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Quantum Dot Market with COVID-19 Impact Analysis by Material (Cadmium-based, Cadmium-free), Product (Quantum Dot Displays, Other Products), Vertical (...

Publisher:        MarketsandMarkets

# of Pages:        236

Rating: 

1 User License $4,950

Publication Date:  September, 2021

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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 MARKETS COVERED 23
FIGURE 1 QUANTUM DOT MARKET SEGMENTATION 23
1.3.2 GEOGRAPHIC SCOPE 23
FIGURE 2 QUANTUM DOT MARKET: GEOGRAPHIC SCOPE 23
1.3.3 INCLUSIONS AND EXCLUSIONS 24
1.3.4 YEARS CONSIDERED 24
1.4 CURRENCY 24
1.5 LIMITATIONS 25
1.6 SUMMARY OF CHANGES 25
1.7 STAKEHOLDERS 25
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH APPROACH 26
FIGURE 3 QUANTUM DOT MARKET: RESEARCH DESIGN 26
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 List of key primary interview participants 29
2.1.2.3 Breakdown of primaries 29
2.1.2.4 Primary sources 30
2.1.3 SECONDARY AND PRIMARY RESEARCH 31
FIGURE 4 QUANTUM DOT MARKET: RESEARCH APPROACH 31
2.1.3.1 Key industry insights 31
2.2 MARKET SIZE ESTIMATION 32
2.2.1 BOTTOM–UP APPROACH 32
FIGURE 5 BOTTOM–UP APPROACH 32
2.2.2 TOP–DOWN APPROACH 33
FIGURE 6 TOP–DOWN APPROACH 33
2.2.3 QUANTUM DOT MARKET ESTIMATION: DEMAND–SIDE ANALYSIS 34
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND–SIDE ANALYSIS 34
2.2.4 QUANTUM DOT MARKET ESTIMATION: SUPPLY–SIDE ANALYSIS 35
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY–SIDE ANALYSIS 35
 
2.2.5 GROWTH FORECAST ASSUMPTIONS 36
TABLE 1 MARKET GROWTH ASSUMPTIONS 36
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 37
FIGURE 9 DATA TRIANGULATION 37
2.4 RESEARCH ASSUMPTIONS 38
2.5 RISK ASSESSMENT 39
TABLE 2 RISK ASSESSMENT: QUANTUM DOT MARKET 39
3 EXECUTIVE SUMMARY 40
3.1 POST-COVID-19: REALISTIC SCENARIO 40
3.2 POST-COVID-19: OPTIMISTIC SCENARIO 41
3.3 POST–COVID–19: PESSIMISTIC SCENARIO 41
FIGURE 10 PRE–AND POST–COVID–19 SCENARIO ANALYSIS FOR
QUANTUM DOT MARKET, 2017–2026 (USD MILLION) 41
FIGURE 11 QUANTUM DOT MARKET, 2021–2026 (USD MILLION) 42
FIGURE 12 CADMIUM–FREE QUANTUM DOTS TO DOMINATE MARKET IN FORECAST PERIOD 42
FIGURE 13 QUANTUM DOT DISPLAYS TO LEAD MARKET DURING FORECAST PERIOD 43
FIGURE 14 CONSUMER VERTICAL TO BE LARGEST DURING FORECAST PERIOD 43
FIGURE 15 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF
QUANTUM DOT MARKET IN 2020 44
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN QUANTUM DOT MARKET 45
FIGURE 16 GROWING DEMAND FOR QUANTUM DOTS IN DISPLAY DEVICES TO DRIVE MARKET DURING FORECAST PERIOD 45
4.2 QUANTUM DOT MARKET, BY MATERIAL 46
FIGURE 17 CADMIUM–FREE QUANTUM DOTS TO HOLD LARGEST SHARE DURING FORECAST PERIOD 46
4.3 QUANTUM DOT MARKET, BY PRODUCT 46
FIGURE 18 DISPLAYS TO DOMINATE QUANTUM DOT MARKET DURING FORECAST PERIOD 46
4.4 QUANTUM DOT MARKET, BY VERTICAL 47
FIGURE 19 CONSUMER VERTICAL TO COMMAND MAJOR SHARE OF QUANTUM DOT MARKET DURING FORECAST PERIOD 47
4.5 QUANTUM DOT MARKET, BY REGION 47
FIGURE 20 ASIA PACIFIC TO LEAD QUANTUM DOT MARKET DURING FORECAST PERIOD 47
4.6 QUANTUM DOT MARKET IN EUROPE, BY VERTICAL AND COUNTRY, 2020 48
FIGURE 21 CONSUMER VERTICAL AND UK: LARGEST MARKETS IN EUROPE IN 2020 48
 
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
FIGURE 22 QUANTUM DOT MARKET: DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES 49
5.2.1 DRIVERS 50
5.2.1.1 Growing demand for use in display devices 50
5.2.1.2 Advantages of quantum dots over conventional displays 50
TABLE 3 COMPARISON OF DISPLAY TECHNOLOGIES 50
5.2.1.3 Diverse applications of quantum dots 51
FIGURE 23 IMPACT ANALYSIS OF DRIVERS ON QUANTUM DOT MARKET 51
5.2.2 RESTRAINTS 52
5.2.2.1 Limited availability of rare earth materials 52
FIGURE 24 IMPACT ANALYSIS OF RESTRAINTS ON QUANTUM DOT MARKET 52
5.2.3 OPPORTUNITIES 52
5.2.3.1 Increasing demand for large and high–resolution displays 52
5.2.3.2 Increasing adoption of quantum dots in LED products 52
5.2.3.3 Growing use in aerospace & defense applications 53
5.2.3.4 Adoption of quantum dots in agriculture 53
FIGURE 25 IMPACT ANALYSIS OF OPPORTUNITIES ON QUANTUM DOT MARKET 54
5.2.4 CHALLENGES 54
5.2.4.1 Concerns regarding use of toxic and heavy metals 54
5.2.4.2 Adverse impact of falling prices of conventional displays 54
5.2.4.3 Limited awareness about advantages of quantum dots 55
FIGURE 26 IMPACT ANALYSIS OF CHALLENGES ON QUANTUM DOT MARKET 55
5.3 MAJOR QUANTUM DOT PRECURSOR SUPPLIERS 56
5.3.1 SOLVAY CHEMICALS 56
5.3.2 SIGMA–ALDRICH 57
5.3.3 INDIUM CORPORATION 58
5.3.4 STREM CHEMICALS 59
5.3.5 GOOMOO CHEMICAL 60
5.3.6 NIPPON CHEMICAL INDUSTRIAL CO., LTD 60
5.3.7 MATECK 61
5.3.8 AMERICAN ELEMENTS 61
5.3.9 ALFA AESAR (PART OF THERMO FISHER SCIENTIFIC) 62
5.3.10 TOKYO CHEMICAL INDUSTRY CO., LTD 62
 
6 INDUSTRY TRENDS 63
6.1 INTRODUCTION 63
6.2 VALUE CHAIN ANALYSIS 63
FIGURE 27 QUANTUM DOT MARKET: VALUE CHAIN ANALYSIS 63
TABLE 4 QUANTUM DOT MARKET: SUPPLY CHAIN ANALYSIS 64
6.3 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS 65
FIGURE 28 AVERAGE SELLING PRICE (ASP) OF QUANTUM DOT DISPLAYS,
BY DISPLAY SIZE (INCHES) (USD) 65
6.4 LIST OF KEY PATENTS AND INNOVATIONS 66
FIGURE 29 NUMBER OF PATENTS FOR QUANTUM DOTS (2010–2020) 66
FIGURE 30 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2010–2020 66
TABLE 5 TOP 20 PATENT OWNERS FROM 2010–2020 67
TABLE 6 KEY PATENTS AND INNOVATIONS IN QUANTUM DOT MARKET, 2010–2020 68
6.5 KEY TECHNOLOGY TRENDS 69
6.5.1 QLED 69
6.5.2 LABELING AND IMAGING USING QUANTUM DOTS 69
6.6 PORTERS FIVE FORCES ANALYSIS 69
FIGURE 31 QUANTUM DOT MARKET: PORTER’S FIVE FORCES ANALYSIS, 2020 70
FIGURE 32 IMPACT OF PORTER’S FIVE FORCES ON QUANTUM DOT MARKET, 2020 70
TABLE 7 PORTER’S 5 FORCES IMPACT ON QUANTUM DOT MARKET, 2020 71
6.6.1 THREAT OF NEW ENTRANTS 71
6.6.2 THREAT OF SUBSTITUTES 71
6.6.3 BARGAINING POWER OF SUPPLIERS 71
6.6.4 BARGAINING POWER OF BUYERS 72
6.6.5 INTENSITY OF COMPETITIVE RIVALRY 72
6.7 CASE STUDIES 72
6.7.1 DEVELOPMENT OF CUTTING–EDGE QUANTUM DOTS FOR PHOTODYNAMIC THERAPY AND MEDICAL IMAGING 72
TABLE 8 NANOCO GROUP – NANOMEDICINE FOR DIAGNOSIS AND TREATMENT OF CANCER 72
6.7.2 RETROFITTING EXISTING LCD MODULES WITH QUANTUM DOT OPTICAL COMPONENTS 73
TABLE 9 QD VISION – ENHANCING EXISTING LCD MODULES 73
6.7.3 USE OF NANOTECHNOLOGY TO ENHANCE PLANT GROWTH 73
TABLE 10 UBIQD – LUMINESCENT GREENHOUSE FILMS TO FACILITATE ENHANCED LIGHT MANAGEMENT IN GREENHOUSES 73
6.8 TRADE DATA 74
TABLE 11 EXPORT DATA, DIODES, TRANSISTORS, AND SEMICONDUCTOR DEVICES,
HS CODE:8541 (USD BILLION) 74
FIGURE 33 EXPORT VALUE FOR PRODUCTS UNDER HS CODE: 8541 FOR MAJOR COUNTRIES 74
TABLE 12 IMPORT DATA, DIODES, TRANSISTORS, AND SEMICONDUCTOR DEVICES,
HS CODE: 8541 (USD BILLION) 75
FIGURE 34 IMPORT VALUE FOR PRODUCTS UNDER HS CODE: 8541
FOR MAJOR COUNTRIES 75
6.9 REGULATORY ENVIRONMENT 76
6.9.1 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) DIRECTIVE 76
6.9.2 ENVIRONMENTAL PROTECTION AGENCY (EPA) GUIDELINES (US) 76
6.10 QUANTUM DOT MARKET ECOSYSTEM 77
FIGURE 35 QUANTUM DOT DISPLAY ECOSYSTEM 77
6.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 78
FIGURE 36 REVENUE SHIFT FOR QUANTUM DOT MARKET 78
7 QUANTUM DOT PRODUCTION TECHNIQUES 79
7.1 INTRODUCTION 79
7.2 COLLOIDAL SYNTHESIS 79
7.3 PLASMA SYNTHESIS 79
7.4 FABRICATION 80
7.4.1 LITHOGRAPHY 80
7.4.1.1 Electron–beam lithography 80
7.4.1.2 Soft lithography 81
7.4.1.3 Stencil lithography 81
7.4.1.4 Nanolithography 81
7.4.1.5 Photopatternable array 81
7.5 BIO–MOLECULAR SELF–ASSEMBLY 81
7.6 VIRAL ASSEMBLY 81
7.7 ELECTROCHEMICAL ASSEMBLY 82
7.8 BULK MANUFACTURING 82
8 QUANTUM DOT MARKET, BY MATERIAL 83
8.1 INTRODUCTION 84
TABLE 13 QUANTUM DOT MARKET, BY MATERIAL, 2017–2020 (USD MILLION) 84
FIGURE 37 CADMIUM–FREE QUANTUM DOTS TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 84
TABLE 14 QUANTUM DOT MARKET, BY MATERIAL, 2021–2026 (USD MILLION) 85
8.2 CADMIUM–FREE QUANTUM DOTS 85
8.2.1 ADVERSE EFFECTS OF CADMIUM ON HEALTH AND ENVIRONMENT LEAD TO DECLINE IN GROWTH 85
8.2.2 INDIUM ARSENIDE QUANTUM DOTS 85
8.2.2.1 Indium arsenide quantum dots can be used in photodetectors and diode lasers 85
8.2.3 SILICON QUANTUM DOTS 86
8.2.3.1 Non–toxicity and abundant availability make silicon a suitable alternative for cadmium and lead 86
8.2.4 GRAPHENE QUANTUM DOTS 86
8.2.4.1 Graphene quantum dots witness high demand due to low toxicity and stable photo luminance 86
8.2.5 PEROVSKITE QUANTUM DOTS 86
8.2.5.1 Bright photoluminescence boosts surge in demand for perovskite quantum dots 86
8.2.6 LEAD SULFIDE QUANTUM DOTS 87
8.2.6.1 Low fabrication cost and good optoelectronic properties boost demand for lead sulfide quantum dots for displays 87
8.3 CADMIUM–BASED QUANTUM DOTS 87
8.3.1 CADMIUM–BASED QUANTUM DOTS OFFER EXTENSIVE UV EXCITATION, BRIGHT PHOTOLUMINESCENCE, AND HIGH STABILITY 87
8.3.2 CADMIUM SELENIDE QUANTUM DOTS 87
8.3.2.1 Cadmium selenide quantum dots – viable for use in a wide range of applications 87
8.3.3 CADMIUM SULFIDE QUANTUM DOTS 87
8.3.4 CADMIUM TELLURIDE QUANTUM DOTS 88
8.3.4.1 Cadmium telluride quantum dots – mainly used for spectroscopy applications 88
9 QUANTUM DOT MARKET, BY PRODUCT 89
9.1 INTRODUCTION 90
TABLE 15 QUANTUM DOT MARKET, BY PRODUCT, 2017–2020 (USD MILLION) 90
FIGURE 38 QUANTUM DOT DISPLAYS TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 90
TABLE 16 QUANTUM DOT MARKET, BY PRODUCT, 2021–2026 (USD MILLION) 90
TABLE 17 QUANTUM DOT MARKET, BY PRODUCT TYPE, 2017–2020 (USD MILLION) 91
TABLE 18 QUANTUM DOT MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION) 91
9.2 QUANTUM DOT DISPLAYS 92
9.2.1 NARROW SPECTRUM AND HIGH STABILITY MAKE QUANTUM DOT DISPLAYS SUITABLE ALTERNATIVE TO CONVENTIONAL DISPLAYS 92
TABLE 19 QUANTUM DOT DISPLAY SHIPMENTS, 2020–2026 (MILLION UNITS) 92
TABLE 20 QUANTUM DOT DISPLAY MARKET, BY TYPE, 2017–2020 (USD MILLION) 92
TABLE 21 QUANTUM DOT DISPLAY MARKET, BY TYPE, 2021–2026 (USD MILLION) 93
TABLE 22 QUANTUM DOT DISPLAY MARKET, BY VERTICAL, 2017–2020 (USD MILLION) 93
FIGURE 39 CONSUMER VERTICAL TO HOLD LARGEST SHARE OF QUANTUM DOT DISPLAY MARKET DURING FORECAST PERIOD 93
TABLE 23 QUANTUM DOT DISPLAY MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 94
9.2.2 QUANTUM DOT ENHANCED FILMS (QD LCD/QDEF) 94
9.2.2.1 Quantum dot enhanced films to dominate quantum dot display market 94
9.2.3 QUANTUM DOT COLOR FILTERS 94
9.2.3.1 Advantages such as improved brightness and wide viewing angles boost demand for quantum dot color filters 94
9.2.4 SELF–EMITTING QLEDS/TRUE QLEDS 95
9.2.4.1 Self–emitting QLEDs to be commercialized soon 95
 
9.3 QUANTUM DOT LASERS 95
9.3.1 HIGH OUTPUT POWER AND SUPERIOR TEMPERATURE STABILITY FUEL DEMAND FOR QUANTUM DOT LASERS 95
TABLE 24 QUANTUM DOT LASERS MARKET, BY VERTICAL, 2017–2020 (USD MILLION) 95
FIGURE 40 TELECOMMUNICATIONS TO DOMINATE QUANTUM DOT LASERS MARKET DURING FORECAST PERIOD 96
TABLE 25 QUANTUM DOT LASERS MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 96
9.4 QUANTUM DOT SOLAR CELLS 97
9.4.1 QUANTUM DOT SOLAR CELLS CAPTURE SOLAR ENERGY MORE COST–EFFECTIVELY 97
TABLE 26 QUANTUM DOT SOLAR CELLS MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 97
9.5 QUANTUM DOT MEDICAL DEVICES 98
9.5.1 DIVERSE APPLICATIONS OF QUANTUM DOT MEDICAL DEVICES EXPECTED TO DRIVE MARKET GROWTH 98
TABLE 27 QUANTUM DOT MEDICAL DEVICES MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 98
9.6 QUANTUM DOT PHOTODETECTORS/SENSORS 99
9.6.1 LOW COST AND SUPERIOR QUALITY DRIVE SEGMENT GROWTH 99
TABLE 28 QUANTUM DOT PHOTODETECTORS/SENSORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 99
9.7 QUANTUM DOT LIGHTING (LED) PRODUCTS 100
9.7.1 QUANTUM DOT LEDS DELIVER HIGHER BRIGHTNESS, EFFICIENCY, AND STABILITY THAN PHOSPHOR LEDS 100
TABLE 29 QUANTUM DOT LIGHTING (LED) PRODUCTS MARKET, BY VERTICAL,
2017–2020 (USD MILLION) 100
FIGURE 41 CONSUMER VERTICAL TO LEAD QUANTUM DOT LIGHTING (LED) PRODUCTS DURING FORECAST PERIOD 101
TABLE 30 QUANTUM DOT LIGHTING (LED) PRODUCTS MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 101
9.8 QUANTUM DOT BATTERIES AND ENERGY STORAGE SYSTEMS 102
9.8.1 QUANTUM DOT NANOCRYSTAL SOLUTIONS DELIVER 5 TIMES MORE POWER THAN CONVENTIONAL BATTERIES 102
TABLE 31 QUANTUM DOT BATTERIES AND ENERGY STORAGE SYSTEMS MARKET,
BY VERTICAL, 2021–2026 (USD MILLION) 102
9.9 QUANTUM DOT TRANSISTORS 103
9.9.1 ADVANTAGES OF QUANTUM DOT TRANSISTORS OVER CONVENTIONAL ONES DRIVES SEGMENT 103
TABLE 32 QUANTUM DOT TRANSISTORS MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 103
9.10 QUANTUM DOT CHIPS & TAGS 104
9.10.1 HIGH SECURITY AUTHENTICATION TO ACCELERATE DEMAND FOR QUANTUM DOT CHIPS & TAGS 104
TABLE 33 QUANTUM DOT CHIPS & TAGS MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 104
 
10 QUANTUM DOT MARKET, BY VERTICAL 105
10.1 INTRODUCTION 106
TABLE 34 QUANTUM DOT MARKET, BY VERTICAL, 2017–2020 (USD MILLION) 106
FIGURE 42 HEALTHCARE VERTICAL TO HAVE HIGHEST CAGR DURING FORECAST PERIOD 106
TABLE 35 QUANTUM DOT MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 107
10.2 CONSUMER 107
10.2.1 GROWING DEMAND FOR SUPERIOR DISPLAYS TO DRIVE CONSUMER VERTICAL 107
TABLE 36 QUANTUM DOT MARKET FOR CONSUMER VERTICAL, BY PRODUCT,
2017–2020 (USD MILLION) 108
TABLE 37 QUANTUM DOT MARKET FOR CONSUMER VERTICAL, BY PRODUCT,
2021–2026 (USD MILLION) 108
TABLE 38 QUANTUM DOT MARKET FOR CONSUMER VERTICAL, BY REGION,
2017–2020 (USD MILLION) 109
TABLE 39 QUANTUM DOT MARKET FOR CONSUMER VERTICAL, BY REGION,
2021–2026 (USD MILLION) 109
TABLE 40 NORTH AMERICA: QUANTUM DOT MARKET FOR CONSUMER VERTICAL,
BY COUNTRY, 2017–2020 (USD MILLION) 109
FIGURE 43 US TO LEAD QUANTUM DOT MARKET FOR CONSUMER VERTICAL DURING FORECAST PERIOD 110
TABLE 41 NORTH AMERICA: QUANTUM DOT MARKET FOR CONSUMER VERTICAL,
BY COUNTRY, 2021–2026 (USD MILLION) 110
TABLE 42 EUROPE: QUANTUM DOT MARKET FOR CONSUMER VERTICAL, BY COUNTRY, 2017–2020 (USD MILLION) 110
TABLE 43 EUROPE: QUANTUM DOT MARKET FOR CONSUMER VERTICAL, BY COUNTRY, 2021–2026 (USD MILLION) 111
TABLE 44 ASIA PACIFIC: QUANTUM DOT MARKET FOR CONSUMER VERTICAL,
BY COUNTRY, 2017–2020 (USD MILLION) 111
TABLE 45 ASIA PACIFIC: QUANTUM DOT MARKET FOR CONSUMER VERTICAL,
BY COUNTRY, 2021–2026 (USD MILLION) 111
TABLE 46 ROW: QUANTUM DOT MARKET FOR CONSUMER VERTICAL, BY REGION, 2017–2020 (USD MILLION) 112
TABLE 47 ROW: QUANTUM DOT MARKET FOR CONSUMER VERTICAL, BY REGION, 2021–2026 (USD MILLION) 112
10.3 COMMERCIAL 112
10.3.1 QUANTUM DOT LIGHTING PRODUCTS EXPECTED TO WITNESS HIGH GROWTH IN COMMERCIAL VERTICAL 112
TABLE 48 QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL, BY PRODUCT,
2017–2020 (USD MILLION) 113
TABLE 49 QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL, BY PRODUCT,
2021–2026 (USD MILLION) 113
TABLE 50 QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2017–2020 (USD MILLION) 114
TABLE 51 QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2021–2026 (USD MILLION) 114
TABLE 52 NORTH AMERICA: QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2017–2020 (USD MILLION) 114
TABLE 53 NORTH AMERICA: QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2021–2026 (USD MILLION) 115
TABLE 54 EUROPE: QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2017–2020 (USD MILLION) 115
TABLE 55 EUROPE: QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2021–2026 (USD MILLION) 115
TABLE 56 ASIA PACIFIC: QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2017–2020 (USD MILLION) 116
FIGURE 44 INDIA TO REGISTER HIGHEST CAGR FOR COMMERCIAL VERTICAL DURING FORECAST PERIOD 116
TABLE 57 ASIA PACIFIC: QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2021–2026 (USD MILLION) 117
TABLE 58 ROW: QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2017–2026 (USD MILLION) 117
TABLE 59 ROW: QUANTUM DOT MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2021–2026 (USD MILLION) 117
10.3.2 RETAIL 118
10.3.2.1 Need for enhanced customer experience boosts use of quantum dot displays and lighting in retail sector 118
10.3.3 CORPORATE 118
10.3.3.1 Quantum dot displays mainly used for information broadcasting in corporate sector 118
10.3.4 HOSPITALITY 118
10.3.4.1 Quantum dot displays in the hospitality sector employed to enhance user experience 118
10.4 HEALTHCARE 119
10.4.1 INCREASED EFFICIENCY AND BRIGHTNESS DRIVE ADOPTION OF QUANTUM DOTS IN HEALTHCARE 119
TABLE 60 QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL, BY PRODUCT,
2017–2020 (USD MILLION) 119
TABLE 61 QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL, BY PRODUCT,
2021–2026 (USD MILLION) 120
TABLE 62 QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL, BY REGION,
2017–2020 (USD MILLION) 120
FIGURE 45 NORTH AMERICA TO DOMINATE QUANTUM DOT MARKET FOR HEALTHCARE DURING FORECAST PERIOD 121
TABLE 63 QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL, BY REGION,
2021–2026 (USD MILLION) 121
TABLE 64 NORTH AMERICA: QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL,
BY COUNTRY, 2017–2020 (USD MILLION) 121
TABLE 65 NORTH AMERICA: QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL,
BY COUNTRY, 2021–2026 (USD MILLION) 122
TABLE 66 EUROPE: QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL, BY COUNTRY, 2017–2020 (USD MILLION) 122
TABLE 67 EUROPE: QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL, BY COUNTRY, 2021–2026 (USD MILLION) 122
TABLE 68 ASIA PACIFIC: QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL,
BY COUNTRY, 2017–2020 (USD MILLION) 123
TABLE 69 ASIA PACIFIC: QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL,
BY COUNTRY, 2021–2026 (USD MILLION) 123
TABLE 70 ROW: QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL, BY REGION, 2017–2020 (USD MILLION) 123
TABLE 71 ROW: QUANTUM DOT MARKET FOR HEALTHCARE VERTICAL, BY REGION, 2021–2026 (USD MILLION) 124
10.4.2 BIOLOGICAL IMAGING 124
10.4.2.1 Quantum dots can be used to develop probes for biological imaging 124
10.4.3 CELLULAR LABELING 124
10.4.3.1 High brightness and narrow emission spectrums make quantum dots suitable for cellular labeling 124
10.4.4 DNA LABELING 124
10.4.4.1 Superior optical properties make quantum dots suitable for DNA labeling 124
10.4.5 CANCER DIAGNOSIS 125
10.4.5.1 Quantum dots can help in detecting primary tumors at an early stage 125
10.5 DEFENSE 125
10.5.1 HIGH PHOTOSTABILITY BOOSTS USE OF QUANTUM DOTS IN DEFENSE APPLICATIONS 125
TABLE 72 QUANTUM DOT MARKET FOR DEFENSE VERTICAL, BY PRODUCT,
2017–2020 (USD MILLION) 125
FIGURE 46 QUANTUM DOT DISPLAYS TO COMMAND LARGEST MARKET SHARE IN DEFENSE VERTICAL 126
TABLE 73 QUANTUM DOT MARKET FOR DEFENSE VERTICAL, BY PRODUCT,
2021–2026 (USD MILLION) 126
TABLE 74 QUANTUM DOT MARKET FOR DEFENSE VERTICAL, BY REGION,
2017–2020 (USD MILLION) 127
TABLE 75 QUANTUM DOT MARKET FOR DEFENSE VERTICAL, BY REGION,
2021–2026 (USD MILLION) 127
TABLE 76 NORTH AMERICA: QUANTUM DOT MARKET FOR DEFENSE VERTICAL,
BY COUNTRY, 2017–2020 (USD MILLION) 127
TABLE 77 NORTH AMERICA: QUANTUM DOT MARKET FOR DEFENSE VERTICAL,
BY COUNTRY, 2021–2026 (USD MILLION) 128
TABLE 78 EUROPE: QUANTUM DOT MARKET FOR DEFENSE VERTICAL, BY COUNTRY, 2017–2020 (USD MILLION) 128
TABLE 79 EUROPE: QUANTUM DOT MARKET FOR DEFENSE VERTICAL, BY COUNTRY, 2021–2026 (USD MILLION) 128
TABLE 80 ASIA PACIFIC: QUANTUM DOT MARKET FOR DEFENSE VERTICAL,
BY COUNTRY, 2017–2020 (USD MILLION) 129
TABLE 81 ASIA PACIFIC: QUANTUM DOT MARKET FOR DEFENSE VERTICAL,
BY COUNTRY, 2021–2026 (USD MILLION) 129
TABLE 82 ROW: QUANTUM DOT MARKET FOR DEFENSE VERTICAL, BY REGION,
2017–2020 (USD MILLION) 129
TABLE 83 ROW: QUANTUM DOT MARKET FOR DEFENSE VERTICAL, BY REGION,
2021–2026 (USD MILLION) 130
 
10.6 TELECOMMUNICATIONS 130
10.6.1 QUANTUM DOTS TO REVOLUTIONIZE TELECOMMUNICATIONS DURING FORECAST PERIOD 130
TABLE 84 QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL,
BY PRODUCT, 2017–2020 (USD MILLION) 130
TABLE 85 QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL,
BY PRODUCT, 2021–2026 (USD MILLION) 131
TABLE 86 QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL, BY REGION, 2017–2020 (USD MILLION) 131
FIGURE 47 ASIA PACIFIC TO HOLD LARGEST SHARE FOR TELECOMMUNICATIONS VERTICAL DURING FORECAST PERIOD 132
TABLE 87 QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL, BY REGION, 2021–2026 (USD MILLION) 132
TABLE 88 NORTH AMERICA: QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL, BY COUNTRY, 2017–2020 (USD MILLION) 133
TABLE 89 NORTH AMERICA: QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL, BY COUNTRY, 2021–2026 (USD MILLION) 133
TABLE 90 EUROPE: QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL,
BY COUNTRY, 2017–2020 (USD MILLION) 133
TABLE 91 EUROPE: QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL,
BY COUNTRY, 2021–2026 (USD MILLION) 134
TABLE 92 ASIA PACIFIC: QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL, BY COUNTRY, 2017–2020 (USD MILLION) 134
TABLE 93 ASIA PACIFIC: QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL, BY COUNTRY, 2021–2026 (USD MILLION) 134
TABLE 94 ROW: QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL,
BY REGION, 2017–2020 (USD MILLION) 135
TABLE 95 ROW: QUANTUM DOT MARKET FOR TELECOMMUNICATIONS VERTICAL,
BY REGION, 2021–2026 (USD MILLION) 135
10.7 OTHERS 135
TABLE 96 QUANTUM DOT MARKET FOR OTHER VERTICALS, BY PRODUCT,
2017–2020 (USD MILLION) 135
TABLE 97 QUANTUM DOT MARKET FOR OTHER VERTICALS, BY PRODUCT,
2021–2026 (USD MILLION) 136
TABLE 98 QUANTUM DOT MARKET FOR OTHER VERTICALS, BY REGION,
2017–2020 (USD MILLION) 136
FIGURE 48 ASIA PACIFIC TO LEAD QUANTUM DOT MARKET FOR OTHER VERTICALS DURING FORECAST PERIOD 137
TABLE 99 QUANTUM DOT MARKET FOR OTHER VERTICALS, BY REGION,
2021–2026 (USD MILLION) 137
TABLE 100 NORTH AMERICA: QUANTUM DOT MARKET FOR OTHER VERTICALS,
BY COUNTRY, 2017–2020 (USD MILLION) 137
TABLE 101 NORTH AMERICA: QUANTUM DOT MARKET FOR OTHER VERTICALS,
BY COUNTRY, 2021–2026 (USD MILLION) 138
TABLE 102 EUROPE: QUANTUM DOT MARKET FOR OTHER VERTICALS, BY COUNTRY, 2017–2020 (USD MILLION) 138
TABLE 103 EUROPE: QUANTUM DOT MARKET FOR OTHER VERTICALS, BY COUNTRY, 2021–2026 (USD MILLION) 138
TABLE 104 ASIA PACIFIC: QUANTUM DOT MARKET FOR OTHER VERTICALS, BY COUNTRY, 2017–2020 (USD MILLION) 139
TABLE 105 ASIA PACIFIC: QUANTUM DOT MARKET FOR OTHER VERTICALS, BY COUNTRY, 2021–2026 (USD MILLION) 139
TABLE 106 ROW: QUANTUM DOT MARKET FOR OTHER VERTICALS, BY REGION,
2017–2020 (USD MILLION) 139
TABLE 107 ROW: QUANTUM DOT MARKET FOR OTHER VERTICALS, BY REGION,
2021–2026 (USD MILLION) 140
10.7.1 MANUFACTURING 140
10.7.1.1 Quantum dots widely used in chemical vapor deposition and colloidal synthesis 140
10.7.2 TRANSPORTATION 140
10.7.2.1 Quantum dots find application in flat panel displays and solid–state lighting 140
10.7.3 EDUCATION 140
10.7.3.1 Quantum dot displays to be used for visual learning 140
10.7.4 SPORTS & ENTERTAINMENT 141
10.7.4.1 Increasing demand for displays to drive market growth for sports and entertainment verticals 141
10.7.5 AGRICULTURE 141
10.7.5.1 Quantum dot films in greenhouses provide optimal growth environment for plant growth 141
11 GEOGRAPHIC ANALYSIS 142
11.1 INTRODUCTION 143
FIGURE 49 INDIAN QUANTUM DOT MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 143
TABLE 108 QUANTUM DOT MARKET, BY REGION, 2017–2020 (USD MILLION) 143
FIGURE 50 ASIA PACIFIC TO DOMINATE QUANTUM DOT MARKET DURING FORECAST PERIOD 144
TABLE 109 QUANTUM DOT MARKET, BY REGION, 2021–2026 (USD MILLION) 144
11.2 NORTH AMERICA 145
FIGURE 51 NORTH AMERICA: QUANTUM DOT MARKET SNAPSHOT 145
TABLE 110 NORTH AMERICA: QUANTUM DOT MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 146
FIGURE 52 US TO HOLD LARGEST SHARE OF QUANTUM DOT MARKET IN NORTH AMERICA DURING FORECAST PERIOD 146
TABLE 111 NORTH AMERICA: QUANTUM DOT MARKET, BY COUNTRY,
2021–2026 (USD MILLION) 146
TABLE 112 NORTH AMERICA: QUANTUM DOT MARKET, BY VERTICAL,
2017–2020 (USD MILLION) 147
TABLE 113 NORTH AMERICA: QUANTUM DOT MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 147
11.2.1 US 147
11.2.1.1 High awareness and adoption of quantum dot technology to drive market in US 147
 
11.2.2 CANADA 148
11.2.2.1 Manufacturers in Canada developing quantum dots for various applications 148
11.2.3 MEXICO 148
11.2.3.1 Quantum dots to witness significantly high demand in Mexico 148
11.2.4 IMPACT OF COVID–19 ON NORTH AMERICA 148
11.3 EUROPE 149
FIGURE 53 EUROPE: QUANTUM DOT MARKET SNAPSHOT 149
TABLE 114 EUROPE: QUANTUM DOT MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 150
FIGURE 54 UK TO DOMINATE QUANTUM DOT MARKET IN EUROPE DURING FORECAST PERIOD 150
TABLE 115 EUROPE: QUANTUM DOT MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 150
TABLE 116 EUROPE: QUANTUM DOT MARKET, BY VERTICAL, 2017–2026 (USD MILLION) 151
TABLE 117 EUROPE: QUANTUM DOT MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 151
11.3.1 UK 152
11.3.1.1 Growing demand for displays drives quantum dot displays market in UK 152
11.3.2 GERMANY 152
11.3.2.1 Rapid development of public infrastructure and healthcare industry drive market growth in Germany 152
11.3.3 FRANCE 152
11.3.3.1 Growing demand for display and digital signage products fuels market growth in France 152
11.3.4 ITALY 153
11.3.4.1 Surge in demand for quantum dot displays to drive market growth in Italy 153
11.3.5 SPAIN 153
11.3.5.1 Increasing demand for signage products presents new opportunities in Spain 153
11.3.6 REST OF EUROPE 153
11.3.7 IMPACT OF COVID–19 ON EUROPE 153
11.4 ASIA PACIFIC 154
FIGURE 55 ASIA PACIFIC: QUANTUM DOT MARKET SNAPSHOT 154
TABLE 118 ASIA PACIFIC QUANTUM DOT MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 155
FIGURE 56 INDIA TO GROW AT HIGHEST CAGR IN ASIA PACIFIC DURING FORECAST PERIOD 155
TABLE 119 ASIA PACIFIC: QUANTUM DOT MARKET, BY COUNTRY,
2021–2026 (USD MILLION) 155
TABLE 120 ASIA PACIFIC: QUANTUM DOT MARKET, BY VERTICAL,
2017–2020 (USD MILLION) 156
TABLE 121 ASIA PACIFIC: QUANTUM DOT MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 156
11.4.1 CHINA 157
11.4.1.1 China to dominate market in Asia Pacific during forecast period 157
 
11.4.2 JAPAN 157
11.4.2.1 Increasing demand for displays and quantum dot lasers for telecommunication boosts Japan market 157
11.4.3 SOUTH KOREA 157
11.4.3.1 Presence of established display manufacturers drives market in South Korea 157
11.4.4 INDIA 158
11.4.4.1 Growing demand for displays fuels quantum dot market in India 158
11.4.5 REST OF ASIA PACIFIC 158
11.4.6 IMPACT OF COVID–19 ON ASIA PACIFIC 159
11.5 REST OF THE WORLD (ROW) 159
TABLE 122 ROW: QUANTUM DOT MARKET, BY REGION, 2017–2020 (USD MILLION) 159
FIGURE 57 MIDDLE EAST & AFRICA TO HOLD LARGEST SHARE OF QUANTUM DOT MARKET IN ROW DURING FORECAST PERIOD 160
TABLE 123 ROW: QUANTUM DOT MARKET, BY REGION, 2021–2026 (USD MILLION) 160
TABLE 124 ROW: QUANTUM DOT MARKET, BY VERTICAL, 2017–2020 (USD MILLION) 160
TABLE 125 ROW: QUANTUM DOT MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 161
11.5.1 MIDDLE EAST & AFRICA 161
11.5.1.1 Digitalization and demand for high–tech products boost Middle East & Africa market 161
11.5.2 SOUTH AMERICA 162
11.5.2.1 Market in South America driven by increasing demand for sensors, transistors, lasers 162
11.5.3 IMPACT OF COVID–19 ON ROW 162
12 COMPETITIVE LANDSCAPE 163
12.1 INTRODUCTION 163
FIGURE 58 COMPANIES ADOPTED PRODUCT LAUNCHES AS
THE KEY GROWTH STRATEGY FROM 2016–2021 163
12.2 MARKET SHARE ANALYSIS 164
TABLE 126 MARKET SHARE ANALYSIS OF KEY COMPANIES IN QUANTUM DOT, 2020 164
12.3 MARKET EVALUATION FRAMEWORK 166
FIGURE 59 QUANTUM DOT MARKET EVALUATION FRAMEWORK 166
12.4 HISTORICAL REVENUE ANALYSIS, 2018–2020 166
FIGURE 60 HISTORICAL REVENUE ANALYSIS OF MAJOR COMPANIES,
2018–2020 (USD BILLION) 166
12.5 COMPANY EVALUATION QUADRANT 167
12.5.1 STAR 167
12.5.2 EMERGING LEADER 167
12.5.3 PERVASIVE 167
12.5.4 PARTICIPANT 167
FIGURE 61 QUANTUM DOT MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2020 168
 
12.6 STARTUP/SME EVALUATION QUADRANT 169
12.6.1 PROGRESSIVE COMPANIES 169
12.6.2 RESPONSIVE COMPANIES 169
12.6.3 DYNAMIC COMPANIES 169
12.6.4 STARTING BLOCKS 169
FIGURE 62 QUANTUM DOT MARKET (GLOBAL): STARTUP
/SME EVALUATION MATRIX, 2020 170
TABLE 127 COMPANY PRODUCT FOOTPRINT 171
TABLE 128 COMPANY INDUSTRY FOOTPRINT 172
TABLE 129 COMPANY APPLICATION FOOTPRINT 173
TABLE 130 COMPANY REGION FOOTPRINT 174
12.7 COMPETITIVE SCENARIO 175
12.7.1 PRODUCT LAUNCHES AND DEVELOPMENTS 175
TABLE 131 PRODUCT LAUNCHES AND DEVELOPMENTS, 2016–2021 175
12.7.2 DEALS 179
TABLE 132 DEALS (PARTNERSHIPS, AGREEMENTS, COLLABORATIONS, AND
MERGERS & ACQUISITIONS), 2017–2021 179
13 COMPANY PROFILES 183
13.1 INTRODUCTION 183
(Business Overview, Products, Solutions, & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
13.2 KEY PLAYERS 183
13.2.1 NANOSYS 183
TABLE 133 NANOSYS: COMPANY OVERVIEW 183
TABLE 134 NANOSYS: PRODUCT LAUNCHES 184
TABLE 135 NANOSYS: DEALS 185
13.2.2 SAMSUNG ELECTRONICS 187
TABLE 136 SAMSUNG ELECTRONICS: COMPANY OVERVIEW 187
FIGURE 63 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT 188
TABLE 137 SAMSUNG ELECTRONICS: PRODUCT LAUNCHES 189
13.2.3 NANOCO GROUP 191
TABLE 138 NANOCO GROUP: COMPANY OVERVIEW 191
FIGURE 64 NANOCO GROUP: COMPANY SNAPSHOT 192
TABLE 139 NANOCO GROUP: PRODUCT LAUNCHES 193
TABLE 140 NANOCO GROUP: DEALS 194
13.2.4 NNCRYSTAL US CORPORATION 196
TABLE 141 NNCRYSTAL: COMPANY OVERVIEW 196
TABLE 142 NNCRYSTAL: PRODUCT LAUNCHES 197
13.2.5 QD LASER 198
TABLE 143 QD LASER: COMPANY OVERVIEW 198
FIGURE 65 QD LASER: COMPANY SNAPSHOT 199
TABLE 144 QD LASER: PRODUCT LAUNCHES 200
 
13.2.6 MERCK GROUP 202
TABLE 145 MERCK GROUP: COMPANY OVERVIEW 202
FIGURE 66 MERCK GROUP: COMPANY SNAPSHOT 203
TABLE 146 MERCK GROUP: PRODUCT LAUNCHES 204
TABLE 147 MERCK GROUP: DEALS 204
13.2.7 NANOPHOTONICA 205
TABLE 148 NANOPHOTONICA: COMPANY OVERVIEW 205
TABLE 149 NANOPHOTONICA: PRODUCT LAUNCHES 205
TABLE 150 NANOPHOTONICA: DEALS 206
13.2.8 OSRAM LICHT 207
TABLE 151 OSRAM LICHT: COMPANY OVERVIEW 207
FIGURE 67 OSRAM LICHT: COMPANY SNAPSHOT 208
TABLE 152 OSRAM LICHT: PRODUCT LAUNCHES 209
TABLE 153 OSRAM LICHT: DEALS 209
13.2.9 CRYSTALPLEX CORPORATION 211
TABLE 154 CRYSTALPLEX CORPORATION: COMPANY OVERVIEW 211
TABLE 155 CRYSTALPLEX CORPORATION: PRODUCT LAUNCHES 211
13.2.10 LG ELECTRONICS 212
TABLE 156 LG ELECTRONICS: COMPANY OVERVIEW 212
FIGURE 68 LG ELECTRONICS: COMPANY SNAPSHOT 213
TABLE 157 LG ELECTRONICS: PRODUCT LAUNCHES 214
13.2.11 DUPONT 215
TABLE 158 DUPONT: COMPANY OVERVIEW 215
FIGURE 69 DUPONT: COMPANY SNAPSHOT 216
TABLE 159 DUPONT: PRODUCT LAUNCHES 217
13.3 OTHER KEY PLAYERS 218
13.3.1 QUANTUM MATERIALS CORP 218
13.3.2 OCEAN NANOTECH 219
13.3.3 NAVILLUM NANOTECHNOLOGIES 220
13.3.4 UBIQD 221
13.3.5 FRAUNHOFER INSTITUTE FOR APPLIED POLYMER RESEARCH
(FRAUNHOFER IAP) 221
13.3.6 QUANTUM SOLUTIONS 222
13.3.7 RANOVUS 222
13.3.8 INNOLUME 223
13.3.9 AVANTAMA 223
13.3.10 TCL 224
13.3.11 VIZIO 224
13.3.12 SONY 225
13.3.13 HISENSE 225
13.3.14 THERMO FISHER SCIENTIFIC 226
*Details on Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX 227
14.1 INSIGHTS FROM INDUSTRY EXPERTS 227
14.2 DISCUSSION GUIDE 228
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 231
14.4 AVAILABLE CUSTOMIZATIONS 233
14.5 RELATED REPORTS 233
14.6 AUTHOR DETAILS 234

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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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