Advanced
  Home Compare Reports

Comparison with Similar Reports

Smart Agriculture Market with COVID-19 impact analysis by Offering, Agriculture Type (Precision Farming, Livestock Monitoring, Precision Aquaculture, ...

Publisher:        MarketsandMarkets

# of Pages:        300

Rating: 

1 User License $4,950

Publication Date:  October, 2021

Price:       $4,950 / User License




1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.2.1 INCLUSIONS AND EXCLUSIONS 30
1.3 STUDY SCOPE 30
1.3.1 MARKETS COVERED 30
1.3.2 GEOGRAPHIC SCOPE 31
1.3.3 YEARS CONSIDERED FOR THE STUDY 31
1.4 CURRENCY 32
1.5 LIMITATIONS 32
1.6 STAKEHOLDERS 32
1.7 SUMMARY OF CHANGES 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 1 SMART AGRICULTURE MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 34
FIGURE 2 SMART AGRICULTURE MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY AND PRIMARY RESEARCH 36
2.1.2 SECONDARY DATA 37
2.1.2.1 Key secondary sources 37
2.1.2.2 Secondary sources 37
2.1.3 PRIMARY DATA 38
2.1.3.1 Primary interviews with experts 38
2.1.3.2 List of key primary respondents 38
2.1.3.3 Breakdown of primaries 39
2.1.3.4 Key data from primary sources 39
2.1.3.5 Key industry insights 40
2.2 MARKET SIZE ESTIMATION 41
2.2.1 BOTTOM-UP APPROACH 41
2.2.1.1 Approach for capturing market size by bottom-up analysis
(demand side) 41
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND SIDE) 41
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
(SUPPLY SIDE) 42
2.2.2 TOP-DOWN APPROACH 42
2.2.2.1 Approach for capturing market size by top-down analysis
(supply side) 42
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 43
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 43
FIGURE 6 DATA TRIANGULATION 43
2.4 RESEARCH ASSUMPTIONS 44
2.5 LIMITATIONS 45
2.6 RISK ASSESSMENT 45
TABLE 1 RISK FACTOR ANALYSIS 45
3 EXECUTIVE SUMMARY 46
3.1 SMART AGRICULTURE MARKET: POST-COVID-19 47
3.1.1 REALISTIC SCENARIO 47
FIGURE 7 REALISTIC SCENARIO: SMART AGRICULTURE MARKET,
2017-2026 (USD BILLION) 47
3.1.2 PESSIMISTIC SCENARIO 48
FIGURE 8 PESSIMISTIC SCENARIO: SMART AGRICULTURE MARKET,
2017-2026 (USD BILLION) 48
3.1.3 OPTIMISTIC SCENARIO 48
FIGURE 9 OPTIMISTIC SCENARIO: SMART AGRICULTURE MARKET,
2017-2026 (USD BILLION) 48
FIGURE 10 IMPACT OF COVID-19 ON SMART AGRICULTURE MARKET 49
FIGURE 11 PRECISION FARMING SEGMENT TO LEAD SMART AGRICULTURE MARKET FROM 2021 TO 2026 49
FIGURE 12 SMART AGRICULTURE MARKET FOR SERVICES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 50
FIGURE 13 SMALL FARMS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 50
FIGURE 14 SMART AGRICULTURE MARKET IN APAC TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026 51
4 PREMIUM INSIGHT 52
4.1 ATTRACTIVE OPPORTUNITIES IN SMART AGRICULTURE MARKET 52
FIGURE 15 INCREASING DEMAND FOR SMART AGRICULTURE IN APAC TO FUEL MARKET GROWTH 52
4.2 SMART AGRICULTURE MARKET, BY OFFERING 52
FIGURE 16 HARDWARE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 52
4.3 SMART AGRICULTURE MARKET, BY APPLICATION 53
FIGURE 17 PRECISION FARMING PROJECTED TO LEAD SMART AGRICULTURE MARKET FROM 2021 TO 2026 53
4.4 AMERICAS: SMART AGRICULTURE MARKET, BY AGRICULTURE TYPE & REGION 53
FIGURE 18 PRECISION FARMING TO ACCOUNT FOR LARGEST SHARE IN AMERICAS DURING FORECAST PERIOD 53
4.5 SMART AGRICULTURE MARKET, BY FARM SIZE 54
FIGURE 19 SMALL FARM TO GROW HIGHEST CAGR DURING FORECAST PERIOD 54
4.6 SMART AGRICULTURE MARKET, BY GEOGRAPHY 54
FIGURE 20 MARKET IN CHINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 54
5 MARKET OVERVIEW 55
5.1 DEVELOPMENT OF SMART AGRICULTURE PRACTICES 55
FIGURE 21 EVOLUTION OF SMART AGRICULTURE CONCEPT 55
5.2 MARKET DYNAMICS 56
FIGURE 22 SMART AGRICULTURE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 56
5.2.1 DRIVERS 57
FIGURE 23 SMART AGRICULTURE MARKET: DRIVERS 57
5.2.1.1 Rising pressure on food supply system owing to rapidly growing population 57
FIGURE 24 GLOBAL CONSUMPTION OF MAJOR FIELD CROPS, 2005–2050 58
5.2.1.2 Surging use of modern technologies in agricultural products 58
5.2.1.3 Rising income levels and demand for protein-rich aqua food 59
FIGURE 25 GLOBAL FISHERY PRODUCTION, 2016–2026 (MILLION TONS) 59
5.2.1.4 Growing focus of farmers on livestock monitoring and disease detection 59
5.2.1.5 Increasing emphasis on reducing management cost by adopting advanced livestock monitoring products 60
5.2.1.6 Increased adoption of advanced technologies such as IoT and AI in aquaculture farms 60
5.2.2 RESTRAINTS 60
FIGURE 26 SMART AGRICULTURE MARKET: RESTRAINTS 60
5.2.2.1 High upfront cost for development of modern agricultural equipment 61
5.2.2.2 Fragmented agriculture industry 61
5.2.3 OPPORTUNITIES 62
FIGURE 27 SMART AGRICULTURE MARKET: OPPORTUNITIES 62
5.2.3.1 Rising adoption of livestock monitoring solutions in emerging countries 62
FIGURE 28 GLOBAL MILKING ROBOTS INSTALLED BASE, 2017–2030 (UNITS) 63
5.2.3.2 Growing use of unmanned aerial vehicles or drones in agricultural farms 63
5.2.3.3 Increasing popularity of land-based recirculating aquaculture systems 64
5.2.3.4 Growing focus on integration of smartphones with agricultural hardware and software applications 64
5.2.3.5 Agritech startups to increase the use of smart agriculture practices in COVID-19 times 64
5.2.4 CHALLENGES 65
FIGURE 29 SMART AGRICULTURE MARKET: CHALLENGES 65
5.2.4.1 Management of large volumes of data for productive decision making 65
5.2.4.2 Livestock farming is increasing environmental concerns and global warming 66
5.2.5 WINNING IMPERATIVES 66
5.2.5.1 Environmental protection with the utilization of smart agriculture techniques 66
5.3 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMART AGRICULTURE MARKET PLAYERS 67
FIGURE 30 REVENUE SHIFT IN SMART AGRICULTURE MARKET 67
5.4 AVERAGE SELLING PRICE ANALYSIS 68
TABLE 2 MILKING ROBOTS: AVERAGE SELLING PRICE ANALYSIS, 2019 VS. 2025 68
TABLE 3 RFID TAGS & READERS: AVERAGE SELLING PRICE ANALYSIS, 2019 VS. 2025 68
5.5 PRICING ANALYSIS: AVERAGE SELLING PRICE (ASP) TREND FOR SENSORS IN PRECISION AQUACULTURE 68
FIGURE 31 AVERAGE SELLING PRICES OF PRECISION AQUACULTURE SENSORS (USD) 68
TABLE 4 PRICING ANALYSIS FOR ROV SYSTEM COMPONENTS 69
FIGURE 32 AVERAGE PRECISION FARMING DATA ANALYTICS SERVICE COST PER HECTARE FOR DIFFERENT FARM SIZES, 2019 69
5.6 VALUE CHAIN ANALYSIS 70
FIGURE 33 VALUE CHAIN ANALYSIS: SMART AGRICULTURE MARKET 70
5.6.1 MAJOR STAKEHOLDERS IN SMART AGRICULTURE MARKET 70
FIGURE 34 MAJOR PARTICIPANTS IN SMART AGRICULTURE VALUE CHAIN 71
5.7 SMART AGRICULTURE MARKET ECOSYSTEM 72
FIGURE 35 SMART AGRICULTURE ECOSYSTEM 72
5.7.1 SMART AGRICULTURE ECOSYSTEM 73
5.8 TECHNOLOGICAL TRENDS 74
5.8.1 INTERNET OF THINGS (IOT) 74
5.8.2 M2M SOLUTIONS 74
FIGURE 36 INCREASING USE OF M2M SOLUTIONS IN AGRICULTURE—LEADING TREND AMONG KEY MARKET PLAYERS 74
5.8.3 ROBOTICS 74
5.8.4 AI AND BLOCKCHAIN IN LIVESTOCK FARMING 75
FIGURE 37 BLOCKCHAIN AND AI IN PRECISION LIVESTOCK FARMING 75
5.8.5 ADOPTION OF ROBOTIC CAGES AND UNDERWATER DRONES IN AQUACULTURE FARMS 75
5.8.6 INTEGRATION OF TELEMATICS WITH FOREST MECHANIZATION IN PRECISION FORESTRY 76
5.8.7 ADVENT OF LIDAR-FITTED UAVS IN PRECISION FORESTRY 76
5.9 PORTER’S FIVE FORCES ANALYSIS 76
FIGURE 38 SMART AGRICULTURE MARKET: PORTER’S FIVE FORCES ANALYSIS 76
TABLE 5 SMART AGRICULTURE MARKET: PORTER’S FIVE FORCES ANALYSIS, 2020 77
5.9.1 THREAT OF NEW ENTRANTS 77
5.9.2 THREAT OF SUBSTITUTES 77
5.9.3 BARGAINING POWER OF SUPPLIERS 77
5.9.4 BARGAINING POWER OF BUYERS 78
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 78
5.10 IMPACT OF COVID-19 ON SMART AGRICULTURE MARKET 78
5.10.1 PRECISION FARMING 78
5.10.2 LIVESTOCK MONITORING 79
5.10.3 PRECISION AQUACULTURE 79
5.10.4 SMART GREENHOUSE 79
5.10.5 PRECISION FORESTRY 79
5.11 REGULATORY LANDSCAPE IN SMART AGRICULTURE 79
5.11.1 US: AGRICULTURAL DATA ACT 2018 79
5.11.2 NATIONAL MISSION FOR SUSTAINABLE AGRICULTURE (NMSA) 80
5.11.3 ENVIRONMENTAL IMPACT ASSESSMENT (EIA) 80
5.11.4 NATURE CONSERVATION – EUROPEAN UNION (EU) 80
5.11.5 TARIFF AND REGULATIONS RELATED TO PRECISION FARMING AND
SMART GREENHOUSES 81
TABLE 6 TARIFF REGULATIONS: PRECISION FARMING AND SMART GREENHOUSES 81
5.11.6 TARIFFS AND REGULATIONS RELATED TO PRECISION AQUACULTURE 82
TABLE 7 TARIFF REGULATIONS: PRECISION AQUACULTURE 82
5.12 CASE STUDIES: SMART AGRICULTURE MARKET 84
5.12.1 INTRODUCTION 84
5.12.2 OPEN BLUE 84
TABLE 8 INNOVASEA HELPS OPEN BLUE BECOME LARGEST OPEN-OCEAN FISH FARM IN WORLD 84
5.12.3 EARTH OCEAN FARMS 85
TABLE 9 INNOVASEA ENABLES EARTH OCEAN FARMS TO EXPAND PRODUCTION WITH RUGGED EVOLUTION PENS 85
5.12.4 GIFAS 86
TABLE 10 PHILIPS LED SOLUTIONS OFFER NEW POSSIBILITIES FOR SALMON INDUSTRY 86
5.12.5 ERKO SEAFOOD AS 86
TABLE 11 AKVA GROUP HELPS ERKO SEAFOOD AS WITH PRECISION AQUACULTURE PRODUCTS 86
5.13 PATENT ANALYSIS 87
FIGURE 39 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT IN LAST 10 YEARS 87
5.13.1 JURISDICTION ANALYSIS 87
FIGURE 40 JURISDICTION ANALYSIS 87
5.13.2 TOP PATENT OWNERS 88
TABLE 12 TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS 88
TABLE 13 SOME KEY INNOVATIONS AND PATENT REGISTRATIONS FROM SEL 89
5.14 TRADE DATA 89
TABLE 14 IMPORT DATA FOR AGRICULTURAL, HORTICULTURAL, OR FORESTRY MACHINERY EQUIPMENT UNDER HS CODE 843290,
2016-2020 (USD THOUSAND) 89
FIGURE 41 IMPORT DATA FOR AGRICULTURAL, HORTICULTURAL, OR FORESTRY MACHINERY EQUIPMENT UNDER HS CODE 843290,
2016-2020 (USD THOUSAND) 90
TABLE 15 EXPORT DATA FOR AGRICULTURAL, HORTICULTRAL, OR FORESTRY MACHINERY EQUIPMENT UNDER HS CODE 843290,
2016-2020 (USD THOUSAND) 90
FIGURE 42 EXPORT DATA FOR AGRICULTURAL, HORTICULTURAL, OR FORESTRY MACHINERY EQUIPMENT UNDER HS CODE 843290,
2016-2020 (USD THOUSAND) 91
6 SMART AGRICULTURE MARKET, BY OFFERING 92
6.1 INTRODUCTION 93
FIGURE 43 SERVICES SEGMENT TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 93
TABLE 16 SMART AGRICULTURE MARKET, BY OFFERING, 2017–2020 (USD MILLION) 93
TABLE 17 SMART AGRICULTURE MARKET, BY OFFERING, 2021–2026 (USD MILLION) 94
6.2 HARDWARE 94
6.2.1 PRECISION FARMING HARDWARE 94
6.2.1.1 Variety of precision farming tools is expected to increase the demand for precision hardware in the forecast period 94
FIGURE 44 IMPACT OF COVID-19 ON SMART AGRICULTURE HARDWARE MARKET 95
TABLE 18 POST-COVID-19: SMART AGRICULTURE HARDWARE MARKET, BY OFFERING, 2017–2026 (USD MILLION) 95
FIGURE 45 AUTOMATION AND CONTROL SYSTEMS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 96
TABLE 19 PRECISION FARMING MARKET, BY OFFERING, 2017–2020 (USD MILLION) 96
TABLE 20 PRECISION FARMING MARKET, BY OFFERING, 2021–2026 (USD MILLION) 96
TABLE 21 PRECISION FARMING HARDWARE MARKET, BY TYPE,
2017–2020 (USD MILLION) 97
TABLE 22 PRECISION FARMING HARDWARE MARKET, BY TYPE,
2021–2026 (USD MILLION) 97
6.2.1.2 Automation and control systems 97
FIGURE 46 IRRIGATION CONTROLLER TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 98
TABLE 23 AUTOMATION AND CONTROL SYSTEMS MARKET, BY DEVICE TYPE,
2017–2020 (USD MILLION) 98
TABLE 24 AUTOMATION AND CONTROL SYSTEMS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION) 99
6.2.1.2.1 Displays 99
6.2.1.2.1.1 Utilization of display devices in precision farming systems will drive the hardware market during the forecast period 99
6.2.1.2.2 Guidance and steering systems 100
6.2.1.2.2.1 Automated guidance and steering systems are increasingly adopted in tractors and agriculture robots 100
6.2.1.2.3 GPS/GNSS devices 100
6.2.1.2.3.1 High demand for GPS/GNSS devices for variable rate applications will drive the market for automation control system 100
6.2.1.2.4 Drones/UAVs 101
6.2.1.2.4.1 Drones are mostly adopted for the identification of pests and weeds 101
6.2.1.2.5 Handheld mobile devices/handheld computers 101
6.2.1.2.5.1 Operational flexibility and ease of operation are measure factors for the growing use of handheld mobile devices and computers 101
6.2.1.2.6 Irrigation controllers 102
6.2.1.2.6.1 Concerns for efficient use of water expected to propel irrigation controllers market 102
6.2.1.2.7 Flow and application control devices 102
6.2.1.2.7.1 Flow and application control devices to facilitate the growth of the precision farming market for variable rate applications 102
6.2.1.2.8 Others 102
6.2.1.3 Sensing and monitoring devices 103
FIGURE 47 YIELD MONITORS TO LEAD MARKET FOR SENSING AND MONITORING DEVICES FROM 2021 TO 2026 103
TABLE 25 SENSING AND MONITORING DEVICES MARKET, BY DEVICE TYPE,
2017–2020 (USD MILLION) 103
TABLE 26 SENSING AND MONITORING DEVICES MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION) 104
6.2.1.3.1 Yield monitors 104
6.2.1.3.1.1 Yield monitors to continue to hold the largest market share during the forecast period 104
6.2.1.3.2 Soil sensors 104
6.2.1.3.2.1 Soil sensors to provide real-time data on various soil properties 104
6.2.1.3.3 Nutrient sensors 105
6.2.1.3.3.1 Nutrient sensors help in identifying nutrients is gaining popularity in precision farming 105
6.2.1.3.4 Moisture sensors 105
6.2.1.3.4.1 Moisture sensors help manage irrigation systems more efficiently 105
6.2.1.3.5 Temperature sensors 106
6.2.1.3.5.1 Adoption of temperature sensors for checking the suitability of soil for planting expected to grow during the forecast period 106
6.2.1.4 Water sensors 106
6.2.1.4.1 Need to focus on effective control on irrigation to drive the use of water sensors 106
6.2.1.5 Climate sensors 106
6.2.1.5.1 Uncertainties related to weather and climate propel the demand for climate sensors 106
6.2.2 LIVESTOCK MONITORING HARDWARE 106
FIGURE 48 GPS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 107
TABLE 27 LIVESTOCK MONITORING MARKET, BY OFFERING,
2017–2020 (USD MILLION) 107
TABLE 28 LIVESTOCK MONITORING MARKET, BY OFFERING,
2021–2026 (USD MILLION) 107
TABLE 29 LIVESTOCK MONITORING HARDWARE MARKET, BY DEVICE TYPE,
2017–2020 (USD MILLION) 108
TABLE 30 LIVESTOCK MONITORING HARDWARE MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION) 108
6.2.2.1 RFID tags and readers 108
6.2.2.1.1 Innovation in RFID tags and readers help increase its market share during forecast period 108
6.2.2.2 Sensors 109
6.2.2.2.1 Availability of various types of sensors help improve livestock monitoring applications 109
6.2.2.3 Transmitters and mounting equipment 109
6.2.2.3.1 Requirement for sending wireless video and audio signals projected to accelerate demand for transmitters 109
6.2.2.4 GPS 109
6.2.2.4.1 GPS help in monitoring animals and taking rapid actions to improve the overall efficiency of livestock farming 109
6.2.2.5 Others 109
6.2.3 PRECISION FORESTRY HARDWARE 110
6.2.3.1 Harvesters and forwarders 110
6.2.3.1.1 Harvesters and forwarders expected to play a crucial role in precision forestry operations 110
6.2.3.2 UAVs/drones 110
6.2.3.2.1 Advancements in UAVs/drones expected to increase their demand during the forecast period 110
6.2.3.3 GPS 110
6.2.3.3.1 Site-specific forestry management expected to propel the demand for GPS 110
6.2.3.4 Cameras 111
6.2.3.4.1 Demand for video cameras with hyperspectral, multispectral, and infra-red sensors expected to increase substantially during the forecast period 111
6.2.3.5 RFID tags and sensors 111
6.2.3.5.1 RFID tags and sensors help prevent illegal cutting and smuggling of trees 111
6.2.3.6 Variable rate controllers 111
6.2.3.6.1 Increasing adoption of site-specific vegetation management is expected to fuel the demand for variable rate controllers 111
6.2.3.7 Others 111
TABLE 31 PRECISION FORESTRY MARKET, BY OFFERING, 2017–2020 (USD MILLION) 111
TABLE 32 PRECISION FORESTRY MARKET, BY OFFERING, 2021–2026 (USD MILLION) 112
TABLE 33 PRECISION FORESTRY HARDWARE MARKET, BY TYPE,
2017–2020 (USD MILLION) 112
TABLE 34 PRECISION FORESTRY HARDWARE MARKET, BY TYPE,
2021–2026 (USD MILLION) 113
6.2.4 PRECISION AQUACULTURE HARDWARE 113
FIGURE 49 MONITORING DEVICES TO LEAD PRECISION AQUACULTURE HARDWARE MARKET FROM 2021 TO 2026 114
TABLE 35 PRECISION AQUACULTURE MARKET, BY OFFERING,
2017–2020 (USD MILLION) 114
TABLE 36 PRECISION AQUACULTURE MARKET, BY OFFERING,
2021–2026 (USD MILLION) 114
TABLE 37 PRECISION AQUACULTURE HARDWARE MARKET, BY DEVICE TYPE,
2017–2020 (USD MILLION) 115
TABLE 38 PRECISION AQUACULTURE HARDWARE MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION) 115
6.2.4.1 Monitoring devices 116
6.2.4.1.1 Temperature and environmental monitoring devices 116
6.2.4.1.1.1 Increasing demand for wireless sensor networks to monitor aquaculture farms would propel the growth of monitoring devices 116
6.2.4.1.2 pH and dissolved oxygen sensors 116
6.2.4.1.2.1 Growing need to monitor dissolved oxygen content expected to boost the deployment of pH and dissolved oxygen sensors 116
6.2.4.1.3 Others 116
6.2.4.2 Camera systems 116
6.2.4.2.1 Increase in the adoption of smart HD camera systems in aquaculture farming projected to fuel the market growth 116
6.2.4.3 Control systems 117
6.2.4.3.1 Adoption of automation devices in aquaculture farming is expected increase the demand for control systems 117
6.2.4.4 Others 117
6.2.5 SMART GREENHOUSE HARDWARE 117
FIGURE 50 HVAC SYSTEMS TO LEAD SMART GREENHOUSE HARDWARE MARKET DURING FORECAST PERIOD 117
TABLE 39 SMART GREENHOUSE MARKET, BY OFFERING, 2017–2020 (USD MILLION) 118
TABLE 40 SMART GREENHOUSE MARKET, BY OFFERING, 2021–2026 (USD MILLION) 118
TABLE 41 SMART GREENHOUSE HARDWARE MARKET, BY DEVICE TYPE,
2017–2020 (USD MILLION) 118
TABLE 42 SMART GREENHOUSE HARDWARE MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION) 119
TABLE 43 SMART GREENHOUSE HARDWARE MARKET, BY TYPE,
2017–2020 (USD MILLION) 119
TABLE 44 SMART GREENHOUSE HARDWARE MARKET, BY TYPE,
2021–2026 (USD MILLION) 119
6.2.5.1 HVAC systems 120
6.2.5.1.1 HVAC systems provide an improved indoor environment in smart greenhouses 120
6.2.5.2 LED grow lights 120
6.2.5.2.1 LED grow lights enhances operational efficiency and reduces energy consumption in smart greenhouses 120
6.2.5.3 Irrigation systems 120
6.2.5.3.1 Irrigation systems help in proper and timely watering of each zone in the greenhouse 120
6.2.5.4 Material handling equipment 121
6.2.5.4.1 Material handling equipment helps in reducing plant handling costs on farm 121
6.2.5.5 Valves and pumps 121
6.2.5.5.1 Valves and pumps help in managing efficient flow of water by proper distribution of water in various zones of farms 121
6.2.5.6 Control systems 121
6.2.5.6.1 Control systems in smart greenhouses make heating and cooling operations easy 121
6.2.5.7 Sensors and cameras 121
6.2.5.7.1 Sensors provide quantitative information to guide cultivators and enable automated decision-making related to crop cultivation 121
6.2.6 OTHER AGRICULTURE HARDWARE 122
TABLE 45 OTHER AGRICULTURE MARKET, BY OFFERING, 2017–2020 (USD MILLION) 122
TABLE 46 OTHER AGRICULTURE MARKET, BY OFFERING, 2021–2026 (USD MILLION) 122
6.3 SOFTWARE 122
FIGURE 51 IMPACT OF COVID-19 ON SMART AGRICULTURE SOFTWARE MARKET 123
TABLE 47 POST-COVID-19: SMART AGRICULTURE SOFTWARE MARKET,
2017–2026 (USD MILLION) 123
FIGURE 52 0N-CLOUD TO LEAD LIVESTOCK MONITORING SOFTWARE MARKET DURING FORECAST PERIOD 124
TABLE 48 PRECISION FARMING SOFTWARE MARKET, BY DEPLOYMENT TYPE,
2017–2020 (USD MILLION) 124
TABLE 49 PRECISION FARMING SOFTWARE MARKET, BY DEPLOYMENT TYPE,
2021–2026 (USD MILLION) 124
TABLE 50 LIVESTOCK MONITORING SOFTWARE MARKET, BY DEPLOYMENT TYPE,
2017–2020 (USD MILLION) 125
TABLE 51 LIVESTOCK MONITORING SOFTWARE MARKET, BY DEPLOYMENT TYPE,
2021–2026 (USD MILLION) 125
TABLE 52 PRECISION AQUACULTURE SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION) 125
TABLE 53 PRECISION AQUACULTURE SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 126
TABLE 54 SMART GREENHOUSE SOFTWARE MARKET, BY DEPLOYMENT TYPE,
2017–2020 (USD MILLION) 126
TABLE 55 SMART GREENHOUSE SOFTWARE MARKET, BY DEPLOYMENT TYPE,
2021–2026 (USD MILLION) 126
TABLE 56 OTHER AGRICULTURE SOFTWARE MARKET, BY DEPLOYMENT TYPE,
2017–2020 (USD MILLION) 126
TABLE 57 OTHER AGRICULTURE SOFTWARE MARKET, BY DEPLOYMENT TYPE,
2021–2026 (USD MILLION) 127
6.3.1 ON-PREMISES 127
6.3.1.1 Ability to reuse existing servers drive the market for on-premises software solutions 127
6.3.2 ON-CLOUD 127
6.3.2.1 Software-as-a-Service (SaaS) 128
6.3.2.1.1 Increasing popularity of the software-as-a-service model to access crucial data fuels demand for cloud technology 128
6.3.2.2 Platform-as-a-Service (PaaS) 128
6.3.2.2.1 PaaS helps in reducing upfront costs for organizations 128
6.3.3 AI & DATA ANALYTICS 128
6.3.3.1 AI & data analytics helps in improving harvest quality and accuracy 128
6.3.4 FARM MANAGEMENT SOFTWARE 128
6.3.4.1 Farm management software is used to optimize and manage farm operations 128
6.4 SERVICES 129
FIGURE 53 SYSTEM INTEGRATION AND CONSULTING SERVICES TO LEAD PRECISION FARMING SERVICES MARKET FROM 2021 TO 2026 129
TABLE 58 PRECISION FARMING SERVICES MARKET, BY TYPE,
2017–2020 (USD MILLION) 129
TABLE 59 PRECISION FARMING SERVICES MARKET, BY TYPE,
2021–2026 (USD MILLION) 130
TABLE 60 LIVESTOCK MONITORING SERVICES MARKET, BY TYPE,
2017–2020 (USD MILLION) 130
TABLE 61 LIVESTOCK MONITORING SERVICES MARKET, BY TYPE,
2021–2026 (USD MILLION) 130
TABLE 62 PRECISION AQUACULTURE SERVICES MARKET, BY TYPE,
2017–2020 (USD MILLION) 131
TABLE 63 PRECISION AQUACULTURE SERVICES MARKET, BY TYPE,
2021–2026 (USD MILLION) 131
TABLE 64 SMART GREENHOUSE SERVICES MARKET, BY TYPE,
2017–2020 (USD MILLION) 131
TABLE 65 SMART GREENHOUSE SERVICES MARKET, BY TYPE,
2021–2026 (USD MILLION) 132
TABLE 66 OTHER AGRICULTURE SERVICES MARKET, BY TYPE,
2017–2020 (USD MILLION) 132
TABLE 67 OTHER AGRICULTURE SERVICES MARKET, BY TYPE,
2021–2026 (USD MILLION) 132
6.4.1 SYSTEM INTEGRATION AND CONSULTING SERVICES 133
6.4.1.1 High demand for integration of software and hardware equipment expected to propel the growth of system integration and consulting services 133
6.4.2 MANAGED SERVICES 133
6.4.2.1 Managed services are provided by third-party vendors who help in the management of precision farming activities 133
6.4.2.2 Farm operation services 133
6.4.2.2.1 Farm operation services help generate records and integrate unstructured data 133
6.4.2.3 Data services 133
6.4.2.3.1 Growth of mobile applications is expected to increase demand for data services 133
6.4.2.4 Analytics services 134
6.4.2.4.1 Increased demand for real-time information to propel the market for analytics services 134
6.4.3 CONNECTIVITY SERVICES 134
6.4.3.1 Connectivity services help in generating real-time data for better decision making 134
6.4.4 ASSISTED PROFESSIONAL SERVICES 134
6.4.4.1 Assisted professional services help in the improvement and implementation of standards of projects 134
6.4.4.2 Supply chain management services 135
6.4.4.2.1 Supply and management services help in mitigating frequent hardware system failures 135
6.4.4.3 Climate information services 135
6.4.4.3.1 Climate information services help in better planning of farming activities 135
6.4.4.4 Others 135
6.4.5 MAINTENANCE AND SUPPORT SERVICES 136
6.4.5.1 High deployment of software solutions and precision farming hardware equipment to boost demand for maintenance and support services 136
6.4.6 INSTALLATION AND DEPLOYMENT SERVICES 136
6.4.6.1 Installation of hardware equipment and software platform expected to create new opportunities 136
7 SMART AGRICULTURE MARKET, BY AGRICULTURE TYPE 137
7.1 INTRODUCTION 138
FIGURE 54 PRECISION FARMING EXPECTED TO DOMINATE SMART AGRICULTURE MARKET FROM 2021 TO 2026 138
TABLE 68 SMART AGRICULTURE MARKET, BY AGRICULTURE TYPE,
2017–2020 (USD MILLION) 138
TABLE 69 SMART AGRICULTURE MARKET, BY AGRICULTURE TYPE,
2021–2026 (USD MILLION) 139
7.2 PRECISION FARMING 139
7.2.1 FOCUS ON FARMERS TO IMPROVE FARM EFFICIENCY AND INCREASE CROP PRODUCTIVITY IS DRIVING THE PRECISION FARMING MARKET 139
FIGURE 55 VARIABLE RATE TECHNOLOGY TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026 140
TABLE 70 PRECISION FARMING MARKET, BY TECHNOLOGY,
2017–2020 (USD MILLION) 140
TABLE 71 PRECISION FARMING MARKET, BY TECHNOLOGY,
2021–2026 (USD MILLION) 140
TABLE 72 PRECISION FARMING MARKET, BY REGION, 2017–2020 (USD MILLION) 141
TABLE 73 PRECISION FARMING MARKET, BY REGION, 2021–2026 (USD MILLION) 141
FIGURE 56 PRECISION FARMING MARKET IN APAC EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 141
7.3 LIVESTOCK MONITORING 142
7.3.1 LIVESTOCK MONITORING HELPS PROVIDE REAL-TIME INFORMATION ON ANIMAL HEALTH 142
FIGURE 57 EUROPE TO LEAD LIVESTOCK MONITORING MARKET DURING FORECAST PERIOD 142
TABLE 74 LIVESTOCK MONITORING MARKET, BY REGION, 2017–2020 (USD MILLION) 143
TABLE 75 LIVESTOCK MONITORING MARKET, BY REGION, 2021–2026 (USD MILLION) 143
7.4 PRECISION AQUACULTURE 143
7.4.1 ADOPTION OF TECHNOLOGIES LIKE IOT AND AI IN AQUAFARMS HELPS IN DRIVING PRECISION AQUACULTURE MARKET 143
TABLE 76 PRECISION AQUACULTURE MARKET, BY REGION, 2017–2020 (USD MILLION) 144
TABLE 77 PRECISION AQUACULTURE MARKET, BY REGION, 2021–2026 (USD MILLION) 144
7.4.2 SMART FEEDING SYSTEMS 145
7.4.2.1 Smart feeding system helps in determining the size and eating behavior of fishes 145
7.4.3 MONITORING AND CONTROL SYSTEMS 145
7.4.3.1 Monitoring and control system improving the efficiency of aquafarms 145
7.4.4 UNDERWATER REMOTELY-OPERATED VEHICLES 145
7.4.4.1 ROVs helps in monitoring underwater species to improve the aquafarms operation 145
7.5 PRECISION FORESTRY 146
7.5.1 USE OF TECHNOLOGIES HELPS IN MAKING PRECISION FORESTRY EFFICIENT AND ECONOMICAL 146
FIGURE 58 FIRE DETECTION TECHNOLOGY TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026 147
TABLE 78 PRECISION FORESTRY MARKET, BY TECHNOLOGY,
2017–2020 (USD MILLION) 147
TABLE 79 PRECISION FORESTRY MARKET, BY TECHNOLOGY,
2021–2026 (USD MILLION) 147
TABLE 80 PRECISION FORESTRY MARKET, BY REGION, 2017–2020 (USD MILLION) 148
TABLE 81 PRECISION FORESTRY MARKET, BY REGION, 2021–2026 (USD MILLION) 148
FIGURE 59 PRECISION FORESTRY MARKET IN APAC AND ROW TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 148
7.6 SMART GREENHOUSE 149
7.6.1 WIRED AND WIRELESS TECHNOLOGIES HELPS IN IMPROVING SMART GREENHOUSE OPERATIONS 149
TABLE 82 SMART GREENHOUSE MARKET, BY TYPE, 2017–2020 (USD MILLION) 150
TABLE 83 SMART GREENHOUSE MARKET, BY TYPE, 2021–2026 (USD MILLION) 150
TABLE 84 SMART GREENHOUSE MARKET, BY REGION, 2017–2020 (USD MILLION) 150
TABLE 85 SMART GREENHOUSE MARKET, BY REGION, 2021–2026 (USD MILLION) 150
FIGURE 60 SMART GREENHOUSE MARKET IN EUROPE TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 151
7.7 OTHERS 151
FIGURE 61 AMERICAS EXPECTED TO BE THE LARGEST MARKET FOR OTHER AGRICULTURE TYPES DURING FORECAST PERIOD 151
TABLE 86 OTHER AGRICULTURE MARKET, BY TYPE, 2017–2020 (USD MILLION) 152
TABLE 87 OTHER AGRICULTURE MARKET, BY TYPE, 2021–2026 (USD MILLION) 152
TABLE 88 OTHER AGRICULTURE MARKET, BY REGION, 2017–2020 (USD MILLION) 152
TABLE 89 OTHER AGRICULTURE MARKET, BY REGION, 2021–2026 (USD MILLION) 152
8 SMART AGRICULTURE MARKET, BY APPLICATION 153
8.1 INTRODUCTION 154
FIGURE 62 SMART AGRICULTURE MARKET, BY APPLICATION 154
TABLE 90 SMART AGRICULTURE MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 154
TABLE 91 SMART AGRICULTURE MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 155
8.2 PRECISION FARMING 155
FIGURE 63 COVID-19 IMPACT ON PRECISION FARMING 156
TABLE 92 POST-COVID 19: PRECISION FARMING MARKET, 2017–2026 (USD MILLION) 156
FIGURE 64 WEATHER TRACKING & FORECASTING TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 157
TABLE 93 PRECISION FARMING MARKET, BY FUNCTION, 2017–2020 (USD MILLION) 157
TABLE 94 PRECISION FARMING MARKET, BY FUNCTION, 2021–2026 (USD MILLION) 158
8.2.1 YIELD MONITORING 158
TABLE 95 BENEFITS OF YIELD MONITORING 159
8.2.1.1 On-farm yield monitoring 160
8.2.1.1.1 On-farm yield monitoring helps in the specific allocation of resources according to the needs of plants 160
8.2.1.2 Off-farm yield monitoring 160
8.2.1.2.1 Off-farm monitoring technique is beneficial for analysing health of the yield after the harvesting 160
FIGURE 65 MARKET FOR YIELD MONITORING IN APAC TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 161
8.2.2 FIELD MAPPING 161
8.2.2.1 Drainage mapping application to record higher CAGR during the forecast period 161
8.2.3 BOUNDARY MAPPING 161
8.2.3.1 Boundary mapping helps farmers attain objectives related to crop productivity 161
8.2.4 DRAINAGE MAPPING 161
8.2.4.1 Drainage mapping helps in the elimination of soil moisture 161
8.2.5 CROP SCOUTING 162
8.2.5.1 Increase in demand for crop management to propel the growth of crop scouting 162
8.2.6 WEATHER TRACKING & FORECASTING 162
8.2.6.1 Weather tracking and forecasting helps in taking precautionary measures for farm protection from natural calamities 162
8.2.7 VARIABLE RATE 163
8.2.7.1 Variable rate helps in optimizing crops input for efficient farming 163
8.2.8 PRECISION IRRIGATION 163
8.2.8.1 Precision irrigation helps in minimizing water wastage and improving soil fertility 163
8.2.9 PRECISION SEEDING 163
8.2.9.1 Precision seeding improves harvest and packing efficiency 163
8.2.10 PRECISION FERTILIZATION 164
8.2.10.1 Precision fertilizer helps in the nutrition requirements of crops for optimum growth 164
8.2.11 PESTICIDE VRA 164
8.2.11.1 Pesticide VRA prevents overuse of pesticides on crops 164
 
8.2.12 INVENTORY MANAGEMENT 164
8.2.12.1 Growing demand for GPS devices for inventory management to propel market growth 164
8.2.13 FARM LABOR MANAGEMENT 165
8.2.13.1 Increasing need for effective handling of labor expected to drive demand for farm labor management solutions 165
8.2.14 FINANCIAL MANAGEMENT 165
8.2.14.1 Financial management helps farmers or growers make strategic decisions 165
8.2.15 OTHERS 166
8.3 LIVESTOCK MONITORING 166
FIGURE 66 IMPACT OF COVID-19 ON LIVESTOCK MONITORING 166
TABLE 96 POST-COVID-19: LIVESTOCK MONITORING, 2017–2026 (USD MILLION) 166
FIGURE 67 BREEDING MANAGEMENT & ANIMAL COMFORT MANAGEMENT EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 167
TABLE 97 LIVESTOCK MONITORING MARKET, BY FUNCTION,
2017–2020 (USD MILLION) 167
TABLE 98 LIVESTOCK MONITORING MARKET, BY FUNCTION,
2021–2026 (USD MILLION) 168
8.3.1 FEEDING MANAGEMENT 168
8.3.1.1 Increasing awareness in dairy farm owners for correct diet formulation is expected to fuel the growth of feeding management 168
8.3.2 MILK HARVESTING MANAGEMENT 169
8.3.2.1 Automated milk solutions in dairy farms expected to drive milk harvest management 169
8.3.3 BREEDING MANAGEMENT 169
8.3.3.1 Increase in dairy cattle reproduction will drive demand for livestock monitoring solutions 169
8.3.4 HEAT STRESS MANAGEMENT 170
8.3.4.1 Heat stress management expected to witness steady growth in livestock monitoring market during the forecast period 170
8.3.5 ANIMAL COMFORT MANAGEMENT 170
8.3.5.1 Increase in practices by livestock owners to detect diseases at initial phase drives demand for animal comfort management software 170
8.3.6 BEHAVIOR MONITORING AND CONTROL 171
8.3.6.1 Active awareness regarding animal behavior is expected to boost demand for monitoring solutions 171
8.3.7 OTHERS 171
8.4 PRECISION AQUACULTURE 172
FIGURE 68 FEEDING MANAGEMENT TO LEAD PRECISION AQUACULTURE MARKET
FROM 2021 TO 2026 172
TABLE 99 PRECISION AQUACULTURE MARKET, BY FUNCTION,
2017–2020 (USD MILLION) 172
TABLE 100 PRECISION AQUACULTURE MARKET, BY FUNCTION,
2021–2026 (USD MILLION) 173
 
8.4.1 FEEDING MANAGEMENT 173
8.4.1.1 Increase in nutrition management of species projected to grow the demand for feeding management 173
8.4.2 MONITORING, CONTROL, AND SURVEILLANCE 173
8.4.2.1 Rising adoption of AI and IoT technologies for farm management to propel the growth of monitoring and surveillance 173
8.4.3 OTHERS 174
8.5 PRECISION FORESTRY 174
FIGURE 69 SILVICULTURE AND FIRE MANAGEMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 174
TABLE 101 PRECISION FORESTRY MARKET, BY FUNCTION, 2017–2020 (USD MILLION) 175
TABLE 102 PRECISION FORESTRY MARKET, BY FUNCTION, 2021–2026 (USD MILLION) 175
8.5.1 GENETICS AND NURSERIES 175
8.5.1.1 UAVs/drones are increasingly being used for tree plantation 175
8.5.2 SILVICULTURE AND FIRE MANAGEMENT 176
8.5.2.1 High adoption of wireless sensor network-based forest fire detection systems to propel the growth of silviculture and fire management 176
8.5.3 HARVESTING MANAGEMENT 176
8.5.3.1 Harvesting management to account for largest market share during the forecast period 176
8.5.4 INVENTORY AND LOGISTICS MANAGEMENT 176
8.5.4.1 Inventory and logistics management helps in manual error to make the supply chain more effective 176
8.6 SMART GREENHOUSE 177
TABLE 103 SMART GREENHOUSE MARKET, BY FUNCTION, 2017–2020 (USD MILLION) 177
TABLE 104 SMART GREENHOUSE MARKET, BY FUNCTION, 2021–2026 (USD MILLION) 177
8.6.1 COMMERCIAL 178
8.6.1.1 Automation system to increase cultivation in commercial greenhouse 178
8.6.2 RESEARCH 178
8.6.2.1 Increase in demand for customized greenhouses for Research will drive the segment 178
8.6.3 UNIVERSITIES & SCHOOLS 178
8.6.3.1 School greenhouse is an effective way to educate students about eco-friendly farming practices 178
8.6.4 HVAC MANAGEMENT 178
8.6.4.1 Greenhouse helps in providing an optimal indoor environment for plant growth 178
8.6.5 YIELD MONITORING AND HARVESTING 179
8.6.5.1 Yield monitoring tracks temperature, humidity, and light in the room to improves productivity 179
8.6.6 WATER & FERTILIZER MANAGEMENT 179
8.6.6.1 Water & fertilizer management helps in reducing waste and production costs of greenhouse 179
8.6.7 OTHERS 179
8.7 OTHERS 179

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

Rating: 

1 User License $4,950

Publication Date:  March, 2022

Price:       $4,950 / User License




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...

Publisher:        MarketsandMarkets

# of Pages:        184

Rating: 

1 User License $4,950

Publication Date:  March, 2022

Price:       $4,950 / User License




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