What is Wireless Door Lock System Market Scope?
Wireless door locks are systems accustomed to lock and unlock doors while not the necessity of electrical wiring. they are typically battery-powered with internal battery support systems. The growing pandemic has made people prefer no-touch technology. The wireless door lock employs application-based, card-based and many other wireless technology substitutes for recognizing and unlock the doors.
The Wireless Door Lock System market study is being classified by Type (Bluetooth & Wi-Fi, RFID and Others), by Application (Residential, Commercial, Government and Industrial) and major geographies with country level break-up.
The global market for wireless door lock systems is fragmented by global key players owing to rising smart home infrastructure or smart industrial, commercial setup. The key players should focus on innovating and simplifying the locking and unlocking technology in order to withstand the rising competition. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Wireless Door Lock System market throughout the predicted period.
ASSA ABLOY Group (Sweden), Robert Bosch GmbH (Germany), Godrej Locking Solutions & Systems (India), Johnson Controls Plc (Ireland), Centurion Systems (United States), Honeywell International, Inc. (United States), Salto Systems K.S (United States), Dormakaba Holding AG (Switzerland), SentriLock, LLC (United States) and Hanman International Pte Ltd. (Singapore) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Spectrum Brands, Inc. (United States), Allegion plc (Ireland) and Xiaomi Global Community (China).
Analyst at AMA have segmented the market study of Global Wireless Door Lock System market by Type, Application and Region.
On the basis of geography, the market of Wireless 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 Influencers and their development strategies
In 2020, ASSA ABLOY acquired AM Group, an Australian industrial door company within entrance automation. This acquisition includes the addition of rolling steel doors and bi-fold doors, to ASSA ABLOY's commercial network, technologies, and competencies.
In 2020, Xiaomi launched its first fully automatic smart door lock, called Xiaomi Automatic Smart Door Lock. It supports 20-bit virtual input with few different unlocking methods such as NFC unlocking, mobile Bluetooth unlocking, Home Kit unlocking, among others.
Influencing Market Trend
- Innovation in Locking Solutions and Integration with Surveillance Systems
- Rise in Demand for Home Automation and Smart Home Planning for Residential Security
- Rise in Non-Residential Construction Industries and Industrialisation in Developing Cities
- Encryption Based Wireless Door Lock System
- High Installation and Maintenance Costs Involved in System Setup
- Usage of Conventional Door Locks and Less Awareness about Wireless Door Lock
- Risk of Cyber Attack
Key Target AudienceWireless Door Lock System Provider, Component Provider, Commercial Construction Companies, Research Institutes and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Wireless Door Lock System market expands?
The Global Wireless Door Lock System market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Wireless Door Lock System market?
The prominent players of Global Wireless Door Lock System market are ASSA ABLOY Group (Sweden), Robert Bosch GmbH (Germany), Godrej Locking Solutions & Systems (India), Johnson Controls Plc (Ireland), Centurion Systems (United States), Honeywell International, Inc. (United States), Salto Systems K.S (United States), Dormakaba Holding AG (Switzerland), SentriLock, LLC (United States) and Hanman International Pte Ltd. (Singapore), to name a few.
3. What are the top priorities to focus for Wireless Door Lock System marketís growth?
In this highly competitive & fast evolving Wireless Door Lock System industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.