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Optical Sorter Market with COVID-19 Impact Analysis, by Type (Cameras, NIR, Lasers, Hyperspectral Cameras & Combined Sorters, Other types), Platform (...

Publisher:        MarketsandMarkets

# of Pages:        295

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1 User License $4,950

Publication Date:  February, 2022

Price:       $4,950 / User License




1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.2.1 INCLUSIONS AND EXCLUSIONS 32
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 OPTICAL SORTER MARKET: SEGMENTATION 32
1.3.2 GEOGRAPHIC SCOPE 33
1.3.3 YEARS CONSIDERED 33
1.4 CURRENCY 34
1.5 LIMITATIONS 34
1.6 STAKEHOLDERS 34
1.7 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 2 OPTICAL SORTER MARKET: RESEARCH DESIGN 37
2.1.1 SECONDARY DATA AND PRIMARY RESEARCH 37
FIGURE 3 OPTICAL SORTER MARKET: RESEARCH APPROACH 38
2.1.2 SECONDARY DATA 39
2.1.2.1 Major secondary sources 39
2.1.2.2 Key data from secondary sources 39
2.1.3 PRIMARY DATA 40
2.1.3.1 Primary interviews with experts 40
2.1.3.2 Primary sources 40
2.1.3.3 Key industry insights 41
2.1.3.4 Breakdown of primary interviews 42
2.2 MARKET SIZE ESTIMATION 42
2.2.1 BOTTOM-UP APPROACH 43
2.2.1.1 Approach to arrive at market size using bottom-up analysis
(demand side) 43
FIGURE 4 BOTTOM-UP APPROACH 43
2.2.2 TOP-DOWN APPROACH 44
2.2.2.1 Approach to arrive at market size using bottom-up analysis
(supply side) 44
FIGURE 5 TOP-DOWN APPROACH 44
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: (DEMAND SIDE) — REVENUE GENERATED BY COMPANIES IN OPTICAL SORTER MARKET 45
 
2.3 DATA TRIANGULATION 46
FIGURE 7 OPTICAL SORTER MARKET: DATA TRIANGULATION 46
2.4 ASSUMPTIONS 47
2.5 LIMITATIONS 47
2.6 RISK ASSESSMENT 48
3 EXECUTIVE SUMMARY 49
3.1 IMPACT OF COVID-19 ON OPTICAL SORTER MARKET 50
FIGURE 8 OPTICAL SORTER MARKET: REALISTIC, PESSIMISTIC, AND OPTIMISTIC RECOVERY SCENARIO 50
TABLE 1 COVID-19 IMPACT: REALISTIC SCENARIO 50
TABLE 2 COVID-19 IMPACT: OPTIMISTIC SCENARIO 51
TABLE 3 COVID-19 IMPACT: PESSIMISTIC SCENARIO 51
FIGURE 9 CAMERA TYPE TO HOLD LARGEST SHARE OF OPTICAL SORTER MARKET DURING FORECAST PERIOD 52
FIGURE 10 OPTICAL SORTER MARKET FOR BELT PLATFORM TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 52
FIGURE 11 OPTICAL SORTER MARKET FOR FOOD APPLICATION TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027 53
FIGURE 12 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF OPTICAL SORTER MARKET IN 2021 54
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES IN OPTICAL SORTER MARKET 56
FIGURE 13 GROWING FOCUS ON AUTOMATION TO INCREASE PRODUCTIVITY IN VARIOUS INDUSTRIES HAS FUELED MARKET GROWTH 56
4.2 OPTICAL SORTER MARKET, BY PLATFORM 56
FIGURE 14 BELT PLATFORM ESTIMATED TO HOLD LARGEST SHARE OF OPTICAL SORTER MARKET DURING FORECAST PERIOD 56
4.3 OPTICAL SORTER MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY 57
FIGURE 15 FOOD APPLICATION AND US ARE ESTIMATED TO ACCOUNT FOR LARGER SHARE OF NORTH AMERICAN OPTICAL SORTER MARKET IN 2021 57
4.4 OPTICAL SORTER MARKET, BY APPLICATION 57
FIGURE 16 OPTICAL SORTER MARKET FOR FOOD APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 57
4.5 OPTICAL SORTER MARKET, BY KEY COUNTRIES 58
FIGURE 17 US IS EXPECTED TO DOMINATE OPTICAL SORTER MARKET DURING FORECAST PERIOD 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 60
FIGURE 18 OPTICAL SORTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 60
 
5.2.1 DRIVERS 61
FIGURE 19 IMPACT OF DRIVERS ON OPTICAL SORTER MARKET 61
5.2.1.1 Growing focus on automation for increasing productivity in various industries 62
5.2.1.2 Increasing adoption in the food industry for food processing activities and for reducing process and delivery time 63
FIGURE 20 PATENTS FOR OPTICAL SORTERS FOR FOOD BETWEEN 2011 AND 2020 63
5.2.1.3 Increase in wages of the manual workforce in various countries 64
FIGURE 21 AVERAGE ANNUAL WAGES IN CHINA BETWEEN 2010 2020 64
FIGURE 22 AVERAGE ANNUAL WAGES IN EUROPE, 2015 & 2020 65
5.2.1.4 Stringent government regulations regarding food safety 65
5.2.2 RESTRAINTS 66
FIGURE 23 IMPACT OF RESTRAINTS ON OPTICAL SORTER MARKET 66
5.2.2.1 Requirement of high initial capital investment for implementation of sorting machines 67
5.2.2.2 Detection errors in optical sorting machines 67
5.2.3 OPPORTUNITIES 68
FIGURE 24 IMPACT OF OPPORTUNITIES ON THE OPTICAL SORTER MARKET 68
5.2.3.1 Advancements in detection technologies and ease of operation 68
5.2.3.2 Recycling initiatives at global scale to create scope for optical sorters 69
FIGURE 25 PATENTS FOR OPTICAL SORTERS FOR RECYCLING BETWEEN 2011 AND 2020 70
5.2.3.3 Integration of optical sorting systems with internet of things (IoT) and artificial intelligence (AI) 70
5.2.4 CHALLENGES 72
FIGURE 26 IMPACT OF CHALLENGES ON OPTICAL SORTER MARKET 72
5.2.4.1 Difficulties in sorting plastic waste 72
5.2.4.2 Challenges associated with various industries due to the outbreak of COVID-19 pandemic 73
5.3 VALUE CHAIN ANALYSIS 75
FIGURE 27 VALUE CHAIN ANALYSIS OF OPTICAL SORTERS ECOSYSTEM: MANUFACTURING, ASSEMBLY, AND SYSTEM INTEGRATION PHASES CONTRIBUTE MOST VALUE 75
5.3.1 PLANNING AND REVISING FUNDS 75
5.3.2 RESEARCH AND DEVELOPMENT 76
5.3.3 MANUFACTURING AND ASSEMBLY & SYSTEM INTEGRATION 76
5.3.4 DISTRIBUTION AND AFTER-SALES SERVICES 76
5.4 ECOSYSTEM 77
FIGURE 28 OPTICAL SORTERS ECOSYSTEM 77
TABLE 4 LIST OF COMPANIES AND THEIR ROLE IN OPTICAL SORTERS ECOSYSTEM 78
5.5 TRENDS IMPACTING CUSTOMERS’ BUSINESS 79
FIGURE 29 REVENUE SHIFT IN OPTICAL SORTER MARKET 80
5.6 PORTER’S FIVE FORCES ANALYSIS 80
FIGURE 30 PORTER’S FIVE FORCES ANALYSIS 80
TABLE 5 OPTICAL SORTER MARKET: PORTER’S FIVE FORCES ANALYSIS 81
5.6.1 THREAT OF NEW ENTRANTS 81
5.6.2 THREAT OF SUBSTITUTES 81
5.6.3 BARGAINING POWER OF BUYERS 82
5.6.4 BARGAINING POWER OF SUPPLIERS 82
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.7 CASE STUDIES 83
5.7.1 FOOD 83
5.7.1.1 The Chilean company Vitafoods opted for the TOMRA 5B optical sorters to optimize its sorting process for frozen raspberries 83
5.7.1.2 The DA Multivision optical sorter from Bühler (Switzerland) increases Kijani Hai's (Tanzania) annual savings for coffee co-op by 20% 84
5.7.1.3 Antarctic Foods (France) uses Key Technology's (US) Veryx digital sorters to improve production efficiency and vegetable product quality 85
5.7.2 RECYCLING 85
5.7.2.1 30TPH Cal-Waste (US) facility in Galt, California deploys primary sorting screens and optical sorters by CP Global (US) for producing high-quality recyclables with increased processing capacity of 173% 85
5.7.3 MINING 86
5.7.3.1 Tomra optical sorting machines for minerals (Quartz) are increasing quality and lowering costs for Mikroman (Turkey) 86
5.8 TECHNOLOGY TRENDS 87
5.8.1 KEY TECHNOLOGY 87
5.8.1.1 Advent of numerous patented sorting technologies owing to their benefits and features 87
TABLE 6 SORTING TECHNOLOGY FOR FOOD APPLICATION 87
TABLE 7 SORTING TECHNOLOGY FOR RECYCLING APPLICATION 88
TABLE 8 SORTING TECHNOLOGY FOR MINING APPLICATION 89
TABLE 9 MISCELLANEOUS TECHNOLOGIES (TECHNOLOGIES THAT DIRECTLY ASSIST IN OPTICAL SORTING OF MATERIALS) 90
5.8.1.2 Advancements in smart imaging sensors and powerful image processors make them increasingly appealing for optical sorting machines 90
5.8.2 COMPLEMENTARY TECHNOLOGY 91
5.8.2.1 Growing advancement in AI, IIoT, deep learning, and big data analytics 91
FIGURE 31 PATENTS FOR OPTICAL SORTER AI SOFTWARE BETWEEN 2010 AND 2020 92
5.8.3 ADJACENT TECHNOLOGY 93
5.8.3.1 Advent of optical sorting robot technology 93
TABLE 10 RECENT DEVELOPMENTS IN OPTICAL SORTING ROBOTICS 94
5.9 AVERAGE SELLING PRICE 96
TABLE 11 AVERAGE SELLING PRICE OF OPTICAL SORTER, BY APPLICATION (USD) 96
5.10 TRADE ANALYSIS 97
5.10.1 IMPORT SCENARIO 97
5.10.1.1 Import scenario for optical sorter market 97
FIGURE 32 IMPORT DATA FOR MACHINES FOR CLEANING, SORTING, OR GRADING SEEDS, GRAINS, OR DRY LEGUMES (INCLUDING OPTICAL SORTERS FOR FOOD APPLICATION) IN MARKET FOR TOP FIVE COUNTRIES, 2016–2020 (USD MILLION) 98
5.10.2 EXPORT SCENARIO 98
5.10.2.1 Export scenario for optical sorter market 98
FIGURE 33 EXPORT DATA FOR MACHINES FOR CLEANING, SORTING OR GRADING SEEDS, GRAINS OR DRY LEGUMES (INCLUDING OPTICAL SORTERS FOR FOOD APPLICATION) IN MARKET FOR TOP FIVE COUNTRIES, 2016–2020 (USD MILLION) 99
5.11 PATENT ANALYSIS 99
TABLE 12 TOP 10 PATENT OWNERS IN LAST 10 YEARS (2011–2021) 99
TABLE 13 PATENTS FILED FOR VARIOUS TYPES OF OPTICAL SORTERS, 2021-2018 100
FIGURE 34 OPTICAL SORTER PATENTS GRANTED BETWEEN 2011 AND 2020 106
FIGURE 35 TOP 10 COMPANIES WITH LARGEST NUMBER OF PATENT APPLICATIONS, 2011–2021 106
5.12 TARIFFS AND REGULATIONS 107
5.12.1 TARIFFS 107
TABLE 14 CHINA: MFN TARIFFS FOR MACHINES FOR CLEANING, SORTING, OR GRADING SEEDS, GRAINS, OR DRY LEGUMES (INCLUDING OPTICAL SORTERS FOR FOOD APPLICATION), BY KEY COUNTRY 107
TABLE 15 UK: MFN TARIFFS FOR MACHINES FOR CLEANING, SORTING, OR GRADING SEEDS, GRAINS, OR DRY LEGUMES (INCLUDING OPTICAL SORTERS FOR FOOD APPLICATION), BY KEY COUNTRY 108
5.12.1.1 Positive impact of tariffs on optical sorters ecosystem 109
5.12.1.2 Negative impact of tariffs on optical sorters ecosystem 109
5.12.2 REGULATIONS AND STANDARDS 109
FIGURE 36 VARIOUS STANDARDS FOR OPTICAL SORTERS 109
5.12.2.1 ISO Standards 109
5.12.2.1.1 ISO 9001 109
5.12.2.1.2 ISO 45001:2018 109
5.12.2.1.3 ISO 14001 110
5.12.2.2 ATEX (Atmosphere Explosible) certification 110
5.12.2.3 Food Safety Regulations and Standards Across Various Regions 110
5.12.2.3.1 US 110
5.12.2.3.2 Europe 111
5.12.2.3.3 APAC 111
6 OFFERINGS IN OPTICAL SORTER MARKET AND CLASSIFICATION
BY END USERS 112
6.1 INTRODUCTION 112
6.2 OFFERINGS 113
FIGURE 37 OPTICAL SORTER MARKET: OFFERINGS 113
6.2.1 HARDWARE 113
FIGURE 38 COMPONENTS OF AN OPTICAL SORTER 114
6.2.1.1 Feed System 114
6.2.1.2 Optical System 114
6.2.1.3 Image Processing Unit 115
6.2.1.4 Separation System 115
6.2.2 SOFTWARE & SERVICES 115
6.2.2.1 Software 115
6.2.2.2 Services 116
6.2.2.2.1 Pre-Sales Services 116
6.2.2.2.2 Installation Services 116
6.2.2.2.3 Maintenance and After-Sale Services 116
6.3 CLASSIFICATION BASED ON SCALE OF END USERS 117
FIGURE 39 OPTICAL SORTER MARKET: SCALE OF END-USER 117
6.3.1 LARGE ENTERPRISES 117
6.3.2 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) 118
7 OPTICAL SORTER MARKET, BY TYPE 119
7.1 INTRODUCTION 120
FIGURE 40 OPTICAL SORTER MARKET, BY TYPE 120
FIGURE 41 CAMERA-BASED SORTERS TO DOMINATE OPTICAL SORTER MARKET DURING FORECAST PERIOD 121
TABLE 16 OPTICAL SORTER MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) 121
TABLE 17 OPTICAL SORTER MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 121
7.2 CAMERAS 122
7.2.1 CAMERA TYPE OPTICAL SORTERS ARE USED TO SORT THE OBJECTS BASED ON COLOR, SIZE, SHAPE, STRUCTURAL PROPERTY, AND CHEMICAL COMPOSITION 122
TABLE 18 PLAYERS OFFERING CAMERA TYPE OPTICAL SORTERS 123
TABLE 19 CAMERA TYPE OPTICAL SORTER MARKET SIZE, BY PLATFORM,
2018–2021 (USD MILLION) 123
FIGURE 42 FREEFALL PLATFORM TO DOMINATE CAMERA TYPE OPTICAL SORTER MARKET DURING FORECAST PERIOD 124
TABLE 20 CAMERA TYPE OPTICAL SORTER MARKET SIZE, BY PLATFORM,
2022–2027 (USD MILLION) 124
TABLE 21 CAMERA TYPE OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION) 124
TABLE 22 CAMERA TYPE OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION) 125
7.3 LASERS 125
7.3.1 LASER OPTICAL SORTERS INVESTIGATE MATERIAL’S STRUCTURAL PROPERTIES AND DIFFERENCES IN COLOR 125
TABLE 23 PLAYERS OFFERING LASER TYPE OPTICAL SORTERS 126
TABLE 24 LASER TYPE OPTICAL SORTER MARKET SIZE, BY PLATFORM,
2018–2021 (USD MILLION) 126
TABLE 25 LASER TYPE OPTICAL SORTER MARKET SIZE, BY PLATFORM,
2022–2027 (USD MILLION) 127
TABLE 26 LASER TYPE OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION) 127
FIGURE 43 FOOD APPLICATION TO DOMINATE LASER TYPE OPTICAL SORTER MARKET DURING FORECAST PERIOD 127
TABLE 27 LASER TYPE OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION) 128
7.4 NIR SORTERS 128
7.4.1 NIR OPTICAL SORTERS ARE BEST-SUITED FOR RECYCLING APPLICATION AND CAN AID IN THE CONVERSION OF PLASTIC WASTE INTO A RENEWABLE RESOURCE, THEREBY REDUCING WASTE AND POLLUTION 128
TABLE 28 PLAYERS OFFERING NIR TYPE OPTICAL SORTERS 129
TABLE 29 NIR TYPE OPTICAL SORTER MARKET SIZE, BY PLATFORM,
2018–2021 (USD MILLION) 129
TABLE 30 NIR TYPE OPTICAL SORTER MARKET SIZE, BY PLATFORM,
2022–2027 (USD MILLION) 130
TABLE 31 NIR TYPE OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION) 130
FIGURE 44 NIR TYPE OPTICAL SORTER MARKET FOR RECYCLING APPLICATION TO GROW AT FASTEST RATE DURING FORECAST PERIOD 130
TABLE 32 NIR TYPE OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION) 131
7.5 HYPERSPECTRAL CAMERAS & COMBINED SORTERS 131
7.5.1 HYPERSPECTRAL CAMERAS & COMBINED SORTERS ARE USED TO SORT FOOD BASED ON QUALITY, AND TO IDENTIFY ANOMALIES LIKE FOOD MOLDS 131
TABLE 33 PLAYERS OFFERING HYPERSPECTRAL CAMERAS & COMBINED SORTERS TYPE OPTICAL SORTERS 132
TABLE 34 HYPERSPECTRAL CAMERAS & COMBINED SORTERS TYPE OPTICAL SORTER MARKET SIZE, BY PLATFORM, 2018–2021 (USD MILLION) 133
TABLE 35 HYPERSPECTRAL CAMERAS & COMBINED SORTERS TYPE OPTICAL SORTER MARKET SIZE, BY PLATFORM, 2022–2027 (USD MILLION) 133
TABLE 36 HYPERSPECTRAL CAMERAS & COMBINED SORTERS TYPE OPTICAL SORTER MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 133
FIGURE 45 FOOD APPLICATION TO DOMINATE THE HYPERSPECTRAL CAMERAS & COMBINED SORTERS TYPE OPTICAL SORTER MARKET DURING FORECAST PERIOD 134
TABLE 37 HYPERSPECTRAL CAMERAS & COMBINED SORTERS TYPE OPTICAL SORTER MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 134
7.6 OTHERS 135
TABLE 38 PLAYERS OFFERING OTHER TYPES OF OPTICAL SORTERS 135
TABLE 39 OTHER TYPES OPTICAL SORTER MARKET SIZE, BY PLATFORM,
2018–2021 (USD MILLION) 136
FIGURE 46 BELT PLATFORM TO DOMINATE THE OTHER TYPES OPTICAL SORTER MARKET DURING FORECAST PERIOD 136
TABLE 40 OTHER TYPES OPTICAL SORTER MARKET SIZE, BY PLATFORM,
2022–2027 (USD MILLION) 136
TABLE 41 OTHER TYPES OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION) 137
TABLE 42 OTHER TYPES OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION) 137
8 OPTICAL SORTER MARKET, BY PLATFORM 138
8.1 INTRODUCTION 139
FIGURE 47 OPTICAL SORTER MARKET, BY PLATFORM 139
FIGURE 48 BELT PLATFORM TO LEAD OPTICAL SORTER MARKET DURING
FORECAST PERIOD 139
TABLE 43 OPTICAL SORTER MARKET SIZE, BY PLATFORM, 2018–2021 (USD MILLION) 140
TABLE 44 OPTICAL SORTER MARKET SIZE, BY PLATFORM, 2022–2027 (USD MILLION) 140
8.2 BELT 140
8.2.1 BELT PLATFORM-BASED OPTICAL SORTER HELPS TO STABILIZE THE PRODUCT AND IMPROVE THE PREDICTABILITY OF THE TRAJECTORY OF THE PRODUCT 140
TABLE 45 PLAYERS OFFERING OPTICAL SORTERS WITH BELT PLATFORM 141
TABLE 46 OPTICAL SORTER MARKET SIZE FOR BELT PLATFORM, BY TYPE,
2018–2021 (USD MILLION) 141
TABLE 47 OPTICAL SORTER MARKET SIZE FOR BELT PLATFORM, BY TYPE,
2022–2027 (USD MILLION) 142
TABLE 48 OPTICAL SORTER MARKET SIZE FOR BELT PLATFORM, BY APPLICATION, 2018–2021 (USD MILLION) 142
TABLE 49 OPTICAL SORTER MARKET SIZE FOR BELT PLATFORM, BY APPLICATION, 2022–2027 (USD MILLION) 142
8.3 FREEFALL 143
8.3.1 FREEFALL PLATFORM OPTICAL SORTERS ARE BEST-SUITED FOR FROZEN AND DRIED FOOD APPLICATION 143
TABLE 50 PLAYERS OFFERING OPTICAL SORTERS WITH FREEFALL PLATFORM 143
TABLE 51 OPTICAL SORTER MARKET SIZE FOR FREEFALL PLATFORM, BY TYPE,
2018–2021 (USD MILLION) 144
TABLE 52 OPTICAL SORTER MARKET SIZE FOR FREEFALL PLATFORM, BY TYPE,
2022–2027 (USD MILLION) 144
TABLE 53 OPTICAL SORTER MARKET SIZE FOR FREEFALL PLATFORM, BY APPLICATION, 2018–2021 (USD MILLION) 144
TABLE 54 OPTICAL SORTER MARKET SIZE FOR FREEFALL PLATFORM, BY APPLICATION, 2022–2027 (USD MILLION) 145
8.4 LANE 145
8.4.1 SORTING OF FRUITS & VEGETABLES BASED ON INTERNAL AND EXTERNAL QUALITY INSPECTION TO DRIVE THE MARKET FOR OPTICAL SORTERS WITH LANE PLATFORM 145
TABLE 55 PLAYERS OFFERING OPTICAL SORTERS WITH LANE PLATFORM 146
TABLE 56 OPTICAL SORTER MARKET SIZE FOR LANE PLATFORM, BY TYPE,
2018–2021 (USD MILLION) 146
TABLE 57 OPTICAL SORTER MARKET SIZE FOR LANE PLATFORM, BY TYPE,
2022–2027 (USD MILLION) 147
TABLE 58 OPTICAL SORTER MARKET SIZE FOR LANE PLATFORM, BY APPLICATION, 2018–2021 (USD MILLION) 147
TABLE 59 OPTICAL SORTER MARKET SIZE FOR LANE PLATFORM, BY APPLICATION, 2022–2027 (USD MILLION) 147
8.5 HYBRID 148
8.5.1 OPTICAL SORTERS WITH A MODULAR PLATFORM OF CHUTE-FED AND BELT-FED SORTERS ARE DESIGNED TO MEET THE UNIQUE AND SPECIFIC NEEDS IN VARIOUS APPLICATIONS 148
TABLE 60 PLAYERS OFFERING OPTICAL SORTERS WITH HYBRID PLATFORM 148
TABLE 61 OPTICAL SORTER MARKET SIZE FOR HYBRID PLATFORM, BY TYPE,
2018–2021 (USD MILLION) 149
TABLE 62 OPTICAL SORTER MARKET SIZE FOR HYBRID PLATFORM, BY TYPE,
2022–2027 (USD MILLION) 149
TABLE 63 OPTICAL SORTER MARKET SIZE FOR HYBRID PLATFORM, BY APPLICATION, 2018–2021 (USD MILLION) 149
TABLE 64 OPTICAL SORTER MARKET SIZE FOR HYBRID PLATFORM, BY APPLICATION, 2022–2027 (USD MILLION) 150
9 OPTICAL SORTER MARKET, BY APPLICATION 151
9.1 INTRODUCTION 152
FIGURE 49 OPTICAL SORTER MARKET, BY APPLICATION 152
FIGURE 50 FOOD APPLICATION TO DOMINATE OPTICAL SORTER MARKET DURING FORECAST PERIOD 152
TABLE 65 OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION) 153
TABLE 66 OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION) 153
9.2 FOOD 153
TABLE 67 PLAYERS OFFERING OPTICAL SORTERS IN FOOD APPLICATION 154
FIGURE 51 CAMERA TYPE TO DOMINATE THE OPTICAL SORTER MARKET FOR FOOD APPLICATION DURING FORECAST PERIOD 154
TABLE 68 OPTICAL SORTER MARKET SIZE FOR FOOD APPLICATION, BY TYPE,
2018–2021 (USD MILLION) 155
TABLE 69 OPTICAL SORTER MARKET SIZE FOR FOOD APPLICATION, BY TYPE,
2022–2027 (USD MILLION) 155
TABLE 70 OPTICAL SORTER MARKET SIZE FOR FOOD APPLICATION, BY PLATFORM, 2018–2021 (USD MILLION) 155
TABLE 71 OPTICAL SORTER MARKET SIZE FOR FOOD APPLICATION, BY PLATFORM, 2022–2027 (USD MILLION) 156
TABLE 72 OPTICAL SORTER MARKET SIZE FOR FOOD APPLICATION, BY REGION,
2018–2021 (USD MILLION) 156
TABLE 73 OPTICAL SORTER MARKET SIZE FOR FOOD APPLICATION, BY REGION,
2022–2027 (USD MILLION) 156
TABLE 74 OPTICAL SORTER MARKET SIZE FOR FOOD APPLICATION, BY SUB-APPLICATION, 2018–2021 (USD MILLION) 157
TABLE 75 OPTICAL SORTER MARKET SIZE FOR FOOD APPLICATION, BY SUB-APPLICATION, 2022–2027 (USD MILLION) 157
9.2.1 VEGETABLES & FRUITS 158
9.2.1.1 Optical sorters for vegetables & fruits application offer high accuracy for maximum efficiency, high production capacity, and flexibility to clients 158
 
9.2.2 DRIED FRUITS & NUTS 159
9.2.2.1 Optical sorters reduce the levels of foreign materials and rotten items in dried fruits & nuts 159
9.2.3 MEAT & SEAFOOD 159
9.2.3.1 Optical sorters offer contamination-free sorting of fresh or frozen meat & seafood of various sizes and types 159
9.2.4 GRAINS, CEREALS, AND PULSES 159
9.2.4.1 Removal of a wide range of defects in grains, cereals, and pulses drive the demand for optical sorters 159
9.3 RECYCLING 160
TABLE 76 PLAYERS OFFERING OPTICAL SORTERS IN RECYCLING APPLICATION 160
FIGURE 52 NIR TYPE OPTICAL SORTER MARKET FOR RECYCLING APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 161
TABLE 77 OPTICAL SORTER MARKET SIZE FOR RECYCLING APPLICATION, BY TYPE, 2018–2021 (USD MILLION) 161
TABLE 78 OPTICAL SORTER MARKET SIZE FOR RECYCLING APPLICATION, BY TYPE, 2022–2027 (USD MILLION) 161
TABLE 79 OPTICAL SORTER MARKET SIZE FOR RECYCLING APPLICATION,
BY PLATFORM, 2018–2021 (USD MILLION) 162
TABLE 80 OPTICAL SORTER MARKET SIZE FOR RECYCLING APPLICATION,
BY PLATFORM, 2022–2027 (USD MILLION) 162
TABLE 81 OPTICAL SORTER MARKET SIZE FOR RECYCLING APPLICATION, BY REGION, 2018–2021 (USD MILLION) 162
TABLE 82 OPTICAL SORTER MARKET SIZE FOR RECYCLING APPLICATION, BY REGION, 2022–2027 (USD MILLION) 163
TABLE 83 OPTICAL SORTER MARKET SIZE FOR RECYCLING APPLICATION,
BY SUB-APPLICATION, 2018–2021 (USD MILLION) 163
TABLE 84 OPTICAL SORTER MARKET SIZE FOR RECYCLING APPLICATION,
BY SUB-APPLICATION, 2022–2027 (USD MILLION) 163
9.3.1 PLASTIC 164
9.3.1.1 Optical sorters are used for sorting and quality assurance of plastic polymers on the basis of unique NIR spectral fingerprints 164
9.3.2 PAPER 165
9.3.2.1 Optical sorters are used to sort wastepaper based on lignin content, stiffness, gloss, and color of the paper 165
9.3.3 ORGANIC WASTE 165
9.3.3.1 Optical sorter market for organic waste is driven by increasing demand for sorting inert materials, papers, organic materials, and polymers from the organic waste 165
9.3.4 CONSTRUCTION & DEMOLITION (C&D) 166
9.3.4.1 Removal of bulky, heavy materials in construction & demolition waste drive the optical sorter market for C&D application 166
9.3.5 E-SCRAP 166
9.3.5.1 Optical sorters are used in E-scrap recycling for separating individual parts from unusable elements in order to refine them to manufacture other products 166
 
9.3.6 METAL 167
9.3.6.1 Growing demand for separation of ferrous and non-ferrous metals will drive the demand for optical sorters for metal recycling application 167
9.3.7 GLASS 167
9.3.7.1 Optical sorters are designed to keep glass loss to a minimum by maintaining a uniform and evenly distributed material flow during sorting 167
9.4 MINING 168
TABLE 85 PLAYERS OFFERING OPTICAL SORTERS IN MINING APPLICATION 168
FIGURE 53 CAMERA TYPE TO LEAD OPTICAL SORTER MARKET FOR MINING APPLICATION DURING FORECAST PERIOD 169
TABLE 86 OPTICAL SORTER MARKET SIZE FOR MINING APPLICATION, BY TYPE,
2018–2021 (USD MILLION) 169
TABLE 87 OPTICAL SORTER MARKET SIZE FOR MINING APPLICATION, BY TYPE,
2022–2027 (USD MILLION) 169
TABLE 88 OPTICAL SORTER MARKET SIZE FOR MINING APPLICATION, BY PLATFORM, 2018–2021 (USD MILLION) 170
TABLE 89 OPTICAL SORTER MARKET SIZE FOR MINING APPLICATION, BY PLATFORM, 2022–2027 (USD MILLION) 170
TABLE 90 OPTICAL SORTER MARKET SIZE FOR MINING APPLICATION, BY REGION, 2018–2021 (USD MILLION) 170
TABLE 91 OPTICAL SORTER MARKET SIZE FOR MINING APPLICATION, BY REGION, 2022–2027 (USD MILLION) 171
TABLE 92 OPTICAL SORTER MARKET FOR MINING APPLICATION, BY SUB-APPLICATION, 2018–2021 (USD MILLION) 171
TABLE 93 OPTICAL SORTER MARKET FOR MINING APPLICATION, BY SUB-APPLICATION, 2022–2027 (USD MILLION) 171
9.4.1 INDUSTRIAL MINERALS 172
9.4.1.1 HSI camera system has higher spectral and positional resolution that can recognize impure minerals and remove them from industrial minerals 172
9.4.2 PRECIOUS METALS 173
9.4.2.1 Optical sorters provide effective removal of contaminants from precious metals that impede the flotation and leaching processes, thus speeds up recovery and revenue 173
9.4.3 OTHERS 173
10 GEOGRAPHIC ANALYSIS 174
10.1 INTRODUCTION 175
FIGURE 54 OPTICAL SORTER MARKET IN CHINA TO REGISTER HIGHEST CAGR FROM 2022 TO 2027 175
FIGURE 55 NORTH AMERICA TO DOMINATE THE OPTICAL SORTER MARKET DURING FORECAST PERIOD 176
TABLE 94 OPTICAL SORTER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 176
TABLE 95 OPTICAL SORTER MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 176
 
10.2 NORTH AMERICA 178
FIGURE 56 NORTH AMERICA: OPTICAL SORTER MARKET SNAPSHOT 178
TABLE 96 NORTH AMERICA: OPTICAL SORTER MARKET SIZE, BY COUNTRY,
2018–2021 (USD MILLION) 179
TABLE 97 NORTH AMERICA: OPTICAL SORTER MARKET SIZE, BY COUNTRY,
2022–2027 (USD MILLION) 179
TABLE 98 NORTH AMERICA: OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION) 179
TABLE 99 NORTH AMERICA: OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION) 179
10.2.1 US 180
10.2.1.1 Increasing food processing, recycling, and mining activities in the US drive the growth of the optical sorter market 180
10.2.2 CANADA 181
10.2.2.1 Agricultural products and meat industry to boost the demand for optical sorters in Canada 181
10.2.3 MEXICO 182
10.2.3.1 Expanding economy and increasingly market-oriented agricultural sector to drive the optical sorter market in Mexico 182
10.3 EUROPE 182
FIGURE 57 EUROPE: OPTICAL SORTER MARKET SNAPSHOT 183
TABLE 100 EUROPE: OPTICAL SORTER MARKET SIZE, BY COUNTRY,
2018–2021 (USD MILLION) 184
TABLE 101 EUROPE: OPTICAL SORTER MARKET SIZE, BY COUNTRY,
2022–2027 (USD MILLION) 184
TABLE 102 EUROPE: OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION) 184
TABLE 103 EUROPE: OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION) 184
10.3.1 GERMANY 185
10.3.1.1 The initiatives of recycling waste products and mineral sorting to drive the optical sorter market in the country 185
10.3.2 UK 186
10.3.2.1 Growth in the glass recycling market will lead to the adoption of optical sorters in the UK 186
10.3.3 FRANCE 187
10.3.3.1 Rapid adoption of automation to boost the demand for optical sorters in France 187
10.3.4 REST OF EUROPE 187
10.4 ASIA PACIFIC 188
FIGURE 58 ASIA PACIFIC: OPTICAL SORTER MARKET SNAPSHOT 189
TABLE 104 ASIA PACIFIC: OPTICAL SORTER MARKET SIZE, BY COUNTRY,
2018–2021 (USD MILLION) 189
TABLE 105 ASIA PACIFIC: OPTICAL SORTER MARKET SIZE, BY COUNTRY,
2022–2027 (USD MILLION) 190
TABLE 106 ASIA PACIFIC: OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION) 190
TABLE 107 ASIA PACIFIC: OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION) 190
10.4.1 CHINA 191
10.4.1.1 Strict emission laws & environmental regulations and government focus on food safety to drive the growth of the optical sorter market in China 191
10.4.2 JAPAN 191
10.4.2.1 Agricultural production and leading waste management system in the country to drive the market for optical sorters 191
10.4.3 SOUTH KOREA 192
10.4.3.1 Adoption of food packaging by recycled material will enhance the growth opportunities for optical sorter market in South Korea 192
10.4.4 REST OF ASIA PACIFIC 192
10.5 REST OF WORLD 193
FIGURE 59 REST OF WORLD: OPTICAL SORTER MARKET SNAPSHOT 194
TABLE 108 REST OF WORLD: OPTICAL SORTER MARKET SIZE, BY REGION,
2018–2021 (USD MILLION) 194
TABLE 109 REST OF WORLD: OPTICAL SORTER MARKET SIZE, BY REGION,
2022–2027 (USD MILLION) 195
TABLE 110 REST OF WORLD: OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION) 195
TABLE 111 REST OF WORLD: OPTICAL SORTER MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION) 195
10.5.1 SOUTH AMERICA 196
10.5.1.1 The richness in raw materials, food products, and growth of mining industries to drive the demand for optical sorters in South America 196
10.5.2 MIDDLE EAST 196
10.5.2.1 Middle East accounts for the largest share of the optical sorter market in Rest of World 196
TABLE 112 MIDDLE EAST: OPTICAL SORTER MARKET SIZE, BY COUNTRY,
2018–2021 (USD MILLION) 196
TABLE 113 MIDDLE EAST: OPTICAL SORTER MARKET SIZE, BY COUNTRY,
2022–2027 (USD MILLION) 197
10.5.2.2 Saudi Arabia 197
10.5.2.2.1 Country’s rich industrial mineral market to enhance the opportunities for optical sorters in Saudi Arabia 197
10.5.2.3 UAE 197
10.5.2.3.1 The waste recycling industry to drive the growth of optical sorter market in the UAE 197
10.5.2.4 Rest OF Middle East 198
10.5.2.4.1 Middle East countries investing in waste management and recycling to drive the growth of the optical sorter market 198
10.5.3 AFRICA 198
10.5.3.1 Rapid automation initiatives in the region to drive the market for optical sorters in Africa 198
 
11 COMPETITIVE LANDSCAPE 199
11.1 OVERVIEW 199
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 199
TABLE 114 OVERVIEW OF STRATEGIES DEPLOYED BY OPTICAL SORTER COMPANIES 199
11.2.1 PRODUCT PORTFOLIO 201
11.2.2 REGIONAL FOCUS 201
11.2.3 MANUFACTURING FOOTPRINT 201
11.2.4 ORGANIC/INORGANIC PLAY 201
11.3 TOP COMPANY REVENUE ANALYSIS 202
FIGURE 60 TOTAL OPTICAL SORTER MARKET: REVENUE ANALYSIS OF TOP PLAYERS, 2017- 2021 202
11.4 MARKET SHARE ANALYSIS, 2021 203
TABLE 115 MARKET SHARE ANALYSIS, OPTICAL SORTER MARKET (2021) 203
11.5 COMPANY EVALUATION QUADRANT, 2021 205
11.5.1 STAR 205
11.5.2 EMERGING LEADER 205
11.5.3 PERVASIVE 206
11.5.4 PARTICIPANT 206
FIGURE 61 OPTICAL SORTER MARKET: COMPANY EVALUATION QUADRANT, 2021 207
11.6 STARTUP/SME EVALUATION QUADRANT, 2021 207
11.6.1 PROGRESSIVE COMPANIES 208
11.6.2 RESPONSIVE COMPANIES 208
11.6.3 DYNAMIC COMPANIES 208
11.6.4 STARTING BLOCKS 208
FIGURE 62 OPTICAL SORTER MARKET, STARTUP/SME EVALUATION QUADRANT, 2021 209
11.7 OPTICAL SORTER MARKET: COMPANY FOOTPRINT (25 COMPANIES) 210
TABLE 116 COMPANY FOOTPRINT 210
TABLE 117 COMPANY TYPE FOOTPRINT (25 COMPANIES) 211
TABLE 118 COMPANY APPLICATION FOOTPRINT (25 COMPANIES) 212
TABLE 119 COMPANY REGION FOOTPRINT (25 COMPANIES) 213
TABLE 120 OPTICAL SORTER MARKET: DETAILED LIST OF KEYS STARTUPS/SMES
(14 COMPANIES) 214
TABLE 121 OPTICAL SORTER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (14 COMPANIES) 215
11.8 COMPETITIVE SITUATIONS AND TRENDS 216
11.8.1 PRODUCT LAUNCHES 216
TABLE 122 PRODUCT LAUNCHES, JUNE 2021–OCTOBER 2021 216
11.8.2 DEALS 218
TABLE 123 DEALS, APRIL 2021–DECEMBER 2021 218
11.8.3 OTHERS 221
TABLE 124 EXPANSIONS, FEBRUARY 2020 - DECEMBER 2021 221
 
12 COMPANY PROFILES 222
(Business overview, Products/Solutions offered, Recent developments, MNM view)*
12.1 KEY PLAYERS 222
12.1.1 TOMRA 222
TABLE 125 TOMRA: BUSINESS OVERVIEW 223
FIGURE 63 TOMRA: COMPANY SNAPSHOT 223
12.1.2 BÜHLER 231
TABLE 126 BÜHLER: BUSINESS OVERVIEW 231
FIGURE 64 BÜHLER: COMPANY SNAPSHOT 232
12.1.3 HEFEI MEYER OPTOELECTRONIC TECHNOLOGY 237
TABLE 127 HEFEI MEYER OPTOELECTRONIC TECHNOLOGY: BUSINESS OVERVIEW 237
12.1.4 SATAKE 243
TABLE 128 SATAKE: BUSINESS OVERVIEW 243
12.1.5 ALLGAIER WERKE 248
TABLE 129 ALLGAIER WERKE: BUSINESS OVERVIEW 248
12.1.6 HEFEI TAIHE INTELLIGENT TECHNOLOGY GROUP 251
TABLE 130 HEFEI TAIHE INTELLIGENT TECHNOLOGY GROUP: BUSINESS OVERVIEW 252
12.1.7 KEY TECHNOLOGY 254
TABLE 131 KEY TECHNOLOGY: BUSINESS OVERVIEW 254
12.1.8 UNITEC 260
TABLE 132 UNITEC: BUSINESS OVERVIEW 260
12.1.9 AWETA 262
TABLE 133 AWETA: BUSINESS OVERVIEW 262
12.1.10 MACHINEX 266
TABLE 134 MACHINEX: BUSINESS OVERVIEW 267
12.1.11 PELLENC ST 269
TABLE 135 PELLENC ST: BUSINESS OVERVIEW 269
12.2 OTHER PLAYERS 271
12.2.1 BINDER+CO 271
12.2.2 SESOTEC 272
12.2.3 NATIONAL RECOVERY TECHNOLOGIES (NRT) 273
12.2.4 RAYTEC VISION 274
12.2.5 STEINERT 275
12.2.6 ANGELON 276
12.2.7 MAF RODA AGROBOTIC 277
12.2.8 NEWTEC 278
12.2.9 CIMBRIA 279
12.2.10 DAEWON GSI 280
12.2.11 CP GLOBAL 281
 
12.2.12 REDWAVE 282
12.2.13 ELICA ASM 283
12.2.14 TECHIK INSTRUMENT 284
*Details on Business overview, Products/Solutions offered, Recent developments, MNM view might not be captured in case of unlisted companies.
13 ADJACENT AND RELATED MARKET 285
13.1 AUTOMATED OPTICAL INSPECTION MARKET 285
13.2 INTRODUCTION 285
FIGURE 65 AOI SYSTEM MARKET, BY TYPE 285
TABLE 136 AOI SYSTEM MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2026 286
FIGURE 66 3D AOI SYSTEMS TO BE DOMINANT AND GROW FASTER DURING FORECAST PERIOD 286
TABLE 137 AOI SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION) 286
TABLE 138 AOI SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION) 287
13.3 3D AOI SYSTEMS 287
13.3.1 ABILITY TO INSPECT COPLANARITY OF COMPONENTS AND PROVIDE VOLUMETRIC MEASUREMENT DATA TO DRIVE DEMAND 287
13.3.2 METHODOLOGIES OF 3D AOI INSPECTION 288
13.3.2.1 Laser measurement 288
13.3.2.2 Multi-frequency moiré phase shift image processing 288
FIGURE 67 FUNCTIONAL DIAGRAM: 3D AOI SYSTEM 289
TABLE 139 3D AOI SYSTEM ADVANTAGES VS. DISADVANTAGES 289
TABLE 140 3D AOI SYSTEM MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 289
TABLE 141 3D AOI SYSTEM MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 290
TABLE 142 3D AOI SYSTEM MARKET, BY INDUSTRY, 2017–2020 (USD MILLION) 290
TABLE 143 3D AOI SYSTEM MARKET, BY INDUSTRY, 2021–2026 (USD MILLION) 290
TABLE 144 3D AOI SYSTEM MARKET, BY REGION, 2017–2020 (USD MILLION) 291
TABLE 145 3D AOI SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION) 291
13.4 2D AOI SYSTEMS 291
13.4.1 HIGHER RATE OF FALSE CALLS WILL LEAD TO SHRINKING DEMAND 291
FIGURE 68 FUNCTIONAL DIAGRAM: 2D AOI SYSTEM 292
TABLE 146 2D AOI SYSTEM ADVANTAGES VS. DISADVANTAGES 292
TABLE 147 2D AOI SYSTEM MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 292
TABLE 148 2D AOI SYSTEM MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 293
TABLE 149 2D AOI SYSTEM MARKET, BY INDUSTRY, 2017–2020 (USD MILLION) 293
TABLE 150 2D AOI SYSTEM MARKET, BY INDUSTRY, 2021–2026 (USD MILLION) 293
TABLE 151 2D AOI SYSTEM MARKET, BY REGION, 2017–2020 (USD MILLION) 294
TABLE 152 2D AOI SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION) 294
 
14 APPENDIX 295
14.1 INSIGHTS OF INDUSTRY EXPERTS 295
14.2 DISCUSSION GUIDE 296
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 298
14.4 AVAILABLE CUSTOMIZATIONS 300
14.5 RELATED REPORTS 300
14.6 AUTHOR DETAILS 301

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