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The global wireless door lock system market reached a value of about USD 1.32 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 2.87 billion by 2032.
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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 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:
The connectivity can be segmented as follows:
It finds end-uses in the following sectors:
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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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.
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:
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:
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| Breakup by Component |
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| Breakup by Connectivity |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*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.*
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The market reached a value of USD 1.32 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 2.87 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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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