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Gesture Recognition and Touchless Sensing Market with COVID-19 Impact Analysis by Technology (Touch-based, Touchless), Type, Product (Touchless Biomet...

Publisher:        MarketsandMarkets

# of Pages:        232

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Publication Date:  October, 2021

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1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.2 DEFINITION 33
1.2.1 GENERAL INCLUSIONS & EXCLUSIONS OF THE STUDY 34
1.2.2 INCLUSIONS & EXCLUSIONS AT THE PRODUCT LEVEL 34
1.2.3 INCLUSIONS & EXCLUSIONS AT THE TECHNOLOGY LEVEL 34
1.3 STUDY SCOPE 35
1.3.1 MARKETS COVERED 35
FIGURE 1 GESTURE RECOGNITION MARKET SEGMENTATION 35
FIGURE 2 TOUCHLESS SENSING MARKET SEGMENTATION 35
1.3.2 GEOGRAPHIC ANALYSIS 36
1.3.3 YEARS CONSIDERED 36
1.4 CURRENCY 36
1.5 LIMITATIONS 37
1.6 STAKEHOLDERS 37
1.7 SUMMARY OF CHANGES 37
2 RESEARCH METHODOLOGY 39
2.1 RESEARCH DATA 39
FIGURE 3 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET:
RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 41
2.1.1.1 Key data from secondary sources 41
2.1.1.2 Key secondary sources 41
2.1.2 PRIMARY DATA 42
2.1.2.1 Key data from primary sources 42
2.1.2.2 Key participants in primary processes across the value chain of the gesture recognition and touchless sensing market 43
2.1.2.3 Breakdown of primary interviews 43
2.1.2.4 Key industry insights 43
2.1.3 SECONDARY AND PRIMARY RESEARCH 44
2.2 MARKET SIZE ESTIMATION 44
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY MARKET PLAYERS IN THE GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET 45
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN THE GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET 45
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) —BOTTOM-UP ESTIMATION OF GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET, BY GEOGRAPHY 46
2.2.1 BOTTOM-UP APPROACH 46
2.2.1.1 Approach for capturing the market size by bottom-up analysis 46
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 47
2.2.2 TOP-DOWN APPROACH 47
2.2.2.1 Approach for capturing the market size by top-down analysis 48
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 48
2.3 MARKET SHARE ESTIMATION 48
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 48
FIGURE 9 DATA TRIANGULATION 49
2.5 RISK ASSESSMENT 50
TABLE 1 RISK FACTOR ANALYSIS 50
2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS 51
2.6.1 ASSUMPTIONS 51
2.6.2 LIMITATIONS 51
3 EXECUTIVE SUMMARY 52
FIGURE 10 COMPARISON OF SCENARIO-BASED IMPACT OF COVID-19 ON THE GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET 52
TABLE 2 COMPARISON TABLE FOR SCENARIO-BASED IMPACT OF COVID-19
ON THE GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
2016–2026 (USD BILLION) 53
3.1 SCENARIO ANALYSIS 53
3.1.1 REALISTIC SCENARIO (POST-COVID-19) 53
3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19) 53
3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19) 54
FIGURE 11 TOUCHLESS TECHNOLOGY TO REGISTER THE HIGHEST CAGR
FROM 2021 TO 2026 54
FIGURE 12 CONSUMER ELECTRONICS SEGMENT TO REGISTER THE HIGHEST
MARKET SHARE DURING THE FORECAST PERIOD FOR THE GESTURE RECOGNITION MARKET 55
FIGURE 13 TOUCHLESS SANITARY EQUIPMENT TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 56
FIGURE 14 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET IN THE
ASIA PACIFIC REGION TO EXHIBIT THE HIGHEST CAGR FROM 2021 TO 2026 57
4 PREMIUM INSIGHTS 58
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET 58
FIGURE 15 GROWING ADOPTION OF GESTURE RECOGNITION AND TOUCHLESS SENSING IN THE CONSUMER ELECTRONICS SEGMENT TO SUPPORT MARKET GROWTH 58
4.2 TOUCHLESS TECHNOLOGY, BY MARKET 58
FIGURE 16 GESTURE RECOGNITION MARKET SEGMENT TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 58
4.3 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET IN THE APAC,
BY TECHNOLOGY AND COUNTRY 59
FIGURE 17 TOUCHLESS TECHNOLOGY SEGMENT AND CHINA TO ACCOUNT FOR
THE LARGEST SHARES OF THE GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET IN THE APAC IN 2026 59
4.4 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET, BY COUNTRY 60
FIGURE 18 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET IN THE
REST OF APAC TO REGISTER THE HIGHEST CAGR FROM 2021 TO 2026 60
5 MARKET OVERVIEW 61
5.1 INTRODUCTION 61
5.2 MARKET DYNAMICS 61
FIGURE 19 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET:
DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 61
5.2.1 DRIVERS 62
5.2.1.1 Growing digitalization and rising technological advancements across industry verticals 62
5.2.1.2 Growing demand for connectivity in the automotive industry 62
5.2.1.3 Increasing investments by major players for the
development of HMDs 63
5.2.1.4 Rising awareness for contactless equipment 63
5.2.1.5 Increasing government initiatives to improve digitalization 63
FIGURE 20 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET DRIVERS: IMPACT ANALYSIS 64
5.2.2 RESTRAINTS 65
5.2.2.1 Trade restrictions between the US and China 65
5.2.2.2 High replacement expenses and user resistance for new products 65
FIGURE 21 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET RESTRAINTS: IMPACT ANALYSIS 65
5.2.3 OPPORTUNITIES 66
5.2.3.1 Increasing patent applications 66
5.2.3.2 Tracking and controlling functionality upgrades in touchless biometric solutions 66
5.2.3.3 The growing use of gesture recognition in VR and video games 66
5.2.3.4 Growing trend for smart homes 67
FIGURE 22 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET OPPORTUNITIES: IMPACT ANALYSIS 67
5.2.4 CHALLENGES 68
5.2.4.1 Disruption in commercial trade due to COVID-19 68
5.2.4.2 High costs and complex framework of product technologies 68
FIGURE 23 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET CHALLENGES: IMPACT ANALYSIS 68
5.3 VALUE CHAIN ANALYSIS 69
FIGURE 24 VALUE CHAIN ANALYSIS: GESTURE RECOGNITION AND
TOUCHLESS SENSING MARKET 69
5.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET PLAYERS 70
FIGURE 25 REVENUE SHIFT IN THE GESTURE RECOGNITION AND
TOUCHLESS SENSING MARKET 70
5.5 MARKET MAP/MARKET ECOSYSTEM 71
TABLE 3 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET: ECOSYSTEM 71
FIGURE 26 KEY PLAYERS IN THE GESTURE RECOGNITION AND
TOUCHLESS SENSING MARKET 72
5.6 KEY TECHNOLOGY TRENDS 72
TABLE 4 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET:
LEADING TRENDS AMONG KEY MARKET PLAYERS 72
5.7 TECHNOLOGY ANALYSIS 73
5.7.1 STEREOSCOPIC VISION AND TIME OF FLIGHT (TOF) TECHNOLOGY 73
TABLE 5 COMPARISON OF STEREOSCOPIC VISION AND
TIME OF FLIGHT (TOF) TECHNOLOGY 73
5.8 PRICE TREND ANALYSIS 73
FIGURE 27 AVERAGE SELLING PRICE (ASP) TREND FOR 3D AND CAPACITIVE SENSORS 73
5.9 CASE STUDY ANALYSIS 74
5.9.1 GESTURE RECOGNITION AND TOUCHLESS SENSING FOR CAMPAIGNING 74
TABLE 6 LEGO’S REBUILT THE WORLD CAMPAIGN WITH ULTRALEAP (UK) 74
5.9.2 GESTURE RECOGNITION AND TOUCHLESS SENSING FOR AUTOMOBILE 75
TABLE 7 ULTRALEAP’S AUTOMOTIVE HMI TECHNOLOGY FOR DS AUTOMOBILES 75
5.9.3 GESTURE RECOGNITION AND TOUCHLESS SENSING FOR TRAINING 75
TABLE 8 VIRTUAL REALITY-BASED TRAINING FOR EMPLOYEES 75
5.10 PATENT ANALYSIS 76
5.10.1 DOCUMENT TYPE 76
TABLE 9 PATENTS FILED 76
FIGURE 28 PATENTS FILED FROM 2011 TO 2020 76
5.10.2 PUBLICATION TREND 77
FIGURE 29 NO. OF PATENTS FILED EACH YEAR FROM 2011 TO 2020 77
5.10.3 JURISDICTION ANALYSIS 77
FIGURE 30 JURISDICTION ANALYSIS 77
5.10.4 TOP PATENT OWNERS 78
FIGURE 31 TOP 10 COMPANIES IN TERMS OF PATENT APPLICATIONS
FROM 2011 TO 2020 78
TABLE 10 TOP 20 PATENT OWNERS IN THE LAST 10 YEARS 78
5.11 TRADE ANALYSIS 79
FIGURE 32 COUNTRY-WISE EXPORT DATA FOR PRODUCTS CLASSIFIED UNDER
HS CODE: 8481, 2016–2020 79
TABLE 11 EXPORT SCENARIO FOR HS CODE: 8481-COMPLIANT PRODUCTS,
BY COUNTRY, 2016–2020 (USD THOUSAND) 80
FIGURE 33 COUNTRY-WISE IMPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE: 8481, 2016–2020 80
TABLE 12 IMPORT SCENARIO FOR HS CODE: 8481-COMPLIANT PRODUCTS,
BY COUNTRY, 2016–2020 (USD THOUSAND) 81
 
5.12 PORTER’S FIVE FORCES ANALYSIS 81
FIGURE 34 PORTER’S FIVE FORCES ANALYSIS 81
TABLE 13 PORTER'S FIVE FORCES ANALYSIS WITH THEIR IMPACT (2020) 82
5.12.1 THREAT OF NEW ENTRANTS 82
FIGURE 35 THREAT OF NEW ENTRANTS 82
5.12.2 THREAT OF SUBSTITUTES 83
FIGURE 36 THREAT OF SUBSTITUTES 83
5.12.3 BARGAINING POWER OF SUPPLIERS 83
FIGURE 37 BARGAINING POWER OF SUPPLIERS 83
5.12.4 BARGAINING POWER OF BUYERS 84
FIGURE 38 BARGAINING POWER OF BUYERS 84
5.12.5 DEGREE OF COMPETITIVE RIVALRY 84
FIGURE 39 COMPETITIVE RIVALRY 84
5.13 REGULATORY LANDSCAPE 85
TABLE 14 REGULATIONS: GESTURE RECOGNITION AND TOUCHLESS SENSING 85
6 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY TECHNOLOGY 87
6.1 INTRODUCTION 88
FIGURE 40 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY TECHNOLOGY 88
FIGURE 41 TOUCHLESS TECHNOLOGY TO HOLD THE LARGEST SHARE OF
THE GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET DURING THE FORECAST PERIOD 89
TABLE 15 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY TECHNOLOGY, 2016–2020 (USD MILLION) 89
TABLE 16 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY TECHNOLOGY, 2021–2026 (USD MILLION) 89
6.2 TOUCH-BASED TECHNOLOGY 90
6.2.1 MOTION GESTURE TECHNOLOGIES TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 90
TABLE 17 TOUCH-BASED TECHNOLOGY MARKET, BY TYPE, 2016–2020 (USD MILLION) 90
TABLE 18 TOUCH-BASED TECHNOLOGY MARKET, BY TYPE, 2021–2026 (USD MILLION) 90
TABLE 19 TOUCH-BASED TECHNOLOGY MARKET, BY REGION,
2016–2020 (USD MILLION) 91
TABLE 20 TOUCH-BASED TECHNOLOGY MARKET, BY REGION,
2021–2026 (USD MILLION) 91
6.2.2 MULTI-TOUCH SYSTEMS 91
6.2.2.1 Multi-touch systems are largely used in the consumer
electronics industry 91
6.2.2.2 Resistive multi-touch 91
6.2.2.3 Capacitive multi-touch 92
6.2.2.4 Optical multi-touch 92
 
6.2.3 MOTION GESTURE 92
6.2.3.1 Gaming industries to dominate the motion-based gesture market 92
6.3 TOUCHLESS TECHNOLOGY 92
6.3.1 PROXIMITY SENSOR TECHNOLOGY TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD 92
TABLE 21 TOUCHLESS TECHNOLOGY MARKET, BY REGION, 2016–2020 (USD MILLION) 93
TABLE 22 TOUCHLESS TECHNOLOGY MARKET, BY REGION, 2021–2026 (USD MILLION) 93
TABLE 23 TOUCHLESS TECHNOLOGY MARKET, BY TYPE, 2016–2020 (USD MILLION) 93
TABLE 24 TOUCHLESS TECHNOLOGY MARKET, BY TYPE, 2021–2026 (USD MILLION) 94
FIGURE 42 TOUCHLESS SENSING TO HOLD THE LARGEST SHARE OF THE TOUCHLESS TECHNOLOGY MARKET DURING THE FORECAST PERIOD 94
TABLE 25 TOUCHLESS TECHNOLOGY, BY MARKET, 2016–2020 (USD MILLION) 94
TABLE 26 TOUCHLESS TECHNOLOGY, BY MARKET, 2021–2026 (USD MILLION) 95
TABLE 27 TOUCHLESS SENSING-BASED TECHNOLOGY MARKET, BY TYPE,
2016–2020 (USD MILLION) 95
TABLE 28 TOUCHLESS SENSING-BASED TECHNOLOGY, BY TYPE,
2021–2026 (USD MILLION) 95
TABLE 29 GESTURE-BASED TOUCHLESS TECHNOLOGY MARKET, BY TYPE,
2016–2020 (USD MILLION) 96
TABLE 30 GESTURE-BASED TOUCHLESS TECHNOLOGY MARKET, BY TYPE,
2021–2026 (USD MILLION) 96
6.3.2 RFID TECHNOLOGY 96
6.3.2.1 RFID tags are used to recognize a user’s gestures 96
6.3.3 CAMERA-BASED TECHNOLOGY 96
6.3.3.1 Camera-based technology is mainly used for security purposes 96
TABLE 31 CAMERA-BASED TECHNOLOGY MARKET, BY TYPE,
2016–2020 (USD MILLION) 97
TABLE 32 CAMERA-BASED TECHNOLOGY MARKET, BY TYPE,
2021–2026 (USD MILLION) 97
6.3.3.2 2D Camera-based technology 97
6.3.3.2.1 Growing use in the consumer electronics industry to drive the demand for 2D camera-based technology 97
6.3.3.3 3D vision technology 97
6.3.3.3.1 Growing augmented reality market to increase the demand for 3D vision technology 97
6.3.3.3.2 Stereoscopic systems 98
6.3.3.3.3 Structured lighting 98
6.3.3.3.4 Time-of-flight cameras 98
6.3.3.3.5 Laser triangulation 99
6.3.4 PROXIMITY SENSORS 99
6.3.4.1 Proximity sensors to hold the largest share of the touchless sensing market during the forecast period 99
TABLE 33 PROXIMITY SENSOR TECHNOLOGY MARKET, BY TYPE,
2016–2020 (USD MILLION) 100
TABLE 34 PROXIMITY SENSOR TECHNOLOGY MARKET, BY TYPE,
2021–2026 (USD MILLION) 100
6.3.4.2 Capacitive/electric field 100
6.3.4.2.1 Smartphones and tablets to drive the demand for capacitive/electric field technology 100
6.3.4.3 Infrared array 100
6.3.4.3.1 Infrared array, a heat sensor-based technology, to be largely used in smartphones 100
6.3.4.4 Ultrasonic technology 101
6.3.4.4.1 Ultrasonic-based gesture technology to grow at the highest rate during the forecast period 101
6.3.5 VOICE ASSISTANCE 101
6.3.5.1 Voice assistance is one of the most popular features that help users perform operations through voice commands 101
6.3.6 OTHERS 101
7 GESTURE RECOGNITION MARKET, BY TYPE 102
7.1 INTRODUCTION 103
FIGURE 43 GESTURE RECOGNITION MARKET SEGMENTATION, BY TYPE 103
FIGURE 44 ONLINE GESTURE RECOGNITION TO HOLD THE LARGEST SHARE OF THE GESTURE RECOGNITION MARKET DURING THE FORECAST PERIOD 103
TABLE 35 GESTURE RECOGNITION MARKET, BY TYPE, 2016–2020 (USD MILLION) 103
TABLE 36 GESTURE RECOGNITION MARKET, BY TYPE, 2021–2026 (USD MILLION) 104
7.2 ONLINE GESTURE RECOGNITION 104
TABLE 37 ONLINE GESTURE RECOGNITION MARKET, BY INDUSTRY,
2016–2020 (USD MILLION) 104
TABLE 38 ONLINE GESTURE RECOGNITION MARKET, BY INDUSTRY,
2021–2026 (USD MILLION) 104
7.3 OFFLINE GESTURE RECOGNITION 105
TABLE 39 OFFLINE GESTURE RECOGNITION MARKET, BY INDUSTRY,
2016–2020 (USD MILLION) 105
TABLE 40 OFFLINE GESTURE RECOGNITION MARKET, BY INDUSTRY,
2021–2026 (USD MILLION) 105
8 GESTURE RECOGNITION MARKET, BY INDUSTRY 106
8.1 INTRODUCTION 107
FIGURE 45 GESTURE RECOGNITION MARKET SEGMENTATION, BY INDUSTRY 107
FIGURE 46 CONSUMER ELECTRONICS SEGMENT TO DOMINATE THE GESTURE RECOGNITION MARKET DURING THE FORECAST PERIOD 108
TABLE 41 GESTURE RECOGNITION MARKET, BY INDUSTRY, 2016–2020 (USD MILLION) 108
TABLE 42 GESTURE RECOGNITION MARKET, BY INDUSTRY, 2021–2026 (USD MILLION) 108
8.2 CONSUMER ELECTRONICS 109
8.2.1 CONSUMER ELECTRONICS TO DOMINATE THE
GESTURE RECOGNITION MARKET 109
TABLE 43 GESTURE RECOGNITION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY TYPE, 2016–2020 (USD MILLION) 109
TABLE 44 GESTURE RECOGNITION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY TYPE, 2021–2026 (USD MILLION) 110
TABLE 45 GESTURE RECOGNITION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2016–2020 (USD MILLION) 110
TABLE 46 GESTURE RECOGNITION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 110
8.2.2 SMARTPHONES 111
8.2.2.1 Gesture recognition to be used in smartphones for unlocking and zooming operations 111
8.2.3 LAPTOPS 111
8.2.3.1 Gesture recognition is used in laptops for touchless
inputs and iris recognition 111
8.2.4 TABLETS 111
8.2.4.1 Human-machine interface in tablets to use gesture recognition 111
8.2.5 GAMING CONSOLES 111
8.2.5.1 Gaming consoles to use gesture recognition for better experiences 111
8.2.6 SMART TVS 112
8.2.6.1 Smart TVs can be controlled with the help of hand gestures 112
8.2.7 SET-TOP BOXES 112
8.2.7.1 Gesture-based set-top boxes are equipped with cameras to
detect user movement 112
8.2.8 HEAD-MOUNTED DISPLAYS (HMD) 112
8.2.8.1 Head-mounted displays (HMD) with gesture control to be used in the gaming industry 112
8.2.9 OTHERS 112
8.3 HEALTHCARE 113
8.3.1 HEALTHCARE INDUSTRY TO REGISTER THE HIGHEST GROWTH RATE
DURING THE FORECAST PERIOD 113
TABLE 47 GESTURE RECOGNITION MARKET FOR HEALTHCARE, BY TYPE,
2016–2020 (USD MILLION) 113
TABLE 48 GESTURE RECOGNITION MARKET FOR HEALTHCARE, BY TYPE,
2021–2026 (USD MILLION) 113
TABLE 49 GESTURE RECOGNITION MARKET FOR HEALTHCARE, BY REGION,
2016–2020 (USD MILLION) 114
TABLE 50 GESTURE RECOGNITION MARKET FOR HEALTHCARE, BY REGION,
2021–2026 (USD MILLION) 114
8.4 AUTOMOTIVE 114
8.4.1 GESTURE RECOGNITION TECHNOLOGY TO BE USED IN THE AUTOMOTIVE INDUSTRY FOR BETTER SAFETY AND SECURITY OF USERS 114
FIGURE 47 ONLINE SEGMENT TO DOMINATE THE AUTOMOTIVE GESTURE RECOGNITION MARKET DURING THE FORECAST PERIOD 115
TABLE 51 GESTURE RECOGNITION MARKET FOR AUTOMOTIVE, BY TYPE,
2016–2020 (USD MILLION) 115
TABLE 52 GESTURE RECOGNITION MARKET FOR AUTOMOTIVE, BY TYPE,
2021–2026 (USD MILLION) 116
TABLE 53 GESTURE RECOGNITION MARKET FOR AUTOMOTIVE, BY REGION,
2016–2020 (USD MILLION) 116
TABLE 54 GESTURE RECOGNITION MARKET FOR AUTOMOTIVE, BY REGION,
2021–2026 (USD MILLION) 116
8.5 ADVERTISEMENT & COMMUNICATION 116
8.5.1 GESTURE RECOGNITION TECHNOLOGY TO BE USED IN THE ADVERTISEMENT INDUSTRY FOR BETTER CUSTOMER ENGAGEMENT 116
TABLE 55 GESTURE RECOGNITION MARKET FOR ADVERTISEMENT & COMMUNICATION, BY TYPE, 2016–2020 (USD MILLION) 117
TABLE 56 GESTURE RECOGNITION MARKET FOR ADVERTISEMENT & COMMUNICATION, BY TYPE, 2021–2026 (USD MILLION) 117
TABLE 57 GESTURE RECOGNITION MARKET FOR ADVERTISEMENT & COMMUNICATION, BY REGION, 2016–2020 (USD MILLION) 117
TABLE 58 GESTURE RECOGNITION MARKET FOR ADVERTISEMENT & COMMUNICATION, BY REGION, 2021–2026 (USD MILLION) 118
8.6 DEFENSE 118
8.6.1 GESTURE-CONTROLLED ROBOTS WILL IMPROVE THE GESTURE RECOGNITION MARKET IN THE DEFENSE INDUSTRY 118
TABLE 59 GESTURE RECOGNITION MARKET FOR DEFENSE, BY TYPE,
2016–2020 (USD MILLION) 118
TABLE 60 GESTURE RECOGNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION) 118
FIGURE 48 APAC IS EXPECTED TO REGISTER THE HIGHEST CAGR IN THE GESTURE RECOGNITION MARKET FOR THE DEFENSE INDUSTRY DURING
THE FORECAST PERIOD 119
TABLE 61 GESTURE RECOGNITION MARKET FOR DEFENSE, BY REGION,
2016–2020 (USD MILLION) 119
TABLE 62 GESTURE RECOGNITION MARKET FOR DEFENSE, BY REGION,
2021–2026 (USD MILLION) 119
8.7 OTHERS 120
TABLE 63 GESTURE RECOGNITION MARKET FOR OTHERS, BY TYPE,
2016–2020 (USD MILLION) 120
TABLE 64 GESTURE RECOGNITION MARKET FOR OTHERS, BY TYPE,
2021–2026 (USD MILLION) 120
TABLE 65 GESTURE RECOGNITION MARKET FOR OTHERS, BY REGION,
2016–2020 (USD MILLION) 120
TABLE 66 GESTURE RECOGNITION MARKET FOR OTHERS, BY REGION,
2021–2026 (USD MILLION) 120
9 TOUCHLESS SENSING MARKET, BY PRODUCT 121
9.1 INTRODUCTION 122
FIGURE 49 TOUCHLESS SENSING MARKET SEGMENTATION, BY PRODUCT 122
FIGURE 50 TOUCHLESS BIOMETRIC EQUIPMENT IS EXPECTED TO HOLD
THE LARGEST SHARE OF THE TOUCHLESS SENSING MARKET DURING
THE FORECAST PERIOD 122
TABLE 67 TOUCHLESS SENSING MARKET, BY PRODUCT, 2016–2020 (USD MILLION) 123
TABLE 68 TOUCHLESS SENSING MARKET, BY PRODUCT, 2021–2026 (USD MILLION) 123
9.2 TOUCHLESS SANITARY EQUIPMENT MARKET 123
TABLE 69 TOUCHLESS SANITARY EQUIPMENT MARKET, BY REGION,
2016–2020 (USD MILLION) 124
TABLE 70 TOUCHLESS SANITARY EQUIPMENT MARKET, BY REGION,
2021–2026 (USD MILLION) 124
FIGURE 51 TOUCHLESS SANITARY EQUIPMENT MARKET SEGMENTATION, BY TYPE 124
TABLE 71 TOUCHLESS SANITARY EQUIPMENT MARKET, BY TYPE,
2016–2020 (USD MILLION) 125
TABLE 72 TOUCHLESS SANITARY EQUIPMENT MARKET, BY TYPE,
2021–2026 (USD MILLION) 125
9.2.1 TOUCHLESS FAUCETS 125
9.2.1.1 Touchless faucets are used to prevent the spread of germs 125
TABLE 73 TOUCHLESS FAUCETS MARKET, BY REGION, 2016–2020 (USD MILLION) 125
TABLE 74 TOUCHLESS FAUCETS MARKET, BY REGION, 2021–2026 (USD MILLION) 126
9.2.2 TOUCHLESS SOAP DISPENSER 126
9.2.2.1 Touchless soap dispensers help maintain hygiene at
public washrooms 126
TABLE 75 TOUCHLESS SOAP DISPENSER MARKET, BY REGION,
2016–2020 (USD MILLION) 126
TABLE 76 TOUCHLESS SOAP DISPENSER MARKET, BY REGION,
2021–2026 (USD MILLION) 127
9.2.3 TOUCHLESS PAPER TOWEL DISPENSER 127
9.2.3.1 Touchless paper towel dispensers are used to reduce paper wastage and to maintain hygiene 127
TABLE 77 TOUCHLESS PAPER TOWEL DISPENSER MARKET, BY REGION,
2016–2020 (USD MILLION) 127
TABLE 78 TOUCHLESS PAPER TOWEL DISPENSER MARKET, BY REGION,
2021–2026 (USD MILLION) 127
9.2.4 TOUCHLESS TRASH CANS 128
9.2.4.1 Touchless trash cans are used to reduce the spread of infections & bacteria in public places 128
TABLE 79 TOUCHLESS TRASH CANS MARKET, BY REGION, 2016–2020 (USD MILLION) 128
TABLE 80 TOUCHLESS TRASH CANS MARKET, BY REGION, 2021–2026 (USD MILLION) 128
9.2.5 TOUCHLESS HAND DRYERS 128
9.2.5.1 Touchless hand dryers are eco-friendly and use sensors for operation 128
TABLE 81 TOUCHLESS HAND DRYERS MARKET, BY REGION,
2016–2020 (USD MILLION) 129
TABLE 82 TOUCHLESS HAND DRYERS MARKET, BY REGION,
2021–2026 (USD MILLION) 129
9.3 TOUCHLESS BIOMETRIC EQUIPMENT MARKET 129
TABLE 83 TOUCHLESS BIOMETRIC MARKET, BY REGION, 2016–2020 (USD MILLION) 130
TABLE 84 TOUCHLESS BIOMETRIC MARKET, BY REGION, 2021–2026 (USD MILLION) 130
FIGURE 52 TOUCHLESS BIOMETRIC MARKET SEGMENTATION, BY TYPE 131
TABLE 85 TOUCHLESS BIOMETRIC MARKET, BY TYPE, 2016–2020 (USD MILLION) 131
TABLE 86 TOUCHLESS BIOMETRIC MARKET, BY TYPE, 2021–2026 (USD MILLION) 131
9.3.1 TOUCHLESS FINGERPRINT RECOGNITION 132
9.3.1.1 Touchless fingerprint recognition technology is used in the travel and immigration industry for security purposes 132
TABLE 87 TOUCHLESS FINGERPRINT RECOGNITION MARKET, BY REGION,
2016–2020 (USD MILLION) 132
TABLE 88 TOUCHLESS FINGERPRINT RECOGNITION MARKET, BY REGION,
2021–2026 (USD MILLION) 132
9.3.2 IRIS RECOGNITION 133
9.3.2.1 The government sector has increasingly been adopting the iris recognition technology for biometric authentication 133
TABLE 89 IRIS RECOGNITION MARKET, BY REGION, 2016–2020 (USD MILLION) 133
TABLE 90 IRIS RECOGNITION MARKET, BY REGION, 2021–2026 (USD MILLION) 133
9.3.3 FACE RECOGNITION SYSTEM 134
9.3.3.1 Facial recognition systems are largely used for high-security operations by governments 134
TABLE 91 FACE RECOGNITION MARKET, BY REGION, 2016–2020 (USD MILLION) 134
TABLE 92 FACE RECOGNITION MARKET, BY REGION, 2021–2026 (USD MILLION) 135
9.3.4 VOICE RECOGNITION 135
9.3.4.1 Voice recognition is largely used in BFSI, government,
and enterprise sectors 135
TABLE 93 VOICE RECOGNITION MARKET, BY REGION, 2016–2020 (USD MILLION) 135
TABLE 94 VOICE RECOGNITION MARKET, BY REGION, 2021–2026 (USD MILLION) 136
9.3.5 OTHERS 136
TABLE 95 OTHERS MARKET, BY REGION, 2016–2020 (USD MILLION) 136
TABLE 96 OTHERS MARKET, BY REGION, 2021–2026 (USD MILLION) 136
10 TOUCHLESS SENSING MARKET, BY INDUSTRY 137
10.1 INTRODUCTION 138
FIGURE 53 TOUCHLESS SENSING MARKET SEGMENTATION, BY INDUSTRY 138
FIGURE 54 THE GOVERNMENT SEGMENT IS EXPECTED TO DOMINATE THE TOUCHLESS SENSING MARKET IN 2021 138
TABLE 97 TOUCHLESS SENSING MARKET, BY INDUSTRY, 2016–2020 (USD MILLION) 139
TABLE 98 TOUCHLESS SENSING MARKET, BY INDUSTRY, 2021–2026 (USD MILLION) 139
10.2 CONSUMER ELECTRONICS 140
10.2.1 CAMERA-BASED TECHNOLOGY HELD THE LARGEST SHARE OF
THE CONSUMER ELECTRONICS SEGMENT IN 2020 140
TABLE 99 TOUCHLESS SENSING MARKET FOR CONSUMER ELECTRONICS,
BY PRODUCT, 2016–2020 (USD MILLION) 140
TABLE 100 TOUCHLESS SENSING MARKET FOR CONSUMER ELECTRONICS,
BY PRODUCT, 2021–2026 (USD MILLION) 140
10.3 GOVERNMENT 141
10.3.1 THE GOVERNMENT SECTOR EXTENSIVELY DEPLOYS
TOUCHLESS BIOMETRIC SOLUTIONS 141
FIGURE 55 TOUCHLESS SANITARY EQUIPMENT IS EXPECTED TO WITNESS
THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD FOR
THE GOVERNMENT SECTOR 141
TABLE 101 TOUCHLESS SENSING MARKET FOR GOVERNMENT, BY PRODUCT,
2016–2020 (USD MILLION) 142
TABLE 102 TOUCHLESS SENSING MARKET FOR GOVERNMENT, BY PRODUCT,
2021–2026 (USD MILLION) 142
 
10.4 FINANCE AND BANKING 142
10.4.1 THE APPLICATION OF BIOMETRIC TECHNOLOGIES REINFORCES
THE SECURITY INTERFACE OF NET BANKING, MOBILE BANKING,
AND E-TRANSACTIONS IN FINANCE & BANKING 142
TABLE 103 TOUCHLESS SENSING MARKET FOR FINANCE AND BANKING, BY PRODUCT, 2016–2020 (USD MILLION) 143
TABLE 104 TOUCHLESS SENSING MARKET FOR FINANCE AND BANKING, BY PRODUCT, 2021–2026 (USD MILLION) 143
10.5 HEALTHCARE 143
10.5.1 THE USE OF CONTACTLESS EQUIPMENT IN HEALTHCARE REDUCES
THE SPREAD OF INFECTION AND MINIMIZES HYGIENE CONCERNS 143
FIGURE 56 TOUCHLESS SANITARY EQUIPMENT IS EXPECTED TO WITNESS
THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD FOR
THE HEALTHCARE SECTOR 144
TABLE 105 TOUCHLESS SENSING MARKET FOR HEALTHCARE, BY PRODUCT,
2016–2020 (USD MILLION) 144
TABLE 106 TOUCHLESS SENSING MARKET FOR HEALTHCARE, BY PRODUCT,
2021–2026 (USD MILLION) 144
10.6 AUTOMOTIVE 145
10.6.1 INTEGRATING TOUCHLESS SENSING TECHNOLOGY INTO AUTOMOBILES PROVIDES THE DRIVER WITH A SAFER EXPERIENCE 145
TABLE 107 TOUCHLESS SENSING MARKET FOR AUTOMOTIVE, BY PRODUCT,
2016–2020 (USD MILLION) 145
TABLE 108 TOUCHLESS SENSING MARKET FOR AUTOMOTIVE, BY PRODUCT,
2021–2026 (USD MILLION) 145
10.7 OTHERS 146
TABLE 109 TOUCHLESS SENSING MARKET FOR OTHERS, BY PRODUCT,
2016–2020 (USD MILLION) 146
TABLE 110 TOUCHLESS SENSING MARKET FOR OTHERS, BY PRODUCT,
2021–2026 (USD MILLION) 146
11 GEOGRAPHIC ANALYSIS 147
11.1 INTRODUCTION 148
FIGURE 57 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY GEOGRAPHY 148
FIGURE 58 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET IN THE ASIA PACIFIC REGION TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026 148
TABLE 111 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET, BY REGION, 2016–2020 (USD MILLION) 149
TABLE 112 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET, BY REGION, 2021–2026 (USD MILLION) 149
11.2 NORTH AMERICA 149
FIGURE 59 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET
IN NORTH AMERICA 150
FIGURE 60 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET SNAPSHOT: NORTH AMERICA 151
TABLE 113 NORTH AMERICA: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET, BY COUNTRY, 2016–2020 (USD MILLION) 151
TABLE 114 NORTH AMERICA: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 152
TABLE 115 NORTH AMERICA: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 152
TABLE 116 NORTH AMERICA: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 152
TABLE 117 NORTH AMERICA: GESTURE RECOGNITION MARKET, BY INDUSTRY,
2016–2020 (USD MILLION) 153
TABLE 118 NORTH AMERICA: GESTURE RECOGNITION MARKET, BY INDUSTRY,
2021–2026 (USD MILLION) 153
TABLE 119 NORTH AMERICA: TOUCHLESS SENSING MARKET, BY PRODUCT,
2016–2020 (USD MILLION) 153
TABLE 120 NORTH AMERICA: TOUCHLESS SENSING MARKET, BY PRODUCT,
2021–2026 (USD MILLION) 154
11.2.1 US 154
11.2.1.1 The US accounts for the largest share of the market in North America 154
11.2.2 CANADA 155
11.2.2.1 Growing AR/VR market to drive the growth of the gesture recognition and touchless sensing market in Canada 155
11.2.3 MEXICO 156
11.2.3.1 Growing requirements for the touchless biometric market is expected to create opportunities for the gesture recognition and touchless sensing market in Mexico 156
11.3 EUROPE 156
FIGURE 61 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET IN EUROPE 157
FIGURE 62 GESTURE RECOGNITION AND TOUCHLESS SENSING
MARKET SNAPSHOT: EUROPE 157
TABLE 121 EUROPE: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY COUNTRY, 2016–2020 (USD MILLION) 158
TABLE 122 EUROPE: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY COUNTRY, 2021–2026 (USD MILLION) 158
TABLE 123 EUROPE: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY TECHNOLOGY, 2016–2020 (USD MILLION) 158
TABLE 124 EUROPE: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY TECHNOLOGY, 2021–2026 (USD MILLION) 159
TABLE 125 EUROPE: GESTURE RECOGNITION MARKET, BY INDUSTRY,
2016–2020 (USD MILLION) 159
TABLE 126 EUROPE: GESTURE RECOGNITION MARKET, BY INDUSTRY,
2021–2026 (USD MILLION) 159
TABLE 127 EUROPE: TOUCHLESS SENSING MARKET, BY PRODUCT,
2016–2020 (USD MILLION) 160
TABLE 128 EUROPE: TOUCHLESS SENSING MARKET, BY PRODUCT,
2021–2026 (USD MILLION) 160
11.3.1 GERMANY 160
11.3.1.1 Automotive industry to dominate the gesture recognition and touchless sensing market in Germany 160
 
11.3.2 FRANCE 161
11.3.2.1 The touchless sensing market is at a nascent stage in France but is expected to grow with the increasing use of biometrics for national security purposes 161
11.3.3 UK 161
11.3.3.1 The UK is expected to grow at the highest rate in the touchless sensing market during the forecast period 161
11.3.4 REST OF EUROPE 162
11.4 ASIA PACIFIC 162
FIGURE 63 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET IN APAC 163
FIGURE 64 GESTURE RECOGNITION AND TOUCHLESS SENSING
MARKET SNAPSHOT: APAC 163
TABLE 129 APAC: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY COUNTRY, 2016–2020 (USD MILLION) 164
TABLE 130 APAC: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY COUNTRY, 2021–2026 (USD MILLION) 164
TABLE 131 APAC: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY TECHNOLOGY, 2016–2020 (USD MILLION) 164
TABLE 132 APAC: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY TECHNOLOGY, 2021–2026 (USD MILLION) 165
TABLE 133 APAC: GESTURE RECOGNITION MARKET, BY INDUSTRY,
2016–2020 (USD MILLION) 165
TABLE 134 APAC: GESTURE RECOGNITION MARKET, BY INDUSTRY,
2021–2026 (USD MILLION) 165
TABLE 135 APAC: TOUCHLESS SENSING MARKET, BY PRODUCT,
2016–2020 (USD MILLION) 166
TABLE 136 APAC: TOUCHLESS SENSING MARKET, BY PRODUCT,
2021–2026 (USD MILLION) 166
11.4.1 CHINA 166
11.4.1.1 The Chinese smartphone market is expected to drive the growth of the gesture recognition and touchless sensing market in China 166
11.4.2 JAPAN 167
11.4.2.1 Japan is expected to grow significantly during the forecast period 167
11.4.3 INDIA 167
11.4.3.1 Gesture recognition technology in India is expected to grow significantly during the coming years owing to various
technological developments 167
11.4.4 SOUTH KOREA 168
11.4.4.1 Government investment initiatives to boost the gesture recognition and touchless sensing market in South Korea 168
11.4.5 REST OF APAC 168
11.5 ROW 169
FIGURE 65 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET IN ROW 169
FIGURE 66 SNAPSHOT: GESTURE RECOGNITION AND TOUCHLESS
SENSING MARKET IN ROW 169
TABLE 137 ROW: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY REGION, 2016–2020 (USD MILLION) 170
TABLE 138 ROW: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY REGION, 2021–2026 (USD MILLION) 170
TABLE 139 ROW: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY TECHNOLOGY, 2016–2020 (USD MILLION) 170
TABLE 140 ROW: GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET,
BY TECHNOLOGY, 2021–2026 (USD MILLION) 171
TABLE 141 ROW: GESTURE RECOGNITION MARKET, BY INDUSTRY,
2016–2020 (USD MILLION) 171
TABLE 142 ROW: GESTURE RECOGNITION MARKET, BY INDUSTRY,
2021–2026 (USD MILLION) 171
TABLE 143 ROW: TOUCHLESS SENSING MARKET, BY PRODUCT,
2016–2020 (USD MILLION) 172
TABLE 144 ROW: TOUCHLESS SENSING MARKET, BY PRODUCT,
2021–2026 (USD MILLION) 172
11.5.1 SOUTH AMERICA 172
11.5.1.1 South America is expected to have the highest CAGR in the gesture recognition and touchless sensing market during the forecast period 172
11.5.2 AFRICA 173
11.5.2.1 Decreasing the cost of gesture recognition-based products will drive the growth of the market 173
11.5.3 MIDDLE EAST 173
11.5.3.1 The market growth in the MEA is expected to grow owing to
increasing security concerns 173
12 COMPETITIVE LANDSCAPE 174
12.1 OVERVIEW 174
FIGURE 67 KEY DEVELOPMENTS UNDERTAKEN BY LEADING PLAYERS IN THE GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET FROM 2018 TO 2021 175
12.2 MARKET SHARE AND RANKING ANALYSIS 175
FIGURE 68 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET:
MARKET SHARE ANALYSIS (2020) 176
TABLE 145 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET:
DEGREE OF COMPETITION (2020) 176
TABLE 146 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET
RANKING ANALYSIS (2020) 177
12.3 FIVE-YEAR COMPANY REVENUE ANALYSIS 179
FIGURE 69 REVENUE ANALYSIS FOR KEY COMPANIES IN THE PAST FIVE YEARS 179
12.4 COMPANY EVALUATION QUADRANT, 2020 180
FIGURE 70 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2020 180
12.4.1 STARS 180
12.4.2 PERVASIVE PLAYERS 180
12.4.3 EMERGING LEADERS 181
12.4.4 PARTICIPANTS 181
12.5 COMPETITIVE BENCHMARKING 181
TABLE 147 COMPANY FOOTPRINT (25 COMPANIES) 181
TABLE 148 APPLICATION FOOTPRINT (25 COMPANIES) 182
TABLE 149 REGIONAL FOOTPRINT (25 COMPANIES) 183
12.6 STARTUP/SME EVALUATION MATRIX, 2020 184
FIGURE 71 GESTURE RECOGNITION AND TOUCHLESS SENSING (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2020 184
12.6.1 PROGRESSIVE COMPANIES 184
12.6.2 RESPONSIVE COMPANIES 185
12.6.3 DYNAMIC COMPANIES 185
12.6.4 STARTING BLOCKS 185
12.7 COMPETITIVE SCENARIO AND TRENDS 185
12.7.1 PRODUCT LAUNCHES 185
TABLE 150 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET:
NEW PRODUCT LAUNCHES, BY COMPANY, JANUARY 2018-JUNE 2021 185
12.7.2 DEALS 187
TABLE 151 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET:
DEALS, BY COMPANY, JANUARY 2018-JUNE 2021 187
12.7.3 OTHERS 188
TABLE 152 GESTURE RECOGNITION AND TOUCHLESS SENSING MARKET:
OTHERS, BY COMPANY, JANUARY 2018-JUNE 2021 188

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

Publisher:        MarketsandMarkets

# of Pages:        230

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Publication Date:  March, 2022

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

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

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# of Pages:        184

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Publication Date:  March, 2022

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