Insights on the Digital Door Locks Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 - Technavio

LONDON--(BUSINESS WIRE)--Nov 17, 2020--

The digital door locks market is expected to grow by USD 10 bn, progressing at a CAGR of over 28% during the forecast period.

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Technavio has announced its latest market research report titled Global Digital Door Locks Market 2020-2024 (Graphic: Business Wire)

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The diversified applications of digital door locks is one of the major factors propelling market growth.

More details:https://www.technavio.com/report/digital-door-locks-market-industry-analysis

Digital Door Locks Market: Product Landscape

Based on the product, the Biometric digital lock segment is expected to witness lucrative growth during the forecast period.

Digital Door Locks Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 51% of the market’s overall growth is expected to originate from APAC. China, Japan, and India are the key markets for digital door locks in APAC.

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Companies Covered:

  • Allegion Plc
  • ASSA ABLOY AB
  • dormakaba Holding AG
  • Godrej & Boyce Mfg. Co. Ltd.
  • Honeywell International Inc.
  • Napco Security Technologies Inc.
  • Salto Systems SL
  • Samsung Electronics Co. Ltd.
  • Spectrum Brands Holdings Inc.
  • United Technologies Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market size
  • Market Outlook
  • Market sizing 2019
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Biometric Digital Locks - Market size and forecast 2019-2024
  • Keypad Locks - Market size and forecast 2019-2024
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing demand for safety and security by the residential housing and commercial sectors
  • Easy to install and technologically advanced customized digital door locks
  • Adoption of smart locks

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Allegion Plc
  • ASSA ABLOY AB
  • dormakaba Holding AG
  • Godrej & Boyce Mfg. Co. Ltd.
  • Honeywell International Inc.
  • Napco Security Technologies Inc.
  • Salto Systems SL
  • Samsung Electronics Co. Ltd.
  • Spectrum Brands Holdings Inc.
  • United Technologies Corp.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201117006129/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD: ASIA PACIFIC

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSUMER ELECTRONICS COMMERCIAL BUILDING & REAL ESTATE TECHNOLOGY CONSTRUCTION & PROPERTY INTERIOR DESIGN BUILDING SYSTEMS ARCHITECTURE RETAIL HOME GOODS OTHER CONSTRUCTION & PROPERTY

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 11/17/2020 06:00 PM/DISC: 11/17/2020 06:01 PM

http://www.businesswire.com/news/home/20201117006129/en

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