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Digital Door Lock Systems Market By Technology (Biometrics Lock, Keypad Locks), By End-User (Government, Residential, Commercial, Industrial) – Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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Industry Outlook

Physical property security is a major and growing concern around the world. Various security measures, including digital door lock systems, are incorporated on a considerable scale in order to curb activities such as illegal interference or unauthorized trespassing. As a result, the market for digital door lock systems reached $2.31 billion in 2017. Perpetual growth in crime associated with break-ins is expected to encourage the growth of digital doorbell systems with a CAGR of 27.2% throughout the forecast period from 2018 to 2026. The market is expected to reach US$ 18.62 billion by 2026, owing to the growing trust of several end-users in the system over a traditional mechanical lock.

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Market Synopsis

Door Locks Using Biometrics to Maintain Market Dominance in the Coming Years

In 2017, biometric door locks remained dominant over keypad locks in terms of market value. The system successfully installed faith in consumers’ minds about the safety and security it provides. The systems are extensively used for several end-users, such as government and corporate offices and, to some extent, residential properties. Biometric door lock systems use different body parts for authorization, such as face recognition, iris recognition, palm recognition, voice recognition, signature recognition, and fingerprint recognition. Authentication via physical attributes ensures complete security, as every individual has a unique feature that is almost impossible to imitate. Keypad lock systems include magnetic strips, electromagnetic door locks, and electric strike locks. The lock is losing its market share to biometric systems owing to their vulnerability to hacking passwords and misusing key cards responsible for authentication. Consequently, keypad door lock systems are projected to witness sluggish growth in the coming years.

Commercial end-users stood supreme over other end-user segments in terms of market value.

Commercial end-users, including corporate offices, hotels, universities, dormitories, banking institutions, and financial institutes, rely extensively on digital door locks for authorized access. The number of aforementioned end-users is witnessing a consistent rise across the globe. This, in turn, encouraged the demand for digital door lock systems. Besides commercial end-users, the government is the second-biggest user of digital lock systems and consequently ranked second in terms of market value. Government infrastructure needs multiple levels of security, and digital door lock systems provide the optimum authorization solution for highly classified and confidential data. In addition, other government infrastructures, such as museums, art galleries, and public libraries, are trusted with such digital door lock systems for security. Governments, especially in developing nations across the globe, are rapidly incorporating such technology. Therefore, the segment is projected to progress considerably in the coming years.

Europe Reacted to the Growing Potential of Digital Door Lock Systems

Countries in Europe are one of the earliest to incorporate digital door lock systems and are currently crowned as the leading region in terms of market value. A thriving hospitality industry in several European countries fueled the region’s adoption of digital door lock systems. North America trailed Europe in terms of market value. Government and commercial end-users played a vital role in boosting the need for lock systems. However, growing industries and the presence of a number of small and medium-scale companies incorporating door lock systems have put Asia-Pacific on the fast track to progress. Consequently, the region is projected to grow at its maximum rate throughout the forecast period of 2018 to 2026.

Market Segmentation

Before entering the market, new entrants must carefully consider each step.

The market is characterized by some of the top security services and consumer electronics manufacturers. The presence of such players has made the market highly competitive and extremely difficult for new entrants. New entrants and small local companies have to earn the trust of their consumers in order to cement their market share. However, continuous improvement in biometrics and security technology is one of the prime focus areas of these companies. Expanding their geographic presence is another prominent strategy adopted by these companies to maintain their market position. Cisco Systems, Inc., Godrej & Boyce Manufacturing Company Ltd., Onity Inc., ADT Inc., Assa Abloy Group, Siemens AG, United Technologies Corporation, Vivint, Inc., Tyco International Ltd., Allegion PLC, Wintec Electronic Tech Co. Ltd., Honeywell International Inc., Panasonic Corporation, Johnson Controls, and others are included in the study’s business strategies and recent developments.

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Key questions are answered in this report.

  • What are the latest trends in the digital door lock systems market and potential opportunities for players?
  • What impact will rising security concerns and issues related to unauthorized infiltration have on the global and regional markets for digital door lock systems?
  • Which is the largest and fastest-growing segment in terms of technology and end-users?
  • Which is the most attractive geographical region or country for the overall market for digital door lock systems?
  • How will technological development in biometric door lock systems play a vital role in the overall digital door lock systems market in the coming years?
  • What are the market sizes and trends in developing regions such as the Asia Pacific, the Middle East, Africa, and Latin America?

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global DDLS Market
2.2 Global DDLS Market, by Technology
2.3 Global DDLS Market, by End-user
2.4 Global DDLS Market, by Geography

Chapter 3 Market Dynamics
3.1 Global DDLS Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Growing Cases of Unauthorized Trespassing
3.1.1.2 Perpetual Rise in Biometrics Precision
3.1.1.3 Reducing Cost of Technology
3.1.2 Market Challenges
3.1.2.1 Lack of Awareness and Reliability in Emerging Market
3.2 See-Saw Analysis
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
3.4.1 Major Strategies Adopted by Key Players

Chapter 4 Global Digital Door Lock Systems (DDLS) Market Analysis, by Technology
4.1 Overview
4.1.1 Global DDLS Market Value Share, by Technology, 2017 & 2026 (Value, %)
4.1.2 Global DDLS Market Value, by Technology, 2016 – 2026 (US$ Bn)
4.2 Biometrics Lock
4.2.1 Face Recognition
4.2.1.1 Global Face Recognition DDLS Market, 2016 – 2026 (US$ Bn)
4.2.2 Palm Recognition
4.2.2.1 Global Palm Recognition DDLS Market, 2016 – 2026 (US$ Bn)
4.2.3 Voice Recognition
4.2.3.1 Global Voice Recognition DDLS Market, 2016 – 2026 (US$ Bn)
4.2.4 Fingerprint Recognition
4.2.4.1 Global Fingerprint Recognition DDLS Market, 2016 – 2026 (US$ Bn)
4.3 Keypad Locks
4.3.1 Magnetic Strip
4.3.1.1 Global Magnetic Strip DDLS Market, 2016 – 2026 (US$ Bn)
4.3.2 Electromagnetic Door Lock Strip
4.3.2.1 Global Electromagnetic Door Lock DDLS Market, 2016 – 2026 (US$ Bn)
4.3.3 Electric Strike Lock
4.3.3.1 Global Electric Strike Lock DDLS Market, 2016 – 2026 (US$ Bn)

Chapter 5 Global Digital Door Lock Systems (DDLS) Market Analysis, by End-user
5.1 Overview
5.1.1 Global DDLS Market Value Share, by End-user, 2017 & 2026 (Value, %)
5.1.2 Global DDLS Market Value, by End-user, 2016 – 2026 (US$ Bn)
5.2 Government
5.2.1 Global DDLS Market for Government, 2016 – 2026 (US$ Bn)
5.3 Residential
5.3.1 Global DDLS Market for Residential End-user, 2016 – 2026 (US$ Bn)
5.4 Commercial
5.4.1 Global DDLS Market for Commercial End-use, 2016 – 2026 (US$ Bn)
5.5 Industrial
5.5.1 Global DDLS Market for Industrial End-use, 2016 – 2026 (US$ Bn)

Chapter 6 North America Digital Door Lock Systems (DDLS) Market Analysis
6.1 Overview
6.1.1 North America DDLS Market Value, 2016-2026, (US$ Bn)
6.2 North America DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
6.2.1 Comparative Analysis
6.3 North America DDLS Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
6.3.1 Comparative Analysis
6.4 North America DDLS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
6.4.1 U.S.
6.4.2 Rest of North America

Chapter 7 Europe Digital Door Lock Systems (DDLS) Market Analysis
7.1 Overview
7.1.1 Europe DDLS Market Value, 2016-2026, (US$ Bn)
7.2 Europe DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
7.2.1 Comparative Analysis
7.3 Europe DDLS Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
7.3.1 Comparative Analysis
7.4 Europe DDLS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
7.4.1 U.K.
7.4.2 Germany
7.4.3 France
7.4.4 Rest of Europe

Chapter 8 Asia Pacific Digital Door Lock Systems (DDLS) Market Analysis
8.1 Overview
8.1.1 Asia Pacific DDLS Market Value, 2016-2026, (US$ Bn)
8.2 Asia Pacific DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
8.2.1 Comparative Analysis
8.3 Asia Pacific DDLS Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
8.3.1 Comparative Analysis
8.4 Asia Pacific DDLS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific

Chapter 9 Rest of the World (RoW) Digital Door Lock Systems (DDLS) Market Analysis
9.1 Overview
9.1.1 RoW DDLS Market Value, 2016-2026, (US$ Bn)
9.2 RoW DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
9.2.1 Comparative Analysis
9.3 RoW DDLS Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
9.3.1 Comparative Analysis
9.4 RoW DDLS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
9.4.1 Middle East & Africa (MEA)
9.4.2 Latin America

Chapter 10 Company Profiles
10.1 Cisco Systems, Inc.
10.2 Godrej & Boyce Manufacturing Company Ltd.
10.3 Onity Inc.
10.4 ADT Inc.
10.5 Assa Abloy Group
10.6 Siemens AG
10.7 United Technologies Corporation
10.8 Vivint, Inc.
10.9 Tyco International Ltd.
10.10 Allegion PLC
10.11 Wintec Electronic Tech Co. Ltd.
10.12 Honeywell International Inc.
10.13 Panasonic Corporation
10.14 Johnson Controls
10.15 August Home

List of Figures

FIG. 1 Global Digital Door Lock Systems (DDLS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global DDLS Market Segmentation
FIG. 4 Global DDLS Market, by Technology, 2017 (US$ Bn)
FIG. 5 Global DDLS Market, by End-user, 2017 (US$ Bn)
FIG. 6 Global DDLS Market, by Geography, 2017 (US$ Bn)
FIG. 7 Global DDLS Market Value and Growth, 2016 – 2026, (US$ Bn) (Y-o-Y %)
FIG. 8 See-Saw Analysis: Global Industrial Mezzanines Market
FIG. 9 Attractive Investment Proposition, by Geography, 2017
FIG. 10 Global Market Positioning of Key Digital Door Lock Systems Companies, 2017
FIG. 11 Global DDLS Market Value Share, by Technology, 2017 & 2026 (Value, %)
FIG. 12 Global Face Recognition DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 13 Global Palm Recognition DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 14 Global Voice Recognition DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 15 Global Fingerprint Recognition DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 16 Global Magnetic Strip DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 17 Global Electromagnetic Door Lock DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 18 Global Electric Strike Lock DDLS Market, 2016 – 2026 (US$ Bn)
FIG. 19 Global DDLS Market Value Share, by End-user, 2017 & 2026 (Value, %)
FIG. 20 Global DDLS Market for Government, 2016 – 2026 (US$ Bn)
FIG. 21 Global DDLS Market for Residential End-user, 2016 – 2026 (US$ Bn)
FIG. 22 Global DDLS Market for Commercial End-use, 2016 – 2026 (US$ Bn)
FIG. 23 Global DDLS Market for Industrial-Use, 2016 – 2026 (US$ Bn)
FIG. 24 North America DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 25 U.S. DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 26 Rest of North America DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 27 Europe DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 28 U.K. DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 29 Germany DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 30 France DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 31 Rest of Europe DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 32 Asia Pacific DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 33 China DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 34 Japan DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 35 India DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 36 Rest of Asia Pacific DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 37 RoW DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 38 Middle East & Africa (MEA) DDLS Market Value, 2016-2026, (US$ Bn)
FIG. 39 Latin America DDLS Market Value, 2016-2026, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Digital Door Lock Systems (DDLS) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
TABLE 5 Global DDLS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 6 North America DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
TABLE 7 North America DDLS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 8 Europe DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
TABLE 9 Europe DDLS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 10 Asia Pacific DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
TABLE 11 Asia Pacific DDLS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 12 RoW DDLS Market, by Technology, 2016 – 2026 (US$ Bn)
TABLE 13 RoW DDLS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 14 Cisco Systems, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Godrej & Boyce Manufacturing Company Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 Onity Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 ADT Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 Assa Abloy Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 Siemens AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 United Technologies Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Vivint, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Tyco International Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Allegion PLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 Wintec Electronic Tech Co. Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Honeywell International Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Panasonic Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Johnson Controls: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 August Home: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

Frequently Asked Questions

What is the size of Digital Door Lock Systems Market?

The market for Digital Door Lock Systems Market is expected to reach US$ 18.62 billion by 2026.

What is the Digital Door Lock Systems Market CAGR?

The Digital Door Lock Systems Market is expected to see significant CAGR growth over the coming years, at 27.2%.

What is the Forecast period considered for Digital Door Lock Systems Market?

The report is forecasted from 2018-2026.

What is the base year considered for Digital Door Lock Systems Market?

The base year of this report is 2017.

Who are the major players in this market?

Godrej & Boyce Manufacturing Company Ltd., Onity Inc., ADT Inc., Assa Abloy Group, Siemens AG, United Technologies Corporation, Vivint, Inc., Tyco International Ltd., Allegion PLC, Wintec Electronic Tech Co. Ltd., Honeywell International Inc., Panasonic Corporation are some of the major players in the global market.

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