Smart and Connected Elevators and Elevators Control Systems Market

Smart and Connected Elevators and Elevator Control Systems Market: Introduction

The Smart and Connected Elevators and Elevator Control Systems Market represents the integration of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), cloud computing, and data analytics into modern elevator systems. These intelligent systems enhance passenger experience, optimize traffic flow, and improve operational efficiency through real-time monitoring and remote management.

Smart elevators are equipped with sensors and digital communication interfaces that enable predictive maintenance, remote diagnostics, and adaptive control based on passenger usage patterns. Elevator control systems further support automation, safety, and energy management functions in high-rise and commercial buildings.

With rapid urbanization, growing adoption of smart city initiatives, and the expansion of commercial and residential infrastructure, the demand for smart and connected elevators is expected to rise substantially between 2025 and 2035.

Market Growth Drivers

• Increasing Demand for Smart and Energy-efficient Building Solutions

As sustainability becomes a global priority, building developers and facility managers are adopting smart elevator technologies that reduce energy consumption, optimize space, and enhance safety. Modern elevators equipped with regenerative drives and destination control systems are helping achieve efficient building operations.

• Growing Urbanization and High-rise Construction Projects

Rapid population growth in urban centers has led to increased construction of high-rise residential and commercial buildings. This has accelerated the need for advanced elevator systems capable of handling high traffic volumes while maintaining comfort, safety, and efficiency.

• Advancements in IoT and Predictive Maintenance Technologies

The integration of IoT-enabled sensors allows real-time monitoring of elevator performance, enabling predictive maintenance and minimizing downtime. These technologies enhance reliability, safety, and user experience while reducing maintenance costs—key factors driving market adoption globally.

Market Trends and Opportunities

The Smart and Connected Elevators and Elevator Control Systems Market is undergoing a major transformation driven by digitization and connectivity. A key trend is the deployment of AI-based predictive maintenance systems, allowing service providers to detect faults before they occur. This not only improves operational uptime but also enhances passenger safety.

The adoption of cloud-based elevator management platforms is growing rapidly, enabling remote diagnostics, data analytics, and control system updates. Integration with smart building ecosystems allows elevators to communicate seamlessly with HVAC, lighting, and security systems to improve building automation and user experience.

Another trend is the increasing use of touchless control interfaces, mobile app-based access, and voice-enabled commands, enhancing hygiene and convenience in post-pandemic environments. Additionally, the development of energy-efficient motors and regenerative drives aligns with green building standards and sustainable development goals.

Emerging opportunities include the expansion of smart elevators in metro stations, airports, hospitals, and educational institutions, alongside growing demand in developing economies for modernization of legacy elevator systems with IoT-based control units.

Market Regional Outlook

North America leads the global Smart and Connected Elevators and Elevator Control Systems Market, driven by strong adoption of building automation technologies, modernization of old infrastructures, and the presence of leading elevator manufacturers in the U.S. and Canada.

Europe holds a significant share, supported by strict energy efficiency regulations, technological advancements, and increasing investments in smart city projects. Countries such as Germany, France, and the U.K. are major contributors to the regional market.

Asia Pacific is expected to exhibit the fastest growth during 2025–2035 due to rapid urbanization, government infrastructure initiatives, and growing adoption of smart building technologies in China, India, Japan, and South Korea. The region’s booming construction and real estate sectors further support market expansion.

Middle East & Africa and Latin America are emerging markets, benefiting from large-scale smart city developments, airport modernization projects, and increasing awareness of elevator safety and energy efficiency.

Smart and Connected Elevators and Elevator Control Systems Market Segmentation

By Type

• Passenger Elevators
• Freight Elevators
• Residential Elevators
• Commercial Elevators
• Industrial Elevators

By Control System Type

• Elevator Control Unit (ECU)
• Access Control System
• Destination Control System (DCS)
• Security Control System

By Application

• Residential Buildings
• Commercial Complexes
• Industrial Facilities
• Hospitals
• Airports & Transportation Hubs
• Educational Institutions
• Government & Public Infrastructure

By End User / Industry Vertical

• Real Estate Developers
• Facility Management Companies
• Transportation & Infrastructure
• Healthcare & Hospitality
• Government Organizations
• Industrial & Manufacturing

Regions Covered

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Countries Covered

• U.S.
• Canada
• Germany
• U.K.
• France
• Italy
• Spain
• China
• India
• Japan
• South Korea
• Australia
• Brazil
• Mexico
• Argentina
• GCC Countries
• South Africa

Key Players of the Smart and Connected Elevators and Elevator Control Systems Market

• Otis Elevator Company
• KONE Corporation
• Schindler Group
• Thyssenkrupp AG
• Mitsubishi Electric Corporation
• Hitachi Ltd.
• Hyundai Elevator Co., Ltd.
• Toshiba Corporation
• Other Prominent Players