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Collaborative Robot Market with COVID-19 Impact Analysis, Component, Payload (Up to 5 Kg, 5-10 Kg, and Above 10 Kg), Application (Handling, Processing...

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Publication Date:  August, 2021

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1 INTRODUCTION 38
1.1 STUDY OBJECTIVES 38
1.2 DEFINITION AND SCOPE 38
1.2.1 INCLUSIONS AND EXCLUSIONS 39
1.3 STUDY SCOPE 40
FIGURE 1 SEGMENTATION OF COLLABORATIVE ROBOT MARKET 40
1.3.1 YEARS CONSIDERED 41
1.4 CURRENCY AND PRICING UNITS 41
1.5 VOLUME UNIT CONSIDERED 41
1.6 STAKEHOLDERS 42
1.7 SUMMARY OF CHANGES 42
2 RESEARCH METHODOLOGY 44
2.1 RESEARCH DATA 44
FIGURE 2 COLLABORATIVE ROBOT (COBOT) MARKET: RESEARCH DESIGN 44
2.1.1 SECONDARY DATA 45
2.1.1.1 Major secondary sources 45
2.1.1.2 Key data from secondary sources 46
2.1.2 PRIMARY DATA 46
2.1.2.1 Key data from primary sources 47
2.1.2.2 Breakdown of primaries 47
2.1.3 SECONDARY AND PRIMARY RESEARCH 48
2.1.4 KEY INDUSTRY INSIGHTS 49
2.2 MARKET SIZE ESTIMATION 49
2.2.1 BOTTOM-UP APPROACH 49
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY [APPROACH 1–BOTTOM-UP (DEMAND SIDE)]: DEMAND FOR COLLABORATIVE ROBOTS IN THE US 50
FIGURE 4 COLLABORATIVE ROBOT MARKET: BOTTOM-UP APPROACH 50
2.2.2 TOP-DOWN APPROACH 50
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY [APPROACH 2 (SUPPLY SIDE)]: REVENUE GENERATED FROM PRODUCTS IN THE COLLABORATIVE ROBOT MARKET 51
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY [APPROACH 2 (SUPPLY SIDE)]: ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN THE COLLABORATIVE ROBOT MARKET 52
FIGURE 7 COLLABORATIVE ROBOT MARKET: TOP-DOWN APPROACH 52
2.2.3 MARKET PROJECTIONS 52
TABLE 1 MARKET GROWTH ASSUMPTIONS 53
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 54
FIGURE 8 DATA TRIANGULATION 54
2.4 RESEARCH ASSUMPTIONS 55
2.4.1 ASSUMPTIONS 55
2.5 LIMITATIONS 55
2.6 RISK ASSESSMENT 56
3 EXECUTIVE SUMMARY 57
FIGURE 9 GLOBAL PROPAGATION OF COVID-19 58
TABLE 2 RECOVERY SCENARIOS FOR THE GLOBAL ECONOMY 58
3.1 REALISTIC SCENARIO 59
3.2 OPTIMISTIC SCENARIO 59
3.3 PESSIMISTIC SCENARIO 59
FIGURE 10 GROWTH PROJECTIONS OF COLLABORATIVE ROBOT MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 60
FIGURE 11 IMPACT OF COVID-19 ON THE COLLABORATIVE ROBOT MARKET 61
FIGURE 12 COBOTS WITH PAYLOAD UP TO 5 KG TO DOMINATE THE COLLABORATIVE ROBOT MARKET THROUGHOUT THE FORECAST PERIOD 62
FIGURE 13 MARKET FOR SOFTWARE COMPONENT T0 GROW AT HIGHER CAGR DURING THE FORECAST PERIOD 62
FIGURE 14 HANDLING APPLICATION TO DOMINATE THE COLLABORATIVE ROBOT MARKET DURING FORECAST PERIOD 63
FIGURE 15 MARKET FOR ELECTRONICS INDUSTRY TO WITNESS THE FASTEST GROWTH DURING THE FORECAST PERIOD 64
FIGURE 16 APAC TO ACCOUNT FOR THE LARGEST SHARE OF THE COLLABORATIVE ROBOT MARKET IN 2021 65
4 PREMIUM INSIGHTS 67
4.1 ATTRACTIVE OPPORTUNITIES IN THE COLLABORATIVE ROBOT MARKET 67
FIGURE 17 HIGH RETURN ON INVESTMENT (ROI) ON COLLABORATIVE ROBOTS COMPARED TO TRADITIONAL INDUSTRIAL ROBOTIC SYSTEMS IS EXPECTED TO FUEL MARKET GROWTH 67
4.2 COLLABORATIVE ROBOT MARKET, BY PAYLOAD 67
FIGURE 18 MARKET FOR COLLABORATIVE ROBOTS WITH PAYLOAD CAPACITY 5-10 KG TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 67
4.3 COLLABORATIVE ROBOT MARKET, BY APPLICATION 68
FIGURE 19 HANDLING APPLICATION TO HOLD THE LARGEST SHARE OF THE MARKET IN 2021 68
4.4 COLLABORATIVE ROBOT MARKET, BY INDUSTRY 68
FIGURE 20 AUTOMOTIVE INDUSTRY TO HOLD THE LARGEST SHARE OF THE COLLABORATIVE ROBOT MARKET IN 2021 68
4.5 COLLABORATIVE ROBOT MARKET IN APAC, BY INDUSTRY VS. BY COUNTRY/REGION 69
FIGURE 21 AUTOMOTIVE INDUSTRY AND CHINA TO HOLD LARGEST SHARE OF COLLABORATIVE ROBOT MARKET IN APAC, BY INDUSTRY AND COUNTRY, RESPECTIVELY, IN 2021 69
4.6 COLLABORATIVE ROBOT MARKET, BY COUNTRY 70
FIGURE 22 THE US TO HOLD THE LARGEST SHARE OF THE COLLABORATIVE ROBOT MARKET IN 2021 70
5 MARKET OVERVIEW 71
5.1 INTRODUCTION 71
5.2 EMERGING APPLICATIONS OF COLLABORATIVE ROBOTS 71
5.3 MARKET DYNAMICS 72
FIGURE 23 IMPACT OF DRIVERS AND OPPORTUNITIES ON THE COLLABORATIVE ROBOT MARKET 73
FIGURE 24 IMPACT OF RESTRAINTS AND CHALLENGES ON THE COLLABORATIVE ROBOT MARKET 74
5.3.1 DRIVERS 74
5.3.1.1 High return on investment as compared to the traditional industrial robotic system 74
5.3.1.2 Increasing demand in the e-commerce and logistics industries due to contingency of COVID-19 75
TABLE 3 GLOBAL E-COMMERCE SALES 76
TABLE 4 TOP 10 ECONOMIES IN THE B2C E-COMMERCE INDEX 2020 76
5.3.1.3 Collaborative robots to benefit businesses of all sizes 77
5.3.1.4 Increased ease of programming of collaborative robots 77
5.3.2 RESTRAINTS 78
5.3.2.1 Higher preference for low payload capacity traditional industrial robots over cobots in heavy-duty industries 78
5.3.3 OPPORTUNITIES 78
5.3.3.1 Collaborative robots paired with AMRs and AGVs to provide a significant market opportunity 78
5.3.3.2 Robots-as-a-Service model to accelerate the adoption of collaborative robots 79
5.3.3.3 Growing demand for automation in the healthcare industry post COVID-19 80
5.3.4 CHALLENGES 80
5.3.4.1 Payload and speed limitations of collaborative robots owing to their inherent design 80
5.3.4.2 Adapting to the new collaborative robot standards and rising cybersecurity challenges in connected robots 81
5.4 SUPPLY CHAIN ANALYSIS 81
FIGURE 25 SUPPLY CHAIN ANALYSIS OF ECOSYSTEM OF COLLABORATIVE ROBOTS:
R&D AND MANUFACTURING PHASES ADD MAXIMUM VALUE 81
5.4.1 PLANNING AND REVISING FUNDS 82
5.4.2 RESEARCH & DEVELOPMENT (R&D) 82
5.4.3 MANUFACTURING 83
5.4.4 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES 83
5.5 ECOSYSTEM/MARKET MAP 84
FIGURE 26 COLLABORATIVE ROBOT ECOSYSTEM 84
TABLE 5 PLAYERS AND THEIR ROLE IN THE ECOSYSTEM 84
5.5.1 COLLABORATIVE ROBOT OEMS 85
5.5.2 SUPPLIERS 85
5.5.3 ROBOT INTEGRATORS 85
5.5.4 DISTRIBUTORS 86
5.5.5 IT/BIG DATA COMPANIES 86
5.5.6 RESEARCH CENTERS 86
5.6 PORTER’S FIVE FORCES MODEL 86
TABLE 6 COLLABORATIVE ROBOT MARKET: PORTER’S FIVE FORCES ANALYSIS 86
FIGURE 27 COLLABORATIVE ROBOT MARKET: PORTER’S FIVE FORCES ANALYSIS 87
5.6.1 INTENSITY OF COMPETITIVE RIVALRY 87
5.6.2 BARGAINING POWER OF SUPPLIERS 87
5.6.3 BARGAINING POWER OF BUYERS 88
5.6.4 THREAT OF SUBSTITUTES 88
5.6.5 THREAT OF NEW ENTRANTS 88
5.7 TRENDS IMPACTING CUSTOMERS’ BUSINESS 88
FIGURE 28 SHIFT IN CLIENTS’ REVENUES: WITH EXTENDED LENS ON AUTOMOTIVE, ELECTRICAL & ELECTRONICS, PHARMACEUTICAL & COSMETICS, AND LOGISTICS INDUSTRIES 89
5.8 CASE STUDIES 89
5.8.1 AUTOMOTIVE 89
5.8.1.1 AUDI uses FANUC collaborative robots to check welds 89
5.8.1.2 Beijing BAI Lear Automotive System Co. Ltd. (BAI Lear) deployed collaborative robots from Universal Robots 89
5.8.1.3 Ford deploys three UR10 collaborative robots from Universal Robots for automated engine oil filling 89
5.8.1.4 BMW used KUKA LBR iiwa for insertion of components in car body construction 90
5.8.1.5 Nissan Motor Company deployed UR10 robots from Universal Robots at its Yokohama production plant 90
5.8.1.6 Ford Motor Company automated its vehicle production line with the KUKA LBR iiwa 90
5.8.1.7 ALPLA Corporation automated its production line using the UR3 and UR5 robots from Universal Robots 90
5.8.1.8 Robert Bosch used two APAS assistant robots in its utility vehicle production facility for diesel injection systems 90
5.8.1.9 Bajaj Auto Limited used robots from Universal Robots to automate the assembly line at its motorcycle manufacturing facility 90
5.8.2 ELECTRONICS 91
5.8.2.1 Blue Star Limited deploys collaborative robot UR10 from Universal Robots to pave the path for zero quality rejections 91
5.8.2.2 InPrint deploys collaborative robot from Universal Robots for optimizing pick and place application 91
5.8.2.3 Beyerdynamic used the UR3 and UR5 collaborative robots from Universal Robots to increase quality and productivity 91
5.8.2.4 ASM Assembly Systems used KUKA LBR iiwa robots to optimize its SMT lines for the electronics industry 91
5.8.2.5 ABB installed its YuMi collaborative robot at its Low Voltage Products plant in Jablonec nad Nisou, Czech Republic 91
5.8.2.6 ASM Assembly Systems installed the Sawyer robot from Rethink Robotics for factory automation 92
5.8.2.7 Robert Bosch installed its APAS robot production facility for
EPS control units for automotive steering systems 92
5.8.2.8 P4Q electronics increased its production throughput by 25%
by deploying smart, adaptable automation on the factory floor 92
5.8.3 METALS AND MACHINERY 92
5.8.3.1 All Axis Machining deployed the collaborative robot from Universal Robots for automation of legacy machines 92
5.8.3.2 Carl Zeiss India deployed the UR5 collaborative robot from Universal Robots for boosting the productivity 92
5.8.3.3 STAMIT deployed the UR10 collaborative robot from Universal Robots in a high-mix/low-volume production line 93
5.8.3.4 Fitzpatrick Manufacturing deployed the Sawyer robot for quality testing 93
5.8.3.5 Aircraft Tooling, Inc. installed collaborative robots from Universal Robots for metal powder and plasma spray processes 93
5.8.3.6 Stihl deployed the FANUC CR-35iA collaborative robot across the cut-off saw packaging line 93
5.8.3.7 BAUMRUK & BAUMRUK automated its process of loading smaller parts into milling centers 93
5.8.4 FURNITURE AND EQUIPMENT 94
5.8.4.1 ASSA ABLOY installed UR5 robot from Universal Robots to overcome workplace health and safety challenges 94
5.8.4.2 Etalex installed the UR10 robot from Universal Robots for pick and place of metal parts 94
5.8.4.3 ModuForm deployed the Sawyer robot from Rethink Robotics to overcome the shortage of workers 94
5.8.4.4 Acron Sales Company installed the Sawyer robot from Rethink Robotics to maintain throughput, improve product quality, and reduce reliance on outside suppliers 94
5.8.4.5 Assa Abloy automated the assembly and packaging line for high-volume hinges with the Sawyer robot from Rethink Robotics 94
5.8.4.6 Voodoo Manufacturing used collaborative robots from Universal Robots to automate its additive manufacturing process 95
5.8.5 PLASTICS AND POLYMERS 95
5.8.5.1 2K Trend A.S. deployed Universal Robot’s UR10 to solve labor shortage and automate production 95
5.8.5.2 Cox Container deployed Rethink Robotics’ Sawyer robot to boost factory productivity 95
5.8.5.3 Plastic Molded Concepts (PMC) deployed Rethink Robotics’ Sawyer robot to boost the efficiency of its molding machines 95
5.8.5.4 Harrison Manufacturing installed Rethink Robotics’ Sawyer at its facility in Jackson, Mississippi 96
5.8.5.5 Tennplasco installed Rethink Robotics’ Sawyer to gain a competitive advantage in the injection molding market 96
5.8.5.6 Trelleborg Sealing Solution automated machine tending of CNC machines with 42 collaborative robots from Universal Robots 96
5.8.6 PERSONAL ASSIST 96
5.8.6.1 ISAK GmbH is exploring the potential of human-robot collaboration across the assembly process 96
5.8.6.2 RCM Industries deployed Universal Robots to contain the risk of COVD-19 outbreak within its facility 96
5.8.7 FOOD AND BEVERAGE 97
5.8.7.1 Cascina Italia deploys collaborative robots from Universal Robots for improving efficiency 97
5.8.7.2 Orkla foods deploys collaborative robot UR10 from Universal Robot to streamline production and packaging 97
5.8.7.3 Bischofszell Nahrungsmittel AG used the collaborative robot YuMi from ABB for achieving accuracy in labelling process 97
5.8.7.4 Rieber GmbH & Co. KG used an APAS assistant from Robert Bosch for process and logistics automation in industrial kitchens 97
5.8.7.5 Atria Scandinavia optimized labeling, packaging, and palletizing tasks with collaborative robots 98
5.8.7.6 Cascina Italia improved the flexibility and operational efficiency of its business with the UR5 robot from Universal Robots 98
5.8.8 PHARMA AND CHEMISTRY 98
5.8.8.1 Glidewell Laboratories used collaborative robots to optimize its production time 98
5.8.8.2 Copenhagen University Hospital used collaborative robots for handling and sorting blood samples for analysis 98
5.8.8.3 Glide Laboratories used collaborative robots to facilitate machine tending tasks for the quick manufacturing of dental crowns 98
5.8.8.4 MARKA used collaborative robots for precise positioning and tightening of bottle caps 99
5.8.9 EDUCATION 99
5.8.9.1 PSG College of Technology (India) incorporated a collaborative robot from Universal Robot in their robotics program 99
5.8.9.2 University of Edinburgh’s EPSRC Centre for Doctoral Training (CDT) purchased a pair of Baxter robots from Rethink Robotics 99
5.8.9.3 University of Hertfordshire deployed Baxter Robots from Rethink Robotics at the School of Computer Science 99
5.8.10 SCIENTIFIC RESEARCH 100
5.8.10.1 iQLANDIA Science Centre (Czech Republic) deployed Universal Robot for an exhibition with the purpose of displaying advancements in robotic technology 100
5.8.10.2 AGH University of Science and Technology (Poland) deployed robots from Universal Robots for a specialized robotics station 100
5.8.10.3 Aurolab deployed collaborative robots for automating material handling and pick-and-place tasks 100
5.8.11 OTHERS 100
5.8.11.1 LEM Optical integrated collaborative robots for optimizing laser marking and dispensing processes 100
5.9 TECHNOLOGY ANALYSIS 101
5.9.1 KEY TECHNOLOGY 101
5.9.1.1 Integration of embedded vision with collaborative robots 101
5.9.1.2 Integration of mobile robot technology with collaborative robots 101
 
5.9.2 COMPLEMENTARY TECHNOLOGY 102
5.9.2.1 Penetration of Industrial Internet of Things (IIoT) and AI in industrial manufacturing 102
5.9.2.2 Adoption of innovative grippers in robotics manipulation 103
5.9.3 ADJACENT TECHNOLOGY 103
5.9.3.1 Penetration of 5G in industrial manufacturing 103
5.10 TRADE ANALYSIS 104
5.10.1 IMPORT SCENARIO 104
5.10.1.1 Import scenario for industrial robots 104
TABLE 7 INDUSTRIAL ROBOTS IMPORTS, 2012–2020 (USD MILLION) 105
5.10.2 EXPORT SCENARIO 105
5.10.2.1 Export scenario for industrial robots 105
TABLE 8 INDUSTRIAL ROBOTS EXPORTS, 2012–2020 (USD MILLION) 105
5.10.3 PATENT ANALYSIS 106
TABLE 9 PATENTS FILED FOR VARIOUS TYPES OF COLLABORATIVE ROBOTS,
2018–2020 106
FIGURE 29 COLLABORATIVE ROBOTS PATENTS PUBLISHED BETWEEN 2010 AND 2020 112
FIGURE 30 TOP 10 COMPANIES WITH THE HIGHEST NO. OF PATENT APPLICATIONS DURING 2010–2020 112
5.11 TARIFFS 113
TABLE 10 MFN TARIFFS FOR INDUSTRIAL ROBOT EXPORTED BY US 113
TABLE 11 MFN TARIFFS FOR INDUSTRIAL ROBOT EXPORTED BY CHINA 114
5.11.1 POSITIVE IMPACT OF TARIFFS ON INDUSTRIAL ROBOTS 114
5.11.2 NEGATIVE IMPACT OF TARIFFS ON INDUSTRIAL ROBOTS 114
5.11.3 REGULATIONS AND STANDARDS 114
5.11.3.1 Regulations and standards in North American countries 114
5.11.3.2 Regulations and standards in European countries 115
5.11.3.3 Regulations and standards in APAC countries 115
5.11.3.4 Regulations and standards governing collaborative robots 115
5.12 AVERAGE SELLING PRICE TREND 116
TABLE 12 AVERAGE SELLING PRICES OF VARIOUS INDUSTRIAL ROBOTS BASED ON PAYLOAD CAPACITY 116
FIGURE 31 AVERAGE SELLING PRICE TREND FOR COLLABORATIVE ROBOTS WITH VARIOUS PAYLOAD CAPACITIES 117
FIGURE 32 AVERAGE SELLING PRICE TREND OF COBOTS ADOPTED IN VARIOUS INDUSTRIES 118
6 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD 119
6.1 INTRODUCTION 120
TABLE 13 COLLABORATIVE ROBOT MARKET, BY PAYLOAD, 2017–2020 (USD MILLION) 120
FIGURE 33 COBOTS WITH PAYLOAD CAPACITY UP TO 5 KG TO HOLD THE LARGEST SHARE OF THE MARKET DURING THE FORECAST PERIOD 120
TABLE 14 COLLABORATIVE ROBOT MARKET, BY PAYLOAD, 2021–2027 (USD MILLION) 120
TABLE 15 COLLABORATIVE ROBOT MARKET, BY PAYLOAD, 2017–2020 (UNITS) 121
TABLE 16 COLLABORATIVE ROBOT MARKET, BY PAYLOAD, 2021–2027 (UNITS) 121
6.2 UP TO 5 KG 122
6.2.1 COBOTS WITH PAYLOAD CAPACITY BELOW 5 KG ARE INHERENTLY SAFE 122
TABLE 17 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY UP TO 5 KG 122
TABLE 18 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG,
BY APPLICATION, 2017–2020 (USD MILLION) 123
TABLE 19 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG,
BY APPLICATION, 2021–2027 (USD MILLION) 123
TABLE 20 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG,
BY APPLICATION, 2017–2020 (UNITS) 124
TABLE 21 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG,
BY APPLICATION, 2021–2027 (UNITS) 124
TABLE 22 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG, BY INDUSTRY, 2017–2020 (USD MILLION) 125
TABLE 23 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG, BY INDUSTRY, 2021–2027 (USD MILLION) 125
6.3 5–10 KG 126
6.3.1 MOST COBOTS WITH 5–10 KG PAYLOAD CAPACITY CAN BE EQUIPPED WITH IN-BUILT FORCE SENSORS 126
TABLE 24 COMPANIES OFFERING COBOTS WITH 5–10 KG PAYLOAD CAPACITY 127
TABLE 25 COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2017–2020 (USD MILLION) 127
TABLE 26 COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2021–2027 (USD MILLION) 128
TABLE 27 COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2017–2020 (UNITS) 128
TABLE 28 COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2021–2027 (UNITS) 129
TABLE 29 COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY INDUSTRY, 2017–2020 (USD MILLION) 129
TABLE 30 COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY INDUSTRY, 2021–2027 (USD MILLION) 130
6.4 MORE THAN 10 KG 131
6.4.1 ADVANCES IN ROBOTIC HARDWARE ENABLING MANUFACTURERS TO DEVELOP COLLABORATIVE ROBOTS WITH A PAYLOAD CAPACITY ABOVE 10 KG 131
TABLE 31 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY MORE THAN 10 KG 131
TABLE 32 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY APPLICATION, 2017–2020 (USD MILLION) 132
TABLE 33 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY APPLICATION, 2021–2027 (USD MILLION) 132
TABLE 34 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY APPLICATION, 2017–2020 (UNITS) 132
TABLE 35 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY APPLICATION, 2021–2027 (UNITS) 133
TABLE 36 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY INDUSTRY, 2017–2020 (USD MILLION) 133
TABLE 37 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY INDUSTRY, 2021–2027 (USD MILLION) 134
7 COLLABORATIVE ROBOT (COBOT) MARKET, BY COMPONENT 136
7.1 INTRODUCTION 137
TABLE 38 COLLABORATIVE ROBOT MARKET, BY COMPONENT,
2017–2020 (USD MILLION) 137
TABLE 39 COLLABORATIVE ROBOT MARKET, BY COMPONENT,
2021–2027 (USD MILLION) 137
7.2 HARDWARE 138
TABLE 40 COLLABORATIVE ROBOT MARKET FOR HARDWARE, BY COMPONENT,
2017–2020 (USD MILLION) 139
FIGURE 34 ROBOTIC ARM TO HOLD THE LARGEST SHARE OF MARKET FOR HARDWARE COMPONENT DURING THE FORECAST PERIOD 139
TABLE 41 COLLABORATIVE ROBOT MARKET FOR HARDWARE, BY COMPONENT,
2021–2027 (USD MILLION) 140
7.2.1 ROBOTIC ARM 141
7.2.1.1 Robotic arm design is defined by ISO/TS 15066 standard 141
7.2.2 END EFFECTOR OR END OF ARM TOOL (EOAT) 141
7.2.2.1 Welding Guns 141
7.2.2.1.1 Hand guidance feature of collaborative robots makes welding tasks easier 141
TABLE 42 PLAYERS MANUFACTURING ROBOTIC WELDING GUNS 142
7.2.2.2 Grippers 142
7.2.2.2.1 Pneumatic 143
7.2.2.2.1.1 Pneumatic grippers require an external air supply to operate 143
7.2.2.2.2 Electric 143
7.2.2.2.2.1 Electric grippers are the easiest to program and operate compared to other grippers 143
TABLE 43 PLAYERS MANUFACTURING ELECTRIC GRIPPERS 144
7.2.2.2.3 Dexterous robotic hand 144
7.2.2.2.3.1 4-Finger Robotic Hand may be used without a robotic arm 144
7.2.2.2.3.2 5-Finger Robotic Hands are used in combination with industrial as well as collaborative robotic arms 144
7.2.2.2.4 Vacuum 145
7.2.2.2.4.1 Vacuum grippers can easily handle uneven and large area workpieces 145
7.2.2.2.5 Magnetic 145
7.2.2.2.5.1 Magnetic grippers are not as popular as other types of grippers 145
TABLE 44 PLAYERS MANUFACTURING MAGNETIC GRIPPERS 145
7.2.2.3 Robotic Screwdrivers 146
7.2.2.3.1 Robotic screwdrivers apply consistent torque during screwdriving 146
 
7.2.2.4 Sanding and deburring tools 146
7.2.2.4.1 Sanding and deburring tools are used for material removal 146
7.2.2.5 Others 146
7.2.2.5.1 Others include specialty and hybrid end effectors 146
7.2.3 DRIVES 147
7.2.3.1 Drives convert electrical energy into mechanical energy 147
7.2.4 CONTROLLERS 147
7.2.4.1 Controllers carry out necessary instructions required to operate cobots 147
7.2.5 SENSORS 147
7.2.5.1 Sensors help in measurement and translation of information into meaningful data 147
7.2.6 POWER SUPPLY 148
7.2.6.1 Most cobots operate at 24 V or 48 V 148
7.2.7 MOTORS 148
7.2.7.1 Cobots are fitted with light but powerful motors 148
7.2.8 OTHERS 148
7.3 SOFTWARE 149
7.3.1 COBOT MANUFACTURERS INVEST SUBSTANTIAL EFFORTS TO DEVELOP INTUITIVE PROGRAMMING SOFTWARE 149
8 COLLABORATIVE ROBOT MARKET, BY APPLICATION 150
8.1 INTRODUCTION 151
TABLE 45 COLLABORATIVE ROBOT MARKET RANKING ANALYSIS, BY APPLICATION 151
TABLE 46 COLLABORATIVE ROBOT MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 151
FIGURE 35 MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 152
TABLE 47 COLLABORATIVE ROBOT MARKET, BY APPLICATION,
2021–2027 (USD MILLION) 152
TABLE 48 COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2017–2020 (UNITS) 152
TABLE 49 COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2021–2027 (UNITS) 153
8.2 HANDLING 154
TABLE 50 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR HANDLING APPLICATION 154
TABLE 51 COLLABORATIVE ROBOT MARKET FOR HANDLING APPLICATION,
BY INDUSTRY, 2017–2020 (USD MILLION) 154
TABLE 52 COLLABORATIVE ROBOT MARKET FOR HANDLING APPLICATION,
BY INDUSTRY, 2021–2027 (USD MILLION) 155
TABLE 53 COLLABORATIVE ROBOT MARKET FOR HANDLING APPLICATION, BY PAYLOAD, 2017–2020 (USD MILLION) 155
TABLE 54 COLLABORATIVE ROBOT MARKET FOR HANDLING APPLICATION, BY PAYLOAD, 2021–2027 (USD MILLION) 155
TABLE 55 COLLABORATIVE ROBOT MARKET FOR HANDLING APPLICATION, BY PAYLOAD, 2017–2020 (UNITS) 156
TABLE 56 COLLABORATIVE ROBOT MARKET FOR HANDLING APPLICATION, BY PAYLOAD, 2021–2027 (UNITS) 156
8.2.1 PICK AND PLACE 157
8.2.1.1 Pick and place task is the easiest to program for first-time users 157
8.2.2 MATERIAL HANDLING 157
8.2.2.1 Material handling consists of order fulfilment using mobile units 157
8.2.3 PACKAGING AND PALLETIZING 157
8.2.3.1 Packing and palletizing often require medium payload cobots 157
8.2.4 MACHINE TENDING 157
8.2.4.1 Cobots are used alongside CNC, injection, and blow molding machines 157
TABLE 57 COLLABORATIVE ROBOT MARKET FOR HANDLING, BY APPLICATION,
2017–2020 (USD MILLION) 158
FIGURE 36 MARKET FOR MATERIAL HANDLING TASKS TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 158
TABLE 58 COLLABORATIVE ROBOT MARKET FOR HANDLING, BY APPLICATION,
2021–2027 (USD MILLION) 158
8.3 ASSEMBLING & DISASSEMBLING 159
TABLE 59 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR ASSEMBLING & DISASSEMBLING APPLICATION 159
8.3.1 SCREWDRIVING 160
8.3.1.1 Cobots can handle torque forces required for screwdriving applications 160
8.3.2 NUT FASTENING 160
8.3.2.1 Cobots suitable for nut fastening on medium and large workpieces 160
TABLE 60 COLLABORATIVE ROBOT MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION, BY INDUSTRY, 2017–2020 (USD THOUSAND) 160
TABLE 61 COLLABORATIVE ROBOT MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION, BY INDUSTRY, 2021–2027 (USD THOUSAND) 161
TABLE 62 COLLABORATIVE ROBOT MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION, BY PAYLOAD, 2017–2020 (USD MILLION) 161
TABLE 63 COLLABORATIVE ROBOT MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION, BY PAYLOAD, 2021–2027 (USD MILLION) 161
TABLE 64 COLLABORATIVE ROBOT MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION, BY PAYLOAD, 2017–2020 (UNITS) 162
TABLE 65 COLLABORATIVE ROBOT MARKET FOR ASSEMBLING & DISASSEMBLING ASSEMBLING & DISASSEMBLING APPLICATION, BY PAYLOAD,
2021–2027 (UNITS) 162
8.4 WELDING AND SOLDERING 163
8.4.1 WELDING AND SOLDERING IS A NICHE APPLICATION FOR COBOTS 163
TABLE 66 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR WELDING & SOLDERING APPLICATION 163
TABLE 67 COLLABORATIVE ROBOT MARKET FOR WELDING AND SOLDERING APPLICATION, BY INDUSTRY, 2017–2020 (USD THOUSAND) 163
TABLE 68 COLLABORATIVE ROBOT MARKET FOR WELDING AND SOLDERING APPLICATION, BY INDUSTRY, 2021–2027 (USD THOUSAND) 164
TABLE 69 COLLABORATIVE ROBOT MARKET FOR WELDING AND SOLDERING APPLICATION, BY PAYLOAD, 2017–2020 (USD THOUSAND) 164
TABLE 70 COLLABORATIVE ROBOT MARKET FOR WELDING AND SOLDERING APPLICATION, BY PAYLOAD, 2021–2027 (USD THOUSAND) 164
TABLE 71 COLLABORATIVE ROBOT MARKET FOR WELDING AND SOLDERING APPLICATION, BY PAYLOAD 2017–2020 (UNITS) 165
TABLE 72 COLLABORATIVE ROBOT MARKET FOR WELDING AND SOLDERING APPLICATION, BY PAYLOAD 2021–2027 (UNITS) 165
8.5 DISPENSING 166
TABLE 73 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR DISPENSING APPLICATION 166
8.5.1 GLUING 167
8.5.1.1 Robotic gluing ensures quality and consistency of application 167
8.5.2 PAINTING 167
8.5.2.1 Cobot painting is suitable for low volume production 167
TABLE 74 COLLABORATIVE ROBOT MARKET FOR DISPENSING APPLICATION,
BY INDUSTRY, 2017–2020 (USD THOUSAND) 167
TABLE 75 COLLABORATIVE ROBOT MARKET FOR DISPENSING APPLICATION,
BY INDUSTRY, 2021–2027 (USD THOUSAND) 168
TABLE 76 COLLABORATIVE ROBOT MARKET FOR DISPENSING APPLICATION,
BY PAYLOAD, 2017–2020 (USD MILLION) 168
TABLE 77 COLLABORATIVE ROBOT MARKET FOR DISPENSING APPLICATION,
BY PAYLOAD, 2021–2027 (USD MILLION) 168
TABLE 78 COLLABORATIVE ROBOT MARKET FOR DISPENSING APPLICATION,
BY PAYLOAD, 2017–2020 (UNITS) 169
TABLE 79 COLLABORATIVE ROBOT MARKET FOR DISPENSING APPLICATION,
BY PAYLOAD, 2021–2027 (UNITS) 169
8.6 PROCESSING 170
TABLE 80 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR PROCESSING APPLICATION 170
8.6.1 GRINDING 170
8.6.1.1 For grinding tasks, a force/torque sensor is often used along with end effector 170
8.6.2 MILLING 171
8.6.2.1 Milling tasks consist of deburring, chamfering, and scraping operations 171
8.6.3 CUTTING 171
8.6.3.1 Cobots are being used for cutting applications on a very small scale 171
TABLE 81 COLLABORATIVE ROBOT MARKET FOR PROCESSING APPLICATION,
BY INDUSTRY, 2017–2020 (USD THOUSAND) 171
TABLE 82 COLLABORATIVE ROBOT MARKET FOR PROCESSING APPLICATION,
BY INDUSTRY, 2021–2027 (USD THOUSAND) 172
TABLE 83 COLLABORATIVE ROBOT MARKET FOR PROCESSING APPLICATION,
BY PAYLOAD, 2017–2020 (USD MILLION) 172
TABLE 84 COLLABORATIVE ROBOT MARKET FOR PROCESSING APPLICATION,
BY PAYLOAD, 2021–2027 (USD MILLION) 172
TABLE 85 COLLABORATIVE ROBOT MARKET FOR PROCESSING APPLICATION,
BY PAYLOAD, 2017–2020 (UNITS) 173
TABLE 86 COLLABORATIVE ROBOT MARKET FOR PROCESSING APPLICATION,
BY PAYLOAD, 2021–2027 (UNITS) 173
TABLE 87 COLLABORATIVE ROBOT MARKET FOR PROCESSING, BY APPLICATION, 2017–2020 (USD MILLION) 174
FIGURE 37 GRINDING TASKS TO HOLD THE LARGEST SHARE OF THE MARKET FOR PROCESSING APPLICATION DURING THE FORECAST PERIOD 174
TABLE 88 COLLABORATIVE ROBOT MARKET FOR PROCESSING, BY APPLICATION, 2021–2027 (USD MILLION) 174
8.7 OTHERS 175
TABLE 89 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR OTHER APPLICATIONS 175
8.7.1 INSPECTION AND QUALITY TESTING 176
8.7.1.1 Cobots can inspect complex shaped objects alongside human workers 176
8.7.2 DIE-CASTING AND MOLDING 176
8.7.2.1 Cobots are ideal for automating injection molding tasks 176
TABLE 90 COLLABORATIVE ROBOT MARKET FOR OTHER APPLICATIONS, BY INDUSTRY, 2017–2020 (USD THOUSAND) 176
TABLE 91 COLLABORATIVE ROBOT MARKET FOR OTHER APPLICATIONS, BY INDUSTRY, 2021–2027 (USD THOUSAND) 177
TABLE 92 COLLABORATIVE ROBOT MARKET FOR OTHER APPLICATIONS, BY PAYLOAD, 2017–2020 (USD MILLION) 177
TABLE 93 COLLABORATIVE ROBOT MARKET FOR OTHER APPLICATIONS, BY PAYLOAD, 2021–2027 (USD MILLION) 177
TABLE 94 COLLABORATIVE ROBOT MARKET FOR OTHER APPLICATIONS, BY PAYLOAD, 2017–2020 (UNITS) 178
TABLE 95 COLLABORATIVE ROBOT MARKET FOR OTHER APPLICATIONS, BY PAYLOAD, 2021–2027 (UNITS) 178
8.8 IMPACT OF COVID-19 ON COLLABORATIVE ROBOT APPLICATION 179
8.8.1 MOST IMPACTED APPLICATION 179
FIGURE 38 IMPACT OF COVID-19 ON COLLABORATIVE ROBOT MARKET FOR WELDING & SOLDERING APPLICATION 179
TABLE 96 GLOBAL SALES OF VEHICLES FOR 2019-2020 (UNITS) 180
8.8.2 LEAST IMPACTED APPLICATION 180
FIGURE 39 IMPACT OF COVID-19 ON COLLABORATIVE ROBOT MARKET FOR DISPENSING APPLICATION 180
9 COLLABORATIVE ROBOT MARKET, BY INDUSTRY 181
9.1 INTRODUCTION 182
TABLE 97 COLLABORATIVE ROBOT MARKET SIZE, BY INDUSTRY,
2017–2020 (USD MILLION) 182
FIGURE 40 MARKET IN ELECTRONICS INDUSTRY TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 182
TABLE 98 COLLABORATIVE ROBOT MARKET SIZE, BY INDUSTRY,
2021–2027 (USD MILLION) 183
TABLE 99 COLLABORATIVE ROBOT MARKET SIZE, BY INDUSTRY, 2017–2020 (UNITS) 183
TABLE 100 COLLABORATIVE ROBOT MARKET SIZE, BY INDUSTRY, 2021–2027 (UNITS) 184
 
9.2 AUTOMOTIVE 185
9.2.1 COLLABORATIVE ROBOTS ARE BEING USED TO PERFORM LIGHT AND REPETITIVE TASKS 185
TABLE 101 COLLABORATIVE ROBOT MARKET SIZE IN AUTOMOTIVE INDUSTRY,
BY REGION, 2017–2020 (USD MILLION) 185
FIGURE 41 COBOT MARKET FOR AUTOMOTIVE INDUSTRY IN APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 186
TABLE 102 COLLABORATIVE ROBOT MARKET SIZE IN AUTOMOTIVE INDUSTRY,
BY REGION, 2021–2027 (USD MILLION) 186
TABLE 103 COLLABORATIVE ROBOT MARKET SIZE IN AUTOMOTIVE INDUSTRY,
BY APPLICATION, 2017–2020 (USD MILLION) 187
TABLE 104 COLLABORATIVE ROBOT MARKET SIZE IN AUTOMOTIVE INDUSTRY,
BY APPLICATION, 2021–2027 (USD MILLION) 187
TABLE 105 COLLABORATIVE ROBOT MARKET SIZE IN AUTOMOTIVE INDUSTRY,
BY PAYLOAD, 2017–2020 (USD MILLION) 187
TABLE 106 COLLABORATIVE ROBOT MARKET FOR AUTOMOTIVE INDUSTRY, BY PAYLOAD, 2021–2027 (USD MILLION) 188
9.3 ELECTRONICS 189
9.3.1 COLLABORATIVE ROBOTS CAN HANDLE SMALL AND FRAGILE COMPONENTS IN ELECTRONICS INDUSTRY 189
TABLE 107 COLLABORATIVE ROBOT MARKET SIZE IN ELECTRONICS INDUSTRY,
BY REGION, 2017–2020 (USD MILLION) 189
TABLE 108 COLLABORATIVE ROBOT MARKET SIZE IN ELECTRONICS INDUSTRY,
BY REGION, 2021–2027 (USD MILLION) 190
TABLE 109 COLLABORATIVE ROBOT MARKET SIZE IN ELECTRONICS INDUSTRY,
BY APPLICATION, 2017–2020 (USD MILLION) 190
TABLE 110 COLLABORATIVE ROBOT MARKET SIZE IN ELECTRONICS INDUSTRY,
BY APPLICATION, 2021–2027 (USD MILLION) 190
TABLE 111 COLLABORATIVE ROBOT MARKET SIZE IN ELECTRONICS INDUSTRY,
BY PAYLOAD, 2017–2020 (USD MILLION) 191
TABLE 112 COLLABORATIVE ROBOT MARKET SIZE IN ELECTRONICS INDUSTRY,
BY PAYLOAD, 2021–2027 (USD MILLION) 191
9.4 METALS & MACHINING 192
9.4.1 COLLABORATIVE ROBOTS ARE USED ALONGSIDE CNC AND OTHER HEAVY MACHINERY TO AUTOMATE VARIOUS TASKS 192
TABLE 113 COLLABORATIVE ROBOT MARKET SIZE IN METALS & MACHINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 192
FIGURE 42 APAC TO HOLD LARGEST SHARE OF MARKET IN METALS & MACHINING INDUSTRY IN 2021 193
TABLE 114 COLLABORATIVE ROBOT MARKET SIZE IN METALS & MACHINING INDUSTRY, BY REGION, 2021–2027 (USD MILLION) 193
TABLE 115 COLLABORATIVE ROBOT MARKET SIZE IN METALS & MACHINING INDUSTRY, BY APPLICATION, 2017–2020 (USD MILLION) 193
TABLE 116 COLLABORATIVE ROBOT MARKET SIZE IN METALS & MACHINING INDUSTRY, BY APPLICATION, 2021–2027 (USD MILLION) 194
TABLE 117 COLLABORATIVE ROBOT MARKET SIZE IN METALS & MACHINING INDUSTRY, BY PAYLOAD, 2017–2020 (USD MILLION) 194
TABLE 118 COLLABORATIVE ROBOT MARKET SIZE IN METALS & MACHINING INDUSTRY, BY PAYLOAD, 2021–2027 (USD MILLION) 194
9.5 PLASTICS & POLYMERS 195
9.5.1 COLLABORATIVE ROBOTS ARE DEPLOYED ALONGSIDE INJECTION AND BLOW MOLDING MACHINES 195
TABLE 119 COLLABORATIVE ROBOT MARKET SIZE IN PLASTICS & POLYMERS INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 196
TABLE 120 COLLABORATIVE ROBOT MARKET SIZE IN PLASTICS & POLYMERS INDUSTRY, BY REGION, 2021–2027 (USD MILLION) 196
TABLE 121 COLLABORATIVE ROBOT MARKET SIZE IN PLASTICS & POLYMERS INDUSTRY, BY APPLICATION, 2017–2020 (USD MILLION) 197
TABLE 122 COLLABORATIVE ROBOT MARKET SIZE IN PLASTICS & POLYMERS INDUSTRY, BY APPLICATION, 2021–2027 (USD MILLION) 197
TABLE 123 COLLABORATIVE ROBOT MARKET SIZE IN PLASTICS & POLYMERS INDUSTRY, BY PAYLOAD, 2017–2020 (USD MILLION) 197
TABLE 124 COLLABORATIVE ROBOT MARKET SIZE IN PLASTICS & POLYMERS INDUSTRY, BY PAYLOAD, 2021–2027 (USD MILLION) 198
9.6 FOOD & BEVERAGES 199
9.6.1 COLLABORATIVE ROBOTS ARE USED IN FOOD INDUSTRY FOR BOTH PRIMARY AND SECONDARY HANDLING APPLICATIONS 199
TABLE 125 COLLABORATIVE ROBOT MARKET SIZE IN FOOD & BEVERAGES INDUSTRY,
BY REGION, 2017–2020 (USD MILLION) 199
FIGURE 43 APAC TO WITNESS HIGHEST CAGR FOR COBOT MARKET IN FOOD & BEVERAGES INDUSTRY 200
TABLE 126 COLLABORATIVE ROBOT MARKET SIZE IN FOOD & BEVERAGES INDUSTRY,
BY REGION, 2021–2027 (USD MILLION) 200
TABLE 127 COLLABORATIVE ROBOT MARKET SIZE IN FOOD & BEVERAGES INDUSTRY,
BY APPLICATION, 2017–2020 (USD MILLION) 201
TABLE 128 COLLABORATIVE ROBOT MARKET SIZE IN FOOD & BEVERAGES INDUSTRY,
BY APPLICATION, 2021–2027 (USD MILLION) 201
TABLE 129 COLLABORATIVE ROBOT MARKET SIZE IN FOOD & BEVERAGES INDUSTRY,
BY PAYLOAD, 2017–2020 (USD MILLION) 201
TABLE 130 COLLABORATIVE ROBOT MARKET SIZE IN FOOD & BEVERAGES INDUSTRY,
BY PAYLOAD, 2021–2027 (USD MILLION) 202

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

Rating: 

1 User License $4,950

Publication Date:  March, 2022

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

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

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# of Pages:        184

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Publication Date:  March, 2022

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