Digital Door Lock System Market Poised to Expand at 30.0% Volume CAGR during 2017-2026: Acc. to New Study

Rockville, US, 2018-May-30 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of global digital door lock system market. The study is titled as “Digital Door Lock System Market Research Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global digital door lock system market.

Get A Free Sample Copy of Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=409

Over 26,700 thousand units of digital door lock systems will be sold in Europe by 2026-end

Throughout the forecast period, Europe will remain at the forefront of global digital door lock system market expansion. The report estimates that by the end of 2026, around one-third share of global market volumes will be accounted by the sales of digital door lock systems in Europe. In terms of volume, the expansion of digital door lock system market in North America and Asia-Pacific excluding Japan (APEJ) region is pegged to be robust. By the end of 2026, North America’s digital door lock system market will record sales of over 21,600 thousand units of digital door lock systems, while the APEJ digital door lock system market will register sales of nearly 15,500 thousand units.

Demand for fingerprint recognition digital door lock systems to lose traction

Key findings from the report that digital door lock systems with fingerprint recognition has been a top-selling product in the global market till date. In 2017, more than 2,000 thousand units of digital door lock systems with fingerprint recognition have been sold globally. However, the demand for fingerprint recognition digital door lock systems will lose traction due to emergence of biometric foils that can replicate fingerprints, creating a major security loophole. Meanwhile, the demand for signature recognition digital door lock systems is poised to take great leaps and register global sales of over 14,000 thousand units. In terms of volume, digital door lock system equipped with iris recognition will register fastest growth at a CAGR of 41.3% over the forecast period. The report also reveals that digital door lock systems will be predominantly used by the government and in commercial settings. The industrial end-use of digital door lock systems is expected to incur moderate traction, while residential sector will remain a lucrative end-user segment in the global digital door lock system market through 2026.

The global market for digital door lock systems is characterized by high barriers for new players, with notable presence of regional players meanwhile intensifying the competitiveness in the market. Key players actively contributing to the market growth include Honeywell International Inc., Godrej & Boyce Manufacturing Company Ltd., Assa Abloy Group, Cisco Systems Inc., united Technologies Corporation, Siemens AG, Panasonic Corporation, NestwellTechnologies, Vivint Inc., Allegion PLC, ABB Ltd., Hanman International Pte Ltd., Hitachi Ltd., Wintec Electronic Tech Co. Ltd., Xeeder Technology Co. Ltd., Tyco International Ltd., Dormakaba Holding AG, Adel Lock, and Stone Lock, among others.

Browse Full Report with TOC@ https://www.factmr.com/report/409/digital-door-lock-system-market

Table of Contents:

1. Global Economic Outlook
2. Global Digital Door Lock System Market – Executive Summary
3. Global Digital Door Lock System Market Overview
   3.1. Introduction
   3.1.1. Global Digital Door Lock System Market Taxonomy
   3.1.2. Global Digital Door Lock System Market Definition
   3.2. Global Digital Door Lock System Market Size (US$ Mn) and Forecast, 2012-2026
   3.2.1. Global Digital Door Lock System Market Y-o-Y Growth
   3.3. Global Digital Door Lock System Market Dynamics
   3.4. Supply Chain
   3.5. Cost Structure
   3.6. Pricing Analysis
   3.7. Government Regulations
   3.8. Raw Material Strategy
   3.9. PLC Analysis
   3.8. PESTLE Analysis
   3.9. Key Participants Market Presence (Intensity Map) By Region
4. Global Digital Door Lock System Market Analysis and Forecast 2012-2026 
   4.1. Global Digital Door Lock System Market Size and Forecast By Product Type, 2012-2026
   4.1.1. Face Recognition Market Size and Forecast, 2012-2026
   4.1.1.1. Revenue (US$ Mn) Comparison, By Region
   4.1.1.2. Market Share Comparison, By Region
   4.1.1.3. Y-o-Y growth Comparison, By Region

Continued……..

Ask Industry Expert @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=409

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Get More Industry Insights At: https://www.linkedin.com/company/factmr