Press release
Digital Door Lock System Market Poised to Expand at 30.0% Volume CAGR during 2017-2026: Acc. to New Study
Fact.MR
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:
Global Economic Outlook
Global Digital Door Lock System Market – Executive Summary
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
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
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Door Lock System Market Poised to Expand at 30.0% Volume CAGR during 2017-2026: Acc. to New Study here
News-ID: 1067594 • Views: …
More Releases from Fact.MR
Craft Beer Market is forecasted to reach a value of US$ 174.68 Billion by 2032
The worldwide craft beer market was expected to be worth $76.3 billion in 2020 and $81.64 billion in 2021. The market will grow at a steady CAGR of 6.9% between 2022 and 2032. By the end of 2032, this market is predicted to have a global valuation of US$174.68 billion.
The surge in demand for more beer styles coupled with increase in per capita income among the target customers has triggered…
Window Blinds Market Forecasted to Achieve US$ 4.69 Billion by 2034
The global window blinds market is expected to reach $2.99 billion in 2024, growing at a 5.8% CAGR to $4.69 billion by the end of 2034.
Window blinds are adjustable window coverings made of slats or vanes, allowing for versatile control over light and privacy. They come in various materials, including wood, metal, or plastic, and can be easily adjusted to regulate sunlight and maintain privacy. Unlike heavy curtains, blinds are…
Vacuum Salt Market is Expected to reach 12,765.2 Million by 2034
The global vacuum salt market is expected to be worth US$ 8,012.3 million in 2024. Projections show a steady expansion with a 4.8% CAGR through 2034. The market is anticipated to be valued at $12,765.2 million by 2034.
Growing consumer preference for the ingredient's use in the production of food, as vacuum salt is essential to create a balanced diet, is the factor driving the growth of the global market. The…
Hemoglobinopathy Market Forecast Growing at 8.3% CAGR to Reach $1.7 Billion by 2 …
In 2024, the global hemoglobinopathy market (ヘモグロビン症市場) is estimated to be worth US$788.1 million, with a projected compound annual growth rate (CAGR) of 8.3% through 2034. By 2034, the market size is expected to exceed US$1,745.7 million. The rise of genetic testing has led to a significant shift in the hemoglobinopathy market towards personalized medication. Companies are leveraging this trend to develop tailored treatment plans based on each patient's DNA…
More Releases for Lock
Lock Washers Market 2022 Status and Business Outlook - Disc-Lock, HEICO-LOCK, Gr …
The research report studies the Lock Washers market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each place is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The data analysts have used primary and secondary…
Lock Washers Market To 2027 With Prominent Vendors: Disc-Lock, HEICO-LOCK, Growe …
A recent market research report added to repository of “MarketInsightsReports” is an in-depth analysis of Global Lock Washers Market. On the basis of historic growth analysis and current scenario of Lock Washers market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. The deep understanding of multiple aspects of Lock Washers…
Lock Washer Market -NORD-LOCK, Disc-Lock, Schnorr, Shakeproof, Tiger-Tight, Midw …
Lock Washer Market Overview:
Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global Lock Washer market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region.
The Global Lock Washer market Report provides a detailed analysis of the current dynamics of the market with an extensive focus on the secondary research. It also studies current situation of the market estimate, share, demand, development…
Global Digital Door Lock Systems Market 2018 - Stone Lock, Adel Lock, Kwikset, S …
Apex Market Research, recently published a detailed market research study focused on the "Digital Door Lock Systems Market" across the global, regional and country level. The report provides 360° analysis of "Digital Door Lock Systems Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Digital Door Lock Systems industry, and estimates the…
United States Smart Lock Market Report 2018 - ASSA ABLOY, Samsung, Allegion, MIW …
"The Latest Research Report United States Smart Lock Market Report 2018 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
In this report, the United States Smart Lock market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Geographically, this report splits…
Global Password Lock Market Research Report 2017 - TONYON, Master Lock, Tri-circ …
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Password Lock in these regions, from 2012 to 2022 (forecast), covering
North America
Europe
China
Japan
Southeast Asia
India
Explore Full Research Report with TOC @ http://www.qyresearchreports.com/sample/sample.php?rep_id=1174664&type=E
Global Password Lock market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
TONYON
Master Lock
Yale
Tri-circle
Zhongli
Blossom Lock
Jasit
WT
YUEMA
Rarlux Lock
Skygood
Panasonic
On the basis of product,…
