
RFID Locks Market Forecast, Trend Analysis & Competition Tracking - Global Industry Insights 2015 to 2031
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27882
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May 2023
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This report was compiled by Vishwa Gaul Vishwa is an experienced market research and consulting professional with over 8 years of expertise in the ICT industry, contributing to over 700 reports across telecommunications, software, hardware, and digital solutions. Correspondence Team Lead- ICT Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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RFID Locks Market Overview:
Radio Frequency Identification (RFID) locks are keyless locks, also called IC card locks, that use non-contact technology for access control in several industrial, commercial, and residential applications.
The RFID technology uses electromagnetic fields to transmit signals and automatically identify digital data encoded within RFID tags.
RFID locks are mainly used for automatic fare collection systems of buses, subways, and others. It is also used in electronic locking systems, identification systems, access control systems, and E-wallets.
βThe RFID Locks Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.β
Nonetheless, various industry players in the global RFID locks market are now increasing their focus on the establishment of successful collaborations, acquisitions, and joint venture activities as a means to enhance their respective customer bases.
In doing so, these players are also increasing their supply capabilities to meet customer requirements on a local and global scale.
This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.
Factors that are increasing the demand for RFID Locks
Increasing demand for RFID locks from several end-use sectors such as automotive, residential sectors, etc., is expected to fuel the revenue growth for this target market.
Growing industrialization, rapid urbanization, and increasing criminal activities in developed and developing countries have led to the increased adoption of smart locking systems.
These factors are expected to fuel the revenue growth for this target market over the forecast period.
Opportunities for the Global RFID Locks Market
Technological advancements in smart locking systems and the use of compact RFID tags have gained popularity across several residential and commercial buildings.
In addition, the rising penetration of smartphones with unique features and easy access is likely to adopt the high ratio of RFID locks, which is expected to create new revenue growth opportunities for small and leading players to gain a competitive edge in the global RFID locks market.
Moreover, there is increasing demand for smartphones in developing countries in the Asia-Pacific region, such as India, China, etc., owing to the popularity of low-cost smartphones and easy availability.
Smartphone Penetration Rate In India From 2018 To 2021
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COVIDβ19 Impact
The COVID-19 pandemic has severely impacted several industries, including electronics and semiconductors, with significant disruption in manufacturing and day-to-day business operations. The subsequent global lockdown has severely affected economies around the world.
On the other hand, shutting down China's production has forced other consumer electronics manufacturers to delay final product development and has disrupted industrial supply chain activities. This factor is expected to limit the revenue growth for this target market to a certain extent.
Region-wise Analysis
The Global RFID locks Market is segmented into North America, Europe, APAC, SA, and MEA. Among regions, the Asia-Pacific region is anticipated highest share due to rapid urbanization and increasing adoption of technological developments in electronic and smart locking systems.
These have led to increased demand for residential and commercial buildings with advanced security systems. This is also another factor that is expected to proliferate the demand and sales for RFID Locks during the forecast period in this region.
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Competitive Landscape
Some of the leading manufacturers operating in the RFID locks market include
- ASSA ABLOY AB
- Honeywell International Inc.
- Samsung Electronics Co Ltd.
- Siemens AG
- Bai Fu Co., Ltd.
- Digilock
- Dormakaba Group
- Euro-Locks SA NV
- Godrej & Boyce Manufacturing Company Limited
- Onity Inc.
- Vivint Smart Home, Inc.
- Senseon
- Other Key Industry Players
Some notable developments in the market include:
- In Feb 2021, Digilock introduced a new development in smart lock technology, and the sixth-generation (6G) lock is the latest network management system development. Digilock's 6G locks continue to be wireless to easily install new builds, retrofits, and upgrades.
- In July 2021, Inepro's Spider RFID reader enables device manufacturers to establish connections in their security devices, from vending machines to door locks, with LF, HF, NFC and BLE connections, as well as security elements.
- ASSA ABLOY Global Solutions, a leading innovator of security access technology, has been selected by Courtyard by Marriott St. George to enhance its guest safety, convenience, and operational efficiency abilities with VingCard Classic RFID door locks equipped with Mobile Access.
- The upgraded RFID locks allow the hotel to improve its contactless check-in and room access for guests via Hilton's online systems.
- ID&C is a leading supplier of RFID (Radio Frequency Identification) certificates in the hotel industry and has been recognized as an approved supplier of RFID wristbands by ASSA ABLOY Global Solutions, a hotel access control solution company.
Report Scope
- Forecast Period: 2022-2031
- Actual Year: 2021
- Historical Data Available for: 2015-2020
Key Regions Covered
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Segments Covered
RFID Locks Market, By Access Device
- Key Cards
- Mobile Phones
- Key Fobs
RFID Locks Market, By End-User
- Hospitality
- Residential
- Manufacturing
- Retail
- BFSI
- Automotive
- Aerospace & Defense
- Other End-Users
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more⦠Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn To learn more about this report, request for Sample Report
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- Chapter 1 Global RFID Locks Market Outlook
- 1.1 Introduction
- 1.2 Segmentation of RFID Locks Market Based On Access Device & End-User, and Region
- 1.3 Drivers
- 1.4 Restraints
- 1.5 Opportunities
- 1.6 Trends
- 1.7 Macro-economic Factors
- 1.8 Regulatory Framework
- 1.9 Global RFID Locks Market Pricing Analysis by Region, 2021
- 1.10 Opportunity Map Analysis
- 1.10.1 Optimistic Scenario
- 1.10.2 Likely Scenario
- 1.10.3 Conservative Scenario
- 1.11 Opportunity Orbits
- 1.12 Market Investment Feasibility Index
- 1.13 PEST Analysis
- 1.14 PORTERβS Five Force Analysis
- 1.15 Drivers & Restraints Impact Analysis
- 1.16 Marketing Strategy
- 1.17 Product Life Cycle Analysis
- 1.18 Value Chain Analysis
- 1.19 Cost Structure Analysis
- 1.20 Regional Market Share and BPS Analysis in RFID Locks Market
- 1.21 COVID-19 Impact Analysis
- Chapter 2 Global RFID Locks Market Overview
- 2.1 Global Market Value & Volume Comparison by Access Device (2015-2031)
- 2.1.1 Global Market Value & Volume Market Share by Access Device in 2021
- 2.1.2 Global Attractiveness Analysis by Access Device, 2015β2022
- 2.2 Global Market Value & Volume Comparison by End-User (2015-2031)
- 2.2.1 Global Market Value & Volume Market Share by End-User in 2021
- 2.2.2 Global Market Attractiveness Analysis by End-User, 2015β2022
- 2.3 Global Market Outlook by Region
- 2.3.1 Global Market Value & Volume Comparison by Region (2015-2031)
- 2.3.2 Global Market Value & Volume Market Share by Region in 2021
- 2.3.3 Global Market Attractiveness Analysis by Region, 2015β2022
- 2.4 Global Market Outlook (2015-2031)
- 2.4.1 Global Market Value & Volume (2015β2022)
- 2.4.2 Global Market Value & Volume (2023-2031)
- 2.5 Global Market Value & Volume by Regions
- 2.5.1 Global Market Value & Volume Comparison by Region (2015β2022)
- 2.5.2 Global Market Value & Volume Comparison by Region (2023-2031)
- 2.6 Global Market Value & Volume by Access Device
- 2.6.1 Global Market Value & Volume Comparison by Access Device (2015β2022)
- 2.6.2 Global Market Value & Volume Comparison by Access Device (2023-2031)
- 2.7 Global Market Value & Volume by End-User
- 2.7.1 Global Market Value & Volume Comparison by End-User (2015β2022)
- 2.7.2 Global Market Value & Volume Comparison by End-User (2023-2031)
- 2.8 Global Market Y-o-Y Growth Rate Comparison 2016β2031
- 2.8.1 Global Market Y-o-Y Growth Rate by Region
- 2.8.2 Global Market Y-o-Y Growth Rate by Access Device
- 2.8.3 Global Market Y-o-Y Growth Rate by End-User
- 2.9 Global Market Share Comparison 2015β2031
- 2.9.1 Global Market Share by Region
- 2.9.2 Global Market Share by Access Device
- 2.9.3 Global Market Share by End-User
- 2.1 Global Market Value & Volume Comparison by Access Device (2015-2031)
- Chapter 3 North America RFID Locks Market Overview
- 3.1 North America Market by Access Device
- 3.1.1 North America Market Value & Volume Comparison by Access Device (2015-2031)
- 3.1.2 North America Market Value & Volume Market Share by Access Device in 2021
- 3.2 North America Market Value & Volume Comparison by End-User (2015-2031)
- 3.2.1 North America Market Value & Volume Market Share by End-User in 2021
- 3.2.2 North America Market Attractiveness Analysis by End-User, 2015β2022
- 3.3 North America Market Outlook by Region
- 3.3.1 North America Market Value & Volume Comparison by Region (2015-2031)
- 3.3.2 North America Market Value & Volume Market Share by Region in 2021
- 3.3.3 North America Market Attractiveness Analysis by Region, 2015β2022
- 3.4 North America Market Outlook (2015-2031)
- 3.4.1 North America Market Value & Volume (2015β2022)
- 3.4.2 North America Market Value & Volume (2023-2031)
- 3.5 North America Market Value & Volume by Regions
- 3.5.1 North America Market Value & Volume Comparison by Region (2015β2022)
- 3.5.2 North America Market Value & Volume Comparison by Region (2023-2031)
- 3.6 North America Market Value & Volume by Access Device
- 3.6.1 North America Market Value & Volume Comparison by Access Device (2015β2022)
- 3.6.2 North America Market Value & Volume Comparison by Access Device (2023-2031)
- 3.7 North America Market Value & Volume by End-User
- 3.7.1 North America Market Value & Volume Comparison by End-User (2015β2022)
- 3.7.2 North America Market Value & Volume Comparison by End-User (2023-2031)
- 3.8 North America Market Y-o-Y Growth Rate Comparison 2016β2031
- 3.8.1 North America Market Y-o-Y Growth Rate by Region
- 3.8.2 North America Market Y-o-Y Growth Rate by Access Device
- 3.8.3 North America Market Y-o-Y Growth Rate by End-User
- 3.9 North America Market Share Comparison 2015β2031
- 3.9.1 North America Market Share by Region
- 3.9.2 North America Market Share by Access Device
- 3.9.3 North America Market Share by End-User
- 3.1 North America Market by Access Device
- Chapter 4 Europe RFID Locks Market Overview
- 4.1 Europe Market by Access Device
- 4.1.1 Europe Market Value & Volume Comparison by Access Device (2015-2031)
- 4.1.2 Europe Market Value & Volume Market Share by Access Device in 2021
- 4.2 Europe Market Value & Volume Comparison by End-User (2015-2031)
- 4.2.1 Europe Market Value & Volume Market Share by End-User in 2021
- 4.2.2 Europe Market Attractiveness Analysis by End-User, 2015β2022
- 4.3 Europe Market Outlook by Region
- 4.3.1 Europe Market Value & Volume Comparison by Region (2015-2031)
- 4.3.2 Europe Market Value & Volume Market Share by Region in 2021
- 4.3.3 Europe Market Attractiveness Analysis by Region, 2015β2022
- 4.4 Europe Market Outlook (2015-2031)
- 4.4.1 Europe Market Value & Volume (2015β2022)
- 4.4.2 Europe Market Value & Volume (2023-2031)
- 4.5 Europe Market Value & Volume by Regions
- 4.5.1 Europe Market Value & Volume Comparison by Region (2015β2022)
- 4.5.2 Europe Market Value & Volume Comparison by Region (2023-2031)
- 4.6 Europe Market Value & Volume by Access Device
- 4.6.1 Europe Market Value & Volume Comparison by Access Device (2015β2022)
- 4.6.2 Europe Market Value & Volume Comparison by Access Device (2023-2031)
- 4.7 Europe Market Value & Volume by End-User
- 4.7.1 Europe Market Value & Volume Comparison by End-User (2015β2022)
- 4.7.2 Europe Market Value & Volume Comparison by End-User (2023-2031)
- 4.8 Europe Market Y-o-Y Growth Rate Comparison 2016β2031
- 4.8.1 Europe Market Y-o-Y Growth Rate by Region
- 4.8.2 Europe Market Y-o-Y Growth Rate by Access Device
- 4.8.3 Europe Market Y-o-Y Growth Rate by End-User
- 4.9 Europe Market Share Comparison 2015β2031
- 4.9.1 Europe Market Share by Region
- 4.9.2 Europe Market Share by Access Device
- 4.9.3 Europe Market Share by End-User
- 4.1 Europe Market by Access Device
- Chapter 5 Asia-Pacific RFID Locks Market Overview
- 5.1 Asia-Pacific Market by Access Device
- 5.1.1 Asia-Pacific Market Value & Volume Comparison by Access Device (2015-2031)
- 5.1.2 Asia-Pacific Market Value & Volume Market Share by Access Device in 2021
- 5.2 Asia-Pacific Market Value & Volume Comparison by End-User (2015-2031)
- 5.2.1 Asia-Pacific Market Value & Volume Market Share by End-User in 2021
- 5.2.2 Asia-Pacific Attractiveness Analysis by End-User, 2015β2022
- 5.3 Asia-Pacific Market Outlook by Region
- 5.3.1 Asia-Pacific Market Value & Volume Comparison by Region (2015-2031)
- 5.3.2 Asia-Pacific Market Value & Volume Market Share by Region in 2021
- 5.3.3 Asia-Pacific Market Attractiveness Analysis by Region, 2015β2022
- 5.4 Asia-Pacific Market Outlook (2015-2031)
- 5.4.1 Asia-Pacific Market Value & Volume (2015β2022)
- 5.4.2 Asia-Pacific Market Value & Volume (2023-2031)
- 5.5 Asia-Pacific Market Value & Volume by Regions
- 5.5.1 Asia-Pacific Market Value & Volume Comparison by Region (2015β2022)
- 5.5.2 Asia-Pacific Market Value & Volume Comparison by Region (2023-2031)
- 5.6 Asia-Pacific Market Value & Volume by Access Device
- 5.6.1 Asia-Pacific Market Value & Volume Comparison by Access Device (2015β2022)
- 5.6.2 Asia-Pacific Market Value & Volume Comparison by Access Device (2023-2031)
- 5.7 Asia-Pacific Market Value & Volume by End-User
- 5.7.1 Asia-Pacific Market Value & Volume Comparison by End-User (2015β2022)
- 5.7.2 Asia-Pacific Market Value & Volume Comparison by End-User (2023-2031)
- 5.8 Asia-Pacific Market Y-o-Y Growth Rate Comparison 2016β2031
- 5.8.1 Asia-Pacific Market Y-o-Y Growth Rate by Region
- 5.8.2 Asia-Pacific Market Y-o-Y Growth Rate by Access Device
- 5.8.3 Asia-Pacific Market Y-o-Y Growth Rate by End-User
- 5.9 Asia-Pacific Market Share Comparison 2015β2031
- 5.9.1 Asia-Pacific Market Share by Region
- 5.9.2 Asia-Pacific Market Share by Access Device
- 5.9.3 Asia-Pacific Market Share by End-User
- 5.1 Asia-Pacific Market by Access Device
- Chapter 6 Latin America RFID Locks Market Overview
- 6.1 Latin America Market by Access Device
- 6.1.1 Latin America Market Value & Volume Comparison by Access Device (2015-2031)
- 6.1.2 Latin America Market Value & Volume Market Share by Access Device in 2021
- 6.2 Latin America Market Value & Volume Comparison by End-User (2015-2031)
- 6.2.1 Latin America Market Value & Volume Market Share by End-User in 2021
- 6.2.2 Latin America Market Attractiveness Analysis by End-User, 2015β2022
- 6.3 Latin America Market Outlook by Region
- 6.3.1 Latin America Market Value & Volume Comparison by Region (2015-2031)
- 6.3.2 Latin America Market Value & Volume Market Share by Region in 2021
- 6.3.3 Latin America Market Attractiveness Analysis by Region, 2015β2022
- 6.4 Latin America Market Outlook (2015-2031)
- 6.4.1 Latin America Market Value & Volume (2015β2022)
- 6.4.2 Latin America Market Value & Volume (2023-2031)
- 6.5 Latin America Market Value & Volume by Regions
- 6.5.1 Latin America Market Value & Volume Comparison by Region (2015β2022)
- 6.5.2 Latin America Market Value & Volume Comparison by Region (2023-2031)
- 6.6 Latin America Market Value & Volume by Access Device
- 6.6.1 Latin America Market Value & Volume Comparison by Access Device (2015β2022)
- 6.6.2 Latin America Market Value & Volume Comparison by Access Device (2023-2031)
- 6.7 Latin America Market Value & Volume by End-User
- 6.7.1 Latin America Market Value & Volume Comparison by End-User (2015β2022)
- 6.7.2 Latin America Market Value & Volume Comparison by End-User (2023-2031)
- 6.8 Latin America Market Y-o-Y Growth Rate Comparison 2016β2031
- 6.8.1 Latin America Market Y-o-Y Growth Rate by Region
- 6.8.2 Latin America Market Y-o-Y Growth Rate by Access Device
- 6.8.3 Latin America Market Y-o-Y Growth Rate by End-User
- 6.9 Latin America Market Share Comparison 2015β2031
- 6.9.1 Latin America Market Share by Region
- 6.9.2 Latin America Market Share by Access Device
- 6.9.3 Latin America Market Share by End-User
- 6.1 Latin America Market by Access Device
- Chapter 7 MEA RFID Locks Market Overview
- 7.1 MEA Market by Access Device
- 7.1.1 MEA Market Value & Volume Comparison by Access Device (2015-2031)
- 7.1.2 MEA Market Value & Volume Market Share by Access Device in 2021
- 7.2 MEA Market Value & Volume Comparison by End-User (2015-2031)
- 7.2.1 MEA Market Value & Volume Market Share by End-User in 2021
- 7.2.2 MEA Attractiveness Analysis by End-User, 2015β2022
- 7.3 MEA Market Outlook by Region
- 7.3.1 MEA Market Value & Volume Comparison by Region (2015-2031)
- 7.3.2 MEA Market Value & Volume Market Share by Region in 2021
- 7.3.3 MEA Market Attractiveness Analysis by Region, 2015β2022
- 7.4 MEA Market Outlook (2015-2031)
- 7.4.1 MEA Market Value & Volume (2015β2022)
- 7.4.2 MEA Market Value & Volume (2023-2031)
- 7.5 MEA Market Value & Volume by Regions
- 7.5.1 MEA Market Value & Volume Comparison by Region (2015β2022)
- 7.5.2 MEA Market Value & Volume Comparison by Region (2023-2031)
- 7.6 MEA Market Value & Volume by Access Device
- 7.6.1 MEA Market Value & Volume Comparison by Access Device (2015β2022)
- 7.6.2 MEA Market Value & Volume Comparison by Access Device (2023-2031)
- 7.7 MEA Market Value & Volume by End-User
- 7.7.1 MEA Market Value & Volume Comparison by End-User (2015β2022)
- 7.7.2 MEA Market Value & Volume Comparison by End-User (2023-2031)
- 7.8 MEA Market Y-o-Y Growth Rate Comparison 2016β2031
- 7.8.1 MEA Market Y-o-Y Growth Rate by Region
- 7.8.2 MEA Market Y-o-Y Growth Rate by Access Device
- 7.8.3 MEA Market Y-o-Y Growth Rate by End-User
- 7.9 MEA Market Share Comparison 2015β2031
- 7.9.1 MEA Market Share by Region
- 7.9.2 MEA Market Share by Access Device
- 7.9.3 MEA Market Share by End-User
- 7.1 MEA Market by Access Device
- Chapter 8 Global RFID Locks Market Company Profiles
- 8.1 Market Competition Scenario Analysis, By Company
- 8.2 Competitor Landscape
- 8.3 Company Share Analysis
- 8.4 Company Profiles
- 8.4.1 ASSA ABLOY AB
- 8.4.1.1 Company Overview
- 8.4.1.2 Business Description
- 8.4.1.3 Product Portfolio
- 8.4.1.4 Key Financials
- 8.4.1.5 Key Developments
- 8.4.1.6 SWOT Analysis
- 8.4.2 Honeywell International Inc.
- 8.4.2.1 Company Overview
- 8.4.2.2 Business Description
- 8.4.2.3 Product Portfolio
- 8.4.2.4 Key Financials
- 8.4.2.5 Key Developments
- 8.4.2.6 SWOT Analysis
- 8.4.3 Samsung Electronics Co Ltd.
- 8.4.3.1 Company Overview
- 8.4.3.2 Business Description
- 8.4.3.3 Product Portfolio
- 8.4.3.4 Key Financials
- 8.4.3.5 Key Developments
- 8.4.3.6 SWOT Analysis
- 8.4.4 Siemens AG
- 8.4.4.1 Company Overview
- 8.4.4.2 Business Description
- 8.4.4.3 Product Portfolio
- 8.4.4.4 Key Financials
- 8.4.4.5 Key Developments
- 8.4.4.6 SWOT Analysis
- 8.4.5 Bai Fu Co., Ltd.
- 8.4.5.1 Company Overview
- 8.4.5.2 Business Description
- 8.4.5.3 Product Portfolio
- 8.4.5.4 Key Financials
- 8.4.5.5 Key Developments
- 8.4.5.6 SWOT Analysis
- 8.4.6 Dormakaba Group
- 8.4.6.1 Company Overview
- 8.4.6.2 Business Description
- 8.4.6.3 Product Portfolio
- 8.4.6.4 Key Financials
- 8.4.6.5 Key Developments
- 8.4.6.6 SWOT Analysis
- 8.4.7 Digilock
- 8.4.7.1 Company Overview
- 8.4.7.2 Business Description
- 8.4.7.3 Product Portfolio
- 8.4.7.4 Key Financials
- 8.4.7.5 Key Developments
- 8.4.7.6 SWOT Analysis
- 8.4.8 Euro-Locks SA NV
- 8.4.8.1 Company Overview
- 8.4.8.2 Business Description
- 8.4.8.3 Product Portfolio
- 8.4.8.4 Key Financials
- 8.4.8.5 Key Developments
- 8.4.8.6 SWOT Analysis
- 8.4.9 Godrej & Boyce Manufacturing Company Limited
- 8.4.9.1 Company Overview
- 8.4.9.2 Business Description
- 8.4.9.3 Product Portfolio
- 8.4.9.4 Key Financials
- 8.4.9.5 Key Developments
- 8.4.9.6 SWOT Analysis
- 8.4.10 Onity Inc.
- 8.4.10.1 Company Overview
- 8.4.10.2 Business Description
- 8.4.10.3 Product Portfolio
- 8.4.10.4 Key Financials
- 8.4.10.5 Key Developments
- 8.4.10.6 SWOT Analysis
- 8.4.11 Other Key Players
- 8.4.1 ASSA ABLOY AB
- Chapter 9 Research Methodology
- 9.1 Research Methodology
- 9.2 Primary Research
- 9.3 Secondary Research
- 9.4 Report Scope
- Chapter 10 About Us
- 10.1 Who we are:
- Chapter 11 Disclaimer
- Chapter 1 Global RFID Locks Market Outlook
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- ASSA ABLOY AB
- Honeywell International Inc.
- Samsung Electronics Co Ltd.
- Siemens AG
- Bai Fu Co., Ltd.
- Digilock
- Dormakaba Group
- Euro-Locks SA NV
- Godrej & Boyce Manufacturing Company Limited
- Onity Inc.
- Vivint Smart Home, Inc.
- Senseon
- Other Key Industry Players