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Automated Optical Inspection Market with COVID-19 Impact Analysis by Type (2D AOI, 3D AOI), Technology (Inline AOI, Offline AOI), Industry, Applicatio...

Publisher:        MarketsandMarkets

# of Pages:        224

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Publication Date:  September, 2021

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1 INTRODUCTION 30
1.1 OBJECTIVES OF THE STUDY 30
1.2 DEFINITION 30
1.2.1 INCLUSIONS AND EXCLUSIONS 31
1.3 STUDY SCOPE 31
1.3.1 MARKETS COVERED 31
FIGURE 1 AUTOMATED OPTICAL INSPECTION MARKET SEGMENTATION 31
1.3.2 GEOGRAPHIC SCOPE 32
1.3.3 YEARS CONSIDERED 32
1.4 CURRENCY 33
1.5 VOLUME UNIT CONSIDERED 33
1.6 LIMITATIONS 33
1.7 STAKEHOLDERS 33
1.8 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 AOI SYSTEM MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Major secondary sources 36
2.1.1.2 Key data from secondary sources 37
2.1.2 PRIMARY DATA 37
2.1.2.1 Key data from primary sources 37
2.1.2.2 Breakdown of primaries 38
2.1.3 SECONDARY AND PRIMARY RESEARCH 38
2.1.3.1 Key industry insights 39
2.2 MARKET SIZE ESTIMATION 39
2.2.1 BOTTOM-UP APPROACH 40
2.2.1.1 Approach for arriving at the market size through bottom-up analysis (demand side) 40
FIGURE 3 BOTTOM-UP APPROACH TO ARRIVE AT THE MARKET SIZE 40
2.2.2 TOP-DOWN APPROACH 41
2.2.2.1 Approach for arriving at the market size through top-down analysis (supply side) 41
FIGURE 4 TOP-DOWN APPROACH TO ARRIVE AT THE MARKET SIZE 41
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR AOI MARKET USING
SUPPLY-SIDE ANALYSIS 42
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 43
FIGURE 6 DATA TRIANGULATION 43
2.4 RESEARCH ASSUMPTIONS 44
2.5 RISK ASSESSMENTS 44
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS 44
3 EXECUTIVE SUMMARY 45
FIGURE 7 EFFECT OF COVID-19 ON AUTOMATED OPTICAL INSPECTION MARKET 45
3.1 POST-COVID-19 SCENARIO 45
TABLE 2 POST-COVID-19 SCENARIO: AOI SYSTEM MARKET,
2021–2026 (USD MILLION) 45
3.2 OPTIMISTIC SCENARIO (POST-COVID-19) 46
TABLE 3 OPTIMISTIC SCENARIO (POST-COVID-19): AOI SYSTEM MARKET,
2021–2026 (USD MILLION) 46
3.3 PESSIMISTIC SCENARIO (POST-COVID-19) 46
TABLE 4 PESSIMISTIC SCENARIO (POST-COVID-19): AOI SYSTEM MARKET,
2021–2026 (USD MILLION) 46
FIGURE 8 3D AOI SYSTEMS TO LEAD THE MARKET FROM 2021 TO 2026 47
FIGURE 9 INLINE AOI SYSTEMS TO HOLD LARGER SHARE OF MARKET FROM
2021 TO 2026 47
FIGURE 10 CONSUMER ELECTRONICS INDUSTRY TO HOLD LARGEST SHARE OF
MARKET IN 2021 48
FIGURE 11 ASIA PACIFIC TO BE THE LARGEST MARKET IN 2021 49
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN AUTOMATED OPTICAL INSPECTION MARKET 50
FIGURE 12 UPSURGE IN DEMAND FOR CONSUMER ELECTRONICS AND NEED FOR MINIATURE AND HIGH-SPEED PCB TO FUEL THE AUTOMATED OPTICAL INSPECTION MARKET FROM 2021 TO 2026 50
4.2 AUTOMATED OPTICAL INSPECTION MARKET, BY TYPE 50
FIGURE 13 3D AOI SYSTEMS TO BE LARGER SEGMENT OF THE MARKET
FROM 2021 TO 2026 50
4.3 AUTOMATED OPTICAL INSPECTION MARKET, BY TECHNOLOGY 51
FIGURE 14 INLINE AOI SEGMENT TO LEAD THE MARKET FROM 2021 TO 2026 51
4.4 AUTOMATED OPTICAL INSPECTION MARKET, BY INDUSTRY 51
FIGURE 15 CONSUMER ELECTRONICS TO BE THE LARGEST END-USE INDUSTRY
OF AOI MARKET BY 2026 51
4.5 AUTOMATED OPTICAL INSPECTION MARKET, BY COUNTRY 52
FIGURE 16 CHINA TO LEAD THE AUTOMATED OPTICAL INSPECTION MARKET IN 2021 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 17 AUTOMATED OPTICAL INSPECTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 53
5.2.1 DRIVERS 54
5.2.1.1 Advantages of AOI over other inspection methods 54
5.2.1.2 Upsurge in demand for consumer electronics amidst pandemics 54
5.2.1.3 Rising need for miniature, high-speed PCBs 55
5.2.1.4 Demand for higher productivity by electronics manufacturing services (EMS) companies 56
5.2.1.5 Growing demand for electronics in automotive sector 56
FIGURE 18 IMPACT OF DRIVERS ON AUTOMATED OPTICAL INSPECTION MARKET 57
5.2.2 RESTRAINTS 57
5.2.2.1 False call rate of image-based AOI systems 57
5.2.2.2 Requirement of highly skilled personnel 58
FIGURE 19 IMPACT OF RESTRAINTS ON AUTOMATED OPTICAL INSPECTION MARKET 58
5.2.3 OPPORTUNITIES 58
5.2.3.1 Advent of SMART technology 58
5.2.3.2 Newer applications for AOI systems apart from PCB inspection 59
5.2.3.3 Growing demand for AOI systems for inspection of IC substrates 59
FIGURE 20 IMPACT OF OPPORTUNITIES ON AUTOMATED OPTICAL INSPECTION MARKET 59
5.2.4 CHALLENGES 60
5.2.4.1 Requirement of sophisticated hardware and software systems to handle large amount of data 60
5.2.4.2 Availability of superior inspection technology as a substitute 60
FIGURE 21 IMPACT OF CHALLENGES ON AUTOMATED OPTICAL INSPECTION MARKET 60
5.3 VALUE CHAIN ANALYSIS 61
FIGURE 22 VALUE CHAIN ANALYSIS OF AOI 61
5.4 ECOSYSTEM ANALYSIS 62
TABLE 5 ECOSYSTEM: AOI SYSTEMS 63
5.5 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AOI MARKET 64
5.6 CASE STUDY ANALYSIS 64
5.6.1 MICROART SERVICES INC USED CYBEROPTICS’ QX250I 2D AOI SYSTEM FOR POST SOLDER INSPECTION 64
5.6.2 LARITECH CHOSE KOH YOUNG TECHNOLOGY AS THEIR INSPECTION PARTNER 64
5.6.3 E.D.&A. INVESTS IN VISCOM 3D AOI FOR THT LINE 65
5.7 PORTER’S FIVE FORCES ANALYSIS 65
TABLE 6 IMPACT OF EACH FORCE ON MARKET (2020) 66
5.8 TECHNOLOGY ANALYSIS 66
5.8.1 ARTIFICIAL INTELLIGENCE (AI) IN AOI 66
5.8.2 AOI TO HELP ACCELERATE INDUSTRY 4.0 TRANSFORMATION 67
5.9 PRICING ANALYSIS 68
TABLE 7 AVERAGE SELLING PRICES OF AOI SYSTEMS OFFERED
BY TOP COMPANIES, 2020 68
TABLE 8 INDICATIVE PRICES OF AOI SYSTEM 69
5.10 TRADE ANALYSIS 69
FIGURE 23 IMPORT DATA, BY COUNTRY, 2016–2020 (USD BILLION) 69
FIGURE 24 EXPORT DATA, 2016–2020 (USD BILLION) 70
 
5.11 PATENT ANALYSIS 70
FIGURE 25 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT
APPLICATIONS IN LAST 10 YEARS 70
TABLE 9 TOP 20 PATENT OWNERS IN LAST 10 YEARS 71
FIGURE 26 NUMBER OF PATENTS GRANTED PER YEAR FROM 2010 TO 2020 72
TABLE 10 LIST OF KEY PATENTS AND INNOVATIONS IN AOI MARKET 72
5.12 REGULATORY LANDSCAPE 74
5.12.1 REGULATORY LANDSCAPE 74
5.12.2 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) 74
5.12.3 WASTE OF ELECTRONIC AND ELECTRICAL EQUIPMENT (WEEE) 74
5.12.4 EUROPEAN CONFORMITY (CE) 75
5.12.5 ELECTRONIC COMPONENTS INDUSTRY ASSOCIATION (ECIA) 75
6 AUTOMATED OPTICAL INSPECTION MARKET, BY APPLICATION 76
6.1 INTRODUCTION 76
6.2 FABRICATION PHASE 76
6.3 ASSEMBLY PHASE 77
7 ELEMENTS OF AOI SYSTEM 79
7.1 INTRODUCTION 79
FIGURE 27 ELEMENTS OF AN AOI SYSTEM 79
7.2 ELEMENTS OF AOI SYSTEM 80
7.2.1 CAMERA SYSTEM 80
7.2.1.1 Monochrome camera 80
7.2.1.2 Color camera 80
TABLE 11 MONOCHROME CAMERA VS. COLOR CAMERA 81
7.2.2 LIGHTING SYSTEM 81
7.2.2.1 Fluorescent lighting 81
7.2.2.2 LED lighting 82
7.2.2.3 UV (ultraviolet) or IR (infrared) lighting 82
7.2.3 COMPUTER SYSTEM 82
7.2.4 SOFTWARE 82
7.3 DEFECT DETECTION PROCESS 83
7.3.1 IMAGE COMPARISON 83
7.3.1.1 CAD data 83
7.3.1.2 Golden board image 83
7.3.1.3 Classification process of an image 83
7.3.2 ALGORITHM-BASED DETECTION 83
7.4 TYPES OF PCBS USED FOR DEFECT DETECTION 84
7.4.1 SINGLE-SIDED PCB 84
7.4.1.1 Application of single-sided PCB 84
 
7.4.2 DOUBLE-SIDED PCB 84
7.4.2.1 Application of double-sided PCB 84
7.4.3 MULTILAYER PCB 84
7.4.3.1 Application of multilayer PCB 84
7.4.4 HIGH-DENSITY INTERCONNECT (HDI) BOARDS 85
7.4.4.1 Application of HDI boards 85
7.4.5 FLEXIBLE PCB 85
7.4.5.1 Application of flexible PCBs 85
7.4.6 RIGID FLEXIBLE PCB 85
7.4.6.1 Application of rigid flexible PCB 85
7.4.7 IC SUBSTRATE 85
7.4.7.1 Application of IC substrate 85
8 AOI SYSTEM MARKET, BY TYPE 86
8.1 INTRODUCTION 87
FIGURE 28 AOI SYSTEM MARKET, BY TYPE 87
TABLE 12 AOI SYSTEM MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2026 87
FIGURE 29 3D AOI SYSTEMS TO BE DOMINANT AND GROW FASTER DURING FORECAST PERIOD 88
TABLE 13 AOI SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION) 88
TABLE 14 AOI SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION) 88
8.2 3D AOI SYSTEMS 89
8.2.1 ABILITY TO INSPECT COPLANARITY OF COMPONENTS AND PROVIDE VOLUMETRIC MEASUREMENT DATA TO DRIVE DEMAND 89
8.2.2 METHODOLOGIES OF 3D AOI INSPECTION 90
8.2.2.1 Laser measurement 90
8.2.2.2 Multi-frequency moiré phase shift image processing 90
FIGURE 30 FUNCTIONAL DIAGRAM: 3D AOI SYSTEM 90
TABLE 15 3D AOI SYSTEM ADVANTAGES VS. DISADVANTAGES 91
TABLE 16 3D AOI SYSTEM MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 91
TABLE 17 3D AOI SYSTEM MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 91
TABLE 18 3D AOI SYSTEM MARKET, BY INDUSTRY, 2017–2020 (USD MILLION) 92
TABLE 19 3D AOI SYSTEM MARKET, BY INDUSTRY, 2021–2026 (USD MILLION) 92
TABLE 20 3D AOI SYSTEM MARKET, BY REGION, 2017–2020 (USD MILLION) 92
TABLE 21 3D AOI SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION) 93
8.3 2D AOI SYSTEMS 93
8.3.1 HIGHER RATE OF FALSE CALLS WILL LEAD TO SHRINKING DEMAND 93
FIGURE 31 FUNCTIONAL DIAGRAM: 2D AOI SYSTEM 94
TABLE 22 2D AOI SYSTEM ADVANTAGES VS. DISADVANTAGES 94
TABLE 23 2D AOI SYSTEM MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 94
TABLE 24 2D AOI SYSTEM MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 95
TABLE 25 2D AOI SYSTEM MARKET, BY INDUSTRY, 2017–2020 (USD MILLION) 95
TABLE 26 2D AOI SYSTEM MARKET, BY INDUSTRY, 2021–2026 (USD MILLION) 95
TABLE 27 2D AOI SYSTEM MARKET, BY REGION, 2017–2020 (USD MILLION) 96
TABLE 28 2D AOI SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION) 96
9 AOI SYSTEM MARKET, BY TECHNOLOGY 97
9.1 INTRODUCTION 98
FIGURE 32 AOI SYSTEM MARKET SEGMENTATION, BY TECHNOLOGY 98
FIGURE 33 INLINE AOI EXPECTED TO LEAD THE MARKET DURING FORECAST PERIOD 99
TABLE 29 AOI SYSTEM MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 99
TABLE 30 AOI SYSTEM MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 99
9.2 INLINE AOI 100
9.2.1 NEED FOR FASTER PCB INSPECTION TO DRIVE DEMAND 100
FIGURE 34 PROCESS FLOW OF AN INLINE AOI SYSTEM 100
TABLE 31 INLINE AOI SYSTEM ADVANTAGES VS. DISADVANTAGES 101
TABLE 32 INLINE AOI SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION) 101
TABLE 33 INLINE AOI SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION) 101
9.3 OFFLINE AOI 101
9.3.1 LESS ACCURACY IN FAULT DETECTION WILL LEAD TO MODERATE DEMAND 101
FIGURE 35 PROCESS FLOW OF AN OFFLINE AOI SYSTEM 102
TABLE 34 OFFLINE AOI SYSTEM ADVANTAGES VS. DISADVANTAGES 102
TABLE 35 OFFLINE AOI SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION) 102
TABLE 36 OFFLINE AOI SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION) 103
10 AOI SYSTEM MARKET, BY INDUSTRY 104
10.1 INTRODUCTION 105
FIGURE 36 AOI SYSTEM MARKET, BY INDUSTRY 105
TABLE 37 AOI SYSTEM MARKET, BY INDUSTRY, 2017–2020 (USD MILLION) 106
TABLE 38 AOI SYSTEM MARKET, BY INDUSTRY, 2021–2026 (USD MILLION) 106
FIGURE 37 CONSUMER ELECTRONICS TO LEAD AOI SYSTEM MARKET DURING
FORECAST PERIOD 107
10.2 CONSUMER ELECTRONICS 107
10.2.1 RISING NEED FOR SMART DEVICES TO DRIVE DEMAND 107
TABLE 39 AOI SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY TYPE,
2017–2020 (USD MILLION) 108
TABLE 40 AOI SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY TYPE,
2021–2026 (USD MILLION) 108
TABLE 41 AOI SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY REGION,
2017–2020 (USD MILLION) 108
TABLE 42 AOI SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY REGION,
2021–2026 (USD MILLION) 109
10.3 TELECOMMUNICATIONS 109
10.3.1 EMERGING WIRELESS COMMUNICATION TECHNOLOGIES CONTRIBUTE TO DRIVE DEMAND 109
TABLE 43 AOI SYSTEM MARKET FOR TELECOMMUNICATIONS, BY TYPE,
2017–2020 (USD MILLION) 109
TABLE 44 AOI SYSTEM MARKET FOR TELECOMMUNICATIONS, BY TYPE,
2021–2026 (USD MILLION) 110
TABLE 45 AOI SYSTEM MARKET FOR TELECOMMUNICATIONS, BY REGION,
2017–2020 (USD MILLION) 110
TABLE 46 AOI SYSTEM MARKET FOR TELECOMMUNICATIONS, BY REGION,
2021–2026 (USD MILLION) 110
10.4 AUTOMOTIVE 111
10.4.1 INDUSTRIAL IOT ENABLES AUTOMOTIVE INDUSTRY TO ADOPT AOI SYSTEMS 111
TABLE 47 AOI SYSTEM MARKET FOR AUTOMOTIVE, BY TYPE,
2017–2020 (USD MILLION) 111
TABLE 48 AOI SYSTEM MARKET FOR AUTOMOTIVE, BY TYPE,
2021–2026 (USD MILLION) 112
TABLE 49 AOI SYSTEM MARKET FOR AUTOMOTIVE, BY REGION,
2017–2020 (USD MILLION) 112
TABLE 50 AOI SYSTEM MARKET FOR AUTOMOTIVE, BY REGION,
2021–2026 (USD MILLION) 112
10.5 MEDICAL DEVICES 113
10.5.1 RISING DIGITIZATION IN MEDICAL DEVICES TO DRIVE DEMAND 113
TABLE 51 AOI SYSTEM MARKET FOR MEDICAL DEVICES, BY TYPE,
2017–2020 (USD MILLION) 113
TABLE 52 AOI SYSTEM MARKET FOR MEDICAL DEVICES, BY TYPE,
2021–2026 (USD MILLION) 113
TABLE 53 AOI SYSTEM MARKET FOR MEDICAL DEVICES, BY REGION,
2017–2020 (USD MILLION) 114
TABLE 54 AOI SYSTEM MARKET FOR MEDICAL DEVICES, BY REGION,
2021–2026 (USD MILLION) 114
10.6 AEROSPACE & DEFENSE 114
10.6.1 NEED FOR HIGH-QUALITY ELECTRONIC COMPONENTS TO DRIVE DEMAND 114
TABLE 55 AOI SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY TYPE,
2017–2020 (USD MILLION) 115
TABLE 56 AOI SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY TYPE,
2021–2026 (USD MILLION) 115
TABLE 57 AOI SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION,
2017–2020 (USD MILLION) 115
TABLE 58 AOI SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION,
2021–2026 (USD MILLION) 116
10.7 INDUSTRIAL ELECTRONICS 116
10.7.1 INCREASING INDUSTRIAL DIGITIZATION TO DRIVE DEMAND 116
TABLE 59 AOI SYSTEM MARKET FOR INDUSTRIAL ELECTRONICS, BY TYPE,
2017–2020 (USD MILLION) 116
TABLE 60 AOI SYSTEM MARKET FOR INDUSTRIAL ELECTRONICS, BY TYPE,
2021–2026 (USD MILLION) 117
TABLE 61 AOI SYSTEM MARKET FOR INDUSTRIAL ELECTRONICS, BY REGION,
2017–2020 (USD MILLION) 117
TABLE 62 AOI SYSTEM MARKET FOR INDUSTRIAL ELECTRONICS, BY REGION,
2021–2026 (USD MILLION) 117
 
10.8 ENERGY & POWER 118
10.8.1 UPGRADE OF ENERGY INFRASTRUCTURE TO DRIVE DEMAND 118
TABLE 63 AOI SYSTEM MARKET FOR ENERGY & POWER, BY TYPE,
2017–2020 (USD MILLION) 118
TABLE 64 AOI SYSTEM MARKET FOR ENERGY & POWER, BY TYPE,
2021–2026 (USD MILLION) 118
TABLE 65 AOI SYSTEM MARKET FOR ENERGY & POWER, BY REGION,
2017–2020 (USD MILLION) 119
TABLE 66 AOI SYSTEM MARKET FOR ENERGY & POWER, BY REGION,
2021–2026 (USD MILLION) 119
11 AOI MARKET, BY REGION 120
11.1 INTRODUCTION 121
FIGURE 38 MEXICO TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 121
TABLE 67 AOI MARKET, BY REGION, 2017–2020 (USD MILLION) 121
TABLE 68 AOI MARKET, BY REGION, 2021–2026 (USD MILLION) 122
11.2 NORTH AMERICA 123
FIGURE 39 NORTH AMERICA: AOI MARKET SNAPSHOT 123
TABLE 69 AOI MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 124
TABLE 70 AOI MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION) 124
TABLE 71 AOI MARKET IN NORTH AMERICA, BY TYPE, 2017–2020 (USD MILLION) 124
TABLE 72 AOI MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD MILLION) 124
11.2.1 US 125
11.2.1.1 Surge in domestic manufacturing to drive demand 125
TABLE 73 AOI MARKET IN US, BY TYPE, 2017–2020 (USD MILLION) 125
TABLE 74 AOI MARKET IN US, BY TYPE, 2021–2026 (USD MILLION) 125
11.2.2 CANADA 126
11.2.2.1 Growing automotive and energy & power industries to drive the market 126
TABLE 75 AOI MARKET IN CANADA, BY TYPE, 2017–2020 (USD MILLION) 126
TABLE 76 AOI MARKET IN CANADA, BY TYPE, 2021–2026 (USD MILLION) 126
11.2.3 MEXICO 126
11.2.3.1 Increasing manufacturing of electronics to drive the market 126
TABLE 77 AOI MARKET IN MEXICO, BY TYPE, 2017–2020 (USD MILLION) 127
TABLE 78 AOI MARKET IN MEXICO, BY TYPE, 2021–2026 (USD MILLION) 127
11.3 EUROPE 128
FIGURE 40 EUROPE: AOI MARKET SNAPSHOT 128
TABLE 79 AOI MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION) 129
TABLE 80 AOI MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION) 129
TABLE 81 AOI MARKET IN EUROPE, BY TYPE, 2017–2020 (USD MILLION) 129
TABLE 82 AOI MARKET IN EUROPE, BY TYPE, 2021–2026 (USD MILLION) 129
11.3.1 GERMANY 130
11.3.1.1 Flourishing automotive industry to drive the market 130
TABLE 83 AOI MARKET IN GERMANY, BY TYPE, 2017–2020 (USD MILLION) 130
TABLE 84 AOI MARKET IN GERMANY, BY TYPE, 2021–2026 (USD MILLION) 131
11.3.2 UK 131
11.3.2.1 Government push for enhancing telecommunications
industry to drive the market 131
TABLE 85 AOI MARKET IN THE UK, BY TYPE, 2017–2020 (USD MILLION) 131
TABLE 86 AOI MARKET IN THE UK, BY TYPE, 2021–2026 (USD MILLION) 132
11.3.3 FRANCE 132
11.3.3.1 Increased production of electric vehicles to drive the market 132
TABLE 87 AOI MARKET IN FRANCE, BY TYPE, 2017–2020 (USD MILLION) 132
TABLE 88 AOI MARKET IN FRANCE, BY TYPE, 2021–2026 (USD MILLION) 132
11.3.4 REST OF EUROPE 133
11.3.4.1 Expansion of manufacturing capabilities to drive the market 133
TABLE 89 AOI MARKET IN THE REST OF EUROPE, BY TYPE, 2017–2020 (USD MILLION) 133
TABLE 90 AOI MARKET IN THE REST OF EUROPE, BY TYPE, 2021–2026 (USD MILLION) 133
11.4 APAC 134
FIGURE 41 APAC: AOI MARKET SNAPSHOT 134
TABLE 91 AOI MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION) 135
TABLE 92 AOI MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION) 135
TABLE 93 AOI MARKET IN APAC, BY TYPE, 2017–2020 (USD MILLION) 135
TABLE 94 AOI MARKET IN APAC, BY TYPE, 2021–2026 (USD MILLION) 136
11.4.1 CHINA 136
11.4.1.1 Government initiatives for expansion of domestic electronics manufacturing to drive the market 136
TABLE 95 AOI MARKET IN CHINA, BY TYPE, 2017–2020 (USD MILLION) 136
TABLE 96 AOI MARKET IN CHINA, BY TYPE, 2021–2026 (USD MILLION) 137
11.4.2 TAIWAN 137
11.4.2.1 Growing use of advanced electronics devices to drive the market 137
TABLE 97 AOI MARKET IN TAIWAN, BY TYPE, 2017–2020 (USD MILLION) 137
TABLE 98 AOI MARKET IN TAIWAN, BY TYPE, 2021–2026 (USD MILLION) 137
11.4.3 SOUTH KOREA 138
11.4.3.1 Presence of world-class manufacturing infrastructure to drive the market 138
TABLE 99 AOI MARKET IN SOUTH KOREA, BY TYPE, 2017–2020 (USD MILLION) 138
TABLE 100 AOI MARKET IN SOUTH KOREA, BY TYPE, 2021–2026 (USD MILLION) 138
11.4.4 JAPAN 138
11.4.4.1 Strong domestic demand for consumer electronics to drive the market 138
TABLE 101 AOI MARKET IN JAPAN, BY TYPE, 2017–2020 (USD MILLION) 139
TABLE 102 AOI MARKET IN JAPAN, BY TYPE, 2021–2026 (USD MILLION) 139
11.4.5 REST OF APAC 139
11.4.5.1 Emerging economies with low-cost electronics manufacturing capabilities to drive the market 139
TABLE 103 AOI MARKET IN THE REST OF APAC, BY TYPE, 2017–2020 (USD MILLION) 140
TABLE 104 AOI MARKET IN THE REST OF APAC, BY TYPE, 2021–2026 (USD MILLION) 140
11.5 ROW 140
TABLE 105 AOI MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION) 140
TABLE 106 AOI MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION) 141
TABLE 107 AOI MARKET IN ROW, BY TYPE, 2017–2020 (USD MILLION) 141
TABLE 108 AOI MARKET IN ROW, BY TYPE, 2021–2026 (USD MILLION) 141
11.5.1 SOUTH AMERICA 141
11.5.1.1 Rising FDIs to promote domestic manufacturing to drive the market 141
TABLE 109 AOI MARKET IN SOUTH AMERICA, BY TYPE, 2017–2020 (USD MILLION) 142
TABLE 110 AOI MARKET IN SOUTH AMERICA, BY TYPE, 2021–2026 (USD MILLION) 142
11.5.2 MIDDLE EAST 142
11.5.2.1 Growing aerospace industry to drive the market 142
TABLE 111 AOI MARKET IN MIDDLE EAST, BY TYPE, 2017–2020 (USD MILLION) 142
TABLE 112 AOI MARKET IN MIDDLE EAST, BY TYPE, 2021–2026 (USD MILLION) 143
11.5.3 AFRICA 143
11.5.3.1 Emergence of African economies as an automotive manufacturing hub to drive the market 143
TABLE 113 AOI MARKET IN AFRICA, BY TYPE, 2017–2020 (USD MILLION) 143
TABLE 114 AOI MARKET IN AFRICA, BY TYPE, 2021–2026 (USD MILLION) 143
12 COMPETITIVE LANDSCAPE 144
12.1 OVERVIEW 144
12.2 TOP FIVE COMPANY REVENUE ANALYSIS 144
FIGURE 42 AOI MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2016–2020 144
12.3 MARKET SHARE ANALYSIS, 2020 144
TABLE 115 AOI MARKET SHARE ANALYSIS (2020) 145
12.4 COMPETITIVE LEADERSHIP MAPPING 146
12.4.1 STAR 146
12.4.2 EMERGING LEADER 146
12.4.3 PERVASIVE 147
12.4.4 PARTICIPANT 147
FIGURE 43 AOI MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020 147
12.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION MATRIX, 2020 148
12.5.1 PROGRESSIVE COMPANIES 148
12.5.2 RESPONSIVE COMPANIES 148
12.5.3 DYNAMIC COMPANIES 148
12.5.4 STARTING BLOCKS 148
FIGURE 44 AOI MARKET (GLOBAL), SME EVALUATION QUADRANT, 2020 149
12.6 AOI MARKET: PRODUCT FOOTPRINT 150
TABLE 116 COMPANY FOOTPRINT 150
TABLE 117 INDUSTRY FOOTPRINT OF COMPANIES 151
TABLE 118 REGIONAL FOOTPRINT OF COMPANIES 152
 
12.7 COMPETITIVE SITUATIONS AND TRENDS 153
12.7.1 AOI MARKET: PRODUCT LAUNCHES, APRIL 2019–MARCH 2021 153
12.7.2 AOI MARKET: DEALS, MAY 2019–JANUARY 2021 155
13 COMPANY PROFILES 157
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 INTRODUCTION 157
13.2 KEY PLAYERS 157
13.2.1 KOH YOUNG TECHNOLOGY 157
FIGURE 45 KOH YOUNG TECHNOLOGY: COMPANY SNAPSHOT 158
13.2.2 TEST RESEARCH 161
FIGURE 46 TEST RESEARCH: COMPANY SNAPSHOT 161
13.2.3 OMRON 165
FIGURE 47 OMRON: COMPANY SNAPSHOT 166
13.2.4 VISCOM 168
FIGURE 48 VISCOM: COMPANY SNAPSHOT 169
13.2.5 SAKI CORPORATION 172
13.2.6 NORDSON 176
FIGURE 49 NORDSON: COMPANY SNAPSHOT 177
13.2.7 KLA 179
FIGURE 50 KLA: COMPANY SNAPSHOT 180
13.2.8 CAMTEK 182
FIGURE 51 CAMTEK: COMPANY SNAPSHOT 182
13.2.9 CYBEROPTICS 184
FIGURE 52 CYBEROPTICS: COMPANY SNAPSHOT 185
13.2.10 GOEPEL ELECTRONIC 187
13.3 OTHER PLAYERS 189
13.3.1 MIRTEC 189
13.3.2 MARANTZ ELECTRONICS 190
13.3.3 MACHINE VISION PRODUCTS 190
13.3.4 MYCRONIC AB (VI TECHNOLOGY) 191
13.3.5 AOI SYSTEMS 191
13.3.6 DCB AUTOMATION 192
13.3.7 PEMTRON 192
13.3.8 PARMI 193
13.3.9 STRATUS VISION 193
13.3.10 ASC INTERNATIONAL 194
13.3.11 MANNCORP 194
13.3.12 ASCEN TECHNOLOGY 195
13.3.13 SCREEN PE SOLUTIONS 195
13.3.14 AOI VISION PTE 196
13.3.15 SEHO SYSTEMS 196
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS 197
14.1 MACHINE VISION MARKET, BY END-USER INDUSTRY 197
14.1.1 INTRODUCTION 197
14.1.2 COVID-19 IMPACT ON END-USER INDUSTRY 197
FIGURE 53 AUTOMOTIVE SEGMENT TO HOLD LARGEST SIZE OF MACHINE VISION MARKET IN 2020 197
TABLE 119 PRE-COVID-19: MACHINE VISION MARKET, BY END-USER INDUSTRY,
2017–2025 (USD MILLION) 198
TABLE 120 POST-COVID-19: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION) 198
14.1.3 AUTOMOTIVE 199
14.1.3.1 Machine vision systems offer high accuracy in critical activities such as bin picking and positioning of parts for assembly 199
14.1.3.2 Impact of COVID-19 199
TABLE 121 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION,
2017–2019 (USD MILLION) 200
TABLE 122 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION,
2020–2025 (USD MILLION) 200
TABLE 123 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION) 200
TABLE 124 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION) 201
14.1.4 ELECTRONICS AND SEMICONDUCTOR 201
14.1.4.1 Main objectives of deploying machine vision systems are to improve product quality and increase production volume in a short period of time. 201
14.1.4.2 Impact of COVID-19 202
TABLE 125 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2017–2019 (USD MILLION) 202
TABLE 126 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2020–2025 (USD MILLION) 202
TABLE 127 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION) 202
TABLE 128 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION) 203
14.1.5 CONSUMER ELECTRONICS 203
14.1.5.1 2D and 3D machine vision systems are emerging as powerful technologies for electronics assembly applications 203
14.1.5.2 Impact of COVID-19 203
TABLE 129 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY,
BY REGION, 2017–2019 (USD MILLION) 204
TABLE 130 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY,
BY REGION, 2020–2025 (USD MILLION) 204
TABLE 131 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY,
BY PRODUCT, 2017–2019 (USD MILLION) 204
TABLE 132 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY,
BY PRODUCT, 2020–2025 (USD MILLION) 205
14.1.6 GLASS 205
14.1.6.1 Modern machine vision technology improves operational efficiency, traces defects, reduces wastage, and provides detailed statistical information 205
FIGURE 54 GLASS PRODUCTION IN EUROPE 206
14.1.6.2 Impact of COVID-19 206
TABLE 133 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY REGION,
2017–2019 (USD MILLION) 206
TABLE 134 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY REGION,
2020–2025 (USD MILLION) 206
TABLE 135 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY PRODUCT,
2017–2019 (USD MILLION) 207
TABLE 136 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY PRODUCT,
2020–2025 (USD MILLION) 207
14.1.7 METALS 207
14.1.7.1 Machine vision system enhances product quality by 3D inspection and can be easily incorporated into existing manufacturing systems to enhance the quality of the overall production process 207
14.1.7.2 Impact of COVID-19 207
TABLE 137 MACHINE VISION MARKET FOR METALS INDUSTRY, BY REGION,
2017–2019 (USD MILLION) 208
TABLE 138 MACHINE VISION MARKET FOR METALS INDUSTRY, BY REGION,
2020–2025 (USD MILLION) 208
TABLE 139 MACHINE VISION MARKET FOR METALS INDUSTRY, BY PRODUCT,
2017–2019 (USD MILLION) 208
TABLE 140 MACHINE VISION MARKET FOR METALS INDUSTRY, BY PRODUCT,
2020–2025 (USD MILLION) 209
14.1.8 WOOD & PAPER 209
14.1.8.1 Machine vision systems can work efficiently in different environmental conditions 209
14.1.8.2 Impact of COVID-19 209
TABLE 141 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2017–2019 (USD MILLION) 209
TABLE 142 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2020–2025 (USD MILLION) 210
TABLE 143 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION) 210
TABLE 144 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION) 210
14.1.9 PHARMACEUTICAL 211
 
14.1.9.1 Machine vision systems are used in detecting defects to ensure product quality 211
14.1.9.2 Impact of COVID-19 211
TABLE 145 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2017–2019 (USD MILLION) 211
TABLE 146 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2020–2025 (USD MILLION) 212
TABLE 147 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION) 212
TABLE 148 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION) 212
14.1.10 FOOD AND PACKAGING 212
14.1.10.1 Food 212
14.1.10.1.1 Machine vision systems are pre-trained with the required algorithms that help them understand characteristics such as size, stage of growth, and variety 212
14.1.10.2 Packaging 213
14.1.10.2.1 Machine vision helps in inspection of packaging processes and reduction of errors by carrying out multiple inspections at a single time 213
14.1.10.3 Impact of COVID-19 213
TABLE 149 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY,
BY REGION, 2017–2019 (USD MILLION) 213
TABLE 150 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY,
BY REGION, 2020–2025 (USD MILLION) 214
TABLE 151 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY,
BY PRODUCT, 2017–2019 (USD MILLION) 214
TABLE 152 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY,
BY PRODUCT, 2020–2025 (USD MILLION) 214
14.1.11 RUBBER AND PLASTICS 215
14.1.11.1 Machine vision systems are designed to examine and evaluate parts and determine if the parts are good, bad, or undefined 215
14.1.11.2 Impact of COVID-19 215
TABLE 153 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY,
BY REGION, 2017–2019 (USD MILLION) 215
TABLE 154 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY,
BY REGION, 2020–2025 (USD MILLION) 215
TABLE 155 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY,
BY PRODUCT, 2017–2019 (USD MILLION) 216
TABLE 156 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY,
BY PRODUCT, 2020–2025 (USD MILLION) 216
14.1.12 PRINTING 216
14.1.12.1 Machine vision systems used in digital printing applications check for readable texts and correct number of collated pages 216
14.1.12.2 Impact of COVID-19 216
TABLE 157 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY REGION,
2017–2019 (USD MILLION) 217
TABLE 158 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY REGION,
2020–2025 (USD MILLION) 217
TABLE 159 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY PRODUCT,
2017–2019 (USD MILLION) 217
TABLE 160 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY PRODUCT,
2020–2025 (USD MILLION) 218
14.1.13 MACHINERY 218
14.1.13.1 Machine vision systems help in completing processes much faster and help in detecting defects and validating quality 218
TABLE 161 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY REGION,
2017–2019 (USD MILLION) 218
TABLE 162 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY REGION,
2020–2025 (USD MILLION) 218
TABLE 163 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY PRODUCT,
2017–2019 (USD MILLION) 219
TABLE 164 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY PRODUCT,
2020–2025 (USD MILLION) 219
14.1.14 SOLAR PANEL MANUFACTURING 219
14.1.14.1 Industrial machine vision-based inspection is an important tool for inspecting quality of solar panels 219
14.1.14.2 Impact of COVID-19 219
TABLE 165 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2017–2019 (USD MILLION) 220
TABLE 166 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2020–2025 (USD MILLION) 220
TABLE 167 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION) 220
TABLE 168 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION) 221
14.1.15 TEXTILE 221
14.1.15.1 Machine vision systems help manufacturers produce high-quality textiles while minimizing the costs and maximizing the profits 221
14.1.15.2 Impact of COVID-19 221
TABLE 169 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY REGION,
2017–2019 (USD MILLION) 222
TABLE 170 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY REGION,
2020–2025 (USD MILLION) 222
TABLE 171 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY PRODUCT,
2017–2019 (USD MILLION) 222
TABLE 172 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY PRODUCT,
2020–2025 (USD MILLION) 223
 
15 APPENDIX 224
15.1 DISCUSSION GUIDE 224
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 227
15.3 AVAILABLE CUSTOMIZATIONS 229
15.4 RELATED REPORTS 229
15.5 AUTHOR DETAILS 230

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

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# of Pages:        230

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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