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Published Date: 2016-03-14Number of Pages: 117

Digital Door Lock Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Security Concerns amongst MSMEs Drive Market

The emergence of micro, small, and medium-sized enterprises (MSMEs) has led to a rise in remarkable rise in the employment across the globe. It has also generated a considerable investment in IT equipment to run organizations and facilitated the climb back to the normalcy of several financial institutions after the economic slowdown. In order to protect the positive outcomes of the burgeoning ecosystem of startups, digital door lock systems are being designed and developed. Thus, the growth of MSMEs is directly proportional to the increasing revenues of the digital door lock systems providers.

According to a research report published by Transparency Market Research, the opportunity in the global market will soar to US$8.36 bn by 2023 from US$0.73 bn in 2014, as the market records a 31.8% CAGR. As players in the market cater to the demand for holistic security solutions that are merged with mobile technologies, they have opened up a new dimension of locking systems. Furthermore, the adoption of cloud-based technologies and Bluetooth technologies is also anticipated to revolutionize the market and lure in more customers in the near future.

Commercial Segment to Remain at Forefront

The commercial segment is the largest end-user segment of the global market. As of 2014, it accounted for nearly 37.7% of the overall market. Analysts at TMR predict that as startups grow in number, augmenting the IT wave and the overall sector, they are expected to make a generous contribution of the commercial segment. The popularly used technology to safeguard spaces is the fingerprint technology.

The fingerprint recognition locking systems held a dominant share of 77.0% in 2014. This biggest advantage of this biometric is its pricing and minimal storage space. Furthermore, fingerprint biometrics do not require excessive power and remain resistant to temperature changes, lighting, and rough handling, which will also propel this technology segment in the forecast period.

Smarter Living Options Propel North America Market

The report highlights North America as one of the leading geographical segments and attributes it to the growing concerns about safety. The rising rate of crime and terrorism has become the underlying factor in North America for the growing adoption of high-tech digital door lock systems. In order to reduce the chances of thefts and burglaries, both commercial and residential sector are equipping their spaces with advanced locking systems.

North America is anticipated to retain its leading stance due to the high penetration of the internet, higher literacy as compared to other regions of the world, increasing disposable incomes, and availability of smart living options to consumers. The introduction of features such as camera, sensors, security alarms, and electronic locking systems that are compatible with smart phones will also play a key role in augmenting this geographical market.

Some of the important players operating in the global digital door lock systems market are Godrej & Boyce Manufacturing Company Ltd., Honeywell International Inc., Assa Abloy Group, Cisco Systems, Inc., Siemens AG, United Technologies Corporation, Panasonic Corporation, Vivint, Inc., Nestwell Technologies, Hanman International Pte Ltd., Tyco International Ltd., and Hitachi, Ltd. The strategies adopted by these companies to stay ahead in the competition are increasing their geographical reach and improving their line of productions with automated locking systems.

1. Preface
    1.1. Research Scope
    1.2. Market Segmentation
    1.3. Research Methodology

2. Executive Summary
    2.1. Global Digital Door Lock Systems Market Snapshot
    2.2. Global Digital Door Lock Systems Market Revenue, 2013 – 2023 (US$ Mn) and Year-on-Year Growth (%)

3. Global Digital Door Lock Systems Market Analysis, 2013 – 2023 (US$ Mn) (Mn Units)
    3.1. Key Trends Analysis
    3.2. Market Dynamics
          3.2.1. Drivers
          3.2.2. Restraints
          3.2.3. Opportunities
    3.3. Value Chain Analysis : Global Digital Door Lock Systems Market
    3.4. Porter’s Five Forces Analysis : Global Digital Door Lock Systems Market
    3.5. Global Digital Door Lock Systems Market Analysis, By Type, 2013 – 2023 (US$ Mn)
          3.5.1. Overview
                  3.5.1.1. Segment Share, 2014 and 2023 (%)
          3.5.2. Biometrics
                  3.5.2.1. Face Recognition
                  3.5.2.2. Iris Recognition
                  3.5.2.3. Palm Recognition
                  3.5.2.4. Voice Recognition
                  3.5.2.5. Signature Recognition
                  3.5.2.6. Fingerprint Recognition
          3.5.3. Keypad Locks
                  3.5.3.1. Magnetic Stripe Locks
                  3.5.3.2. Electromechanical Door Locks
                  3.5.3.3. Electric Strike Locks
    3.6. Global Digital Door Lock Systems Market Analysis, By End-use Adoption, 2013 – 2023 (US$ Mn) (Mn Units)
          3.6.1. Overview
                  3.6.1.1. Segment Share, 2014 and 2023 (%)
          3.6.2. Government
          3.6.3. Commercial
          3.6.4. Industrial
          3.6.5. Residential
    3.7. Global Digital Door Lock Systems Market Analysis, By Geography, 2013 – 2023 (US$ Mn) (Mn Units)
          3.7.1. Overview
                  3.7.1.1. Segment Share, 2014 and 2023 (%)
          3.7.2. North America
                  3.7.2.1. Overview
                  3.7.2.2. Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 - 2023
          3.7.3. Europe
                  3.7.3.1. Overview
                  3.7.3.2. Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 - 2023
          3.7.4. Asia Pacific
                  3.7.4.1. Overview
                  3.7.4.2. Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 - 2023
          3.7.5. Middle East and Africa (MEA)
                  3.7.5.1. Overview
                  3.7.5.2. Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 - 2023
          3.7.6. Latin America
                  3.7.6.1. Overview
                  3.7.6.2. Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 - 2023
    3.8. Competitive Landscape
          3.8.1. Market Positioning of Key Players, 2014
          3.8.2. Competitive Strategies Adopted by Leading Players
          3.8.3. Recommendations

4. North America Digital Door Lock Systems Market Analysis, 2013 – 2023 (US$ Mn) (Mn Units)
    4.1. Market Dynamics and Trends
    4.2. North America Digital Door Lock Systems Market Analysis, By Type, 2013 – 2023 (US$ Mn) (Mn Units)
          4.2.1. Overview
          4.2.2. Biometrics
                  4.2.2.1. Face Recognition
                  4.2.2.2. Iris Recognition
                  4.2.2.3. Palm Recognition
                  4.2.2.4. Voice Recognition
                  4.2.2.5. Signature Recognition
                  4.2.2.6. Fingerprint Recognition
          4.2.3. Keypad Locks
                  4.2.3.1. Magnetic Stripe Locks
                  4.2.3.2. Electromechanical Door Locks
                  4.2.3.3. Electric Strike Locks
    4.3. North America Digital Door Lock Systems Market Analysis, By End-use Adoption, 2013 – 2023 (US$ Mn) (Mn Units)
          4.3.1. Overview
          4.3.2. Government
          4.3.3. Commercial
          4.3.4. Industrial
          4.3.5. Residential
    4.4. North America Digital Door Lock Systems Market Analysis, By Country, 2013 – 2023 (US$ Mn) (Mn Units)
          4.4.1. Overview
          4.4.2. U.S.
          4.4.3. Rest of North America

5. Europe Digital Door Lock Systems Market Analysis, 2013 – 2023 (US$ Mn) (Mn Units)
    5.1. Market Dynamics and Trends
    5.2. Europe Digital Door Lock Systems Market Analysis, By Type, 2013 – 2023 (US$ Mn) (Mn Units)
          5.2.1. Overview
          5.2.2. Biometrics
                  5.2.2.1. Face Recognition
                  5.2.2.2. Iris Recognition
                  5.2.2.3. Palm Recognition
                  5.2.2.4. Voice Recognition
                  5.2.2.5. Signature Recognition
                  5.2.2.6. Fingerprint Recognition
          5.2.3. Keypad Locks
                  5.2.3.1. Magnetic Stripe Locks
                  5.2.3.2. Electromechanical Door Locks
                  5.2.3.3. Electric Strike Locks
    5.3. Europe Digital Door Lock Systems Market Analysis, By End-use Adoption, 2013 – 2023 (US$ Mn) (Mn Units)
          5.3.1. Overview
          5.3.2. Government
          5.3.3. Commercial
          5.3.4. Industrial
          5.3.5. Residential
    5.4. Europe Digital Door Lock Systems Market Analysis, By Country, 2013 – 2023 (US$ Mn) (Mn Units)
          5.4.1. Overview
          5.4.2. EU5 (UK, Germany, France, Italy, Spain)
          5.4.3. CIS
          5.4.4. Rest of Europe

6. Asia Pacific (APAC) Digital Door Lock Systems Market Analysis, 2013 – 2023 (US$ Mn) (Mn Units)
    6.1. Market Dynamics and Trends
    6.2. Asia Pacific Digital Door Lock Systems Market Analysis, By Type, 2013 – 2023 (US$ Mn) (Mn Units)
          6.2.1. Overview
          6.2.2. Biometrics
                  6.2.2.1. Face Recognition
                  6.2.2.2. Iris Recognition
                  6.2.2.3. Palm Recognition
                  6.2.2.4. Voice Recognition
                  6.2.2.5. Signature Recognition
                  6.2.2.6. Fingerprint Recognition
          6.2.3. Keypad Locks
                  6.2.3.1. Magnetic Stripe Locks
                  6.2.3.2. Electromechanical Door Locks
                  6.2.3.3. Electric Strike Locks
    6.3. Asia Pacific Digital Door Lock Systems Market Analysis, By End-use Adoption, 2013 – 2023 (US$ Mn) (Mn Units)
          6.3.1. Overview
          6.3.2. Government
          6.3.3. Commercial
          6.3.4. Industrial
          6.3.5. Residential
    6.4. Asia Pacific Digital Door Lock Systems Market Analysis, By Country, 2013 – 2023 (US$ Mn) (Mn Units)
          6.4.1. Overview
          6.4.2. China
          6.4.3. Japan
          6.4.4. South Korea
          6.4.5. Australasia
          6.4.6. Rest of APAC

7. Middle East and Africa (MEA) Digital Door Lock Systems Market Analysis, 2013 – 2023 (US$ Mn) (Mn Units)
    7.1. Market Dynamics and Trends
    7.2. MEA Digital Door Lock Systems Market Analysis, By Type, 2013 – 2023 (US$ Mn) (Mn Units)
          7.2.1. Overview
          7.2.2. Biometrics
                  7.2.2.1. Face Recognition
                  7.2.2.2. Iris Recognition
                  7.2.2.3. Palm Recognition
                  7.2.2.4. Voice Recognition
                  7.2.2.5. Signature Recognition
                  7.2.2.6. Fingerprint Recognition
          7.2.3. Keypad Locks
                  7.2.3.1. Magnetic Stripe Locks
                  7.2.3.2. Electromechanical Door Locks
                  7.2.3.3. Electric Strike Locks
    7.3. MEA Digital Door Lock Systems Market Analysis, By End-use Adoption, 2013 – 2023 (US$ Mn) (Mn Units)
          7.3.1. Overview
          7.3.2. Government
          7.3.3. Commercial
          7.3.4. Industrial
          7.3.5. Residential
    7.4. MEA Digital Door Lock Systems Market Analysis, By Country, 2013 – 2023 (US$ Mn) (Mn Units)
          7.4.1. Overview
          7.4.2. GCC Countries
          7.4.3. Rest of MEA

8. Latin America Digital Door Lock Systems Market Analysis, 2013 – 2023 (US$ Mn) (Mn Units)
    8.1. Market Dynamics and Trends
    8.2. Latin America Digital Door Lock Systems Market Analysis, By Type, 2013 – 2023 (US$ Mn) (Mn Units)
          8.2.1. Overview
          8.2.2. Biometrics
                  8.2.2.1. Face Recognition
                  8.2.2.2. Iris Recognition
                  8.2.2.3. Palm Recognition
                  8.2.2.4. Voice Recognition
                  8.2.2.5. Signature Recognition
                  8.2.2.6. Fingerprint Recognition
          8.2.3. Keypad Locks
                  8.2.3.1. Magnetic Stripe Locks
                  8.2.3.2. Electromechanical Door Locks
                  8.2.3.3. Electric Strike Locks
    8.3. Latin America Digital Door Lock Systems Market Analysis, By End-use Adoption, 2013 – 2023 (US$ Mn) (Mn Units)
          8.3.1. Overview
          8.3.2. Government
          8.3.3. Commercial
          8.3.4. Industrial
          8.3.5. Residential
    8.4. Latin America Digital Door Lock Systems Market Analysis, By Country, 2013 – 2023 (US$ Mn) (Mn Units)
          8.4.1. Overview
          8.4.2. Brazil
          8.4.3. Rest of Latin America

9. Company Profiles
    9.1. Honeywell International Inc.
          9.1.1. Company Details (HQ, Foundation Year, Employee Strength)
          9.1.2. Market Presence, By Segment and Geography
          9.1.3. Key Developments
          9.1.4. Strategy and Historical Roadmap
          9.1.5. Revenue and Operating Profits
* Similar details would be provided for all the players mentioned below
    9.2. Godrej & Boyce Manufacturing Company Ltd.
    9.3. Assa Abloy Group
    9.4. Cisco Systems, Inc.
    9.5. United Technologies Corporation
    9.6. Siemens AG
    9.7. Panasonic Corporation
    9.8. Nestwell Technologies
    9.9. Vivint, Inc.
    9.10. Hanman International Pte Ltd.
    9.11. Hitachi, Ltd.
    9.12. Tyco International Ltd.

The Electronic and Digital Door Lock Systems market report provides an analysis of the global Digital Door Lock Systems and electronic locks market for the period 2013 – 2023, wherein 2014 is the base year and the period from 2015 to 2023 is the forecast period. Data for 2013 has been included as historical information. Also the global electronic locks market analysis for the period 2013 – 2023 is covered in the study. The report covers all the prevalent trends playing a major role in the growth of the Digital Door Lock Systems market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period. The study provides a holistic perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ Mn), across different geographies, which include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and Latin America (LATAM). The report provides cross-sectional analysis of the global Digital Door Lock Systems market in terms of market estimates and forecasts for all the segments across different geographic regions. This research report provides in-depth analysis of the global Digital Door Lock Systems market on the basis of type, end-use adoption, and geography. The report also includes competitive profiling of major players engaged in providing Digital Door Lock Systems. Major business strategies adopted by them, their market positioning, and various recent developments have also been identified in the research report. This report also provides market positioning analysis of major players operating in the Digital Door Lock Systems market.

This research study on the global digital door lock systems market provides a detailed analysis of various type of lock systems which enable enterprise to avail from respective lock manufacturers. And thus driving the rising demand for these solution from SMEs and Large enterprise. The report also offers an in-depth analysis of various factors such as market drivers, restraints, and growth opportunities affecting the market dynamics. These factors enable the analysis of various trends that would impact the market during the forecast period from 2015 to 2023. The report includes a comprehensive coverage of the underlying economic and technological factors under key trend analysis influencing the digital door lock systems market. Furthermore, the report aims to provide strategic insights into the value chain analysis of manufacturers and distributors in the digital door lock system market. The market positioning analysis of key players throws light on the prevalent competition in this market.

Based on the end-use adoption, the digital door lock systems market is segmented into Government, Commercial, Industrial and Residential. Based on factors such as budget, scalability, flexibility, and ease of use, end users tend to select best-fit solutions in order to cater to their requirements and business usage.

Various factors that affect the growth of the digital door lock systems market have been identified in this report. The report aims to provide a comprehensive cross-sectional analysis of the digital door lock systems market across geographies including North America, Europe, Asia Pacific, Middle-East and Africa (MEA), and Latin America. In addition, the report highlights the competitive landscape of the digital door lock systems market and identifies various business strategies adopted by the leading players. Under the company profiles section, the report provides an overview of the companies operating in the market, strategies deployed by them to gain competitive advantage, annual revenue generated by them in the past two/three years, and recent developments. The companies profiled in this report include Honeywell International Inc., Godrej & Boyce Manufacturing Company Ltd., Assa Abloy Group, Cisco Systems, Inc., United Technologies Corporation, Siemens AG, Panasonic Corporation, Nestwell Technologies, Vivint, Inc., Hanman International Pte Ltd., Hitachi, Ltd. and Tyco International Ltd. among others.

The global digital door lock systems market has been segmented as follows: 

Digital Door Lock Systems Market, by Type

  • Biometrics
    • Face Recognition
    • Iris Recognition
    • Palm Recognition
    • Voice Recognition
    • Signature Recognition
    • Fingerprint Recognition
  • Keypad Locks
    • Magnetic Stripe Locks
    • Electromechanical Door Locks
    • Electric Strike Locks

Digital Door Lock Systems Market, by End-use adoption

  • Government
  • Commercial
  • Industrial
  • Residential

Digital Door Lock Systems Market, by Geography

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • EU5 (UK, Germany, France, Italy, Spain)
    • CIS
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Australasia (Australia, NZ & Guinea)
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC Countries
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America