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Smart Home Market with COVID-19 Impact Analysis by Product (Lighting Control, Security & Access Control, HVAC Control, Smart Speaker, Smart Kitchen, S...

Publisher:        MarketsandMarkets

# of Pages:        473

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1 User License $7,150

Publication Date:  September, 2021

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1 INTRODUCTION 61
1.1 STUDY OBJECTIVES 61
1.2 DEFINITION 62
1.2.1 INCLUSIONS AND EXCLUSIONS 62
1.3 MARKET SCOPE 62
1.3.1 MARKETS COVERED 63
FIGURE 1 MARKET SEGMENTATION 63
1.3.2 PRODUCTS COVERED UNDER EACH MAJOR CATEGORY 64
1.4 YEARS CONSIDERED 65
1.5 CURRENCY 65
1.6 STAKEHOLDERS 66
1.7 SUMMARY OF CHANGES 66
2 RESEARCH METHODOLOGY 68
2.1 RESEARCH DATA 68
FIGURE 2 SMART HOME MARKET: RESEARCH DESIGN 69
2.1.1 SECONDARY DATA 69
2.1.1.1 Major secondary sources 70
2.1.1.2 Key data from secondary sources 71
2.1.2 PRIMARY DATA 71
2.1.2.1 Key data from primary sources 72
2.1.2.2 Breakdown of primaries 73
2.1.3 SECONDARY AND PRIMARY RESEARCH 74
2.1.3.1 Key industry insights 75
2.2 MARKET SIZE ESTIMATION 75
2.2.1 BOTTOM-UP APPROACH 75
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—BOTTOM-UP (DEMAND SIDE) – DEMAND FOR SMART THERMOSTATS 76
FIGURE 4 SMART HOME MARKET: BOTTOM-UP APPROACH 76
2.2.2 TOP-DOWN APPROACH 77
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM SMART HOME PRODUCTS RELATED TO
HOME AUTOMATION 77
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE OF THE COMPANIES IN THE SMART HOME MARKET 78
FIGURE 7 SMART HOME MARKET: TOP-DOWN APPROACH 78
2.2.3 MARKET PROJECTIONS 78
TABLE 1 MARKET GROWTH ASSUMPTIONS 79
 
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 80
FIGURE 8 DATA TRIANGULATION 80
2.4 RESEARCH ASSUMPTIONS 81
2.5 LIMITATIONS 81
2.6 RISK ASSESSMENT 82
3 EXECUTIVE SUMMARY 83
FIGURE 9 ANNUAL AVERAGE GROWTH RATES OF ELECTRICITY DEMAND IN
KEY REGIONS, 2018–2020 84
FIGURE 10 TOTAL ENERGY CONSUMPTION, BREAKDOWN BY REGION, 2018–2020 85
FIGURE 11 BUILDINGS CLIMATE TRACKER (BCT): DECARBONIZATION INDEX TREND FOR BUILDINGS AND CONSTRUCTION (2015–2019) 85
FIGURE 12 GLOBAL SHARE OF BUILDINGS AND CONSTRUCTION FINAL
ENERGY AND EMISSIONS, 2019 86
TABLE 2 NEW RESIDENTIAL CONSTRUCTION IN US, AS OF JULY 2021 87
TABLE 3 CONSTRUCTION SPENDING IN US, JULY 2021 87
FIGURE 13 GLOBAL PROPAGATION OF COVID-19 88
TABLE 4 RECOVERY SCENARIOS FOR GLOBAL ECONOMY 88
3.1 REALISTIC SCENARIO 89
3.2 OPTIMISTIC SCENARIO 89
3.3 PESSIMISTIC SCENARIO 89
FIGURE 14 SMART HOME MARKET: GROWTH PROJECTION BY ADOPTING REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 90
FIGURE 15 IMPACT OF COVID-19 ON SMART HOME MARKET 90
FIGURE 16 ENTERTAINMENT AND OTHER CONTROLS TO ACCOUNT FOR LARGEST SIZE OF SMART HOME MARKET DURING FORECAST PERIOD 91
FIGURE 17 BEHAVIORAL SEGMENT IS EXPECTED TO ACCOUNT FOR LARGER
MARKET SHARE IN 2021 92
FIGURE 18 INDIRECT SALES CHANNEL TO DOMINATE SMART HOME MARKET
DURING FORECAST PERIOD 93
FIGURE 19 SMART FURNITURE SEGMENT TO REGISTER HIGHEST GROWTH
DURING FORECAST PERIOD 94
FIGURE 20 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF SMART
HOME MARKET IN 2021 95
4 PREMIUM INSIGHTS 96
4.1 ATTRACTIVE OPPORTUNITIES IN SMART HOME MARKET 96
FIGURE 21 INCREASING NUMBER OF INTERNET USERS AND GROWING
ADOPTION OF SMART DEVICES TO DRIVE SMART HOME MARKET GROWTH DURING FORECAST PERIOD 96
4.2 SMART HOME MARKET, BY PRODUCT 96
FIGURE 22 SMART FURNITURE SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 96
4.3 SMART HOME MARKET, BY SOFTWARE & SERVICE 97
FIGURE 23 PROACTIVE SEGMENT TO HOLD LARGER SHARE OF
SMART HOME MARKET IN 2021 97
4.4 SMART HOME MARKET, BY SALES CHANNEL 97
FIGURE 24 INDIRECT SALES CHANNEL TO HOLD LARGER SHARE OF
SMART HOME MARKET IN 2021 97
4.5 SMART HOME MARKET, BY PRODUCT AND REGION 98
FIGURE 25 ENTERTAINMENT AND OTHER CONTROLS AND US TO HOLD LARGEST SHARE OF SMART HOME MARKET IN NORTH AMERICA IN 2021 98
4.6 SMART HOME MARKET, BY COUNTRY 98
FIGURE 26 US HELD LARGEST SHARE OF SMART HOME MARKET IN 2020 98
5 MARKET OVERVIEW 99
5.1 INTRODUCTION 99
5.2 EVOLUTION 99
FIGURE 27 EVOLUTION OF SMART HOMES 99
5.3 MARKET DYNAMICS 101
FIGURE 28 SMART HOME MARKET: DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES 101
5.3.1 DRIVERS 102
FIGURE 29 DRIVERS FOR SMART HOME MARKET AND THEIR IMPACTS 102
5.3.1.1 Increasing number of internet users and growing adoption
of smart devices 103
FIGURE 30 INTERNET USERS TILL MARCH 2021, BY REGION 103
5.3.1.2 Increasing disposable income of people in developing economies 103
FIGURE 31 GDP PER CAPITA IN INDIA AND CHINA 104
5.3.1.3 Increasing importance of home monitoring in remote locations 104
5.3.1.4 Growing need for energy-saving and low carbon
emission-oriented solutions 104
TABLE 5 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROL 105
5.3.1.5 Expansion of smart home product portfolio by a large
number of players 105
5.3.1.6 Growing concern about safety, security, and convenience
among general population 106
5.3.2 RESTRAINTS 106
FIGURE 32 RESTRAINTS FOR SMART HOME MARKET AND THEIR IMPACTS 106
5.3.2.1 More convenience-driven rather than being necessity-driven market 107
5.3.2.2 High cost of switching for existing smart device consumers 107
5.3.2.3 Issues related to security and privacy breaches 107
5.3.3 OPPORTUNITIES 108
FIGURE 33 OPPORTUNITIES FOR SMART HOME MARKET AND THEIR IMPACTS 108
5.3.3.1 Favorable government regulations to promote green buildings 108
5.3.3.2 Incorporation of lighting controllers with in-built
data-connectivity technology 109
5.3.3.3 Integration of power line communication technology in smart homes 110
5.3.3.4 Rise in demand for smart home products due to COVID-19 110
TABLE 6 TOP 5 TV BRANDS, RANKED BY GLOBAL TV SHIPMENT, 3Q2020 111
5.3.4 CHALLENGES 111
FIGURE 34 CHALLENGES FOR SMART HOME MARKET AND THEIR IMPACTS 111
5.3.4.1 Difficulties linking disparate systems, limited functionality, and lack of open standards 112
5.3.4.2 Risk of device malfunctioning 113
5.3.4.3 Compatibility issues between devices of different companies 113
5.4 SUPPLY CHAIN ANALYSIS 113
FIGURE 35 SUPPLY CHAIN ANALYSIS OF ECOSYSTEM OF SMART HOME: MANUFACTURING AND DISTRIBUTION PHASES ADD MAXIMUM VALUE 114
5.4.1 PLANNING AND REVISING FUNDS 114
5.4.2 RESEARCH & DEVELOPMENT (R&D) 115
5.4.3 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES 115
5.5 ECOSYSTEM 116
FIGURE 36 SMART HOME MARKET ECOSYSTEM 116
TABLE 7 KEY PLAYERS AND THEIR ROLE IN SMART HOME ECOSYSTEM 117
5.5.1 HOME AUTOMATION OEMS 118
5.5.2 SUPPLIERS 118
5.5.3 SMART HOME SYSTEM INTEGRATORS 118
5.5.4 DISTRIBUTORS 118
5.6 TRENDS IMPACTING CUSTOMER'S BUSINESS 119
FIGURE 37 AI IN HOME APPLIANCES AND ROBOTICS TO IMPACT REVENUE OF SMART HOME PRODUCT MANUFACTURERS DURING FORECAST PERIOD 119
5.7 PORTER’S FIVE FORCES MODEL 119
TABLE 8 SMART HOME MARKET: PORTER’S FIVE FORCES ANALYSIS 119
FIGURE 38 SMART HOME MARKET: PORTER’S FIVE FORCES ANALYSIS 120
5.7.1 INTENSITY OF COMPETITIVE RIVALRY 120
5.7.2 BARGAINING POWER OF SUPPLIERS 120
5.7.3 BARGAINING POWER OF BUYERS 121
5.7.4 THREAT OF SUBSTITUTES 121
5.7.5 THREAT OF NEW ENTRANTS 121
5.8 CASE STUDIES 121
5.8.1 ASSA ABLOY’S REMOTE ACCESS DELEGATION TO BUILDINGS TRANSFORMS WAY EMERGENCY SERVICES OPERATE WORLDWIDE 121
5.8.2 JOHNSON CONTROLS’ COOLING SOLUTION HELP FISERV (EUROPE) TO TACKLE MAINTENANCE CONSTRAINTS AND ACHIEVE ENERGY SAVINGS 122
5.8.3 HONEYWELL (US)’S SECURITY SOLUTION HELP GATEWAY BUILDING (AUSTRALIA) IMPROVE ITS SECURITY AND VISITOR ACCESS SYSTEM 122
5.8.4 SIEMENS BUILDING TECHNOLOGIES PROVIDES INTEGRATED SOLUTION FOR FONDATION LOUIS VUITTON MUSEUM IN PARIS (FRANCE) 123
5.8.5 ADT (US) RENDERS AN ADVANCED ACCESS CONTROL SYSTEM TO
PORT OF CORK (IRELAND) 123
 
5.9 TECHNOLOGY ANALYSIS 124
5.9.1 KEY TECHNOLOGY 124
5.9.1.1 Integration of IoT and cloud connectivity with smart home devices 124
5.9.1.2 Integration of artificial intelligence (AI) with smart home systems 124
5.9.2 COMPLEMENTARY TECHNOLOGY 125
5.9.2.1 Adoption of adaptive learning technology to enhance capabilities of HVAC control devices 125
5.9.2.2 Integration of IoT with smart wearable devices 126
5.9.3 ADJACENT TECHNOLOGY 127
5.9.3.1 Penetration of 5G in industrial manufacturing 127
5.10 TRADE ANALYSIS 127
5.10.1 IMPORT SCENARIO 127
5.10.1.1 Import scenario for thermostats 127
TABLE 9 IMPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY,
2013–2020 (USD MILLION) 128
5.10.1.2 Import scenario for burglar/fire alarms 128
TABLE 10 IMPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110),
BY COUNTRY, 2013–2020 (USD MILLION) 129
5.10.2 EXPORT SCENARIO 129
5.10.2.1 Export scenario for thermostats 129
TABLE 11 EXPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY,
2013–2020 (USD MILLION) 130
5.10.2.2 Export scenario for burglar/fire alarms 130
TABLE 12 EXPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110),
BY COUNTRY, 2013–2020 (USD MILLION) 131
5.11 PATENT ANALYSIS 131
TABLE 13 PATENTS IN SMART HOME MARKET, 2018–2020 131
FIGURE 39 PATENTS PUBLISHED FOR SMART HOME MARKET FROM 2010 TO 2020 136
TABLE 14 NUMBER OF PATENTS REGISTERED IN SMART HOME MARKET
FROM 2010 TO 2020 136
FIGURE 40 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS
FROM 2010 TO 2020 137
5.12 TARIFFS 137
TABLE 15 MFN TARIFFS FOR THERMOSTATS EXPORTED BY US 138
TABLE 16 MFN TARIFFS FOR THERMOSTATS EXPORTED BY CHINA 138
TABLE 17 MFN TARIFFS FOR BURGLAR/FIRE ALARMS EXPORTED BY US 139
TABLE 18 MFN TARIFFS FOR BURGLAR/FIRE ALARMS EXPORTED BY CHINA 139
5.12.1 POSITIVE IMPACT OF TARIFFS ON SMART HOME PRODUCTS 139
5.12.2 NEGATIVE IMPACT OF TARIFFS ON SMART HOME PRODUCTS 140
5.12.3 REGULATIONS AND STANDARDS 140
5.12.3.1 Standards 140
5.12.4 REGULATIONS 141
5.12.4.1 Regulatory framework for IoT and connected appliances in Europe, US, and Latin America 141
5.13 AVERAGE SELLING PRICE (ASP) OF VARIOUS COMPONENTS OF SMART HOME SYSTEMS 143
TABLE 19 AVERAGE SELLING PRICES OF VARIOUS COMPONENTS OF
SMART HOME SYSTEMS 143
FIGURE 41 ASP TREND FOR LED DRIVERS AND BALLASTS AND
VIDEO SURVEILLANCE CAMERAS 144
FIGURE 42 AVERAGE SELLING PRICE OF SMART KITCHEN AND HOME APPLIANCES 145
6 SMART HOME MARKET FOR SOFTWARE & SERVICES 146
6.1 INTRODUCTION 147
FIGURE 43 SMART HOME MARKET FOR SOFTWARE AND SERVICES, BY TYPE 148
TABLE 20 SMART HOME MARKET FOR SOFTWARE AND SERVICES, BY TYPE,
2017–2020 (USD BILLION) 148
FIGURE 44 BEHAVIORAL SOFTWARE AND SERVICES IS EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 148
TABLE 21 SMART HOME MARKET FOR SOFTWARE AND SERVICES, BY TYPE,
2021–2026 (USD BILLION) 149
6.2 BEHAVIORAL 149
6.2.1 BEHAVIORAL SOFTWARE AND SERVICES SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 149
6.3 PROACTIVE 150
6.3.1 PROACTIVE SOFTWARE AND SERVICES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 150
7 SMART HOME MARKET, BY PRODUCT 151
7.1 INTRODUCTION 152
FIGURE 45 SMART HOME MARKET, BY PRODUCT 152
TABLE 22 SMART HOME MARKET, BY PRODUCT, 2017–2020 (USD MILLION) 153
FIGURE 46 SMART FURNITURE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 153
TABLE 23 SMART HOME MARKET, BY PRODUCT, 2021–2026 (USD MILLION) 154
7.2 LIGHTING CONTROL 155
7.2.1 MARKET DYNAMICS 155
7.2.1.1 Drivers 155
7.2.1.1.1 Growing demand for energy-efficient lighting solutions 155
7.2.1.1.2 Intensifying need for energy conservation energy and increasing efficiency of lighting products 156
7.2.1.1.3 Increasing smart city lighting initiatives worldwide 156
7.2.1.2 Restraints 156
7.2.1.2.1 Compatibility issues associated with lighting control systems 156
7.2.1.2.2 Limited awareness about benefits of lighting control 156
7.2.1.2.3 High installation costs 156
7.2.1.2.4 Security and privacy issues associated with smart lighting control systems 157
 
7.2.1.3 Opportunities 157
7.2.1.3.1 Consumer perception undergoing a paradigm shift 157
7.2.1.3.2 Expanding mood lighting segment to create growth opportunities for lighting control systems 157
7.2.1.3.3 Increasing demand for daylight sensors to foster the growth of the smart home market 157
7.2.2 PRODUCTS CONSIDERED UNDER LIGHTING CONTROL 157
FIGURE 47 SMART HOME MARKET FOR LIGHTING CONTROL PRODUCTS 157
TABLE 24 SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT,
2017–2020 (USD MILLION) 158
FIGURE 48 OCCUPANCY SENSORS TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR LIGHTING CONTROL DURING FORECAST PERIOD 158
TABLE 25 SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT,
2021–2026 (USD MILLION) 159
TABLE 26 SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT,
2017–2020 (THOUSAND UNITS) 159
TABLE 27 SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT,
2021–2026 (THOUSAND UNITS) 160
TABLE 28 SMART HOME MARKET FOR LIGHTING CONTROL, BY REGION,
2017–2020 (USD MILLION) 160
TABLE 29 SMART HOME MARKET FOR LIGHTING CONTROL, BY REGION,
2021–2026 (USD MILLION) 161
TABLE 30 SMART HOME MARKET FOR LIGHTING CONTROL, BY REGION,
2017–2020 (THOUSAND UNITS) 161
TABLE 31 SMART HOME MARKET FOR LIGHTING CONTROL, BY REGION,
2021–2026 (THOUSAND UNITS) 162
7.2.2.1 Relays 162
7.2.2.1.1 Relays work as ON/OFF switches in lighting control systems 162
TABLE 32 SMART HOME MARKET FOR RELAYS, BY REGION, 2017–2020 (USD MILLION) 162
TABLE 33 SMART HOME MARKET FOR RELAYS, BY REGION, 2021–2026 (USD MILLION) 163
TABLE 34 SMART HOME MARKET FOR RELAYS, BY REGION,
2017–2020 (THOUSAND UNITS) 163
TABLE 35 SMART HOME MARKET FOR RELAYS, BY REGION,
2021–2026 (THOUSAND UNITS) 163
7.2.2.2 Occupancy sensors 164
7.2.2.2.1 Occupancy sensors detect presence of individuals to
switch lights ON/OFF 164
TABLE 36 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION,
2017–2020 (USD MILLION) 164
TABLE 37 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION,
2021–2026 (USD MILLION) 164
TABLE 38 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION,
2017–2020 (THOUSAND UNITS) 165
TABLE 39 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION,
2021–2026 (THOUSAND UNITS) 165
 
7.2.2.3 Daylight sensors 165
7.2.2.3.1 Daylight sensors function as photosensors to measure intensity of natural light and accordingly adjust amount of artificial light 165
TABLE 40 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION,
2017–2020 (USD MILLION) 166
TABLE 41 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION,
2021–2026 (USD MILLION) 166
TABLE 42 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION,
2017–2020 (THOUSAND UNITS) 166
TABLE 43 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION,
2021–2026 (THOUSAND UNITS) 167
7.2.2.4 Timers 167
7.2.2.4.1 Timers are used to turn lights on/off automatically after a pre-specified time 167
TABLE 44 SMART HOME MARKET FOR TIMERS, BY REGION, 2017–2020 (USD MILLION) 167
TABLE 45 SMART HOME MARKET FOR TIMERS, BY REGION, 2021–2026 (USD MILLION) 168
TABLE 46 SMART HOME MARKET FOR TIMERS, BY REGION,
2017–2020 (THOUSAND UNITS) 168
TABLE 47 SMART HOME MARKET FOR TIMERS, BY REGION,
2021–2026 (THOUSAND UNITS) 168
7.2.2.5 Dimmers 168
7.2.2.5.1 Dimmers are used to adjust brightness in lighting control systems by means of voltage variation 168
TABLE 48 SMART HOME MARKET FOR DIMMERS, BY REGION,
2017–2020 (USD MILLION) 169
TABLE 49 SMART HOME MARKET FOR DIMMERS, BY REGION,
2021–2026 (USD MILLION) 169
TABLE 50 SMART HOME MARKET FOR DIMMERS, BY REGION,
2017–2020 (THOUSAND UNITS) 169
TABLE 51 SMART HOME MARKET FOR DIMMERS, BY REGION,
2021–2026 (THOUSAND UNITS) 170
7.2.2.6 Switches 170
7.2.2.6.1 Switches can be categorized as manual and
remote-controlled 170
TABLE 52 SMART HOME MARKET FOR SWITCHES, BY REGION,
2017–2020 (USD MILLION) 170
TABLE 53 SMART HOME MARKET FOR SWITCHES, BY REGION,
2021–2026 (USD MILLION) 171
TABLE 54 SMART HOME MARKET FOR SWITCHES, BY REGION,
2017–2020 (THOUSAND UNITS) 171
TABLE 55 SMART HOME MARKET FOR SWITCHES, BY REGION,
2021–2026 (THOUSAND UNITS) 171
7.2.2.7 Accessories and other products 171
TABLE 56 SMART HOME MARKET FOR ACCESSORIES AND OTHER PRODUCTS,
BY REGION, 2017–2020 (USD MILLION) 172
TABLE 57 SMART HOME MARKET FOR ACCESSORIES AND OTHER PRODUCTS,
BY REGION, 2021–2026 (USD MILLION) 172
TABLE 58 SMART HOME MARKET FOR ACCESSORIES AND OTHER PRODUCTS,
BY REGION, 2017–2020 (THOUSAND UNITS) 172
TABLE 59 SMART HOME MARKET FOR ACCESSORIES AND OTHER PRODUCTS,
BY REGION, 2021–2026 (THOUSAND UNITS) 173
7.3 SECURITY AND ACCESS CONTROL 173
7.3.1 MARKET DYNAMICS 173
7.3.1.1 Drivers 173
7.3.1.1.1 Increasing crime rate leading to adoption of
home security systems 173
7.3.1.1.2 Development of mobile interfaces 174
7.3.1.1.3 Development of multi-level/multifactor biometric access controls that enhance authentication processes 174
7.3.1.1.4 Rising adoption of IoT-based security systems 174
7.3.1.2 Restraints 174
7.3.1.2.1 Growing concerns with regards to privacy 174
7.3.1.2.2 High initial setup costs to hinder market growth 174
7.3.1.2.3 Limited adoption of Access Control as a Service (ACaaS) 175
7.3.1.3 Opportunities 175
7.3.1.3.1 Significant prospects of biometrics technologies in home security applications 175
7.3.1.3.2 Increase in adoption of security and access control systems post COVID-19 outbreak 175
7.3.2 PRODUCTS COVERED UNDER SECURITY AND ACCESS CONTROL 175
FIGURE 49 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL PRODUCTS 175
TABLE 60 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY PRODUCT, 2017–2020 (USD MILLION) 176
FIGURE 50 VIDEO SURVEILLANCE SEGMENT TO HOLD A LARGER SHARE OF MARKET FOR SECURITY AND ACCESS CONTROL DURING FORECAST PERIOD 176
TABLE 61 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY PRODUCT, 2021–2026 (USD MILLION) 176
TABLE 62 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2017–2020 (USD MILLION) 177
TABLE 63 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2021–2026 (USD MILLION) 177
7.3.2.1 Video surveillance 178
TABLE 64 SMART HOME MARKET FOR VIDEO SURVEILLANCE, BY OFFERING,
2017–2020 (USD MILLION) 179
FIGURE 51 SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN VIDEO SURVEILLANCE MARKET DURING FORECAST PERIOD 179
TABLE 65 SMART HOME MARKET FOR VIDEO SURVEILLANCE, BY OFFERING,
2021–2026 (USD MILLION) 179
TABLE 66 SMART HOME MARKET FOR VIDEO SURVEILLANCE, BY REGION,
2017–2020 (USD MILLION) 180
TABLE 67 SMART HOME MARKET FOR VIDEO SURVEILLANCE, BY REGION,
2021–2026 (USD MILLION) 180
 
7.3.2.1.1 Hardware 180
TABLE 68 SMART HOME MARKET FOR VIDEO SURVEILLANCE, BY HARDWARE,
2017–2020 (USD MILLION) 181
FIGURE 52 CAMERAS TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR
VIDEO SURVEILLANCE HARDWARE DURING FORECAST PERIOD 181
TABLE 69 SMART HOME MARKET FOR VIDEO SURVEILLANCE, BY HARDWARE,
2021–2026 (USD MILLION) 181
7.3.2.1.1.1 Cameras 182
7.3.2.1.1.1.1 Cameras capture video footage of places under surveillance and can operate nonstop 182
7.3.2.1.1.2 IP camera 182
7.3.2.1.1.2.1 IP cameras are equipped with embedded web servers and can be accessed and controlled over IP networks 182
7.3.2.1.1.3 Analog camera 182
7.3.2.1.1.3.1 Analog cameras have lower initial costs and require lesser technical maintenance compared to that
of IP cameras 182
TABLE 70 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2017–2020 (USD MILLION) 183
TABLE 71 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2021–2026 (USD MILLION) 183
TABLE 72 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2017–2020 (THOUSAND UNITS) 183
TABLE 73 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2021–2026 (THOUSAND UNITS) 183
7.3.2.1.1.4 Storage devices 184
7.3.2.1.1.4.1 Introduction of IP cameras has boosted demand for IP-based surveillance storage systems and technologies 184
7.3.2.1.1.5 Monitors 184
7.3.2.1.1.5.1 Monitors project data obtained by cameras as output of video surveillance systems 184
7.3.2.1.1.6 Other accessories 185
7.3.2.1.1.6.1 Other accessories are used for connecting various devices and enhancing video surveillance capabilities 185
7.3.2.1.2 Software 185
7.3.2.1.2.1 Software provides interface between hardware and system users 185
7.3.2.1.2.2 Video analytics software 185
7.3.2.1.2.2.1 Video analytics solutions automatically monitor cameras and alert users about unusual or suspicious events 185
7.3.2.1.2.3 Video management software (VMS) 186
7.3.2.1.2.3.1 Video management software is a platform for video monitoring, recording, and analysis 186
7.3.2.1.2.4 Neural networks and algorithms 186
7.3.2.1.2.4.1 Neural networks and algorithms are used to extract patterns or coded data to identify behavioral trends 186
7.3.2.2 Access control 186
TABLE 74 SMART HOME MARKET FOR ACCESS CONTROL, BY OFFERING,
2017–2020 (USD MILLION) 187
FIGURE 53 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR ACCESS CONTROL DURING FORECAST PERIOD 187
TABLE 75 SMART HOME MARKET FOR ACCESS CONTROL, BY OFFERING,
2021–2026 (USD MILLION) 187
TABLE 76 SMART HOME MARKET FOR ACCESS CONTROL, BY REGION,
2017–2020 (USD MILLION) 188
TABLE 77 SMART HOME MARKET FOR ACCESS CONTROL, BY REGION,
2021–2026 (USD MILLION) 188
7.3.2.2.1 Hardware 188
TABLE 78 SMART HOME MARKET FOR ACCESS CONTROL HARDWARE, BY TYPE,
2017–2020 (USD MILLION) 189
FIGURE 54 CARD-BASED READERS TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR ACCESS CONTROL HARDWARE DURING FORECAST PERIOD 189
TABLE 79 SMART HOME MARKET FOR ACCESS CONTROL HARDWARE, BY TYPE,
2021–2026 (USD MILLION) 190
7.3.2.2.1.1 Non-biometric 190
7.3.2.2.1.1.1 Card-based readers 190
7.3.2.2.1.1.1.1 Cart-based readers are used to authenticate user identity 190
7.3.2.2.1.1.2 Multi-technology readers 191
7.3.2.2.1.1.2.1 Multi-technology readers employ combination of card and biometrics 191
7.3.2.2.1.1.3 Electronic locks 191
7.3.2.2.1.1.3.1 Electronic locks cannot be tampered with and provide better security than mechanical locks 191
7.3.2.2.1.2 Controllers 191
7.3.2.2.1.2.1 Control panels transmit data between readers
and software through various types of communication interfaces 191
7.3.2.2.1.3 Biometric readers 191
7.3.2.2.1.3.1 Facial recognition 192
7.3.2.2.1.3.1.1 Facial recognition systems use numeric codes
called face prints 192
7.3.2.2.1.3.2 Iris recognition 192
7.3.2.2.1.3.2.1 Iris recognition is more detail-oriented and, thereby, provides high level of security 192
7.3.2.2.1.3.3 Fingerprint recognition 192
7.3.2.2.1.3.3.1 Fingerprint recognition used in police investigations, defense-related purposes, and immigration applications 192
7.3.2.2.1.3.4 Palm recognition 193
7.3.2.2.1.3.4.1 Palm recognition has many unique advantages, including high recognition rate, low cost of acquisition equipment, and good user acceptance 193
7.3.2.2.1.3.5 Voice recognition 193
7.3.2.2.1.3.5.1 Voice recognition enables hands-free control of devices 193
7.3.2.2.1.3.6 Other biometric readers 193
TABLE 80 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE,
2017–2020 (USD MILLION) 194
TABLE 81 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE,
2021–2026 (USD MILLION) 194
TABLE 82 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE,
2017–2020 (THOUSAND UNITS) 194
TABLE 83 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE,
2021–2026 (THOUSAND UNITS) 195
7.3.2.2.1.4 Others 195
7.3.2.3 Software 195
7.3.2.3.1 Access control software is often integrated with other security management platforms, such as video surveillance, intrusion, and visitor management systems 195
7.3.2.4 Services 196
7.3.2.4.1 Services majorly include installation, support, and maintenance services 196
7.4 HVAC CONTROL 196
7.4.1 MARKET DYNAMICS 196
7.4.1.1 Drivers 196
7.4.1.1.1 Flexibility and ease of accessing HVAC systems 196
7.4.1.1.2 Reduction in long-term energy costs through enhanced hardware, integrated control systems, and
management services 196
7.4.1.1.3 Boom in construction sector fueling demand for
HVAC controls 197
7.4.1.1.4 Emergence of IoT-enabled HVAC systems 197
7.4.1.2 Restraints 197
7.4.1.2.1 Lack of interoperability and standardization 197
7.4.1.2.2 Lack of awareness about benefits of HVAC systems 197
7.4.1.2.3 High costs and technical complexities associated with installation of HVAC control systems 198
7.4.1.3 Opportunities 198
7.4.1.3.1 Innovations in sensors and controls 198
7.4.1.3.2 Growing demand for cloud computing in HVAC 198
7.4.1.3.3 Integration of smart devices with HVAC systems 198
7.4.2 PRODUCTS COVERED UNDER HVAC CONTROL 199
FIGURE 55 SMART HOME MARKET FOR HVAC CONTROL PRODUCTS AND COMPONENTS 199
TABLE 84 SMART HOME MARKET FOR HVAC CONTROL, BY PRODUCT,
2017–2020 (USD MILLION) 199
FIGURE 56 PUMPS & FANS SEGMENT TO HOLD LARGEST SIZE OF SMART HOME MARKET FOR HVAC CONTROL DURING FORECAST PERIOD 200
TABLE 85 SMART HOME MARKET FOR HVAC CONTROL, BY PRODUCT,
2021–2026 (USD MILLION) 200
TABLE 86 SMART HOME MARKET FOR HVAC CONTROL, BY REGION,
2017–2020 (USD MILLION) 201
TABLE 87 SMART HOME MARKET FOR HVAC CONTROL, BY REGION,
2021–2026 (USD MILLION) 201
7.4.2.1 Smart thermostats 202
7.4.2.1.1 Smart thermostats maintain temperature at required levels 202
TABLE 88 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION,
2017–2020 (USD MILLION) 202
TABLE 89 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION,
2021–2026 (USD MILLION) 203
TABLE 90 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION,
2017–2020 (THOUSAND UNITS) 203
TABLE 91 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION,
2021–2026 (THOUSAND UNITS) 203
7.4.2.2 Sensors 204
7.4.2.2.1 Sensors perform logical functions such as making decisions and communicating with other systems 204
TABLE 92 SMART HOME MARKET FOR SENSORS, BY REGION,
2017–2020 (USD MILLION) 204
TABLE 93 SMART HOME MARKET FOR SENSORS, BY REGION,
2021–2026 (USD MILLION) 204
7.4.2.3 Control valves 205
7.4.2.3.1 Control valves regulate flow of fluids in various processes 205
TABLE 94 SMART HOME MARKET FOR CONTROL VALVES, BY REGION,
2017–2020 (USD MILLION) 205
TABLE 95 SMART HOME MARKET FOR CONTROL VALVES, BY REGION,
2021–2026 (USD MILLION) 205
7.4.2.4 Heating and cooling coils 205
7.4.2.4.1 HVAC systems use coils to maintain temperature 205
TABLE 96 SMART HOME MARKET FOR HEATING & COOLING COILS, BY REGION,
2017–2020 (USD MILLION) 206
TABLE 97 SMART HOME MARKET FOR HEATING & COOLING COILS, BY REGION,
2021–2026 (USD MILLION) 206
7.4.2.5 Dampers 206
7.4.2.5.1 Dampers regulate flow of hot/cold air in rooms 206
TABLE 98 SMART HOME MARKET FOR DAMPERS, BY REGION,
2017–2020 (USD MILLION) 207
TABLE 99 SMART HOME MARKET FOR DAMPERS, BY REGION,
2021–2026 (USD MILLION) 207
7.4.2.6 Actuators 207
7.4.2.6.1 Actuators control dampers and valves in HVAC systems 207
TABLE 100 SMART HOME MARKET FOR ACTUATORS, BY REGION,
2017–2020 (USD MILLION) 207
TABLE 101 SMART HOME MARKET FOR ACTUATORS, BY REGION,
2021–2026 (USD MILLION) 208
7.4.2.7 Pumps and fans 208
7.4.2.7.1 Pumps and exhaust fans in HVAC maintain comfortable temperature in buildings 208
TABLE 102 SMART HOME MARKET FOR PUMPS & FANS, BY REGION,
2017–2020 (USD MILLION) 208
TABLE 103 SMART HOME MARKET FOR PUMPS & FANS, BY REGION,
2021–2026 (USD MILLION) 209
 
7.4.2.8 Smart vents 209
7.4.2.8.1 Smart vents can be programmed to open and close according to temperature conditions of rooms 209
TABLE 104 SMART HOME MARKET FOR SMART VENTS, BY REGION,
2017–2020 (USD MILLION) 209
TABLE 105 SMART HOME MARKET FOR SMART VENTS, BY REGION,
2021–2026 (USD MILLION) 210
7.5 ENTERTAINMENT CONTROL AND OTHER CONTROLS 210
TABLE 106 SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROLS,
BY PRODUCT, 2017–2020 (USD MILLION) 210
FIGURE 57 MARKET FOR ENTERTAINMENT CONTROL TO GROW AT HIGHER CAGR
DURING FORECAST PERIOD 211
TABLE 107 SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROLS,
BY PRODUCT, 2021–2026 (USD MILLION) 211
TABLE 108 SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROLS,
BY REGION, 2017–2020 (USD MILLION) 211
TABLE 109 SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROLS,
BY REGION, 2021–2026 (USD MILLION) 212
7.5.1 MARKET DYNAMICS 212
7.5.1.1 Drivers 212
7.5.1.1.1 Changing lifestyle of consumers 212
7.5.1.1.2 Enhanced level of comfort offered 212
7.5.1.1.3 Growing consumer inclination towards
entertainment products 212
7.5.1.2 Restraints 213
7.5.1.2.1 High cost of entertainment control systems 213
7.5.1.2.2 Consumer apprehensions due to adverse effects on health from audio equipment and wireless entertainment devices 213
7.5.1.3 Opportunities 213
7.5.1.3.1 Development of 3D gesture-based remote
entertainment controls 213
7.5.1.3.2 Integration of AI with entertainment devices 213
7.5.2 ENTERTAINMENT CONTROL PRODUCTS 214
FIGURE 58 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY PRODUCT 214
TABLE 110 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2017–2020 (USD MILLION) 214
FIGURE 59 AUDIO & VOLUME CONTROLS SEGMENT TO COMMAND LARGEST MARKET SHARE DURING FORECAST PERIOD 215
TABLE 111 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2021–2026 (USD MILLION) 215
TABLE 112 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY REGION,
2017–2020 (USD MILLION) 216
TABLE 113 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY REGION,
2021–2026 (USD MILLION) 216
7.5.2.1 Audio and volume controls 216
7.5.2.1.1 Audio and volume control systems enable playback and music control throughout homes 216
TABLE 114 SMART HOME MARKET FOR AUDIO & VOLUME CONTROLS, BY REGION, 2017–2020 (USD MILLION) 217
TABLE 115 SMART HOME MARKET FOR AUDIO & VOLUME CONTROLS, BY REGION, 2021–2026 (USD MILLION) 217
7.5.2.2 Home theater system controls 218
7.5.2.2.1 Home theater systems are professionally designed to provide ultimate movie-viewing experience 218
TABLE 116 SMART HOME MARKET FOR HOME THEATER SYSTEM CONTROLS, BY REGION, 2017–2020 (USD MILLION) 218
TABLE 117 SMART HOME MARKET FOR HOME THEATER SYSTEM CONTROLS, BY REGION, 2021–2026 (USD MILLION) 218
7.5.2.3 Touchscreens and keypads 219
7.5.2.3.1 Touchscreens and keypads control audio-video distribution at homes 219
TABLE 118 SMART HOME MARKET FOR TOUCHSCREENS & KEYPADS, BY REGION, 2017–2020 (USD MILLION) 219
TABLE 119 SMART HOME MARKET FOR TOUCHSCREENS & KEYPADS, BY REGION, 2021–2026 (USD MILLION) 219
7.5.3 OTHER CONTROL PRODUCTS 220
FIGURE 60 SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT 220
TABLE 120 SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT,
2017–2020 (USD MILLION) 220
FIGURE 61 SMART HUBS SEGMENT TO GROW AT HIGHEST CAGR
DURING FORECAST PERIOD 221
TABLE 121 SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT,
2021–2026 (USD MILLION) 221
TABLE 122 SMART HOME MARKET FOR OTHER CONTROLS, BY REGION,
2017–2020 (USD MILLION) 222
TABLE 123 SMART HOME MARKET FOR OTHER CONTROLS, BY REGION,
2021–2026 (USD MILLION) 222
7.5.3.1 Smart meters 222
7.5.3.1.1 Smart meters measure energy consumption and enable communication between users and utilities 222
TABLE 124 SMART HOME MARKET FOR SMART METERS, BY REGION,
2017–2020 (USD MILLION) 223
TABLE 125 SMART HOME MARKET FOR SMART METERS, BY REGION,
2021–2026 (USD MILLION) 223
7.5.3.2 Smart plugs 223
7.5.3.2.1 Smart plugs give users ability to monitor all devices connected to smart plugs 223
TABLE 126 SMART HOME MARKET FOR SMART PLUGS, BY REGION,
2017–2020 (USD MILLION) 224
TABLE 127 SMART HOME MARKET FOR SMART PLUGS, BY REGION,
2021–2026 (USD MILLION) 224
7.5.3.3 Smart hubs 224
7.5.3.3.1 Smart hubs control connected gadgets in smart homes 224
TABLE 128 SMART HOME MARKET FOR SMART HUBS, BY REGION,
2017–2020 (USD MILLION) 224
TABLE 129 SMART HOME MARKET FOR SMART HUBS, BY REGION,
2021–2026 (USD MILLION) 225
7.5.3.4 Smart locks 225
7.5.3.4.1 Smart locks are wireless-enabled and can be based on various wireless technologies 225
TABLE 130 SMART HOME MARKET FOR SMART LOCKS, BY REGION,
2017–2020 (USD MILLION) 225
TABLE 131 SMART HOME MARKET FOR SMART LOCKS, BY REGION,
2021–2026 (USD MILLION) 226
7.5.3.5 Smoke detectors 226
7.5.3.5.1 Smoke detectors detect smoke faster than flame
and heat detectors 226
TABLE 132 SMART HOME MARKET FOR SMOKE DETECTORS, BY REGION,
2017–2020 (USD MILLION) 226
TABLE 133 SMART HOME MARKET FOR SMOKE DETECTORS, BY REGION,
2021–2026 (USD MILLION) 227
7.6 SMART SPEAKER 227
7.6.1 SMART SPEAKERS ENABLE CONTROL OF SMART DEVICES
THROUGH USER VOICE-CONTROL 227
TABLE 134 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION,
2017–2020 (USD MILLION) 227
FIGURE 62 SMART SPEAKER MARKET IN APAC TO GROW AT HIGHEST CAGR
DURING FORECAST PERIOD 228
TABLE 135 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION,
2021–2026 (USD MILLION) 228
TABLE 136 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION,
2017–2020 (THOUSAND UNITS) 228
TABLE 137 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION,
2021–2026 (THOUSAND UNITS) 229
7.6.2 MARKET DYNAMICS 229
7.6.2.1 Drivers 229
7.6.2.1.1 Increasing number of smart homes 229
TABLE 138 REVENUE CONTRIBUTION FROM SMART HOME MARKET IN SMART CITIES 230
7.6.2.1.2 Rising disposable income 230
7.6.2.1.3 Proliferation of multifunctional devices 231
7.6.2.1.4 Growing trend of personalization 231
7.6.2.1.5 Entry of large internet/technology companies in smart speaker market 231
7.6.2.1.6 Growing popularity of smart speakers with displays 231
7.6.2.2 Restraints 232
7.6.2.2.1 Issues related to connectivity range,
compatibility, and power 232
7.6.2.2.2 Concerns related to data security 232

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