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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
RFID Locks Market Size
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.
RFID Locks Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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.
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