Press release
Digital Door Lock System Market Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026
Fact.MR
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According to recently published report by Fact.MR, the global digital door lock system market is projected to grow at a CAGR of 30.8% in terms of value during the period 2017-2026. In terms of volume, the market is anticipated to record sales of nearly 80,000 thousand units by 2026-end.
Demand for Iris Recognition Digital Door Lock Systems to Gain Traction
The report projects that the demand for fingerprint recognition digital door lock systems will lose traction over the forecast period. Malpractices such as the use of thin, pressure-sensitive films to replicate fingerprint impression continue create major concerns for the security measures of fingerprint recognition digital door lock systems. On the other hand, the demand for iris recognition digital door lock systems is expected to incur considerable gains, and register a CAGR of 41.3% in terms of volume over the forecast period. The report also projects that governments and commercial settings will be the largest end-users of digital door lock systems through 2026.
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.
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Table of Content:
1. Global Economic Outlook
2. Global Digital Door Lock System Market - Executive Summary
3. Global Digital Door Lock System Market Overview
4. Global Digital Door Lock System Market Analysis and Forecast 2012-2026
5. North America Digital Door Lock System Market Size and Forecast, 2012-2026
6. Latin America Digital Door Lock System Market Size and Forecast, 2012-2026
7. Europe Digital Door Lock System Market Size and Forecast, 2012-2026
8. Japan Digital Door Lock System Market Size and Forecast, 2012-2026
9. APEJ Digital Door Lock System Market Size and Forecast, 2012-2026
10. MEA Digital Door Lock System Market Size and Forecast, 2012-2026
11. Global Digital Door Lock System Market Company Share, Competition Landscape and Company Profiles
12. Research Methodology
13. Secondary and Primary Sources
14. Assumptions and Acronyms
15. Disclaimer
Continued….
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Industrial Goods 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.
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