPSHOT 210
FIGURE 54 ABB: COMPANY SNAPSHOT 211
*Details on Business overview, Products/solutions/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.3 OTHER PLAYERS 214
13.3.1 ASCOT INDUSTRIAL 214
TABLE 148 ASCOT INDUSTRIAL: COMPANY SNAPSHOT 214
13.3.2 UNIPOWER 215
TABLE 149 UNIPOWER: COMPANY SNAPSHOT 215
13.3.3 DYNAMIC POWER GROUP 216
TABLE 150 DYNAMIC POWER GROUP: COMPANY SNAPSHOT 216
13.3.4 EFORE 217
TABLE 151 EFORE: COMPANY SNAPSHOT 217
13.3.5 HANGZHOU ZHONGHENG POWER ENERGY 217
TABLE 152 HANGZHOU ZHONHENG POWER ENERGY: COMPANY SNAPSHOT 217
13.3.6 MYERS POWER PRODUCTS 218
TABLE 153 MYERS POWER PRODUCTS: COMPANY SNAPSHOT 218
13.3.7 STATICON 219
TABLE 154 STATICON: COMPANY SNAPSHOT 219
13.3.8 VERTIV GROUP 220
TABLE 155 VERTIV GROUP: COMPANY SNAPSHOT 220
13.3.9 VOLTSERVER 221
TABLE 156 VOLTSERVER: COMPANY SNAPSHOT 221
13.3.10 JMA WIRELESS 221
TABLE 157 JMA WIRELESS: COMPANY SNAPSHOT 221
13.3.11 CORNING INCORPORATED 222
TABLE 158 CORNING INCORPORATED: COMPANY SNAPSHOT 222
14 APPENDIX 223
14.1 DISCUSSION GUIDE 223
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 226
14.3 AVAILABLE CUSTOMIZATION 228
14.4 RELATED REPORTS 228
14.5 AUTHOR DETAILS 229
1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 22
1.3 STUDY SCOPE 23
1.3.1 MARKET SEGMENTATION 23
FIGURE 1 TELECOM POWER SYSTEM MARKET SEGMENTATION 23
1.3.2 GEOGRAPHIC SCOPE 23
1.3.3 INCLUSIONS AND EXCLUSIONS 24
1.3.4 YEARS CONSIDERED 25
1.4 CURRENCY 25
1.5 STAKEHOLDERS 25
1.6 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 2 TELECOM POWER SYSTEM MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Primary interviews with experts 29
2.1.2.2 Breakdown of primary interviews 29
2.1.2.3 Key data from primary sources 30
2.1.2.4 Key industry insights 30
2.2 MARKET SIZE ESTIMATION 31
FIGURE 3 TELECOM POWER SYSTEM MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 31
2.2.1 TOP-DOWN APPROACH 31
2.2.1.1 Approach for capturing market size by top-down analysis
(supply side) 32
FIGURE 4 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE 32
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE 33
2.2.2 BOTTOM-UP APPROACH 34
2.2.2.1 Approach for capturing market share by bottom-up analysis
(demand side) 34
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE 34
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 35
FIGURE 7 DATA TRIANGULATION 35
2.4 RESEARCH ASSUMPTIONS 36
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 36
2.5 LIMITATIONS 37
2.6 RISK FACTORS 37
3 EXECUTIVE SUMMARY 38
FIGURE 8 TELECOM POWER SYSTEM MARKET, 2018–2027 (USD BILLION) 39
3.1 TELECOM POWER SYSTEM MARKET SCENARIO 39
FIGURE 9 GROWTH PROJECTIONS FOR TELECOM POWER SYSTEM MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 39
3.1.1 REALISTIC SCENARIO 40
3.1.2 PESSIMISTIC SCENARIO 40
3.1.3 OPTIMISTIC SCENARIO 40
FIGURE 10 BAD GRID SEGMENT TO HOLD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET, BY GRID TYPE, DURING FORECAST PERIOD 40
FIGURE 11 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET, BY COMPONENT, DURING FORECAST PERIOD 41
FIGURE 12 DIESEL-BATTERY SEGMENT HELD LARGEST SHARE, BY POWER SOURCE,
OF TELECOM POWER SYSTEM MARKET IN 2021 41
FIGURE 13 APAC TO EXHIBIT HIGHEST CAGR IN GLOBAL TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 42
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN TELECOM POWER SYSTEM MARKET 43
FIGURE 14 INCREASING NUMBER OF TELECOM INFRASTRUCTURES IN REMOTE AREAS TO CREATE GROWTH OPPORTUNITIES FOR MARKET 43
4.2 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 44
FIGURE 15 DIESEL-SOLAR POWER SOURCE TO WITNESS HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 44
4.3 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 44
FIGURE 16 BAD-GRID SEGMENT HELD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET IN 2021 44
4.4 TELECOM POWER SYSTEM MARKET, BY COMPONENT 45
FIGURE 17 INVERTER COMPONENT SEGMENT TO EXPERIENCE HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 45
4.5 COUNTRY-WISE TELECOM POWER SYSTEM MARKET GROWTH 46
FIGURE 18 TELECOM POWER SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 47
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 47
5.2.1 DRIVERS 48
FIGURE 20 TELECOM POWER SYSTEM MARKET DRIVERS AND THEIR IMPACT 48
5.2.1.1 Increasing number of telecom infrastructures in remote areas 48
TABLE 2 4G TECHNOLOGY PENETRATION IN URBAN VS RURAL AREAS 49
5.2.1.2 Growing adoption of telecom services and high data traffic 49
FIGURE 21 MOBILE DATA TRAFFIC 2018–2022 49
TABLE 3 PENETRATION OF INDIVIDUALS USING INTERNET 50
5.2.1.3 Rising awareness about reducing carbon footprint from telecom power systems 50
5.2.2 RESTRAINTS 51
FIGURE 22 TELECOM POWER SYSTEM MARKET RESTRAINTS AND THEIR IMPACT 51
5.2.2.1 High deployment and operational costs 51
5.2.2.2 Environmental concerns due to usage of diesel 51
5.2.3 OPPORTUNITY 52
FIGURE 23 TELECOM POWER SYSTEM MARKET OPPORTUNITIES AND THEIR IMPACT 52
5.2.3.1 Growing adoption of hybrid power systems 52
5.2.3.2 Increasing technological advancements in cellular networks
(5G, LTE services, etc.) 53
TABLE 4 4G TECHNOLOGY PENETRATION 53
5.2.3.3 Surging requirements for advanced telecom infrastructure and
M2M connections 53
FIGURE 24 CELLULAR IOT CONNECTIONS, 2019 VS. 2025 54
5.2.3.4 Rising use of GaN-based power devices with evolution of 5G technology 54
5.2.4 CHALLENGES 55
FIGURE 25 TELECOM POWER SYSTEM MARKET CHALLENGES AND THEIR IMPACT 55
5.2.4.1 Lack of infrastructure development for energy management 55
5.2.4.2 Design challenges for telecom power systems 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 56
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO TELECOM POWER SYSTEM MARKET 56
5.4 ECOSYSTEM/MARKET MAP 57
TABLE 5 TELECOM POWER SYSTEM MARKET: ECOSYSTEM 57
FIGURE 27 KEY PLAYERS IN TELECOM POWER SYSTEM ECOSYSTEM 58
5.4.1 TELECOM POWER SYSTEM MANUFACTURERS 58
5.4.2 TELECOM NETWORK SOLUTION PROVIDERS 58
5.4.3 SYSTEM INTEGRATORS 58
5.4.4 NETWORK OPERATORS 59
5.5 TECHNOLOGY ANALYSIS 59
5.5.1 5G NETWORK 59
5.5.2 SMART MANUFACTURING 59
5.5.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS 60
5.6 VALUE CHAIN ANALYSIS 60
FIGURE 28 VALUE CHAIN: TELECOM POWER SYSTEM MARKET 60
5.7 PATENT ANALYSIS 62
TABLE 6 NOTABLE PATENTS PERTAINING TO TELECOM POWER SYSTEM MARKET 62
TABLE 7 NUMBER OF PATENTS REGISTERED RELATED TO TELECOM POWER SYSTEM MARKET IN LAST 10 YEARS 66
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS IN LAST 10 YEARS 67
FIGURE 30 NO. OF PATENTS GRANTED PER YEAR, 2012–2021 67
5.8 REGULATORY LANDSCAPE 68
5.8.1 NORTH AMERICA 68
5.8.2 EUROPE 68
5.8.3 APAC 69
5.8.4 GLOBAL 69
5.9 TRADE DATA 69
5.9.1 IMPORT DATA 70
TABLE 8 IMPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.9.2 EXPORT DATA 70
TABLE 9 EXPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.10 CASE STUDY ANALYSIS 71
5.10.1 POWERING OF LARGE TELECOM AND SEASONAL AIR CONDITIONING 71
5.10.2 ADVANCED REMOTE TELECOM SITE AUTOMATION 71
5.10.3 OFF-GRID LTE WIRELESS NETWORKS 72
5.10.4 HYBRID OFF-GRID TELECOM SITES 72
5.10.5 HD-PLC FOR A FASTER, CHEAPER SMART METERING 73
5.11 KEY CONFERENCES & EVENTS DURING 2022–2023 73
TABLE 10 TELECOM POWER SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS 73
5.12 PORTER’S FIVE FORCE ANALYSIS 77
TABLE 11 IMPACT OF PORTER’S FIVE FORCES ON TELECOM POWER SYSTEM MARKET 77
FIGURE 31 TELECOM POWER SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.12.1 INTENSITY OF COMPETITIVE RIVALRY 78
5.12.2 THREAT OF SUBSTITUTES 78
5.12.3 BARGAINING POWER OF BUYERS 78
5.12.4 BARGAINING POWER OF SUPPLIERS 78
5.12.5 THREAT OF NEW ENTRANTS 78
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 79
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES 79
TABLE 12 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES (%) 79
5.13.2 BUYING CRITERIA 80
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
TABLE 13 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
5.14 AVERAGE SELLING PRICE (ASP) ANALYSIS 81
FIGURE 34 GLOBAL ASP OF TELECOM POEWR SYSTEMS, 2021 81
6 TELECOM POWER SYSTEM MARKET, BY COMPONENT 82
6.1 INTRODUCTION 83
FIGURE 35 INVERTERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 83
TABLE 14 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2018–2021 (USD MILLION) 83
TABLE 15 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2022–2027 (USD MILLION) 84
6.2 RECTIFIERS 84
6.2.1 RECTIFIERS CONVERT ALTERNATING CURRENT TO DIRECT CURRENT AND PROVIDE POWER TO CHARGE BATTERIES 84
6.3 INVERTERS 85
6.3.1 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 85
6.4 CONVERTERS 85
6.4.1 MAJOR FUNCTION OF CONVERTERS IS TO CONVERT UNREGULATED VOLTAGE INTO REGULATED VOLTAGE 85
6.5 CONTROLLERS 86
6.5.1 CONTROLLERS PROVIDE INTELLIGENT CONTROL AND MONITOR OPERATIONAL PARAMETERS OF TEMECOM POEWR SYSTEMS 86
6.6 HEAT MANAGEMENT SYSTEMS 86
6.6.1 HEAT MANAGEMENT SYSTEMS OFFER INCLUDE HEAT EXCHANGE, DIRECT VENTILATION, THERMOELECTRIC COOLING, AND DC-POWERED AIR CONDITIONING 86
6.7 GENERATORS 87
6.7.1 GENERATORS PROVIDE RELIABILITY AND LONG HOURS OF USE IN REMOTE LOCATIONS WITHOUT COMPROMISING PERFORMANCE 87
6.8 OTHERS 87
6.8.1 POWER DISTRIBUTION UNITS 87
6.8.2 BATTERIES 88
6.8.3 SOLAR OR PV CELLS 88
6.8.4 WIND TURBINES 88
6.8.5 SURGE PROTECTION DEVICES 89
6.8.6 CIRCUIT BREAKERS 89
7 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 91
7.1 INTRODUCTION 92
FIGURE 36 TELECOM POWER SYSTEM FOR OFF-GRID TYPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 16 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2018–2021 (USD MILLION) 92
TABLE 17 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2022–2027 (USD MILLION) 92
7.2 ON-GRID 93
7.2.1 ON-GRID-CONNECTED TELECOM POWER SYSTEMS HAVE LOWER ENVIRONMENTAL IMPACT 93
TABLE 18 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2018–2021 (USD MILLION) 93
TABLE 19 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2022–2027 (USD MILLION) 93
7.3 OFF-GRID 94
7.3.1 OFF-GRID-CONNECTED TELECOM POWER SYSTEMS ARE EXPECTED TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 94
TABLE 20 TELECOM POWER SYSTEM MARKET FOR OFF-GRID, BY REGION,
2018–2021 (USD MILLION) 94
TABLE 21 TELECOM POWER SYSTEM MARKET FOR OFF-GRID BY REGION,
2022–2027 (USD MILLION) 95
7.4 BAD GRID 95
7.4.1 BAD GRID-CONNECTED TELECOM POWER SYSTEMS ARE MAINLY USED IN DEVELOPING ECONOMIES SUCH AS INDIA, BRAZIL, AND AFRICAN COUNTRIES 95
TABLE 22 TELECOM POWER SYSTEM MARKET FOR BAD GRID, BY REGION,
2018–2021 (USD MILLION) 96
TABLE 23 TELECOM POWER SYSTEM MARKET FOR BAD GRID BY REGION,
2022–2027 (USD MILLION) 96
8 TELECOM POWER SYSTEM MARKET, BY POWER RATING 97
8.1 INTRODUCTION 98
FIGURE 37 TELECOM POWER SYSTEMS WITH BELOW 10 KW POWER RATING TO DOMINATE MARKET DURING FORECAST PERIOD 98
TABLE 24 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (USD MILLION) 98
TABLE 25 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (USD MILLION) 99
TABLE 26 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (THOUSAND UNITS) 99
TABLE 27 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (THOUSAND UNITS) 99
8.2 BELOW 10 KW 100
8.2.1 TELECOM POWER SYSTEMS BELOW 10 KW ARE MAINLY USED IN CELL TOWERS, BTS, AND BASE STATIONS FOR TELECOM TOWERS 100
8.3 10–20 KW 100
8.3.1 POWER SYSTEMS OF 10–20 KW RATING ARE PRIMARILY USED IN
5G TOWERS AND RECTIFIER MODULES 100
8.4 ABOVE 20 KW 100
8.4.1 POWER SYSTEMS ABOVE 20 KW ARE MAINLY USED IN ACCESS NETWORKS, DATA CENTERS, AND INDOOR POWER SYSTEMS 100
9 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 101
9.1 INTRODUCTION 102
FIGURE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL-SOLAR POWER SOURCE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 102
TABLE 28 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2018–2021 (USD MILLION) 102
TABLE 29 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2022–2027 (USD MILLION) 103
9.2 DIESEL–BATTERY POWER SOURCE 103
9.2.1 DIESEL–BATTERY POWER SOURCE IS MOST COMMON POWER SOURCE USED FOR TELECOM POWER SYSTEMS 103
TABLE 30 ADVANTAGES OF DIESEL–BATTERY POWER SOURCE 103
TABLE 31 DISADVANTAGES OF DIESEL–BATTERY POWER SOURCE 104
TABLE 32 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 33 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE BY REGION, 2022–2027 (USD MILLION) 105
TABLE 34 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 105
TABLE 35 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 105
TABLE 36 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 37 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 106
TABLE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 39 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 107
TABLE 40 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 107
TABLE 41 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 107
9.3 DIESEL–SOLAR POWER SOURCE 108
9.3.1 DIESEL–SOLAR POWER SOURCE IS DESIGNED TO USE IN MORE REMOTE CELLULAR BASE STATIONS 108
TABLE 42 ADVANTAGES OF DIESEL–SOLAR POWER SOURCE 108
TABLE 43 DISADVANTAGES OF DIESEL–SOLAR POWER SOURCE 109
TABLE 44 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 109
TABLE 45 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 110
TABLE 46 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 110
TABLE 47 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 110
TABLE 48 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 49 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 111
TABLE 50 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 51 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 112
TABLE 52 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 112
TABLE 53 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 112
9.4 DIESEL–WIND POWER SOURCE 113
9.4.1 DIESEL–WIND POWER SYSTEMS ARE WELL SUITED IN BAD-GRID AND OFF-GRID AREAS 113
TABLE 54 ADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 55 DISADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 56 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 114
TABLE 57 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 114
TABLE 58 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 114
TABLE 59 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 60 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 115
TABLE 61 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 62 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 116
TABLE 63 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 116
TABLE 64 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 116
TABLE 65 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 117
9.5 MULTIPLE POWER SOURCES (DIESEL/SOLAR/WIND/BATTERY/BIOMASS) 117
9.5.1 MULTIPLE POWER SOURCES ENABLE COST-EFFECTIVE WAY OF GENERATING ELECTRICITY 117
TABLE 66 ADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 67 DISADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 68 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2018–2021 (USD MILLION) 118
TABLE 69 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2022–2027 (USD MILLION) 119
TABLE 70 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 71 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 72 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 73 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 120
TABLE 74 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 75 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 121
TABLE 76 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2018–2021 (USD MILLION) 121
TABLE 77 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2022–2027 (USD MILLION) 121
10 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY 122
10.1 INTRODUCTION 123
FIGURE 39 DC POWER SYSTEMS TO HOLD LARGER SHARE OF TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 123
TABLE 78 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION) 123
TABLE 79 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION) 123
10.2 AC POWER SYSTEMS 124
10.2.1 AC POWER SYSTEMS ARE MAINLY USED FOR TESTING RF AMPLIFIERS, SATELLITES, AND DATA CENTERS 124
10.3 DC POWER SYSTEMS 124
10.3.1 DC POWER SYSTEMS ARE MAINLY USED IN TELECOM POWER SYSTEMS 124
11 GEOGRAPHIC ANALYSIS 125
11.1 INTRODUCTION 126
FIGURE 40 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 80 TELECOM POWER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION) 126
TABLE 81 TELECOM POWER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION) 127
11.2 NORTH AMERICA 127
FIGURE 41 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN NORTH AMERICA 128
TABLE 82 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 128
TABLE 83 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 129
TABLE 84 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 129
TABLE 85 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 129
11.2.1 US 129
11.2.1.1 US held largest size of North American market in 2021 129
TABLE 86 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2018–2021 (USD MILLION) 130
TABLE 87 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2022–2027 (USD MILLION) 130
11.2.2 CANADA 131
11.2.2.1 Demand for telecom power systems in Canada is primarily driven by development of telecom infrastructure in rural areas 131
TABLE 88 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2018–2021 (USD MILLION) 131
TABLE 89 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2022–2027 (USD MILLION) 131
11.2.3 MEXICO 132
11.2.3.1 Mexico is estimated to be fastest-growing market in North America during forecast period 132
TABLE 90 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2018–2021 (USD MILLION) 132
TABLE 91 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2022–2027 (USD MILLION) 132
11.3 EUROPE 133
FIGURE 42 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN EUROPE 134
TABLE 92 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION) 134
TABLE 93 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 135
TABLE 94 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2018–2021 (USD MILLION) 135
TABLE 95 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2022–2027 (USD MILLION) 135
11.3.1 UK 136
11.3.1.1 UK is expected to be fastest-growing market in Europe during forecast period 136
TABLE 96 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2018–2021 (USD MILLION) 136
TABLE 97 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2022–2027 (USD MILLION) 136
11.3.2 GERMANY 137
11.3.2.1 Germany held largest share of telecom power system market in Europe in 2021 137
TABLE 98 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2018–2021 (USD MILLION) 137
TABLE 99 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2022–2027 (USD MILLION) 137
11.3.3 FRANCE 138
11.3.3.1 Expected introduction of upcoming 5G technology provides significant investment opportunities for leading telecom power system providers in France 138
TABLE 100 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2018–2021 (USD MILLION) 138
TABLE 101 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2022–2027 (USD MILLION) 138
11.3.4 SPAIN 139
11.3.4.1 Spain has developed telecommunication services with various new technologies and innovation trends 139
TABLE 102 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2018–2021 (USD MILLION) 139
TABLE 103 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2022–2027 (USD MILLION) 139
11.3.5 REST OF EUROPE 140
TABLE 104 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2018–2021 (USD MILLION) 140
TABLE 105 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2022–2027 (USD MILLION) 140
11.4 APAC 140
FIGURE 43 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN APAC 141
TABLE 106 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION) 142
TABLE 107 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION) 142
TABLE 108 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2018–2021 (USD MILLION) 142
TABLE 109 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2022–2027 (USD MILLION) 143
11.4.1 CHINA 143
11.4.1.1 China held largest share of telecom power system market in APAC
in 2021 143
TABLE 110 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2018–2021 (USD MILLION) 144
TABLE 111 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2022–2027 (USD MILLION) 144
11.4.2 JAPAN 144
11.4.2.1 Development and deployment of advanced telecom network infrastructures present opportunities for telecom power system providers in Japan 144
TABLE 112 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2018–2021 (USD MILLION) 145
TABLE 113 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2022–2027 (USD MILLION) 145
11.4.3 SOUTH KOREA 145
11.4.3.1 South Korea is among leaders in terms of development of telecom networks 145
TABLE 114 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2018–2021 (USD MILLION) 146
TABLE 115 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2022–2027 (USD MILLION) 146
11.4.4 INDIA 146
11.4.4.1 India is expected to be fastest-growing market during forecast period 146
TABLE 116 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2018–2021 (USD MILLION) 147
TABLE 117 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2022–2027 (USD MILLION) 147
11.4.5 AUSTRALIA & NEW ZEALAND 148
11.4.5.1 Technological advancements and telecom infrastructure developments propel growth of telecom power system market 148
TABLE 118 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2018–2021 (USD MILLION) 148
TABLE 119 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2022–2027 (USD MILLION) 148
11.4.6 REST OF APAC 149
TABLE 120 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2018–2021 (USD MILLION) 149
TABLE 121 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2022–2027 (USD MILLION) 149
11.5 ROW 150
TABLE 122 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION) 150
TABLE 123 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION) 150
TABLE 124 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2018–2021 (USD MILLION) 150
TABLE 125 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2022–2027 (USD MILLION) 151
11.5.1 MIDDLE EAST AND AFRICA 151
11.5.1.1 Middle East and Africa are expected to witness higher growth of market in RoW during forecast period 151
TABLE 126 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2018–2021 (USD MILLION) 152
TABLE 127 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2022–2027 (USD MILLION) 152
11.5.2 SOUTH AMERICA 152
11.5.2.1 Deployment of telecom infrastructures in rural areas propels growth of market in South America 152
TABLE 128 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 153
TABLE 129 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 153
12 COMPETITIVE LANDSCAPE 154
12.1 OVERVIEW 154
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 154
TABLE 130 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS 154
12.2.1 PRODUCT PORTFOLIO 156
12.2.2 REGIONAL FOCUS 156
12.2.3 MANUFACTURING FOOTPRINT 156
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 156
12.3 MARKET SHARE ANALYSIS: TELECOM POWER SYSTEM MARKET, 2021 157
TABLE 131 TELECOM POWER SYSTEM MARKET: DEGREE OF COMPETITION, 2021 157
12.4 5-YEAR COMPANY REVENUE ANALYSIS 158
FIGURE 44 5-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN TELECOM POWER SYSTEM MARKET 158
12.5 COMPANY EVALUATION QUADRANT 158
12.5.1 STAR 158
12.5.2 EMERGING LEADER 158
12.5.3 PERVASIVE 159
12.5.4 PARTICIPANT 159
FIGURE 45 TELECOM POWER SYSTEM COMPANY EVALUATION QUADRANT, 2021 159
12.5.5 COMPANY FOOTPRINT 160
TABLE 132 OVERALL COMPANY FOOTPRINT 160
TABLE 133 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS POWER SOURCES 161
TABLE 134 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS COMPONENTS 162
TABLE 135 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS REGIONS 163
12.6 START-UP/SME EVALUATION MATRIX 164
TABLE 136 LIST OF START-UPS IN TELECOM POWER SYSTEM MARKET 164
12.6.1 PROGRESSIVE COMPANIES 165
12.6.2 RESPONSIVE COMPANIES 165
12.6.3 DYNAMIC COMPANIES 165
12.6.4 STARTING BLOCKS 165
FIGURE 46 TELECOM POWER SYSTEM MARKET, STARTUP/SME EVALUATION MATRIX, 2021 166
12.7 COMPETITIVE SITUATIONS AND TRENDS 167
12.7.1 PRODUCT LAUNCHES 167
TABLE 137 PRODUCT LAUNCHES, 2020–2022 167
12.7.2 DEALS 173
TABLE 138 DEALS, 2020–2022 173
13 COMPANY PROFILES 175
13.1 INTRODUCTION 175
(Business overview, Products/solutions/services offered, Recent developments & MnM View)*
13.2 KEY PLAYERS 175
13.2.1 EATON 175
TABLE 139 EATON: COMPANY SNAPSHOT 176
FIGURE 47 EATON: COMPANY SNAPSHOT 176
13.2.2 HUAWEI TECHNOLOGIES 182
TABLE 140 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 182
FIGURE 48 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 183
13.2.3 CUMMINS 188
TABLE 141 CUMMINS: COMPANY SNAPSHOT 188
FIGURE 49 CUMMINS: COMPANY SNAPSHOT 189
13.2.4 ZTE CORPORATION 192
TABLE 142 ZTE CORPORATION: COMPANY SNAPSHOT 192
FIGURE 50 ZTE CORPORATION: COMPANY SNAPSHOT 193
13.2.5 GENERAL ELECTRIC 197
TABLE 143 GENERAL ELECTRIC: COMPANY SNAPSHOT 197
FIGURE 51 GENERAL ELECTRIC: COMPANY SNAPSHOT 198
13.2.6 SCHNEIDER ELECTRIC 201
TABLE 144 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 201
FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 202
13.2.7 ALPHA TECHNOLOGIES 205
TABLE 145 ALPHA TECHNOLOGIES: COMPANY SNAPSHOT 205
13.2.8 DELTA ELECTRONICS 207
TABLE 146 DELTA ELECTRONICS: COMPANY SNAPSHOT 207
FIGURE 53 DELTA ELECTRONICS: COMPANY SNAPSHOT 208
13.2.9 ABB 210
TABLE 147 ABB: COMPANY SNAPSHOT 210
FIGURE 54 ABB: COMPANY SNAPSHOT 211
*Details on Business overview, Products/solutions/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.3 OTHER PLAYERS 214
13.3.1 ASCOT INDUSTRIAL 214
TABLE 148 ASCOT INDUSTRIAL: COMPANY SNAPSHOT 214
13.3.2 UNIPOWER 215
TABLE 149 UNIPOWER: COMPANY SNAPSHOT 215
13.3.3 DYNAMIC POWER GROUP 216
TABLE 150 DYNAMIC POWER GROUP: COMPANY SNAPSHOT 216
13.3.4 EFORE 217
TABLE 151 EFORE: COMPANY SNAPSHOT 217
13.3.5 HANGZHOU ZHONGHENG POWER ENERGY 217
TABLE 152 HANGZHOU ZHONHENG POWER ENERGY: COMPANY SNAPSHOT 217
13.3.6 MYERS POWER PRODUCTS 218
TABLE 153 MYERS POWER PRODUCTS: COMPANY SNAPSHOT 218
13.3.7 STATICON 219
TABLE 154 STATICON: COMPANY SNAPSHOT 219
13.3.8 VERTIV GROUP 220
TABLE 155 VERTIV GROUP: COMPANY SNAPSHOT 220
13.3.9 VOLTSERVER 221
TABLE 156 VOLTSERVER: COMPANY SNAPSHOT 221
13.3.10 JMA WIRELESS 221
TABLE 157 JMA WIRELESS: COMPANY SNAPSHOT 221
13.3.11 CORNING INCORPORATED 222
TABLE 158 CORNING INCORPORATED: COMPANY SNAPSHOT 222
14 APPENDIX 223
14.1 DISCUSSION GUIDE 223
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 226
14.3 AVAILABLE CUSTOMIZATION 228
14.4 RELATED REPORTS 228
14.5 AUTHOR DETAILS 229
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1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION AND SCOPE 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED 26
1.3.2 GEOGRAPHIC SCOPE 27
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY 27
1.5 MARKET STAKEHOLDERS 28
1.6 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 1 SMART LOCK MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of major secondary sources 30
2.1.1.2 Secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Primary Expert Interviews 31
2.1.2.2 Key data from primary sources 32
2.1.2.3 Key industry insights 32
2.1.2.4 Breakdown of primaries 33
2.1.3 SECONDARY AND PRIMARY RESEARCH 34
2.2 MARKET SIZE ESTIMATION 35
FIGURE 2 PROCESS FLOW 35
2.2.1 BOTTOM-UP APPROACH 35
2.2.1.1 Approach for calculating market share through bottom-up analysis (demand side) 35
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Approach for calculating market share through top-down analysis (supply side) 37
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 37
2.3 MARKET RANKING ESTIMATION 37
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 38
2.5 RESEARCH ASSUMPTIONS 39
3 EXECUTIVE SUMMARY 40
FIGURE 6 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 41
FIGURE 7 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 41
FIGURE 8 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 42
FIGURE 9 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 42
FIGURE 10 SMART LOCK MARKET IN APAC TO REGISTER HIGHEST CAGR BETWEEN
2022 AND 2027 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES IN SMART LOCK MARKET 44
FIGURE 11 RISING DEMAND FOR INTERNET-BASED SECURITY SOLUTIONS TO DRIVE GROWTH OF SMART LOCK MARKET 44
4.2 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 44
FIGURE 12 US AND RESIDENTIAL VERTICAL TO DOMINATE NORTH AMERICAN SMART LOCK MARKET DURING FORECAST PERIOD 44
4.3 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE 45
FIGURE 13 SMART LOCK MARKET FOR DEADBOLT LOCKS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 45
4.4 SMART LOCK MARKET, BY COUNTRY 45
FIGURE 14 CHINA TO ACCOUNT FOR HIGHEST GROWTH RATE IN GLOBAL SMART LOCK MARKET IN 2022 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 15 SMART LOCK MARKET DYNAMICS 46
FIGURE 16 DRIVERS AND THEIR IMPACT ON SMART LOCK MARKET 47
FIGURE 17 OPPORTUNITIES AND THEIR IMPACT ON SMART LOCK MARKET 48
FIGURE 18 RESTRAINTS & CHALLENGES AND THEIR IMPACT ON SMART LOCK MARKET 49
5.2.1 DRIVERS 49
5.2.1.1 Growing security concerns 49
5.2.1.2 Enhanced features compared with traditional lock systems 50
5.2.1.3 Rising adoption of smartphones and other connected devices 50
5.2.2 RESTRAINTS 50
5.2.2.1 High cost and perception of unreliability 50
5.2.2.2 Lack of awareness among customers 51
5.2.3 OPPORTUNITIES 51
5.2.3.1 Increasing adoption of IoT-based security systems 51
5.2.3.2 Rapid urbanization in emerging nations 51
5.2.3.3 Global proliferation of smart cities 52
5.2.4 CHALLENGES 52
5.2.4.1 Risk of cyberattacks through smart devices and IoT-enabled devices 52
5.3 VALUE CHAIN ANALYSIS 52
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY RAW MATERIAL SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS 53
5.4 SMART LOCK MARKET ECOSYSTEM 54
FIGURE 20 SMART LOCK MARKET ECOSYSTEM 54
6 SMART LOCK MARKET, BY LOCK TYPE 55
6.1 INTRODUCTION 56
FIGURE 21 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 56
TABLE 1 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (USD MILLION) 56
TABLE 2 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (USD MILLION) 57
TABLE 3 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (MILLION UNITS) 57
TABLE 4 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (MILLION UNITS) 58
6.2 DEADBOLT LOCKS 58
6.2.1 INCREASING DEPLOYMENT OF DEADBOLT LOCKS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 58
FIGURE 22 RESIDENTIAL VERTICAL TO HOLD LARGEST SHARE OF SMART LOCK MARKET FOR DEADBOLTS DURING FORECAST PERIOD 59
TABLE 5 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 59
TABLE 6 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 59
6.3 LEVER HANDLES 60
6.3.1 CONVENIENT STRUCTURE AND THEIR COMPLIANCE WITH US DISABILITIES ACT 1990 TO FUEL DEMAND FOR LEVER HANDLES 60
TABLE 7 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2018–2021 (USD MILLION) 60
TABLE 8 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2022–2027 (USD MILLION) 60
6.4 SERVER LOCKS AND LATCHES 61
6.4.1 RISING CONCERNS REGARDING CYBERATTACKS TO FUEL DEMAND FOR SERVER LOCKS AND LATCHES 61
TABLE 9 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2018–2021 (USD MILLION) 61
TABLE 10 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2022–2027 (USD MILLION) 61
6.5 KNOB LOCKS 62
6.5.1 GROWING USE OF KNOB LOCKS WITH DEADBOLTS ON EXTERIOR DOORS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 62
TABLE 11 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 62
TABLE 12 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 62
6.6 OTHERS 63
TABLE 13 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2018–2021 (USD MILLION) 63
TABLE 14 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2022–2027 (USD MILLION) 63
7 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL 64
7.1 INTRODUCTION 65
FIGURE 23 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 65
TABLE 15 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2018–2021 (USD MILLION) 65
TABLE 16 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2022–2027 (USD MILLION) 66
7.2 WI-FI 66
7.2.1 CONNECTIVITY BENEFITS OFFERED BY WI-FI TO DRIVE MARKET GROWTH 66
7.3 BLUETOOTH 67
7.3.1 WIDE RANGE, LOW POWER CONSUMPTION, AND HIGH RELIABILITY AND BANDWIDTH FEATURES TO FUEL MARKET GROWTH 67
7.4 Z-WAVE 67
7.4.1 GROWING POPULARITY OF RELIABILITY AND HIGH-SPEED FEATURES OF Z-WAVE TO DRIVE MARKET GROWTH 67
7.5 OTHERS 67
7.5.1 ZIGBEE 67
7.5.2 THREAD 67
7.5.3 NFC 67
8 SMART LOCK MARKET, BY UNLOCKING MECHANISM 68
8.1 INTRODUCTION 69
FIGURE 24 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 69
TABLE 17 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2018–2021 (USD MILLION) 69
TABLE 18 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2022–2027 (USD MILLION) 70
8.2 KEYPAD 70
8.2.1 INTEGRATION OF KEYPADS WITH ACCESS CONTROL SYSTEMS TO DRIVE MARKET GROWTH 70
8.3 CARD KEY 71
8.3.1 GROWING USE OF RADIO FREQUENCY IDENTIFICATION (RFID) MAGNETIC DOOR LOCKS IN COMMERCIAL OFFICE BUILDINGS TO DRIVE MARKET GROWTH 71
8.3.1.1 Low frequency 71
8.3.1.2 High frequency 71
8.3.1.3 Ultra-high frequency 71
8.4 TOUCH BASED 72
8.4.1 GROWING ADOPTION OF AUTOMATED FINGERPRINT IDENTIFICATION SYSTEMS (AFISS) TO FUEL DEMAND FOR FINGERPRINT RECOGNITION SOLUTIONS USED IN SMART LOCK MECHANISM 72
8.5 KEY FOBS 73
8.5.1 RISE IN REPLACEMENT OF OLD METAL KEY SYSTEMS WITH ELECTRONIC FOB SYSTEMS TO DRIVE MARKET GROWTH 73
8.6 SMARTPHONE BASED 73
8.6.1 GROWING ADOPTION OF SMART HOMES TO INCREASE DEMAND FOR SMARTPHONE-BASED DOOR LOCKING SYSTEMS 73
9 SMART LOCK MARKET, BY VERTICAL 74
9.1 INTRODUCTION 75
FIGURE 25 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 75
TABLE 19 SMART LOCK MARKET, BY VERTICAL, 2018–2021 (USD MILLION) 75
TABLE 20 SMART LOCK MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 76
9.2 COMMERCIAL 76
9.2.1 HOSPITALITY 76
9.2.1.1 Increasing adoption of smart locks in hotels, vacation rental properties, resorts, casinos, and cruise ships to boost market growth 76
9.2.2 RETAIL STORES AND MALLS 77
9.2.2.1 Retail stores and malls segment to witness healthy growth in smart lock market 77
9.2.3 HEALTHCARE 77
9.2.3.1 Growing use of smart locks in healthcare sector to ensure access only to authorized users to boost market growth 77
9.2.4 BANKS AND FINANCIAL CENTRES 77
9.2.4.1 Increasing trend of biometric and multifactor authentication in banking and financial institutions to drive market growth 77
9.2.5 ENTERPRISES AND DATA CENTRES 78
9.2.5.1 Rising demand for security smart cards and biometric access systems to prevent minor security risks in enterprises to drive market growth 78
TABLE 21 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2018–2021 (USD MILLION) 78
TABLE 22 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2022–2027 (USD MILLION) 78
TABLE 23 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 79
TABLE 24 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 79
TABLE 25 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 79
TABLE 26 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 27 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 80
TABLE 28 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 29 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 81
TABLE 30 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 81
TABLE 31 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2018–2021 (USD MILLION) 81
TABLE 32 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2022–2027 (USD MILLION) 82
TABLE 33 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 82
TABLE 34 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 82
9.3 RESIDENTIAL 83
9.3.1 CONDOMINIUM 83
9.3.1.1 Growing use of smart locks in condominiums or multi-family apartments to prevent invasion, unauthorized access, theft, and burglary to drive market growth 83
9.3.2 INDIVIDUAL HOUSES 83
9.3.2.1 Rising adoption of smart locks by individual house owners to ensure security and safety to drive market growth 83
FIGURE 26 CONDOMINIUM SEGMENT TO HOLD LARGER SHARE OF SMART LOCK MARKET FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 83
TABLE 35 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2018–2021 (USD MILLION) 84
TABLE 36 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2022–2027 (USD MILLION) 84
FIGURE 27 APAC TO REGISTER HIGHEST CAGR IN SMART LOCK FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 84
TABLE 37 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 85
TABLE 38 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 85
TABLE 39 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 85
TABLE 40 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 41 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 86
TABLE 42 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 43 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 87
TABLE 44 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 87
TABLE 45 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 87
TABLE 46 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 88
TABLE 47 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 88
TABLE 48 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 88
9.4 INSTITUTIONAL & GOVERNMENT 89
9.4.1 INCREASING DEMAND FOR SMART LOCKS IN GOVERNMENT VERTICAL TO RESTRICT UNAUTHORIZED ENTRIES TO DRIVE MARKET GROWTH 89
TABLE 49 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 89
TABLE 50 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 89
TABLE 51 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 52 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 90
TABLE 53 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 54 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 55 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 91
TABLE 56 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 57 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2018–2021 (USD MILLION) 92
TABLE 58 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2022–2027 (USD MILLION) 92
TABLE 59 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 92
TABLE 60 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 93
9.5 TRANSPORTATION & LOGISTICS 93
9.5.1 RISING ADOPTION OF BIOMETRICS-BASED ACCESS CONTROL USING SMART LOCKS BY AIRPORT OPERATORS TO DRIVE MARKET GROWTH 93
TABLE 61 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 93
TABLE 62 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 94
TABLE 63 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 94
TABLE 64 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 94
TABLE 65 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 66 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 95
TABLE 67 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 68 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 96
TABLE 69 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2018–2021 (USD MILLION) 96
TABLE 70 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2022–2027 (USD MILLION) 96
TABLE 71 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 97
TABLE 72 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 97
9.6 INDUSTRIAL 98
9.6.1 MANUFACTURING 98
9.6.1.1 Increased need for protecting people and properties across manufacturing sites to create growth opportunities for market players 98
9.6.2 OIL & GAS 98
9.6.2.1 Ability of smart locks to provide suitable and enhanced security to fuel their demand in oil & gas vertical 98
9.6.3 ENERGY & POWER 98
9.6.3.1 Rising demand for smart locks in energy and power vertical to prevent unauthorized access to drive market growth 98
TABLE 73 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2018–2021 (USD MILLION) 98
TABLE 74 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2022–2027 (USD MILLION) 99
TABLE 75 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 99
TABLE 76 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 99
TABLE 77 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 78 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 100
TABLE 79 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 80 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 81 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 101
TABLE 82 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 83 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 102
TABLE 84 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 102
TABLE 85 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 102
TABLE 86 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 103
10 SMART LOCK MARKET, BY REGION 104
10.1 INTRODUCTION 105
FIGURE 28 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 105
TABLE 87 SMART LOCK MARKET, BY REGION, 2018–2021 (USD MILLION) 105
TABLE 88 SMART LOCK MARKET, BY REGION, 2022–2027 (USD MILLION) 106
10.2 NORTH AMERICA 106
FIGURE 29 NORTH AMERICA MARKET SNAPSHOT 107
TABLE 89 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION) 107
TABLE 90 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION) 108
TABLE 91 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 108
TABLE 92 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 108
TABLE 93 SMART LOCK MARKET IN US, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 94 SMART LOCK MARKET IN US, BY VERTICAL, 2022–2027 (USD MILLION) 109
TABLE 95 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 96 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2022–2027 (USD MILLION) 110
TABLE 97 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2018–2021 (USD MILLION) 110
TABLE 98 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2022–2027 (USD MILLION) 110
10.2.1 US 111
10.2.1.1 US to hold largest share of North American smart lock market 111
10.2.2 CANADA 111
10.2.2.1 Growing awareness regarding internet-based safety and security to drive growth of smart lock market in Canada 111
10.2.3 MEXICO 111
10.2.3.1 Mexico to be lucrative market for smart locks 111
10.3 EUROPE 111
FIGURE 30 EUROPE MARKET SNAPSHOT 112
TABLE 99 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 112
TABLE 100 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 113
TABLE 101 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2018–2021 (USD MILLION) 113
TABLE 102 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2022–2027 (USD MILLION) 113
TABLE 103 SMART LOCK MARKET IN UK, BY VERTICAL, 2018–2021 (USD MILLION) 114
TABLE 104 SMART LOCK MARKET IN UK, BY VERTICAL, 2022–2027 (USD MILLION) 114
TABLE 105 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2018–2021 (USD MILLION) 114
TABLE 106 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2022–2027 (USD MILLION) 115
TABLE 107 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2018–2021 (USD MILLION) 115
TABLE 108 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2022–2027 (USD MILLION) 115
TABLE 109 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2018–2021 (USD MILLION) 116
TABLE 110 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2022–2027 (USD MILLION) 116
10.3.1 UK 116
10.3.1.1 Decline in cost of mobile broadband connection and increasing adoption of cloud infrastructure to boost demand for smart locks in UK 116
10.3.2 GERMANY 117
10.3.2.1 Growing adoption of internet-based security systems in various applications to drive market growth in Germany 117
10.3.3 FRANCE 117
10.3.3.1 Growing awareness regarding internet-based home security solutions and rising adoption of wireless portable consumer electronics to drive market growth in France 117
10.3.4 REST OF EUROPE 117
10.4 APAC 117
FIGURE 31 APAC MARKET SNAPSHOT 118
FIGURE 32 CHINA TO HOLD LARGEST SHARE OF APAC SMART LOCK MARKET DURING FORECAST PERIOD 119
TABLE 111 SMART LOCK MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 112 SMART LOCK MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 113 SMART LOCK MARKET IN APAC, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 114 SMART LOCK MARKET IN APAC, BY VERTICAL, 2022–2027 (USD MILLION) 120
TABLE 115 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 116 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 117 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2018–2021 (USD MILLION) 121
TABLE 118 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 119 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2018–2021 (USD MILLION) 122
TABLE 120 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2022–2027 (USD MILLION) 122
TABLE 121 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2018–2021 (USD MILLION) 122
TABLE 122 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2022–2027 (USD MILLION) 123
TABLE 123 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2018–2021 (USD MILLION) 123
TABLE 124 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2022–2027 (USD MILLION) 123
10.4.1 CHINA 124
10.4.1.1 Increasing industrialization to fuel demand for smart lock systems in China 124
10.4.2 JAPAN 124
10.4.2.1 Rapid industrialization and modernization to create lucrative opportunities for market players in Japan 124
10.4.3 SOUTH KOREA 124
10.4.3.1 Rising demand for remotely managed and connected security devices to drive market growth in South Korea 124
10.4.4 INDIA 125
10.4.4.1 Rise in terrorist activities, crime rate, and data and security breaches to fuel demand for security and safety systems 125
10.4.5 REST OF APAC 125
10.5 ROW 125
TABLE 125 SMART LOCK MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION) 125
TABLE 126 SMART LOCK MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION) 126
TABLE 127 SMART LOCK MARKET IN ROW, BY VERTICAL, 2018–2021 (USD MILLION) 126
TABLE 128 SMART LOCK MARKET IN ROW, BY VERTICAL, 2022–2027 (USD MILLION) 126
TABLE 129 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 130 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2022–2027 (USD MILLION) 127
TABLE 131 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 132 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 128
10.5.1 MIDDLE EAST & AFRICA 128
10.5.1.1 Rising urbanization and increased adoption of IoT-based solutions to boost market growth 128
10.5.2 SOUTH AMERICA 128
10.5.2.1 Growing industrialization to create lucrative opportunities for players in South American market 128
11 COMPETITIVE LANDSCAPE 129
11.1 OVERVIEW 129
11.2 MARKET EVALUATION FRAMEWORK 129
TABLE 133 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SMART LOCK PROVIDERS 129
11.2.1 PRODUCT PORTFOLIO 130
11.2.2 REGIONAL FOCUS 130
11.2.3 MANUFACTURING FOOTPRINT 130
11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 130
11.3 REVENUE ANALYSIS OF LEADING PLAYERS (2017–2021) 130
FIGURE 33 5-YEAR REVENUE ANALYSIS OF LEADING PLAYERS IN SMART LOCK MARKET 130
11.4 MARKET SHARE ANALYSIS: SMART LOCK MARKET, 2021 131
TABLE 134 DEGREE OF COMPETITION 131
11.5 COMPANY EVALUATION MATRIX 132
11.5.1 STAR 132
11.5.2 EMERGING LEADER 132
11.5.3 PERVASIVE 132
11.5.4 PARTICIPANT 132
FIGURE 34 COMPANY EVALUATION MATRIX, 2021 133
11.6 COMPETITIVE SITUATIONS AND TRENDS 134
11.6.1 PRODUCT LAUNCHES 134
TABLE 135 PRODUCT LAUNCHES, JANUARY 2020–NOVEMBER 2021 134
11.6.2 DEALS 135
TABLE 136 DEALS, JANUARY 2020–FEBRUARY 2022 135
12 COMPANY PROFILES 139
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION 139
12.2 KEY PLAYERS 139
12.2.1 ASSA ABLOY 139
TABLE 137 ASSA ABLOY: BUSINESS OVERVIEW 139
FIGURE 35 ASSA ABLOY: COMPANY SNAPSHOT 140
TABLE 138 ASSA ABLOY: PRODUCT/SOLUTION/SERVICE OFFERINGS 141
TABLE 139 ASSA ABLOY: DEALS 141
12.2.2 DORMAKABA 144
TABLE 140 DORMAKBA: BUSINESS OVERVIEW 144
FIGURE 36 DORMAKABA: COMPANY SNAPSHOT 145
TABLE 141 DORMAKABA: PRODUCT/SOLUTION/SERVICE OFFERINGS 145
TABLE 142 DORMAKABA: DEALS 146
TABLE 143 DORMAKABA: OTHERS 147
12.2.3 SPECTRUM BRANDS 148
TABLE 144 SPECTRUM BRANDS: BUSINESS OVERVIEW 148
FIGURE 37 SPECTRUM BRANDS: COMPANY SNAPSHOT 149
TABLE 145 SPECTRUM BRANDS: PRODUCT/SOLUTION/SERVICE OFFERINGS 149
TABLE 146 SPECTRUM BRANDS: PRODUCT LAUNCHES 150
12.2.4 SALTO SYSTEMS 152
TABLE 147 SALTO SYSTEMS: BUSINESS OVERVIEW 152
TABLE 148 SALTO SYSTEMS: PRODUCT/SOLUTION/SERVICE OFFERINGS 152
TABLE 149 SALTO SYSTEMS: PRODUCT LAUNCHES 153
TABLE 150 SALTO SYSTEMS: DEALS 153
TABLE 151 SALTO SYSTEMS: OTHERS 154
12.2.5 ALLEGION 155
TABLE 152 ALLEGION: BUSINESS OVERVIEW 155
FIGURE 38 ALLEGION: COMPANY SNAPSHOT 155
TABLE 153 ALLEGION: PRODUCT/SOLUTION/SERVICE OFFERINGS 156
TABLE 154 ALLEGION: PRODUCT LAUNCHES 156
TABLE 155 ALLEGION: DEALS 157
12.2.6 HONEYWELL 159
TABLE 156 HONEYWELL: BUSINESS OVERVIEW 159
FIGURE 39 HONEYWELL: COMPANY SNAPSHOT 160
TABLE 157 HONEYWELL: PRODUCT/SOLUTION/SERVICE OFFERINGS 160
12.2.7 DAHUA TECHNOLOGY 161
TABLE 158 DAHUA TECHNOLOGY: BUSINESS OVERVIEW 161
FIGURE 40 DAHUA TECHNOLOGY: COMPANY SNAPSHOT 162
TABLE 159 DAHUA TECHNOLOGY: PRODUCT/SOLUTION/SERVICE OFFERINGS 163
TABLE 160 DAHUA TECHNOLOGY: PRODUCT LAUNCHES 163
12.2.8 SAMSUNG 164
TABLE 161 SAMSUNG: BUSINESS OVERVIEW 164
FIGURE 41 SAMSUNG: COMPANY SNAPSHOT 165
TABLE 162 SAMSUNG: PRODUCT/SOLUTION/SERVICE OFFERINGS 165
TABLE 163 SAMSUNG: OTHERS 166
12.2.9 VIVINT 167
TABLE 164 VIVINT: BUSINESS OVERVIEW 167
FIGURE 42 VIVINT: COMPANY SNAPSHOT 167
TABLE 165 VIVINT: PRODUCT/SOLUTION/SERVICE OFFERINGS 168
TABLE 166 VIVINT: DEALS 168
12.2.10 ZKTECO 169
TABLE 167 ZKTECO: BUSINESS OVERVIEW 169
TABLE 168 ZKTECO: PRODUCT/SOLUTION/SERVICE OFFERINGS 169
TABLE 169 ZKTECO: DEALS 170
12.3 OTHER KEY PLAYERS 171
12.3.1 IGLOOCOMPANY 171
12.3.2 REMOTELOCK 172
12.3.3 ONITY 172
12.3.4 MASTER LOCK 173
12.3.5 MIWA LOCK 174
12.3.6 SENTRILOCK 175
12.3.7 AVENT SECURITY 175
12.3.8 HAVENLOCK 177
12.3.9 SHENZHEN VIANS ELECTRONIC LOCK 178
12.3.10 ANVIZ GLOBAL 178
12.3.11 CANDY HOUSE 179
12.3.12 AMADAS 179
12.3.13 KEYWE 180
12.3.14 GATE LABS 180
12.3.15 DESSMANN SCHLIESSANLAGEN 181
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX 182
13.1 DISCUSSION GUIDE 182
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 185
13.3 AVAILABLE CUSTOMIZATIONS 187
13.4 RELATED REPORTS 187
13.5 AUTHOR DETAILS 188
1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION AND SCOPE 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED 26
1.3.2 GEOGRAPHIC SCOPE 27
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY 27
1.5 MARKET STAKEHOLDERS 28
1.6 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 1 SMART LOCK MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of major secondary sources 30
2.1.1.2 Secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Primary Expert Interviews 31
2.1.2.2 Key data from primary sources 32
2.1.2.3 Key industry insights 32
2.1.2.4 Breakdown of primaries 33
2.1.3 SECONDARY AND PRIMARY RESEARCH 34
2.2 MARKET SIZE ESTIMATION 35
FIGURE 2 PROCESS FLOW 35
2.2.1 BOTTOM-UP APPROACH 35
2.2.1.1 Approach for calculating market share through bottom-up analysis (demand side) 35
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Approach for calculating market share through top-down analysis (supply side) 37
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 37
2.3 MARKET RANKING ESTIMATION 37
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 38
2.5 RESEARCH ASSUMPTIONS 39
3 EXECUTIVE SUMMARY 40
FIGURE 6 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 41
FIGURE 7 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 41
FIGURE 8 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 42
FIGURE 9 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 42
FIGURE 10 SMART LOCK MARKET IN APAC TO REGISTER HIGHEST CAGR BETWEEN
2022 AND 2027 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES IN SMART LOCK MARKET 44
FIGURE 11 RISING DEMAND FOR INTERNET-BASED SECURITY SOLUTIONS TO DRIVE GROWTH OF SMART LOCK MARKET 44
4.2 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 44
FIGURE 12 US AND RESIDENTIAL VERTICAL TO DOMINATE NORTH AMERICAN SMART LOCK MARKET DURING FORECAST PERIOD 44
4.3 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE 45
FIGURE 13 SMART LOCK MARKET FOR DEADBOLT LOCKS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 45
4.4 SMART LOCK MARKET, BY COUNTRY 45
FIGURE 14 CHINA TO ACCOUNT FOR HIGHEST GROWTH RATE IN GLOBAL SMART LOCK MARKET IN 2022 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 15 SMART LOCK MARKET DYNAMICS 46
FIGURE 16 DRIVERS AND THEIR IMPACT ON SMART LOCK MARKET 47
FIGURE 17 OPPORTUNITIES AND THEIR IMPACT ON SMART LOCK MARKET 48
FIGURE 18 RESTRAINTS & CHALLENGES AND THEIR IMPACT ON SMART LOCK MARKET 49
5.2.1 DRIVERS 49
5.2.1.1 Growing security concerns 49
5.2.1.2 Enhanced features compared with traditional lock systems 50
5.2.1.3 Rising adoption of smartphones and other connected devices 50
5.2.2 RESTRAINTS 50
5.2.2.1 High cost and perception of unreliability 50
5.2.2.2 Lack of awareness among customers 51
5.2.3 OPPORTUNITIES 51
5.2.3.1 Increasing adoption of IoT-based security systems 51
5.2.3.2 Rapid urbanization in emerging nations 51
5.2.3.3 Global proliferation of smart cities 52
5.2.4 CHALLENGES 52
5.2.4.1 Risk of cyberattacks through smart devices and IoT-enabled devices 52
5.3 VALUE CHAIN ANALYSIS 52
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY RAW MATERIAL SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS 53
5.4 SMART LOCK MARKET ECOSYSTEM 54
FIGURE 20 SMART LOCK MARKET ECOSYSTEM 54
6 SMART LOCK MARKET, BY LOCK TYPE 55
6.1 INTRODUCTION 56
FIGURE 21 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 56
TABLE 1 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (USD MILLION) 56
TABLE 2 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (USD MILLION) 57
TABLE 3 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (MILLION UNITS) 57
TABLE 4 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (MILLION UNITS) 58
6.2 DEADBOLT LOCKS 58
6.2.1 INCREASING DEPLOYMENT OF DEADBOLT LOCKS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 58
FIGURE 22 RESIDENTIAL VERTICAL TO HOLD LARGEST SHARE OF SMART LOCK MARKET FOR DEADBOLTS DURING FORECAST PERIOD 59
TABLE 5 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 59
TABLE 6 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 59
6.3 LEVER HANDLES 60
6.3.1 CONVENIENT STRUCTURE AND THEIR COMPLIANCE WITH US DISABILITIES ACT 1990 TO FUEL DEMAND FOR LEVER HANDLES 60
TABLE 7 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2018–2021 (USD MILLION) 60
TABLE 8 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2022–2027 (USD MILLION) 60
6.4 SERVER LOCKS AND LATCHES 61
6.4.1 RISING CONCERNS REGARDING CYBERATTACKS TO FUEL DEMAND FOR SERVER LOCKS AND LATCHES 61
TABLE 9 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2018–2021 (USD MILLION) 61
TABLE 10 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2022–2027 (USD MILLION) 61
6.5 KNOB LOCKS 62
6.5.1 GROWING USE OF KNOB LOCKS WITH DEADBOLTS ON EXTERIOR DOORS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 62
TABLE 11 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 62
TABLE 12 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 62
6.6 OTHERS 63
TABLE 13 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2018–2021 (USD MILLION) 63
TABLE 14 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2022–2027 (USD MILLION) 63
7 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL 64
7.1 INTRODUCTION 65
FIGURE 23 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 65
TABLE 15 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2018–2021 (USD MILLION) 65
TABLE 16 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2022–2027 (USD MILLION) 66
7.2 WI-FI 66
7.2.1 CONNECTIVITY BENEFITS OFFERED BY WI-FI TO DRIVE MARKET GROWTH 66
7.3 BLUETOOTH 67
7.3.1 WIDE RANGE, LOW POWER CONSUMPTION, AND HIGH RELIABILITY AND BANDWIDTH FEATURES TO FUEL MARKET GROWTH 67
7.4 Z-WAVE 67
7.4.1 GROWING POPULARITY OF RELIABILITY AND HIGH-SPEED FEATURES OF Z-WAVE TO DRIVE MARKET GROWTH 67
7.5 OTHERS 67
7.5.1 ZIGBEE 67
7.5.2 THREAD 67
7.5.3 NFC 67
8 SMART LOCK MARKET, BY UNLOCKING MECHANISM 68
8.1 INTRODUCTION 69
FIGURE 24 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 69
TABLE 17 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2018–2021 (USD MILLION) 69
TABLE 18 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2022–2027 (USD MILLION) 70
8.2 KEYPAD 70
8.2.1 INTEGRATION OF KEYPADS WITH ACCESS CONTROL SYSTEMS TO DRIVE MARKET GROWTH 70
8.3 CARD KEY 71
8.3.1 GROWING USE OF RADIO FREQUENCY IDENTIFICATION (RFID) MAGNETIC DOOR LOCKS IN COMMERCIAL OFFICE BUILDINGS TO DRIVE MARKET GROWTH 71
8.3.1.1 Low frequency 71
8.3.1.2 High frequency 71
8.3.1.3 Ultra-high frequency 71
8.4 TOUCH BASED 72
8.4.1 GROWING ADOPTION OF AUTOMATED FINGERPRINT IDENTIFICATION SYSTEMS (AFISS) TO FUEL DEMAND FOR FINGERPRINT RECOGNITION SOLUTIONS USED IN SMART LOCK MECHANISM 72
8.5 KEY FOBS 73
8.5.1 RISE IN REPLACEMENT OF OLD METAL KEY SYSTEMS WITH ELECTRONIC FOB SYSTEMS TO DRIVE MARKET GROWTH 73
8.6 SMARTPHONE BASED 73
8.6.1 GROWING ADOPTION OF SMART HOMES TO INCREASE DEMAND FOR SMARTPHONE-BASED DOOR LOCKING SYSTEMS 73
9 SMART LOCK MARKET, BY VERTICAL 74
9.1 INTRODUCTION 75
FIGURE 25 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 75
TABLE 19 SMART LOCK MARKET, BY VERTICAL, 2018–2021 (USD MILLION) 75
TABLE 20 SMART LOCK MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 76
9.2 COMMERCIAL 76
9.2.1 HOSPITALITY 76
9.2.1.1 Increasing adoption of smart locks in hotels, vacation rental properties, resorts, casinos, and cruise ships to boost market growth 76
9.2.2 RETAIL STORES AND MALLS 77
9.2.2.1 Retail stores and malls segment to witness healthy growth in smart lock market 77
9.2.3 HEALTHCARE 77
9.2.3.1 Growing use of smart locks in healthcare sector to ensure access only to authorized users to boost market growth 77
9.2.4 BANKS AND FINANCIAL CENTRES 77
9.2.4.1 Increasing trend of biometric and multifactor authentication in banking and financial institutions to drive market growth 77
9.2.5 ENTERPRISES AND DATA CENTRES 78
9.2.5.1 Rising demand for security smart cards and biometric access systems to prevent minor security risks in enterprises to drive market growth 78
TABLE 21 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2018–2021 (USD MILLION) 78
TABLE 22 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2022–2027 (USD MILLION) 78
TABLE 23 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 79
TABLE 24 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 79
TABLE 25 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 79
TABLE 26 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 27 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 80
TABLE 28 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 29 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 81
TABLE 30 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 81
TABLE 31 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2018–2021 (USD MILLION) 81
TABLE 32 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2022–2027 (USD MILLION) 82
TABLE 33 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 82
TABLE 34 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 82
9.3 RESIDENTIAL 83
9.3.1 CONDOMINIUM 83
9.3.1.1 Growing use of smart locks in condominiums or multi-family apartments to prevent invasion, unauthorized access, theft, and burglary to drive market growth 83
9.3.2 INDIVIDUAL HOUSES 83
9.3.2.1 Rising adoption of smart locks by individual house owners to ensure security and safety to drive market growth 83
FIGURE 26 CONDOMINIUM SEGMENT TO HOLD LARGER SHARE OF SMART LOCK MARKET FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 83
TABLE 35 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2018–2021 (USD MILLION) 84
TABLE 36 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2022–2027 (USD MILLION) 84
FIGURE 27 APAC TO REGISTER HIGHEST CAGR IN SMART LOCK FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 84
TABLE 37 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 85
TABLE 38 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 85
TABLE 39 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 85
TABLE 40 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 41 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 86
TABLE 42 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 43 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 87
TABLE 44 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 87
TABLE 45 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 87
TABLE 46 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 88
TABLE 47 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 88
TABLE 48 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 88
9.4 INSTITUTIONAL & GOVERNMENT 89
9.4.1 INCREASING DEMAND FOR SMART LOCKS IN GOVERNMENT VERTICAL TO RESTRICT UNAUTHORIZED ENTRIES TO DRIVE MARKET GROWTH 89
TABLE 49 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 89
TABLE 50 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 89
TABLE 51 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 52 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 90
TABLE 53 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 54 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 55 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 91
TABLE 56 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 57 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2018–2021 (USD MILLION) 92
TABLE 58 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2022–2027 (USD MILLION) 92
TABLE 59 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 92
TABLE 60 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 93
9.5 TRANSPORTATION & LOGISTICS 93
9.5.1 RISING ADOPTION OF BIOMETRICS-BASED ACCESS CONTROL USING SMART LOCKS BY AIRPORT OPERATORS TO DRIVE MARKET GROWTH 93
TABLE 61 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 93
TABLE 62 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 94
TABLE 63 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 94
TABLE 64 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 94
TABLE 65 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 66 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 95
TABLE 67 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 68 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 96
TABLE 69 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2018–2021 (USD MILLION) 96
TABLE 70 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2022–2027 (USD MILLION) 96
TABLE 71 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 97
TABLE 72 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 97
9.6 INDUSTRIAL 98
9.6.1 MANUFACTURING 98
9.6.1.1 Increased need for protecting people and properties across manufacturing sites to create growth opportunities for market players 98
9.6.2 OIL & GAS 98
9.6.2.1 Ability of smart locks to provide suitable and enhanced security to fuel their demand in oil & gas vertical 98
9.6.3 ENERGY & POWER 98
9.6.3.1 Rising demand for smart locks in energy and power vertical to prevent unauthorized access to drive market growth 98
TABLE 73 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2018–2021 (USD MILLION) 98
TABLE 74 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2022–2027 (USD MILLION) 99
TABLE 75 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 99
TABLE 76 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 99
TABLE 77 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 78 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 100
TABLE 79 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 80 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 81 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 101
TABLE 82 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 83 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 102
TABLE 84 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 102
TABLE 85 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 102
TABLE 86 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 103
10 SMART LOCK MARKET, BY REGION 104
10.1 INTRODUCTION 105
FIGURE 28 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 105
TABLE 87 SMART LOCK MARKET, BY REGION, 2018–2021 (USD MILLION) 105
TABLE 88 SMART LOCK MARKET, BY REGION, 2022–2027 (USD MILLION) 106
10.2 NORTH AMERICA 106
FIGURE 29 NORTH AMERICA MARKET SNAPSHOT 107
TABLE 89 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION) 107
TABLE 90 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION) 108
TABLE 91 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 108
TABLE 92 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 108
TABLE 93 SMART LOCK MARKET IN US, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 94 SMART LOCK MARKET IN US, BY VERTICAL, 2022–2027 (USD MILLION) 109
TABLE 95 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 96 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2022–2027 (USD MILLION) 110
TABLE 97 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2018–2021 (USD MILLION) 110
TABLE 98 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2022–2027 (USD MILLION) 110
10.2.1 US 111
10.2.1.1 US to hold largest share of North American smart lock market 111
10.2.2 CANADA 111
10.2.2.1 Growing awareness regarding internet-based safety and security to drive growth of smart lock market in Canada 111
10.2.3 MEXICO 111
10.2.3.1 Mexico to be lucrative market for smart locks 111
10.3 EUROPE 111
FIGURE 30 EUROPE MARKET SNAPSHOT 112
TABLE 99 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 112
TABLE 100 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 113
TABLE 101 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2018–2021 (USD MILLION) 113
TABLE 102 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2022–2027 (USD MILLION) 113
TABLE 103 SMART LOCK MARKET IN UK, BY VERTICAL, 2018–2021 (USD MILLION) 114
TABLE 104 SMART LOCK MARKET IN UK, BY VERTICAL, 2022–2027 (USD MILLION) 114
TABLE 105 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2018–2021 (USD MILLION) 114
TABLE 106 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2022–2027 (USD MILLION) 115
TABLE 107 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2018–2021 (USD MILLION) 115
TABLE 108 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2022–2027 (USD MILLION) 115
TABLE 109 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2018–2021 (USD MILLION) 116
TABLE 110 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2022–2027 (USD MILLION) 116
10.3.1 UK 116
10.3.1.1 Decline in cost of mobile broadband connection and increasing adoption of cloud infrastructure to boost demand for smart locks in UK 116
10.3.2 GERMANY 117
10.3.2.1 Growing adoption of internet-based security systems in various applications to drive market growth in Germany 117
10.3.3 FRANCE 117
10.3.3.1 Growing awareness regarding internet-based home security solutions and rising adoption of wireless portable consumer electronics to drive market growth in France 117
10.3.4 REST OF EUROPE 117
10.4 APAC 117
FIGURE 31 APAC MARKET SNAPSHOT 118
FIGURE 32 CHINA TO HOLD LARGEST SHARE OF APAC SMART LOCK MARKET DURING FORECAST PERIOD 119
TABLE 111 SMART LOCK MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 112 SMART LOCK MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 113 SMART LOCK MARKET IN APAC, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 114 SMART LOCK MARKET IN APAC, BY VERTICAL, 2022–2027 (USD MILLION) 120
TABLE 115 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 116 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 117 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2018–2021 (USD MILLION) 121
TABLE 118 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 119 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2018–2021 (USD MILLION) 122
TABLE 120 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2022–2027 (USD MILLION) 122
TABLE 121 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2018–2021 (USD MILLION) 122
TABLE 122 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2022–2027 (USD MILLION) 123
TABLE 123 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2018–2021 (USD MILLION) 123
TABLE 124 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2022–2027 (USD MILLION) 123
10.4.1 CHINA 124
10.4.1.1 Increasing industrialization to fuel demand for smart lock systems in China 124
10.4.2 JAPAN 124
10.4.2.1 Rapid industrialization and modernization to create lucrative opportunities for market players in Japan 124
10.4.3 SOUTH KOREA 124
10.4.3.1 Rising demand for remotely managed and connected security devices to drive market growth in South Korea 124
10.4.4 INDIA 125
10.4.4.1 Rise in terrorist activities, crime rate, and data and security breaches to fuel demand for security and safety systems 125
10.4.5 REST OF APAC 125
10.5 ROW 125
TABLE 125 SMART LOCK MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION) 125
TABLE 126 SMART LOCK MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION) 126
TABLE 127 SMART LOCK MARKET IN ROW, BY VERTICAL, 2018–2021 (USD MILLION) 126
TABLE 128 SMART LOCK MARKET IN ROW, BY VERTICAL, 2022–2027 (USD MILLION) 126
TABLE 129 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 130 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2022–2027 (USD MILLION) 127
TABLE 131 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 132 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 128
10.5.1 MIDDLE EAST & AFRICA 128
10.5.1.1 Rising urbanization and increased adoption of IoT-based solutions to boost market growth 128
10.5.2 SOUTH AMERICA 128
10.5.2.1 Growing industrialization to create lucrative opportunities for players in South American market 128
11 COMPETITIVE LANDSCAPE 129
11.1 OVERVIEW 129
11.2 MARKET EVALUATION FRAMEWORK 129
TABLE 133 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SMART LOCK PROVIDERS 129
11.2.1 PRODUCT PORTFOLIO 130
11.2.2 REGIONAL FOCUS 130
11.2.3 MANUFACTURING FOOTPRINT 130
11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 130
11.3 REVENUE ANALYSIS OF LEADING PLAYERS (2017–2021) 130
FIGURE 33 5-YEAR REVENUE ANALYSIS OF LEADING PLAYERS IN SMART LOCK MARKET 130
11.4 MARKET SHARE ANALYSIS: SMART LOCK MARKET, 2021 131
TABLE 134 DEGREE OF COMPETITION 131
11.5 COMPANY EVALUATION MATRIX 132
11.5.1 STAR 132
11.5.2 EMERGING LEADER 132
11.5.3 PERVASIVE 132
11.5.4 PARTICIPANT 132
FIGURE 34 COMPANY EVALUATION MATRIX, 2021 133
11.6 COMPETITIVE SITUATIONS AND TRENDS 134
11.6.1 PRODUCT LAUNCHES 134
TABLE 135 PRODUCT LAUNCHES, JANUARY 2020–NOVEMBER 2021 134
11.6.2 DEALS 135
TABLE 136 DEALS, JANUARY 2020–FEBRUARY 2022 135
12 COMPANY PROFILES 139
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION 139
12.2 KEY PLAYERS 139
12.2.1 ASSA ABLOY 139
TABLE 137 ASSA ABLOY: BUSINESS OVERVIEW 139
FIGURE 35 ASSA ABLOY: COMPANY SNAPSHOT 140
TABLE 138 ASSA ABLOY: PRODUCT/SOLUTION/SERVICE OFFERINGS 141
TABLE 139 ASSA ABLOY: DEALS 141
12.2.2 DORMAKABA 144
TABLE 140 DORMAKBA: BUSINESS OVERVIEW 144
FIGURE 36 DORMAKABA: COMPANY SNAPSHOT 145
TABLE 141 DORMAKABA: PRODUCT/SOLUTION/SERVICE OFFERINGS 145
TABLE 142 DORMAKABA: DEALS 146
TABLE 143 DORMAKABA: OTHERS 147
12.2.3 SPECTRUM BRANDS 148
TABLE 144 SPECTRUM BRANDS: BUSINESS OVERVIEW 148
FIGURE 37 SPECTRUM BRANDS: COMPANY SNAPSHOT 149
TABLE 145 SPECTRUM BRANDS: PRODUCT/SOLUTION/SERVICE OFFERINGS 149
TABLE 146 SPECTRUM BRANDS: PRODUCT LAUNCHES 150
12.2.4 SALTO SYSTEMS 152
TABLE 147 SALTO SYSTEMS: BUSINESS OVERVIEW 152
TABLE 148 SALTO SYSTEMS: PRODUCT/SOLUTION/SERVICE OFFERINGS 152
TABLE 149 SALTO SYSTEMS: PRODUCT LAUNCHES 153
TABLE 150 SALTO SYSTEMS: DEALS 153
TABLE 151 SALTO SYSTEMS: OTHERS 154
12.2.5 ALLEGION 155
TABLE 152 ALLEGION: BUSINESS OVERVIEW 155
FIGURE 38 ALLEGION: COMPANY SNAPSHOT 155
TABLE 153 ALLEGION: PRODUCT/SOLUTION/SERVICE OFFERINGS 156
TABLE 154 ALLEGION: PRODUCT LAUNCHES 156
TABLE 155 ALLEGION: DEALS 157
12.2.6 HONEYWELL 159
TABLE 156 HONEYWELL: BUSINESS OVERVIEW 159
FIGURE 39 HONEYWELL: COMPANY SNAPSHOT 160
TABLE 157 HONEYWELL: PRODUCT/SOLUTION/SERVICE OFFERINGS 160
12.2.7 DAHUA TECHNOLOGY 161
TABLE 158 DAHUA TECHNOLOGY: BUSINESS OVERVIEW 161
FIGURE 40 DAHUA TECHNOLOGY: COMPANY SNAPSHOT 162
TABLE 159 DAHUA TECHNOLOGY: PRODUCT/SOLUTION/SERVICE OFFERINGS 163
TABLE 160 DAHUA TECHNOLOGY: PRODUCT LAUNCHES 163
12.2.8 SAMSUNG 164
TABLE 161 SAMSUNG: BUSINESS OVERVIEW 164
FIGURE 41 SAMSUNG: COMPANY SNAPSHOT 165
TABLE 162 SAMSUNG: PRODUCT/SOLUTION/SERVICE OFFERINGS 165
TABLE 163 SAMSUNG: OTHERS 166
12.2.9 VIVINT 167
TABLE 164 VIVINT: BUSINESS OVERVIEW 167
FIGURE 42 VIVINT: COMPANY SNAPSHOT 167
TABLE 165 VIVINT: PRODUCT/SOLUTION/SERVICE OFFERINGS 168
TABLE 166 VIVINT: DEALS 168
12.2.10 ZKTECO 169
TABLE 167 ZKTECO: BUSINESS OVERVIEW 169
TABLE 168 ZKTECO: PRODUCT/SOLUTION/SERVICE OFFERINGS 169
TABLE 169 ZKTECO: DEALS 170
12.3 OTHER KEY PLAYERS 171
12.3.1 IGLOOCOMPANY 171
12.3.2 REMOTELOCK 172
12.3.3 ONITY 172
12.3.4 MASTER LOCK 173
12.3.5 MIWA LOCK 174
12.3.6 SENTRILOCK 175
12.3.7 AVENT SECURITY 175
12.3.8 HAVENLOCK 177
12.3.9 SHENZHEN VIANS ELECTRONIC LOCK 178
12.3.10 ANVIZ GLOBAL 178
12.3.11 CANDY HOUSE 179
12.3.12 AMADAS 179
12.3.13 KEYWE 180
12.3.14 GATE LABS 180
12.3.15 DESSMANN SCHLIESSANLAGEN 181
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX 182
13.1 DISCUSSION GUIDE 182
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 185
13.3 AVAILABLE CUSTOMIZATIONS 187
13.4 RELATED REPORTS 187
13.5 AUTHOR DETAILS 188
MarketsandMarkets