Advanced
  Home Compare Reports

Comparison with Similar Reports

Artificial Intelligence in Healthcare Market by Offering (Hardware, Software, Services), Technology (Machine Learning, NLP, Context-aware Computing, C...

Publisher:        MarketsandMarkets

# of Pages:        253

Rating: 

1 User License $4,950

Publication Date:  October, 2021

Price:       $4,950 / User License




1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 26
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 STUDY SCOPE 27
1.3.1 MARKETS COVERED 27
1.3.2 GEOGRAPHIC SCOPE 27
1.3.3 YEARS CONSIDERED 28
1.4 CURRENCY 28
1.5 VOLUME UNIT CONSIDERED 28
1.6 LIMITATIONS 29
1.7 STAKEHOLDERS 29
1.8 SUMMARY OF CHANGES 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY AND PRIMARY RESEARCH 33
2.1.2 SECONDARY DATA 33
2.1.2.1 List of major secondary sources 34
2.1.2.2 Secondary sources 34
2.1.3 PRIMARY DATA 35
2.1.3.1 Primary interviews with experts 35
2.1.3.2 Key industry insights 35
2.1.3.3 Breakdown of primaries 36
2.2 MARKET SIZE ESTIMATION 36
2.2.1 BOTTOM-UP APPROACH 36
2.2.1.1 Estimating market size by bottom-up approach (demand side) 36
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 37
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM-UP (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION OF COMPANIES FROM SALES OF AI IN HEALTHCARE OFFERING 37
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3—BOTTOM-UP (DEMAND SIDE) ESTIMATION OF SIZE OF AI IN HEALTHCARE MARKET,
BY END USER 38
2.2.2 TOP-DOWN APPROACH 39
2.2.2.1 Estimating market size by top-down approach (supply side) 39
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 39
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED FROM AI IN HEALTHCARE OFFERINGS 40
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 41
FIGURE 7 DATA TRIANGULATION 41
2.4 RESEARCH ASSUMPTIONS 42
FIGURE 8 ASSUMPTIONS FOR RESEARCH STUDY 42
2.5 RISK ASSESSMENT 43
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS 43
2.6 LIMITATIONS 43
3 EXECUTIVE SUMMARY 44
3.1 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 44
TABLE 2 GLOBAL AI IN HEALTHCARE MARKET, 2018–2020 (USD MILLION) 45
TABLE 3 GLOBAL AI IN HEALTHCARE MARKET, 2021–2027 (USD MILLION) 45
FIGURE 9 EFFECT OF COVID-19 ON AI IN HEALTHCARE MARKET 46
3.2 POST-COVID-19 SCENARIO 46
TABLE 4 POST-COVID-19 SCENARIO: AI IN HEALTHCARE MARKET,
2021–2027 (USD MILLION) 46
3.3 OPTIMISTIC SCENARIO (POST-COVID-19) 46
TABLE 5 OPTIMISTIC SCENARIO (POST-COVID-19): AI IN HEALTHCARE MARKET, 2021–2027 (USD MILLION) 46
3.4 PESSIMISTIC SCENARIO (POST-COVID-19) 46
TABLE 6 PESSIMISTIC SCENARIO (POST-COVID-19): AI IN HEALTHCARE MARKET, 2021–2027 (USD BILLION) 46
FIGURE 10 SOFTWARE SEGMENT TO LEAD AI IN HEALTHCARE MARKET, IN TERMS OF SIZE, FROM 2018 TO 2027 47
FIGURE 11 NORTH AMERICA TO HOLD LARGEST SHARE OF AI IN HEALTHCARE MARKET
IN 2021 48
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN AI IN HEALTHCARE MARKET 49
FIGURE 12 AVAILABILITY OF BIG DATA IN HEALTHCARE AND INCREASING ADOPTION OF AI-BASED TOOLS IN HEALTHCARE FACILITIES ARE MAJOR FACTORS DRIVING MARKET GROWTH DURING 2021–2027 49
4.2 AI IN HEALTHCARE MARKET, BY TECHNOLOGY 49
FIGURE 13 MACHINE LEARNING TECHNOLOGY TO ACCOUNT FOR LARGEST SIZE OF AI IN HEALTHCARE MARKET FROM 2021 TO 2027 49
4.3 AI IN HEALTHCARE MARKET, BY TECHNOLOGY AND REGION 50
FIGURE 14 MACHINE LEARNING TECHNOLOGY AND NORTH AMERICA TO BE LARGEST SHAREHOLDERS OF AI IN HEALTHCARE MARKET IN IN 2021 50
4.4 AI IN HEALTHCARE MARKET, BY COUNTRY 50
FIGURE 15 AI IN HEALTHCARE MARKET IN CHINA AND MEXICO TO GROW AT HIGHEST CAGR FROM 2021 TO 2027 50
 
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 52
FIGURE 16 AI IN HEALTHCARE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 52
5.2.1 DRIVERS 53
5.2.1.1 Influx of large and complex healthcare datasets 53
5.2.1.2 Growing need to reduce healthcare costs 54
5.2.1.3 Improving computing power and declining hardware cost 55
5.2.1.4 Rising number of partnerships and collaborations among different domains in healthcare sector 55
5.2.1.5 Surging need for improvised healthcare services due to imbalance between health workforce and patients 57
5.2.2 RESTRAINTS 57
5.2.2.1 Reluctance among medical practitioners to adopt AI-based technologies 58
5.2.2.2 Lack of skilled AI workforce and ambiguous regulatory guidelines
for medical software 58
5.2.3 OPPORTUNITIES 59
5.2.3.1 Growing potential of AI-based tools for elderly care 59
5.2.3.2 Increasing focus on developing human-aware AI systems 60
5.2.3.3 Rising potential of AI technology in genomics, drug discovery,
and imaging & diagnostics to fight COVID-19 60
5.2.4 CHALLENGES 61
5.2.4.1 Lack of curated healthcare data 61
5.2.4.2 Concerns regarding data privacy 61
FIGURE 17 TYPES OF HEALTHCARE BREACHES REPORTED TO US DEPARTMENT OF HEALTH AND HUMAN SERVICES (2019 TO 2021) 62
5.2.4.3 Lack of interoperability between AI solutions offered by different vendors 62
5.3 VALUE CHAIN ANALYSIS 62
FIGURE 18 AI IN HEALTHCARE MARKET VALUE CHAIN IN 2020 63
5.4 PORTER’S FIVE FORCES ANALYSIS 64
TABLE 7 AI IN HEALTHCARE MARKET: PORTER’S FIVE FORCES ANALYSIS 64
5.5 ECOSYSTEM ANALYSIS 65
TABLE 8 ECOSYSTEM: AI IN HEALTHCARE MARKET 66
5.6 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AI IN HEALTHCARE MARKET 67
FIGURE 19 YC–YCC SHIFT: AI IN HEALTHCARE MARKET 67
5.7 CASE STUDY ANALYSIS 68
5.7.1 USE CASE – BIOBEAT (ISRAEL) 68
5.7.2 USE CASE – CLEVELAND CLINIC AND MICROSOFT 68
5.7.3 USE CASE – GOVERNMENT OF INDIA, MICROSOFT, AND ACCENTURE 69
 
5.8 TECHNOLOGY ANALYSIS 69
5.8.1 CLOUD COMPUTING 69
5.8.2 CLOUD GPU 69
5.9 PRICING ANALYSIS 70
FIGURE 20 ASP OF PROCESSOR COMPONENTS, AI IN HEALTHCARE MARKET,
2018–2027 (USD) 70
TABLE 9 ASP RANGE OF PROCESSOR COMPONENTS IN AI IN HEALTHCARE MARKET, 2018–2027 70
TABLE 10 ASP RANGE OF SERVER SOFTWARE IN AI IN HEALTHCARE MARKET 71
5.10 TRADE ANALYSIS 71
TABLE 11 EXPORTS DATA, BY COUNTRY, 2016–2020 71
FIGURE 21 EXPORTS DATA FOR HS CODE 854231 FOR TOP COUNTRIES IN AI IN HEALTHCARE MARKET, 2016–2020 (THOUSAND UNITS) 72
TABLE 12 IMPORTS DATA, BY COUNTRY, 2016–2020 72
FIGURE 22 IMPORTS DATA FOR HS CODE 854231 FOR TOP COUNTRIES IN AI IN HEALTHCARE MARKET, 2016–2020 (THOUSAND UNITS) 73
5.11 PATENT ANALYSIS 74
FIGURE 23 PATENT ANALYSIS: AI IN HEALTHCARE MARKET 74
TABLE 13 LIST OF PATENTS 75
5.12 REGULATORY LANDSCAPE 76
TABLE 14 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS
AND CONTROLLERS ARE EXPORTED BY US, 2020 76
TABLE 15 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS
AND CONTROLLERS ARE EXPORTED BY CHINA, 2020 77
TABLE 16 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS
AND CONTROLLERS EXPORTED BY GERMANY, 2020 77
5.12.1 REGULATIONS 77
5.12.1.1 Export-import regulations 78
5.12.2 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) AND WASTE ELECTRICAL AND ELECTRONIC EQUIPMENT (WEEE) 78
5.12.3 REGISTRATION, EVALUATION, AUTHORIZATION, AND RESTRICTION OF CHEMICALS (REACH) 79
5.12.4 GENERAL DATA PROTECTION REGULATION (GDPR) 79
6 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY OFFERING 80
6.1 INTRODUCTION 81
FIGURE 24 AI IN HEALTHCARE MARKET, BY OFFERING 81
FIGURE 25 SOFTWARE TO HOLD LARGEST SIZE OF AI IN HEALTHCARE MARKET DURING FORECAST PERIOD 82
TABLE 17 AI IN HEALTHCARE MARKET, BY OFFERING, 2018–2020 (USD MILLION) 82
TABLE 18 AI IN HEALTHCARE MARKET, BY OFFERING, 2021–2027 (USD MILLION) 82
6.2 HARDWARE 83
6.2.1 PROCESSORS, MEMORY DEVICES, AND NETWORK SYSTEMS ARE INALIENABLE HARDWARE COMPONENTS OF AI IN HEALTHCARE ECOSYSTEM 83
TABLE 19 AI IN HEALTHCARE MARKET, BY HARDWARE, 2018–2020 (USD MILLION) 83
TABLE 20 AI IN HEALTHCARE MARKET, BY HARDWARE, 2021–2027 (USD MILLION) 83
TABLE 21 AI IN HEALTHCARE MARKET FOR HARDWARE, BY REGION,
2018–2020 (USD MILLION) 83
TABLE 22 AI IN HEALTHCARE MARKET FOR HARDWARE, BY REGION,
2021–2027 (USD MILLION) 84
6.2.2 PROCESSOR 84
6.2.2.1 Intel (US), Nvidia (US), and Xilinx (US) are key providers of hardware components for AI applications 84
TABLE 23 AI IN HEALTHCARE MARKET, BY PROCESSOR TYPE,
2018–2020 (MILLION UNITS) 84
TABLE 24 AI IN HEALTHCARE MARKET, BY PROCESSOR TYPE,
2021–2027 (MILLION UNITS) 85
TABLE 25 AI IN HEALTHCARE MARKET, BY PROCESSOR TYPE,
2018–2020 (USD MILLION) 85
TABLE 26 AI IN HEALTHCARE MARKET, BY PROCESSOR TYPE,
2021–2027 (USD MILLION) 85
6.2.2.2 MPU/CPU 85
6.2.2.2.1 Use case: Dynalife and Altaml colon polyp project 86
6.2.2.3 GPU 86
6.2.2.3.1 Use case: University of Sydney, brain and mind center (SNAC) and Nvidia 86
6.2.2.4 FPGA 86
6.2.2.4.1 Use case: Xilinx and spline. AI 87
6.2.2.5 ASIC 87
6.2.2.5.1 Neureality: NR1-p Soc’s 87
6.2.3 MEMORY 87
6.2.3.1 High-bandwidth memory is being developed and deployed for
AI applications, independent of its computing architecture 87
6.2.3.2 Case study: INTEL, DELL, and university of florida 88
6.2.4 NETWORK 88
6.2.4.1 Nvidia (US) and Intel (US) are key providers of network interconnect adapters for AI applications 88
6.2.4.2 Recent development: 88
TABLE 27 AI IN HEALTHCARE MARKET, BY NETWORK, 2018–2020 (MILLION UNITS) 89
TABLE 28 AI IN HEALTHCARE MARKET, BY NETWORK, 2021–2027 (MILLION UNITS) 89
TABLE 29 AI IN HEALTHCARE MARKET, BY NETWORK, 2018–2020 (USD MILLION) 89
TABLE 30 AI IN HEALTHCARE MARKET, BY NETWORK, 2021–2027 (USD MILLION) 89
6.3 SOFTWARE 90
6.3.1 SOFTWARE SEGMENT HOLDS LARGEST SHARE IN AI IN HEALTHCARE MARKET 90
TABLE 31 AI IN HEALTHCARE MARKET, BY SOFTWARE TYPE, 2018–2020 (USD MILLION) 90
TABLE 32 AI IN HEALTHCARE MARKET, BY SOFTWARE TYPE, 2021–2027 (USD MILLION) 90
TABLE 33 AI IN HEALTHCARE MARKET FOR SOFTWARE, BY REGION,
2018–2020 (USD MILLION) 90
TABLE 34 AI IN HEALTHCARE MARKET FOR SOFTWARE, BY REGION,
2021–2027 (USD MILLION) 91
6.3.2 AI SOLUTION 91
6.3.2.1 Case study: VA Hospital (TEXAS) and DeepMind health 91
TABLE 35 AI IN HEALTHCARE MARKET FOR AI SOLUTIONS, BY DEPLOYMENT MODE, 2018–2020 (USD MILLION) 91
TABLE 36 AI IN HEALTHCARE MARKET FOR AI SOLUTIONS, BY DEPLOYMENT MODE, 2021–2027 (USD MILLION) 91
6.3.2.2 On premises 92
6.3.2.2.1 Data-sensitive enterprises prefer advanced on-premises NLP and ML tools for use in AI solutions 92
6.3.2.2.2 Recent development: 92
6.3.2.3 Cloud 92
6.3.2.3.1 Cloud provides additional flexibility for business operations and real-time deployment ease to companies that are implementing real-time analytics 92
6.3.2.3.2 Case study: Google and Portal Telemedicina 92
6.3.3 AI PLATFORM 93
TABLE 37 AI IN HEALTHCARE MARKET FOR SOFTWARE, BY AI PLATFORM,
2018–2020 (USD MILLION) 93
TABLE 38 AI IN HEALTHCARE MARKET FOR SOFTWARE, BY AI PLATFORM,
2021–2027 (USD MILLION) 93
6.3.3.1 Machine learning framework 94
6.3.3.2 Application program interface 94
6.3.3.2.1 Case study: AWS and Caremonitor 94
6.4 SERVICES 94
6.4.1 BIG TECHNOLOGY COMPANIES SUCH AS MICROSOFT (US), AND GOOGLE (US) ARE PROVIDING CLOUD SERVICES FOR AI IN HEALTHCARE APPLICATIONS 94
TABLE 39 AI IN HEALTHCARE MARKET, BY SERVICE TYPE, 2018–2020 (USD MILLION) 95
TABLE 40 AI IN HEALTHCARE MARKET, BY SERVICE TYPE, 2021–2027 (USD MILLION) 95
TABLE 41 AI IN HEALTHCARE MARKET FOR SERVICES, BY REGION,
2018–2020 (USD MILLION) 95
TABLE 42 AI IN HEALTHCARE MARKET FOR SERVICES, BY REGION,
2021–2027 (USD MILLION) 95
6.4.2 DEPLOYMENT & INTEGRATION 96
6.4.3 SUPPORT & MAINTENANCE 96
7 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY TECHNOLOGY 97
7.1 INTRODUCTION 98
FIGURE 26 AI IN HEALTHCARE MARKET, BY TECHNOLOGY 98
FIGURE 27 MACHINE LEARNING TECHNOLOGY TO HOLD LARGEST SIZE OF AI IN HEALTHCARE MARKET DURING FORECAST PERIOD 98
TABLE 43 AI IN HEALTHCARE MARKET, BY TECHNOLOGY, 2018–2020 (USD MILLION) 99
TABLE 44 AI IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 99
7.2 MACHINE LEARNING 99
7.2.1 CASE STUDY: MAYO CLINIC AND GOOGLE 100
TABLE 45 AI IN HEALTHCARE MARKET FOR MACHINE LEARNING, BY TYPE,
2018–2020 (USD MILLION) 100
TABLE 46 AI IN HEALTHCARE MARKET FOR MACHINE LEARNING, BY TYPE,
2021–2027 (USD MILLION) 100
7.2.2 DEEP LEARNING 101
7.2.2.1 Deep learning enables machines to build hierarchical representations 101
7.2.2.2 Case study: Johns Hopkins university and Google 102
7.2.3 SUPERVISED LEARNING 102
7.2.3.1 Classification and regression are major segments of supervised learning 102
7.2.4 REINFORCEMENT LEARNING 102
7.2.4.1 Reinforcement learning allows systems and software to determine ideal behavior for maximizing performance of systems 102
7.2.5 UNSUPERVISED LEARNING 102
7.2.5.1 Unsupervised learning includes clustering methods consisting of algorithms with unlabeled training data 102
7.2.6 OTHERS 103
7.3 NATURAL LANGUAGE PROCESSING 103
7.3.1 NLP IS WIDELY USED BY CLINICAL AND RESEARCH COMMUNITIES IN HEALTHCARE 103
7.3.2 CASE STUDY: ROCHE AND JOHN SNOW LABS 103
7.3.3 CASE STUDY: DEEP 6 AI AND JOHN SNOW LABS 104
TABLE 47 AI IN HEALTHCARE MARKET FOR NATURAL LANGUAGE PROCESSING,
BY TYPE, 2018–2020 (USD MILLION) 104
TABLE 48 AI IN HEALTHCARE MARKET FOR NATURAL LANGUAGE PROCESSING,
BY TYPE, 2021–2027 (USD MILLION) 104
7.4 CONTEXT-AWARE COMPUTING 105
7.4.1 DEVELOPMENT OF MORE SOPHISTICATED HARD AND SOFT SENSORS HAS ACCELERATED GROWTH OF CONTEXT-AWARE COMPUTING 105
7.4.2 RECENT DEVELOPMENT: PEGASYSTEMS 105
TABLE 49 AI IN HEALTHCARE MARKET FOR CONTEXT-AWARE COMPUTING, BY TYPE, 2018–2020 (USD MILLION) 105
TABLE 50 AI IN HEALTHCARE MARKET FOR CONTEXT-AWARE COMPUTING, BY TYPE, 2021–2027 (USD MILLION) 106
7.5 COMPUTER VISION 106
7.5.1 COMPUTER VISION TECHNOLOGY HAS SIGNIFICANT APPLICATIONS IN SURGERY AND THERAPY 106
7.5.2 RECENT DEVELOPMENT: NORTHWESTERN MEMORIAL HOSPITAL AND NVIDIA 106
8 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY APPLICATION 107
8.1 INTRODUCTION 108
FIGURE 28 AI IN HEALTHCARE MARKET, BY APPLICATION 108
FIGURE 29 MEDICAL IMAGING & DIAGNOSTICS TO ACCOUNT FOR LARGEST SIZE OF
AI IN HEALTHCARE MARKET IN 2027 109
TABLE 51 AI IN HEALTHCARE MARKET, BY APPLICATION, 2018–2020 (USD MILLION) 109
TABLE 52 AI IN HEALTHCARE MARKET, BY APPLICATION, 2021–2027 (USD MILLION) 110
 
8.2 PATIENT DATA & RISK ANALYSIS 110
8.2.1 GROWTH IN HEALTHCARE DATASETS AND PATIENTS’ HISTORIES HAS LED TO ADOPTION OF PATIENT DATA & RISK ANALYSIS SOLUTIONS 110
8.2.2 USE CASE: UNIVERSITY OF NOTTINGHAM 111
8.2.3 USE CASE: CLEVELAND CLINIC AND MICROSOFT 111
TABLE 53 AI IN HEALTHCARE MARKET FOR PATIENT DATA AND RISK ANALYSIS,
BY REGION, 2018–2020 (USD MILLION) 111
TABLE 54 AI IN HEALTHCARE MARKET FOR PATIENT DATA AND RISK ANALYSIS,
BY REGION, 2021–2027 (USD MILLION) 111
TABLE 55 AI IN HEALTHCARE MARKET FOR PATIENT DATA AND RISK ANALYSIS,
BY END USER, 2018–2020 (USD MILLION) 112
TABLE 56 AI IN HEALTHCARE MARKET FOR PATIENT DATA AND RISK ANALYSIS,
BY END USER, 2021–2027 (USD MILLION) 112
8.3 INPATIENT CARE & HOSPITAL MANAGEMENT 112
8.3.1 EXCESSIVE OPERATIONAL COSTS TO GENERATE DEMAND FOR AI-BASED INPATIENT CARE AND HOSPITAL MANAGEMENT SOLUTIONS 112
8.3.2 USE CASE: QURE.AI AND ROYAL BOLTON HOSPITAL 113
TABLE 57 AI IN HEALTHCARE MARKET FOR INPATIENT CARE & HOSPITAL MANAGEMENT, BY REGION, 2018–2020 (USD MILLION) 113
TABLE 58 AI IN HEALTHCARE MARKET FOR INPATIENT CARE & HOSPITAL MANAGEMENT, BY REGION, 2021–2027 (USD MILLION) 113
TABLE 59 AI IN HEALTHCARE MARKET FOR INPATIENT CARE AND HOSPITAL MANAGEMENT, BY END USER, 2018–2020 (USD MILLION) 114
TABLE 60 AI IN HEALTHCARE MARKET FOR INPATIENT CARE AND HOSPITAL MANAGEMENT, BY END USER, 2021–2027 (USD MILLION) 114
8.4 MEDICAL IMAGING & DIAGNOSTICS 114
8.4.1 LEVERAGING CAPABILITIES OF HIGH-END GPU IN GENERATING HIGHLY ACCURATE IMAGING DATA HAS LED TO GROWTH OF AI-BASED MEDICAL IMAGING & DIAGNOSTICS SOLUTIONS 114
8.4.2 USE CASE: ULTRONICS, ZEBRA MEDICAL VISION, AI2, AND FUJIFILM SONOSITE 115
TABLE 61 AI IN HEALTHCARE MARKET FOR MEDICAL IMAGING AND DIAGNOSTICS,
BY REGION, 2018–2020 (USD MILLION) 115
TABLE 62 AI IN HEALTHCARE MARKET FOR MEDICAL IMAGING AND DIAGNOSTICS,
BY REGION, 2021–2027 (USD MILLION) 115
TABLE 63 AI IN HEALTHCARE MARKET FOR MEDICAL IMAGING AND DIAGNOSTICS,
BY END USER, 2018–2020 (USD MILLION) 116
TABLE 64 AI IN HEALTHCARE MARKET FOR MEDICAL IMAGING AND DIAGNOSTICS,
BY END USER, 2021–2027 (USD MILLION) 116
8.5 LIFESTYLE MANAGEMENT & REMOTE PATIENT MONITORING 116
8.5.1 GROWTH IN AI-DRIVEN REMOTE PATIENT MONITORING SOLUTIONS SUCH AS MEDICAL WEARABLES HAS HELPED DOCTORS REDUCE BURDEN ON HOSPITALS DURING COVID-19 PANDEMIC 116
8.5.2 RECENT DEVELOPMENTS: 116
TABLE 65 AI IN HEALTHCARE MARKET FOR LIFESTYLE MANAGEMENT & MONITORING, BY REGION, 2018–2020 (USD MILLION) 117
TABLE 66 AI IN HEALTHCARE MARKET FOR LIFESTYLE MANAGEMENT & MONITORING, BY REGION, 2021–2027 (USD MILLION) 117
TABLE 67 AI IN HEALTHCARE MARKET FOR LIFESTYLE MANAGEMENT & MONITORING, BY END USER, 2018–2020 (USD MILLION) 117
TABLE 68 AI IN HEALTHCARE MARKET FOR LIFESTYLE MANAGEMENT & MONITORING, BY END USER, 2021–2027 (USD MILLION) 118
8.6 VIRTUAL ASSISTANTS 118
8.6.1 INCREASING NEED TO DISSEMINATE PRECISE MEDICAL INFORMATION AMONG VULNERABLE POPULATIONS HAS RESULTED IN GROWTH OF VIRTUAL ASSISTANTS 118
8.6.2 KEY DEVELOPMENTS: 118
8.6.3 CASE STUDY: GOVERNMENT OF INDIA 119
TABLE 69 AI IN HEALTHCARE MARKET FOR VIRTUAL ASSISTANT, BY REGION,
2018–2020 (USD MILLION) 119
TABLE 70 AI IN HEALTHCARE MARKET FOR VIRTUAL ASSISTANT, BY REGION,
2021–2027 (USD MILLION) 119
TABLE 71 AI IN HEALTHCARE MARKET FOR VIRTUAL ASSISTANT, BY END USER,
2018–2020 (USD MILLION) 119
TABLE 72 AI IN HEALTHCARE MARKET FOR VIRTUAL ASSISTANT, BY END USER,
2021–2027 (USD MILLION) 120
8.7 DRUG DISCOVERY 120
8.7.1 AI IS EXPECTED TO REDUCE TIME AND COST INVOLVED IN DRUG DISCOVERY 120
8.7.2 RECENT DEVELOPMENTS: 120
TABLE 73 AI IN HEALTHCARE MARKET FOR DRUG DISCOVERY, BY REGION,
2018–2020 (USD MILLION) 121
TABLE 74 AI IN HEALTHCARE MARKET FOR DRUG DISCOVERY, BY REGION,
2021–2027 (USD MILLION) 121
TABLE 75 AI IN HEALTHCARE MARKET FOR DRUG DISCOVERY, BY END USER,
2018–2020 (USD MILLION) 121
TABLE 76 AI IN HEALTHCARE MARKET FOR DRUG DISCOVERY, BY END USER,
2021–2027 (USD MILLION) 122
8.8 RESEARCH 122
8.8.1 USE OF AI ALGORITHMS BY BIOINFORMATICS RESEARCHERS FOR DATABASE CLASSIFICATION AND MINING DRIVES ADOPTION OF AI IN RESEARCH 122
8.8.2 USE CASES: NUMEDII, 4QUANT, AND DESKTOP GENETICS 122
TABLE 77 AI IN HEALTHCARE MARKET FOR RESEARCH, BY REGION,
2018–2020 (USD MILLION) 123
TABLE 78 AI IN HEALTHCARE MARKET FOR RESEARCH, BY REGION,
2021–2027 (USD MILLION) 123
TABLE 79 AI IN HEALTHCARE MARKET FOR RESEARCH, BY END USER,
2018–2020 (USD MILLION) 123
TABLE 80 AI IN HEALTHCARE MARKET FOR RESEARCH, BY END USER,
2021–2027 (USD MILLION) 123
8.9 HEALTHCARE ASSISTANCE ROBOTS 124
8.9.1 HEALTHCARE ASSISTANT ROBOTS HAVE SIGNIFICANTLY HELPED IN REDUCING NEED FOR ROUND THE CLOCK MANUAL NURSING CARE 124
8.9.2 USE CASES: MAYO CLINIC 124
TABLE 81 AI IN HEALTHCARE MARKET FOR HEALTHCARE ASSISTANCE ROBOTS,
BY REGION, 2018–2020 (USD MILLION) 124
TABLE 82 AI IN HEALTHCARE MARKET FOR HEALTHCARE ASSISTANCE ROBOTS,
BY REGION, 2021–2027 (USD MILLION) 124
TABLE 83 AI IN HEALTHCARE MARKET FOR HEALTHCARE ASSISTANCE ROBOTS,
BY END USER, 2018–2020 (USD MILLION) 125
TABLE 84 AI IN HEALTHCARE MARKET FOR HEALTHCARE ASSISTANCE ROBOTS,
BY END USER, 2021–2027 (USD MILLION) 125
8.10 PRECISION MEDICINE 125
8.10.1 AI IS EXPECTED TO FULFIL DEMAND FOR PERSONALIZED TREATMENT PLANS FOR PATIENTS ADMINISTERED WITH PRECISION MEDICINE 125
8.10.2 RECENT DEVELOPMENTS: 125
TABLE 85 AI IN HEALTHCARE MARKET FOR PRECISION MEDICINE, BY REGION,
2018–2020 (USD MILLION) 126
TABLE 86 AI IN HEALTHCARE MARKET FOR PRECISION MEDICINE, BY REGION,
2021–2027 (USD MILLION) 126
TABLE 87 AI IN HEALTHCARE MARKET FOR PRECISION MEDICINE, BY END USER, 2018–2020 (USD MILLION) 126
TABLE 88 AI IN HEALTHCARE MARKET FOR PRECISION MEDICINE, BY END USER, 2021–2027 (USD MILLION) 127
8.11 EMERGENCY ROOM & SURGERY 127
8.11.1 LIMITED AVAILABILITY OF SKILLED WORKFORCE IN EMERGENCY ROOMS
AND DEMAND TO SUPPORT CLINICIANS WITH SURGICAL DATA TO DRIVE ADOPTION OF AI IN EMERGENCY ROOM AND SURGERY 127
8.11.2 USE CASE: THE HOSPITAL FOR SICK CHILDREN (TORONTO, CANADA) 127
TABLE 89 AI IN HEALTHCARE MARKET FOR EMERGENCY ROOM & SURGERY, BY REGION, 2018–2020 (USD MILLION) 128
TABLE 90 AI IN HEALTHCARE MARKET FOR EMERGENCY ROOM & SURGERY,
BY REGION, 2021–2027 (USD MILLION) 128
TABLE 91 AI IN HEALTHCARE MARKET FOR EMERGENCY ROOM & SURGERY,
BY END USER, 2018–2020 (USD MILLION) 128
TABLE 92 AI IN HEALTHCARE MARKET FOR EMERGENCY ROOM & SURGERY,
BY END USER, 2021–2027 (USD MILLION) 128
8.12 WEARABLES 129
8.12.1 REAL-TIME PATIENT MONITORING AND GENERATION OF DATA OF VITAL SIGNS DIAGNOSTICS TO BOOST DEMAND FOR AI IN WEARABLES 129
8.12.2 USE CASE: KENSCI AND MICROSOFT 129
TABLE 93 AI IN HEALTHCARE MARKET FOR WEARABLES, BY REGION,
2018–2020 (USD MILLION) 129
TABLE 94 AI IN HEALTHCARE MARKET FOR WEARABLES, BY REGION,
2021–2027 (USD MILLION) 129
TABLE 95 AI IN HEALTHCARE MARKET FOR WEARABLES, BY END USER,
2018–2020 (USD MILLION) 130
TABLE 96 AI IN HEALTHCARE MARKET FOR WEARABLES, BY END USER,
2021–2027 (USD MILLION) 130
8.13 MENTAL HEALTH 130
8.13.1 USE OF AI IN DIAGNOSING MENTAL DISTRESS AND NEUROLOGICAL ABNORMALITIES HAS LED TO GROWING ADOPTION OF AI IN MENTAL HEALTH 130
8.13.2 USE CASE: COGNOA 130
TABLE 97 AI IN HEALTHCARE MARKET FOR MENTAL HEALTH, BY REGION,
2018–2020 (USD MILLION) 131
TABLE 98 AI IN HEALTHCARE MARKET FOR MENTAL HEALTH, BY REGION,
2021–2027 (USD MILLION) 131
TABLE 99 AI IN HEALTHCARE MARKET FOR MENTAL HEALTH, BY END USER,
2018–2020 (USD MILLION) 131
TABLE 100 AI IN HEALTHCARE MARKET FOR MENTAL HEALTH, BY END USER,
2021–2027 (USD MILLION) 131
8.14 CYBERSECURITY 132
8.14.1 AI IN HEALTHCARE CYBERSECURITY IS BECOMING CRITICAL FOR PROTECTING ONSITE SYSTEMS 132
TABLE 101 AI IN HEALTHCARE MARKET FOR CYBERSECURITY, BY REGION,
2018–2020 (USD MILLION) 132
TABLE 102 AI IN HEALTHCARE MARKET FOR CYBERSECURITY, BY REGION,
2021–2027 (USD MILLION) 133
TABLE 103 AI IN HEALTHCARE MARKET FOR CYBERSECURITY, BY END USER,
2018–2020 (USD MILLION) 133
TABLE 104 AI IN HEALTHCARE MARKET FOR CYBERSECURITY, BY END USER,
2021–2027 (USD MILLION) 133
9 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY END USER 134
9.1 INTRODUCTION 135
FIGURE 30 AI IN HEALTHCARE MARKET, BY END USER 135
FIGURE 31 HOSPITALS & HEALTHCARE PROVIDERS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 136
TABLE 105 AI IN HEALTHCARE MARKET, BY END USER, 2018–2020 (USD MILLION) 136
TABLE 106 AI IN HEALTHCARE MARKET, BY END USER, 2021–2027 (USD MILLION) 136
9.2 HOSPITALS AND HEALTHCARE PROVIDERS 137
9.2.1 AI CAN BE UTILIZED TO PREDICT AND PREVENT READMISSIONS
AND IMPROVE OPERATIONS OF HOSPITALS AND CARE PROVIDERS 137
9.2.2 RECENT DEVELOPMENTS: 137
TABLE 107 AI IN HEALTHCARE MARKET FOR HOSPITALS AND HEALTHCARE PROVIDERS, BY APPLICATION, 2018–2020 (USD MILLION) 138
TABLE 108 AI IN HEALTHCARE MARKET FOR HOSPITALS AND HEALTHCARE PROVIDERS, BY APPLICATION, 2021–2027 (USD MILLION) 138
TABLE 109 AI IN HEALTHCARE MARKET FOR HOSPITALS AND HEALTHCARE PROVIDERS, BY REGION, 2018–2020 (USD MILLION) 139
TABLE 110 AI IN HEALTHCARE MARKET FOR HOSPITALS AND HEALTHCARE PROVIDERS, BY REGION, 2021–2027 (USD MILLION) 139
9.3 PATIENTS 139
9.3.1 INCREASING POPULARITY OF SMARTPHONE APPLICATIONS AND WEARABLES TO DRIVE ADOPTION OF AI AMONG PATIENTS 139
9.3.2 USE CASE: KENSCI AND MICROSOFT 140
9.3.3 USE CASE: BIOBEAT 140
TABLE 111 AI IN HEALTHCARE MARKET FOR PATIENTS, BY APPLICATION,
2018–2020 (USD MILLION) 140
TABLE 112 AI IN HEALTHCARE MARKET FOR PATIENTS, BY APPLICATION,
2021–2027 (USD MILLION) 140
TABLE 113 AI IN HEALTHCARE MARKET FOR PATIENTS, BY REGION,
2018–2020 (USD MILLION) 141
TABLE 114 AI IN HEALTHCARE MARKET FOR PATIENTS, BY REGION,
2021–2027 (USD MILLION) 141
9.4 PHARMACEUTICALS & BIOTECHNOLOGY COMPANIES 141
9.4.1 APPLICATIONS SUCH AS DRUG DISCOVERY, PRECISION MEDICINE,
AND RESEARCH ARE EXPECTED TO DRIVE USE OF AI BY PHARMACEUTICALS AND BIOTECHNOLOGY COMPANIES 141
9.4.2 RECENT DEVELOPMENTS: 142
TABLE 115 AI IN HEALTHCARE MARKET FOR PHARMACEUTICALS & BIOTECHNOLOGY COMPANIES, BY APPLICATION, 2018–2020 (USD MILLION) 142
TABLE 116 AI IN HEALTHCARE MARKET FOR PHARMACEUTICALS & BIOTECHNOLOGY COMPANIES, BY APPLICATION, 2021–2027 (USD MILLION) 143
TABLE 117 AI IN HEALTHCARE MARKET FOR PHARMACEUTICALS & BIOTECHNOLOGY COMPANIES, BY REGION, 2018–2020 (USD MILLION) 143
TABLE 118 AI IN HEALTHCARE MARKET FOR PHARMACEUTICALS & BIOTECHNOLOGY COMPANIES, BY REGION, 2021–2027 (USD MILLION) 143
9.5 HEALTHCARE PAYERS 144
9.5.1 HEALTHCARE PAYERS USE AI TOOLS MAINLY FOR MANAGING RISKS, IDENTIFYING CLAIM TRENDS, AND MAXIMIZING PAYMENT ACCURACY 144
9.5.2 RECENT DEVELOPMENTS: 144
TABLE 119 AI IN HEALTHCARE MARKET FOR HEALTHCARE PAYERS, BY APPLICATION, 2018–2020 (USD MILLION) 145
TABLE 120 AI IN HEALTHCARE MARKET FOR HEALTHCARE PAYERS, BY APPLICATION, 2021–2027 (USD MILLION) 145
TABLE 121 AI IN HEALTHCARE MARKET FOR HEALTHCARE PAYERS, BY REGION,
2018–2020 (USD MILLION) 145
TABLE 122 AI IN HEALTHCARE MARKET FOR HEALTHCARE PAYERS, BY REGION,
2021–2027 (USD MILLION) 145
9.6 OTHERS 146
TABLE 123 AI IN HEALTHCARE MARKET FOR OTHERS, BY APPLICATION,
2018–2020 (USD MILLION) 146
TABLE 124 AI IN HEALTHCARE MARKET FOR OTHERS, BY APPLICATION,
2021–2027 (USD MILLION) 147
TABLE 125 AI IN HEALTHCARE MARKET FOR OTHERS, BY REGION,
2018–2020 (USD MILLION) 147
TABLE 126 AI IN HEALTHCARE MARKET FOR OTHERS, BY REGION,
2021–2027 (USD MILLION) 147
10 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, GEOGRAPHIC ANALYSIS 148
10.1 INTRODUCTION 149
FIGURE 32 CHINA AND US ARE EMERGING AS NEW HOTSPOTS FOR AI IN HEALTHCARE MARKET 149
FIGURE 33 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 150
TABLE 127 AI IN HEALTHCARE MARKET, BY REGION, 2018–2020 (USD MILLION) 150
TABLE 128 AI IN HEALTHCARE MARKET, BY REGION, 2021–2027 (USD MILLION) 150
 
10.2 NORTH AMERICA 151
FIGURE 34 NORTH AMERICA: SNAPSHOT OF AI IN HEALTHCARE MARKET 151
TABLE 129 AI IN HEALTHCARE MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2020 (USD MILLION) 152
TABLE 130 AI IN HEALTHCARE MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2027 (USD MILLION) 152
TABLE 131 AI IN HEALTHCARE MARKET IN NORTH AMERICA, BY APPLICATION,
2018–2020 (USD MILLION) 152
TABLE 132 AI IN HEALTHCARE MARKET IN NORTH AMERICA, BY APPLICATION,
2021–2027 (USD MILLION) 153
10.2.1 US 153
10.2.1.1 High healthcare spending combined with increasing demand for AI in medical sector due to COVID-19 pandemic to complement growth of AI market in US 153
10.2.1.2 Recent developments: 154
10.2.2 CANADA 154
10.2.2.1 Continuous research on NLP and ML across research institutions
and universities in Canada to propel AI in healthcare market 154
10.2.2.2 Recent developments: 155
10.2.3 MEXICO 155
10.2.3.1 AI-enabled devices for healthcare sector have been gaining traction in Mexico 155
10.2.3.2 Recent developments: 155
10.3 EUROPE 156
FIGURE 35 EUROPE: SNAPSHOT OF AI IN HEALTHCARE MARKET 157
TABLE 133 AI IN HEALTHCARE MARKET IN EUROPE, BY COUNTRY,
2018–2020 (USD MILLION) 158
TABLE 134 AI IN HEALTHCARE MARKET IN EUROPE, BY COUNTRY,
2021–2027 (USD MILLION) 158
TABLE 135 AI IN HEALTHCARE MARKET IN EUROPE, BY APPLICATION,
2018–2020 (USD MILLION) 159
TABLE 136 AI IN HEALTHCARE MARKET IN EUROPE, BY APPLICATION,
2021–2027 (USD MILLION) 159
10.3.1 GERMANY 160
10.3.1.1 Government initiatives to expedite AI development supporting AI in healthcare market growth in Germany 160
10.3.1.2 Recent developments: 160
10.3.2 UK 160
10.3.2.1 Adoption of AI in drug discovery space is fueling growth of AI in healthcare market in UK 160
10.3.2.2 Recent developments: 161
10.3.3 FRANCE 161
10.3.3.1 Government endeavors to develop healthcare IT in France is likely to support AI in healthcare market 161
10.3.3.2 Recent developments: 161
 
10.3.4 ITALY 162
10.3.4.1 Development of electronic health records and aging population are driving market growth in Italy 162
10.3.4.2 Recent developments: 162
10.3.5 SPAIN 163
10.3.5.1 Growing awareness of AI in Spain is favoring AI in healthcare market growth 163
10.3.5.2 Recent developments: 163
10.3.6 REST OF EUROPE 163
10.4 APAC 164
FIGURE 36 APAC: SNAPSHOT OF AI IN HEALTHCARE MARKET 165
TABLE 137 AI IN HEALTHCARE MARKET IN APAC, BY COUNTRY,
2018–2020 (USD MILLION) 166
TABLE 138 AI IN HEALTHCARE MARKET IN APAC, BY COUNTRY,
2021–2027 (USD MILLION) 166
TABLE 139 AI IN HEALTHCARE MARKET IN APAC, BY APPLICATION,
2018–2020 (USD MILLION) 167
TABLE 140 AI IN HEALTHCARE MARKET IN APAC, BY APPLICATION,
2021–2027 (USD MILLION) 167
10.4.1 CHINA 168
10.4.1.1 Concrete government measures to accelerate AI development are fueling AI in healthcare market growth in China 168
10.4.1.2 Recent developments: 168
10.4.2 JAPAN 169
10.4.2.1 AI applications to expedite drug discovery is motivating growth of
AI in healthcare market in Japan 169
10.4.3 SOUTH KOREA 169
10.4.3.1 Quality healthcare services and rapid expansion of medical insurance coverage are motivating growth of AI in healthcare market in South Korea 169
10.4.3.2 Recent developments: 170
10.4.4 INDIA 170
10.4.4.1 Developing IT infrastructure and AI-friendly government initiatives supporting growth of AI in healthcare market in India 170
10.4.4.2 Recent developments: 171
10.4.5 REST OF ASIA PACIFIC 171
10.4.5.1 Recent developments: 171
10.5 ROW 171
FIGURE 37 ROW: SNAPSHOT OF AI IN HEALTHCARE MARKET 172
TABLE 141 AI IN HEALTHCARE MARKET IN ROW, BY REGION, 2018–2020 (USD MILLION) 172
TABLE 142 AI IN HEALTHCARE MARKET IN ROW, BY REGION, 2021–2027 (USD MILLION) 172
TABLE 143 AI IN HEALTHCARE MARKET IN ROW, BY APPLICATION,
2018–2020 (USD MILLION) 173
TABLE 144 AI IN HEALTHCARE MARKET IN ROW, BY APPLICATION,
2021–2027 (USD MILLION) 173
 
10.5.1 SOUTH AMERICA 174
10.5.1.1 Heavy investments in healthcare IT are driving growth of market in South America 174
10.5.2 MIDDLE EAST AND AFRICA 174
10.5.2.1 Growing healthcare expenditure in Middle East and North Africa is fostering growth of AI in healthcare market 174
10.5.2.2 Recent developments: 175
11 COMPETITIVE LANDSCAPE 176
11.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 176
11.2 OVERVIEW 176
11.3 TOP 5 COMPANY REVENUE ANALYSIS 177
FIGURE 38 3 YEARS REVENUE ANALYSIS OF TOP 5 PLAYERS IN AI IN HEALTHCARE MARKET 177
11.4 MARKET SHARE ANALYSIS (2020) 177
TABLE 145 AI IN HEALTHCARE MARKET: MARKET SHARE ANALYSIS 178
11.5 COMPANY EVALUATION QUADRANT, 2020 179
11.5.1 STAR 179
11.5.2 PERVASIVE 179
11.5.3 EMERGING LEADER 179
11.5.4 PARTICIPANT 179
FIGURE 39 AI IN HEALTHCARE MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020 180
11.6 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2020 180
11.6.1 PROGRESSIVE COMPANY 180
11.6.2 RESPONSIVE COMPANY 180
11.6.3 DYNAMIC COMPANY 181
11.6.4 STARTING BLOCK 181
FIGURE 40 AI IN HEALTHCARE MARKET (GLOBAL), SME EVALUATION QUADRANT, 2020 181
TABLE 146 AI IN HEALTHCARE MARKET: COMPANY FOOTPRINT 182
TABLE 147 COMPANY END USER FOOTPRINT 183
TABLE 148 COMPANY APPLICATION FOOTPRINT 184
TABLE 149 COMPANY REGION FOOTPRINT 185
11.7 COMPETITIVE SCENARIO 187
TABLE 150 AI IN HEALTHCARE MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, MARCH 2019 TO OCTOBER 2021 187
TABLE 151 AI IN HEALTHCARE MARKET: DEALS, MARCH 2019−OCTOBER 2021 188
 
12 COMPANY PROFILES 189
(Business overview, Products/solutions/services offered, Recent developments & MnM View)*
12.1 KEY PLAYERS 189
12.1.1 INTEL 189
TABLE 152 INTEL: BUSINESS OVERVIEW 189
FIGURE 41 INTEL: COMPANY SNAPSHOT 190
12.1.2 KONINKLIJKE PHILIPS 194
TABLE 153 KONINKLIJKE PHILIPS: BUSINESS OVERVIEW 194
FIGURE 42 KONINKLIJKE PHILIPS: COMPANY SNAPSHOT 195
12.1.3 MICROSOFT 199
TABLE 154 MICROSOFT: BUSINESS OVERVIEW 199
FIGURE 43 MICROSOFT: COMPANY SNAPSHOT 200
12.1.4 IBM 204
TABLE 155 IBM: BUSINESS OVERVIEW 204
FIGURE 44 IBM: COMPANY SNAPSHOT 205
12.1.5 SIEMENS HEALTHINEERS 208
TABLE 156 SIEMENS HEALTHINEERS: BUSINESS OVERVIEW 208
FIGURE 45 SIEMENS HEALTHINEERS: COMPANY SNAPSHOT 209
12.1.6 NVIDIA 212
TABLE 157 NVIDIA: BUSINESS OVERVIEW 212
FIGURE 46 NVIDIA: COMPANY SNAPSHOT 213
12.1.7 GOOGLE 216
TABLE 158 GOOGLE: BUSINESS OVERVIEW 216
FIGURE 47 GOOGLE: COMPANY SNAPSHOT 217
12.1.8 GENERAL ELECTRIC (GE) COMPANY 219
TABLE 159 GENERAL ELECTRIC: BUSINESS OVERVIEW 219
FIGURE 48 GENERAL ELECTRIC: COMPANY SNAPSHOT 220
12.1.9 MEDTRONIC 222
TABLE 160 MEDTRONIC: BUSINESS OVERVIEW 222
FIGURE 49 MEDTRONIC: COMPANY SNAPSHOT 223
12.1.10 MICRON TECHNOLOGY 225
TABLE 161 MICRON TECHNOLOGY: BUSINESS OVERVIEW 225
FIGURE 50 MICRON TECHNOLOGY: COMPANY SNAPSHOT 226
12.1.11 AMAZON WEB SERVICES (AWS) 228
TABLE 162 AMAZON WEB SERVICES (AWS): BUSINESS OVERVIEW 228
FIGURE 51 AMAZON WEB SERVICES: COMPANY SNAPSHOT 228
12.1.12 JOHNSON & JOHNSON 231
TABLE 163 JOHNSON & JOHNSON: BUSINESS OVERVIEW 231
FIGURE 52 JOHNSON & JOHNSON: COMPANY SNAPSHOT 232
*Details on Business overview, Products/solutions/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
12.2 STARTUP ECOSYSTEM 233
12.2.1 GENERAL VISION 233
12.2.2 CLOUDMEDX 234
12.2.3 ONCORA MEDICAL 234
12.2.4 ENLITIC 235
12.2.5 LUNIT 235
12.2.6 QURE.AI 236
12.2.7 PRECISION HEALTH AI 236
12.2.8 COTA 237
12.2.9 FDNA 237
12.2.10 RECURSION PHARMACEUTICALS 238
12.2.11 ATOMWISE 238
12.2.12 WELLTOK 239
12.2.13 BABYLON HEALTH 239
12.2.14 MDLIVE (EVERNORTH GROUP) 240
12.2.15 GAUSS SURGICAL 240
12.2.16 QVENTUS 241
12.2.17 DESKTOP GENETICS 241
12.2.18 CYLANCE 242
12.2.19 GINGER.IO 242
12.2.20 PILLO 243

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