Reports
Global Wireless Door Lock System Market Growth, Forecast: By Component: Hardware, Software; By Connectivity: Scanners, Locks, Transceivers, Batteries, Others; By End Use: Commercial, Government, Industrial, Residential, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Wireless Door Lock System Market Outlook
The global wireless door lock system market reached a value of about USD 1.21 billion in 2023. The industry is further expected to grow at a CAGR of about 9% in the forecast period of 2024-2032 to reach a value of around USD 2.03 billion by 2032.
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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: Market 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.
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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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
| 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- Component, Connectivity, End Use, Region |
| Breakup by Component | Hardware, Software |
| Breakup by Connectivity | Scanners, Locks, Transceivers, Batteries, Other |
| Breakup by End Use | Commercial, Government, Industrial, Residential, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Johnson Controls Plc, Hanman International Pte Ltd, Godrej & Boyce Manufacturing Company Limited, SentriLock, LLC, Honeywell International Inc., Centurion Systems, SALTO System, 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. |
*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 Wireless Door Lock System Market Analysis
8.1 Key Industry Highlights
8.2 Global Wireless Door Lock System Historical Market (2018-2023)
8.3 Global Wireless Door Lock System Market Forecast (2024-2032)
8.4 Global Wireless Door Lock System Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Wireless Door Lock System Market by Connectivity
8.5.1 Scanners
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Locks
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Transceivers
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Batteries
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Wireless Door Lock System Market by End Use
8.6.1 Commercial
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Government
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Residential
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Wireless Door Lock System Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Wireless Door Lock System 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 Wireless Door Lock System 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 Wireless Door Lock System 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 Wireless Door Lock System 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 Wireless Door Lock System 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 Johnson Controls Plc
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 Hanman International Pte 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 Godrej & Boyce Manufacturing Company Limited
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 SentriLock, LLC
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 Honeywell International Inc.
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 Centurion Systems
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 SALTO System
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wireless Door Lock System Historical Market: Breakup by Component (USD Billion), 2018-2023
2. Global Wireless Door Lock System Market Forecast: Breakup by Component (USD Billion), 2024-2032
3. Global Wireless Door Lock System Historical Market: Breakup by Connectivity (USD Billion), 2018-2023
4. Global Wireless Door Lock System Market Forecast: Breakup by Connectivity (USD Billion), 2024-2032
5. Global Wireless Door Lock System Historical Market: Breakup by End Use (USD Billion), 2018-2023
6. Global Wireless Door Lock System Market Forecast: Breakup by End Use (USD Billion), 2024-2032
7. Global Wireless Door Lock System Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Global Wireless Door Lock System Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. North America Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Europe Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2018-2023
12. Europe Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Asia Pacific Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2018-2023
14. Asia Pacific Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2024-2032
15. Latin America Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2018-2023
16. Latin America Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2024-2032
17. Middle East and Africa Wireless Door Lock System Historical Market: Breakup by Country (USD Billion), 2018-2023
18. Middle East and Africa Wireless Door Lock System Market Forecast: Breakup by Country (USD Billion), 2024-2032
19. Global Wireless Door Lock System Market Structure
Key Questions Answered in the Report
The market reached a value of USD 1.21 billion in 2023.
The market is projected to grow at a CAGR of 9% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 2.03 billion by 2032.
The market is being driven by factors like changing lifestyles of the consumers and the rising penetration of smartphones.
The increased demand for residential protection and the rising adoption of smart homes are the key trends in the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The components of wireless door lock systems are hardware and software.
The various connectivities include scanners, locks, transceivers, and batteries, among others.
The various end uses for the market are commercial, government, industrial, and residential, among others.
The key players in the global wireless door lock system 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 1.21 billion in 2023 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 2024-2032, growing at a CAGR of 9%. The industry is projected to reach USD 2.03 billion by 2032.
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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