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Optical Transceiver Market with COVID-19 Impact Analysis, by Form Factor (SFF and SFP; SFP+ and SFP28; XFP; CXP), Data Rate, Wavelength, Fiber Type, C...

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Publication Date:  August, 2021

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1 INTRODUCTION 43
1.1 STUDY OBJECTIVES 43
1.2 MARKET DEFINITION AND SCOPE 43
1.2.1 INCLUSIONS AND EXCLUSIONS 44
1.3 STUDY SCOPE 44
FIGURE 1 OPTICAL TRANSCEIVER MARKET SEGMENTATION 45
1.3.1 YEARS CONSIDERED 46
1.4 CURRENCY, PRICING, AND VOLUME 46
1.5 STAKEHOLDERS 47
1.6 SUMMARY OF CHANGES 47
2 RESEARCH METHODOLOGY 49
2.1 RESEARCH DATA 49
FIGURE 2 OPTICAL TRANSCEIVER MARKET: RESEARCH DESIGN 49
2.1.1 SECONDARY DATA 50
2.1.1.1 Major secondary sources 50
2.1.1.2 Key data from secondary sources 51
2.1.2 PRIMARY DATA 51
2.1.2.1 Key data from primary sources 52
2.1.2.2 Breakdown of primaries 53
2.1.3 SECONDARY AND PRIMARY RESEARCH 54
2.1.3.1 Key industry insights 55
2.2 MARKET SIZE ESTIMATION 55
2.2.1 BOTTOM-UP APPROACH 56
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – BOTTOM-UP (DEMAND SIDE): DEMAND FOR OPTICAL TRANSCEIVERS IN THE US 56
FIGURE 4 OPTICAL TRANSCEIVER MARKET: BOTTOM-UP APPROACH 56
2.2.2 TOP-DOWN APPROACH 57
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): REVENUE GENERATED FROM PRODUCTS IN THE OPTICAL TRANSCEIVER MARKET 57
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN THE OPTICAL TRANSCEIVER MARKET 58
FIGURE 7 OPTICAL TRANSCEIVER MARKET: TOP-DOWN APPROACH 58
2.2.3 MARKET PROJECTIONS 58
TABLE 1 MARKET GROWTH ASSUMPTIONS 59
2.3 DATA TRIANGULATION 60
FIGURE 8 DATA TRIANGULATION 60
2.4 RESEARCH ASSUMPTIONS 61
2.4.1 ASSUMPTIONS 61
2.5 LIMITATIONS 61
2.6 RISK ASSESSMENT 62
3 EXECUTIVE SUMMARY 63
FIGURE 9 GLOBAL PROPAGATION OF COVID-19 64
TABLE 2 RECOVERY SCENARIOS FOR THE GLOBAL ECONOMY 65
3.1 REALISTIC SCENARIO 66
3.2 OPTIMISTIC SCENARIO 66
3.3 PESSIMISTIC SCENARIO 66
FIGURE 10 GROWTH PROJECTIONS OF THE OPTICAL TRANSCEIVER MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 66
FIGURE 11 OPTICAL TRANSCEIVERS WITH FORM FACTORS OF QSFP, QSFP+, QSFP-DD, AND QSFP28 EXPECTED TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD 67
FIGURE 12 MULTIMODE OPTICAL TRANSCEIVERS TO EXHIBIT A HIGHER CAGR DURING THE FORECAST PERIOD 68
FIGURE 13 OPTICAL TRANSCEIVERS WITH LC CONNECTORS EXPECTED TO HOLD A LARGER SHARE DURING THE FORECAST PERIOD 69
FIGURE 14 OPTICAL TRANSCEIVER MARKET FOR DATA CENTER APPLICATION TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 69
FIGURE 15 NORTH AMERICA HELD THE LARGEST SHARE OF THE OPTICAL TRANSCEIVER MARKET IN 2020 71
4 PREMIUM INSIGHTS 72
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE OPTICAL TRANSCEIVER MARKET 72
FIGURE 16 INCREASING ADOPTION OF SMART DEVICES AND RISING DATA TRAFFIC ARE EXPECTED TO FUEL MARKET GROWTH 72
4.2 OPTICAL TRANSCEIVER MARKET, BY FORM FACTOR 72
FIGURE 17 QSFP FORM FACTOR TO HOLD THE LARGEST SHARE IN 2021 72
4.3 OPTICAL TRANSCEIVER MARKET, BY APPLICATION 73
FIGURE 18 DATA CENTER PROJECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE OPTICAL TRANSCEIVER MARKET IN 2021 73
4.4 NORTH AMERICAN OPTICAL TRANSCEIVER MARKET, BY APPLICATION AND COUNTRY 73
FIGURE 19 DATA CENTER APPLICATION TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICAN OPTICAL TRANSCEIVER MARKET IN 2021 73
4.5 OPTICAL TRANSCEIVER MARKET, BY COUNTRY 74
FIGURE 20 US HELD THE LARGEST SHARE OF THE GLOBAL OPTICAL TRANSCEIVER MARKET IN 2020 74
5 MARKET OVERVIEW 75
5.1 INTRODUCTION 75
5.2 MARKET DYNAMICS 75
FIGURE 21 INCREASING ADOPTION OF SMART DEVICES AND RISING DATA TRAFFIC TO DRIVE THE OPTICAL TRANSCEIVER MARKET 75
5.2.1 DRIVERS 76
FIGURE 22 IMPACT OF DRIVERS ON THE OPTICAL TRANSCEIVER MARKET 76
5.2.1.1 Increase in adoption of smart devices and rise in data traffic 76
TABLE 3 BREAKDOWN FOR THE SHARE OF DATA TRAFFIC BY SMART DEVICES (2020–2021) 77
FIGURE 23 GLOBAL INTERNET USERS AND INTERNET PENETRATION RATE DURING 2012–2021 77
5.2.1.2 Growth in demand for cloud-based services 78
5.2.1.3 Rise in demand for compact and energy-efficient transceivers 78
5.2.1.4 Growth in the importance of mega data centers 79
FIGURE 24 100G AND 400G OPTICAL TRANSCEIVER PATENTS BETWEEN 2010 AND 2020 80
5.2.2 RESTRAINTS 80
FIGURE 25 IMPACT OF RESTRAINTS ON THE OPTICAL TRANSCEIVER MARKET 80
5.2.2.1 Increase in network complexity 80
5.2.3 OPPORTUNITIES 81
FIGURE 26 IMPACT OF OPPORTUNITIES ON THE OPTICAL TRANSCEIVER MARKET 81
5.2.3.1 Emerging focus on 5G network 81
5.2.3.2 Introduction of 800G optical transceivers for extended wavelengths over longer distances without regeneration 82
FIGURE 27 800G OPTICAL TRANSCEIVER PATENTS BETWEEN 2010 AND 2020 83
5.2.3.3 Expansion of telecom infrastructure in developing economies 83
5.2.4 CHALLENGES 84
FIGURE 28 IMPACT OF CHALLENGES ON THE OPTICAL TRANSCEIVER MARKET 84
5.2.4.1 Everchanging customer demands for portable devices and better speeds 84
5.2.4.2 Device compatibility and sustainability issues 85
5.3 SUPPLY CHAIN ANALYSIS 85
FIGURE 29 SUPPLY CHAIN ANALYSIS OF THE OPTICAL TRANSCEIVER ECOSYSTEM: R&D AND MANUFACTURING PHASE CONTRIBUTE THE MOST VALUE 85
5.3.1 PLANNING AND REVISING FUND 86
5.3.2 RESEARCH & DEVELOPMENT 86
5.3.3 MANUFACTURING 86
5.3.4 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES 87
5.4 ECOSYSTEM 88
FIGURE 30 OPTICAL TRANSCEIVER ECOSYSTEM 88
TABLE 4 LIST OF COMPANIES AND THEIR ROLE IN THE OPTICAL TRANSCEIVER ECOSYSTEM 89
5.5 TRENDS IMPACTING CUSTOMERS BUSINESS 90
FIGURE 31 REVENUE SHIFT IN THE OPTICAL TRANSCEIVER MARKET 91
5.6 CASE STUDIES 91
5.6.1 TELIA CARRIER IS PLANNING TO USE ACACIA COMMUNICATIONS’ COHERENT PLUGGABLE TRANSCEIVER FOR ROUTER INTERCONNECTION 91
5.6.2 CHAMPION ONE (US) UPGRADES A US-BASED UNIVERSITY'S NETWORK WITH AN LR4-TO-LR4 INTERFACE SOLUTION FOR 10G, 40G, AND 100G OPTICAL TRANSCEIVERS 92
5.6.3 TXO'S (UK) QSFP28 TRANSCEIVERS ARE BEING USED BY A MULTINATIONAL TELECOMMUNICATIONS COMPANY TO ADVANCE THEIR GLOBAL 100G NETWORK 92
5.6.4 FS (US) PROVIDED A LONG-DISTANCE 10G DWDM SOLUTION WITH LINK PROTECTION FOR BUSINESS EXPANSION 93
5.6.5 SMITHS INTERCONNECT OFFERED OPTICAL INTERCONNECT FOR HIGH-SPEED, HIGH-BANDWIDTH 10GIGE AND 40GIGE CAMERAS WITH OPTICAL ENGINE EMQSFP+ 93
5.6.6 SMITHS INTERCONNECT (UK) UPGRADED OPTICAL TRANSCEIVERS FOR 100/140 µM AIRCRAFT OPTICAL CABLING 94
5.7 PORTER’S FIVE FORCES ANALYSIS 95
FIGURE 32 PORTER’S FIVE FORCES ANALYSIS 95
TABLE 5 OPTICAL TRANSCEIVER MARKET: PORTER’S FIVE FORCES ANALYSIS 95
5.7.1 THREAT OF NEW ENTRANTS 96
5.7.2 THREAT OF SUBSTITUTES 97
5.7.3 BARGAINING POWER OF BUYERS 97
5.7.4 BARGAINING POWER OF SUPPLIERS 98
5.7.5 DEGREE OF COMPETITION 98
5.8 TECHNOLOGY TRENDS 99
5.8.1 KEY TECHNOLOGY 99
5.8.1.1 Use of Silicon Photonics (SiPh) Technology for manufacturing optical transceivers 99
5.8.1.2 XR optics-based networking solutions 100
5.8.1.3 Development of PAM4 for 100G and 400G applications 100
5.8.1.4 Rise of ultra-high-speed 800G optical transceivers 101
5.8.1.5 The wave of high performance coherent pluggable modules with greater reach 101
5.8.2 COMPLEMENTARY TECHNOLOGY 102
5.8.2.1 The emergence of 5G networks and integration with AI and IoT 102
5.8.3 ADJACENT TECHNOLOGY 103
5.8.3.1 Laser technology for modulation of high data rate 103
5.9 TRADE ANALYSIS 103
5.9.1 IMPORT SCENARIO 104
5.9.1.1 Import scenario for the optical transceiver market 104
TABLE 6 TRANSMISSION OR RECEPTION APPARATUS (INCLUDING OPTICAL TRANSCEIVERS) IMPORTS, BY KEY COUNTRY, 2012–2020 (USD BILLION) 104
FIGURE 33 IMPORT DATA FOR TRANSMISSION OR RECEPTION APPARATUS (INCLUDING OPTICAL TRANSCEIVERS) IN THE MARKET FOR THE TOP FIVE COUNTRIES, 2016–2020 (USD BILLION) 105
5.9.2 EXPORT SCENARIO 105
5.9.2.1 Export scenario for optical transceiver market 105
TABLE 7 TRANSMISSION OR RECEPTION APPARATUS (INCLUDING OPTICAL TRANSCEIVERS) EXPORTS, BY KEY COUNTRY, 2012–2020 (USD BILLION) 106
FIGURE 34 EXPORT DATA FOR TRANSMISSION OR RECEPTION APPARATUS (INCLUDING OPTICAL TRANSCEIVERS) IN THE MARKET FOR TOP FIVE COUNTRIES, 2016–2020 (USD BILLION) 106
5.10 PATENT ANALYSIS 107
TABLE 8 PATENTS FILED FOR VARIOUS TYPES OF OPTICAL TRANSCEIVER, 2018–2020 107
FIGURE 35 OPTICAL TRANSCEIVER PATENTS PUBLISHED BETWEEN 2010 & 2020 111
FIGURE 36 TOP 10 COMPANIES WITH LARGEST NO. OF PATENT APPLICATIONS,
2010–2020 111
5.11 TARIFFS AND REGULATIONS 112
5.11.1 TARIFFS 112
TABLE 9 US: MFN TARIFFS FOR TRANSMISSION OR RECEPTION APPARATUS (INCLUDING OPTICAL TRANSCEIVERS) EXPORTED, BY KEY COUNTRY, 2021 112
TABLE 10 CHINA: MFN TARIFFS FOR TRANSMISSION OR RECEPTION APPARATUS (INCLUDING OPTICAL TRANSCEIVERS) EXPORTED, BY KEY COUNTRY, 2021 113
5.11.1.1 Positive impact of tariffs on transmission or reception apparatus (including optical transceivers) 113
5.11.1.2 Negative impact of tariffs on transmission or reception apparatus (including optical transceivers) 113
5.11.2 REGULATIONS 114
FIGURE 37 VARIOUS STANDARDS FOR OPTICAL TRANSCEIVERS 114
5.11.2.1 ISO 9001:2015 114
5.11.2.2 IEEE 114
5.11.2.3 IEC laser safety regulation 115
5.11.2.4 RoHS 115
5.11.2.5 REACH 115
5.11.2.6 CB 115
5.11.2.7 CE 116
5.11.2.8 FCC 116
5.11.2.9 FDA 116
TABLE 11 FDA AND IEC LASER CLASS AND LASER PRODUCT HAZARD 116
5.11.2.10 RCM 117
5.12 AVERAGE SELLING PRICE TRENDS 117
TABLE 12 AVERAGE SELLING PRICES OF OPTICAL TRANSCEIVERS BASED ON DATA RATES SUPPORTED 118
6 OPTICAL TRANSCEIVER MARKET, BY FORM FACTOR 119
6.1 INTRODUCTION 120
TABLE 13 OPTICAL TRANSCEIVER MARKET, BY FORM FACTOR,
2017–2020 (USD MILLION) 120
FIGURE 38 OPTICAL TRANSCEIVERS WITH QSFP, QSFP+, QSFP-DD, AND QSFP28 EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 120
TABLE 14 OPTICAL TRANSCEIVER MARKET, BY FORM FACTOR,
2021–2026 (USD MILLION) 121
6.2 SFF AND SFP 122
6.2.1 SFF AND SFP ENABLE A LOWER DATA RATE TRANSMISSION 122
TABLE 15 OPTICAL TRANSCEIVER MARKET FOR SFF AND SFP, BY WAVELENGTH,
2017–2020 (USD MILLION) 122
FIGURE 39 1310 NM BAND WAVELENGTH FOR SFF AND SFP OPTICAL TRANSCEIVERS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 123
TABLE 16 OPTICAL TRANSCEIVER MARKET FOR SFF AND SFP, BY WAVELENGTH,
2021–2026 (USD MILLION) 123
TABLE 17 OPTICAL TRANSCEIVER MARKET FOR SFF AND SFP, BY FIBER TYPE,
2017–2020 (USD MILLION) 124
TABLE 18 OPTICAL TRANSCEIVER MARKET FOR SFF AND SFP, BY FIBER TYPE,
2021–2026 (USD MILLION) 124
TABLE 19 OPTICAL TRANSCEIVER MARKET FOR SFF AND SFP, BY CONNECTOR,
2017–2020 (USD MILLION) 124
FIGURE 40 LC CONNECTORS FOR SFF AND SFP TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD 125
TABLE 20 OPTICAL TRANSCEIVER MARKET FOR SFF AND SFP, BY CONNECTOR,
2021–2026 (USD MILLION) 125
6.3 SFP+ AND SFP28 126
6.3.1 SFP+ AND SFP28 ENABLE BOTH SINGLE-MODE AND MULTIMODE FIBER OPTIC COMMUNICATION 126
TABLE 21 OPTICAL TRANSCEIVER MARKET FOR SFP+ AND SFP28, BY WAVELENGTH, 2017–2020 (USD MILLION) 126
FIGURE 41 850 NM BAND WAVELENGTH FOR SFP+ AND SFP28 EXPECTED TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD 127
TABLE 22 OPTICAL TRANSCEIVER MARKET FOR SFP+ AND SFP28, BY WAVELENGTH, 2021–2026 (USD MILLION) 127
TABLE 23 OPTICAL TRANSCEIVER MARKET FOR SFP+ AND SFP28, BY DATA RATE, 2017–2020 (USD MILLION) 128
TABLE 24 OPTICAL TRANSCEIVER MARKET FOR SFP+ AND SFP28, BY DATA RATE, 2021–2026 (USD MILLION) 128
TABLE 25 OPTICAL TRANSCEIVER MARKET FOR SFP+ AND SFP28, BY FIBER TYPE, 2017–2020 (USD MILLION) 128
FIGURE 42 SINGLE MODE FIBER TYPE FOR SFP+ AND SFP28 SEGMENT TO HOLD A LARGER SHARE DURING THE FORECAST PERIOD 129
TABLE 26 OPTICAL TRANSCEIVER MARKET FOR SFP+ AND SFP28, BY FIBER TYPE, 2021–2026 (USD MILLION) 129
6.4 QSFP, QSFP+, QSFP-DD, AND QSFP28 130
6.4.1 FASTEST-GROWING SEGMENT OWING TO THE ADOPTION OF HIGH DATA RATE TRANSMISSION 130
TABLE 27 OPTICAL TRANSCEIVER MARKET FOR QSFP, QSFP+, QSFP-DD, AND QSFP28, BY WAVELENGTH, 2017–2020 (USD MILLION) 131
FIGURE 43 850 NM BAND WAVELENGTH FOR QSFP, QSFP+, QSFP-DD, AND QSFP28 EXPECTED TO HOLD A LARGER SHARE DURING THE FORECAST PERIOD 131
TABLE 28 OPTICAL TRANSCEIVER MARKET FOR QSFP, QSFP+, QSFP-DD, AND QSFP28, BY WAVELENGTH, 2021–2026 (USD MILLION) 131
TABLE 29 OPTICAL TRANSCEIVER MARKET FOR QSFP, QSFP+, QSFP-DD, AND QSFP28, BY DATA RATE, 2017–2020 (USD MILLION) 132
TABLE 30 OPTICAL TRANSCEIVER MARKET FOR QSFP, QSFP+, QSFP-DD, AND QSFP28, BY DATA RATE, 2021–2026 (USD MILLION) 132
TABLE 31 OPTICAL TRANSCEIVER MARKET FOR QSFP, QSFP+, QSFP-DD, AND QSFP28, BY FIBER TYPE, 2017–2020 (USD MILLION) 133
FIGURE 44 MULTIMODE FIBER TYPE FOR THE QSFP, QSFP+, QSFP-DD, AND QSFP28 SEGMENT TO HOLD A LARGER SHARE DURING THE FORECAST PERIOD 133
TABLE 32 OPTICAL TRANSCEIVER MARKET FOR QSFP, QSFP+, QSFP-DD, AND QSFP28, BY FIBER TYPE, 2021–2026 (USD MILLION) 133
TABLE 33 OPTICAL TRANSCEIVER MARKET FOR QSFP, QSFP+, QSFP-DD, AND QSFP28, BY CONNECTOR, 2017–2020 (USD MILLION) 134
TABLE 34 OPTICAL TRANSCEIVER MARKET FOR QSFP, QSFP+, QSFP-DD, AND QSFP28, BY CONNECTOR, 2021–2026 (USD MILLION) 134
6.5 CFP, CFP2, AND CFP4 134
6.5.1 MARKET FOR CFP, CFP2, AND CFP4 TYPE TRANSCEIVERS EXPECTED TO GROW AT THE HIGHEST CAGR IN APAC 134
TABLE 35 OPTICAL TRANSCEIVER MARKET FOR CFP, CFP2, AND CFP4, BY WAVELENGTH, 2017–2020 (USD MILLION) 135
FIGURE 45 1310 NM BAND WAVELENGTH FOR THE CFP, CFP2, AND CFP4 OPTICAL TRANSCEIVER MARKET EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 135
TABLE 36 OPTICAL TRANSCEIVER MARKET FOR CFP, CFP2, AND CFP4,
BY WAVELENGTH, 2021–2026 (USD MILLION) 136
TABLE 37 OPTICAL TRANSCEIVER MARKET FOR CFP, CFP2, AND CFP4, BY FIBER TYPE, 2017–2020 (USD MILLION) 136
FIGURE 46 SINGLE-MODE FIBER TYPE FOR THE CFP, CFP2, AND CFP4 SEGMENT TO HOLD A LARGER SHARE DURING THE FORECAST PERIOD 137
TABLE 38 OPTICAL TRANSCEIVER MARKET FOR CFP, CFP2, AND CFP4, BY FIBER TYPE, 2021–2026 (USD MILLION) 137
TABLE 39 OPTICAL TRANSCEIVER MARKET FOR CFP, CFP2, AND CFP4, BY CONNECTOR, 2017–2020 (USD MILLION) 138
TABLE 40 OPTICAL TRANSCEIVER MARKET FOR CFP, CFP2, AND CFP4, BY CONNECTOR, 2021–2026 (USD MILLION) 138
6.6 XFP 138
6.6.1 IT SUPPORTS ETHERNET, FIBER CHANNEL, AND SONET STANDARDS 138
TABLE 41 OPTICAL TRANSCEIVER MARKET FOR XFP, BY WAVELENGTH,
2017–2020 (USD MILLION) 139
FIGURE 47 1550 NM BAND WAVELENGTH FOR THE XFP OPTICAL TRANSCEIVER MARKET EXPECTED TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD 139
TABLE 42 OPTICAL TRANSCEIVER MARKET FOR XFP, BY WAVELENGTH, 2021–2026 (USD MILLION) 140
6.7 CXP 140
6.7.1 CXP TRANSCEIVERS ARE USED FOR HIGH-DENSITY APPLICATIONS 140
6.8 COVID-19 IMPACT ON VARIOUS FORM FACTORS OF OPTICAL TRANSCEIVERS 141
6.8.1 MOST IMPACTED FORM FACTOR 141
FIGURE 48 IMPACT OF COVID-19 ON THE CXP MARKET 141
6.8.2 LEAST IMPACTED FORM FACTOR 142
FIGURE 49 IMPACT OF COVID-19 ON THE QSFP, QSFP+, QSFP-DD, AND QSFP28 MARKET 142
 
7 OPTICAL TRANSCEIVER MARKET, BY DATA RATE 143
7.1 INTRODUCTION 144
TABLE 43 OPTICAL TRANSCEIVER MARKET, BY DATA RATE, 2017–2020 (USD MILLION) 144
FIGURE 50 OPTICAL TRANSCEIVERS SUPPORTING 41 GBPS TO 100 GBPS DATA RATE EXPECTED TO GROW THE FASTEST FROM 2021 TO 2026 144
TABLE 44 OPTICAL TRANSCEIVER MARKET, BY DATA RATE, 2021–2026 (USD MILLION) 145
TABLE 45 OPTICAL TRANSCEIVER MARKET, BY DATA RATE, 2017–2020 (THOUSAND UNITS) 145
TABLE 46 OPTICAL TRANSCEIVER MARKET, BY DATA RATE, 2021–2026 (THOUSAND UNITS) 145
7.2 LESS THAN 10 GBPS 146
7.2.1 LESS THAN 10 GBPS DATA RATE MODULES OPERATE THROUGH SINGLE-MODE AS WELL AS MULTIMODE FIBERS 146
TABLE 47 LIST OF PRODUCTS FOR LESS THAN 10 GBPS DATA RATE 146
TABLE 48 OPTICAL TRANSCEIVER MARKET FOR LESS THAN 10 GBPS DATA RATE,
BY FORM FACTOR, 2017–2020 (USD MILLION) 147
TABLE 49 OPTICAL TRANSCEIVER MARKET FOR LESS THAN 10 GBPS DATA RATE,
BY FORM FACTOR, 2021–2026 (USD MILLION) 147
TABLE 50 OPTICAL TRANSCEIVER MARKET FOR LESS THAN 10 GBPS DATA RATE,
BY REGION, 2017–2020 (USD MILLION) 147
TABLE 51 OPTICAL TRANSCEIVER MARKET FOR LESS THAN 10 GBPS DATA RATE,
BY REGION, 2021–2026 (USD MILLION) 148
7.3 10 GBPS TO 40 GBPS 148
7.3.1 10 GBPS TO 40 GBPS OF DATA RATE MODULES ARE MOSTLY USED FOR SWITCHING AND ROUTING APPLICATIONS 148
TABLE 52 LIST OF PRODUCTS FOR 10 GBPS TO 40 GBPS DATA RATE 149
TABLE 53 OPTICAL TRANSCEIVER MARKET FOR 10 GBPS TO 40 GBPS DATA RATE,
BY FORM FACTOR, 2017–2020 (USD MILLION) 149
TABLE 54 OPTICAL TRANSCEIVER MARKET FOR 10 GBPS TO 40 GBPS DATA RATE,
BY FORM FACTOR, 2021–2026 (USD MILLION) 149
TABLE 55 OPTICAL TRANSCEIVER MARKET FOR 10 GBPS TO 40 GBPS DATA RATE,
BY REGION, 2017–2020 (USD MILLION) 150
TABLE 56 OPTICAL TRANSCEIVER MARKET FOR 10 GBPS TO 40 GBPS DATA RATE,
BY REGION, 2021–2026 (USD MILLION) 150
7.4 41 GBPS TO 100 GBPS 151
7.4.1 MARKET FOR OPTICAL TRANSCEIVERS SUPPORTING DATA RATES BETWEEN 41 GBPS AND 100 GBPS TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 151
TABLE 57 LIST OF PRODUCTS FOR 41 GBPS TO 100 GBPS DATA RATE 151
TABLE 58 OPTICAL TRANSCEIVER MARKET FOR 41 GBPS TO 100 GBPS DATA RATE,
BY REGION, 2017–2020 (USD MILLION) 151
TABLE 59 OPTICAL TRANSCEIVER MARKET FOR 41 GBPS TO 100 GBPS DATA RATE,
BY REGION, 2021–2026 (USD MILLION) 152
7.5 MORE THAN 100 GBPS 152
7.5.1 MORE THAN 100 GBPS DATA RATE MODULES ARE PROMINENTLY USED FOR SHORT-REACH COMMUNICATIONS 152
TABLE 60 LIST OF PRODUCTS FOR MORE THAN 100 GBPS DATA RATE 153
TABLE 61 OPTICAL TRANSCEIVER MARKET FOR ABOVE 100 GBPS, BY FORM FACTOR, 2017–2020 (USD MILLION) 153
TABLE 62 OPTICAL TRANSCEIVER MARKET FOR ABOVE 100 GBPS, BY FORM FACTOR, 2021–2026 (USD MILLION) 154
TABLE 63 OPTICAL TRANSCEIVER MARKET FOR MORE THAN 100 GBPS DATA RATE,
BY REGION, 2017–2020 (USD MILLION) 154
TABLE 64 OPTICAL TRANSCEIVER MARKET FOR MORE THAN 100 GBPS DATA RATE,
BY REGION, 2021–2026 (USD MILLION) 154
7.6 IMPACT OF COVID-19 ON THE OPTICAL TRANSCEIVER MARKET FOR DATA RATE 155
7.6.1 MOST IMPACTED DATA RATE 155
FIGURE 51 IMPACT OF COVID-19 ON THE OPTICAL TRANSCEIVER MARKET FOR LESS THAN 10 GBPS DATA RATE 155
7.6.2 LEAST IMPACTED DATA RATE 156
FIGURE 52 IMPACT OF COVID-19 ON THE OPTICAL TRANSCEIVER MARKET FOR 41 GBPS TO 100 GBPS DATA RATE 156
8 OPTICAL TRANSCEIVER MARKET, BY FIBER TYPE 157
8.1 INTRODUCTION 158
TABLE 65 OPTICAL TRANSCEIVER MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 158
FIGURE 53 MULTIMODE OPTICAL TRANSCEIVERS TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 158
TABLE 66 OPTICAL TRANSCEIVER MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 159
8.2 SINGLE MODE FIBER (SMF) 159
8.2.1 SINGLE MODE FIBERS ARE SUITABLE FOR LONG-DISTANCE TRANSMISSION DUE TO LOWER ATTENUATION 159
TABLE 67 LIST OF PLAYERS OFFERING SINGLE-MODE TRANSCEIVERS 160
TABLE 68 OPTICAL TRANSCEIVER MARKET FOR SINGLE MODE FIBER, BY FORM FACTOR, 2017–2020 (USD MILLION) 160
TABLE 69 OPTICAL TRANSCEIVER MARKET FOR SINGLE MODE FIBER, BY FORM FACTOR, 2021–2026 (USD MILLION) 161
TABLE 70 OPTICAL TRANSCEIVER MARKET FOR SINGLE MODE FIBER, BY APPLICATION, 2017–2020 (USD MILLION) 161
TABLE 71 OPTICAL TRANSCEIVER MARKET FOR SINGLE MODE FIBER, BY APPLICATION, 2021–2026 (USD MILLION) 162
TABLE 72 OPTICAL TRANSCEIVER MARKET FOR SINGLE MODE FIBER, BY REGION, 2017–2020 (USD MILLION) 162
TABLE 73 OPTICAL TRANSCEIVER MARKET FOR SINGLE MODE FIBER, BY REGION, 2021–2026 (USD MILLION) 163
8.3 MULTIMODE FIBER (MMF) 163
8.3.1 MULTIMODE FIBERS CONSUME LESS POWER THAN SINGLE MODE FIBERS AND ARE BEST SUITED FOR DATA CENTER APPLICATIONS 163
TABLE 74 LIST OF PLAYERS OFFERING MULTIMODE TRANSCEIVERS 164
TABLE 75 OPTICAL TRANSCEIVER MARKET FOR MULTIMODE FIBER, BY FORM FACTOR, 2017–2020 (USD MILLION) 164
TABLE 76 OPTICAL TRANSCEIVER MARKET FOR MULTIMODE FIBER, BY FORM FACTOR, 2021–2026 (USD MILLION) 165
TABLE 77 OPTICAL TRANSCEIVER MARKET FOR MULTIMODE FIBER, BY APPLICATION, 2017–2020 (USD MILLION) 166
TABLE 78 OPTICAL TRANSCEIVER MARKET FOR MULTIMODE FIBER, BY APPLICATION, 2021–2026 (USD MILLION) 166
TABLE 79 OPTICAL TRANSCEIVER MARKET FOR MULTIMODE FIBER, BY REGION,
2017–2020 (USD MILLION) 167
FIGURE 54 MULTIMODE OPTICAL TRANSCEIVER MARKET TO GROW AT THE HIGHEST CAGR IN APAC DURING THE FORECAST PERIOD 167
TABLE 80 OPTICAL TRANSCEIVER MARKET FOR MULTIMODE FIBER, BY REGION,
2021–2026 (USD MILLION) 167
9 OPTICAL TRANSCEIVER MARKET, BY DISTANCE 169
9.1 INTRODUCTION 170
TABLE 81 OPTICAL TRANSCEIVER MARKET, BY DISTANCE, 2017–2020 (USD MILLION) 170
FIGURE 55 OPTICAL TRANSCEIVERS FOR LESS THAN 1 KM TO DOMINATE THE MARKET DURING THE FORECAST PERIOD 170
TABLE 82 OPTICAL TRANSCEIVER MARKET, BY DISTANCE, 2021–2026 (USD MILLION) 171
9.2 LESS THAN 1 KM 171
9.2.1 MULTIMODE FIBER TRANSCEIVERS ARE PREFERRED FOR LESS THAN 1 KM DISTANCE CONNECTIVITY FOR HIGH DATA RATE TRANSMISSION 171
TABLE 83 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS WITH LESS THAN 1 KM REACH COMPATIBILITY 171
TABLE 84 OPTICAL TRANSCEIVER MARKET FOR LESS THAN 1 KM, BY REGION, 2017–2020 (USD MILLION) 172
FIGURE 56 NORTH AMERICA TO DOMINATE THE MARKET FOR LESS THAN 1 KM RANGE MODULES DURING THE FORECAST PERIOD 172
TABLE 85 OPTICAL TRANSCEIVER MARKET FOR LESS THAN 1 KM, BY REGION, 2021–2026 (USD MILLION) 172
9.3 1 TO 10 KM 173
9.3.1 TRANSCEIVER MODULES OPERATING WITHIN 1 TO 10 KM DISTANCE ARE USED FOR INTRA DATA CENTER CONNECTION APPLICATIONS 173
TABLE 86 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS WITH 1 TO 10 KM REACH 173
TABLE 87 OPTICAL TRANSCEIVER MARKET FOR 1 TO 10 KM, BY REGION,
2017–2020 (USD MILLION) 173
FIGURE 57 APAC MARKET FOR 1 TO 10 KM RANGE MODULES EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 174
TABLE 88 OPTICAL TRANSCEIVER MARKET FOR 1 TO 10 KM, BY REGION,
2021–2026 (USD MILLION) 174
9.4 11 TO 100 KM 175
9.4.1 OPTICAL TRANSCEIVERS OPERATING WITHIN A DISTANCE OF 11 TO 100 KM ARE OPERATED ON SINGLE-MODE FIBERS 175
TABLE 89 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS WITH 11 TO 100 KM REACH 175
TABLE 90 OPTICAL TRANSCEIVER MARKET FOR 11 TO 100 KM, BY REGION, 2017–2020 (USD MILLION) 175
FIGURE 58 APAC REGION FOR 11 TO 100 KM RANGE MODULES EXPECTED TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD 176
TABLE 91 OPTICAL TRANSCEIVER MARKET FOR 11 TO 100 KM, BY REGION,
2021–2026 (USD MILLION) 176
9.5 MORE THAN 100 KM 177
9.5.1 OPTICAL TRANSCEIVERS FOR MORE THAN 100 KM ARE MAINLY USED FOR LONG-DISTANCE TELECOMMUNICATION NETWORKS 177
TABLE 92 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS WITH MORE THAN 100 KM REACH 177
TABLE 93 OPTICAL TRANSCEIVER MARKET FOR MORE THAN 100 KM, BY REGION, 2017–2020 (USD MILLION) 177
FIGURE 59 APAC REGION FOR MORE THAN 100 KM RANGE MODULES EXPECTED TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD 178
TABLE 94 OPTICAL TRANSCEIVER MARKET FOR MORE THAN 100 KM, BY REGION, 2021–2026 (USD MILLION) 178
10 OPTICAL TRANSCEIVER MARKET, BY WAVELENGTH 179
10.1 INTRODUCTION 180
TABLE 95 OPTICAL TRANSCEIVER MARKET, BY WAVELENGTH,
2017–2020 (USD MILLION) 180
FIGURE 60 OPTICAL TRANSCEIVERS OPERATING IN THE 1310 NM BAND TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 180
TABLE 96 OPTICAL TRANSCEIVER MARKET, BY WAVELENGTH,
2021–2026 (USD MILLION) 181
10.2 850 NM BAND 181
10.2.1 MULTIMODE OPTICAL TRANSCEIVERS OPERATING IN THE 850 NM BAND ARE USED FOR SHORT-DISTANCE COMMUNICATION 181
TABLE 97 LIST OF PRODUCTS OPERATING AT 850 NM BAND 182
TABLE 98 OPTICAL TRANSCEIVER MARKET FOR 850 NM BAND, BY FORM FACTOR, 2017–2020 (USD MILLION) 182
TABLE 99 OPTICAL TRANSCEIVER MARKET FOR 850 NM BAND, BY FORM FACTOR, 2021–2026 (USD MILLION) 183
TABLE 100 OPTICAL TRANSCEIVER MARKET FOR 850 NM BAND, BY REGION,
2017–2020 (USD MILLION) 183
TABLE 101 OPTICAL TRANSCEIVER MARKET FOR 850 NM BAND, BY REGION,
2021–2026 (USD MILLION) 183
10.3 1310 NM BAND 184
10.3.1 1310 NM BAND IS SUITED FOR DATA TRANSFER THROUGH SINGLE-MODE AND MULTIMODE FIBERS 184
TABLE 102 LIST OF PRODUCTS OPERATING AT 1310 NM BAND 184
TABLE 103 OPTICAL TRANSCEIVER MARKET FOR 1310 NM BAND, BY FORM FACTOR, 2017–2020 (USD MILLION) 185
TABLE 104 OPTICAL TRANSCEIVER MARKET FOR 1310 NM BAND, BY FORM FACTOR, 2021–2026 (USD MILLION) 185
TABLE 105 OPTICAL TRANSCEIVER MARKET FOR 1310 NM BAND, BY REGION,
2017–2020 (USD MILLION) 185
FIGURE 61 NORTH AMERICA TO LEAD THE OPTICAL TRANSCEIVER MARKET FOR THE 1310 NM BAND 186
TABLE 106 OPTICAL TRANSCEIVER MARKET FOR 1310 NM BAND, BY REGION,
2021–2026 (USD MILLION) 186
10.4 1550 NM BAND 187
10.4.1 1150 NM BAND IS APT FOR LONG-DISTANCE COMMUNICATION 187
TABLE 107 LIST OF PRODUCTS OPERATING AT 1550 NM BAND 187
TABLE 108 OPTICAL TRANSCEIVER MARKET FOR 1550 NM BAND, BY FORM FACTOR, 2017–2020 (USD MILLION) 187
TABLE 109 OPTICAL TRANSCEIVER MARKET FOR 1550 NM BAND, BY FORM FACTOR, 2021–2026 (USD MILLION) 188
TABLE 110 OPTICAL TRANSCEIVER MARKET FOR 1550 NM BAND, BY REGION,
2017–2020 (USD MILLION) 188
TABLE 111 OPTICAL TRANSCEIVER MARKET FOR 1550 NM BAND, BY REGION,
2021–2026 (USD MILLION) 189
10.5 OTHERS 189
TABLE 112 OPTICAL TRANSCEIVER MARKET FOR OTHER WAVELENGTHS, BY FORM FACTOR, 2017–2020 (USD MILLION) 191
TABLE 113 OPTICAL TRANSCEIVER MARKET FOR OTHER WAVELENGTHS, BY FORM FACTOR, 2021–2026 (USD MILLION) 191
TABLE 114 OPTICAL TRANSCEIVER MARKET FOR OTHER WAVELENGTHS, BY REGION, 2017–2020 (USD MILLION) 192
TABLE 115 OPTICAL TRANSCEIVER MARKET FOR OTHER WAVELENGTHS, BY REGION, 2021–2026 (USD MILLION) 192
11 OPTICAL TRANSCEIVER MARKET, BY CONNECTOR 193
11.1 INTRODUCTION 194
TABLE 116 OPTICAL TRANSCEIVER MARKET, BY CONNECTOR,
2017–2020 (USD MILLION) 194
FIGURE 62 MPO CONNECTOR-BASED OPTICAL TRANSCEIVERS TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 195
TABLE 117 OPTICAL TRANSCEIVER MARKET, BY CONNECTOR,
2021–2026 (USD MILLION) 195
11.2 LC CONNECTORS 196
11.2.1 LC CONNECTORS ARE WELL-SUITED FOR COHERENT POINT-TO-POINT AND METRO APPLICATIONS 196
TABLE 118 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS WITH LC CONNECTOR COMPATIBILITY 196
TABLE 119 OPTICAL TRANSCEIVER MARKET FOR LC CONNECTORS, BY FORM FACTOR, 2017–2020 (USD MILLION) 197
FIGURE 63 MARKET FOR QSFP, QSFP+, QSFP-DD, AND QSFP28 MODULES BASED ON LC CONNECTORS TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 197
TABLE 120 OPTICAL TRANSCEIVER MARKET FOR LC CONNECTORS, BY FORM FACTOR, 2021–2026 (USD MILLION) 198
TABLE 121 OPTICAL TRANSCEIVER MARKET FOR LC CONNECTORS, BY REGION,
2017–2020 (USD MILLION) 198
TABLE 122 OPTICAL TRANSCEIVER MARKET FOR LC CONNECTORS, BY REGION,
2021–2026 (USD MILLION) 199
11.3 SC CONNECTORS 199
11.3.1 SC CONNECTOR-BASED OPTICAL TRANSCEIVERS ARE EXPECTED TO GROW AT THE HIGHEST CAGR IN APAC 199
TABLE 123 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS WITH SC CONNECTOR COMPATIBILITY 200
TABLE 124 OPTICAL TRANSCEIVER MARKET FOR SC CONNECTORS, BY FORM FACTOR, 2017–2020 (USD MILLION) 200
FIGURE 64 MARKET FOR CFP, CFP2, AND CFP4 MODULES BASED ON SC CONNECTORS TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 201
TABLE 125 OPTICAL TRANSCEIVER MARKET FOR SC CONNECTORS, BY FORM FACTOR, 2021–2026 (USD MILLION) 201
TABLE 126 OPTICAL TRANSCEIVER MARKET FOR SC CONNECTORS, BY REGION,
2017–2020 (USD MILLION) 202
TABLE 127 OPTICAL TRANSCEIVER MARKET FOR SC CONNECTORS, BY REGION,
2021–2026 (USD MILLION) 202
11.4 MPO CONNECTOR 203
11.4.1 USE OF MPO CONNECTORS FOR HIGH-SPEED OPTICAL TRANSCEIVERS TO DRIVE THE MARKET GROWTH 203
TABLE 128 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS WITH MPO CONNECTOR COMPATIBILITY 203
TABLE 129 OPTICAL TRANSCEIVER MARKET FOR MPO CONNECTORS, BY FORM FACTOR, 2017–2020 (USD MILLION) 203
FIGURE 65 MARKET FOR QSFP, QSFP+, QSFP-DD, AND QSFP28 MODULES BASED ON MPO CONNECTOR TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD 204
TABLE 130 OPTICAL TRANSCEIVER MARKET FOR MPO CONNECTORS, BY FORM FACTOR, 2021–2026 (USD MILLION) 204
TABLE 131 OPTICAL TRANSCEIVER MARKET FOR MPO CONNECTORS, BY REGION,
2017–2020 (USD MILLION) 205
TABLE 132 OPTICAL TRANSCEIVER MARKET FOR MPO CONNECTORS, BY REGION,
2021–2026 (USD MILLION) 205
11.5 RJ-45 206
11.5.1 RJ-45 TRANSCEIVERS OFFER THE LOWEST DATA RATE CAPABILITY 206
TABLE 133 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS WITH RJ-45 CONNECTOR COMPATIBILITY 206
TABLE 134 OPTICAL TRANSCEIVER MARKET FOR RJ-45 CONNECTORS, BY REGION, 2017–2020 (USD MILLION) 206
FIGURE 66 APAC REGION FOR MODULES BASED ON RJ-45 CONNECTORS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 207
TABLE 135 OPTICAL TRANSCEIVER MARKET FOR RJ-45 CONNECTORS, BY REGION, 2021–2026 (USD MILLION) 207
12 OPTICAL TRANSCEIVER MARKET, BY APPLICATION 208
12.1 INTRODUCTION 209
TABLE 136 OPTICAL TRANSCEIVER MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 209
FIGURE 67 OPTICAL TRANSCEIVER MARKET FOR DATA CENTER APPLICATIONS TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 209
TABLE 137 OPTICAL TRANSCEIVER MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 210
12.2 TELECOMMUNICATION 210
12.2.1 ULTRA-LONG-HAUL NETWORK 211
12.2.1.1 DWDM technology is used for ultra-long-haul network communication 211
12.2.2 LONG-HAUL NETWORK 211
12.2.2.1 Single mode fibers are mostly used for long distances
(metro and long-haul networks) 211
12.2.3 METRO NETWORK 211
12.2.3.1 Expansion of 4G and rising adoption of 5G would present opportunities for market growth 211
TABLE 138 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS FOR TELECOMMUNICATION APPLICATIONS 212
TABLE 139 OPTICAL TRANSCEIVER MARKET FOR TELECOMMUNICATION, BY FIBER TYPE, 2017–2020 (USD MILLION) 212
FIGURE 68 SINGLE MODE FIBER OPTICAL TRANSCEIVERS TO LEAD THE MARKET FOR TELECOMMUNICATION APPLICATIONS DURING THE FORECAST PERIOD 212
TABLE 140 OPTICAL TRANSCEIVER MARKET FOR TELECOMMUNICATION, BY FIBER TYPE, 2021–2026 (USD MILLION) 213
TABLE 141 OPTICAL TRANSCEIVER MARKET FOR TELECOMMUNICATION, BY REGION, 2017–2020 (USD MILLION) 213
TABLE 142 OPTICAL TRANSCEIVER MARKET FOR TELECOMMUNICATION, BY REGION, 2021–2026 (USD MILLION) 213
12.3 DATA CENTER 214
12.3.1 DATA CENTER INTERCONNECT 214
12.3.1.1 Increasing data traffic and demand for higher data rates create opportunities for 400G transceivers in the market 214
12.3.2 INTRA-DATA CENTER CONNECTION 215
12.3.2.1 Growing demand for cloud-based services, and emerging technologies such as AI, deep learning, and virtual reality are driving the growth of energy-efficient and high-speed transceivers 215
TABLE 143 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS FOR DATA CENTER APPLICATIONS 215
TABLE 144 OPTICAL TRANSCEIVER MARKET FOR DATA CENTER, BY FIBER TYPE,
2017–2020 (USD MILLION) 215
FIGURE 69 MULTIMODE FIBER OPTICAL TRANSCEIVERS TO HOLD A LARGER MARKET SHARE FOR DATA CENTER APPLICATIONS DURING THE FORECAST PERIOD 216
TABLE 145 OPTICAL TRANSCEIVER MARKET FOR DATA CENTER, BY FIBER TYPE, 2021–2026 (USD MILLION) 216
TABLE 146 OPTICAL TRANSCEIVER MARKET FOR DATA CENTER, BY REGION,
2017–2020 (USD MILLION) 217
TABLE 147 OPTICAL TRANSCEIVER MARKET FOR DATA CENTER, BY REGION,
2021–2026 (USD MILLION) 217
12.4 ENTERPRISE 218
12.4.1 INCREASING NEED FOR HIGH DATA RATES FOR VARIOUS ENTERPRISE APPLICATIONS DRIVES THE MARKET GROWTH 218
TABLE 148 PLAYERS MANUFACTURING OPTICAL TRANSCEIVERS FOR ENTERPRISE APPLICATIONS 218
TABLE 149 OPTICAL TRANSCEIVER MARKET FOR ENTERPRISE, BY FIBER TYPE,
2017–2020 (USD MILLION) 218
FIGURE 70 MULTIMODE FIBER OPTICAL TRANSCEIVERS TO HOLD A LARGER MARKET SHARE FOR ENTERPRISE APPLICATIONS DURING THE FORECAST PERIOD 219
TABLE 150 OPTICAL TRANSCEIVER MARKET FOR ENTERPRISE, BY FIBER TYPE,
2021–2026 (USD MILLION) 219
TABLE 151 OPTICAL TRANSCEIVER MARKET FOR ENTERPRISE, BY REGION,
2017–2020 (USD MILLION) 219
TABLE 152 OPTICAL TRANSCEIVER MARKET FOR ENTERPRISE, BY REGION,
2021–2026 (USD MILLION) 220
12.5 COVID-19 IMPACT ON VARIOUS APPLICATIONS OF OPTICAL TRANSCEIVERS 220
12.5.1 MOST IMPACTED APPLICATION 221
FIGURE 71 IMPACT OF COVID-19 ON THE OPTICAL TRANSCEIVER MARKET FOR ENTERPRISE APPLICATIONS 221
12.5.2 LEAST IMPACTED APPLICATION 221
FIGURE 72 IMPACT OF COVID-19 ON THE OPTICAL TRANSCEIVER MARKET FOR DATA CENTER APPLICATIONS 221
13 OPTICAL TRANSCEIVER MARKET, BY PROTOCOL 223
13.1 INTRODUCTION 224
TABLE 153 OPTICAL TRANSCEIVER MARKET, BY PROTOCOL, 2017–2020 (USD MILLION) 224
FIGURE 73 MARKET FOR FTTX TO WITNESS THE HIGHEST GROWTH RATE DURING
THE FORECAST PERIOD 224
TABLE 154 OPTICAL TRANSCEIVER MARKET, BY PROTOCOL, 2021–2026 (USD MILLION) 225
13.2 ETHERNET 225
13.2.1 WIDE RANGE OF DATA RATE SUPPORT ENABLES THE ADOPTION OF ETHERNET OPTICAL TRANSCEIVERS FOR OFFICES AS WELL AS DATA CENTERS 225
TABLE 155 KEY COMPANIES OFFERING ETHERNET OPTICAL TRANSCEIVERS 226
13.3 FIBER CHANNEL 226
13.3.1 FIBER CHANNEL OPTICAL TRANSCEIVERS ARE MAINLY ADOPTED IN DATA CENTERS 226
TABLE 156 KEY COMPANIES OFFERING FIBER CHANNEL OPTICAL TRANSCEIVERS 226
13.4 CWDM/DWDM 227
13.4.1 WAVELENGTH DIVISION MULTIPLEXING (WDM) PROTOCOLS HELP IN INCREASING THE DATA CARRYING CAPACITY WITHOUT INCREASING THE DATA RATES 227
TABLE 157 KEY COMPANIES OFFERING CWDM/DWDM OPTICAL TRANSCEIVERS 227
13.5 FTTX (PON/BIDI) 227
13.5.1 FTTH IS ONE OF THE KEY APPLICATIONS FUELING THE GROWTH OF THE MARKET 227
TABLE 158 KEY COMPANIES OFFERING FTTX (PON/BIDI) OPTICAL TRANSCEIVERS 228
13.6 OTHER PROTOCOLS 228
TABLE 159 KEY COMPANIES OFFERING OPTICAL TRANSCEIVERS COMPATIBLE WITH OTHER PROTOCOLS 228

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

Publisher:        MarketsandMarkets

# of Pages:        230

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Publication Date:  March, 2022

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

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

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# of Pages:        184

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Publication Date:  March, 2022

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