Digital Door Lock System Market Report by Region, Product Type, Top Players, Technology, Pricing: Forecast till 2026

Rockville, US, 2018-Jul-19 — /EPR Network/ — The global market discussion on digital door lock systems industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Digital Door Lock System Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2026”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on digital door lock systems market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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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.

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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

Continued……….

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