Sale

RFID Locks Market

Global RFID Locks Market Size, Share, Trends, Forecast: By Access Device: Key Cards, Mobile Phones, Wearables; By End Use: Residential, Hospitality, Automotive, Government, Retail, BFSI, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Global RFID Locks Market Outlook

The global RFID locks market attained a value of USD 4.95 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 19.4% to reach USD 24.47 billion by 2032.                  

 

Global RFID Locks Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Growing Utilisation in the Hospitality Sector to Aid the RFID Locks Industry Growth

Based on application, the hospitality segment accounted for a considerable share of the global market. This segment extensively utilises key cards and is likely to provide ample opportunities for integrating latest technologies in the RFID locks industry to grow further. Meanwhile, the COVID-19 pandemic, which has had a severe impact on the growth of various industries worldwide, has provoked awareness among people to maintain minimum contact in public places. This factor is likely to boost the product demand in the long term.

 

Growing Shift towards Technology and Convenience, especially in Developing Regions, to Enhance the Market Growth of RFID Locks

Workplaces around the world are adopting RFID locks in their operations, including physical access or restrictions, computer access, and others to maintain security and accountability. In addition, RFID locks have been witnessing increased adoption in the residential and government sectors due to their integration with smartphone technology in the recent years. Thus, the increasing adoption of smartphones in developing countries of the Asia Pacific, Latin America, and the Middle East and Africa is likely to boost the demand for RFID locks in the coming years.

 

RFID Locks: Market Segmentation

Radio-frequency identification lock, abbreviated as RFID lock, is an electronic lock technology that utilises the radio frequency as its key. It is a contactless alternative to conventional contactable card locks that uses specific frequency transmitted by smart chip embedded in the access device to identify the person with access permission.

 

Global RFID Locks Market by Segment

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

By access device, the market is segmented into:

  • Key Cards
  • Mobile Phones
  • Wearables

The market can be broadly categorised based on its end use into:

  • Residential
  • Hospitality
  • Automotive
  • Government
  • Retail
  • BFSI
  • Others

The EMR report looks into the regional markets of RFID locks like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global RFID Locks Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Increasing Adoption of Smartphones to Aid the Growth of the RFID Locks Industry

The global market for RFID locks is primarily driven by the increased adoption of smartphones all over the world. The subsequent additions to the features of smartphone are paving the way for its higher penetration in the day-to-day lives of its users. Likewise, a surge is being witnessed in the usage of advanced security devices in the commercial and government sectors. The strict policies of workplaces to restrict their offices to employees, the need to have government offices secured, and the rapid technological advancements, among others, are expected to augment the demand for RFID locks for entry-exit doorways.  Moreover, the rising cases of crimes related to theft and burglary offer significant growth opportunities to the market for application in the residential sector. Apart from this, the rising awareness regarding social distancing and personal hygiene is expected to be another factor propelling the demand for contactless security systems, thus, aiding the market.

However, the use of smartphones in security devices is expected to lure hackers and criminals to attempt cyber-attacks to compromise the safety of various applications, which might hinder the demand for RFID locks. Nonetheless, subsequent changes in technology are expected to prevent any such compromises.

 

Key Industry Players in the Global RFID Locks Market

The report presents a detailed analysis of the following key players in the global RFID locks market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Assa Abloy AB
  • Samsung Electronics Co. Ltd.
  • dormakaba Group
  • Godrej & Boyce Mfg. Co. Ltd 
  • MIWA Lock Co.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Access Device
  • End Use
  • Region
Breakup by Access Device
  • Key Cards
  • Mobile Phones
  • Wearables
Breakup by End Use
  • Residential
  • Hospitality
  • Automotive
  • Government
  • Retail
  • BFSI
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Assa Abloy AB
  • Samsung Electronics Co. Ltd.
  • dormakaba Group
  • Godrej & Boyce Mfg. Co. Ltd 
  • MIWA Lock Co.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an
editable PPT, according to the purchase option.

 

RFID Locks Market Report Snapshots

RFID Locks Market Size

RFID Locks Market Growth

RFID Locks Companies

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface   
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global RFID Locks Market Analysis

    8.1    Key Industry Highlights
    8.2    Global RFID Locks Historical Market (2018-2023) 
    8.3    Global RFID Locks Market Forecast (2024-2032)
    8.4    Global RFID Locks Market by Access Device
        8.4.1    Key Cards
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Mobile Phones
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Wearables
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global RFID Locks Market by End Use
        8.5.1    Residential
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Hospitality
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Automotive
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Government
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Retail
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    BFSI
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Others
    8.6    Global RFID Locks Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032) 
9    North America RFID Locks Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe RFID Locks Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific RFID Locks Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America RFID Locks Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa RFID Locks Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Assa Abloy AB
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Samsung Electronics Co. Ltd.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3     dormakaba Group
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Godrej & Boyce Mfg. Co. Ltd 
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    MIWA Lock Co.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global RFID Locks Market: Key Industry Highlights, 2018 and 2032
2.    Global RFID Locks Historical Market: Breakup by Access Device (USD Billion), 2018-2023
3.    Global RFID Locks Market Forecast: Breakup by Access Device (USD Billion), 2024-2032
4.    Global RFID Locks Historical Market: Breakup by End-Use (USD Billion), 2018-2023
5.    Global RFID Locks Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
6.    Global RFID Locks Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global RFID Locks Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America RFID Locks Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America RFID Locks Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe RFID Locks Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe RFID Locks Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific RFID Locks Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific RFID Locks Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America RFID Locks Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America RFID Locks Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa RFID Locks Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa RFID Locks Market Forecast: Breakup by Country (USD Billion), 2024-2032   
18.    Global RFID Locks Market Structure

Key Questions Answered in the Report

In 2023, the global market attained a value of nearly USD 4.95 billion.

The market is projected to grow at a CAGR of 19.4% between 2024 and 2032.

The major market drivers include the rapid adoption of smartphones, the surging use of RFID locks in the hospitality sector, and the growing integration of latest technologies in RFID locks.

The key trends propelling the market growth are the growing adoption of RFID locks in workplaces, the usage of advanced security devices in the commercial and government sectors, and the rising awareness regarding social distancing and personal hygiene. 

The major regions in the market are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific.

The various access devices considered in the market report are key cards, mobile phones, and wearables.

Residential, hospitality, automotive, government, retail, and BFSI, among others, are the several end uses of RFID locks.

The major players in the market are Assa Abloy AB, Samsung Electronics Co. Ltd., dormakaba Group, Godrej & Boyce Mfg. Co. Ltd, and MIWA Lock Co., among others.

Analyst Review

The global RFID locks market attained a value of USD 4.95 billion in 2023, driven by the rapid adoption of smartphones worldwide. Aided by the growing demand for security technologies from the commercial and government sectors and the rising number of theft and burglary cases, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 19.4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on the access device, the global RFID locks industry can be segmented into key cards, mobile phones, and wearables. On the basis of end-use, the industry is divided into residential, hospitality, automotive, government, retail, and BFSI, among others, with the hospitality sector accounting for the leading share in the industry. The major regional markets for the RFID locks market are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific. The key players in the above market include Assa Abloy AB, Samsung Electronics Co. Ltd., dormakaba Group, Godrej & Boyce Mfg. Co. Ltd, and MIWA Lock Co., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER