openPR Logo
Press release

Growth Dynamics on Digital Door Lock System Market 2026| Key Players: Honeywell, Panasonic USA, United Technologies, Godrej & Boyce Mfg. Co. Ltd., Hitachi, WINTEC ELECTRONIC TECH CO., LIMITED, Cisco, Thasmai Automation Pvt. Ltd.

Growth Dynamics on Digital Door Lock System Market 2026| Key

Rising development of smart home across nations is a key factor anticipated to drive the global digital door lock system market, says Fortune Business Insights in a report, titled “Digital Door Lock System Market Size, Share and Global Trend By Applications (Electromechanical Door Locks, Magnetic Stripe Locks, Biometric Access Systems), By End User Types (Residential, Commercial, Industrial, Government) and Geography Forecast till 2025.” As per the National Smart Home Org., in 2018 the global smart home was valued at US$ 40 billion. The global smart home market is likely to expand considerably in the coming years, which in turn will create growth opportunities for the digital door lock system market.

Browse Complete Report at https://www.fortunebusinessinsights.com/industry-reports/digital-door-lock-system-market-100215

In terms of region, Europe held a considerable share in the global market in 2017. The regional market is further expected to remain dominant through the course of the forecast period. The governments in Europe have implemented technology such as continuum application in digital door locks and Tele-cloud computing. The increasing implementation of this technology is anticipated to encourage the adoption of digital door lock system. The Asia Pacific digital door lock system market is expected to progress at the highest CAGR during 2018-2023. Developing nations such as India, China, Japan, and others are investing in certain business events to initiate rapid urbanization and facilitate the adoption of digital door lock system.

Increasing Cases of Theft Encourage Adoption of High Security Digital Lock

Rising security concerns among people and increasing cases of theft and robbery are a few factors expected to drive the global market during the forecast period. Additionally, technological upgrades in the digital door lock system is a major factor likely to fuel the demand in the market. For instance, ASSA ABLOY Inc. introduced Power over Ethernet (PoE) locks system integrated with Electrolynx AI system in 2018. The system is capable of NFC mobile access, real-time door status monitoring, and same real-time communication as traditional access control.

Digital lock system offers various benefits such as connectivity with phones over WI-FI or Bluetooth and hybrid sensors. Such advantages are expected to contribute towards adoption of high security enabled digital door lock system.

On the contrary, lack of awareness about availability of digital door lock system is a factor that may restrain the global market to an extent. Moreover, high cost associated with the digital door lock is another factor that might hamper the growth in the market.

ASSA ABLOY Acquired August Home to Attain a Diverse Product Portfolio

The global digital door lock system market is expanding at a promising CAGR. The competition among the market players is increasing owing to prevailing opportunities. Some players are focusing on product innovation to establish a strong brand presence. A few players are also involved in mergers and acquisition, collaboration, partnership, and others.

For instance, ASSA ABLOY Inc. acquired August Home Inc. in 2018. The aim of the acquisition was to integrate Hi-O technology with digital door lock system. This in response is likely to fuel the demand in the global market. Some of the key players operating in the global digital door lock system market are Harman International Pvt Ltd., Nestwell Technologies, Panasonic Corporation, United Technologies Corporation, Godrej & Boyce Manufacturing Company Ltd., Hitachi Ltd., Wintec Electronic Tech Co. Ltd., Cisco Systems, Inc., Honeywell International Inc., Assa Abloy Group, Xeeder Technology Co. Ltd., and Siemens AG.

Top Players List:

• Honeywell
• Panasonic USA
• United Technologies
• Godrej & Boyce Mfg. Co. Ltd.
• Hitachi
• WINTEC ELECTRONIC TECH CO., LIMITED
• Cisco
• Thasmai Automation Pvt. Ltd.

Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, the rising adoption of e-financial services is expected to boost the global market.

Major Segments Mentioned:

• By Applications
• By End User Types
• By Geography

On the contrary, the high cost associated with upgraded technology is a factor that may restrain the global Digital Door Lock System market.

Sample PDF Brochure https://www.fortunebusinessinsights.com/enquiry/sample/digital-door-lock-system-market-100215

Regional Analysis:

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

As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to rising adoption of sedentary lifestyle in nations such as India and China.

The report also offers insights on the key players operating in the global Digital Door Lock System market.

Major Table of Content for Digital Door Lock System Market:

1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Digital Door Lock System Market Analysis, Insights and Forecast, 2026
6. North America Digital Door Lock System Market Analysis, Insights and Forecast, 2026
7. Europe Digital Door Lock System Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Digital Door Lock System Market Analysis, Insights and Forecast, 2026
9. Middle East and Africa Digital Door Lock System Market Analysis, Insights and Forecast, 2026
10. Latin America Digital Door Lock System Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion

Contact Us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com

About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

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 Growth Dynamics on Digital Door Lock System Market 2026| Key Players: Honeywell, Panasonic USA, United Technologies, Godrej & Boyce Mfg. Co. Ltd., Hitachi, WINTEC ELECTRONIC TECH CO., LIMITED, Cisco, Thasmai Automation Pvt. Ltd. here

News-ID: 1895794 • Views: 284

More Releases from Fortune Business Insights Pvt. Ltd.

What’s driving the Bucket Elevators Market Growth? Prominent Players: ZUTHER G …
The global bucket elevator market size is projected to reach USD 1,287.1 million by 2026, exhibiting a CAGR of 5.7% during the forecast period. Steady growth in the construction industry to be the key growth driver for this market, according to the new Fortune Business Insights™ report, titled “Bucket Elevator Market Size, Share & Industry Analysis, By Type (Centrifugal and Continuous), By Industry (Cement, Food & Beverages, Chemical, Power &
What's driving the Offshore Drilling Market Growth? Prominent Players: Archer - …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights™ in its new report, titled “Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),
What's driving the AC Drive Market Growth? Prominent Players: ABB, Siemens, Danf …
The global AC drives market size was USD 10.39 billion in 2018 and is projected to reach USD 15.62 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant
What's driving the Smart Building Market Growth? Prominent Players: Cisco, Hitac …
The global smart building market size was USD 43.64 billion in 2018 is projected to reach USD 109.48 billion by 2026, exhibiting a CAGR of 12.6% during the forecast period.The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role in

All 5 Releases


More Releases for Lock

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
Global Airfryer Market 2018 - Lock&Lock, SUPOR, Liven, MSX
Accord Market, recently published a detailed market research study focused on the "Airfryer Market" across the global, regional and country level. The report provides 360° analysis of "Airfryer 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 Airfryer industry, and estimates the future trend of Airfryer market on the basis of this
Digital Door Lock System Market
Digital door lock systems are available in multiple options depending on the user security requirements include access based on passphrases, numeric code, passwords, security tokens, radio frequency identification devices (RFID), and different types of biometrics. Moreover, usage of smart phones as a means to gain entry is among the prominent solution gaining traction for residential and other end user applications, specifically in the developed economies of U.S. and Europe. Owing
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,
Global Sport Bottle Market 2017- Thermos,PMI ,Lock & Lock
Global Sport Bottle Market 2017 Research Report offers a complete and in-depth analysis of the growth rate of the Sport Bottle industry. In the first section, Sport Bottle Market report presents the overview of Sport Bottle industry which includes definitions, classifications, applications and Sport Bottle industry chain structure. Global Sport Bottle Market further includes Sport Bottle development history, competitive analysis of Sport Bottle industry. Top leading Manufacturers Analysis of Sport Bottle:- 1 Thermos 2