Digital Door Lock Systems Market: Introduction
Transparency Market Research delivers key insights into the global digital door lock systems market. In terms of revenue, the global digital door lock systems market is estimated to expand at a CAGR of ~14% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global digital door lock systems market.
The global market for digital door lock systems is largely affected by numerous factors, including a techno-savvy population and growing adoption of digital door lock systems for home security and safety. The rising trend of smart home technology is driving the global market for digital door lock systems.
Digital Door Lock Systems Market: Key Players
Key players operating in the global digital door lock systems market are ADT, Inc., Onity Inc., Assa Abloy Group, Vivint, Inc., Allegion PLC, Godrej & Boyce Manufacturing Co. Ltd., Panasonic Corporation, Honeywell International, Inc., Spectrum Brands, Inc., and Salto Systems S.L.
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Digital Door Lock Systems Market: Key Segments
The global market for digital door lock systems has been segmented by type, end use, and region. Based on type, the digital door lock systems market has been divided into keypad lock, RFID card digital lock, keyless remote lock, and biometrics lock. The demand for keypad locks and biometric locks is very high, and the trend is anticipated to continue during the forecast period, owing to the frequent launch of new products. The biometrics lock segment is further classified into fingerprint recognition, palm recognition, face recognition, voice recognition, iris recognition, and others. Fingerprint recognition segment accounted for a major revenue share in 2019 and is anticipated to expand at a CAGR of 18.4% during the forecast period.
Based on end use, the digital door lock systems market has been classified into commercial, residential, government, and industrial. The commercial segment accounted for a significant market share, in terms of revenue in 2019. Furthermore, the segment is estimated to record a CAGR of 14.4% during the forecast period.
Global Digital Door Lock Systems Market: Segmentation
Digital Door Lock Systems Market, by Type
- Keypad Lock
- RFID Card Digital Lock
- Keyless Remote Lock
- Biometrics Lock
- Fingerprint Recognition
- Palm Recognition
- Face Recognition
- Voice Recognition
- Iris Recognition
Digital Door Lock Systems Market, by End Use
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In the end, Digital Door Lock Systems industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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