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Access Control Market with COVID-19 Impact by Offering (Card-based Readers, Biometric Readers, Electronic Locks, Controllers, Software, Services), ACa...

Publisher:        MarketsandMarkets

# of Pages:        232

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1 User License $4,950

Publication Date:  November, 2021

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1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION AND SCOPE 29
1.2.1 INCLUSIONS AND EXCLUSIONS 30
1.3 STUDY SCOPE 31
FIGURE 1 ACCESS CONTROL MARKET: SEGMENTATION 31
1.3.1 GEOGRAPHIC SCOPE 31
1.3.2 YEARS CONSIDERED 32
1.4 CURRENCY 32
1.5 VOLUME UNIT CONSIDERED 32
1.6 LIMITATIONS 32
1.7 STAKEHOLDERS 33
1.8 SUMMARY OF CHANGES 33
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 ACCESS CONTROL MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Major secondary sources 36
2.1.1.2 Secondary sources 36
2.1.2 PRIMARY DATA 37
2.1.2.1 Primary interviews with experts 37
2.1.2.2 Key data from primary sources 38
2.1.2.3 Key industry insights 39
2.1.2.4 Breakdown of primaries 40
2.1.3 SECONDARY AND PRIMARY RESEARCH 41
2.2 MARKET SIZE ESTIMATION 41
FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION 42
2.2.1 BOTTOM-UP APPROACH 42
2.2.1.1 Estimating market size by bottom-up approach (demand side) 42
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43
2.2.2 TOP-DOWN APPROACH 43
2.2.2.1 Estimating market size by top-down approach (supply side) 43
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 44
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM ACCESS CONTROL SOLUTIONS AND SERVICES 44
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY 45
2.2.3 MARKET PROJECTIONS 45
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 46
FIGURE 8 DATA TRIANGULATION 46
2.4 RESEARCH ASSUMPTIONS 47
FIGURE 9 ASSUMPTION FOR RESEARCH STUDY 47
2.5 RISK ASSESSMENT 48
TABLE 1 LIMITATIONS & ASSOCIATED RISKS 48
3 EXECUTIVE SUMMARY 49
FIGURE 10 ACCESS CONTROL MARKET: GROWTH PROJECTIONS FOR REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 50
3.1 REALISTIC SCENARIO 50
3.2 OPTIMISTIC SCENARIO 50
3.3 PESSIMISTIC SCENARIO 51
FIGURE 11 CARD-BASED READERS SEGMENT TO HOLD LARGEST MARKET SHARE AMONG ALL HARDWARE COMPONENTS DURING FORECAST PERIOD 51
FIGURE 12 ACCESS CONTROL AS A SERVICE MARKET, BY TYPE, 2021 VS. 2026 52
FIGURE 13 ACCESS CONTROL MARKET FOR RESIDENTIAL TO REGISTER HIGHEST CAGR FROM 2021 TO 2026 52
FIGURE 14 ACCESS CONTROL MARKET IN APAC TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES IN ACCESS CONTROL MARKET 54
FIGURE 15 GROWING NEED FOR ACCESS CONTROL SOLUTIONS FOR SECURING ASSETS AND PERSONNEL TO BOOST GROWTH OF ACCESS CONTROL MARKET 54
4.2 ACCESS CONTROL MARKET, BY OFFERING 54
FIGURE 16 SOFTWARE COMPONENT TO REGISTER HIGHEST CAGR FROM 2021 TO 2026 54
4.3 ACCESS CONTROL MARKET, BY HARDWARE COMPONENT 55
FIGURE 17 CARD-BASED READERS TO HOLD LARGEST SHARE OF ACCESS CONTROL MARKET, BY HARDWARE COMPONENT, IN 2026 55
4.4 ACCESS CONTROL MARKET IN NORTH AMERICA, BY VERTICAL AND COUNTRY 55
FIGURE 18 COMMERCIAL SEGMENT AND US HELD LARGEST MARKET SHARE OF NORTH AMERICA ACCESS CONTROL MARKET IN 2020 55
4.5 ACCESS CONTROL MARKET, BY COUNTRY 56
FIGURE 19 ACCESS CONTROL MARKET TO REGISTER HIGHEST CAGR IN CHINA 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 58
FIGURE 20 IMPACT OF DRIVERS AND OPPORTUNITIES ON ACCESS CONTROL MARKET 58
FIGURE 21 IMPACT OF CHALLENGES AND RESTRAINTS ON ACCESS CONTROL MARKET 59
5.2.1 DRIVERS 59
5.2.1.1 Increasing number of terrorist attacks and organized crimes globally 59
TABLE 2 TOP 10 COUNTRIES WITH HIGHEST NUMBER OF TERROR ATTACKS AND FATALITIES, 2018 59
5.2.1.2 Growing awareness concerning home security systems 60
5.2.1.3 Ongoing technological advancements and increasing deployment of wireless security systems 61
5.2.1.4 Rising adoption of IoT-based security systems with cloud computing platforms 61
5.2.2 RESTRAINTS 61
5.2.2.1 High installation, maintenance, and ownership costs of access control systems 61
5.2.2.2 Security and privacy concerns related to unauthorized access and data breach in access control environment 62
5.2.3 OPPORTUNITIES 62
5.2.3.1 Continued adoption of Access Control as a Service (ACaaS) 62
5.2.3.2 Growing implementation of mobile-based access control 63
5.2.3.3 Rapid urbanization in emerging countries 63
5.2.3.4 Global proliferation of smart city initiatives 63
5.2.4 CHALLENGES 64
5.2.4.1 Less awareness among users about availability and benefits of advanced security solutions 64
5.3 VALUE CHAIN ANALYSIS 64
FIGURE 22 VALUE CHAIN ANALYSIS: MOST VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS 65
5.4 PORTER’S FIVE FORCES ANALYSIS 66
TABLE 3 IMPACT OF EACH FORCE ON ACCESS CONTROL MARKET 66
5.5 AVERAGE SELLING PRICE ANALYSIS 67
TABLE 4 AVERAGE SELING PRICE OF CARD-BASED READERS, 2020 67
TABLE 5 AVERAGE SELING PRICE OF BIOMETRIC READERS, 2020 67
TABLE 6 AVERAGE SELING PRICE OF ELECTRONIC LOCKS, 2020 68
5.6 TRADE ANALYSIS 68
5.6.1 IMPORT SCENARIO OF MAGNETIC OR OPTICAL READERS 68
TABLE 7 IMPORT DATA OF HS CODE 847190, BY COUNTRY,
2016–2020 (USD MILLION) 68
5.6.2 EXPORT SCENARIO OF MAGNETIC OR OPTICAL READERS 69
TABLE 8 EXPORT DATA OF HS CODE 847190, BY COUNTRY,
2016–2020 (USD MILLION) 69
5.7 REVENUE SHIFT & NEW REVENUE POCKETS FOR ACCESS CONTROL MARKET 70
FIGURE 23 REVENUE SHIFT IN ACCESS CONTROL MARKET 70
5.8 ACCESS CONTROL ECOSYSTEM 71
FIGURE 24 ACCCESS CONTROL ECOSYSTEM 71
5.9 CASE STUDY ANALYSIS 72
5.9.1 SHIRLEY BOYS’ HIGH SCHOOL AND AVONSIDE GIRLS’ HIGH SCHOOL DEPLOYED GALLAGHER’S SECURITY SOLUTION TO SECURE SAFETY OF STUDENTS 72
5.9.2 GALLAGHER PROVIDED COMPREHENSIVE SECURITY AND SURVEILLANCE TO RESORT WORLD CASINO 72
5.10 PATENT ANALYSIS 72
5.10.1 PATENT REGISTRATIONS, 2018–2021 72
TABLE 9 A FEW PATENT REGISTRATIONS, 2018–2021 72
5.10.2 ACCESS CONTROL: PATENT ANALYSIS 73
5.10.2.1 Methodology 73
5.10.2.2 Document type 73
FIGURE 25 PATENTS FILED BETWEEN 2018 AND 2021 73
FIGURE 26 GRANTED PATENT TRENDS, 2018–2021 73
5.10.2.3 Johnson controls 74
TABLE 10 LIST OF PATENTS BY JOHNSON CONTROLS (GERMANY) 74
5.11 TECHNOLOGY TRENDS 74
5.11.1 COMPREHENSIVE AND PROACTIVE SECURITY SYSTEMS 74
5.11.2 THERMAL IMAGING CAMERAS (THERMAL CAMERA-BASED ACCESS CONTROL) 75
5.11.3 FACIAL RECOGNITION CAMERA TECHNOLOGY (FACE RECOGNITION CAMERAS) 75
5.11.4 MAJOR FUTURE TRENDS 75
5.11.5 VIDEO ANALYTICS CAMERAS 75
5.11.6 CLOUD-BASED CAMERAS IN ACCESS CONTROL SYSTEMS 76
5.11.7 CAMERAS IN LOGICAL ACCESS CONTROL 76
5.11.8 INTEGRATION OF INTERNET OF THINGS 76
5.11.9 EMERGENCE OF CONTACTLESS BIOMETRICS 76
5.12 GOVERNMENT REGULATIONS AND STANDARDS 77
5.12.1 GOVERNMENT REGULATIONS 77
5.12.2 STANDARDS 77
5.12.2.1 ASTM D8217-20 - Standard Guide for Access Control System 77
5.12.2.2 RTCA DO-230 Standards for Airport Security Access Control Systems 77
5.12.2.3 DS/EN IEC 60839-11-5 Alarm and Electronic Security Systems 78
6 TYPES OF ACCESS CONTROL SYSTEMS 79
6.1 INTRODUCTION 79
6.2 PHYSICAL ACCESS CONTROL SYSTEMS 79
6.3 LOGICAL ACCESS CONTROL SYSTEMS 79
6.4 MOBILE ACCESS CONTROL SYSTEMS 80
7 ACCESS CONTROL MODELS 81
7.1 INTRODUCTION 81
7.2 DISCRETIONARY ACCESS CONTROL (DAC) 81
7.3 MANDATORY ACCESS CONTROL (MAC) 81
7.4 ROLE-BASED ACCESS CONTROL (RBAC) 81
7.5 RULE-BASED ACCESS CONTROL 82
7.6 ATTRIBUTE-BASED ACCESS CONTROL 82
7.7 RISK-ADAPTIVE ACCESS CONTROL 82
7.8 IDENTITY-BASED ACCESS CONTROL 82
8 ACCESS CONTROL MARKET, BY OFFERING 83
8.1 INTRODUCTION 84
FIGURE 27 ACCESS CONTROL SOFTWARE MARKET EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 84
TABLE 11 ACCESS CONTROL MARKET, BY OFFERING, 2018–2020 (USD BILLION) 84
TABLE 12 ACCESS CONTROL MARKET, BY OFFERING, 2021–2026 (USD BILLION) 85
8.2 HARDWARE 85
TABLE 13 ACCESS CONTROL MARKET FOR HARDWARE, BY TYPE,
2018–2020 (USD MILLION) 85
TABLE 14 ACCESS CONTROL MARKET FOR HARDWARE, BY TYPE,
2021–2026 (USD MILLION) 86
TABLE 15 ACCESS CONTROL MARKET FOR HARDWARE, BY REGION,
2018–2020 (USD MILLION) 86
TABLE 16 ACCESS CONTROL MARKET FOR HARDWARE, BY REGION,
2021–2026 (USD MILLION) 86
FIGURE 28 CARD-BASED READERS EXPECTED TO LEAD ACCESS CONTROL MARKET FOR HARDWARE DURING FORECAST PERIOD 87
8.2.1 CARD-BASED READERS 87
8.2.1.1 Need for card-based readers for identification in organizations to boost market growth during forecast period 87
TABLE 17 ACCESS CONTROL MARKET FOR CARD-BASED READERS, BY TYPE,
2018–2020 (USD MILLION) 87
TABLE 18 ACCESS CONTROL MARKET FOR CARD-BASED READERS, BY TYPE,
2021–2026 (USD MILLION) 88
TABLE 19 ACCESS CONTROL MARKET FOR CARD-BASED READERS, BY TYPE,
2018–2020 (THOUSAND UNITS) 88
TABLE 20 ACCESS CONTROL MARKET FOR CARD-BASED READERS, BY TYPE,
2021–2026 (THOUSAND UNITS) 88
TABLE 21 ACCESS CONTROL MARKET FOR CARD-BASED READERS, BY REGION,
2018–2020 (USD MILLION) 89
TABLE 22 ACCESS CONTROL MARKET FOR CARD-BASED READERS, BY REGION,
2021–2026 (USD MILLION) 89
8.2.1.2 Magnetic stripe readers 89
8.2.1.3 Proximity card readers 89
8.2.1.4 Smart card readers 89
TABLE 23 ACCESS CONTROL MARKET FOR SMART CARD READERS, BY TYPE,
2018–2020 (USD MILLION) 90
TABLE 24 ACCESS CONTROL MARKET FOR SMART CARD READERS, BY TYPE,
2021–2026 (USD MILLION) 90
8.2.1.4.1 Contact smart cards 90
8.2.1.4.2 Contactless 90
8.2.2 BIOMETRIC READERS 91
8.2.2.1 Increasing demand for biometrics readers for authentication to propel market for biometrics technologies 91
FIGURE 29 FINGERPRINT RECOGNITION SEGMENT EXPECTED TO CAPTURE LARGEST MARKET SIZE DURING FORECAST PERIOD 91
TABLE 25 ACCESS CONTROL MARKET FOR BIOMETRIC READERS, BY TYPE,
2018–2020 (USD MILLION) 92
TABLE 26 ACCESS CONTROL MARKET FOR BIOMETRIC READERS, BY TYPE,
2021–2026 (USD MILLION) 92
TABLE 27 ACCESS CONTROL MARKET FOR BIOMETRIC READERS, BY TYPE,
2018–2020 (THOUSAND UNITS) 93
TABLE 28 ACCESS CONTROL MARKET FOR BIOMETRIC READERS, BY TYPE,
2021–2026 (THOUSAND UNITS) 93
TABLE 29 ACCESS CONTROL MARKET FOR BIOMETRIC READERS, BY REGION,
2018–2020 (USD MILLION) 93
TABLE 30 ACCESS CONTROL MARKET FOR BIOMETRIC READERS, BY REGION,
2021–2026 (USD MILLION) 94
8.2.2.2 Fingerprint recognition 94
8.2.2.3 Palm recognition 94
8.2.2.4 Iris recognition 95
8.2.2.5 Facial recognition 95
8.2.2.6 Voice recognition 95
8.2.3 MULTI-TECHNOLOGY READERS 96
8.2.3.1 Intensifying demand for multi-factor authentication boosts demand for multi-technology readers 96
TABLE 31 ACCESS CONTROL MARKET FOR MULTI-TECHNOLOGY READERS, BY REGION, 2018–2020 (USD MILLION) 96
TABLE 32 ACCESS CONTROL MARKET FOR MULTI-TECHNOLOGY READERS, BY REGION, 2021–2026 (USD MILLION) 96
8.2.4 ELECTRONIC LOCKS 96
8.2.4.1 Growing adoption of mobile connectivity with locks for high security boosts smart lock market 96
FIGURE 30 ACCESS CONTROL MARKET FOR SMART LOCKS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 97
TABLE 33 ACCESS CONTROL MARKET FOR ELECTRONIC LOCKS, BY TYPE,
2018–2020 (USD MILLION) 97
TABLE 34 ACCESS CONTROL MARKET FOR ELECTRONIC LOCKS, BY TYPE,
2021–2026 (USD MILLION) 97
TABLE 35 ACCESS CONTROL MARKET FOR ELECTRONIC LOCKS, BY TYPE,
2018–2020 (THOUSAND UNITS) 98
TABLE 36 ACCESS CONTROL MARKET FOR ELECTRONIC LOCKS, BY TYPE,
2021–2026 (THOUSAND UNITS) 98
TABLE 37 ACCESS CONTROL MARKET FOR ELECTRONIC LOCKS, BY REGION,
2018–2020 (USD MILLION) 98
TABLE 38 ACCESS CONTROL MARKET FOR ELECTRONIC LOCKS, BY REGION,
2021–2026 (USD MILLION) 98
8.2.4.2 Electromagnetic locks 99
8.2.4.3 Electric strike locks 99
8.2.4.4 Smart locks 99
8.2.5 CONTROLLERS 99
TABLE 39 ACCESS CONTROL MARKET FOR CONTROLLERS, BY TYPE,
2018–2020 (USD MILLION) 99
TABLE 40 ACCESS CONTROL MARKET FOR CONTROLLERS, BY TYPE,
2021–2026 (USD MILLION) 100
TABLE 41 ACCESS CONTROL MARKET FOR CONTROLLERS, BY REGION,
2018–2020 (USD MILLION) 100
TABLE 42 ACCESS CONTROL MARKET FOR CONTROLLERS, BY REGION,
2021–2026 (USD MILLION) 100
8.2.5.1 Serial access controllers 100
8.2.5.2 IP access controllers 101
8.2.6 OTHERS 101
TABLE 43 ACCESS CONTROL MARKET FOR OTHER HARDWARE COMPONENTS,
BY REGION, 2018–2020 (USD MILLION) 101
TABLE 44 ACCESS CONTROL MARKET FOR OTHER HARDWARE COMPONENTS,
BY REGION, 2021–2026 (USD MILLION) 101
8.3 SOFTWARE 102
8.3.1 IMPLEMENTATION OF DATA ANALYTICS FOR IDENTITY MANAGEMENT TP PROPEL GROWTH OF ACCESS CONTROL SOFTWARE MARKET 102
TABLE 45 ACCESS CONTROL MARKET FOR SOFTWARE, BY TYPE,
2018–2020 (USD MILLION) 102
TABLE 46 ACCESS CONTROL MARKET FOR SOFTWARE, BY TYPE,
2021–2026 (USD MILLION) 102
TABLE 47 ACCESS CONTROL MARKET FOR SOFTWARE, BY REGION,
2018–2020 (USD MILLION) 103
TABLE 48 ACCESS CONTROL MARKET FOR OTHER SOFTWARE, BY REGION,
2021–2026 (USD MILLION) 103
8.3.2 VISITOR MANAGEMENT SYSTEMS 103
8.3.3 DATABASE AND SOFTWARE TOOLS 103
8.4 SERVICES 104
8.4.1 GROWING IMPLEMENTATION OF SECURITY SOLUTIONS TO BOOST DEMAND FOR INSTALLATION AND INTEGRATION SERVICES 104
FIGURE 31 SUPPORT AND MAINTENANCE SERVICES SEGMENT EXPECTED TO GROW AT HIGHER RATE DURING FORECAST PEERIOD 104
TABLE 49 ACCESS CONTROL MARKET FOR SERVICES, BY TYPE,
2018–2020 (USD MILLION) 104
TABLE 50 ACCESS CONTROL MARKET FOR SERVICES, BY TYPE,
2021–2026 (USD MILLION) 105
TABLE 51 ACCESS CONTROL MARKET FOR SERVICES, BY REGION,
2018–2020 (USD MILLION) 105
TABLE 52 ACCESS CONTROL MARKET FOR SERVICES, BY REGION,
2021–2026 (USD MILLION) 105
8.4.2 INSTALLATION & INTEGRATION 105
TABLE 53 ACCESS CONTROL MARKET FOR INSTALLATION & INTEGRATION SERVICES, BY REGION, 2018–2020 (USD MILLION) 106
TABLE 54 ACCESS CONTROL MARKET FOR INSTALLATION & INTEGRATION SERVICES, BY REGION, 2021–2026 (USD MILLION) 106
8.4.3 SUPPORT & MAINTENANCE SERVICES 106
TABLE 55 ACCESS CONTROL MARKET FOR SUPPORT & MAINTENANCE SERVICES,
BY REGION, 2018–2020 (USD MILLION) 106
TABLE 56 ACCESS CONTROL MARKET FOR SUPPORT & MAINTENANCE SERVICES,
BY REGION, 2021–2026 (USD MILLION) 107
9 ACCESS CONTROL AS A SERVICE MARKET 108
9.1 INTRODUCTION 109
9.2 ACCESS CONTROL AS A SERVICE (ACAAS) 109
FIGURE 32 ACCESS CONTROL AS A SERVICE MARKET, BY TYPE 109
FIGURE 33 MARKET FOR MANAGED ACAAS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 110
TABLE 57 ACCESS CONTROL AS A SERVICE MARKET, BY TYPE,
2018–2020 (USD MILLION) 110
TABLE 58 ACCESS CONTROL AS A SERVICE MARKET, BY TYPE,
2021–2026 (USD MILLION) 110
TABLE 59 ACCESS CONTROL AS A SERVICE MARKET, BY VERTICAL,
2018–2020 (USD MILLION) 111
TABLE 60 ACCESS CONTROL AS A SERVICE MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 111
TABLE 61 ACCESS CONTROL AS A SERVICE MARKET, BY REGION,
2018–2020 (USD MILLION) 112
TABLE 62 ACCESS CONTROL AS A SERVICE MARKET, BY REGION,
2021–2026 (USD MILLION) 112
9.3 HOSTED ACAAS 112
9.3.1 HOSTED ACAAS HELD LARGEST MARKET SHARE IN 2020 112
TABLE 63 HOSTED ACCESS CONTROL AS A SERVICE MARKET, BY REGION,
2018–2020 (USD MILLION) 113
TABLE 64 HOSTED ACCESS CONTROL AS A SERVICE MARKET, BY REGION,
2021–2026 (USD MILLION) 113
9.4 MANAGED ACAAS 113
9.4.1 DEMAND FOR MANAGED ACAAS WOULD INCREASE DURING FORECAST PERIOD DUE TO ITS FLEXIBILITY 113
TABLE 65 MANAGED ACCESS CONTROL AS A SERVICE MARKET, BY REGION,
2018–2020 (USD MILLION) 114
TABLE 66 MANAGED ACCESS CONTROL AS A SERVICE MARKET, BY REGION,
2021–2026 (USD MILLION) 114
9.5 HYBRID ACAAS 114
9.5.1 MARKET FOR HYBRID ACAAS IS DRIVEN BY FLEXIBILITY AND SCALABILITY OF THESE SERVICES 114
TABLE 67 HYBRID ACCESS CONTROL AS A SERVICE MARKET, BY REGION,
2018–2020 (USD MILLION) 115
TABLE 68 HYBRID ACCESS CONTROL AS A SERVICE MARKET, BY REGION,
2021–2026 (USD MILLION) 115
10 ACCESS CONTROL MARKET, BY VERTICAL 116
10.1 INTRODUCTION 117
FIGURE 34 ACCESS CONTROL MARKET, BY VERTICAL 117
FIGURE 35 RESIDENTIAL VERTICAL TO GROW AT HIGHEST RATE IN ACCESS CONTROL MARKET DURING FORECAST PERIOD 117
TABLE 69 ACCESS CONTROL MARKET, BY VERTICAL, 2018–2020 (USD MILLION) 118
TABLE 70 ACCESS CONTROL MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 118
10.2 COMMERCIAL 119
10.2.1 GROWING NEED FOR HIGH SECURITY IN FINANCIAL INSTITUTIONS WOULD FOSTER GROWTH OF ACCESS CONTROL MARKET FOR COMMERCIAL VERTICAL 119
FIGURE 36 ENTERPRISE & DATA CENTERS SEGMENT TO HOLD LARGEST SIZE OF ACCESS CONTROL MARKET FOR COMMERCIAL VERTICAL IN 2021 119
10.2.2 ENTERPRISES AND DATA CENTERS 120
10.2.2.1 Enterprise and data centers are key commercial end users of access control systems 120
10.2.3 BANKS AND FINANCIAL BUILDINGS 120
10.2.3.1 Need for high security and surveillance in banking sector propel access control market 120
10.2.4 HOTELS, STADIUMS, AND AMUSEMENT PARKS 121
10.2.4.1 Rising terrorist activities in hospitality sector to boost demand for access control solutions 121
10.2.5 RETAIL STORES AND MALLS 121
10.2.5.1 Need to secure assets and personnel to boost deployment of access control solutions in retail sector 121
TABLE 71 ACCESS CONTROL MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2018–2020 (USD MILLION) 122
TABLE 72 ACCESS CONTROL MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2021–2026 (USD MILLION) 122
TABLE 73 ACCESS CONTROL MARKET FOR COMMERCIAL, BY TYPE,
2018–2020 (USD MILLION) 122
TABLE 74 ACCESS CONTROL MARKET FOR COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION) 123
10.3 MILITARY AND DEFENSE 123
10.3.1 PROTECTION OF DEFENSE PERSONNEL AND NEED FOR RESTRICTING UNAUTHORIZED ACCESS TO PHYSICAL SECURITY ZONES TO BOOST DEMAND IN MILITARY AND DEFENSE VERTICAL 123
TABLE 75 ACCESS CONTROL MARKET FOR MILITARY & DEFENSE VERTICAL, BY REGION, 2018–2020 (USD MILLION) 124
TABLE 76 ACCESS CONTROL MARKET FOR MILITARY & DEFENSE VERTICAL, BY REGION, 2021–2026 (USD MILLION) 124
10.4 GOVERNMENT 124
10.4.1 INCREASING FOCUS OF GOVERNMENTS ON DEPLOYMENT OF ACCESS CONTROL SYSTEMS TO PREVENT SECURITY THREATS WOULD PROPEL MARKET GROWTH 124
TABLE 77 ACCESS CONTROL MARKET FOR GOVERNMENT VERTICAL, BY REGION, 2018–2020 (USD MILLION) 125
TABLE 78 ACCESS CONTROL MARKET FOR GOVERNMENT VERTICAL, BY REGION, 2021–2026 (USD MILLION) 125
10.5 RESIDENTIAL 126
10.5.1 RESIDENTIAL VERTICAL TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 126
FIGURE 37 APAC ACCESS CONTROL MARKET FOR RESIDENTIAL VERTICAL TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 79 ACCESS CONTROL MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2020 (USD MILLION) 126
TABLE 80 ACCESS CONTROL MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2021–2026 (USD MILLION) 127
10.6 EDUCATION 127
10.6.1 NEED TO SECURE SAFETY OF STUDENTS AND ASSETS TO PROPEL DEMAND FOR ACCESS CONTROL SOLUTIONS IN EDUCATION VERTICAL 127
TABLE 81 ACCESS CONTROL MARKET FOR EDUCATIONAL VERTICAL, BY REGION, 2018–2020 (USD MILLION) 127
TABLE 82 ACCESS CONTROL MARKET FOR EDUCATIONAL VERTICAL, BY REGION, 2021–2026 (USD MILLION) 128
10.7 HEALTHCARE 128
10.7.1 INTENSIFYING CONCERNS REGARDING PRIVACY OF PATIENT DATA TO AUGMENT IMPLEMENTATION OF ACCESS CONTROL SOLUTIONS IN HEALTHCARE 128
TABLE 83 ACCESS CONTROL MARKET FOR HEALTHCARE VERTICAL, BY REGION,
2018–2020 (USD MILLION) 128
TABLE 84 ACCESS CONTROL MARKET FOR HEALTHCARE VERTICAL, BY REGION,
2021–2026 (USD MILLION) 129
10.8 MANUFACTURING AND INDUSTRIAL 129
10.8.1 INDUSTRIAL VERTICAL IS EMPLOYING ACCESS CONTROL SOLUTIONS TO SAFEGUARD PEOPLE AND MANUFACTURING FACILITIES 129
TABLE 85 ACCESS CONTROL MARKET FOR MANUFACTURING & INDUSTRIAL VERTICAL, BY REGION, 2018–2020 (USD MILLION) 129
TABLE 86 ACCESS CONTROL MARKET FOR MANUFACTURING & INDUSTRIAL VERTICAL, BY REGION, 2021–2026 (USD MILLION) 130
10.9 TRANSPORTATION 130
10.9.1 NEED TO INSULATE TRANSPORTATION SYSTEMS FROM SECURITY THREATS AND CREATE SAFE ENVIRONMENT FOR PASSENGERS TO INCREASE IMPLEMENTATION OF SECURITY SOLUTIONS 130
TABLE 87 ACCESS CONTROL MARKET FOR TRANSPORTATION VERTICAL, BY REGION, 2018–2020 (USD MILLION) 131
TABLE 88 ACCESS CONTROL MARKET FOR TRANSPORTATION VERTICAL, BY REGION, 2021–2026 (USD MILLION) 131
11 GEOGRAPHIC ANALYSIS 132
11.1 INTRODUCTION 133
FIGURE 38 GEOGRAPHIC SNAPSHOT: ACCESS CONTROL MARKET TO WITNESS HIGHEST GROWTH IN APAC FROM 2021 TO 2026 133
FIGURE 39 APAC TO DOMINATE ACCESS CONTROL MARKET DURING FORECAST PERIOD 134
TABLE 89 ACCESS CONTROL MARKET, BY REGION, 2018–2020 (USD MILLION) 134
TABLE 90 ACCESS CONTROL MARKET, BY REGION, 2021–2026 (USD MILLION) 134
11.2 NORTH AMERICA 135
FIGURE 40 SNAPSHOT: ACCESS CONTROL MARKET IN NORTH AMERICA 136
TABLE 91 ACCESS CONTROL MARKET IN NORTH AMERICA, BY OFFERING,
2018–2020 (USD MILLION) 136
TABLE 92 ACCESS CONTROL MARKET IN NORTH AMERICA, BY OFFERING,
2021–2026 (USD MILLION) 137
TABLE 93 ACCESS CONTROL MARKET IN NORTH AMERICA, BY HARDWARE,
2018–2020 (USD MILLION) 137
TABLE 94 ACCESS CONTROL MARKET IN NORTH AMERICA, BY HARDWARE,
2021–2026 (USD MILLION) 137
TABLE 95 ACCESS CONTROL MARKET IN NORTH AMERICA, BY SERVICE,
2018–2020 (USD MILLION) 138
TABLE 96 ACCESS CONTROL MARKET IN NORTH AMERICA, BY SERVICE,
2021–2026 (USD MILLION) 138
TABLE 97 ACCESS CONTROL MARKET IN NORTH AMERICA, BY VERTICAL,
2018–2020 (USD MILLION) 138
TABLE 98 ACCESS CONTROL MARKET IN NORTH AMERICA, BY VERTICAL,
2021–2026 (USD MILLION) 139
TABLE 99 ACCESS CONTROL AS A SERVICE MARKET IN NORTH AMERICA, BY TYPE, 2018–2020 (USD MILLION) 139
TABLE 100 ACCESS CONTROL AS A SERVICE MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD MILLION) 139
TABLE 101 ACCESS CONTROL MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2020 (USD MILLION) 140
TABLE 102 ACCESS CONTROL MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION) 140
11.2.1 US 141
11.2.1.1 US accounted for largest share of access control market
in North America in 2020 141
11.2.2 CANADA 141
11.2.2.1 Presence of several private military and security companies in Canada to support access control market growth 141
11.2.3 MEXICO 142
11.2.3.1 High focus of government on tightening security measures would create lucrative opportunities for providers of access control
systems in Mexico 142
11.3 EUROPE 142
FIGURE 41 SNAPSHOT: ACCESS CONTROL MARKET IN EUROPE 143
TABLE 103 ACCESS CONTROL MARKET IN EUROPE, BY OFFERING,
2018–2020 (USD MILLION) 143
TABLE 104 ACCESS CONTROL MARKET IN EUROPE, BY OFFERING,
2021–2026 (USD MILLION) 144
TABLE 105 ACCESS CONTROL MARKET IN EUROPE, BY HARDWARE,
2018–2020 (USD MILLION) 144
TABLE 106 ACCESS CONTROL MARKET IN EUROPE, BY HARDWARE,
2021–2026 (USD MILLION) 144
TABLE 107 ACCESS CONTROL MARKET IN EUROPE, BY SERVICE,
2018–2020 (USD MILLION) 144
TABLE 108 ACCESS CONTROL MARKET IN EUROPE, BY SERVICE,
2021–2026 (USD MILLION) 145
TABLE 109 ACCESS CONTROL MARKET IN EUROPE, BY VERTICAL,
2018–2020 (USD MILLION) 145
TABLE 110 ACCESS CONTROL MARKET IN EUROPE, BY VERTICAL,
2021–2026 (USD MILLION) 145
TABLE 111 ACCESS CONTROL AS A SERVICE MARKET IN EUROPE, BY TYPE,
2018–2020 (USD MILLION) 146
TABLE 112 ACCESS CONTROL AS A SERVICE MARKET IN EUROPE, BY TYPE,
2021–2026 (USD MILLION) 146
TABLE 113 ACCESS CONTROL MARKET IN EUROPE, BY COUNTRY,
2018–2020 (USD MILLION) 146
TABLE 114 ACCESS CONTROL MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD MILLION) 146
11.3.1 UK 147
11.3.1.1 Various initiatives for enhanced security boost access control market growth in UK 147
11.3.2 GERMANY 147
11.3.2.1 Escalating demand for biometric solutions drives access control market growth in Germany 147
11.3.3 FRANCE 148
11.3.3.1 Growing terrorist activities push access control market growth
in France 148
11.3.4 REST OF EUROPE 148
11.4 APAC 149
FIGURE 42 SNAPSHOT: ACCESS CONTROL MARKET IN APAC 150
TABLE 115 ACCESS CONTROL MARKET IN APAC, BY OFFERING,
2018–2020 (USD MILLION) 150
TABLE 116 ACCESS CONTROL MARKET IN APAC, BY OFFERING,
2021–2026 (USD MILLION) 151
TABLE 117 ACCESS CONTROL MARKET IN APAC, BY HARDWARE,
2018–2020 (USD MILLION) 151
TABLE 118 ACCESS CONTROL MARKET IN APAC, BY HARDWARE,
2021–2026 (USD MILLION) 151
TABLE 119 ACCESS CONTROL MARKET IN APAC, BY SERVICE,
2018–2020 (USD MILLION) 152
TABLE 120 ACCESS CONTROL MARKET IN APAC, BY SERVICE,
2021–2026 (USD MILLION) 152
TABLE 121 ACCESS CONTROL MARKET IN APAC, BY VERTICAL,
2018–2020 (USD MILLION) 152
TABLE 122 ACCESS CONTROL MARKET IN APAC, BY VERTICAL,
2021–2026 (USD MILLION) 152
TABLE 123 ACCESS CONTROL AS A SERVICE MARKET IN APAC, BY TYPE,
2018–2020 (USD MILLION) 153
TABLE 124 ACCESS CONTROL AS A SERVICE MARKET IN APAC, BY TYPE,
2021–2026 (USD MILLION) 153
TABLE 125 ACCESS CONTROL MARKET IN APAC, BY COUNTRY,
2018–2020 (USD MILLION) 153
TABLE 126 ACCESS CONTROL MARKET IN APAC, BY COUNTRY,
2021–2026 (USD MILLION) 153
 
11.4.1 CHINA 154
11.4.1.1 China to dominate access control market in APAC during forecast period 154
11.4.2 JAPAN 155
11.4.2.1 Growing economy and increasing security threats to propel access control market growth in Japan 155
11.4.3 SOUTH KOREA 155
11.4.3.1 Growing need for security solutions to ensure border security to accelerate market growth in South Korea 155
11.4.4 INDIA 156
11.4.4.1 Increasing security concerns and rapid urbanization boost Indian access control market growth 156
11.4.5 REST OF APAC 156
11.5 ROW 157
TABLE 127 ACCESS CONTROL MARKET IN ROW, BY OFFERING,
2018–2020 (USD MILLION) 157
TABLE 128 ACCESS CONTROL MARKET IN ROW, BY OFFERING,
2021–2026 (USD MILLION) 157
TABLE 129 ACCESS CONTROL MARKET IN ROW, BY HARDWARE,
2018–2020 (USD MILLION) 157
TABLE 130 ACCESS CONTROL MARKET IN ROW, BY HARDWARE,
2021–2026 (USD MILLION) 158
TABLE 131 ACCESS CONTROL MARKET IN ROW, BY SERVICE,
2018–2020 (USD MILLION) 158
TABLE 132 ACCESS CONTROL MARKET IN ROW, BY SERVICE,
2021–2026 (USD MILLION) 158
TABLE 133 ACCESS CONTROL MARKET IN ROW, BY VERTICAL,
2018–2020 (USD MILLION) 159
TABLE 134 ACCESS CONTROL MARKET IN ROW, BY VERTICAL,
2021–2026 (USD MILLION) 159
TABLE 135 ACCESS CONTROL AS A SERVICE MARKET IN ROW, BY TYPE,
2018–2020 (USD MILLION) 159
TABLE 136 ACCESS CONTROL AS A SERVICE MARKET IN ROW, BY TYPE,
2021–2026 (USD MILLION) 160
TABLE 137 ACCESS CONTROL MARKET IN ROW, BY REGION, 2018–2020 (USD MILLION) 160
TABLE 138 ACCESS CONTROL MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION) 160
11.5.1 MIDDLE EAST AND AFRICA 161
11.5.1.1 Growing government security initiatives to boost access control market growth in Middle East & Africa 161
11.5.2 SOUTH AMERICA 161
11.5.2.1 High crime rate to create demand for access control solutions in South America 161
 
12 COMPETITIVE LANDSCAPE 162
12.1 INTRODUCTION 162
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 162
TABLE 139 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN ACCESS CONTROL MARKET 162
12.2.1 PRODUCT PORTFOLIO 163
12.2.2 REGIONAL FOCUS 163
12.2.3 MANUFACTURING FOOTPRINT 163
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 163
12.3 MARKET SHARE ANALYSIS, 2020 163
TABLE 140 ACCESS CONTROL MARKET: DEGREE OF COMPETITION 164
12.4 REVENUE ANALYSIS OF TOP PLAYERS IN ACCESS CONTROL MARKET 165
FIGURE 43 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN ACCESS CONTROL MARKET 165
12.5 COMPANY EVALUATION QUADRANT 166
12.5.1 STAR 166
12.5.2 PERVASIVE 166
12.5.3 EMERGING LEADER 166
12.5.4 PARTICIPANT 166
FIGURE 44 ACCESS CONTROL MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2020 167
12.6 STARTUP/SME EVALUATION QUADRANT 168
TABLE 141 STARTUP/SME EVALUATION QUADRANT 168
12.6.1 PROGRESSIVE COMPANY 168
12.6.2 RESPONSIVE COMPANY 168
12.6.3 DYNAMIC COMPANY 169
12.6.4 STARTING BLOCK 169
FIGURE 45 ACCESS CONTROL MARKET (GLOBAL): STARTUP/SME EVALUATION QUADRANT, 2020 169
12.7 COMPANY PRODUCT FOOTPRINT 170
TABLE 142 COMPANY PRODUCT FOOTPRINT 170
TABLE 143 APPLICATION FOOTPRINT OF COMPANIES 171
TABLE 144 VERTICAL FOOTPRINT OF COMPANIES 172
TABLE 145 REGIONAL FOOTPRINT OF COMPANIES 173
12.8 COMPETITIVE SITUATION AND TRENDS 174
12.8.1 PRODUCT LAUNCHES & DEVELOPMENTS 174
TABLE 146 ACCESS CONTROL MARKET: PRODUCT LAUNCHES & DEVELOPMENTS, JANUARY 2018– OCTOBER 2021 174
12.8.2 DEALS 179
TABLE 147 ACCESS CONTROL MARKET: DEALS, JANUARY 2018–SEPTEMBER 2021 179
 
13 COMPANY PROFILES 186
13.1 KEY PLAYERS 186
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
13.1.1 ASSA ABLOY AB 186
TABLE 148 ASSA ABLOY AB: BUSINESS OVERVIEW 186
FIGURE 46 ASSA ABLOY: COMPANY SNAPSHOT 187
13.1.2 DORMAKABA HOLDING AG 193
TABLE 149 DORMAKABA HOLDING: BUSINESS OVERVIEW 193
FIGURE 47 DORMAKABA HOLDINGS: COMPANY SNAPSHOT 194
13.1.3 JOHNSON CONTROLS INTERNATIONAL PLC 197
TABLE 150 JOHNSON CONTROLS: BUSINESS OVERVIEW 197
FIGURE 48 JOHNSON CONTROLS: COMPANY SNAPSHOT 198
13.1.4 ALLEGION PLC 202
TABLE 151 ALLEGION PLC: BUSINESS OVERVIEW 202
FIGURE 49 ALLEGION PLC: COMPANY SNAPSHOT 203
13.1.5 HONEYWELL INTERNATIONAL 206
TABLE 152 HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW 206
FIGURE 50 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT 207
13.1.6 IDENTIV 210
TABLE 153 IDENTIV: BUSINESS OVERVIEW 210
FIGURE 51 INDENTIV: COMPANY SNAPSHOT 211
13.1.7 NEDAP NV 214
TABLE 154 NEDAP: BUSINESS OVERVIEW 214
FIGURE 52 NEDAP: COMPANY SNAPSHOT 215
13.1.8 SUPREMA HQ 217
TABLE 155 SUPREMA HQ: BUSINESS OVERVIEW 217
FIGURE 53 SUPREMA HQ: COMPANY SNAPSHOT 218
13.1.9 BOSCH SECURITY SYSTEMS 221
TABLE 156 BOSCH SECURITY SYSTEMS: BUSINESS OVERVIEW 221
13.1.10 THALES GROUP 223
TABLE 157 THALES GROUP: BUSINESS OVERVIEW 223
FIGURE 54 THALES GROUP: COMPANY SNAPSHOT 224
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
13.2 OTHER COMPANIES 226
13.2.1 AMAG TECHNOLOGY, INC. 226
13.2.2 AXIS COMMUNICATIONS AB 227
13.2.3 GUNNEBO AB 227
13.2.4 NEC CORPORATION 228
13.2.5 GALLAGHER GROUP LIMITED 228
13.2.6 ADMAN TECHNOLOGIES PVT. LTD 229
13.2.7 BRIVO, INC. 229
13.2.8 SALTO SYSTEMS S.L. 230
13.2.9 IDEMIA 230
13.2.10 VANDERBILT INDUSTRIES 231
13.2.11 CANSEC SYSTEMS 231
14 APPENDIX 232
14.1 DISCUSSION GUIDE 232
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 235
14.3 AVAILABLE CUSTOMIZATIONS 237
14.4 RELATED REPORTS 237
14.5 AUTHOR DETAILS 238

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

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Publication Date:  March, 2022

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

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

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# of Pages:        184

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Publication Date:  March, 2022

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