Global Digital Door Lock System Market – Industry Analysis And Forecast (2018-2026)
Global Digital Door Lock System Market size is expected to reach US$ 1.0595 Bn in 2017 and US$ 11.2300 Bn by 2026, expanding at a CAGR of 29.99% during forecast period.Global Digital Door Lock System MarketDigital door lock system market is segmented into product type, end user, and region.
On basis of product type market is divided into biometrics, and keypad lock. End user segment is classified into Residential, Commercial, Industrial, and Government. Geographically digital door lock system market is spread into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
As technology being relevant to biometric methods such as face and fingerprint recognition are connected further, the cost of the systems are expected to fall and become more reasonable. In the past years, digital door locking systems have appeared as an efficient tool to quickly verify individuals as well as keep a log of their entrance and exit. On the back of growing small and medium businesses, the market for digital door locking systems is booming. On the other hand, high cost and foot-dragging of populations to move beyond traditional locks is becoming a restraints, and that is limiting the growth of market.
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Digital door lock system are providing efficiency in day to day life ,with the help of biometric door locks you don’t need to remember to bring along your keys when you go out, no more forgotten and lost keys, no need for spare keys, no more cutting keys for visitors, no need to lock your doors. Digital door locks are more reliable and secured, unless and until you don’t get recognised you cannot have access to that door or you cannot enter from that door.
North America and Europe hold the maximum share of digital door lock system market. Rise in premium houses and high standard of living of people.
Key players operated in digital door lock system are Hanman International Pvt Ltd., Nestwell Technologies, Godrej & Boyce Manufacturing Company Ltd., Cisco Systems, Inc., Panasonic Corporation, Hitachi Ltd., Wintec Electronic Tech Co. Ltd., Assa Abloy Group, Xeeder Technology Co. Ltd., United Technologies Corporation, Honeywell International Inc., and Siemens AG,
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Scope of Digital Door Lock System Market:
Digital Door Lock System Market by Product type:
• Biometrics
• Keypad Locks
Digital Door Lock System Market by End User:
• Residential
• Commercial
• Industrial
• Government
Digital door lock system market by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East & Africa
Key Players in Digital Door Lock System are:
• Hanman International Pvt Ltd.
• Nestwell Technologies
• Godrej & Boyce Manufacturing Company Ltd.
• Cisco Systems, Inc.
• Panasonic Corporation
• Hitachi Ltd.
• Wintec Electronic Tech Co. Ltd.
• Assa Abloy Group
• Xeeder Technology Co. Ltd.
• United Technologies Corporation
• Honeywell International Inc.
• Siemens AG.
MAJOR TOC OF THE REPORT
Chapter One: Digital Door Lock System Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Digital Door Lock System Market Competition, by Players
Chapter Four: Global Digital Door Lock System Market Size by Regions
Chapter Five: North America Digital Door Lock System Revenue by Countries
Chapter Six: Europe Digital Door Lock System Revenue by Countries
Chapter Seven: Asia-Pacific Digital Door Lock System Revenue by Countries
Chapter Eight: South America Digital Door Lock System Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Digital Door Lock System by Countries
Chapter Ten: Global Digital Door Lock System Market Segment by Type
Chapter Eleven: Global Digital Door Lock System Market Segment by Application
Chapter Twelve: Global Digital Door Lock System Market Size Forecast (2019-2026)
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