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Surface Inspection Market with COVID-19 Impact Analysis, by Component, Surface Type (2D and 3D), System (Computer-based and Camera-based), Deployment ...

Publisher:        MarketsandMarkets

# of Pages:        426

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1 User License $4,950

Publication Date:  September, 2021

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1 INTRODUCTION 46
1.1 STUDY OBJECTIVES 46
1.2 DEFINITION AND SCOPE 46
1.2.1 INCLUSIONS AND EXCLUSIONS 47
1.3 STUDY SCOPE 48
FIGURE 1 SURFACE INSPECTION MARKET SEGMENTATION 48
1.3.1 YEARS CONSIDERED FOR THE STUDY 49
1.4 CURRENCY 49
1.5 STAKEHOLDERS 49
1.6 SUMMARY OF CHANGES 50
2 RESEARCH METHODOLOGY 51
2.1 RESEARCH DATA 51
FIGURE 2 SURFACE INSPECTION MARKET: RESEARCH DESIGN 51
2.1.1 SECONDARY DATA 52
2.1.1.1 Major secondary sources 52
2.1.1.2 Key data from secondary sources 53
2.1.2 PRIMARY DATA 54
2.1.2.1 Key data from primary sources 54
2.1.2.2 Breakdown of primaries 55
2.1.3 SECONDARY AND PRIMARY RESEARCH 56
2.1.3.1 Key industry insights 57
2.2 MARKET SIZE ESTIMATION 57
2.2.1 BOTTOM-UP APPROACH 58
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY (APPROACH 1 – BOTTOM-UP (DEMAND SIDE)): DEMAND FOR SURFACE INSPECTION SYSTEMS IN THE US FROM AUTOMOTIVE VERTICAL 58
FIGURE 4 SURFACE INSPECTION MARKET: BOTTOM-UP APPROACH 59
2.2.2 TOP-DOWN APPROACH 59
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY (APPROACH 2 (SUPPLY SIDE)): REVENUE GENERATED FROM PRODUCTS IN THE SURFACE INSPECTION MARKET 60
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (APPROACH 2 (SUPPLY SIDE)): ILLUSTRATION OF REVENUE ESTIMATION FOR ONE OF THE COMPANIES IN THE SURFACE INSPECTION MARKET 61
FIGURE 7 SURFACE INSPECTION MARKET: TOP-DOWN APPROACH 61
2.2.3 MARKET PROJECTIONS 62
TABLE 1 MARKET GROWTH ASSUMPTIONS 62
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 63
FIGURE 8 DATA TRIANGULATION 63
 
2.4 RESEARCH ASSUMPTIONS 64
2.5 LIMITATIONS 64
2.6 RISK ASSESSMENT 65
3 EXECUTIVE SUMMARY 66
FIGURE 9 GLOBAL PROPAGATION OF COVID-19 67
TABLE 2 RECOVERY SCENARIOS FOR THE GLOBAL ECONOMY 68
3.1 REALISTIC SCENARIO 68
3.2 OPTIMISTIC SCENARIO 69
3.3 PESSIMISTIC SCENARIO 69
FIGURE 10 GROWTH PROJECTIONS OF SURFACE INSPECTION MARKET: REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 69
FIGURE 11 CAMERAS TO HOLD THE LARGEST SHARE OF THE SURFACE INSPECTION MARKET DURING THE FORECAST PERIOD 70
FIGURE 12 2D SYSTEMS EXPECTED TO DOMINATE THE SURFACE INSPECTION MARKET DURING THE FORECAST PERIOD 71
FIGURE 13 COMPUTER-BASED SYSTEMS EXPECTED TO ACCOUNT FOR A LARGER SHARE OF THE SURFACE INSPECTION MARKET DURING THE FORECAST PERIOD 72
FIGURE 14 TRADITIONAL SYSTEMS ARE PROJECTED TO DOMINATE THE SURFACE INSPECTION MARKET DURING THE FORECAST PERIOD 72
FIGURE 15 THE SURFACE INSPECTION MARKET FOR THE AUTOMOTIVE VERTICAL IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 73
FIGURE 16 APAC WAS THE LARGEST MARKET FOR SURFACE INSPECTION IN 2020 74
4 PREMIUM INSIGHTS 75
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE SURFACE INSPECTION MARKET 75
FIGURE 17 INCREASING WAGES AND DEMAND FOR ELECTRICAL AND ELECTRONIC DEVICES HAVE FUELED THE MARKET GROWTH 75
4.2 SURFACE INSPECTION MARKET, BY SYSTEM 75
FIGURE 18 THE COMPUTER-BASED SEGMENT ESTIMATED TO HOLD A LARGER SHARE OF THE SURFACE INSPECTION MARKET IN 2021 75
4.3 SURFACE INSPECTION MARKET, BY DEPLOYMENT TYPE 76
FIGURE 19 TRADITIONAL SYSTEMS ESTIMATED TO HOLD A LARGER SHARE OF THE SURFACE INSPECTION MARKET IN 2021 76
4.4 SURFACE INSPECTION MARKET IN APAC, BY VERTICAL & BY COUNTRY 76
FIGURE 20 SEMICONDUCTOR VERTICAL AND CHINA ARE ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET IN APAC IN 2021 76
4.5 SURFACE INSPECTION MARKET, BY VERTICAL 77
FIGURE 21 THE AUTOMOTIVE SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 77
4.6 SURFACE INSPECTION MARKET, BY TOP COUNTRIES 77
FIGURE 22 THE MARKET IN THE US IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 77
 
5 MARKET OVERVIEW 78
5.1 INTRODUCTION 78
5.2 MARKET DYNAMICS 78
FIGURE 23 DRIVERS, RESTRAINTS, OPPORTUNITIES & CHALLENGES 78
5.2.1 DRIVERS 79
FIGURE 24 IMPACT OF DRIVERS ON THE SURFACE INSPECTION MARKET 79
5.2.1.1 Increase in adoption of smart cameras, enhanced software, and powerful image processors owing to their benefits and features 79
5.2.1.2 Increase in wages of the manual workforce in various countries 81
FIGURE 25 AVERAGE ANNUAL WAGES IN CHINA BETWEEN 2010 AND 2020 81
FIGURE 26 AVERAGE ANNUAL WAGES IN EUROPE, 2015 & 2020 82
5.2.1.3 Increased demand for electrical and electronic devices 82
FIGURE 27 PATENTS FOR ELECTRICAL AND ELECTRONICS APPLICATION-BASED SURFACE INSPECTION SYSTEMS, 2010-2020 83
FIGURE 28 ELECTRICAL & ELECTRONIC EQUIPMENT EXPORTS DATA IN 2020 84
5.2.1.4 Initiatives by governments and public-private companies to mitigate COVID-19 impact 84
TABLE 3 TECHNOLOGICAL PROJECTS (ROBOTIC VISION SYSTEM) TO AID IN
COVID-19 RECOVERY 85
TABLE 4 INITIATIVES OFFERED BY COMPANIES IN THE FIGHT AGAINST COVID-19 86
5.2.2 RESTRAINTS 87
FIGURE 29 IMPACT OF RESTRAINTS ON SURFACE INSPECTION MARKET 87
5.2.2.1 Scarcity of technically skilled workers interferes with the proper integration of surface inspection systems in various industries 87
5.2.2.2 Interoperability issues and difficulty in integration of different robotic frameworks with existing facilities 88
5.2.3 OPPORTUNITIES 88
FIGURE 30 IMPACT OF OPPORTUNITIES ON SURFACE INSPECTION MARKET 88
5.2.3.1 Increase in adoption of collaborative robots (cobots) owing to their benefits and features 89
FIGURE 31 COLLABORATIVE ROBOTS VISION SYSTEM PATENTS FROM 2010–2020 89
5.2.3.2 Integration of surface inspection system with the industrial internet of things (IIoT), artificial intelligence (AI), and cloud 89
5.2.3.3 Increasing adoption in the food & beverage industry 90
FIGURE 32 PATENTS FOR FOOD & BEVERAGE APPLICATION-BASED SURFACE INSPECTION SYSTEM, 2010-2020 91
5.2.4 CHALLENGES 91
FIGURE 33 IMPACT OF CHALLENGES ON SURFACE INSPECTION MARKET 91
5.2.4.1 Increase in the complexity of the product design and manufacturing 92
5.2.4.2 Functional and operational challenges with surface inspection system 93
5.3 SUPPLY CHAIN ANALYSIS 94
FIGURE 34 SUPPLY CHAIN ANALYSIS OF SURFACE INSPECTION MARKET ECOSYSTEM: R&D AND MANUFACTURING PHASE CONTRIBUTE MAXIMUM VALUE 94
5.3.1 PLANNING AND REVISING FUND 95
5.3.2 RESEARCH & DEVELOPMENT 95
5.3.3 MANUFACTURING 95
5.3.4 ASSEMBLY, DISTRIBUTION & AFTER-SALES SERVICES 96
5.4 ECOSYSTEM 96
FIGURE 35 SURFACE INSPECTION ECOSYSTEM 97
TABLE 5 LIST OF COMPANIES AND THEIR ROLE IN SURFACE INSPECTION ECOSYSTEM 97
5.5 TRENDS IMPACTING CUSTOMERS’ BUSINESS 99
FIGURE 36 SHIFT IN CLIENTS’ REVENUES: LENS ON AUTOMOTIVE, ELECTRICAL & ELECTRONICS, SEMICONDUCTOR, AND MEDICAL & PHARMACEUTICAL INDUSTRIES 99
5.6 CASE STUDIES 99
5.6.1 AUTOMOTIVE 100
5.6.1.1 STEMMER IMAGING (Germany) integrated vision camera, processors, and software from Teledyne DALSA (Canada) with lighting equipment from Smart Vision Lights (US) to create a vision solution for an automotive assembly process 100
5.6.1.2 Bluewrist (Canada) offered an automated 3D robotic inspection system for cradle quality control inspection in the automotive industry covering 32 features per cycle in under 13 seconds 101
5.6.2 SEMICONDUCTORS 102
5.6.2.1 Detection of quality issues in low-volume PCB assemblies with an FH series vision-integrated cobot system by OMRON (Japan) 102
5.6.2.2 Allied Vision’s Mako and Manta cameras are used in hard disk drive case quality control and inspection 103
5.6.3 FOOD & PACKAGING 104
5.6.3.1 Newbaze Ireland Nutrition employs automated traceability through Datalogic (Italy) and AIS (Spain) vision solutions to meet stringent regulations 104
5.6.3.2 Suntory PepsiCo (Vietnam), a global beverage and wellness company, relies on Matrox Electronic Systems (Canada) Imaging OCR software and a vision controller to power critical production-line identification and verification 105
5.7 PORTER’S FIVE FORCES ANALYSIS 106
FIGURE 37 PORTER’S FIVE FORCES ANALYSIS 106
TABLE 6 SURFACE INSPECTION MARKET: PORTER’S FIVE FORCES ANALYSIS 106
5.7.1 THREAT OF NEW ENTRANTS 107
5.7.2 THREAT OF SUBSTITUTES 108
5.7.3 BARGAINING POWER OF BUYERS 108
5.7.4 BARGAINING POWER OF SUPPLIERS 109
5.7.5 DEGREE OF COMPETITION 109
5.8 TECHNOLOGY TRENDS 110
5.8.1 KEY TECHNOLOGIES 110
5.8.1.1 Advancements in CMOS technology make them increasingly appealing for industrial machine 110
5.8.1.2 Emergence of mobile/portable vision systems 111
 
5.8.2 COMPLEMENTARY TECHNOLOGY 112
5.8.2.1 The growing advancement in AI and deep learning is enabling new capabilities of a vision system 112
5.8.3 ADJACENT TECHNOLOGY 113
5.8.3.1 Modular smart camera designs offer flexibility with the selection of lenses and lighting equipment for multipurpose applications 113
5.9 AVERAGE SELLING PRICE ANALYSIS 114
TABLE 7 AVERAGE SELLING PRICES OF KEY COMPONENTS OF A SURFACE INSPECTION SYSTEM 114
TABLE 8 AVERAGE SELLING PRICES OF SURFACE INSPECTION SYSTEMS OFFERED BY ISRA VISION AND VITRONIC, BASED ON THE NUMBER OF CAMERAS ADOPTED 115
FIGURE 38 ASP TREND FOR SURFACE INSPECTION SYSTEMS BASED ON NUMBER OF CAMERAS 115
FIGURE 39 ASP TREND FOR SURFACE INSPECTION SYSTEMS BASED ON SYSTEM TYPE 116
FIGURE 40 ASP TREND FOR SURFACE INSPECTION SYSTEMS BASED ON SURFACE TYPE 116
5.10 TRADE ANALYSIS 117
5.10.1 IMPORT SCENARIO 117
5.10.1.1 Import scenario for the surface inspection market 117
TABLE 9 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 903180 (INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING OR CHECKING), 2011–2020 (USD MILLION) 118
FIGURE 41 IMPORT DATA FOR INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING OR CHECKING (INCLUDING SURFACE INSPECTION SYSTEM), 2016-2020 118
5.10.2 EXPORT SCENARIO 119
5.10.2.1 Export scenario for surface inspection market 119
TABLE 10 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 903180 (INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING OR CHECKING), 2011–2020 (USD MILLION) 119
FIGURE 42 EXPORT DATA FOR INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING OR CHECKING (INCLUDING SURFACE INSPECTION SYSTEM), 2016-2020 120
5.11 PATENT ANALYSIS 120
TABLE 11 PATENTS FILED FOR VARIOUS TYPES OF SURFACE INSPECTION SYSTEMS, 2018–2020 120
FIGURE 43 FILED PATENTS FOR SURFACE INSPECTION SYSTEMS, 2010-2020 125
FIGURE 44 TOP 10 COMPANIES WITH THE HIGHEST NO. OF PATENT APPLICATIONS, 2010–2020 125
5.12 TARIFFS AND REGULATIONS 126
5.12.1 TARIFFS 126
TABLE 12 US: MFN TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING OR CHECKING (INCLUDING SURFACE INSPECTION SYSTEM) EXPORTED, BY KEY COUNTRY 126
TABLE 13 CHINA: MFN TARIFFS FOR INSTRUMENTS, APPLIANCES AND MACHINES FOR MEASURING OR CHECKING (INCLUDING SURFACE INSPECTION SYSTEM) EXPORTED, BY KEY COUNTRY 127
5.12.1.1 Positive impact of tariffs on surface inspection system 127
5.12.1.2 Negative impact of tariffs on the surface inspection system 127
5.12.2 REGULATIONS AND STANDARDS 127
5.12.2.1 Leading associations for machine vision-based inspection systems 128
6 SURFACE INSPECTION MARKET, BY COMPONENT 130
6.1 INTRODUCTION 131
TABLE 14 SURFACE INSPECTION MARKET, BY COMPONENT,
2017–2020 (USD MILLION) 131
FIGURE 45 MARKET FOR SOFTWARE EXPECTED TO GROW AT HIGHEST RATE DURING THE FORECAST PERIOD 132
TABLE 15 SURFACE INSPECTION MARKET, BY COMPONENT,
2021–2026 (USD MILLION) 132
6.2 CAMERAS 133
TABLE 16 CAMERAS MARKET, BY SURFACE TYPE, 2017–2020 (USD MILLION) 133
TABLE 17 CAMERAS MARKET, BY SURFACE TYPE, 2021–2026 (USD MILLION) 133
TABLE 18 CAMERAS MARKET, BY REGION, 2017–2020 (USD MILLION) 134
FIGURE 46 APAC TO LEAD THE MARKET FOR CAMERAS DURING THE FORECAST PERIOD 134
TABLE 19 CAMERAS MARKET, BY REGION, 2021–2026 (USD MILLION) 134
6.2.1 FRAME RATES 135
6.2.1.1 Cameras with frame rate between 25 and 125 fps have extensive application in the automobile industry 135
TABLE 20 CAMERAS MARKET, BY FRAME RATE, 2017–2020 (USD MILLION) 135
FIGURE 47 CAMERAS WITH FRAME RATE >125 FPS ARE EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 136
TABLE 21 CAMERAS MARKET, BY FRAME RATE, 2021–2026 (USD MILLION) 136
6.2.2 FORMATS 137
TABLE 22 CAMERAS MARKET, BY FORMAT, 2017–2020 (USD MILLION) 137
FIGURE 48 LINE SCAN CAMERAS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 137
TABLE 23 CAMERAS MARKET, BY FORMAT, 2021–2026 (USD MILLION) 137
6.2.2.1 Area scan cameras 138
6.2.2.1.1 Area scan cameras are mainly used for 3D imaging technologies 138
6.2.2.2 Line scan cameras 138
6.2.2.2.1 Line scan cameras are used for inspection of high-speed objects in motion 138
6.2.3 SENSING TECHNOLOGY 139
TABLE 24 CAMERAS MARKET, BY SENSING TECHNOLOGY, 2017–2020 (USD MILLION) 139
FIGURE 49 CMOS SENSORS PROJECTED TO LEAD THE MARKET FOR CAMERAS DURING THE FORECAST PERIOD 139
TABLE 25 CAMERAS MARKET, BY SENSING TECHNOLOGY, 2021–2026 (USD MILLION) 139
6.2.3.1 CCD sensors 140
6.2.3.1.1 CCD sensors have advanced gradually in terms of device designing, and fabrication technology 140
 
6.2.3.2 CMOS sensors 140
6.2.3.2.1 CMOS sensors offer low fabrication cost, power efficiency, reduced imaging system size, and camera-on-a-chip integration 140
6.2.3.3 CCD & CMOS cameras 141
6.2.3.3.1 CMOS sensor-based cameras held the largest share of the surface inspection market in 2020 and are expected to grow at higher CAGR during the forecast period 141
TABLE 26 CCD VS. CMOS CAMERAS 141
6.2.4 INTERFACE STANDARDS 141
TABLE 27 CAMERAS MARKET, BY INTERFACE STANDARD, 2017–2020 (USD MILLION) 142
FIGURE 50 MARKET FOR GIGE INTERFACE STANDARD IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 142
TABLE 28 CAMERAS MARKET, BY INTERFACE STANDARD, 2021–2026 (USD MILLION) 142
6.2.4.1 Camera link 143
6.2.4.1.1 Camera link offers a high data transmission rate, easy product interoperability, and compatibility with small-sized connectors and cables 143
6.2.4.2 GigE 144
6.2.4.2.1 GigE offers interoperability over hardware and software from different vendors 144
6.2.4.3 USB 3.0 144
6.2.4.3.1 USB is popular due to advantages such as plug and play interface and power over the cable 144
6.2.4.4 CoaXPress 145
6.2.4.4.1 CoaXPress interface does not use fiber optic cable, thus limiting speed, cable length, and cost 145
6.2.4.5 Others 145
6.2.4.6 Comparison between various interface standards 145
TABLE 29 COMPARISON BETWEEN INTERFACE STANDARDS 145
6.2.5 IMAGING TECHNOLOGY 145
TABLE 30 CAMERAS MARKET, BY IMAGING TECHNOLOGY, 2017–2020 (USD MILLION) 146
FIGURE 51 THE MARKET FOR TIME-OF-FLIGHT (TOF) CAMERAS IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 146
TABLE 31 CAMERAS MARKET, BY IMAGING TECHNOLOGY, 2021–2026 (USD MILLION) 146
6.2.5.1 Structured light 147
6.2.5.1.1 Structured light systems allow vision systems to calculate the depth, geometric construction, and surface information of the object 147
6.2.5.2 Time-of-flight 147
6.2.5.2.1 Time-of-flight system cameras can sense the 3D shape of an object, allowing for robust detection of defects and external objects 147
6.2.5.3 Stereo vision 148
6.2.5.3.1 Stereo vision systems can be deployed without the use of lasers or LEDs and can perform effectively in most ambient lighting conditions 148
6.2.5.4 Comparison between various imaging technologies 148
TABLE 32 COMPARISON BETWEEN VARIOUS IMAGING TECHNOLOGIES 148
6.3 FRAME GRABBERS 149
6.3.1 NEW FRAME GRABBER TECHNOLOGY CAN CAPTURE MULTIPLE INPUTS AT ONCE, TRANSFORM IMAGES, AND PERFORM REAL-TIME COMPRESSION 149
TABLE 33 FRAME GRABBERS MARKET, BY REGION, 2017–2020 (USD MILLION) 149
TABLE 34 FRAME GRABBERS MARKET, BY REGION, 2021–2026 (USD MILLION) 149
TABLE 35 FRAME GRABBERS MARKET, BY SURFACE TYPE, 2017–2020 (USD MILLION) 150
FIGURE 52 3D FRAME GRABBERS ARE EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 150
TABLE 36 FRAME GRABBERS MARKET, BY SURFACE TYPE, 2021–2026 (USD MILLION) 150
6.4 OPTICS 151
6.4.1 OPTICS ENHANCES THE FOCUS OF A CAMERA, AND LIQUID LENS TECHNOLOGY ENABLES TO ADJUST ELECTRONICALLY FOR DIFFERENT FOCAL LENGTHS 151
TABLE 37 OPTICS MARKET, BY REGION, 2017–2020 (USD MILLION) 151
TABLE 38 OPTICS MARKET, BY REGION, 2021–2026 (USD MILLION) 152
TABLE 39 OPTICS MARKET, BY SURFACE TYPE, 2017–2020 (USD MILLION) 152
FIGURE 53 3D OPTICS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 152
TABLE 40 OPTICS MARKET, BY SURFACE TYPE, 2021–2026 (USD MILLION) 153
6.5 LIGHTING EQUIPMENT 153
6.5.1 LIGHTING IS REQUIRED TO IMPROVE THE QUALITY OF IMAGES CAPTURED BY THE CAMERA 153
TABLE 41 LIGHTING EQUIPMENT MARKET, BY REGION, 2017–2020 (USD MILLION) 154
TABLE 42 LIGHTING EQUIPMENT MARKET, BY REGION, 2021–2026 (USD MILLION) 154
TABLE 43 LIGHTING EQUIPMENT MARKET, BY SURFACE TYPE,
2017–2020 (USD MILLION) 154
FIGURE 54 2D LIGHTING EQUIPMENT EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 155
TABLE 44 LIGHTING EQUIPMENT MARKET, BY SURFACE TYPE,
2021–2026 (USD MILLION) 155
6.6 PROCESSORS 155
6.6.1 FPGAS OFFER THE POTENTIAL FOR THE HIGHEST PERFORMANCE IN A SURFACE INSPECTION SYSTEM 155
TABLE 45 PROCESSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 156
FIGURE 55 APAC EXPECTED TO LEAD THE MARKET FOR PROCESSORS DURING THE FORECAST PERIOD 156
TABLE 46 PROCESSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 157
TABLE 47 PROCESSORS MARKET, BY SURFACE TYPE, 2017–2020 (USD MILLION) 157
TABLE 48 PROCESSORS MARKET, BY SURFACE TYPE, 2021–2026 (USD MILLION) 157
6.7 SOFTWARE 158
6.7.1 DEEP LEARNING ALLOWS FOR THE RAPID IDENTIFICATION OF DEFECTIVE PARTS AND PRODUCTS THAT MUST BE REMOVED FROM THE ASSEMBLY 158
TABLE 49 SOFTWARE MARKET, BY REGION, 2017–2020 (USD MILLION) 159
TABLE 50 SOFTWARE MARKET, BY REGION, 2021–2026 (USD MILLION) 159
TABLE 51 SOFTWARE MARKET, BY SURFACE TYPE, 2017–2020 (USD MILLION) 159
FIGURE 56 3D SURFACE INSPECTION SOFTWARE TO GROW AT HIGHER CAGR DURING THE FORECAST PERIOD 160
TABLE 52 SOFTWARE MARKET, BY SURFACE TYPE, 2021–2026 (USD MILLION) 160
6.8 OTHERS 160
TABLE 53 OTHER COMPONENTS MARKET, BY REGION, 2017–2020 (USD MILLION) 161
TABLE 54 OTHER COMPONENTS MARKET, BY REGION, 2021–2026 (USD MILLION) 161
TABLE 55 OTHER COMPONENTS MARKET, BY SURFACE TYPE,
2017–2020 (USD MILLION) 161
FIGURE 57 2D SYSTEMS TO DOMINATE THE OTHER COMPONENTS MARKET DURING THE FORECAST PERIOD 162
TABLE 56 OTHER COMPONENTS MARKET, BY SURFACE TYPE,
2021–2026 (USD MILLION) 162
7 SURFACE INSPECTION MARKET, BY SURFACE TYPE 163
7.1 INTRODUCTION 164
TABLE 57 SURFACE INSPECTION MARKET, BY SURFACE TYPE, 2017–2020 (USD MILLION) 164
FIGURE 58 MARKET FOR 3D SYSTEMS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 164
TABLE 58 SURFACE INSPECTION MARKET, BY SURFACE TYPE, 2021–2026 (USD MILLION) 165
TABLE 59 SURFACE INSPECTION MARKET, BY SURFACE TYPE, 2017–2020 (UNITS) 165
TABLE 60 SURFACE INSPECTION MARKET, BY SURFACE TYPE, 2021–2026 (UNITS) 165
7.2 2D 166
7.2.1 2D SYSTEMS DETECT DEFECTS THROUGH SHADE, COLOR, AND PATTERN DIFFERENCES 166
TABLE 61 COMPANIES MANUFACTURING 2D SURFACE INSPECTION SYSTEMS 166
TABLE 62 2D SURFACE INSPECTION MARKET, BY SYSTEM, 2017–2020 (USD MILLION) 167
FIGURE 59 2D SURFACE INSPECTION MARKET FOR CAMERA-BASED SYSTEMS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 167
TABLE 63 2D SURFACE INSPECTION MARKET, BY SYSTEM, 2021–2026 (USD MILLION) 167
TABLE 64 2D SURFACE INSPECTION MARKET, BY SYSTEM, 2017–2020 (UNITS) 168
TABLE 65 2D SURFACE INSPECTION MARKET, BY SYSTEM, 2021–2026 (UNITS) 168
TABLE 66 2D SURFACE INSPECTION MARKET, BY REGION, 2017–2020 (USD MILLION) 169
FIGURE 60 APAC TO HOLD LARGEST SHARE OF 2D SURFACE INSPECTION MARKET DURING FORECAST PERIOD 169
TABLE 67 2D SURFACE INSPECTION MARKET, BY REGION, 2021–2026 (USD MILLION) 169
TABLE 68 2D SURFACE INSPECTION MARKET, BY REGION, 2017–2020 (UNITS) 170
TABLE 69 2D SURFACE INSPECTION MARKET, BY REGION, 2021–2026 (UNITS) 170
TABLE 70 2D SURFACE INSPECTION MARKET, BY COMPONENT,
2017–2020 (USD MILLION) 171
FIGURE 61 CAMERAS TO HOLD LARGEST SHARE OF 2D SURFACE INSPECTION MARKET DURING FORECAST PERIOD 171
TABLE 71 2D SURFACE INSPECTION MARKET, BY COMPONENT,
2021–2026 (USD MILLION) 172
TABLE 72 2D SURFACE INSPECTION MARKET, BY VERTICAL,
2017–2020 (USD MILLION) 173
FIGURE 62 AUTOMOTIVE VERTICAL TO HOLD LARGEST SHARE OF 2D SURFACE INSPECTION MARKET BY 2026 173
TABLE 73 2D SURFACE INSPECTION MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 174
7.3 3D 174
7.3.1 3D SYSTEMS ARE CONTRAST INVARIANTS AND ENABLE STABLE DETECTION OF MINUTE DENTS AND FLAWS 174
TABLE 74 COMPANIES MANUFACTURING 3D SURFACE INSPECTION SYSTEMS 175
TABLE 75 3D SURFACE INSPECTION MARKET, BY SYSTEM, 2017–2020 (USD MILLION) 175
FIGURE 63 CAMERA-BASED SYSTEMS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 176
TABLE 76 3D SURFACE INSPECTION MARKET, BY SYSTEM, 2021–2026 (USD MILLION) 176
TABLE 77 3D SURFACE INSPECTION MARKET, BY SYSTEM, 2017–2020 (UNITS) 176
TABLE 78 3D SURFACE INSPECTION MARKET, BY SYSTEM, 2021–2026 (UNITS) 177
TABLE 79 3D SURFACE INSPECTION MARKET, BY REGION, 2017–2020 (USD MILLION) 177
FIGURE 64 3D SURFACE INSPECTION MARKET IN APAC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 178
TABLE 80 3D SURFACE INSPECTION MARKET, BY REGION, 2021–2026 (USD MILLION) 178
TABLE 81 3D SURFACE INSPECTION MARKET, BY REGION, 2017–2020 (UNITS) 178
TABLE 82 3D SURFACE INSPECTION MARKET, BY REGION, 2021–2026 (UNITS) 179
TABLE 83 3D SURFACE INSPECTION MARKET, BY COMPONENT,
2017–2020 (USD MILLION) 179
FIGURE 65 MARKET FOR SOFTWARE TO GROW AT THE HIGHEST RATE DURING FORECAST PERIOD 180
TABLE 84 3D SURFACE INSPECTION MARKET, BY COMPONENT,
2021–2026 (USD MILLION) 180
TABLE 85 3D SURFACE INSPECTION MARKET, BY VERTICAL,
2017–2020 (USD MILLION) 181
FIGURE 66 AUTOMOTIVE VERTICAL TO HOLD LARGEST SHARE OF 3D SURFACE INSPECTION MARKET DURING FORECAST PERIOD 182
TABLE 86 3D SURFACE INSPECTION MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 182
7.4 COMPARISON BETWEEN 3D AND 2D SURFACE INSPECTION SYSTEMS 183
TABLE 87 COMPARISON BETWEEN 3D AND 2D SURFACE INSPECTION SYSTEMS 183
7.5 COVID-19 IMPACT ON VARIOUS SURFACE TYPES 183
7.5.1 MOST IMPACTED SURFACE TYPE 184
FIGURE 67 IMPACT OF COVID-19 ON THE 2D SURFACE INSPECTION MARKET 184
7.5.2 LEAST IMPACTED SURFACE TYPE 185
FIGURE 68 IMPACT OF COVID-19 ON THE 3D SURFACE INSPECTION MARKET 185
 
8 SURFACE INSPECTION MARKET, BY SYSTEM 186
8.1 INTRODUCTION 187
TABLE 88 SURFACE INSPECTION MARKET, BY SYSTEM, 2017–2020 (USD MILLION) 187
FIGURE 69 CAMERA-BASED SURFACE INSPECTION SYSTEMS ARE EXPECTED TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD 187
TABLE 89 SURFACE INSPECTION MARKET, BY SYSTEM, 2021–2026 (USD MILLION) 187
TABLE 90 SURFACE INSPECTION MARKET, BY SYSTEM, 2017–2020 (UNITS) 188
TABLE 91 SURFACE INSPECTION MARKET, BY SYSTEM, 2021–2026 (UNITS) 188
8.2 COMPUTER-BASED SYSTEMS 188
8.2.1 COMPUTER-BASED SYSTEMS HANDLE COMPLEX OPERATIONS AT RELATIVELY HIGH SPEED WITH POWERFUL PROCESSORS 188
TABLE 92 COMPUTER-BASED SURFACE INSPECTION SYSTEMS MARKET, BY REGION, 2017–2020 (USD MILLION) 189
FIGURE 70 APAC TO LEAD THE COMPUTER-BASED SURFACE INSPECTION SYSTEMS MARKET DURING THE FORECAST PERIOD 190
TABLE 93 COMPUTER-BASED SURFACE INSPECTION SYSTEMS MARKET, BY REGION, 2021–2026 (USD MILLION) 190
TABLE 94 COMPUTER-BASED SURFACE INSPECTION SYSTEMS MARKET, BY SURFACE TYPE, 2017–2020 (USD MILLION) 191
FIGURE 71 3D COMPUTER-BASED SURFACE INSPECTION SYSTEMS EXPECTED TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD 191
TABLE 95 COMPUTER-BASED SURFACE INSPECTION SYSTEMS MARKET, BY SURFACE TYPE, 2021–2026 (USD MILLION) 191
TABLE 96 COMPUTER-BASED SURFACE INSPECTION SYSTEMS MARKET, BY SURFACE TYPE, 2017–2020 (UNITS) 192
TABLE 97 COMPUTER-BASED SURFACE INSPECTION SYSTEMS MARKET, BY SURFACE TYPE, 2021–2026 (UNITS) 192
TABLE 98 COMPUTER-BASED SURFACE INSPECTION SYSTEMS MARKET, BY VERTICAL, 2017–2020 (USD MILLION) 193
FIGURE 72 AUTOMOTIVE VERTICAL EXPECTED TO LEAD COMPUTER-BASED SURFACE INSPECTION SYSTEMS MARKET DURING FORECAST PERIOD 193
TABLE 99 COMPUTER-BASED SURFACE INSPECTION SYSTEMS MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 194
8.3 CAMERA-BASED SYSTEMS 194
8.3.1 CAMERA-BASED SYSTEMS UTILIZE INTELLIGENT PROCESSORS TO PROCESS AND ANALYZE IMAGES, LIGHTING, AND CABLES FOR INPUT & OUTPUT CAPABILITIES 194
TABLE 100 CAMERA-BASED SURFACE INSPECTION SYSTEMS MARKET, BY REGION, 2017–2020 (USD MILLION) 195
FIGURE 73 APAC IS EXPECTED TO LEAD THE CAMERA-BASED SURFACE INSPECTION SYSTEMS MARKET DURING THE FORECAST PERIOD 196
TABLE 101 CAMERA-BASED SURFACE INSPECTION SYSTEMS MARKET, BY REGION, 2021–2026 (USD MILLION) 196
TABLE 102 CAMERA-BASED SURFACE INSPECTION SYSTEMS MARKET, BY SURFACE TYPE, 2017–2020 (USD MILLION) 197
FIGURE 74 3D CAMERA-BASED SYSTEMS ARE EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 197
TABLE 103 CAMERA-BASED SURFACE INSPECTION SYSTEMS MARKET, BY SURFACE TYPE, 2021–2026 (USD MILLION) 197
TABLE 104 CAMERA-BASED SURFACE INSPECTION SYSTEMS MARKET, BY SURFACE TYPE, 2017–2020 (UNITS) 198
TABLE 105 CAMERA-BASED SURFACE INSPECTION SYSTEMS MARKET, BY SURFACE TYPE, 2021–2026 (UNITS) 198
TABLE 106 CAMERA-BASED SURFACE INSPECTION SYSTEMS MARKET, BY VERTICAL, 2017–2020 (USD MILLION) 199
FIGURE 75 SEMICONDUCTOR VERTICAL TO HOLD THE LARGEST SHARE OF CAMERA-BASED SURFACE INSPECTION SYSTEMS MARKET DURING THE FORECAST PERIOD 199
TABLE 107 CAMERA-BASED SURFACE INSPECTION SYSTEMS MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 200
9 SURFACE INSPECTION MARKET, BY DEPLOYMENT TYPE 201
9.1 INTRODUCTION 202
FIGURE 76 MARKET FOR ROBOTIC CELLS TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD 202
TABLE 108 SURFACE INSPECTION MARKET, BY DEPLOYMENT TYPE,
2017–2020 (USD MILLION) 202
TABLE 109 SURFACE INSPECTION MARKET, BY DEPLOYMENT TYPE,
2021–2026 (USD MILLION) 203
9.2 TRADITIONAL SYSTEMS 203
9.2.1 ADVANTAGES LIKE EASE OF CUSTOMIZATION AND ABILITY TO OPERATE WITH MULTIPLE CAMERAS TO DRIVE DEMAND 203
9.3 ROBOTIC CELLS 204
9.3.1 GROWING ADOPTION OF COBOTS WORLDWIDE TO DRIVE DEMAND 204
10 SURFACE INSPECTION MARKET, BY VERTICAL 205
10.1 INTRODUCTION 206
TABLE 110 SURFACE INSPECTION MARKET, BY VERTICAL, 2017–2020 (USD MILLION) 206
FIGURE 77 SURFACE INSPECTION MARKET FOR AUTOMOTIVE VERTICAL EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 207
TABLE 111 SURFACE INSPECTION MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 207
FIGURE 78 MARKET SHARE COMPARISON FOR EACH VERTICAL, BY SURFACE TYPE, IN 2020 208
10.2 SEMICONDUCTOR 209
TABLE 112 SURFACE INSPECTION MARKET FOR SEMICONDUCTOR VERTICAL,
BY SURFACE TYPE, 2017–2020 (USD MILLION) 209
TABLE 113 SURFACE INSPECTION MARKET FOR SEMICONDUCTOR VERTICAL,
BY SURFACE TYPE, 2021–2026 (USD MILLION) 209
TABLE 114 SURFACE INSPECTION MARKET FOR SEMICONDUCTOR VERTICAL,
BY SYSTEM, 2017–2020 (USD MILLION) 210
TABLE 115 SURFACE INSPECTION MARKET FOR SEMICONDUCTOR VERTICAL,
BY SYSTEM, 2021–2026 (USD MILLION) 210
TABLE 116 SURFACE INSPECTION MARKET FOR SEMICONDUCTOR VERTICAL,
BY REGION, 2017–2020 (USD MILLION) 210
FIGURE 79 APAC TO HOLD LARGEST SHARE OF SURFACE INSPECTION MARKET FOR SEMICONDUCTOR VERTICAL DURING FORECAST PERIOD 211
TABLE 117 SURFACE INSPECTION MARKET FOR SEMICONDUCTOR VERTICAL,
BY REGION, 2021–2026 (USD MILLION) 211
10.2.1 IR VISION-BASED INSPECTION 212
10.2.1.1 IR Vision technology is used to detect missing components, identify large crack and broken traces, and verify temperatures 212
10.2.2 MACRO-DEFECT INSPECTION 212
10.2.2.1 Employs both brightfield and darkfield inspection technologies to maximize detection of all critical macro-defects 212
10.2.3 ROBOT VISION-BASED INSPECTION 212
10.2.3.1 Robotic cells are best suited for handling complex assemblies and a plethora of tiny parts 212
10.2.4 PRINTED CIRCUIT BOARD (PCB) INSPECTION 213
10.2.4.1 Surface inspection systems inspect solder paste for slumped or scavenged print, bridging, and peaking 213
10.2.5 SEMICONDUCTOR FABRICATION INSPECTION 213
10.2.5.1 Surface inspection systems detect physical defects and pattern defects on wafers to determine their position coordinates 213
10.3 AUTOMOTIVE 213
TABLE 118 SURFACE INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY SURFACE TYPE, 2017–2020 (USD MILLION) 214
FIGURE 80 2D SYSTEMS TO DOMINATE THE SURFACE INSPECTION MARKET FOR AUTOMOTIVE VERTICAL DURING THE FORECAST PERIOD 214
TABLE 119 SURFACE INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY SURFACE TYPE, 2021–2026 (USD MILLION) 215
TABLE 120 SURFACE INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY SYSTEM, 2017–2020 (USD MILLION) 215
TABLE 121 SURFACE INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY SYSTEM, 2021–2026 (USD MILLION) 215
TABLE 122 SURFACE INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2017–2020 (USD MILLION) 216
TABLE 123 SURFACE INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2021–2026 (USD MILLION) 216
10.3.1 ASSEMBLY VERIFICATION 217
10.3.1.1 Customized point-&-click interface makes it simple for system operators and requires less labor training 217
10.3.2 FLAW DETECTION 217
10.3.2.1 Vision-based surface inspection is used to detect flaws in various processes and discover missing materials, chips, and loopholes 217
10.3.3 PRINT VERIFICATION 217
10.3.3.1 Surface inspection systems require flexible robotic surface inspection systems for verification of vehicle identification numbers (VINs) 217
10.3.4 INSPECTION OF PAINTED SURFACES 218
10.3.4.1 Paint defects can be automatically marked with marking robots, and offsets can be provided to automated polishing robots 218
 
10.3.5 INSPECTION OF CFRP AND GFRP CAR MATS 218
10.3.5.1 Mats are inspected for warp knitting defects, inhomogeneous powder application, incorrect gap width, and degree of sintering 218
10.3.6 INSPECTION OF WELD AND BRAZED SEAMS 218
10.3.6.1 Surface inspection system detects all welding defects in the car body 218
10.4 ELECTRICAL & ELECTRONICS 219
10.4.1 ROBOT-BASED SURFACE INSPECTION SYSTEMS PERFORM 360-DEGREE INSPECTIONS 219
TABLE 124 SURFACE INSPECTION MARKET FOR ELECTRICAL & ELECTRONICS VERTICAL, BY SURFACE TYPE, 2017–2020 (USD MILLION) 219
FIGURE 81 MARKET FOR 3D SURFACE INSPECTION FOR ELECTRICAL & ELECTRONICS VERTICAL TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 220
TABLE 125 SURFACE INSPECTION MARKET FOR ELECTRICAL & ELECTRONICS VERTICAL, BY SURFACE TYPE, 2021–2026 (USD MILLION) 220
TABLE 126 SURFACE INSPECTION MARKET FOR ELECTRICAL & ELECTRONICS VERTICAL, BY SYSTEM, 2017–2020 (USD MILLION) 221
TABLE 127 SURFACE INSPECTION MARKET FOR ELECTRICAL & ELECTRONICS VERTICAL, BY SYSTEM, 2021–2026 (USD MILLION) 221
TABLE 128 SURFACE INSPECTION MARKET FOR ELECTRICAL & ELECTRONICS VERTICAL, BY REGION, 2017–2020 (USD MILLION) 221
TABLE 129 SURFACE INSPECTION MARKET FOR ELECTRICAL & ELECTRONICS VERTICAL, BY REGION, 2021–2026 (USD MILLION) 222
10.5 GLASS & METAL 222
TABLE 130 SURFACE INSPECTION MARKET FOR GLASS & METAL VERTICAL,
BY SURFACE TYPE, 2017–2020 (USD MILLION) 223
FIGURE 82 MARKET FOR GLASS & METAL VERTICAL FOR 3D SURFACE INSPECTION TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD 223
TABLE 131 SURFACE INSPECTION MARKET FOR GLASS & METAL VERTICAL, BY SURFACE TYPE, 2021–2026 (USD MILLION) 223
TABLE 132 SURFACE INSPECTION MARKET FOR GLASS & METAL VERTICAL, BY SYSTEM, 2017–2020 (USD MILLION) 224
TABLE 133 SURFACE INSPECTION MARKET FOR GLASS & METAL VERTICAL, BY SYSTEM, 2021–2026 (USD MILLION) 224
TABLE 134 SURFACE INSPECTION MARKET FOR GLASS & METAL VERTICAL, BY REGION, 2017–2020 (USD MILLION) 224
TABLE 135 SURFACE INSPECTION MARKET FOR GLASS & METAL VERTICAL, BY REGION, 2021–2026 (USD MILLION) 225
10.5.1 CUT PLATE INSPECTION 225
10.5.1.1 Cut plate inspection improves operational efficiency, hastens tracing of defects, reduces wastage, and provides detailed statistical information 225
10.5.2 MIRRORED GLASS INSPECTION 226
10.5.2.1 Tests detection of pinholes in the silver layer, flaws in the paint layer, and verifying glass integrity 226
10.5.3 FLOAT GLASS INSPECTION 226
10.5.3.1 Inspection of surface properties, including coating, thickness, coating homogeneity, color variation, haze, and surface topology 226
 
10.5.4 COATED GLASS INSPECTION 226
10.5.4.1 Inspected for stains, cathode defects, crazing, scratches, and pinholes 226
10.5.5 LAMINATED GLASS INSPECTION 226
10.5.5.1 Inspected for bubbles, particle defects, lamination defects, cracks, and scratches 226
10.5.6 PRISTINE GLASS INSPECTION 226
10.5.6.1 Inspected for stains, scratches, stone defects, cracks, fingerprints, and coating defects 226
10.5.7 STRUCTURED SOLAR GLASS INSPECTION 227
10.5.7.1 Inspected for long and round bubble defects and glass chip defects 227
10.5.8 COATING 227
10.5.8.1 Surface inspection systems ensure a smooth surface before coating 227
10.5.9 COLD ROLLING 227
10.5.9.1 Roll speeds up to 7,000 ft per minute make surface inspection critical for cold rolling 227
10.5.10 CONVERTING 227
10.5.10.1 Edges are inspected to prevent damage at later stages 227
10.5.11 HOT ROLLING 227
10.5.11.1 Surface inspection systems are used to detect defects caused by sticking of roller to the hot metal sheet 227

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