Digital Door Lock System Market Scope
Digital door lock can be used to replace a traditional key or to add automatic functionality such as remote locking and unlocking. Each digital door lock has its own set of benefits and drawbacks. Key types, key cards, and remote controllers are all examples of physical keys that might be lost or destroyed. It's easy to lose track of numerical keys. Many modern security providers are now supplying electronic door locks to homes and companies, despite the fact that most are seen in cars. Digital door locks have recently become popular as part of the Internet of Things (IoT) (Internet of Things). However, the media has reported that ineligible users have opened digital door locks in order to gain access to people's homes and offices.
The Digital Door Lock System market study is segmented by Type (Keypad Lock, RFID Card Digital Lock, Keyless Remote Lock and Biometrics Lock) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Digital Door Lock System market throughout the predicted period.
ASSA ABLOY Group (Sweden), dormakaba Holding AG (Switzerland), Godrej Group (India), Hitachi Ltd. (Japan), Honeywell International, Inc. (United States), Kwikset (United States), Ozone Overseas Pvt. Ltd. (India), Safewise (United States), Samsung SDS (South Korea) and Siemens AG (Germany) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Digital Door Lock System market by Type, Application and Region.
On the basis of geography, the market of Digital Door Lock System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 5th December 2017 - ASSA ABLOY Acquired August Home (Leading Smart Lock Manufacturer). ASSA ABLOY's Residential Smart Door Strategy Is Bolstered by August Home's Addition of Complementary Smart Locks, Development into Video Doorbells, And Full Home Delivery Solutions.
On 29th June 2021 - Xiaomi Launched Mi Automatic Smart Door Lock Pro with MIJIA & HomeKit Compatibility. The Xiaomi Smart Life's Headline Product Is the Mi Automatic Smart Door Lock Pro, Which Is Said to Provide Improved Performance. The Door Lock Is Equipped with A High-End Automated Camera in Addition to Normal Lock Body Installation.
- Emergence of Advance Security Systems
- Rising Security Awareness
- Prevalence of Theft and Burglary Cases
- Increasing Demand Across European Region
- Technological Limitations
- Fierce competitive Pressure
- High Initial Investments
Key Target AudienceDigital Door Lock System Manufactures, New Entrants and Investors, Digital Door Lock System Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others