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Asia-Pacific Digital Door Lock System Market Outlook, 2028

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    Report

  • 106 Pages
  • June 2023
  • Region: Asia Pacific
  • Bonafide Research
  • ID: 5830735
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Asia Pacific has witnessed significant growth in smart home adoption, and digital door lock systems play a crucial role in creating connected and intelligent living spaces. These systems are designed to integrate with other smart home devices, such as lighting, thermostats, and security cameras, enabling users to control and manage multiple aspects of their homes through a centralized platform. Furthermore, The Asia Pacific region has seen widespread adoption of mobile technology and high smartphone penetration rates. Digital door lock systems in this region often leverage mobile connectivity and integration, allowing users to control and monitor access remotely through mobile applications. This mobile-centric approach aligns with the region's mobile-first culture and enables seamless access management. Moreover, the increasing adoption of smart home technologies and the Internet of Things (IoT) is driving the demand for digital door lock systems in North America. Homeowners are integrating various smart devices, including digital door locks, into their homes for centralized control and convenience. Digital door lock systems can be integrated with other smart home devices, such as security cameras and smart assistants, allowing users to manage their homes more efficiently. In addition, the Asia Pacific region attracts a significant number of tourists, and the hospitality industry plays a vital role in catering to their needs. Many hotels, resorts, and guesthouses in the region have adopted digital door lock systems to enhance security and provide a seamless experience for their guests. This adoption has further contributed to the cultural acceptance of digital door lock systems among the general population.

According to the research report, Asia-Pacific Digital Door Lock System Market Outlook, 2028 the market is expected to grow with 21.60% CAGR by 2023-28. Cloud-based management and analytics solutions are gaining prominence in the Asia-Pacific digital door lock system market. With these solutions, users and administrators can remotely manage and monitor access, receive real-time notifications, and access data analytics related to door usage and security events. Cloud-based platforms offer scalability, flexibility, and easy integration with other security systems. Furthermore, with the increasing demand for tailored solutions, manufacturers are offering customization and integration services for digital door lock systems. These services cater to the specific requirements of customers, allowing them to integrate the lock systems with their existing security infrastructure or customize the features and functionalities based on their needs. Moreover, environmental sustainability is gaining importance in the Asia-Pacific digital door lock system market. Manufacturers are developing energy-efficient products that consume less power, use eco-friendly materials, and incorporate sustainable manufacturing practises. This trend aligns with the growing focus on green initiatives and sustainable development across the region. In addition, as digital door lock systems become more connected and integrated, the focus on cybersecurity has intensified. Manufacturers are investing in robust security measures to protect against potential cyber threats and hacking attempts. This includes implementing encryption protocols, secure communication channels, and regular software updates to address vulnerabilities and ensure the integrity and privacy of user data.

China has the largest population in the world, which translates into a vast consumer base for digital door lock systems. The growing middle class with increasing disposable incomes is driving the demand for smart home technologies, including digital door lock systems. The sheer scale of the market in China presents significant opportunities for manufacturers to meet the growing demand. Furthermore, the Chinese government has been supportive of the digital door lock system industry, providing favorable policies and initiatives. The government's focus on smart city development, urbanisation, and home security has encouraged the adoption of digital door lock systems. Additionally, incentives and subsidies are offered to manufacturers to promote research and development in the industry. Moreover, China has made significant investments in research and development (R&D) in various industries, including smart home technologies. Chinese companies are actively involved in R&D activities to innovate and develop advanced digital door lock systems. This emphasis on R&D contributes to the continuous improvement and competitiveness of the products offered in the market. In addition, India's rapid urbanisation is fueling the adoption of digital door lock systems, especially in urban areas. As more people move to cities, the demand for secure and technologically advanced solutions increases. Digital door lock systems cater to the needs of urban dwellers that priorities convenience, safety, and the integration of smart technologies.

In the Asia-Pacific Deadbolt locks are widely used. They offer a high level of security as they require a key or a code to unlock the door. Deadbolt locks are known for their robust construction and resistance to forced entry. They are commonly used in residential properties, hotels, and commercial buildings where enhanced security is a priority. Furthermore, padlocks are portable locks that are not permanently attached to a door or structure. They are often used in applications where temporary security is required, such as lockers, gates, and storage units. Padlocks come in various sizes and designs, including combination padlocks and key-operated padlocks. They provide flexibility and convenience in securing different types of assets. Moreover, lever-handle locks are gaining popularity in the Asia-Pacific market. They offer a user-friendly design, making them easy to operate for individuals of all ages and abilities. Lever-handle locks are commonly used in both residential and commercial applications. They provide a sleek and modern aesthetic while ensuring secure access control.

Fingerprint access is highly convenient and provides fast entry into secured areas. Users do not need to carry keys or remember codes, eliminating the risk of forgetting or losing them. With a simple touch or swipe, users can quickly gain access, making fingerprint access ideal for applications where efficiency and convenience are important, such as residential complexes, offices, and hotels. Furthermore, fingerprint access can be easily integrated into various types of digital door lock systems, including standalone units, networked systems, and smart home security systems. It is a versatile solution suitable for both small-scale residential applications and large-scale commercial installations. The scalability and adaptability of fingerprint access contribute to its dominance in the Asia-Pacific market. In addition, signature access offers a high level of security through the use of dynamic signature recognition. Each individual has a unique signature pattern, making it difficult to replicate or forge. Signature-based access systems provide robust security measures, ensuring that only authorized individuals can gain entry. Furthermore, signature access can be integrated with other biometric systems, such as fingerprint or facial recognition, for multi-factor authentication. This combination of biometric technologies provides an additional layer of security, making it harder for unauthorized individuals to bypass access controls.

Major Companies present in the market:

Honeywell International Inc. , Samsung Electronics Co., Ltd, Assa Abloy AB, Siemens AG, Allegion plc, dormakaba Holding AG, ZKTeco Co., Limited, Spectrum Brands, Holdings, Inc., Master Lock Company, Salto Systems S.L., Dahua Technology Co., Ltd. , Robert Bosch GmbH, Avent Security, Gantner Electronic GmbH., Godrej & Boyce Mfg. Co. Ltd.

Considered in this report

  • Geography: Asia Pacific
  • Historic year: 2017
  • Base year: 2022
  • Estimated year: 2023
  • Forecast year: 2028

Countries covered in the report:

  • China
  • Japan
  • India
  • Australia
  • South Korea

Aspects covered in this report

  • Asia Pacific Digital Door Lock System market with its value and forecast along with its segments
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

By End-use

  • Residential
  • Hotels & Hospitals
  • Commercial (including Hospitality)
  • Industrial
  • Government and Institutions
  • Others (automotive ,vacation rentals)

By Acess Type

  • Face
  • Fingerprint
  • Iris
  • Vein & Palm
  • Voice
  • Signature
  • Keypad Locks
  • Magnetic Strike
  • Electric Strike
  • Other

By Lock Type

  • Deadbolt
  • Padlock
  • Lever Handle
  • Others

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to ready to Digital Door Lock System industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Table of Contents

1. Executive Summary
2. Research Methodology
2.1. Secondary Research
2.2. Primary Data Collection
2.3. Market Formation & Validation
2.4. Report Writing, Quality Check & Delivery
3. Market Structure
3.1. Market Considerate
3.2. Assumptions
3.3. Limitations
3.4. Abbreviations
3.5. Sources
3.6. Definitions
4. Economic /Demographic Snapshot
5. Global Digital Door Lock System Market Outlook
5.1. Market Size By Value
5.2. Market Share By Region
5.3. Market Size and Forecast, By End-Use
5.4. Market Size and Forecast, By Access Type
5.5. Market Size and Forecast, By Lock Type
5.6. Market Size and Forecast, By Connecting Technology Type
6. Asia-Pacific Digital Door Lock System Market Outlook
6.1. Market Size By Value
6.2. Market Share By Country
6.3. Market Size and Forecast, By End-Use
6.4. Market Size and Forecast, By Access Type
6.5. Market Size and Forecast, By Lock Type
6.6. Market Dynamics
6.6.1. Market Drivers & Opportunities
6.6.2. Market Restraints & Challenges
6.6.3. Market Trends
6.6.4. Covid-19 Effect
6.6.5. Supply chain Analysis
6.6.6. Policy & Regulatory Framework
6.6.7. Industry Experts Views
6.7. China Digital Door Lock System Market Outlook
6.7.1. Market Size By Value
6.7.2. Market Size and Forecast By End-Use
6.7.3. Market Size and Forecast By Access Type
6.7.4. Market Size and Forecast By Lock Type
6.8. Japan Digital Door Lock System Market Outlook
6.8.1. Market Size By Value
6.8.2. Market Size and Forecast By End-Use
6.8.3. Market Size and Forecast By Access Type
6.8.4. Market Size and Forecast By Lock Type
6.9. India Digital Door Lock System Market Outlook
6.9.1. Market Size By Value
6.9.2. Market Size and Forecast By End-Use
6.9.3. Market Size and Forecast By Access Type
6.9.4. Market Size and Forecast By Lock Type
6.10. Australia Digital Door Lock System Market Outlook
6.10.1. Market Size By Value
6.10.2. Market Size and Forecast By End-Use
6.10.3. Market Size and Forecast By Access Type
6.10.4. Market Size and Forecast By Lock Type
6.11. South Korea Digital Door Lock System Market Outlook
6.11.1. Market Size By Value
6.11.2. Market Size and Forecast By End-Use
6.11.3. Market Size and Forecast By Access Type
6.11.4. Market Size and Forecast By Lock Type
7. Competitive Landscape
7.1. Competitive Dashboard
7.2. Business Strategies Adopted by Key Players
7.3. Key Players Market Positioning Matrix
7.4. Porter's Five Forces
7.5. Company Profile
7.5.1. Honeywell International Inc.
7.5.1.1. Company Snapshot
7.5.1.2. Company Overview
7.5.1.3. Financial Highlights
7.5.1.4. Geographic Insights
7.5.1.5. Business Segment & Performance
7.5.1.6. Product Portfolio
7.5.1.7. Key Executives
7.5.1.8. Strategic Moves & Developments
7.5.2. Samsung Electronics Co., Ltd
7.5.3. Assa Abloy AB
7.5.4. Siemens AG
7.5.5. Allegion plc
7.5.6. dormakaba Holding AG
7.5.7. ZKTeco Co., Limited
7.5.8. Spectrum Brands Holdings, Inc.
7.5.9. Master Lock Company
7.5.10. Salto Systems S.L
7.5.11. Dahua Technology Co., Ltd.
7.5.12. Robert Bosch GmbH
7.5.13. Avent Security
7.5.14. Gantner Electronic GmbH.
7.5.15. Godrej & Boyce Mfg. Co. Ltd
8. Strategic Recommendations
9. Annexure
9.1. FAQ`s
9.2. Notes
9.3. Related Reports
10. Disclaimer
List of Figures
Figure 1: Global Digital Door Lock System Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global Digital Door Lock System Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 5: Global Digital Door Lock System Market Share By Region (2022)
Figure 6: Asia-Pacific Digital Door Lock System Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: Asia-Pacific Digital Door Lock System Market Share By Country (2022)
Figure 8: China Digital Door Lock System Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: Japan Digital Door Lock System Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: India Digital Door Lock System Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Australia Digital Door Lock System Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 12: South Korea Digital Door Lock System Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 13: Competitive Dashboard of top 5 players, 2022
Figure 14: Porter's Five Forces of Global Digital Door Lock System Market
List of Tables
Table 1: Global Digital Door Lock System Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Influencing Factors for Global Digital Door Lock System Market, 2022
Table 3: Top 10 Counties Economic Snapshot 2020
Table 4: Economic Snapshot of Other Prominent Countries 2020
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Digital Door Lock System Market Size and Forecast, By Geography (2017 to 2028F) (In USD Billion)
Table 7: Global Digital Door Lock System Market Size and Forecast, By End-Use (2017 to 2028F) (In USD Billion)
Table 8: Global Digital Door Lock System Market Size and Forecast, By Access Type (2017 to 2028F) (In USD Billion)
Table 9: Global Digital Door Lock System Market Size and Forecast, By Lock Type (2017 to 2028F) (In USD Billion)
Table 10: Global Digital Door Lock System Market Size and Forecast, By Connecting Technology Type (2017 to 2028F) (In USD Billion)
Table 11: Asia-Pacific Digital Door Lock System Market Size and Forecast, By End-Use (2017 to 2028F) (In USD Billion)
Table 12: Asia-Pacific Digital Door Lock System Market Size and Forecast, By Access Type (2017 to 2028F) (In USD Billion)
Table 13: Asia-Pacific Digital Door Lock System Market Size and Forecast, By Lock Type (2017 to 2028F) (In USD Billion)
Table 14: China Digital Door Lock System Market Size and Forecast By End-Use (2017 to 2028F) (In USD Billion)
Table 15: China Digital Door Lock System Market Size and Forecast By Access Type (2017 to 2028F) (In USD Billion)
Table 16: China Digital Door Lock System Market Size and Forecast By Lock Type (2017 to 2028F) (In USD Billion)
Table 17: Japan Digital Door Lock System Market Size and Forecast By End-Use (2017 to 2028F) (In USD Billion)
Table 18: Japan Digital Door Lock System Market Size and Forecast By Access Type (2017 to 2028F) (In USD Billion)
Table 19: Japan Digital Door Lock System Market Size and Forecast By Lock Type (2017 to 2028F) (In USD Billion)
Table 20: India Digital Door Lock System Market Size and Forecast By End-Use (2017 to 2028F) (In USD Billion)
Table 21: India Digital Door Lock System Market Size and Forecast By Access Type (2017 to 2028F) (In USD Billion)
Table 22: India Digital Door Lock System Market Size and Forecast By Lock Type (2017 to 2028F) (In USD Billion)
Table 23: Australia Digital Door Lock System Market Size and Forecast By End-Use (2017 to 2028F) (In USD Billion)
Table 24: Australia Digital Door Lock System Market Size and Forecast By Access Type (2017 to 2028F) (In USD Billion)
Table 25: Australia Digital Door Lock System Market Size and Forecast By Lock Type (2017 to 2028F) (In USD Billion)
Table 26: South Korea Digital Door Lock System Market Size and Forecast By End-Use (2017 to 2028F) (In USD Billion)
Table 27: South Korea Digital Door Lock System Market Size and Forecast By Access Type (2017 to 2028F) (In USD Billion)
Table 28: South Korea Digital Door Lock System Market Size and Forecast By Lock Type (2017 to 2028F) (In USD Billion)