Global Digital Door Lock System Market- Market Overview:

The global digital door lock system market is expected to grow from USD 11.25 billion in 2022 to USD 33 billion by 2030, at a CAGR of 14.4% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising demand among consumers for smart homes to increase the security of their residential and non-residential buildings.

In contrast to conventional mechanical door locks, digital door lock systems require no physical keys to open. These doors can be unlocked by using RFID cards, face & fingerprint recognition, keyless remotes etc. The automated features provide a more creative security solution depending on the application. Increasingly, smart homes are being adopted around the world and a number of companies are introducing home automation technology. The players in the industry are focused on developing advanced strategies, such as remote locking/opening of doors, windows, and doors, as well as providing commercially viable products, which is propelling the growth of the digital door lock system market. It is imperative that companies maintain the speed of product innovation and development according to end-user needs and competition, as technology changes continuously. Technology plays an important role in the mechanisms of digital door lock systems. As part of this process, new technologies are integrated with existing ones, or completely new ideas are introduced, new and experienced talent is recruited, and research and development projects are invested, which boosts the market growth. For convenience and effectiveness, consumers are increasingly choosing smart home technology that is simplified. During the Projection period, the digital door lock systems market is expected to grow due to rising consumer awareness, increasing smartphone penetration, and technological advances.

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Market Dynamics:

Drivers:                          

• Rising IoT penetration

Digital door lock systems market growth is primarily driven by IoT's growing importance in overall security and safety applications. IoT has expanded across every sector of the global economy in recent years. In addition, IoT provides services at any time and anywhere, across economic and technological barriers, at any location. Moreover, rapid urbanization is another key factor which is driving the digital door lock system market

Restraints:                                             

• Digital door lock systems are least used in the rental properties

In general, people who rent do not want to invest much money in temporary rentals, which ultimately belong to them. In contrast, landlords are less inclined to adopt digital door lock technology because of existing rental price structures, which could require extra investment. In light of these factors, the global market for digital door lock systems is expected to stagnate during the Projection period.

Opportunities:

• Cost-efficient solutions

Consumers are looking for products that offer value for money and enhanced features, so cost-efficient products can present major growth opportunities for key market players. Most people can't afford the products and services companies offer. As a result, customers will choose services that provide them with a greater value for their money as well as a higher level of quality.

Challenges:

• Lack of Awareness about the systems

Consumers are aware that digital door lock systems need to be installed, but they are unaware of the latest equipment or companies that offer satisfactory services at a reasonable price. IT literacy plays a major role in making the right decisions when choosing the best deal based on the need and available options. There is limited awareness of home-security-related options available around the world due to low Internet penetration and limited IT interaction, which is creating many challenges in the market’s growth.

Segmentation Analysis:

The global digital door lock system market has been segmented based on technology, application, and region.

By Product Type

The product type segment includes RFID card digital lock, biometrics lock, keypad lock and keyless remote lock. The RFID card lock segment led the largest share of the Digital Door Lock System with a market share of around 36% in 2022. Security is being increased in private homes by using digital smart door lock systems with RFID cards and touchpads, while hotels are gaining popularity with digital door lock systems, also known as electric door locks. Electronic door locks are becoming increasingly popular due to the customized features that enable them to automatically lock and unlock the doors. Wireless and Bluetooth remote unlocking of digital door locks has been widely publicized in the digital door lock systems market. Innovative products are pushing this market, which is expected to expand rapidly.

By End-User

The end-user segment includes residential, industrial, commercial and government. The residential segment led the largest share of the Digital Door Lock System with a market share of around 34% in 2022. Throughout the Projection period, the residential application segment is expected to dominate with the highest revenue share. The substantial revenue output is attributed to the rise in smart home penetration throughout the world and the increase in new and restored projects in the sector. As modern security products such as motion detectors, door and window sensors, and remote door locking and unlocking become more affordable, adoption will increase, which is boosting the market growth.

Global Digital Door Lock System Market- Sales Analysis.

The sale of digital door lock system expanded at a CAGR of 3.1% from 2016 to 2022

Manufacturers of digital door lock systems invest heavily in research and development as well as in the latest technology. In order to design innovative products, companies are focusing on advanced computing concepts such as cloud computing, cluster computing etc, which is boosting market growth.

With the growth of biometric door lock systems in residential and hotel settings, suppliers are offering reliable, and accurate biometric fingerprint and face scanners.

A growing number of consumers prefer keyless door lock systems because of the convenience of unlocking doors without keys. The use of digital door lock systems is broad, which gives manufacturers the opportunity to expand their product line. With a focus on better and more secure access, consumers expect their digital door lock systems to incorporate the latest and most modern technology.

Thus, owing to the aforementioned factors, the global digital door lock system market is expected to grow at a CAGR of 9.6% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the digital door lock system market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the digital door lock system market and held a 38% share of the market revenue in 2022.

• The North American region witnessed a major share. It is expected that the North American digital door lock system market will emerge because it is the most revenue-generating region in the world. Since the US has a large population of tech-savvy customers and a high spending capacity, it is one of the most crucial contributors to the regional market. As a result of increased security concerns in the region, particularly in residential and important infrastructure applications, digital locks have become more popular. Huge investments in various new technologies such as IoT and AI is creating new growth opportunities for the regional market growth.
• Asia Pacific is anticipated to experience significant growth during the predicted period. An increase in residential and commercial construction and ongoing smart city programs in developing nations such as India could be attributed to significant growth. In addition, smart home penetration across the region has seen significant growth, playing a vital role in spreading awareness about advanced gadgets and technologies.

Global Digital Door Lock System Market - Country Analysis:

• Germany

Germany's digital door lock system market size was valued at USD 0.84 billion in 2022 and is expected to reach USD 2.4 billion by 2030, at a CAGR of 14.5% from 2023 to 2030.

In Europe, Germany is one of the leading countries in the smart home industry. The government focuses more on automated or smart homes to prevent incidents from taking place in remote areas. With power over ethernet becoming more common in several Western European countries, the adoption of digital door lock systems has increased. Germany has emerged as a global centre for novel technologies.

• China

China’s digital door lock system market size was valued at USD 0.87 billion in 2022 and is expected to reach USD 2.5 billion by 2030, at a CAGR of 14.7% from 2023 to 2030.

Consumer awareness and adoption of digital door lock systems in developing countries are heavily influenced by the digitalization of economies. As a result of rapid industrialization and the modern economy, door safety solutions are in great demand both in the commercial, residential and industrial sectors, which is propelling the demand for digital door lock systems.

• India

India's digital door lock system market size was valued at USD 0.67 billion in 2022 and is expected to reach USD 1.9 billion by 2030, at a CAGR of 14.6% from 2023 to 2030.

It is becoming increasingly common for urban residents to install digital door lock systems and allow one-time key access to workmen for services such as home services or cleaning. The consumer prefers to invest in novel technologies with the intention of a long life span of the product, which is a part of the smart home sphere boosting the market growth.

Key Industry Players Analysis:  

To increase their market position in the global digital door lock system market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Assa Abloy Group
• Salto Systems S.L.
• ADT Inc.
• Panasonic Corporation
• Spectrum Brands Inc.
• Onity Inc.
• Honeywell International Inc.

Latest Development:

• In August 2021, Capital door service was acquired by Assa Abloy Group. Capital door service is a leading player in pedestrian door distribution and services.
• In September 2020, With Blue by ADT, ADT offers fully customizable DIY smart home security solutions. Starter and Starter Plus are two pre-built smart home security categories offered by the brand.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	14.4%
Market Size	11.25 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Product Type, By End-User, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Assa Abloy Group, Salto Systems S.L., ADT Inc., Panasonic Corporation, Spectrum Brands Inc., Onity Inc., and Honeywell International Inc.
By Product Type	RFID Card Digital Lock Biometrics Lock Keypad Lock Keyless Remote Lock
By End-User	Residential Industrial Commercial Government
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Digital Door Lock System Market by Product Type:

• RFID Card Digital Lock
• Biometrics Lock
• Keypad Lock
• Keyless Remote Lock

Global Digital Door Lock System Market by End-User:

• Residential
• Industrial
• Commercial
• Government

Global Digital Door Lock System Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- The profitability or survival chances of the digital door lock system industry could be impacted by a number of distinct political challenges. Political risks include sudden changes in the status quo political regimes, civil upheaval, and essential government decisions. Political factors that occur in/affect not only the host country but also all other countries where firm activities are located or with whom commerce may be done may also be taken into consideration in scenarios involving potential multinationals. Since the consequences could lead to the impeachment or resignation of senior government officials, it is possible to examine the integrity of the politicians and their propensity to commit corrupt activities in order to determine the extent of the overall systematic political risk that may exist.

Economical Factors- The macroenvironmental elements, such as the inflation rate, savings rate, interest rate, foreign exchange rate, and economic cycle, impact economic growth and total investment in a country. The global electronic industry is expanding, which promotes the use of document-cleaning powder. For instance, the growing use of digital door lock systems in museums is one of the key factors driving the growth of the global market for digital door lock systems. Manuscripts, book pages, paintings, pictures, and a variety of other objects frequently use in the market's products.

Social Factor- The organizational culture in a particular location is influenced by way of life and culture of the society. digital door lock system marketers must consider the prevalent views and attitudes of the populace in order to comprehend a market's customers and develop a marketing message that appeals to consumers in the Chemicals - a Major Diversified business. The market for digital door lock systems is influenced by a number of factors, including the population's demographics and skill level, social class, hierarchy, power structures, culture, social conventions, entrepreneurial spirit, and the general structure of society.

Technological Factors- Technology can quickly and in a relatively short amount of time ruin an industry's pricing structure and competitive climate. In order to avoid rapid obsolescence, maximize potential earnings, and establish oneself as a market leader, it becomes imperative to innovate consistently and persistently. Innovative goods have regularly completely changed the industry standard. The value of physical presence is eroding due to the global expansion of digitalization. The world is changing on every level due to recent scientific discoveries and technological breakthroughs. In the present world, everyone must utilize technology responsibly. In today's environment, smartphones, the internet, and the web have all become necessities. Rich countries have already switched from manual to digital employment methods.

Environmental Factors- Different companies view different environmental protection standards as the norm. As a result, this standard specifies the minimum requirements that every company must satisfy in order to avoid being the subject of pressure campaigns and boycotts due to a lack of environmental awareness. For example, it is not anticipated that a textile firm will contribute to environmental pollution and deterioration at the same rate as a chemical company. The new client likes to patronize companies it perceives to be more ethical because of their interest and knowledge, especially in light of climate change and the environment. The ability to move materials and the finished product may be significantly impacted by the weather at this time. This impacts the final product's delivery dates.

Legal Factors- The structures and frameworks of a country's government are also legal, although being theoretically political and hence subject to whichever political party holds a majority in a governing body. Policies frequently don't offer enough protection for both the corporation and the personnel, generating the impression that the business is unattractive to knowledgeable and talented people. the digital door lock system is thought to be impacted by health and safety laws, which were created in reaction to the horrifying conditions that workers had to endure during and immediately after the industrial revolution. Even if enacting the appropriate laws can be costly, doing so is required both by the law and out of a feeling of moral obligation to others.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Product Type
     • 3.2. Market Attractiveness Analysis By End-User
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Rising IoT penetration
   • 3. Restraints
     • 3.1. Digital door lock systems are least used in the rental properties
   • 4. Opportunities
     • 4.1. Cost-efficient solutions
   • 5. Challenges
     • 5.1. Lack of Awareness about the systems

6. Global Digital Door Lock System Market Analysis and Projection, By Product Type
   • 1. Segment Overview
   • 2. RFID Card Digital Lock
   • 3. Biometrics Lock
   • 4. Keypad Lock
   • 5. Keyless Remote Lock
7. Global Digital Door Lock System Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Residential
   • 3. Industrial
   • 4. Commercial
   • 5. Government
8. Global Digital Door Lock System Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Digital Door Lock System Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Digital Door Lock System Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Assa Abloy Group
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Salto Systems S.L.
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • ADT Inc.
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Panasonic Corporation
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Spectrum Brands Inc.
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Onity Inc.
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Honeywell International Inc.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis

List of Table

1. Global Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
2. Global RFID Card Digital Lock, Digital Door Lock System Market, By Region, 2023–2030 (USD Billion)
3. Global Biometrics Lock, Digital Door Lock System Market, By Region, 2023–2030 (USD Billion)
4. Global Keypad Lock, Digital Door Lock System Market, By Region, 2023–2030 (USD Billion)
5. Global Keyless Remote Lock, Digital Door Lock System Market, By Region, 2023–2030 (USD Billion)
6. Global Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
7. Global Residential, Digital Door Lock System Market, By Region, 2023–2030 (USD Billion)
8. Global Industrial, Digital Door Lock System Market, By Region, 2023–2030 (USD Billion)
9. Global Commercial, Digital Door Lock System Market, By Region, 2023–2030 (USD Billion)
10. Global Government, Digital Door Lock System Market, By Region, 2023–2030 (USD Billion)
11. Global Digital Door Lock System Market, By Region, 2023–2030 (USD Billion)
12. North America Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
13. North America Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
14. USA Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
15. USA Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
16. Canada Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
17. Canada Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
18. Mexico Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
19. Mexico Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
20. Europe Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
21. Europe Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
22. Germany Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
23. Germany Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
24. France Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
25. France Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
26. UK Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
27. UK Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
28. Italy Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
29. Italy Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
30. Spain Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
31. Spain Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
32. Asia Pacific Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
33. Asia Pacific Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
34. Japan Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
35. Japan Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
36. China Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
37. China Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
38. India Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
39. India Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
40. South America Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
41. South America Digital Door Lock System Market, By End-User 2023–2030 (USD Billion)
42. Brazil Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
43. Brazil Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
44. Middle East and Africa Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
45. Middle East and Africa Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
46. UAE Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
47. UAE Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)
48. South Africa Digital Door Lock System Market, By Product Type, 2023–2030 (USD Billion)
49. South Africa Digital Door Lock System Market, By End-User, 2023–2030 (USD Billion)

List of Figures 

1. Global Digital Door Lock System Market Segmentation
2. Digital Door Lock System Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Digital Door Lock System Market Attractiveness Analysis By Product Type
9. Global Digital Door Lock System Market Attractiveness Analysis By End-User
10. Global Digital Door Lock System Market Attractiveness Analysis By Region
11. Global Digital Door Lock System Market: Dynamics
12. Global Digital Door Lock System Market Share By Product Type (2023 & 2030)
13. Global Digital Door Lock System Market Share By End-User (2023 & 2030)
14. Global Digital Door Lock System Market Share by Regions (2023 & 2030)
15. Global Digital Door Lock System Market Share by Company (2021)