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Global Wireless Door Lock System Market: By Component: Hardware, Software; By Connectivity: Scanners, Locks, Transceivers, Batteries; By End Use: Commercial, Government, Industrial, Residential; Regional Analysis; Historical Market and Forecast (2016-2026); Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Wireless Door Lock System Market Outlook

The global wireless door lock system market reached a value of about USD 1.02 billion in 2020. The industry is further expected to grow at a CAGR of about 9% in the forecast period of 2021-2026 to reach a value of around USD 1.71 billion by 2026.

 

North America Leading the Wireless Door Lock System Market

North America is expected to lead the global for wireless door lock systems due to growing expenditures on smart automation technologies and the presence of advanced security infrastructure. Businesses in the United States are now using smart and secure wireless locks to automatically lock or unlock classrooms, lecture halls, operating rooms, hotel rooms, laboratories, and storage facilities to enhance security. Asia Pacific is emerging as the fastest-growing area due to the increasing adoption of a wireless door lock system in response to growing smart home markets and rapid economic development.

 

Wireless Door Lock System: Industry Definition and Segmentation

Wireless door locks are devices used to lock and unlock doors without the need for electrical wiring. They are normally operated by internal battery support systems.

Based on component, the industry can be divided as follows:

  • Hardware
  • Software

The connectivity can be segmented as follows:

  • Scanners
  • Locks
  • Transceivers
  • Batteries
  • Others

It finds end-uses in the following sectors:

  • Commercial
  • Government
  • Industrial
  • Residential
  • Others

The regional markets for wireless door lock system can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Smart Homes Bolstering the Market Growth

The demand for smart homes has risen dramatically in developed regions over the last five years due to the growing usage of smartphones and other smart devices. Residential protection is a big concern for people living in multi-family apartments. Smart home solutions include sophisticated security technologies such as security alarms, sensors, electronic locks, and cameras, along with other smart features. People are embracing systems with advanced security features integrated in their smart homes and seeing them as a value-added service for improved quality of life. These factors enable electronic lock vendors to innovate in their lock solutions, which in turn stimulate the growth of the wireless door lock industry.

 

Key Industry Players in the Global Wireless Door Lock System Market

The report gives a detailed analysis of the following key players in the global wireless door lock system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Johnson Controls Plc
  • Hanman International Pte Ltd
  • Godrej & Boyce Manufacturing Company Limited
  • SentriLock, LLC
  • Honeywell International Inc.
  • Centurion Systems
  • SALTO System
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8    Global Wireless Door Lock System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Wireless Door Lock System Historical Market (2016-2020) 
    8.3    Global Wireless Door Lock System Market Forecast (2021-2026)
    8.4    Global Wireless Door Lock System Market by Component
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Wireless Door Lock System Market by Connectivity
        8.5.1    Scanners
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Locks
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Transceivers
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Batteries
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Wireless Door Lock System Market by End Use
        8.6.1    Commercial
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Government
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Industrial
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Residential
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Others
    8.7    Global Wireless Door Lock System Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Johnson Controls Plc
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Hanman International Pte Ltd
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Godrej & Boyce Manufacturing Company Limited
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    SentriLock, LLC
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Honeywell International Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Centurion Systems
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    SALTO System
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Wireless Door Lock System Historical Market: Breakup by Component (USD Billion), 2016-2020
2.    Global Wireless Door Lock System Market Forecast: Breakup by Component (USD Billion), 2021-2026
3.    Global Wireless Door Lock System Historical Market: Breakup by Connectivity (USD Billion), 2016-2020
4.    Global Wireless Door Lock System Market Forecast: Breakup by Connectivity (USD Billion), 2021-2026
5.    Global Wireless Door Lock System Historical Market: Breakup by End Use (USD Billion), 2016-2020
6.    Global Wireless Door Lock System Market Forecast: Breakup by End Use (USD Billion), 2021-2026
7.    Global Wireless Door Lock System Historical Market: Breakup by Region (USD Billion), 2016-2020
8.    Global Wireless Door Lock System Market Forecast: Breakup by Region (USD Billion), 2021-2026
9.    North America Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2016-2020
10.    North America Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2021-2026
11.    Europe Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2016-2020
12.    Europe Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2021-2026
13.    Asia Pacific Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2016-2020
14.    Asia Pacific Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2021-2026
15.    Latin America Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2016-2020
16.    Latin America Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2021-2026
17.    Middle East and Africa Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2016-2020
18.    Middle East and Africa Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2021-2026
19.    Global Wireless Door Lock System Market Structure

Key Questions Answered in the Report

The global wireless door lock system market reached a value of USD 1.02 billion in 2020.

The market is projected to grow at a CAGR of nearly 9% in the forecast period of 2021-2026.

The market is estimated to reach a value of about USD 1.71 billion by 2026.

The market is being driven by factors like rising population, growing urbanisation, changing lifestyles of the consumers, rising penetration of smartphones, and the increased use of smart homes.

The increased demand for residential protection acts as an important industry trend.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.

The components can be divided into hardware and software.

The connectivity types include scanners, locks, transceivers, and batteries, among others.

Wireless door lock system finds end-use in commercial, government, industrial, and residential, among others.

The leading players in the market are Johnson Controls Plc, Hanman International Pte Ltd, Godrej & Boyce Manufacturing Company Limited, SentriLock, LLC, Honeywell International Inc., Centurion Systems, and SALTO System, among others.

Analyst Review

The global wireless door lock system market attained a value of USD 1.02 billion in 2020 driven by the changing lifestyles of the consumers. Aided by the rising use of smart homes, the industry is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 9%. The industry is projected to reach USD 1.71 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. By component, the market can be divided into hardware and software. Based on its connectivity type, the global market for wireless door lock system can be segmented into scanners, locks, transceivers, and batteries, among others. On the basis of end use, the global industry can be divided into commercial, government, industrial, and residential, among others. The major regional markets for wireless door lock system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Johnson Controls Plc, Hanman International Pte Ltd, Godrej & Boyce Manufacturing Company Limited, SentriLock, LLC, Honeywell International Inc., Centurion Systems, and SALTO System, 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.

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