Digital door lock market
The global digital door lock systems market iwas valued at US$ 731.9 Mn in 2014 and is forecast to grow at a CAGR of 31.8% during the period 2015 to 2023. Growth of micro, small and medium enterprises (MSMEs) across the world and high industrial activity are the key factors driving the growth of the digital door lock systems market. In addition, the enhanced security needs of customers are driving the adoption of security solutions in the residential sector. Managed security solutions at affordable prices are expected to drive growth of this market over the forecast period.
In terms of end-users, commercial is the largest segment contributing to the market. Residential is the second largest segment. Home-based and small to mid-sized businesses are expected to be the target markets driving the.
Manufacturers that are positioned to benefit include Godrej & Boyce, Assa-Abloy and Weiser Lock, Siemens AG. These companies manufacture digital door locks systems for both home and businesses that capture different types of biometrics such as fingerprints, palm, and voice and use them to identify residents and personnel to allow entry.
The largest, most demanding and dynamic customer segment is institutional and commercial customers. These include corporate workplaces, universities, hospitals, government agencies, airports and shopping malls, buildings with high security requirements where a large number of people and goods enter and exit daily.
Smart home applications are in demand and are supported by the increased use of smart phones and tablets. Residential security has become the major part of smart home applications. People are opting for the latest technologies and solutions available in the market for a high level of security and automation in their home premises. Smart home applications now include more advance features such as security alarms, sensors, electronic locks, cameras etc. along with other smart features such as control over the home living environment including; lighting, climate controls, fire alarms and power management.
Some of the major industry players profiled in the study include Honeywell International Inc., Godrej & Boyce Manufacturing Company Ltd., Assa Abloy Group, Cisco Systems, Inc., United Technologies Corporation, Siemens AG, Panasonic Corporation, Nestwell Technologies, Vivint, Inc., Hanman International Pte Ltd., Hitachi, Ltd. and Tyco International Ltd.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Gregor Harvie argues that AI is state-sanctioned theft of IP.
Many resources for visitors aswell as new features for members.
Using technology to empower communities
The Community data platform; capturing the DNA of a place and fostering participation, for better design.
Heat pump and wind turbine sound calculations for PDRs
MCS publish updated sound calculation standards for permitted development installations.
Homes England creates largest housing-led site in the North
Successful, 34 hectare land acquisition with the residential allocation now completed.
Scottish apprenticeship training proposals
General support although better accountability and transparency is sought.
The history of building regulations
A story of belated action in response to crisis.
Moisture, fire safety and emerging trends in living walls
How wet is your wall?
Current policy explained and newly published consultation by the UK and Welsh Governments.
British architecture 1919–39. Book review.
Conservation of listed prefabs in Moseley.
Energy industry calls for urgent reform.
Heritage staff wellbeing at work survey.
A five minute introduction.
50th Golden anniversary ECA Edmundson apprentice award
Showcasing the very best electrotechnical and engineering services for half a century.
Welsh government consults on HRBs and reg changes
Seeking feedback on a new regulatory regime and a broad range of issues.
CIOB Client Guide (2nd edition) March 2025
Free download covering statutory dutyholder roles under the Building Safety Act and much more.