The wireless door lock systems are being increasingly adopted due to reliability features like convenience, security, and sustainability.
At the same time, the fact that the key manufacturers have to be continuously on the toes due to rapid alterations in technology can’t be ignored. Plus, the initial cost of these wireless door lock systems is quite high, which might prohibit all individuals from using them.
Penetration of smartphones is expected to pull the wireless door lock system market through the forecast period. Also, there has been a drastic decrease in the costs of cloud infrastructure as well as mobile broadband. This is another factor driving the market for wireless door lock systems, as per Persistence Market Research.
Category-wise Insights
The global wireless door lock system market, by connectivity, spans Bluetooth & Wi-Fi, RFID, Keypads, and scanners & others. By end-use, it’s commercial, residential, government, and industrial. Out of these, RFID is expected to hold the largest market share in the years to come. Persistence Market Research has its team of analysts and consultants delve deep into the wireless door lock system market through its latest market study entitled “Wireless Door Lock System Market”.
Region-wise Analysis
Europe holds the largest market share, followed by North America. This could be credited to these regions moving towards smart home technology, solutions, and services. As far as the Asia-Pacific is concerned, China rules the roost. India is expected to take over in the forecast period. Persistence Market Research has etched these facts with insights in its latest market study entitled “Wireless Door Lock System Market”.
Competitive Landscape
Persistence Market Research has profiled the key players in the wireless door lock system market as ASSA ABLOY Group, Robert Bosch GmbH, Godrej Locking Solutions & Systems, Johnson Controls Plc, Centurion Systems, Honeywell International, Inc., Salto Systems K.S, Dormakaba Holding AG, SentriLock, LLC, Hanman International Pte Ltd., (Samsung), Spectrum Brands, Inc. (Kwikset), Allegion Plc (Schlage Brand), and likewise.
Persistence Market Research has also not missed out on mentioning the ongoing trends herein and that they are being incorporated by the players mentioned above. For instance – under biometrics”, there are palm recognition, voice and face recognition, and fingerprint recognition, apart from Iris recognition. Fingerprint recognition is the most preferred method, especially in developing economies.
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What Next?
The global wireless door lock system market is likely to witness steadfast growth in the next 10 years – Persistence Market Research
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