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Industrial 3D Printing Market with COVID-19 Impact Analysis, by Offering (Printers, Materials, Software, Services), Application, Process, Technology, ...

Publisher:        MarketsandMarkets

# of Pages:        308

Rating: 

1 User License $4,950

Publication Date:  January, 2022

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1 INTRODUCTION 38
1.1 STUDY OBJECTIVES 38
1.2 MARKET DEFINITION AND SCOPE 39
1.2.1 INCLUSIONS AND EXCLUSIONS 39
1.3 STUDY SCOPE 40
FIGURE 1 INDUSTRIAL 3D PRINTING MARKET: SEGMENTATION 40
1.3.1 YEARS CONSIDERED 41
1.4 CURRENCY & PRICING 41
1.5 STAKEHOLDERS 41
1.6 SUMMARY OF CHANGES 42
2 RESEARCH METHODOLOGY 43
2.1 RESEARCH DATA 43
FIGURE 2 INDUSTRIAL 3D PRINTING MARKET: RESEARCH DESIGN 43
2.1.1 SECONDARY AND PRIMARY RESEARCH 45
2.1.1.1 Key industry insights 46
2.1.2 SECONDARY DATA 46
2.1.2.1 List of key secondary sources 46
2.1.2.2 Key data from secondary sources 47
2.1.3 PRIMARY DATA 48
2.1.3.1 Breakdown of primary interviews 48
2.1.3.2 Key data from primary sources 49
2.2 MARKET SIZE ESTIMATION 49
2.2.1 BOTTOM-UP APPROACH 50
2.2.1.1 Approach for obtaining market size using bottom-up analysis (demand side) 50
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 50
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: (DEMAMD SIDE)—IDENTIFICATION OF ASPS AND SHIPMENTS OF INDUSTRIAL 3D PRINTERS 50
2.2.2 TOP-DOWN APPROACH 51
2.2.2.1 Approach to arrive at the market size using top-down analysis (supply side) 51
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 51
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY SIDE)—ARRIVING AT TOTAL MARKET SIZE 52
2.2.3 MARKET PROJECTIONS 52
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 53
FIGURE 7 DATA TRIANGULATION 53
 
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 54
2.4.1 ASSUMPTIONS 54
2.4.2 LIMITATIONS 55
2.5 RISK ASSESSMENT 55
3 EXECUTIVE SUMMARY 57
TABLE 1 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 57
3.1 REALISTIC SCENARIO 58
3.2 OPTIMISTIC SCENARIO 58
3.3 PESSIMISTIC SCENARIO 58
FIGURE 8 GROWTH PROJECTIONS OF INDUSTRIAL 3D PRINTING MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 59
FIGURE 9 IMPACT OF COVID-19 ON INDUSTRIAL 3D PRINTING MARKET 59
FIGURE 10 PROTOTYPING APPLICATION TO DOMINATE INDUSTRIAL 3D PRINTING MARKET IN 2021 60
FIGURE 11 PRINTERS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 60
FIGURE 12 DIRECT METAL LASER SINTERING TECHNOLOGY TO LEAD INDUSTRIAL
3D PRINTING MARKET DURING FORECAST PERIOD 61
FIGURE 13 AEROSPACE & DEFENSE SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 61
FIGURE 14 NORTH AMERICA TO HOLD LARGEST SHARE OF INDUSTRIAL 3D PRINTING MARKET IN 2021 62
4 PREMIUM INSIGHTS 63
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL 3D PRINTING MARKET 63
FIGURE 15 ADVANCEMENTS IN 3D PRINTING TECHNOLOGY AND AFFORDABILITY ARE FACTORS DRIVING GROWTH OF INDUSTRIAL 3D PRINTING MARKET 63
4.2 INDUSTRIAL 3D PRINTING MARKET, BY OFFERING 64
FIGURE 16 PRINTERS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2026 64
4.3 INDUSTRIAL 3D PRINTING MARKET, BY PROCESS 64
FIGURE 17 POWDER BED FUSION PROCESS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 64
4.4 INDUSTRIAL 3D PRINTING MARKET, BY INDUSTRY 65
FIGURE 18 AEROSPACE & DEFENSE INDUSTRY TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 65
4.5 INDUSTRIAL 3D PRINTING MARKET IN NORTH AMERICA, BY OFFERING AND INDUSTRY 65
FIGURE 19 PRINTERS SEGMENT AND AEROSPACE & DEFENSE INDUSTRY HELD LARGEST SHARES OF NORTH AMERICAN INDUSTRIAL 3D PRINTING MARKET IN 2021 65
4.6 INDUSTRIAL 3D PRINTING MARKET, BY COUNTRY 66
FIGURE 20 CHINA TO REGISTER HIGHEST CAGR IN INDUSTRIAL 3D PRINTING MARKET DURING FORECAST PERIOD 66
 
5 MARKET OVERVIEW 67
5.1 INTRODUCTION 67
5.2 MARKET DYNAMICS 68
FIGURE 21 IMPACT OF DRIVERS AND OPPORTUNITIES ON INDUSTRIAL 3D PRINTING MARKET 68
FIGURE 22 IMPACT OF RESTRAINTS AND CHALLENGES ON INDUSTRIAL 3D PRINTING MARKET 69
5.2.1 DRIVERS 69
5.2.1.1 Increased focus on high-volume production using 3D printing 69
5.2.1.2 Advancements in 3D printing software 70
FIGURE 23 3D PRINTING SOFTWARE ECOSYSTEM 71
5.2.1.3 Growing demand for 3D printing services 71
5.2.1.4 Development of advanced 3D printing materials 71
5.2.2 RESTRAINTS 72
5.2.2.1 High capital requirement for additive manufacturing 72
TABLE 2 RESTRAINTS – 2017 VS. 2020 72
5.2.2.2 Lack of standardization 72
5.2.3 OPPORTUNITIES 73
5.2.3.1 Smart manufacturing with Industry 4.0 73
5.2.3.2 Increasing investments in core printing technologies and specialized software 73
FIGURE 24 SHARES OF 3D PRINTING INVESTMENTS MADE THROUGH DIFFERENT CHANNELS 73
5.2.3.3 Positive impact of COVID-19 on 3D printing market 74
5.2.4 CHALLENGES 74
5.2.4.1 Threat of copyright violation 74
5.2.4.2 Adverse impact of large-scale 3D printing on environment 74
5.3 TARIFFS AND REGULATIONS 74
5.3.1 TARIFFS RELATED TO 3D PRINTERS 74
5.4 REGULATIONS 75
5.4.1 ASTM INTERNATIONAL 75
5.4.2 ISO TC 621 77
5.5 CASE STUDIES 77
5.5.1 FRAZER-NASH USED ADDITIVE MANUFACTURING TO PRODUCE FASTENERS REQUIRED DURING AIRCRAFT ASSEMBLY 77
5.5.2 RENISHAW HELPED HIETA TO MOVE METAL ADDITIVE MANUFACTURING FROM PROTOTYPING TO COMMERCIAL PRODUCTION OF ITS HEAT EXCHANGERS 77
5.5.3 METAL 3D PRINTING USED TO DEVELOP WISHBONE COMPONENT FOR MOTO2 MOTORCYCLE 77
5.5.4 IMR, RENISHAW, AND NTOPOLOGY IMPLEMENTED ADDITIVE MANUFACTURING FOR SPINAL IMPLANTS 78
5.5.5 EGAN ADOPTED DIGITAL WORKFLOW FOR REMOVABLE PARTIAL DENTURES 78
5.5.6 LOCKHEED MARTIN 3D PRINTS FUEL TANK SIMULATION WITH HELP FROM STRATASYS DIRECT MANUFACTURING 78
5.5.7 STRATASYS DIRECT MANUFACTURING BUILT FIRST 3D PRINTED PARTS TO FUNCTION ON EXTERIOR OF SATELLITE 78
5.5.8 FORD 3D PRINTED PARTS FOR ITS MUSTANG SHELBY GT500 SPORTS CAR 79
5.5.9 NANO DIMENSION AND HARRIS CORPORATION MANUFACTURED
3D-PRINTED CIRCUIT BOARD FOR RF AMPLIFIERS 79
5.5.10 3D SYSTEMS PRODUCES ON-DEMAND MEDICAL EQUIPMENT DURING COVID-19 79
5.6 PRICING ANALYSIS 79
TABLE 3 ASP OF VARIOUS TYPES OF 3D PRINTERS BASED ON TECHNOLOGY 80
5.7 VALUE CHAIN ANALYSIS 80
FIGURE 25 VALUE CHAIN ANALYSIS OF INDUSTRIAL 3D PRINTING ECOSYSTEM: MATERIAL, SOFTWARE PROVIDERS, AND MANUFACTURING PHASES CONTRIBUTING THE MAXIMUM VALUE 80
5.8 ECOSYSTEM/MARKET MAP 82
FIGURE 26 INDUSTRIAL 3D PRINTING MARKET ECOSYSTEM 82
FIGURE 27 INDUSTRIAL 3D PRINTING MARKET PLAYER ECOSYSTEM 83
5.8.1 MATERIAL SUPPLIERS 83
5.8.1.1 Polymer providers 83
5.8.1.2 Metal providers 83
5.8.2 SOFTWARE PROVIDERS 84
5.8.3 PRINTER PROVIDERS 84
5.9 INDUSTRIAL 3D PRINTING MARKET: SUPPLY CHAIN 84
5.10 TECHNOLOGY ANALYSIS 85
TABLE 4 EMERGING 3D PRINTING TECHNOLOGIES 85
5.10.1 KEY EMERGING TECHNOLOGIES 86
5.10.1.1 Hybrid manufacturing 86
5.10.2 ADJACENT TECHNOLOGIES 86
5.10.2.1 CNC machining 86
5.11 TECHNOLOGY TRENDS 86
5.11.1 SHIFT TOWARD SERVICE PROVIDERS FOR FUNCTIONAL PARTS 87
5.11.2 DEVELOPMENT OF NEW MATERIALS IN INDUSTRIAL 3D PRINTING MARKET 87
TABLE 5 EMERGING TRENDS WITH MATERIALS IN 3D PRINTING MARKET 87
5.12 PATENT ANALYSIS 88
FIGURE 28 NUMBER OF PATENTS GRANTED FOR 3D PRINTING IN A YEAR, 2010-2020 88
FIGURE 29 TOP 10 COMPANIES WITH THE HIGHEST NUMBER OF GRANTED 3D PRINTING PATENTS IN THE LAST 10 YEARS 88
5.12.1 LIST OF MAJOR PATENTS 89
5.13 TRADE DATA 92
5.13.1 IMPORT SCENARIO 92
FIGURE 30 IMPORT DATA FOR HS CODE 8443, BY COUNTRY, 2016–2020 92
TABLE 6 IMPORT DATA FOR HS CODE 8443, BY COUNTRY, 2016–2020 (USD BILLION) 93
5.13.2 EXPORT SCENARIO 93
FIGURE 31 EXPORT DATA FOR HS CODE 8443, BY COUNTRY, 2016–2020 93
TABLE 7 EXPORT DATA FOR HS CODE 8443, BY COUNTRY, 2016–2020 (USD BILLION) 94
5.14 PORTER’S FIVE FORCES ANALYSIS 95
TABLE 8 PORTER’S FIVE FORCES IMPACT ON THE INDUSTRIAL 3D PRINTING MARKET 95
FIGURE 32 PORTER’S FIVE FORCES ANALYSIS: INDUSTRIAL 3D PRINTING MARKET 95
5.14.1 THREAT OF NEW ENTRANTS 96
5.14.2 THREAT OF SUBSTITUTES 96
5.14.3 BARGAINING POWER OF SUPPLIERS 96
5.14.4 BARGAINING POWER OF BUYERS 96
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 97
5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS 97
FIGURE 33 YC-YCC SHIFT FOR THE INDUSTRIAL 3D PRINTING MARKET 97
6 INDUSTRIAL 3D PRINTING MARKET, BY OFFERING 98
6.1 INTRODUCTION 99
FIGURE 34 INDUSTRIAL 3D PRINTING OFFERINGS 99
FIGURE 35 PRINTERS SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL 3D PRINTING MARKET DURING FORECAST PERIOD 99
TABLE 9 INDUSTRIAL 3D PRINTING MARKET, BY OFFERING,
2017–2020 (USD MILLION) 99
TABLE 10 INDUSTRIAL 3D PRINTING MARKET, BY OFFERING,
2021–2026 (USD MILLION) 100
6.2 PRINTERS 100
6.2.1 3D PRINTER IS PRIMARY HARDWARE COMPONENT USED IN INDUSTRIAL ADDITIVE MANUFACTURING 100
TABLE 11 INDUSTRIAL 3D PRINTING MARKET FOR PRINTERS, BY REGION,
2017–2020 (USD MILLION) 101
TABLE 12 INDUSTRIAL 3D PRINTING MARKET FOR PRINTERS, BY REGION,
2021–2026 (USD MILLION) 101
6.3 MATERIALS 101
6.3.1 MANUFACTURERS ARE INVESTING IN R&D FOR DEVELOPING NEW MATERIALS TO MEET GROWING DEMAND FOR 3D-PRINTED PRODUCTS 101
FIGURE 36 TYPES OF INDUSTRIAL 3D PRINTING MATERIALS 102
FIGURE 37 PLASTICS SUB-SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL
3D PRINTING MARKET FOR MATERIALS IN 2026 102
TABLE 13 INDUSTRIAL 3D PRINTING MARKET FOR MATERIALS, BY TYPE,
2017–2020 (USD MILLION) 102
TABLE 14 INDUSTRIAL 3D PRINTING MARKET FOR MATERIALS, BY TYPE,
2021–2026 (USD MILLION) 103
TABLE 15 INDUSTRIAL 3D PRINTING MARKET FOR MATERIALS, BY REGION,
2017–2020 (USD MILLION) 103
TABLE 16 INDUSTRIAL 3D PRINTING MARKET FOR MATERIALS, BY REGION,
2021–2026 (USD MILLION) 103
6.3.2 PLASTICS 104
TABLE 17 INDUSTRIAL 3D PRINTING MARKET FOR PLASTICS, BY PLASTIC MATERIAL TYPE, 2017–2020 (USD MILLION) 104
TABLE 18 INDUSTRIAL 3D PRINTING MARKET FOR PLASTICS, BY PLASTIC MATERIAL TYPE, 2021–2026 (USD MILLION) 104
6.3.2.1 Thermoplastics 104
6.3.2.1.1 Acrylonitrile butadiene styrene (ABS) 104
6.3.2.1.1.1 Acrylonitrile butadiene styrene is mainly used in form of filaments, powders, or resins in 3D printing 104
TABLE 19 GENERAL TECHNICAL SPECIFICATIONS OF ABS 105
6.3.2.1.2 Polylactic acid (PLA) 105
6.3.2.1.2.1 Polylactic acid is derived from natural resources that are not petrochemical based 105
TABLE 20 GENERAL TECHNICAL SPECIFICATIONS OF PLA 106
6.3.2.1.3 Nylon 106
6.3.2.1.3.1 Nylon filament is useful for making objects that require flexibility and strong self-bonding between layers 106
TABLE 21 GENERAL TECHNICAL SPECIFICATIONS OF NYLON 106
6.3.2.1.4 Others 107
6.3.2.1.4.1 Polypropylene 107
TABLE 22 GENERAL TECHNICAL SPECIFICATIONS OF POLYPROPYLENE 107
6.3.2.1.4.2 Polycarbonate 107
TABLE 23 GENERAL TECHNICAL SPECIFICATIONS OF POLYCARBONATE 108
6.3.2.1.4.3 Polyvinyl alcohol (PVA) 108
TABLE 24 GENERAL TECHNICAL SPECIFICATIONS OF PVA 108
6.3.2.1.5 Photopolymers 109
6.3.3 METALS 109
TABLE 25 INDUSTRIAL 3D PRINTING MARKET FOR METALS, BY TYPE,
2017–2020 (USD MILLION) 109
TABLE 26 INDUSTRIAL 3D PRINTING MARKET FOR METALS, BY TYPE,
2021–2026 (USD MILLION) 110
6.3.3.1 Steel 110
6.3.3.1.1 Stainless steel is infused with other materials such as bronze for 3D printing 110
6.3.3.2 Aluminum 110
6.3.3.2.1 Aluminum is mostly used to build complex models, small series of models, and functional models 110
6.3.3.3 Titanium 111
6.3.3.3.1 Direct metal laser sintering used to design 3D model with titanium 111
TABLE 27 INDUSTRY-WISE PROPERTIES AND APPLICATIONS OF TITANIUM 111
6.3.3.4 Alloys (Inconel and CoCr) 111
6.3.3.4.1 Parts 3D-printed with Inconel can withstand extreme environmental conditions 111
6.3.3.5 Other metals 112
6.3.3.5.1 Gold 112
6.3.3.5.1.1 Gold is mostly used for making jewelry by using wax 3D printing and lost wax casting 112
6.3.3.5.2 Silver 112
6.3.3.5.2.1 Silver is mainly used for producing jewelry and ornaments 112
6.3.3.5.3 Other metal powders 112
6.3.4 CERAMICS 112
6.3.4.1 Glass 113
6.3.4.1.1 SLS and FDM are most commonly implemented methods to 3D print objects using glass powders 113
6.3.4.2 Silica 113
6.3.4.2.1 Silica is used for polishing and grinding of glass and stones in 3D printing 113
6.3.4.3 Quartz 113
6.3.4.3.1 Quartz material is known for its thermal and chemical stability 113
6.3.4.4 Other ceramics 113
6.3.5 OTHER MATERIALS 113
6.4 SOFTWARE 114
6.4.1 SOFTWARE PROGRAMS ARE REQUIRED TO DEVELOP 3D DIGITAL MODELS 114
FIGURE 38 TYPES OF INDUSTRIAL 3D PRINTING SOFTWARE 114
FIGURE 39 PRINTING SUB-SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL
3D PRINTING MARKET FOR SOFTWARE IN 2026 114
TABLE 28 INDUSTRIAL 3D PRINTING MARKET FOR SOFTWARE, BY TYPE,
2017–2020 (USD MILLION) 115
TABLE 29 INDUSTRIAL 3D PRINTING MARKET FOR SOFTWARE, BY TYPE,
2021–2026 (USD MILLION) 115
TABLE 30 INDUSTRIAL 3D PRINTING MARKET FOR SOFTWARE, BY REGION,
2017–2020 (USD MILLION) 115
TABLE 31 INDUSTRIAL 3D PRINTING MARKET FOR SOFTWARE, BY REGION,
2021–2026 (USD MILLION) 116
6.4.2 DESIGN SOFTWARE 116
6.4.2.1 Design software in industrial 3D printing is used to create parts, assemblies, and drawings 116
6.4.3 INSPECTION SOFTWARE 117
6.4.3.1 Inspection software is developed to check compliance of 3D-printed products with required specifications 117
6.4.4 PRINTING SOFTWARE 117
6.4.4.1 Printing software ensures high precision of parts developed
via printers 117
6.4.5 SCANNING SOFTWARE 117
6.4.5.1 Scanning software allows users to scan physical objects and create digital models or designs 117
6.5 SERVICES 117
6.5.1 3D PRINTING TECHNOLOGY IS CHANGING HOW COMPANIES PRODUCE AND ADD VALUE TO THEIR PRODUCTS THROUGH SERVICES 117
FIGURE 40 TYPES OF INDUSTRIAL 3D PRINTING SERVICES 118
FIGURE 41 MANUFACTURING SOLUTION SEGMENT TO HOLD LARGER SHARE OF INDUSTRIAL 3D PRINTING MARKET FOR SERVICES IN 2021 118
TABLE 32 INDUSTRIAL 3D PRINTING MARKET FOR SERVICES, BY TYPE,
2017–2020 (USD MILLION) 118
TABLE 33 INDUSTRIAL 3D PRINTING MARKET FOR SERVICES, BY TYPE,
2021–2026 (USD MILLION) 119
TABLE 34 INDUSTRIAL 3D PRINTING MARKET FOR SERVICES, BY REGION,
2017–2020 (USD MILLION) 119
TABLE 35 INDUSTRIAL 3D PRINTING MARKET FOR SERVICES, BY REGION,
2021–2026 (USD MILLION) 119
6.5.2 MANUFACTURING SERVICES 120
6.5.2.1 Manufacturing services include technical services, training services, quality management services, applications, and R&D services 120
6.5.3 CONSULTING SERVICES 120
6.5.3.1 Consulting services help manufacturing companies set up production facilities and assess product performance and quality 120
6.6 IMPACT OF COVID-19 ON 3D PRINTER OFFERINGS 120
6.6.1 MOST-AFFECTED SEGMENT 120
6.6.2 LEAST-AFFECTED SEGMENT 120
7 INDUSTRIAL 3D PRINTING MARKET, BY PROCESS 121
7.1 INTRODUCTION 122
FIGURE 42 INDUSTRIAL 3D PRINTING MARKET, BY PROCESS 122
FIGURE 43 POWDER BED FUSION PROCESS TO HOLD LARGEST SHARE OF INDUSTRIAL 3D PRINTING MARKET DURING FORECAST PERIOD 123
TABLE 36 INDUSTRIAL 3D PRINTING MARKET, BY PROCESS,
2017–2020 (USD MILLION) 123
TABLE 37 INDUSTRIAL 3D PRINTING MARKET, BY PROCESS,
2021–2026 (USD MILLION) 123
7.2 BINDER JETTING 124
7.2.1 BINDER JETTING WORKS WITH ALL TYPES OF MATERIALS AVAILABLE IN POWDERED FORMS 124
FIGURE 44 BINDER JETTING PROCESS 125
TABLE 38 INDUSTRIAL 3D PRINTING MARKET FOR BINDER JETTING, BY APPLICATION, 2017–2020 (USD MILLION) 125
TABLE 39 INDUSTRIAL 3D PRINTING MARKET FOR BINDER JETTING, BY APPLICATION, 2021–2026 (USD MILLION) 125
7.3 DIRECT ENERGY DEPOSITION 126
7.3.1 DIRECT ENERGY DEPOSITION MACHINE HAS HEAD THAT CONSISTS OF NOZZLE AFFIXED TO MULTI-AXIS ARM 126
FIGURE 45 DIRECT ENERGY DEPOSITION PROCESS 126
TABLE 40 INDUSTRIAL 3D PRINTING MARKET FOR DIRECT ENERGY DEPOSITION,
BY APPLICATION, 2017–2020 (USD MILLION) 126
TABLE 41 INDUSTRIAL 3D PRINTING MARKET FOR DIRECT ENERGY DEPOSITION,
BY APPLICATION, 2021–2026 (USD MILLION) 127
7.4 MATERIAL EXTRUSION 127
7.4.1 FUSED DEPOSITION MODELING (FDM) IS USED IN MATERIAL EXTRUSION PROCESS 127
FIGURE 46 MATERIAL EXTRUSION PROCESS 127
TABLE 42 INDUSTRIAL 3D PRINTING MARKET FOR MATERIAL EXTRUSION,
BY APPLICATION, 2017–2020 (USD MILLION) 128
TABLE 43 INDUSTRIAL 3D PRINTING MARKET FOR MATERIAL EXTRUSION,
BY APPLICATION, 2021–2026 (USD MILLION) 128
7.5 MATERIAL JETTING 128
7.5.1 MATERIAL JETTING IS ALSO KNOWN AS MULTI-JET MODELING, DROP ON DEMAND, THERMOJET, INKJET PRINTING, AND PHOTOPOLYMER JETTING 128
FIGURE 47 MATERIAL JETTING PROCESS 129
TABLE 44 INDUSTRIAL 3D PRINTING MARKET FOR MATERIAL JETTING, BY APPLICATION, 2017–2020 (USD MILLION) 129
TABLE 45 INDUSTRIAL 3D PRINTING MARKET FOR MATERIAL JETTING, BY APPLICATION, 2021–2026 (USD MILLION) 129
7.6 POWDER BED FUSION 130
7.6.1 POWDER BED FUSION PROCESS USES ELECTRON OR LASER BEAMS TO MELT AND FUSE MATERIAL POWDERS 130
FIGURE 48 POWDER BED FUSION PROCESS 130
TABLE 46 INDUSTRIAL 3D PRINTING MARKET FOR POWDER BED FUSION,
BY APPLICATION, 2017–2020 (USD MILLION) 130
TABLE 47 INDUSTRIAL 3D PRINTING MARKET FOR POWDER BED FUSION,
BY APPLICATION, 2021–2026 (USD MILLION) 131
7.7 SHEET LAMINATION 131
7.7.1 SHEET LAMINATION PROCESS IS MOSTLY USED WHEN METAL OR PAPER IS USED AS PRINTING MATERIAL 131
FIGURE 49 SHEET LAMINATION PROCESS 131
TABLE 48 INDUSTRIAL 3D PRINTING MARKET FOR SHEET LAMINATION,
BY APPLICATION, 2017–2020 (USD MILLION) 132
TABLE 49 INDUSTRIAL 3D PRINTING MARKET FOR SHEET LAMINATION,
BY APPLICATION, 2021–2026 (USD MILLION) 132
7.8 VAT PHOTOPOLYMERIZATION 132
7.8.1 VAT PHOTOPOLYMERIZATION PROCESS USES STEREOLITHOGRAPHY AND DIGITAL LIGHT PROCESSING TECHNOLOGIES 132
FIGURE 50 VAT PHOTOPOLYMERIZATION PROCESS 133
TABLE 50 INDUSTRIAL 3D PRINTING MARKET FOR VAT PHOTOPOLYMERIZATION,
BY APPLICATION, 2017–2020 (USD MILLION) 133
TABLE 51 INDUSTRIAL 3D PRINTING MARKET FOR VAT PHOTOPOLYMERIZATION,
BY APPLICATION, 2021–2026 (USD MILLION) 133
8 INDUSTRIAL 3D PRINTING MARKET, BY TECHNOLOGY 134
8.1 INTRODUCTION 135
FIGURE 51 INDUSTRIAL 3D PRINTING TECHNOLOGIES 135
FIGURE 52 DIRECT METAL LASER SINTERING TECHNOLOGY TO LEAD INDUSTRIAL
3D PRINTING MARKET DURING FORECAST PERIOD 136
TABLE 52 INDUSTRIAL 3D PRINTING MARKET, BY TECHNOLOGY,
2017–2020 (USD MILLION) 136
TABLE 53 INDUSTRIAL 3D PRINTING MARKET, BY TECHNOLOGY,
2021–2026 (USD MILLION) 137
TABLE 54 INDUSTRIAL 3D PRINTING MARKET, BY TECHNOLOGY, 2017–2020 (UNITS) 137
TABLE 55 INDUSTRIAL 3D PRINTING MARKET, BY TECHNOLOGY, 2021–2026 (UNITS) 138
8.2 STEREOLITHOGRAPHY 139
8.2.1 STEREOLITHOGRAPHY USES UV LASERS TO CURE AND SOLIDIFY THIN LAYERS OF PHOTO-REACTIVE RESIN 139
8.2.2 ADVANTAGES AND DISADVANTAGES OF STEREOLITHOGRAPHY 3D PRINTERS 139
TABLE 56 INDUSTRIAL 3D PRINTING MARKET FOR STEREOLITHOGRAPHY,
BY APPLICATION, 2017–2020 (USD MILLION) 140
TABLE 57 INDUSTRIAL 3D PRINTING MARKET FOR STEREOLITHOGRAPHY,
BY APPLICATION, 2021–2026 (USD MILLION) 140
8.3 FUSED DEPOSITION MODELING (FDM) 140
8.3.1 FDM IS HIGHLY USED TO CREATE CONCEPT MODELS AND FUNCTIONAL PARTS 140
8.3.2 ADVANTAGES AND DISADVANTAGES OF FUSED DEPOSITION MODELING TECHNOLOGY 140
TABLE 58 INDUSTRIAL 3D PRINTING MARKET FOR FDM, BY APPLICATION,
2017–2020 (USD MILLION) 141
TABLE 59 INDUSTRIAL 3D PRINTING MARKET FOR FDM, BY APPLICATION,
2021–2026 (USD MILLION) 141
8.4 SELECTIVE LASER SINTERING (SLS) 142
8.4.1 SELECTIVE LASER SINTERING 3D PRINTING TECHNOLOGY USES LASER BEAM TO FUSE POWDERED THERMOPLASTICS 142
8.4.2 ADVANTAGES AND DISADVANTAGES OF SELECTIVE LASER SINTERING 142
TABLE 60 INDUSTRIAL 3D PRINTING MARKET FOR SLS, BY APPLICATION,
2017–2020 (USD MILLION) 142
TABLE 61 INDUSTRIAL 3D PRINTING MARKET FOR SLS, BY APPLICATION,
2021–2026 (USD MILLION) 143
8.5 DIRECT METAL LASER SINTERING (DMLS) 143
8.5.1 DIRECT METAL LASER SINTERING IS USED FOR BUILDING METALLIC OBJECTS 143
8.5.2 ADVANTAGES AND DISADVANTAGES OF DIRECT METAL LASER SINTERING 143
TABLE 62 INDUSTRIAL 3D PRINTING MARKET FOR DMLS, BY APPLICATION,
2017–2020 (USD MILLION) 144
TABLE 63 INDUSTRIAL 3D PRINTING MARKET FOR DMLS, BY APPLICATION,
2021–2026 (USD MILLION) 144
8.6 POLYJET PRINTING 144
8.6.1 POLYJET 3D PRINTING TECHNOLOGY IS USED TO DEVELOP MODELS WITH INTRICATE DETAILS AND COMPLEX GEOMETRIES 144
8.6.2 ADVANTAGES AND DISADVANTAGES OF POLYJET PRINTING 145
TABLE 64 INDUSTRIAL 3D PRINTING MARKET FOR POLYJET PRINTING, BY APPLICATION, 2017–2020 (USD MILLION) 145
TABLE 65 INDUSTRIAL 3D PRINTING MARKET FOR POLYJET PRINTING, BY APPLICATION, 2021–2026 (USD MILLION) 145
8.7 INKJET PRINTING 146
8.7.1 INKJET 3D PRINTING INVOLVES SELECTIVE DEPOSITION OF LIQUID BINDING AGENT TO JOIN POWDER PARTICLES 146
8.7.2 ADVANTAGES AND DISADVANTAGES OF INKJET PRINTING 146
TABLE 66 INDUSTRIAL 3D PRINTING MARKET FOR INKJET PRINTING, BY APPLICATION, 2017–2020 (USD MILLION) 146
TABLE 67 INDUSTRIAL 3D PRINTING MARKET FOR INKJET PRINTING, BY APPLICATION, 2021–2026 (USD MILLION) 147
 
8.8 ELECTRON BEAM MELTING (EBM) 147
8.8.1 ELECTRON BEAM MELTING TECHNOLOGY PRODUCES HIGH-DENSITY PARTS AND HAVE RELATIVELY GOOD MECHANICAL PROPERTIES 147
8.8.2 ADVANTAGES AND DISADVANTAGES OF ELECTRON BEAM MELTING 147
TABLE 68 INDUSTRIAL 3D PRINTING MARKET FOR EBM, BY APPLICATION,
2017–2020 (USD MILLION) 147
TABLE 69 INDUSTRIAL 3D PRINTING MARKET FOR EBM, BY APPLICATION,
2021–2026 (USD MILLION) 148
8.9 LASER METAL DEPOSITION (LMD) 148
8.9.1 LASER METAL DEPOSITION TECHNOLOGY INVOLVES REPAIR, CLADDING, AND PRODUCTION OF PARTS 148
8.9.2 ADVANTAGES AND DISADVANTAGES OF LASER METAL DEPOSITION 148
TABLE 70 INDUSTRIAL 3D PRINTING MARKET FOR LMD, BY APPLICATION,
2017–2020 (USD MILLION) 149
TABLE 71 INDUSTRIAL 3D PRINTING MARKET FOR LMD, BY APPLICATION,
2021–2026 (USD MILLION) 149
8.10 DIGITAL LIGHT PROCESSING (DLP) 149
8.10.1 DLP 3D PRINTING TECHNOLOGY IS SIMILAR TO STEREOLITHOGRAPHY AS BOTH TECHNOLOGIES USE PHOTOPOLYMERS AS MATERIALS 149
8.10.2 ADVANTAGES AND DISADVANTAGES OF DIGITAL LIGHT PROCESSING 149
TABLE 72 INDUSTRIAL 3D PRINTING MARKET FOR DLP, BY APPLICATION,
2017–2020 (USD MILLION) 150
TABLE 73 INDUSTRIAL 3D PRINTING MARKET FOR DLP, BY APPLICATION,
2021–2026 (USD MILLION) 150
8.11 LAMINATED OBJECT MANUFACTURING (LOM) 150
8.11.1 LAMINATED OBJECT MANUFACTURING USES SHEET LAMINATION PROCESS THAT INVOLVES PAPER AS PRINTING MATERIAL AND ADHESIVES FOR BINDING SHEETS 150
8.11.2 ADVANTAGES AND DISADVANTAGES OF LAMINATED OBJECT MANUFACTURING 150
TABLE 74 INDUSTRIAL 3D PRINTING MARKET FOR LOM, BY APPLICATION,
2017–2020 (USD MILLION) 151
TABLE 75 INDUSTRIAL 3D PRINTING MARKET FOR LOM, BY APPLICATION,
2021–2026 (USD MILLION) 151
8.12 OTHERS 151
TABLE 76 INDUSTRIAL 3D PRINTING MARKET FOR OTHERS, BY APPLICATION,
2017–2020 (USD MILLION) 151
TABLE 77 INDUSTRIAL 3D PRINTING MARKET FOR OTHERS, BY APPLICATION,
2021–2026 (USD MILLION) 152
9 INDUSTRIAL 3D PRINTING MARKET, BY APPLICATION 153
9.1 INTRODUCTION 154
FIGURE 53 INDUSTRIAL 3D PRINTING MARKET, BY APPLICATION 154
FIGURE 54 PROTOTYPING APPLICATION SEGMENT TO HOLD LARGER SHARE OF INDUSTRIAL 3D PRINTING MARKET DURING FORECAST PERIOD 154
TABLE 78 INDUSTRIAL 3D PRINTING MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 155
TABLE 79 INDUSTRIAL 3D PRINTING MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 155
9.2 PROTOTYPING 156
9.2.1 PROTOTYPING IS BECOMING GLOBALLY ACCEPTED METHODOLOGY IN INDUSTRIAL MANUFACTURING PROCESSES 156
TABLE 80 INDUSTRIAL 3D PRINTING MARKET FOR PROTOTYPING, BY INDUSTRY, 2017–2020 (USD MILLION) 157
TABLE 81 INDUSTRIAL 3D PRINTING MARKET FOR PROTOTYPING, BY INDUSTRY, 2021–2026 (USD MILLION) 157
TABLE 82 INDUSTRIAL 3D PRINTING MARKET FOR PROTOTYPING, BY TECHNOLOGY, 2017–2020 (USD MILLION) 158
TABLE 83 INDUSTRIAL 3D PRINTING MARKET FOR PROTOTYPING, BY TECHNOLOGY, 2021–2026 (USD MILLION) 158
TABLE 84 INDUSTRIAL 3D PRINTING MARKET FOR PROTOTYPING, BY PROCESS,
2017–2020 (USD MILLION) 159
TABLE 85 INDUSTRIAL 3D PRINTING MARKET FOR PROTOTYPING, BY PROCESS,
2021–2026 (USD MILLION) 159
9.3 MANUFACTURING 159
9.3.1 3D PRINTING ENABLES INEXPENSIVE MANUFACTURING OF PRODUCTS IN SMALLER VOLUMES 159
TABLE 86 INDUSTRIAL 3D PRINTING MARKET FOR MANUFACTURING, BY INDUSTRY, 2017–2020 (USD MILLION) 160
TABLE 87 INDUSTRIAL 3D PRINTING MARKET FOR MANUFACTURING, BY INDUSTRY, 2021–2026 (USD MILLION) 161
TABLE 88 INDUSTRIAL 3D PRINTING MARKET FOR MANUFACTURING, BY TECHNOLOGY, 2017–2020 (USD MILLION) 161
TABLE 89 INDUSTRIAL 3D PRINTING MARKET FOR MANUFACTURING, BY TECHNOLOGY, 2021–2026 (USD MILLION) 162
TABLE 90 INDUSTRIAL 3D PRINTING MARKET FOR MANUFACTURING, BY PROCESS, 2017–2020 (USD MILLION) 162
TABLE 91 INDUSTRIAL 3D PRINTING MARKET FOR MANUFACTURING, BY PROCESS, 2021–2026 (USD MILLION) 163
10 INDUSTRIAL 3D PRINTING MARKET, BY INDUSTRY 164
10.1 INTRODUCTION 165
FIGURE 55 INDUSTRIES IN INDUSTRIAL 3D PRINTING MARKET 165
FIGURE 56 AEROSPACE & DEFENSE INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL 3D PRINTING MARKET DURING FORECAST PERIOD 166
TABLE 92 INDUSTRIAL 3D PRINTING MARKET, BY INDUSTRY,
2017–2020 (USD MILLION) 166
TABLE 93 INDUSTRIAL 3D PRINTING MARKET, BY INDUSTRY,
2021–2026 (USD MILLION) 167
10.2 AUTOMOTIVE 168
10.2.1 PROTOTYPING IS BECOMING GLOBALLY ACCEPTED METHODOLOGY IN INDUSTRIAL MANUFACTURING PROCESS 168
TABLE 94 INDUSTRIAL 3D PRINTING MARKET FOR AUTOMOTIVE INDUSTRY,
BY APPLICATION, 2017–2020 (USD MILLION) 169
TABLE 95 INDUSTRIAL 3D PRINTING MARKET FOR AUTOMOTIVE INDUSTRY,
BY APPLICATION, 2021–2026 (USD MILLION) 169
TABLE 96 INDUSTRIAL 3D PRINTING MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 169
TABLE 97 INDUSTRIAL 3D PRINTING MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 169
10.3 AEROSPACE & DEFENSE 170
10.3.1 3D PRINTING ALLOWS FOR RELATIVELY INEXPENSIVE PRODUCTION OF PRODUCTS IN SMALLER VOLUMES 170
TABLE 98 3D PRINTING OFFERINGS FOR AEROSPACE & DEFENSE INDUSTRY 170
TABLE 99 INDUSTRIAL 3D PRINTING MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY APPLICATION, 2017–2020 (USD MILLION) 171
TABLE 100 INDUSTRIAL 3D PRINTING MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY APPLICATION, 2021–2026 (USD MILLION) 171
TABLE 101 INDUSTRIAL 3D PRINTING MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 171
TABLE 102 INDUSTRIAL 3D PRINTING MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 172
10.4 FOOD & CULINARY 172
10.4.1 3D PRINTING HELPS TO CREATE COMPLEX SHAPES USED IN FOOD & CULINARY INDUSTRY 172
TABLE 103 3D PRINTERS DESIGNED FOR FOOD MANUFACTURING 172
TABLE 104 INDUSTRIAL 3D PRINTING MARKET FOR FOOD & CULINARY INDUSTRY,
BY APPLICATION, 2017–2020 (USD MILLION) 173
TABLE 105 INDUSTRIAL 3D PRINTING MARKET FOR FOOD & CULINARY INDUSTRY,
BY APPLICATION, 2021–2026 (USD MILLION) 173
TABLE 106 INDUSTRIAL 3D PRINTING MARKET FOR FOOD & CULINARY INDUSTRY,
BY REGION, 2017–2020 (USD MILLION) 173
TABLE 107 INDUSTRIAL 3D PRINTING MARKET FOR FOOD & CULINARY INDUSTRY,
BY REGION, 2021–2026 (USD MILLION) 173
10.5 PRINTED ELECTRONICS 174
10.5.1 3D PRINTING ALLOWS FOR RELATIVELY INEXPENSIVE PRODUCTION OF PRODUCTS IN SMALLER VOLUMES 174
TABLE 108 INDUSTRIAL 3D PRINTING MARKET FOR PRINTED ELECTRONICS INDUSTRY, BY APPLICATION, 2017–2020 (USD MILLION) 174
TABLE 109 INDUSTRIAL 3D PRINTING MARKET FOR PRINTED ELECTRONICS INDUSTRY, BY APPLICATION, 2021–2026 (USD MILLION) 175
TABLE 110 INDUSTRIAL 3D PRINTING MARKET FOR PRINTED ELECTRONICS INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 175
TABLE 111 INDUSTRIAL 3D PRINTING MARKET FOR PRINTED ELECTRONICS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 175
10.6 FOUNDRY & FORGING 176
10.6.1 3D PRINTING HAS EMERGED AS ESTABLISHED TECHNOLOGY IN FOUNDRY INDUSTRY 176
TABLE 112 INDUSTRIAL 3D PRINTING MARKET FOR FOUNDRY & FORGING INDUSTRY,
BY APPLICATION, 2017–2020 (USD MILLION) 176
TABLE 113 INDUSTRIAL 3D PRINTING MARKET FOR FOUNDRY & FORGING INDUSTRY,
BY APPLICATION, 2021–2026 (USD MILLION) 176
TABLE 114 INDUSTRIAL 3D PRINTING MARKET FOR FOUNDRY & FORGING INDUSTRY,
BY REGION, 2017–2020 (USD MILLION) 177
TABLE 115 INDUSTRIAL 3D PRINTING MARKET FOR FOUNDRY & FORGING INDUSTRY,
BY REGION, 2021–2026 (USD MILLION) 177
10.7 HEALTHCARE 177
10.7.1 METALS, POLYMERS, AND CERAMICS ARE WIDELY USED 3D PRINTING MATERIALS IN HEALTHCARE INDUSTRY 177
TABLE 116 INDUSTRIAL 3D PRINTING MARKET FOR HEALTHCARE INDUSTRY,
BY APPLICATION, 2017–2020 (USD MILLION) 178
TABLE 117 INDUSTRIAL 3D PRINTING MARKET FOR HEALTHCARE INDUSTRY,
BY APPLICATION, 2021–2026 (USD MILLION) 178
TABLE 118 INDUSTRIAL 3D PRINTING MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 179
TABLE 119 INDUSTRIAL 3D PRINTING MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 179
10.8 JEWELRY 179
10.8.1 JEWELERS USE CAD AND HIGH-RESOLUTION 3D PRINTERS TO CREATE
3D-PRINTED PATTERNS 179
TABLE 120 3D PRINTERS DESIGNED FOR JEWELRY MANUFACTURING 180
TABLE 121 INDUSTRIAL 3D PRINTING MARKET FOR JEWELRY INDUSTRY,
BY APPLICATION, 2017–2020 (USD MILLION) 180
TABLE 122 INDUSTRIAL 3D PRINTING MARKET FOR JEWELRY INDUSTRY,
BY APPLICATION, 2021–2026 (USD MILLION) 181
TABLE 123 INDUSTRIAL 3D PRINTING MARKET FOR JEWELRY INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 181
TABLE 124 INDUSTRIAL 3D PRINTING MARKET FOR JEWELRY INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 181
10.9 OIL & GAS 182
10.9.1 3D PRINTING IS USED TO MAKE PARTS USED IN OIL & GAS INDUSTRY THAT EXHIBIT CHEMICAL AND HEAT RESISTANCE 182
TABLE 125 INDUSTRIAL 3D PRINTING MARKET FOR OIL & GAS INDUSTRY,
BY APPLICATION, 2017–2020 (USD MILLION) 182
TABLE 126 INDUSTRIAL 3D PRINTING MARKET FOR OIL & GAS INDUSTRY,
BY APPLICATION, 2021–2026 (USD MILLION) 183
TABLE 127 INDUSTRIAL 3D PRINTING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 183
TABLE 128 INDUSTRIAL 3D PRINTING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 183
10.10 CONSUMER GOODS 184
10.10.1 3D PRINTING ALLOWS TO ACHIEVE HIGH DESIGN FREEDOM IN MAKING COMPLEX GEOMETRIES 184
TABLE 129 INDUSTRIAL 3D PRINTING MARKET FOR CONSUMER GOODS INDUSTRY,
BY APPLICATION, 2017–2020 (USD MILLION) 184
TABLE 130 INDUSTRIAL 3D PRINTING MARKET FOR CONSUMER GOODS INDUSTRY,
BY APPLICATION, 2021–2026 (USD MILLION) 185
TABLE 131 INDUSTRIAL 3D PRINTING MARKET FOR CONSUMER GOODS INDUSTRY,
BY REGION, 2017–2020 (USD MILLION) 185
TABLE 132 INDUSTRIAL 3D PRINTING MARKET FOR CONSUMER GOODS INDUSTRY,
BY REGION, 2021–2026 (USD MILLION) 185
10.11 OTHERS 186
TABLE 133 INDUSTRIAL 3D PRINTING MARKET FOR OTHER INDUSTRIES,
BY APPLICATION, 2017–2020 (USD MILLION) 186
TABLE 134 INDUSTRIAL 3D PRINTING MARKET FOR OTHER INDUSTRIES,
BY APPLICATION, 2021–2026 (USD MILLION) 186
TABLE 135 INDUSTRIAL 3D PRINTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION) 187
TABLE 136 INDUSTRIAL 3D PRINTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION) 187
10.12 IMPACT COVID-19 PANDEMIC ON VARIOUS INDUSTRIES 187
10.12.1 MOST-AFFECTED INDUSTRY 187
10.12.2 LEAST-AFFECTED INDUSTRY 188

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

Publisher:        MarketsandMarkets

# of Pages:        230

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1 User License $4,950

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