RFID Locks Market 2020 Is Booming Across the Globe by Share, Size, Growth With Top Key Players Assa Abloy, Digilock, Dormakaba, Onity and Samsung

According to our latest market study on “RFID Locks Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Access Device and End-User,” the market was valued at US$ 3,585.11 million in 2019 and it is projected to reach US$ 8,779.61 million by 2027; it is expected to grow at a CAGR of 12.6% from 2020 to 2027.

The global consumer electronics market is strongly driven by the significant adoption of smartphones among people of all age groups. The developing countries in APAC, the MEA, and South America are experiencing a substantial rise in the number of smartphone users owing to the increasing availability of low-cost smartphones. Also, the Netherlands, Sweden, Australia, the US, Spain, Germany, the UK, and France are among the advanced economies where smartphone ownership is high owing to rising disposable income. For instance, ViAge Technology—a provider of magnetic stripe & smart card applications—offers Esmart Mobile access locks. The lock combines pin and RFID (radio-frequency identification) with BLE (Bluetooth low energy) mobile access technology. It would make locking activity efficient as it combines an RF user card with a smartphone access key. Therefore, the growing penetration of smartphones is anticipated to boost the use of RFID locks among hospitality and other end users in coming years.

Request Sample Pages of This Research Study @ https://bit.ly/3qTIcb4

The proposed RFID Locks Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes a detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.

The RFID Locks Market sample report includes an exclusive analysis of the COVID-19 pandemic on the market space under scrutiny. The sample represents the format of the overall study which is designed to provide clarity on the structure of the report and some data points demonstrated in an attempt to provide insights into the study quality.

Furthermore, the RFID Locks Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.

The Structure of The RFID Locks Market Report Can Be Categorized into the Following Sections:

Section 1: Scope of the Report & Research Methodology

Section 2: Key Takeaways

Section 3: Market variables & their impact on growth and analytical tools providing High-Level Insights into the Market Dynamics and Growth Pattern

Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category are summed up to form the Global Market.

Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.

The Prominent/Emerging Players In The RFID Locks Market Research Include:

Assa Abloy AB
Bai Fu Co. Ltd.
Digilock (Security People Inc.)
Dormakaba Group
Euro-locks SA NV (Lowe and Fletcher Group)
Godrej and Boyce Manufacturing Company Ltd.
Onity Inc.
Qilocks Equipment Ltd.
Samsung
Senseon (Accuride International Inc.)

The RFID Locks Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Expanding Hospitality Industry

The rising number of hotels is propelling the need for advanced access technologies—such as mobile access services. Furthermore, elevation in hotel room security by using Bluetooth Low Energy upgrade module or smart locks is becoming a crucial element in hospitality as it helps hotels provide the property with streamlined check-in benefits. Rising demand from hotel owners is encouraging the access control systems manufacturers and tech giants to work together to develop smart door locks for hotels and other buildings included in the hospitality industry. Various hoteliers are preferring contactless RFID cards over old magnetic keycards to offer an enhanced guest experience. The use of RFID cards and locks is less cumbersome and enables faster room entry. RFID locks work with different access credentials, such as wristbands, mobile devices, and key fobs, thereby promoting their use among hoteliers. In addition, updates in digital keys prevent the use of expensive plastic keycards. The minimum use of single-use plastic cards in the long term helps hotels cut down their operating costs and carbon footprint. Therefore, improved guest satisfaction and lesser operating costs and carbon footprints are among the benefits offered by RFID locks, which, in turn, drive the demand for RFID locks in the hospitality sector across the world.

Company Overview:

Company overview provides information about the location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial Performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the subtitle “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic Initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in the market are covered under the strategic initiatives section.

Order A Copy Of This Research Study @ https://bit.ly/2NyEIwr

The RFID Locks Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

Contact US:

If you have any queries about this report or would like further information, please contact us:

North America: +1 646 491 9876

Asia-Pacific: +91 20 6727 8686

Email: sales@theinsightpartners.com

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through our research content, we are making sure that our customers get the value of their money along with better quality data and analysis.

Our research content is majorly focused on market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis etc. We provide a detailed break-up of segmentation in terms of geography, technology, product and services etc.; which helps our clients to get deeper analysis on various research topics.

This release was published on openPR.