DUBLIN--(BUSINESS WIRE)--The "Digital Door Lock System - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Digital Door Lock System estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$17.9 Billion by 2027, growing at a CAGR of 27.5% over the period 2020-2027.
Biometrics, one of the segments analyzed in the report, is projected to record 28.7% CAGR and reach US$13.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Keypad Locks segment is readjusted to a revised 24.1% CAGR for the next 7-year period.
The U. S. Market is Estimated at $983.6 Million, While China is Forecast to Grow at 26.7% CAGR
The Digital Door Lock System market in the U. S. is estimated at US$983.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2027 trailing a CAGR of 26.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.7% and 23.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.2% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- ADT Inc. (dba ADT Security Services, Inc.)
- Allegion PLC
- Assa Abloy AB
- August Home
- Cisco Systems, Inc.
- Godrej & Boyce Manufacturing Co., Ltd.
- Honeywell International, Inc.
- Johnson Controls, Inc.
- Onity, Inc.
- Panasonic Corporation
- Vivint, Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Digital Door Lock System Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- Digital Door Lock System Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
- Digital Door Lock System Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
- Biometrics (Type) World Market by Region/Country in US$ Million: 2020 to 2027
- Biometrics (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
- Keypad Locks (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
- Keypad Locks (Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
- Government (End-Use Industry) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
- Government (End-Use Industry) Market Share Breakdown by Region/Country: 2020 VS 2027
- Commercial (End-Use Industry) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
- Commercial (End-Use Industry) Share Breakdown Review by Region/Country: 2020 VS 2027
- Industrial (End-Use Industry) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
- Industrial (End-Use Industry) Distribution of Global Sales by Region/Country: 2020 VS 2027
- Residential (End-Use Industry) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
- Residential (End-Use Industry) Global Market Share Distribution by Region/Country for 2020 and 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 42
For more information about this report visit https://www.researchandmarkets.com/r/g5isle
