Press release
RFID Locks Market to Soar to $16.79 Billion by 2030, Driven by a Robust 19.20% CAGR
RFID Locks Market
The global RFID locks market is projected to grow significantly, driven by advancements in security technology, increasing adoption across industries, and regional economic development. The market size in 2023 was valued at USD 4.91 billion, with an expected CAGR of 19.20% during the forecast period 2024-2030, reaching USD 16.79 billion by 2030. Key players such as ASSA ABLOY, Dormakaba Group, Onity Inc., and Honeywell International Inc. are driving the market growth through strategic partnerships and innovative product launches.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/55435/
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam has emerged as a key market for RFID locks due to the booming hospitality sector. Several hotel chains and resorts have integrated RFID-based access control systems to enhance guest experience and improve operational efficiency. In recent developments, DigiTech Solutions partnered with a leading real estate firm to supply RFID locks for a luxury resort in Da Nang.
๐๐ ๐๐ ๐๐จ๐๐ค๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
The adoption of RFID locks in Thailand is fueled by its flourishing tourism and real estate sectors. Major developments include the deployment of HID Global products in high-end condominium projects. A merger between SecuTech Co., Ltd. and SmartLock Systems in 2023 further solidified the market presence in the country.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง'๐ฌ ๐๐ ๐๐ ๐๐จ๐๐ค๐ฌ ๐๐๐ซ๐ค๐๐ญ
Japan continues to lead in technological innovations, with advancements in RFID technology focusing on higher encryption standards. The Olympics 2024 prompted widespread adoption of RFID locks in sports facilities, hotels, and transport hubs. Key players like Panasonic Corporation and Toshiba Tec are introducing AI-integrated RFID lock systems for enhanced security.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/55435/
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง'๐ฌ ๐๐ ๐๐ ๐๐จ๐๐ค๐ฌ ๐๐๐ซ๐ค๐๐ญ
China's market for RFID locks is consolidating due to large-scale investments and joint ventures. In 2023, Beijing Smart Security collaborated with Shenzhen AccessTech to develop cost-effective RFID locks for the mid-range residential market. The construction of new smart cities is expected to further boost demand.
๐๐ ๐๐ ๐๐จ๐๐ค ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's RFID locks market is driven by its smart home adoption rate. Recent developments include Samsung SDS unveiling cloud-connected RFID locks designed for IoT-enabled homes. Additionally, the merger of K-Smart Systems and DigitalKey Corp. has strengthened market dynamics.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's RFID lock market is expanding rapidly, supported by government initiatives promoting smart building technologies. Leading companies such as Yale Singapore have partnered with real estate developers to provide RFID-enabled access control solutions for mixed-use developments.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/55435/
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ ๐๐ ๐๐ ๐๐จ๐๐ค๐ฌ ๐๐๐ซ๐ค๐๐ญ
The United States remains the largest contributor to the global RFID locks market. Recent trends highlight a surge in demand across commercial spaces, healthcare, and educational institutions. Companies like Honeywell International Inc. and Schlage are focusing on wireless and mobile-integrated RFID solutions. Notably, ASSA ABLOY acquired August Home to expand its product portfolio.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
The European RFID locks market is witnessing consolidation through acquisitions and strategic partnerships. Dormakaba Group acquired Allegion's European division to expand its regional footprint. With stringent data privacy regulations, companies are investing in highly secure RFID systems.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-rfid-locks-market/55435/
๐๐ ๐๐ ๐๐จ๐๐ค๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐๐๐๐ฌ๐ฌ ๐๐๐ฏ๐ข๐๐
Key Cards
Mobile Phones
Key fobs
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Hospitality
Automotive
Aerospace & Defense
Residential
Manufacturing
BFSI
Retail
Transportation & Logistics
Others (Government, Public Utilities, Healthcare, etc.)
๐๐ ๐๐ ๐๐จ๐๐ค๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Honeywell International Inc.
Godrej & Boyce Manufacturing Company Ltd.
Assa Abloy Group
Nestwell Technologies
United Technologies Corporation
Siemens AG
Vivint, Inc.
Samsung Electronics Co Ltd.
Dormakaba Holding AG
MIWA Lock Co
Dolphin RFID Pvt. Ltd.
Salto Systems S.L.
Fortune Marketing Pvt Ltd.
dorma+kaba Holdings AG.
Bai Fu Co., Ltd.
Digilock
Qilocks Equipment Ltd
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