Global Digital Door Lock System Industry By End Use (Residential, Industrial, Commercial), By Type (Biometrics, Keypad), By Technology (Manual, Automatic), and By Application (Residential, Non-residential) - Market Forecast and Size Analysis 2019-2025.

Global Digital Door Lock System Industry was valued at USD 1.5 Billion in the year 2017. Global Digital Door Lock System Industry Report is further estimated to grow at a CAGR of 32.1% from 2019 to reach USD 14.71 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and Europe is considered the fastest growing Industry in the forecasted period. At the country level, China and India are projected to grow strongly in the coming years due to rising population and improved technology.

Major market players in Digital Door Lock System Industry are Hanman, Nestwell Co., Godrej, Cisco Systems, Allegion plc, Panasonic Corp., Hitachi Ltd., Wintec Electronic Tech Co. Ltd, Assa Abloy, Xeeder Technology Co Ltd., and brief information of 11 companies is provided in the report.

SWOT Analysis of Digital Door Lock System Industry
Strength:
Growing demand for enhanced security solutions
Increased popularity of advanced security solutions. For e.g., face recognition.
Increase in the rate of burglaries, property crimes etc.
Weakness:
Expensive and not so cost friendly
Opportunities:
Investment by R&D Department
Upsurge in industrialization and expansion of business
Threats:
Intense competition among the producers

The Global Digital Door Lock System Industry is segmented as By Type, End user, Application and Technology and Region. The Type segment is segmented as biometrics, keypad and multiple functions. Biometrics contributes to the highest Industry share due to wide-scale deployment of fingerprint recognition devices across commercial and residential sectors. The End-Use segment is divided as residential, industrial, and commercial and government in which the commercial sector has the highest share in the Industry.

Digital Door Lock System Industry Segmentation:
By End Use
• Residential
• Industrial
• Commercial
• Government

By Type
• Biometrics
• Keypad
• Multiple functions

By Technology
• Manual
• Automatic
• Access Control

By Application
• Residential
• Non residential
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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