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RFID Locks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global RFID locks market size reached US$ 3.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.69 Billion by 2027, exhibiting a growth rate (CAGR) of 14.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

An RFID lock is designed to operate both as an unlocking and locking device. Data is encoded on the RFID chip of each access device. As soon as the access device approaches the lock's (reader's) antenna, the chip transmits the data, identifying the user, and the data is transmitted by the RFID chip, which is implemented in each access device. RFID locks have several benefits, such as ergonomic and well-suited design, ADA compliance, universality, and flexibility. The electronic security provided by RFID locks is beneficial to organizations in multiple ways, including increased security, compliance, audit trails, and efficiency. As a result, they are swiftly replacing traditional key-and-door knob locks on both interiors and exterior doors of commercial as well as residential spaces.

RFID Locks Market Trends:

The market is majorly driven by a paradigm shift toward the adoption of electromechanical devices over conventional locking systems. This can be attributed to the increasing concerns regarding safety and security among the masses. With rapid urbanization, there has been a considerable expansion of conurbations and cities with the growing number of inhabitants, which is creating the escalating need for advanced and sophisticated infrastructure solutions. In addition to this, continual technological advancements, such as touch displays, Wi-Fi-and Bluetooth-based (BLE) locking and unlocking assistance, are fueling the market. Significant growth in the hospitality, tourism and real estate industries resulting in the construction of new commercial buildings are also providing an impetus to the market. Some of the other factors creating a positive outlook for the market include the inflating disposable income levels of consumers, continual product innovations, penetration of high-speed internet connectivity, the growing adoption of artificial intelligence (AI) and internet of things (IoT), and extensive research and development (R&D) activities conducted by key players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global RFID locks market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on access device and end user.

Breakup by Access Device:

  • Key Cards
  • Mobile Phone
  • Wearables
     

Breakup by End User:

  • Residential
  • Hospitality
  • Automotive
  • Government
  • Retail
  • BFSI
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Assa Abloy AB, Dormakaba Group, Euro-locks SA NV (Lowe & Fletcher Group), Godrej & Boyce Manufacturing Co. Ltd., Hanman International Pte. Ltd., Hettich Holding GmbH, MIWA Lock Company Ltd, Nestwell Technologies, Ojmar SA, Onity Inc., SALTO Systems S.L, Senseon and Yale.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Access Device, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Assa Abloy AB, Dormakaba Group, Euro-locks SA NV (Lowe & Fletcher Group), Godrej & Boyce Manufacturing Co. Ltd., Hanman International Pte. Ltd., Hettich Holding GmbH, MIWA Lock Company Ltd, Nestwell Technologies, Ojmar SA, Onity Inc., SALTO Systems S.L, Senseon and Yale.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global RFID locks market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global RFID locks market?
  • What are the key regional markets?
  • What is the breakup of the market based on the access device?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global RFID locks market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global RFID Locks Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Access Device
    6.1    Key Cards
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Mobile Phone
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Wearables
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by End User
    7.1    Residential
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Hospitality
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Automotive
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Government
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Retail
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    BFSI
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Others
        7.7.1 Market Trends
        7.7.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Assa Abloy AB 
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Dormakaba Group
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
        13.3.3    Euro-locks SA NV (Lowe & Fletcher Group)
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
        13.3.4    Godrej & Boyce Manufacturing Co. Ltd.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    Hanman International Pte. Ltd.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Hettich Holding GmbH
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    MIWA Lock Company Ltd
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    Nestwell Technologies
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
        13.3.9    Ojmar SA
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
        13.3.10    Onity Inc.
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
        13.3.11    SALTO Systems S.L
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
        13.3.12    Senseon
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio
        13.3.13    Yale
           13.3.13.1 Company Overview
           13.3.13.2 Product Portfolio

List of Figures

Figure 1: Global: RFID Locks Market: Major Drivers and Challenges
Figure 2: Global: RFID Locks Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: RFID Locks Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: RFID Locks Market: Breakup by Access Device (in %), 2021
Figure 5: Global: RFID Locks Market: Breakup by End User (in %), 2021
Figure 6: Global: RFID Locks Market: Breakup by Region (in %), 2021
Figure 7: Global: RFID Locks (Key Cards) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: RFID Locks (Key Cards) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: RFID Locks (Mobile Phone) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: RFID Locks (Mobile Phone) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: RFID Locks (Wearables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: RFID Locks (Wearables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: RFID Locks (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: RFID Locks (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: RFID Locks (Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: RFID Locks (Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: RFID Locks (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: RFID Locks (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: RFID Locks (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: RFID Locks (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: RFID Locks (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: RFID Locks (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: RFID Locks (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: RFID Locks (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: RFID Locks (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: RFID Locks (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia-Pacific: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia-Pacific: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: RFID Locks Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: RFID Locks Market: Breakup by Country (in %), 2021
Figure 75: Middle East and Africa: RFID Locks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Global: RFID Locks Industry: SWOT Analysis
Figure 77: Global: RFID Locks Industry: Value Chain Analysis
Figure 78: Global: RFID Locks Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: RFID Locks Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: RFID Locks Market Forecast: Breakup by Access Device (in Million US$), 2022-2027
Table 3: Global: RFID Locks Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 4: Global: RFID Locks Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: RFID Locks Market: Competitive Structure
Table 6: Global: RFID Locks Market: Key Players


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