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3D Metrology Market with COVID-19 Impact by Product Type (CMM, ODS, VMM, 3D AOI, 3D X-ray &CT), Application (Quality Control & Inspection, Reverse Eng...

by Product Type (CMM, ODS, VMM, 3D AOI, 3D X-ray &CT), Application (Quality Control & Inspection, Reverse Engineering, Virtual Simulation), Offering, End-user Industry, and Geography - Global Forecast to 2026

Publisher:        MarketsandMarkets

# of Pages:        223

Rating: 

1 User License $4,950

Publication Date:  February, 2021

Price:       $4,950 / User License




TABLE OF CONTENTS

 

1              INTRODUCTION                29

1.1          STUDY OBJECTIVES          29

1.2          DEFINITION        30

1.2.1      3D METROLOGY: INCLUSIONS AND EXCLUSIONS               30

1.3          STUDY SCOPE    31

FIGURE 1             3D METROLOGY MARKET SEGMENTATION           31

1.4          CURRENCY          32

1.5          LIMITATIONS     32

1.6          STAKEHOLDERS 32

1.7          SUMMARY OF CHANGES              33

2              RESEARCH METHODOLOGY         34

2.1          RESEARCH DATA               34

FIGURE 2             RESEARCH FLOW              34

FIGURE 3             3D METROLOGY MARKET: RESEARCH DESIGN     35

2.1.1      SECONDARY DATA           36

2.1.1.1   Major secondary sources             36

2.1.2      PRIMARY DATA 37

2.1.2.1   Primary interviews with experts               37

2.1.2.2   Primary sources                38

2.1.2.3   Key industry insights      38

2.1.2.4   Breakdown of primary interviews            39

2.1.3      SECONDARY AND PRIMARY RESEARCH   39

2.2          MARKET SIZE ESTIMATION          40

2.2.1      BOTTOM-UP APPROACH              40

2.2.2      BOTTOM-UP APPROACH              40

2.2.2.1   Approach for capturing market share by bottom-up analysis       40

FIGURE 4             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—BOTTOM-UP (DEMAND SIDE)–DEMAND FOR 3D METROLOGY SOLUTIONS FROM

NORTH AMERICA             41

FIGURE 5             BOTTOM-UP APPROACH              41

2.2.3      TOP-DOWN APPROACH                42

2.2.3.1   Approach for capturing market share by top-down analysis analysis         42

FIGURE 6             MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY SIDE)— REVENUE GENERATED BY COMPANIES IN 3D METROLOGY MARKET    43

FIGURE 7             TOP-DOWN APPROACH                43

2.3          DATA TRIANGULATION 44

FIGURE 8             DATA TRIANGULATION 44

2.4          ASSUMPTIONS 45

3              EXECUTIVE SUMMARY  46

3.1          PRE-COVID-19 SCENARIO: 3D METROLOGY MARKET        47

TABLE 1                PRE-COVID-19 METROLOGY SCENARIO: 3D METROLOGY MARKET             47

3.2          POST-COVID-19: REALISTIC SCENARIO    47

TABLE 2                POST-COVID-19 REALISTIC SCENARIO: 3D METROLOGY MARKET                47

3.3          POST-COVID-19: OPTIMISTIC SCENARIO                47

TABLE 3                POST-COVID-19 OPTIMISTIC SCENARIO: 3D METROLOGY MARKET            47

3.4          POST-COVID-19: PESSIMISTIC SCENARIO              47

TABLE 4                POST-COVID-19 PESSIMISTIC SCENARIO: 3D METROLOGY MARKET           48

FIGURE 9             3D METROLOGY MARKET: REALISTIC, PESSIMISTIC, AND OPTIMISTIC RECOVERY SCENARIOS        48

3.5          IMPACT OF COVID-19 ON 3D METROLOGY MARKET         48

FIGURE 10           HARDWARE TO ACCOUNT FOR LARGEST SHARE OF 3D METROLOGY MARKET DURING FORECAST PERIOD                49

FIGURE 11           CMM TO DOMINATE 3D METROLOGY MARKET DURING FORECAST PERIOD (USD MILLION)          49

FIGURE 12           MARKETS FOR MEDICAL AND SEMICONDUCTOR AND ELECTRONIC INDUSTRIES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD         50

FIGURE 13           3D METROLOGY MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD         51

4              PREMIUM INSIGHTS       52

4.1          ATTRACTIVE OPPORTUNITIES IN 3D METROLOGY MARKET           52

FIGURE 14           FOCUS ON QUALITY CONTROL AND RISE IN DEMAND FOR INDUSTRY 4.0 DRIVE 3D METROLOGY MARKET GROWTH             52

4.2          3D METROLOGY MARKET, BY APPLICATION         53

FIGURE 15           QUALITY CONTROL & INSPECTION EXPECTED TO DOMINATE 3D METROLOGY MARKET DURING FORECAST PERIOD 53

4.3          3D METROLOGY MARKET IN ASIA PACIFIC, BY END-USER INDUSTRY AND COUNTRY          54

FIGURE 16           AUTOMOTIVE END-USER INDUSTRY AND CHINA TO BE LARGEST SHAREHOLDERS OF 3D METROLOGY MARKET IN ASIA PACIFIC IN 2021             54

4.4          3D METROLOGY MARKET FOR CMM, BY TYPE      54

FIGURE 17           3D METROLOGY MARKET FOR ARTICULATED CMM TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD                54

4.5          3D METROLOGY MARKET, BY GEOGRAPHY           55

FIGURE 18           US ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF 3D METROLOGY MARKET IN 2021 55

5              MARKET OVERVIEW       56

5.1          INTRODUCTION                56

5.2          MARKET DYNAMICS       56

FIGURE 19           3D METROLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES           56

5.2.1      DRIVERS               57

FIGURE 20           3D METROLOGY MARKET DRIVERS AND THEIR IMPACT   57

5.2.1.1   Highly accurate inspection owing to 3D data for modeling and analysis    57

5.2.1.2   Increased R&D spending on 3D metrology            58

5.2.1.3   Demand for higher productivity by electronics manufacturing service companies              58

5.2.1.4   Focus on quality control while manufacturing goods        58

5.2.2      RESTRAINTS       59

FIGURE 21           3D METROLOGY MARKET RESTRAINT AND ITS IMPACT   59

5.2.2.1   High cost incurred for setting up 3D metrology facility     59

5.2.3      OPPORTUNITIES               59

FIGURE 22           3D METROLOGY MARKET OPPORTUNITIES AND THEIR IMPACT   59

5.2.3.1   Increasing adoption of cloud computing services               60

5.2.3.2   Surging demand for industry 4.0               60

5.2.3.3   Growing demand for 3D metrology services        60

5.2.4      CHALLENGES      61

FIGURE 23           3D METROLOGY MARKET CHALLENGES AND THEIR IMPACT          61

5.2.4.1   Lack of simplified software solutions       61

5.2.4.2   Lack of expertise to efficiently handle 3D metrology systems      61

5.3          VALUE CHAIN ANALYSIS               62

FIGURE 24           VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS    62

5.4          3D METROLOGY ECOSYSTEM      63

FIGURE 25           ECOSYSTEM OF 3D METROLOGY MARKET             63

5.5          PORTERS FIVE FORCE ANALYSIS 64

TABLE 5                IMPACT OF PORTERS FIVE FORCES ON 3D METROLOGY MARKET                64

5.6          CASE STUDY ANALYSIS   65

5.6.1      ZEUS ENGINEERING CHOOSES FARO CAM2 SOFTWARE AND FAROARM TO SUPPORT BUSINESS GROWTH PLANS                65

5.6.2      PCM INNOVATION ACHIEVES AGILE MANUFACTURING IN AEROSPACE INSPECTION WITH FARO SOFTWARE       65

5.6.3      BMW GROUP USED HEXAGON’S LASER TRACKERS TO OPTIMIZE AUTOMOTIVE MANUFACTURING PROCESS        65

5.7          REGULATIONS   66

5.7.1      RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) AND WASTE ELECTRICAL AND ELECTRONIC EQUIPMENT (WEEE)                66

5.7.2      REGISTRATION, EVALUATION, AUTHORIZATION, AND RESTRICTION OF CHEMICALS (REACH)       67

5.7.3      THE GENERAL DATA PROTECTION REGULATION (GDPR) 67

5.7.4      IMPORT–EXPORT LAWS                67

5.8          PATENT ANALYSIS           68

TABLE 6                PATENT REGISTRATIONS RELATED TO 3D METROLOGY MARKET 68

5.9          TRADE AND TARIFF ANALYSIS     69

5.9.1      TRADE ANALYSIS FOR 3D METROLOGY MARKET 69

TABLE 7                IMPORT DATA FOR INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING FUNCTION IN INDUSTRIES, BY COUNTRY,

2015–2019 (USD MILLION)           70

TABLE 8                EXPORT DATA FOR INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING FUNCTION IN INDUSTRIES, BY COUNTRY,

2015–2019 (USD MILLION)           70

5.9.2      TARIFF ANALYSIS             71

TABLE 9                TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED

BY US FOR MEASURING FUNCTION         71

TABLE 10              TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED

BY GERMANY FOR MEASURING FUNCTION         72

TABLE 11              TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED

BY UK FOR MEASURING FUNCTION         72

TABLE 12              TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED

BY CHINA FOR MEASURING FUNCTION 73

TABLE 13              TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED

BY JAPAN FOR MEASURING FUNCTION 73

5.10        TECHNOLOGY ANALYSIS               74

5.11        AVERAGE SELLING PRICE (ASP) TRENDS 75

TABLE 14              ASP OF 3D METROLOGY PRODUCT TYPES, 2020–2026 (USD)         75

6              3D METROLOGY MARKET, BY OFFERING                76

6.1          INTRODUCTION                77

FIGURE 26           HARDWARE TO HOLD LARGEST SIZE OF 3D METROLOGY MARKET FROM

2021 TO 2026      77

TABLE 15              3D METROLOGY MARKET, BY OFFERING, 2017–2019 (USD MILLION)         77

TABLE 16              3D METROLOGY MARKET, BY OFFERING, 2020–2026 (USD MILLION)         77

6.2          HARDWARE        78

6.2.1      3D METROLOGY MARKET FOR HARDWARE TO HOLD LARGEST SHARE DURING FORECASTED PERIOD         78

TABLE 17              3D METROLOGY HARDWARE MARKET, BY END-USER INDUSTRY,

2017–2019 (USD MILLION)           78

TABLE 18              3D METROLOGY HARDWARE MARKET, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           79

6.3          SOFTWARE         80

6.3.1      INCREASED ADOPTION OF CLOUD SOFTWARE IN METROLOGY FUELS GROWTH OF SOFTWARE MARKET 80

TABLE 19              3D METROLOGY SOFTWARE MARKET, BY END-USER INDUSTRY,

2017–2019 (USD MILLION)           80

TABLE 20              3D METROLOGY SOFTWARE MARKET, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           81

6.4          SERVICES             81

6.4.1      AFTER-SALES SERVICES  81

6.4.1.1   Need for system upgrades drives after-sales service market       81

6.4.2      SOFTWARE-AS-A-SERVICE           82

6.4.2.1   Increasing cloud usage for metrology services drives adoption of software-as-a-service in 3D metrology                82

6.4.3      STORAGE-AS-A-SERVICE               82

6.4.3.1   Companies are focusing on adopting cost-effective measures thereby promoting shared cloud services for storage                82

6.4.4      MEASUREMENT SERVICES           82

6.4.4.1   Part measurement and outsourcing help in reducing overall production cost       82

TABLE 21              3D METROLOGY SERVICE MARKET, BY SERVICE TYPE,

2017–2019 (USD MILLION)           83

TABLE 22              3D METROLOGY SERVICE MARKET, BY SERVICE TYPE,

2020–2026 (USD MILLION)           83

TABLE 23              3D METROLOGY MARKET FOR SERVICES, BY END-USER INDUSTRY,

 2017–2019 (USD MILLION)          83

TABLE 24              3D METROLOGY MARKET FOR SERVICES, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           84

7              3D METROLOGY MARKET, BY PRODUCT TYPE      85

7.1          INTRODUCTION                86

FIGURE 27           CMM TO DOMINATE 3D METROLOGY MARKET FROM 2021 TO 2026         86

TABLE 25              3D METROLOGY MARKET, BY PRODUCT TYPE, 2017–2019 (UNITS)              86

TABLE 26              3D METROLOGY MARKET, BY PRODUCT TYPE, 2020–2026 (UNITS)              87

TABLE 27              3D METROLOGY MARKET, BY PRODUCT TYPE, 2017–2019 (USD MILLION)               87

TABLE 28              3D METROLOGY MARKET, BY PRODUCT TYPE, 2020–2026 (USD MILLION)               88

7.2          COORDINATE MEASURING MACHINES  88

7.2.1      BRIDGE CMM    88

7.2.1.1   Bridge design enables CMMs to provide better rigidity and high accuracy              88

7.2.2      GANTRY CMM   89

7.2.2.1   Gantry CMMs have special ability to measure large objects such as cars and other vehicles           89

7.2.3      HORIZONTAL ARM CMM              89

7.2.3.1   Horizontal CMMs are used to measure large and hard-to-reach workpieces         89

7.2.4      CANTILEVER CMM           89

7.2.4.1   Cantilever CMMs capture significant share of CMM market owing to their high accuracy in measuring objects     89

7.2.5      ARTICULATED ARM CMM             89

7.2.5.1   Ability to allow probe to be placed in different directions during measurement process drives market growth     89

TABLE 29              3D METROLOGY MARKET FOR CMM, BY TYPE, 2017–2019 (USD MILLION)              90

TABLE 30              3D METROLOGY MARKET FOR CMM, BY TYPE, 2020–2026 (USD MILLION)              90

TABLE 31              3D METROLOGY MARKET FOR CMM, BY END-USER INDUSTRY,

2017–2019 (USD MILLION)           91

TABLE 32              3D METROLOGY MARKET FOR CMM, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           91

TABLE 33              3D METROLOGY MARKET FOR CMM, BY REGION, 2017–2019 (USD MILLION)        92

TABLE 34              3D METROLOGY MARKET FOR CMM, BY REGION, 2020–2026 (USD MILLION)        92

7.3          OPTICAL DIGITIZER AND SCANNER           92

7.3.1      3D LASER SCANNER         92

7.3.1.1   Accuracy and versatility of scanning tools contribute to rapid adoption of 3D laser scanners          92

7.3.2      STRUCTURED LIGHT SCANNER   93

7.3.2.1   Need for accurate, cost-effective, better-quality, and reliable products across various industries contributes to growth of structured light scanner market           93

7.3.3      LASER TRACKER                93

7.3.3.1   Monitoring and measuring application across industries fuels growth of laser tracker market       93

TABLE 35              3D METROLOGY MARKET FOR ODS, BY TYPE, 2017–2019 (UNITS)                93

TABLE 36              3D METROLOGY MARKET FOR ODS, BY TYPE, 2020–2026 (UNITS)                94

TABLE 37              3D METROLOGY MARKET FOR ODS, BY TYPE, 2017–2019 (USD MILLION) 94

TABLE 38              3D METROLOGY MARKET FOR ODS, BY TYPE, 2020–2026 (USD MILLION) 94

TABLE 39              3D METROLOGY MARKET FOR ODS, BY END-USER INDUSTRY,

2017–2019 (USD MILLION)           95

TABLE 40              3D METROLOGY MARKET FOR ODS, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           95

TABLE 41              3D METROLOGY MARKET FOR ODS, BY REGION, 2017–2019 (USD MILLION)          96

TABLE 42              3D METROLOGY MARKET FOR ODS, BY REGION, 2020–2026 (USD MILLION)          96

7.4          VIDEO MEASURING MACHINE   96

7.4.1      VISION SYSTEM                97

7.4.1.1   Focus on high-resolution measurements in millimeter to nanometer range propels growth of vision system market                97

7.4.2      MEASURING MICROSCOPE         97

7.4.2.1   Industrial measurement and image analysis are major applications of measuring microscopes     97

7.4.3      OPTICAL COMPARATOR                97

7.4.3.1   Optical comparators are used to measure small objects and parts             97

7.4.4      MULTISENSOR MEASURING SYSTEM      97

7.4.4.1   Multisensor measuring systems are used for hard-to-reach areas using touch probe       97

TABLE 43              3D METROLOGY MARKET FOR VMM, BY END-USER INDUSTRY,

2017–2019 (USD MILLION)           98

TABLE 44              3D METROLOGY MARKET FOR VMM, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           98

TABLE 45              3D METROLOGY MARKET FOR VMM, BY REGION, 2017–2019 (USD MILLION)       99

TABLE 46              3D METROLOGY MARKET FOR VMM, BY REGION, 2020–2026 (USD MILLION)       99

7.5          3D AUTOMATED OPTICAL INSPECTION SYSTEM 99

7.5.1      ELECTRONICS INDUSTRY OFFERS LUCRATIVE MARKET FOR 3D AOI            99

TABLE 47              3D METROLOGY MARKET FOR 3D AOI, BY END-USER INDUSTRY,

2017–2019 (USD MILLION)           100

TABLE 48              3D METROLOGY MARKET FOR 3D AOI, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           100

TABLE 49              3D METROLOGY MARKET FOR 3D AOI, BY REGION,

2017–2019 (USD MILLION)           101

TABLE 50              3D METROLOGY MARKET FOR 3D AOI, BY REGION,

2020–2026 (USD MILLION)           101

7.6          FORM MEASUREMENT EQUIPMENT       101

7.6.1      SURFACE ANALYSIS AND CONTOUR MEASUREMENT ARE MAJOR DRIVERS FOR FORM MEASUREMENT EQUIPMENT MARKET               101

TABLE 51              3D METROLOGY MARKET FOR FORM MEASUREMENT EQUIPMENT,

BY END-USER INDUSTRY, 2017–2019 (USD MILLION)        102

TABLE 52              3D METROLOGY MARKET FOR FORM MEASUREMENT EQUIPMENT,

BY END-USER INDUSTRY, 2020–2026 (USD MILLION)        102

TABLE 53              3D METROLOGY MARKET FOR FORM MEASUREMENT EQUIPMENT,

BY REGION, 2017–2019 (USD MILLION)  103

TABLE 54              3D METROLOGY MARKET FOR FORM MEASUREMENT EQUIPMENT,

BY REGION, 2020–2026 (USD MILLION)  103

7.7          OTHERS                103

TABLE 55              3D METROLOGY MARKET FOR OTHER PRODUCTS, BY END-USER INDUSTRY, 2017–2019 (USD MILLION)    104

TABLE 56              3D METROLOGY MARKET FOR OTHER PRODUCTS, BY END-USER INDUSTRY, 2020–2026 (USD MILLION)    104

TABLE 57              3D METROLOGY MARKET FOR OTHER PRODUCTS, BY REGION,

2017–2019 (USD MILLION)           104

TABLE 58              3D METROLOGY MARKET FOR OTHER PRODUCTS, BY REGION,

2020–2026 (USD MILLION)           105

8              3D METROLOGY MARKET, BY APPLICATION         106

8.1          INTRODUCTION                107

FIGURE 28           3D METROLOGY MARKET FOR QUALITY CONTROL AND INSPECTION TO WITNESS HIGHEST CAGR FROM 2021 TO 2026                107

TABLE 59              3D METROLOGY MARKET, BY APPLICATION, 2017–2019 (USD MILLION)  107

TABLE 60              3D METROLOGY MARKET, BY APPLICATION, 2020–2026 (USD MILLION)  108

8.2          QUALITY CONTROL AND INSPECTION     108

8.2.1      RISING NEED TO MEET QUALITY STANDARDS FUELS GROWTH OF QUALITY CONTROL AND INSPECTION MARKET                108

TABLE 61              3D METROLOGY MARKET FOR QUALITY CONTROL AND INSPECTION,

BY END-USER INDUSTRY, 2017–2019 (USD MILLION)        109

TABLE 62              3D METROLOGY MARKET FOR QUALITY CONTROL AND INSPECTION,

BY END-USER INDUSTRY, 2020–2026 (USD MILLION)        109

8.3          REVERSE ENGINEERING                110

8.3.1      3D MODELLING DRIVES MARKET FOR REVERSE ENGINEERING APPLICATION        110

TABLE 63              3D METROLOGY MARKET FOR REVERSE ENGINEERING, BY END-USER INDUSTRY, 2016–2019 (USD MILLION)                110

TABLE 64              3D METROLOGY MARKET FOR REVERSE ENGINEERING, BY END-USER INDUSTRY, 2020–2026 (USD MILLION)                111

8.4          VIRTUAL SIMULATION   112

8.4.1      REAL-TIME GRAPHICAL ANALYSIS CONTRIBUTES TO GROWTH OF VIRTUAL SIMULATION MARKET             112

TABLE 65              3D METROLOGY MARKET FOR VIRTUAL SIMULATION, BY END-USER INDUSTRY, 2016–2019 (USD MILLION)                112

TABLE 66              3D METROLOGY MARKET FOR VIRTUAL SIMULATION, BY END-USER INDUSTRY, 2020–2026 (USD MILLION)                113

8.5          OTHERS                113

TABLE 67              3D METROLOGY MARKET FOR OTHER APPLICATIONS, BY END-USER INDUSTRY, 2016–2019 (USD MILLION)                114

TABLE 68              3D METROLOGY MARKET FOR OTHER APPLICATIONS, BY END-USER INDUSTRY, 2020–2026 (USD MILLION)                114

9              3D METROLOGY MARKET, BY END-USER INDUSTRY          115

9.1          INTRODUCTION                116

FIGURE 29           AUTOMOTIVE INDUSTRY TO DOMINATE 3D METROLOGY MARKET FROM

2021 TO 2026      116

TABLE 69              3D METROLOGY MARKET, BY END-USER INDUSTRY,

2017–2019 (USD MILLION)           116

TABLE 70              3D METROLOGY MARKET, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           117

9.2          AEROSPACE & DEFENSE                117

9.2.1      AIRCRAFT COMPONENTS             117

9.2.1.1   3D metrology is used for detailed inspection of components inside aircraft           117

9.2.2      DEFENSE              118

9.2.2.1   Metrology is largely used to study quality standards of defense equipment         118

9.2.3      SPACE EXPLORATION     118

9.2.3.1   Reverse engineering is among major application of 3D metrology in space exploration    118

TABLE 71              3D METROLOGY MARKET FOR AEROSPACE & DEFENSE INDUSTRY,

BY PRODUCT TYPE, 2017–2019 (USD MILLION)    118

TABLE 72              3D METROLOGY MARKET FOR AEROSPACE & DEFENSE INDUSTRY,

BY PRODUCT TYPE, 2020–2026 (USD MILLION)    119

TABLE 73              3D METROLOGY MARKET FOR AEROSPACE & DEFENSE INDUSTRY,

BY APPLICATION, 2017–2019 (USD MILLION)       119

TABLE 74              3D METROLOGY MARKET FOR AEROSPACE & DEFENSE INDUSTRY,

BY APPLICATION, 2020–2026 (USD MILLION)       120

TABLE 75              3D METROLOGY MARKET FOR AEROSPACE & DEFENSE INDUSTRY,

BY REGION, 2017–2019 (USD MILLION)  120

TABLE 76              3D METROLOGY MARKET FOR AEROSPACE & DEFENSE INDUSTRY,

BY REGION, 2020–2026 (USD MILLION)  120

9.3          AUTOMOTIVE   121

9.3.1      AUTOMOTIVE DESIGN & STYLING            121

9.3.1.1   Need for inspection of automobiles drives 3D metrology market               121

9.3.2      PILOT PLANT METROLOGY           121

9.3.2.1   Inline metrology is largely used inside automotive manufacturing plants                121

 

9.3.3      AUTOMOTIVE COMPONENT INSPECTION             121

9.3.3.1   Rising need for maintaining quality standards of automobiles demands metrology services          121

9.3.4      OTHERS                122

TABLE 77              3D METROLOGY MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT TYPE, 2017–2019 (USD MILLION)  122

TABLE 78              3D METROLOGY MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT TYPE, 2020–2026 (USD MILLION)  122

TABLE 79              3D METROLOGY MARKET FOR AUTOMOTIVE INDUSTRY, BY APPLICATION, 2017–2019 (USD MILLION)     123

TABLE 80              3D METROLOGY MARKET FOR AUTOMOTIVE INDUSTRY, BY APPLICATION, 2020–2026 (USD MILLION)     123

TABLE 81              3D METROLOGY MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION,

2017–2019 (USD MILLION)           123

TABLE 82              3D METROLOGY MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION,

2020–2026 (USD MILLION)           124

9.4          ARCHITECTURE & CONSTRUCTION           124

9.4.1      COMPUTER-AIDED DESIGN SOFTWARE DRIVES 3D METROLOGY MARKET FOR ARCHITECTURE & CONSTRUCTION INDUSTRY           124

TABLE 83              3D METROLOGY MARKET FOR ARCHITECTURE & CONSTRUCTION INDUSTRY, BY PRODUCT TYPE, 2017–2019 (USD MILLION) 125

TABLE 84              3D METROLOGY MARKET FOR ARCHITECTURE & CONSTRUCTION INDUSTRY, BY PRODUCT TYPE, 2020–2026 (USD MILLION) 125

TABLE 85              3D METROLOGY MARKET FOR ARCHITECTURE & CONSTRUCTION INDUSTRY, BY APPLICATION, 2017–2019 (USD MILLION) 125

TABLE 86              3D METROLOGY MARKET FOR ARCHITECTURE & CONSTRUCTION INDUSTRY, BY APPLICATION, 2020–2026 (USD MILLION) 126

TABLE 87              3D METROLOGY MARKET FOR ARCHITECTURE & CONSTRUCTION INDUSTRY, BY REGION, 2017–2019 (USD MILLION)             126

TABLE 88              3D METROLOGY MARKET FOR ARCHITECTURE & CONSTRUCTION INDUSTRY, BY REGION, 2020–2026 (USD MILLION)             126

9.5          MEDICAL             127

9.5.1      ORTHOPAEDICS AND PROSTHETICS         127

9.5.1.1   Optical metrology is largely adopted in medical industry                127

9.5.2      MEDICAL DEVICES           127

9.5.2.1   Computed tomography and X-ray are among widely-used devices for 3D inspection        127

9.5.3      DENTAL                127

9.5.3.1   Advancements in dental sector are largely driven by use of laser technology       127

TABLE 89              3D METROLOGY MARKET FOR MEDICAL INDUSTRY, BY PRODUCT TYPE, 2017–2019 (USD MILLION)            128

TABLE 90              3D METROLOGY MARKET FOR MEDICAL INDUSTRY, BY PRODUCT TYPE, 2020–2026 (USD MILLION)            128

TABLE 91              3D METROLOGY MARKET FOR MEDICAL INDUSTRY, BY APPLICATION,

2017–2019 (USD MILLION)           129

TABLE 92              3D METROLOGY MARKET FOR MEDICAL INDUSTRY, BY APPLICATION,

2020–2026 (USD MILLION)           129

TABLE 93              3D METROLOGY MARKET FOR MEDICAL INDUSTRY, BY REGION,

2017–2019 (USD MILLION)           129

TABLE 94              3D METROLOGY MARKET FOR MEDICAL INDUSTRY, BY REGION,

2020–2026 (USD MILLION)           130

9.6          SEMICONDUCTOR AND ELECTRONICS    130

9.6.1      AUTOMATED OPTICAL INSPECTION DRIVES ADOPTION OF 3D METROLOGY IN ELECTRONICS INDUSTRY  130

TABLE 95              3D METROLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY PRODUCT TYPE, 2017–2019 (USD MILLION) 131

TABLE 96              3D METROLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY PRODUCT TYPE, 2020–2026 (USD MILLION) 131

TABLE 97              3D METROLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY APPLICATION, 2017–2019 (USD MILLION) 131

TABLE 98              3D METROLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY APPLICATION, 2020–2026 (USD MILLION) 132

TABLE 99              3D METROLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)             132

TABLE 100            3D METROLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY REGION, 2020–2026 (USD MILLION)             133

9.7          ENERGY & POWER           133

9.7.1      TURBINES (GAS, WIND, & HYDRO)           133

9.7.1.1   Energy and power industry is among major adopter of 3D metrology for inspection         133

9.7.2      SOLAR PANEL    134

9.7.2.1   Smart city initiatives propel growth of energy & power industry 134

TABLE 101            3D METROLOGY MARKET FOR ENERGY & POWER INDUSTRY, BY PRODUCT TYPE, 2017–2019 (USD MILLION)                134

TABLE 102            3D METROLOGY MARKET FOR ENERGY & POWER INDUSTRY, BY PRODUCT TYPE, 2020–2026 (USD MILLION)                134

TABLE 103            3D METROLOGY MARKET FOR ENERGY & POWER INDUSTRY,

BY APPLICATION, 2017–2019 (USD MILLION)       135

TABLE 104            3D METROLOGY MARKET FOR ENERGY & POWER INDUSTRY,

BY APPLICATION, 2020–2026 (USD MILLION)       135

TABLE 105            3D METROLOGY MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2017–2019 (USD MILLION)        136

TABLE 106            3D METROLOGY MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2020–2026 (USD MILLION)        136

9.8          HEAVY MACHINERY        136

9.8.1      HEAVY MACHINERY INDUSTRY TO HOLD MAJOR SHARE OF 3D METROLOGY MARKET DURING FORECAST PERIOD                136

TABLE 107            3D METROLOGY MARKET FOR HEAVY MACHINERY INDUSTRY, BY PRODUCT TYPE, 2017–2019 (USD MILLION)                137

TABLE 108            3D METROLOGY MARKET FOR HEAVY MACHINERY INDUSTRY, BY PRODUCT TYPE, 2020–2026 (USD MILLION)                137

TABLE 109            3D METROLOGY MARKET FOR HEAVY MACHINERY INDUSTRY,

 BY APPLICATION, 2017–2019 (USD MILLION)      138

TABLE 110            3D METROLOGY MARKET FOR HEAVY MACHINERY INDUSTRY,

BY APPLICATION, 2020–2026 (USD MILLION)       138

TABLE 111            3D METROLOGY MARKET FOR HEAVY MACHINERY INDUSTRY, BY REGION, 2017–2019 (USD MILLION)      138

TABLE 112            3D METROLOGY MARKET FOR HEAVY MACHINERY INDUSTRY, BY REGION, 2020–2026 (USD MILLION)      139

9.9          MINING               139

9.9.1      FORM MEASUREMENT IS LARGELY USED FOR 3D METROLOGY IN MINING            139

TABLE 113            3D METROLOGY MARKET FOR MINING INDUSTRY, BY PRODUCT TYPE,

2017–2019 (USD MILLION)           139

TABLE 114            3D METROLOGY MARKET FOR MINING INDUSTRY, BY PRODUCT TYPE,

2020–2026 (USD MILLION)           140

TABLE 115            3D METROLOGY MARKET FOR MINING INDUSTRY, BY APPLICATION,

2017–2019 (USD MILLION)           140

TABLE 116            3D METROLOGY MARKET FOR MINING INDUSTRY, BY APPLICATION,

2020–2026 (USD MILLION)           140

TABLE 117            3D METROLOGY MARKET FOR MINING INDUSTRY, BY REGION,

2017–2019 (USD MILLION)           141

TABLE 118            3D METROLOGY MARKET FOR MINING INDUSTRY, BY REGION,

2020–2026 (USD MILLION)           141

9.10        OTHERS                141

TABLE 119            3D METROLOGY MARKET FOR OTHER INDUSTRIES, BY PRODUCT TYPE, 2017–2019 (USD MILLION)              142

TABLE 120            3D METROLOGY MARKET FOR OTHER INDUSTRIES, BY PRODUCT TYPE, 2020–2026 (USD MILLION)              142

TABLE 121            3D METROLOGY MARKET FOR OTHER INDUSTRIES, BY APPLICATION,

2017–2019 (USD MILLION)           142

TABLE 122            3D METROLOGY MARKET FOR OTHER INDUSTRIES, BY APPLICATION,

2020–2026 (USD MILLION)           143

TABLE 123            3D METROLOGY MARKET FOR OTHER INDUSTRIES, BY REGION,

2017–2019 (USD MILLION)           143

TABLE 124            3D METROLOGY MARKET FOR OTHER INDUSTRIES, BY REGION,

2020–2026 (USD MILLION)           143

10           GEOGRAPHIC ANALYSIS                144

10.1        INTRODUCTION                145

FIGURE 30           GEOGRAPHIC ANALYSIS: 3D METROLOGY MARKET (2021–2026) 145

TABLE 125            3D METROLOGY MARKET, BY REGION, 2017–2019 (USD MILLION)             145

TABLE 126            3D METROLOGY MARKET, BY REGION, 2020–2026 (USD MILLION)             146

10.2        NORTH AMERICA             146

FIGURE 31           NORTH AMERICA: SNAPSHOT OF 3D METROLOGY MARKET          147

TABLE 127            3D METROLOGY MARKET IN NORTH AMERICA, BY COUNTRY,

2017–2019 (USD MILLION)           147

TABLE 128            3D METROLOGY MARKET IN NORTH AMERICA, BY COUNTRY,

2020–2026 (USD MILLION)           148

10.2.1    US          148

10.2.1.1                US held largest share of 3D metrology market in 2020     148

 

10.2.2    CANADA              149

10.2.2.1                Automotive and aerospace industries in Canada to drive 3D metrology market during forecast period     149

10.2.3    MEXICO               149

10.2.3.1                Growing automotive industry in Mexico to drive 3D metrology market during forecast period     149

TABLE 129            3D METROLOGY MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2019 (USD MILLION)         150

TABLE 130            3D METROLOGY MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2020–2026 (USD MILLION)         150

TABLE 131            3D METROLOGY MARKET IN NORTH AMERICA, BY PRODUCT TYPE,

2017–2019 (USD MILLION)           151

TABLE 132            3D METROLOGY MARKET IN NORTH AMERICA, BY PRODUCT TYPE,

2020–2026 (USD MILLION)           151

10.3        EUROPE               151

FIGURE 32           EUROPE: SNAPSHOT OF 3D METROLOGY MARKET            152

TABLE 133            3D METROLOGY MARKET IN EUROPE, BY COUNTRY,

2017–2019 (USD MILLION)           153

TABLE 134            3D METROLOGY MARKET IN EUROPE, BY COUNTRY,

2020–2026 (USD MILLION)           153

10.3.1    GERMANY           153

10.3.1.1                Presence of major automotive players drives market for 3D metrology in Germany         153

10.3.2    UK          154

10.3.2.1                UK accounted for largest share of European 3D metrology market in 2019             154

10.3.3    FRANCE                155

10.3.3.1                Medical industry is expected to offer significant demand for 3D metrology in France       155

10.3.4    ITALY     155

10.3.4.1                Italian 3D metrology market to grow at steady rate during forecast period            155

10.3.5    SPAIN   156

10.3.5.1                Market in Spain to grow at significant rate between 2021 and 2026           156

10.3.6    REST OF EUROPE              156

TABLE 135            3D METROLOGY MARKET IN EUROPE, BY END-USER INDUSTRY,

2017–2019 (USD MILLION)           156

TABLE 136            3D METROLOGY MARKET IN EUROPE, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           157

TABLE 137            3D METROLOGY MARKET IN EUROPE, BY PRODUCT TYPE,

2017–2019 (USD MILLION)           157

TABLE 138            3D METROLOGY MARKET IN EUROPE, BY PRODUCT TYPE,

2020–2026 (USD MILLION)           157

10.4        APAC     158

FIGURE 33           APAC: SNAPSHOT OF 3D METROLOGY MARKET  159

TABLE 139            3D METROLOGY MARKET IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)        160

TABLE 140            3D METROLOGY MARKET IN APAC, BY COUNTRY, 2020–2026 (USD MILLION)        160

10.4.1    CHINA   160

10.4.1.1                China held largest market share in 2020 in APAC                160

10.4.2    JAPAN  161

10.4.2.1                Growth in automotive and semiconductor industries drives market for 3D metrology in Japan    161

10.4.3    SOUTH KOREA   161

10.4.3.1                Exponential growth in automotive and electronics industries boosts market growth for 3D metrology in South Korea       161

10.4.4    INDIA    162

10.4.4.1                Supporting government policies and FDI in automotive and electronics manufacturing boost market growth for 3D metrology              162

10.4.5    REST OF APAC   163

TABLE 141            3D METROLOGY MARKET IN APAC, BY END-USER INDUSTRY,

2017–2019 (USD MILLION)           163

TABLE 142            3D METROLOGY MARKET IN APAC, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           163

TABLE 143            3D METROLOGY MARKET IN APAC, BY PRODUCT TYPE,

2017–2019 (USD MILLION)           164

TABLE 144            3D METROLOGY MARKET IN APAC, BY PRODUCT TYPE,

2020–2026 (USD MILLION)           164

10.5        ROW      164

TABLE 145            3D METROLOGY MARKET IN ROW, BY REGION, 2017–2019 (USD MILLION)            164

TABLE 146            3D METROLOGY MARKET IN ROW, BY REGION, 2020–2026 (USD MILLION)            165

10.5.1    MIDDLE EAST & AFRICA 165

10.5.1.1                Heavy government spending contributes to growth of 3D metrology market in Middle East and Africa    165

10.5.2    SOUTH AMERICA             165

10.5.2.1                Growing automotive base in South America propels growth of

3D metrology market     165

TABLE 147            3D METROLOGY MARKET IN ROW, BY END-USER INDUSTRY,

2017–2019 (USD MILLION)           166

TABLE 148            3D METROLOGY MARKET IN ROW, BY END-USER INDUSTRY,

2020–2026 (USD MILLION)           166

TABLE 149            3D METROLOGY MARKET IN ROW, BY PRODUCT TYPE,

2017–2019 (USD MILLION)           167

TABLE 150            3D METROLOGY MARKET IN ROW, BY PRODUCT TYPE,

2020–2026 (USD MILLION)           167

11           COMPETITIVE LANDSCAPE           168

11.1        OVERVIEW          168

FIGURE 34           COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM NOVEMBER 2018 TO NOVEMBER 2020              168

11.2        MARKET EVALUATION FRAMEWORK      169

11.3        FIVE-YEAR COMPANY REVENUE ANALYSIS           171

FIGURE 35           FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN 3D METROLOGY MARKET      171

 

11.4        MARKET SHARE ANALYSIS, 2020                172

FIGURE 36           3D METROLOGY MARKET: MARKET SHARE ANALYSIS (2020)         172

11.5        COMPANY EVALUATION MATRIX             173

11.5.1    STAR      173

11.5.2    PERVASIVE         173

11.5.3    EMERGING LEADER         173

11.5.4    PARTICIPANT     174

FIGURE 37           3D METROLOGY MARKET COMPANY EVALUATION MATRIX, 2020              174

11.6        3D METROLOGY MARKET: PRODUCT FOOTPRINT              175

TABLE 151            COMPANY FOOTPRINT OF COMPANIES 175

FIGURE 38           INDUSTRY FOOTPRINT OF COMPANIES  175

TABLE 152            REGIONAL FOOTPRINT OF COMPANIES 176

11.7        STARTUP/SME EVALUATION QUADRANT, 2020  176

11.7.1    PROGRESSIVE COMPANIES         176

11.7.2    RESPONSIVE COMPANIES            176

11.7.3    DYNAMIC COMPANIES  177

11.7.4    STARTING BLOCKS           177

FIGURE 39           3D METROLOGY MARKET, STARTUP/SME EVALUATION QUADRANT, 2020             177

11.8        COMPETITIVE SITUATIONS AND TRENDS               178

FIGURE 40           3D METROLOGY MARKET EVALUATION FRAMEWORK OF MAJOR COMPANIES    178

11.8.1    PRODUCT LAUNCHES/DEVELOPMENTS  178

TABLE 153            TOP 5 PRODUCT LAUNCHES/DEVELOPMENTS, NOVEMBER 2018 TO DECEMBER 2020        178

11.8.2    EXPANSIONS, ACQUISITIONS, PARTNERSHIPS, AND COLLABORATIONS  179

TABLE 154            TOP 5 EXPANSIONS, ACQUISITIONS, PARTNERSHIPS, AND COLLABORATIONS FROM NOVEMBER 2018 TO DECEMBER 2020               179

12           COMPANY PROFILES      180

12.1        KEY PLAYERS      180

12.2        INTRODUCTION                180

12.3        IMPACT OF COVID-19 ON PLAYERS OF 3D METROLOGY MARKET                180

(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*

12.3.1    HEXAGON           181

FIGURE 41           HEXAGON: COMPANY SNAPSHOT            181

12.3.2    FARO TECHNOLOGIES, INC.         185

FIGURE 42           FARO TECHNOLOGIES, INC.: COMPANY SNAPSHOT          186

12.3.3    NIKON CORPORATION  190

FIGURE 43           NIKON CORP.: COMPANY SNAPSHOT     190

12.3.4    ZEISS GROUP     194

FIGURE 44           ZEISS GROUP: COMPANY SNAPSHOT      194

12.3.5    KLA CORPORATION         197

FIGURE 45           KLA CORPORATION: COMPANY SNAPSHOT         197

12.3.6    KEYENCE CORP.                200

FIGURE 46           KEYENCE CORP.: COMPANY SNAPSHOT 200

12.3.7    JENOPTIK            202

FIGURE 47           JENOPTIK: COMPANY SNAPSHOT             202

12.3.8    RENISHAW          204

FIGURE 48           RENISHAW: COMPANY SNAPSHOT          204

12.3.9    MITUTOYO CORPORATION          206

12.3.10  CREAFORM         208

12.3.11  GOM     211

*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

12.4        OTHER KEY PLAYERS        212

12.4.1    BAKER HUGHES COMPANY          212

12.4.2    CYBEROPTICS CORP.       213

12.4.3    TRIMBLE, INC.   214

12.4.4    SGS GROUP        214

12.4.5    IKUSTEC               215

12.4.6    PERCEPTRON, INC.          215

12.4.7    3D SYSTEMS, INC.            216

12.4.8    AUTOMATED PRECISION, INC    216

12.4.9    CARMAR ACCURACY CO., LTD.   217

12.4.10  INTERTEK GROUP PLC    217

12.4.11  BRUKER                218

12.4.12  SHINING 3D        218

12.4.13  INNOVMETRIC SOFTWARE INC. 219

12.4.14  ARTEC 3D             219

12.4.15  METROLOGIC GROUP    220

12.4.16  ACCUSCAN         221

13           APPENDIX           222

13.1        DISCUSSION GUIDE        222

13.2        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL   226

13.3        AVAILABLE CUSTOMIZATIONS   228

13.4        RELATED REPORTS           228

13.5        AUTHOR DETAILS             229

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Telecom Power System Market by grid type (On-Grid, Off-Grid, Bad grid), component, power source, Technology, (AC power system, DC power system), Power...

Publisher:        MarketsandMarkets

# of Pages:        230

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Publication Date:  March, 2022

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1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 22
1.3 STUDY SCOPE 23
1.3.1 MARKET SEGMENTATION 23
FIGURE 1 TELECOM POWER SYSTEM MARKET SEGMENTATION 23
1.3.2 GEOGRAPHIC SCOPE 23
1.3.3 INCLUSIONS AND EXCLUSIONS 24
1.3.4 YEARS CONSIDERED 25
1.4 CURRENCY 25
1.5 STAKEHOLDERS 25
1.6 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 2 TELECOM POWER SYSTEM MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Primary interviews with experts 29
2.1.2.2 Breakdown of primary interviews 29
2.1.2.3 Key data from primary sources 30
2.1.2.4 Key industry insights 30
2.2 MARKET SIZE ESTIMATION 31
FIGURE 3 TELECOM POWER SYSTEM MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 31
2.2.1 TOP-DOWN APPROACH 31
2.2.1.1 Approach for capturing market size by top-down analysis
(supply side) 32
FIGURE 4 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE 32
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE 33
2.2.2 BOTTOM-UP APPROACH 34
2.2.2.1 Approach for capturing market share by bottom-up analysis
(demand side) 34
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE 34
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 35
FIGURE 7 DATA TRIANGULATION 35
 
2.4 RESEARCH ASSUMPTIONS 36
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 36
2.5 LIMITATIONS 37
2.6 RISK FACTORS 37
3 EXECUTIVE SUMMARY 38
FIGURE 8 TELECOM POWER SYSTEM MARKET, 2018–2027 (USD BILLION) 39
3.1 TELECOM POWER SYSTEM MARKET SCENARIO 39
FIGURE 9 GROWTH PROJECTIONS FOR TELECOM POWER SYSTEM MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 39
3.1.1 REALISTIC SCENARIO 40
3.1.2 PESSIMISTIC SCENARIO 40
3.1.3 OPTIMISTIC SCENARIO 40
FIGURE 10 BAD GRID SEGMENT TO HOLD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET, BY GRID TYPE, DURING FORECAST PERIOD 40
FIGURE 11 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET, BY COMPONENT, DURING FORECAST PERIOD 41
FIGURE 12 DIESEL-BATTERY SEGMENT HELD LARGEST SHARE, BY POWER SOURCE,
OF TELECOM POWER SYSTEM MARKET IN 2021 41
FIGURE 13 APAC TO EXHIBIT HIGHEST CAGR IN GLOBAL TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 42
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN TELECOM POWER SYSTEM MARKET 43
FIGURE 14 INCREASING NUMBER OF TELECOM INFRASTRUCTURES IN REMOTE AREAS TO CREATE GROWTH OPPORTUNITIES FOR MARKET 43
4.2 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 44
FIGURE 15 DIESEL-SOLAR POWER SOURCE TO WITNESS HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 44
4.3 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 44
FIGURE 16 BAD-GRID SEGMENT HELD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET IN 2021 44
4.4 TELECOM POWER SYSTEM MARKET, BY COMPONENT 45
FIGURE 17 INVERTER COMPONENT SEGMENT TO EXPERIENCE HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 45
4.5 COUNTRY-WISE TELECOM POWER SYSTEM MARKET GROWTH 46
FIGURE 18 TELECOM POWER SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 47
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 47
5.2.1 DRIVERS 48
FIGURE 20 TELECOM POWER SYSTEM MARKET DRIVERS AND THEIR IMPACT 48
5.2.1.1 Increasing number of telecom infrastructures in remote areas 48
TABLE 2 4G TECHNOLOGY PENETRATION IN URBAN VS RURAL AREAS 49
5.2.1.2 Growing adoption of telecom services and high data traffic 49
FIGURE 21 MOBILE DATA TRAFFIC 2018–2022 49
TABLE 3 PENETRATION OF INDIVIDUALS USING INTERNET 50
5.2.1.3 Rising awareness about reducing carbon footprint from telecom power systems 50
5.2.2 RESTRAINTS 51
FIGURE 22 TELECOM POWER SYSTEM MARKET RESTRAINTS AND THEIR IMPACT 51
5.2.2.1 High deployment and operational costs 51
5.2.2.2 Environmental concerns due to usage of diesel 51
5.2.3 OPPORTUNITY 52
FIGURE 23 TELECOM POWER SYSTEM MARKET OPPORTUNITIES AND THEIR IMPACT 52
5.2.3.1 Growing adoption of hybrid power systems 52
5.2.3.2 Increasing technological advancements in cellular networks
(5G, LTE services, etc.) 53
TABLE 4 4G TECHNOLOGY PENETRATION 53
5.2.3.3 Surging requirements for advanced telecom infrastructure and
M2M connections 53
FIGURE 24 CELLULAR IOT CONNECTIONS, 2019 VS. 2025 54
5.2.3.4 Rising use of GaN-based power devices with evolution of 5G technology 54
5.2.4 CHALLENGES 55
FIGURE 25 TELECOM POWER SYSTEM MARKET CHALLENGES AND THEIR IMPACT 55
5.2.4.1 Lack of infrastructure development for energy management 55
5.2.4.2 Design challenges for telecom power systems 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 56
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO TELECOM POWER SYSTEM MARKET 56
5.4 ECOSYSTEM/MARKET MAP 57
TABLE 5 TELECOM POWER SYSTEM MARKET: ECOSYSTEM 57
FIGURE 27 KEY PLAYERS IN TELECOM POWER SYSTEM ECOSYSTEM 58
5.4.1 TELECOM POWER SYSTEM MANUFACTURERS 58
5.4.2 TELECOM NETWORK SOLUTION PROVIDERS 58
5.4.3 SYSTEM INTEGRATORS 58
5.4.4 NETWORK OPERATORS 59
5.5 TECHNOLOGY ANALYSIS 59
5.5.1 5G NETWORK 59
5.5.2 SMART MANUFACTURING 59
5.5.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS 60
5.6 VALUE CHAIN ANALYSIS 60
FIGURE 28 VALUE CHAIN: TELECOM POWER SYSTEM MARKET 60
 
5.7 PATENT ANALYSIS 62
TABLE 6 NOTABLE PATENTS PERTAINING TO TELECOM POWER SYSTEM MARKET 62
TABLE 7 NUMBER OF PATENTS REGISTERED RELATED TO TELECOM POWER SYSTEM MARKET IN LAST 10 YEARS 66
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS IN LAST 10 YEARS 67
FIGURE 30 NO. OF PATENTS GRANTED PER YEAR, 2012–2021 67
5.8 REGULATORY LANDSCAPE 68
5.8.1 NORTH AMERICA 68
5.8.2 EUROPE 68
5.8.3 APAC 69
5.8.4 GLOBAL 69
5.9 TRADE DATA 69
5.9.1 IMPORT DATA 70
TABLE 8 IMPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.9.2 EXPORT DATA 70
TABLE 9 EXPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.10 CASE STUDY ANALYSIS 71
5.10.1 POWERING OF LARGE TELECOM AND SEASONAL AIR CONDITIONING 71
5.10.2 ADVANCED REMOTE TELECOM SITE AUTOMATION 71
5.10.3 OFF-GRID LTE WIRELESS NETWORKS 72
5.10.4 HYBRID OFF-GRID TELECOM SITES 72
5.10.5 HD-PLC FOR A FASTER, CHEAPER SMART METERING 73
5.11 KEY CONFERENCES & EVENTS DURING 2022–2023 73
TABLE 10 TELECOM POWER SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS 73
5.12 PORTER’S FIVE FORCE ANALYSIS 77
TABLE 11 IMPACT OF PORTER’S FIVE FORCES ON TELECOM POWER SYSTEM MARKET 77
FIGURE 31 TELECOM POWER SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.12.1 INTENSITY OF COMPETITIVE RIVALRY 78
5.12.2 THREAT OF SUBSTITUTES 78
5.12.3 BARGAINING POWER OF BUYERS 78
5.12.4 BARGAINING POWER OF SUPPLIERS 78
5.12.5 THREAT OF NEW ENTRANTS 78
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 79
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES 79
TABLE 12 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES (%) 79
5.13.2 BUYING CRITERIA 80
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
TABLE 13 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
5.14 AVERAGE SELLING PRICE (ASP) ANALYSIS 81
FIGURE 34 GLOBAL ASP OF TELECOM POEWR SYSTEMS, 2021 81
6 TELECOM POWER SYSTEM MARKET, BY COMPONENT 82
6.1 INTRODUCTION 83
FIGURE 35 INVERTERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 83
TABLE 14 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2018–2021 (USD MILLION) 83
TABLE 15 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2022–2027 (USD MILLION) 84
6.2 RECTIFIERS 84
6.2.1 RECTIFIERS CONVERT ALTERNATING CURRENT TO DIRECT CURRENT AND PROVIDE POWER TO CHARGE BATTERIES 84
6.3 INVERTERS 85
6.3.1 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 85
6.4 CONVERTERS 85
6.4.1 MAJOR FUNCTION OF CONVERTERS IS TO CONVERT UNREGULATED VOLTAGE INTO REGULATED VOLTAGE 85
6.5 CONTROLLERS 86
6.5.1 CONTROLLERS PROVIDE INTELLIGENT CONTROL AND MONITOR OPERATIONAL PARAMETERS OF TEMECOM POEWR SYSTEMS 86
6.6 HEAT MANAGEMENT SYSTEMS 86
6.6.1 HEAT MANAGEMENT SYSTEMS OFFER INCLUDE HEAT EXCHANGE, DIRECT VENTILATION, THERMOELECTRIC COOLING, AND DC-POWERED AIR CONDITIONING 86
6.7 GENERATORS 87
6.7.1 GENERATORS PROVIDE RELIABILITY AND LONG HOURS OF USE IN REMOTE LOCATIONS WITHOUT COMPROMISING PERFORMANCE 87
6.8 OTHERS 87
6.8.1 POWER DISTRIBUTION UNITS 87
6.8.2 BATTERIES 88
6.8.3 SOLAR OR PV CELLS 88
6.8.4 WIND TURBINES 88
6.8.5 SURGE PROTECTION DEVICES 89
6.8.6 CIRCUIT BREAKERS 89
7 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 91
7.1 INTRODUCTION 92
FIGURE 36 TELECOM POWER SYSTEM FOR OFF-GRID TYPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 16 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2018–2021 (USD MILLION) 92
TABLE 17 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2022–2027 (USD MILLION) 92
 
7.2 ON-GRID 93
7.2.1 ON-GRID-CONNECTED TELECOM POWER SYSTEMS HAVE LOWER ENVIRONMENTAL IMPACT 93
TABLE 18 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2018–2021 (USD MILLION) 93
TABLE 19 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2022–2027 (USD MILLION) 93
7.3 OFF-GRID 94
7.3.1 OFF-GRID-CONNECTED TELECOM POWER SYSTEMS ARE EXPECTED TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 94
TABLE 20 TELECOM POWER SYSTEM MARKET FOR OFF-GRID, BY REGION,
2018–2021 (USD MILLION) 94
TABLE 21 TELECOM POWER SYSTEM MARKET FOR OFF-GRID BY REGION,
2022–2027 (USD MILLION) 95
7.4 BAD GRID 95
7.4.1 BAD GRID-CONNECTED TELECOM POWER SYSTEMS ARE MAINLY USED IN DEVELOPING ECONOMIES SUCH AS INDIA, BRAZIL, AND AFRICAN COUNTRIES 95
TABLE 22 TELECOM POWER SYSTEM MARKET FOR BAD GRID, BY REGION,
2018–2021 (USD MILLION) 96
TABLE 23 TELECOM POWER SYSTEM MARKET FOR BAD GRID BY REGION,
2022–2027 (USD MILLION) 96
8 TELECOM POWER SYSTEM MARKET, BY POWER RATING 97
8.1 INTRODUCTION 98
FIGURE 37 TELECOM POWER SYSTEMS WITH BELOW 10 KW POWER RATING TO DOMINATE MARKET DURING FORECAST PERIOD 98
TABLE 24 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (USD MILLION) 98
TABLE 25 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (USD MILLION) 99
TABLE 26 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (THOUSAND UNITS) 99
TABLE 27 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (THOUSAND UNITS) 99
8.2 BELOW 10 KW 100
8.2.1 TELECOM POWER SYSTEMS BELOW 10 KW ARE MAINLY USED IN CELL TOWERS, BTS, AND BASE STATIONS FOR TELECOM TOWERS 100
8.3 10–20 KW 100
8.3.1 POWER SYSTEMS OF 10–20 KW RATING ARE PRIMARILY USED IN
5G TOWERS AND RECTIFIER MODULES 100
8.4 ABOVE 20 KW 100
8.4.1 POWER SYSTEMS ABOVE 20 KW ARE MAINLY USED IN ACCESS NETWORKS, DATA CENTERS, AND INDOOR POWER SYSTEMS 100
 
9 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 101
9.1 INTRODUCTION 102
FIGURE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL-SOLAR POWER SOURCE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 102
TABLE 28 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2018–2021 (USD MILLION) 102
TABLE 29 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2022–2027 (USD MILLION) 103
9.2 DIESEL–BATTERY POWER SOURCE 103
9.2.1 DIESEL–BATTERY POWER SOURCE IS MOST COMMON POWER SOURCE USED FOR TELECOM POWER SYSTEMS 103
TABLE 30 ADVANTAGES OF DIESEL–BATTERY POWER SOURCE 103
TABLE 31 DISADVANTAGES OF DIESEL–BATTERY POWER SOURCE 104
TABLE 32 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 33 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE BY REGION, 2022–2027 (USD MILLION) 105
TABLE 34 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 105
TABLE 35 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 105
TABLE 36 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 37 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 106
TABLE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 39 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 107
TABLE 40 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 107
TABLE 41 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 107
9.3 DIESEL–SOLAR POWER SOURCE 108
9.3.1 DIESEL–SOLAR POWER SOURCE IS DESIGNED TO USE IN MORE REMOTE CELLULAR BASE STATIONS 108
TABLE 42 ADVANTAGES OF DIESEL–SOLAR POWER SOURCE 108
TABLE 43 DISADVANTAGES OF DIESEL–SOLAR POWER SOURCE 109
TABLE 44 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 109
TABLE 45 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 110
TABLE 46 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 110
TABLE 47 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 110
TABLE 48 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 49 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 111
TABLE 50 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 51 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 112
TABLE 52 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 112
TABLE 53 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 112
9.4 DIESEL–WIND POWER SOURCE 113
9.4.1 DIESEL–WIND POWER SYSTEMS ARE WELL SUITED IN BAD-GRID AND OFF-GRID AREAS 113
TABLE 54 ADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 55 DISADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 56 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 114
TABLE 57 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 114
TABLE 58 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 114
TABLE 59 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 60 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 115
TABLE 61 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 62 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 116
TABLE 63 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 116
TABLE 64 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 116
TABLE 65 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 117
9.5 MULTIPLE POWER SOURCES (DIESEL/SOLAR/WIND/BATTERY/BIOMASS) 117
9.5.1 MULTIPLE POWER SOURCES ENABLE COST-EFFECTIVE WAY OF GENERATING ELECTRICITY 117
TABLE 66 ADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 67 DISADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 68 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2018–2021 (USD MILLION) 118
TABLE 69 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2022–2027 (USD MILLION) 119
TABLE 70 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 71 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 72 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 73 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 120
TABLE 74 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 75 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 121
TABLE 76 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2018–2021 (USD MILLION) 121
TABLE 77 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2022–2027 (USD MILLION) 121
10 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY 122
10.1 INTRODUCTION 123
FIGURE 39 DC POWER SYSTEMS TO HOLD LARGER SHARE OF TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 123
TABLE 78 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION) 123
TABLE 79 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION) 123
10.2 AC POWER SYSTEMS 124
10.2.1 AC POWER SYSTEMS ARE MAINLY USED FOR TESTING RF AMPLIFIERS, SATELLITES, AND DATA CENTERS 124
10.3 DC POWER SYSTEMS 124
10.3.1 DC POWER SYSTEMS ARE MAINLY USED IN TELECOM POWER SYSTEMS 124
11 GEOGRAPHIC ANALYSIS 125
11.1 INTRODUCTION 126
FIGURE 40 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 80 TELECOM POWER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION) 126
TABLE 81 TELECOM POWER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION) 127
11.2 NORTH AMERICA 127
FIGURE 41 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN NORTH AMERICA 128
TABLE 82 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 128
TABLE 83 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 129
TABLE 84 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 129
TABLE 85 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 129
 
11.2.1 US 129
11.2.1.1 US held largest size of North American market in 2021 129
TABLE 86 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2018–2021 (USD MILLION) 130
TABLE 87 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2022–2027 (USD MILLION) 130
11.2.2 CANADA 131
11.2.2.1 Demand for telecom power systems in Canada is primarily driven by development of telecom infrastructure in rural areas 131
TABLE 88 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2018–2021 (USD MILLION) 131
TABLE 89 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2022–2027 (USD MILLION) 131
11.2.3 MEXICO 132
11.2.3.1 Mexico is estimated to be fastest-growing market in North America during forecast period 132
TABLE 90 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2018–2021 (USD MILLION) 132
TABLE 91 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2022–2027 (USD MILLION) 132
11.3 EUROPE 133
FIGURE 42 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN EUROPE 134
TABLE 92 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION) 134
TABLE 93 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 135
TABLE 94 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2018–2021 (USD MILLION) 135
TABLE 95 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2022–2027 (USD MILLION) 135
11.3.1 UK 136
11.3.1.1 UK is expected to be fastest-growing market in Europe during forecast period 136
TABLE 96 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2018–2021 (USD MILLION) 136
TABLE 97 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2022–2027 (USD MILLION) 136
11.3.2 GERMANY 137
11.3.2.1 Germany held largest share of telecom power system market in Europe in 2021 137
TABLE 98 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2018–2021 (USD MILLION) 137
TABLE 99 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2022–2027 (USD MILLION) 137
 
11.3.3 FRANCE 138
11.3.3.1 Expected introduction of upcoming 5G technology provides significant investment opportunities for leading telecom power system providers in France 138
TABLE 100 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2018–2021 (USD MILLION) 138
TABLE 101 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2022–2027 (USD MILLION) 138
11.3.4 SPAIN 139
11.3.4.1 Spain has developed telecommunication services with various new technologies and innovation trends 139
TABLE 102 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2018–2021 (USD MILLION) 139
TABLE 103 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2022–2027 (USD MILLION) 139
11.3.5 REST OF EUROPE 140
TABLE 104 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2018–2021 (USD MILLION) 140
TABLE 105 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2022–2027 (USD MILLION) 140
11.4 APAC 140
FIGURE 43 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN APAC 141
TABLE 106 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION) 142
TABLE 107 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION) 142
TABLE 108 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2018–2021 (USD MILLION) 142
TABLE 109 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2022–2027 (USD MILLION) 143
11.4.1 CHINA 143
11.4.1.1 China held largest share of telecom power system market in APAC
in 2021 143
TABLE 110 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2018–2021 (USD MILLION) 144
TABLE 111 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2022–2027 (USD MILLION) 144
11.4.2 JAPAN 144
11.4.2.1 Development and deployment of advanced telecom network infrastructures present opportunities for telecom power system providers in Japan 144
TABLE 112 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2018–2021 (USD MILLION) 145
TABLE 113 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2022–2027 (USD MILLION) 145
 
11.4.3 SOUTH KOREA 145
11.4.3.1 South Korea is among leaders in terms of development of telecom networks 145
TABLE 114 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2018–2021 (USD MILLION) 146
TABLE 115 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2022–2027 (USD MILLION) 146
11.4.4 INDIA 146
11.4.4.1 India is expected to be fastest-growing market during forecast period 146
TABLE 116 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2018–2021 (USD MILLION) 147
TABLE 117 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2022–2027 (USD MILLION) 147
11.4.5 AUSTRALIA & NEW ZEALAND 148
11.4.5.1 Technological advancements and telecom infrastructure developments propel growth of telecom power system market 148
TABLE 118 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2018–2021 (USD MILLION) 148
TABLE 119 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2022–2027 (USD MILLION) 148
11.4.6 REST OF APAC 149
TABLE 120 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2018–2021 (USD MILLION) 149
TABLE 121 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2022–2027 (USD MILLION) 149
11.5 ROW 150
TABLE 122 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION) 150
TABLE 123 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION) 150
TABLE 124 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2018–2021 (USD MILLION) 150
TABLE 125 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2022–2027 (USD MILLION) 151
11.5.1 MIDDLE EAST AND AFRICA 151
11.5.1.1 Middle East and Africa are expected to witness higher growth of market in RoW during forecast period 151
TABLE 126 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2018–2021 (USD MILLION) 152
TABLE 127 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2022–2027 (USD MILLION) 152
11.5.2 SOUTH AMERICA 152
11.5.2.1 Deployment of telecom infrastructures in rural areas propels growth of market in South America 152
TABLE 128 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 153
TABLE 129 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 153
12 COMPETITIVE LANDSCAPE 154
12.1 OVERVIEW 154
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 154
TABLE 130 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS 154
12.2.1 PRODUCT PORTFOLIO 156
12.2.2 REGIONAL FOCUS 156
12.2.3 MANUFACTURING FOOTPRINT 156
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 156
12.3 MARKET SHARE ANALYSIS: TELECOM POWER SYSTEM MARKET, 2021 157
TABLE 131 TELECOM POWER SYSTEM MARKET: DEGREE OF COMPETITION, 2021 157
12.4 5-YEAR COMPANY REVENUE ANALYSIS 158
FIGURE 44 5-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN TELECOM POWER SYSTEM MARKET 158
12.5 COMPANY EVALUATION QUADRANT 158
12.5.1 STAR 158
12.5.2 EMERGING LEADER 158
12.5.3 PERVASIVE 159
12.5.4 PARTICIPANT 159
FIGURE 45 TELECOM POWER SYSTEM COMPANY EVALUATION QUADRANT, 2021 159
12.5.5 COMPANY FOOTPRINT 160
TABLE 132 OVERALL COMPANY FOOTPRINT 160
TABLE 133 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS POWER SOURCES 161
TABLE 134 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS COMPONENTS 162
TABLE 135 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS REGIONS 163
12.6 START-UP/SME EVALUATION MATRIX 164
TABLE 136 LIST OF START-UPS IN TELECOM POWER SYSTEM MARKET 164
12.6.1 PROGRESSIVE COMPANIES 165
12.6.2 RESPONSIVE COMPANIES 165
12.6.3 DYNAMIC COMPANIES 165
12.6.4 STARTING BLOCKS 165
FIGURE 46 TELECOM POWER SYSTEM MARKET, STARTUP/SME EVALUATION MATRIX, 2021 166
12.7 COMPETITIVE SITUATIONS AND TRENDS 167
12.7.1 PRODUCT LAUNCHES 167
TABLE 137 PRODUCT LAUNCHES, 2020–2022 167
12.7.2 DEALS 173
TABLE 138 DEALS, 2020–2022 173
 
13 COMPANY PROFILES 175
13.1 INTRODUCTION 175
(Business overview, Products/solutions/services offered, Recent developments & MnM View)*
13.2 KEY PLAYERS 175
13.2.1 EATON 175
TABLE 139 EATON: COMPANY SNAPSHOT 176
FIGURE 47 EATON: COMPANY SNAPSHOT 176
13.2.2 HUAWEI TECHNOLOGIES 182
TABLE 140 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 182
FIGURE 48 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 183
13.2.3 CUMMINS 188
TABLE 141 CUMMINS: COMPANY SNAPSHOT 188
FIGURE 49 CUMMINS: COMPANY SNAPSHOT 189
13.2.4 ZTE CORPORATION 192
TABLE 142 ZTE CORPORATION: COMPANY SNAPSHOT 192
FIGURE 50 ZTE CORPORATION: COMPANY SNAPSHOT 193
13.2.5 GENERAL ELECTRIC 197
TABLE 143 GENERAL ELECTRIC: COMPANY SNAPSHOT 197
FIGURE 51 GENERAL ELECTRIC: COMPANY SNAPSHOT 198
13.2.6 SCHNEIDER ELECTRIC 201
TABLE 144 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 201
FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 202
13.2.7 ALPHA TECHNOLOGIES 205
TABLE 145 ALPHA TECHNOLOGIES: COMPANY SNAPSHOT 205
13.2.8 DELTA ELECTRONICS 207
TABLE 146 DELTA ELECTRONICS: COMPANY SNAPSHOT 207
FIGURE 53 DELTA ELECTRONICS: COMPANY SNAPSHOT 208
13.2.9 ABB 210
TABLE 147 ABB: COMPANY SNAPSHOT 210
FIGURE 54 ABB: COMPANY SNAPSHOT 211
*Details on Business overview, Products/solutions/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.3 OTHER PLAYERS 214
13.3.1 ASCOT INDUSTRIAL 214
TABLE 148 ASCOT INDUSTRIAL: COMPANY SNAPSHOT 214
13.3.2 UNIPOWER 215
TABLE 149 UNIPOWER: COMPANY SNAPSHOT 215
13.3.3 DYNAMIC POWER GROUP 216
TABLE 150 DYNAMIC POWER GROUP: COMPANY SNAPSHOT 216
13.3.4 EFORE 217
TABLE 151 EFORE: COMPANY SNAPSHOT 217
13.3.5 HANGZHOU ZHONGHENG POWER ENERGY 217
TABLE 152 HANGZHOU ZHONHENG POWER ENERGY: COMPANY SNAPSHOT 217
13.3.6 MYERS POWER PRODUCTS 218
TABLE 153 MYERS POWER PRODUCTS: COMPANY SNAPSHOT 218
13.3.7 STATICON 219
TABLE 154 STATICON: COMPANY SNAPSHOT 219
13.3.8 VERTIV GROUP 220
TABLE 155 VERTIV GROUP: COMPANY SNAPSHOT 220
13.3.9 VOLTSERVER 221
TABLE 156 VOLTSERVER: COMPANY SNAPSHOT 221
13.3.10 JMA WIRELESS 221
TABLE 157 JMA WIRELESS: COMPANY SNAPSHOT 221
13.3.11 CORNING INCORPORATED 222
TABLE 158 CORNING INCORPORATED: COMPANY SNAPSHOT 222
14 APPENDIX 223
14.1 DISCUSSION GUIDE 223
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 226
14.3 AVAILABLE CUSTOMIZATION 228
14.4 RELATED REPORTS 228
14.5 AUTHOR DETAILS 229

Smart Lock Market with COVID-19 Impact by Lock Type (Deadbolt Locks, Lever Handles), Communication Protocol (Bluetooth, WiFi), Unlocking Mechanism (Ke...

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1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION AND SCOPE 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED 26
1.3.2 GEOGRAPHIC SCOPE 27
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY 27
1.5 MARKET STAKEHOLDERS 28
1.6 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 1 SMART LOCK MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of major secondary sources 30
2.1.1.2 Secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Primary Expert Interviews 31
2.1.2.2 Key data from primary sources 32
2.1.2.3 Key industry insights 32
2.1.2.4 Breakdown of primaries 33
2.1.3 SECONDARY AND PRIMARY RESEARCH 34
2.2 MARKET SIZE ESTIMATION 35
FIGURE 2 PROCESS FLOW 35
2.2.1 BOTTOM-UP APPROACH 35
2.2.1.1 Approach for calculating market share through bottom-up analysis (demand side) 35
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Approach for calculating market share through top-down analysis (supply side) 37
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 37
2.3 MARKET RANKING ESTIMATION 37
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 38
2.5 RESEARCH ASSUMPTIONS 39
3 EXECUTIVE SUMMARY 40
FIGURE 6 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 41
FIGURE 7 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 41
FIGURE 8 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 42
FIGURE 9 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 42
FIGURE 10 SMART LOCK MARKET IN APAC TO REGISTER HIGHEST CAGR BETWEEN
2022 AND 2027 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES IN SMART LOCK MARKET 44
FIGURE 11 RISING DEMAND FOR INTERNET-BASED SECURITY SOLUTIONS TO DRIVE GROWTH OF SMART LOCK MARKET 44
4.2 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 44
FIGURE 12 US AND RESIDENTIAL VERTICAL TO DOMINATE NORTH AMERICAN SMART LOCK MARKET DURING FORECAST PERIOD 44
4.3 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE 45
FIGURE 13 SMART LOCK MARKET FOR DEADBOLT LOCKS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 45
4.4 SMART LOCK MARKET, BY COUNTRY 45
FIGURE 14 CHINA TO ACCOUNT FOR HIGHEST GROWTH RATE IN GLOBAL SMART LOCK MARKET IN 2022 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 15 SMART LOCK MARKET DYNAMICS 46
FIGURE 16 DRIVERS AND THEIR IMPACT ON SMART LOCK MARKET 47
FIGURE 17 OPPORTUNITIES AND THEIR IMPACT ON SMART LOCK MARKET 48
FIGURE 18 RESTRAINTS & CHALLENGES AND THEIR IMPACT ON SMART LOCK MARKET 49
5.2.1 DRIVERS 49
5.2.1.1 Growing security concerns 49
5.2.1.2 Enhanced features compared with traditional lock systems 50
5.2.1.3 Rising adoption of smartphones and other connected devices 50
5.2.2 RESTRAINTS 50
5.2.2.1 High cost and perception of unreliability 50
5.2.2.2 Lack of awareness among customers 51
5.2.3 OPPORTUNITIES 51
5.2.3.1 Increasing adoption of IoT-based security systems 51
5.2.3.2 Rapid urbanization in emerging nations 51
5.2.3.3 Global proliferation of smart cities 52
5.2.4 CHALLENGES 52
5.2.4.1 Risk of cyberattacks through smart devices and IoT-enabled devices 52
5.3 VALUE CHAIN ANALYSIS 52
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY RAW MATERIAL SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS 53
5.4 SMART LOCK MARKET ECOSYSTEM 54
FIGURE 20 SMART LOCK MARKET ECOSYSTEM 54
6 SMART LOCK MARKET, BY LOCK TYPE 55
6.1 INTRODUCTION 56
FIGURE 21 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 56
TABLE 1 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (USD MILLION) 56
TABLE 2 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (USD MILLION) 57
TABLE 3 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (MILLION UNITS) 57
TABLE 4 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (MILLION UNITS) 58
6.2 DEADBOLT LOCKS 58
6.2.1 INCREASING DEPLOYMENT OF DEADBOLT LOCKS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 58
FIGURE 22 RESIDENTIAL VERTICAL TO HOLD LARGEST SHARE OF SMART LOCK MARKET FOR DEADBOLTS DURING FORECAST PERIOD 59
TABLE 5 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 59
TABLE 6 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 59
6.3 LEVER HANDLES 60
6.3.1 CONVENIENT STRUCTURE AND THEIR COMPLIANCE WITH US DISABILITIES ACT 1990 TO FUEL DEMAND FOR LEVER HANDLES 60
TABLE 7 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2018–2021 (USD MILLION) 60
TABLE 8 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2022–2027 (USD MILLION) 60
6.4 SERVER LOCKS AND LATCHES 61
6.4.1 RISING CONCERNS REGARDING CYBERATTACKS TO FUEL DEMAND FOR SERVER LOCKS AND LATCHES 61
TABLE 9 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2018–2021 (USD MILLION) 61
TABLE 10 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2022–2027 (USD MILLION) 61
6.5 KNOB LOCKS 62
6.5.1 GROWING USE OF KNOB LOCKS WITH DEADBOLTS ON EXTERIOR DOORS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 62
TABLE 11 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 62
TABLE 12 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 62
6.6 OTHERS 63
TABLE 13 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2018–2021 (USD MILLION) 63
TABLE 14 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2022–2027 (USD MILLION) 63
7 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL 64
7.1 INTRODUCTION 65
FIGURE 23 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 65
TABLE 15 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2018–2021 (USD MILLION) 65
TABLE 16 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2022–2027 (USD MILLION) 66
7.2 WI-FI 66
7.2.1 CONNECTIVITY BENEFITS OFFERED BY WI-FI TO DRIVE MARKET GROWTH 66
7.3 BLUETOOTH 67
7.3.1 WIDE RANGE, LOW POWER CONSUMPTION, AND HIGH RELIABILITY AND BANDWIDTH FEATURES TO FUEL MARKET GROWTH 67
7.4 Z-WAVE 67
7.4.1 GROWING POPULARITY OF RELIABILITY AND HIGH-SPEED FEATURES OF Z-WAVE TO DRIVE MARKET GROWTH 67
7.5 OTHERS 67
7.5.1 ZIGBEE 67
7.5.2 THREAD 67
7.5.3 NFC 67
8 SMART LOCK MARKET, BY UNLOCKING MECHANISM 68
8.1 INTRODUCTION 69
FIGURE 24 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 69
TABLE 17 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2018–2021 (USD MILLION) 69
TABLE 18 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2022–2027 (USD MILLION) 70
8.2 KEYPAD 70
8.2.1 INTEGRATION OF KEYPADS WITH ACCESS CONTROL SYSTEMS TO DRIVE MARKET GROWTH 70
8.3 CARD KEY 71
8.3.1 GROWING USE OF RADIO FREQUENCY IDENTIFICATION (RFID) MAGNETIC DOOR LOCKS IN COMMERCIAL OFFICE BUILDINGS TO DRIVE MARKET GROWTH 71
8.3.1.1 Low frequency 71
8.3.1.2 High frequency 71
8.3.1.3 Ultra-high frequency 71
 
8.4 TOUCH BASED 72
8.4.1 GROWING ADOPTION OF AUTOMATED FINGERPRINT IDENTIFICATION SYSTEMS (AFISS) TO FUEL DEMAND FOR FINGERPRINT RECOGNITION SOLUTIONS USED IN SMART LOCK MECHANISM 72
8.5 KEY FOBS 73
8.5.1 RISE IN REPLACEMENT OF OLD METAL KEY SYSTEMS WITH ELECTRONIC FOB SYSTEMS TO DRIVE MARKET GROWTH 73
8.6 SMARTPHONE BASED 73
8.6.1 GROWING ADOPTION OF SMART HOMES TO INCREASE DEMAND FOR SMARTPHONE-BASED DOOR LOCKING SYSTEMS 73
9 SMART LOCK MARKET, BY VERTICAL 74
9.1 INTRODUCTION 75
FIGURE 25 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 75
TABLE 19 SMART LOCK MARKET, BY VERTICAL, 2018–2021 (USD MILLION) 75
TABLE 20 SMART LOCK MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 76
9.2 COMMERCIAL 76
9.2.1 HOSPITALITY 76
9.2.1.1 Increasing adoption of smart locks in hotels, vacation rental properties, resorts, casinos, and cruise ships to boost market growth 76
9.2.2 RETAIL STORES AND MALLS 77
9.2.2.1 Retail stores and malls segment to witness healthy growth in smart lock market 77
9.2.3 HEALTHCARE 77
9.2.3.1 Growing use of smart locks in healthcare sector to ensure access only to authorized users to boost market growth 77
9.2.4 BANKS AND FINANCIAL CENTRES 77
9.2.4.1 Increasing trend of biometric and multifactor authentication in banking and financial institutions to drive market growth 77
9.2.5 ENTERPRISES AND DATA CENTRES 78
9.2.5.1 Rising demand for security smart cards and biometric access systems to prevent minor security risks in enterprises to drive market growth 78
TABLE 21 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2018–2021 (USD MILLION) 78
TABLE 22 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2022–2027 (USD MILLION) 78
TABLE 23 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 79
TABLE 24 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 79
TABLE 25 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 79
TABLE 26 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 27 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 80
TABLE 28 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 29 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 81
TABLE 30 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 81
TABLE 31 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2018–2021 (USD MILLION) 81
TABLE 32 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2022–2027 (USD MILLION) 82
TABLE 33 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 82
TABLE 34 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 82
9.3 RESIDENTIAL 83
9.3.1 CONDOMINIUM 83
9.3.1.1 Growing use of smart locks in condominiums or multi-family apartments to prevent invasion, unauthorized access, theft, and burglary to drive market growth 83
9.3.2 INDIVIDUAL HOUSES 83
9.3.2.1 Rising adoption of smart locks by individual house owners to ensure security and safety to drive market growth 83
FIGURE 26 CONDOMINIUM SEGMENT TO HOLD LARGER SHARE OF SMART LOCK MARKET FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 83
TABLE 35 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2018–2021 (USD MILLION) 84
TABLE 36 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2022–2027 (USD MILLION) 84
FIGURE 27 APAC TO REGISTER HIGHEST CAGR IN SMART LOCK FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 84
TABLE 37 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 85
TABLE 38 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 85
TABLE 39 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 85
TABLE 40 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 41 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 86
TABLE 42 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 43 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 87
TABLE 44 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 87
TABLE 45 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 87
TABLE 46 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 88
TABLE 47 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 88
TABLE 48 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 88
9.4 INSTITUTIONAL & GOVERNMENT 89
9.4.1 INCREASING DEMAND FOR SMART LOCKS IN GOVERNMENT VERTICAL TO RESTRICT UNAUTHORIZED ENTRIES TO DRIVE MARKET GROWTH 89
TABLE 49 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 89
TABLE 50 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 89
TABLE 51 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 52 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 90
TABLE 53 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 54 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 55 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 91
TABLE 56 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 57 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2018–2021 (USD MILLION) 92
TABLE 58 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2022–2027 (USD MILLION) 92
TABLE 59 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 92
TABLE 60 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 93
9.5 TRANSPORTATION & LOGISTICS 93
9.5.1 RISING ADOPTION OF BIOMETRICS-BASED ACCESS CONTROL USING SMART LOCKS BY AIRPORT OPERATORS TO DRIVE MARKET GROWTH 93
TABLE 61 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 93
TABLE 62 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 94
TABLE 63 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 94
TABLE 64 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 94
TABLE 65 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 66 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 95
TABLE 67 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 68 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 96
TABLE 69 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2018–2021 (USD MILLION) 96
TABLE 70 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2022–2027 (USD MILLION) 96
TABLE 71 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 97
TABLE 72 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 97
9.6 INDUSTRIAL 98
9.6.1 MANUFACTURING 98
9.6.1.1 Increased need for protecting people and properties across manufacturing sites to create growth opportunities for market players 98
9.6.2 OIL & GAS 98
9.6.2.1 Ability of smart locks to provide suitable and enhanced security to fuel their demand in oil & gas vertical 98
9.6.3 ENERGY & POWER 98
9.6.3.1 Rising demand for smart locks in energy and power vertical to prevent unauthorized access to drive market growth 98
TABLE 73 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2018–2021 (USD MILLION) 98
TABLE 74 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2022–2027 (USD MILLION) 99
TABLE 75 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 99
TABLE 76 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 99
TABLE 77 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 78 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 100
TABLE 79 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 80 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 81 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 101
TABLE 82 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 83 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 102
TABLE 84 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 102
TABLE 85 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 102
TABLE 86 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 103
10 SMART LOCK MARKET, BY REGION 104
10.1 INTRODUCTION 105
FIGURE 28 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 105
TABLE 87 SMART LOCK MARKET, BY REGION, 2018–2021 (USD MILLION) 105
TABLE 88 SMART LOCK MARKET, BY REGION, 2022–2027 (USD MILLION) 106
10.2 NORTH AMERICA 106
FIGURE 29 NORTH AMERICA MARKET SNAPSHOT 107
TABLE 89 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION) 107
TABLE 90 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION) 108
TABLE 91 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 108
TABLE 92 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 108
TABLE 93 SMART LOCK MARKET IN US, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 94 SMART LOCK MARKET IN US, BY VERTICAL, 2022–2027 (USD MILLION) 109
TABLE 95 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 96 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2022–2027 (USD MILLION) 110
TABLE 97 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2018–2021 (USD MILLION) 110
TABLE 98 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2022–2027 (USD MILLION) 110
10.2.1 US 111
10.2.1.1 US to hold largest share of North American smart lock market 111
10.2.2 CANADA 111
10.2.2.1 Growing awareness regarding internet-based safety and security to drive growth of smart lock market in Canada 111
10.2.3 MEXICO 111
10.2.3.1 Mexico to be lucrative market for smart locks 111
10.3 EUROPE 111
FIGURE 30 EUROPE MARKET SNAPSHOT 112
TABLE 99 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 112
TABLE 100 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 113
TABLE 101 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2018–2021 (USD MILLION) 113
TABLE 102 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2022–2027 (USD MILLION) 113
TABLE 103 SMART LOCK MARKET IN UK, BY VERTICAL, 2018–2021 (USD MILLION) 114
TABLE 104 SMART LOCK MARKET IN UK, BY VERTICAL, 2022–2027 (USD MILLION) 114
TABLE 105 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2018–2021 (USD MILLION) 114
TABLE 106 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2022–2027 (USD MILLION) 115
TABLE 107 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2018–2021 (USD MILLION) 115
TABLE 108 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2022–2027 (USD MILLION) 115
TABLE 109 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2018–2021 (USD MILLION) 116
TABLE 110 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2022–2027 (USD MILLION) 116
10.3.1 UK 116
10.3.1.1 Decline in cost of mobile broadband connection and increasing adoption of cloud infrastructure to boost demand for smart locks in UK 116
10.3.2 GERMANY 117
10.3.2.1 Growing adoption of internet-based security systems in various applications to drive market growth in Germany 117
10.3.3 FRANCE 117
10.3.3.1 Growing awareness regarding internet-based home security solutions and rising adoption of wireless portable consumer electronics to drive market growth in France 117
10.3.4 REST OF EUROPE 117
10.4 APAC 117
FIGURE 31 APAC MARKET SNAPSHOT 118
FIGURE 32 CHINA TO HOLD LARGEST SHARE OF APAC SMART LOCK MARKET DURING FORECAST PERIOD 119
TABLE 111 SMART LOCK MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 112 SMART LOCK MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 113 SMART LOCK MARKET IN APAC, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 114 SMART LOCK MARKET IN APAC, BY VERTICAL, 2022–2027 (USD MILLION) 120
TABLE 115 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 116 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 117 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2018–2021 (USD MILLION) 121
TABLE 118 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 119 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2018–2021 (USD MILLION) 122
TABLE 120 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2022–2027 (USD MILLION) 122
TABLE 121 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2018–2021 (USD MILLION) 122
TABLE 122 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2022–2027 (USD MILLION) 123
TABLE 123 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2018–2021 (USD MILLION) 123
TABLE 124 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2022–2027 (USD MILLION) 123
10.4.1 CHINA 124
10.4.1.1 Increasing industrialization to fuel demand for smart lock systems in China 124
10.4.2 JAPAN 124
10.4.2.1 Rapid industrialization and modernization to create lucrative opportunities for market players in Japan 124
10.4.3 SOUTH KOREA 124
10.4.3.1 Rising demand for remotely managed and connected security devices to drive market growth in South Korea 124
10.4.4 INDIA 125
10.4.4.1 Rise in terrorist activities, crime rate, and data and security breaches to fuel demand for security and safety systems 125
10.4.5 REST OF APAC 125
10.5 ROW 125
TABLE 125 SMART LOCK MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION) 125
TABLE 126 SMART LOCK MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION) 126
TABLE 127 SMART LOCK MARKET IN ROW, BY VERTICAL, 2018–2021 (USD MILLION) 126
TABLE 128 SMART LOCK MARKET IN ROW, BY VERTICAL, 2022–2027 (USD MILLION) 126
TABLE 129 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 130 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2022–2027 (USD MILLION) 127
TABLE 131 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 132 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 128
10.5.1 MIDDLE EAST & AFRICA 128
10.5.1.1 Rising urbanization and increased adoption of IoT-based solutions to boost market growth 128
10.5.2 SOUTH AMERICA 128
10.5.2.1 Growing industrialization to create lucrative opportunities for players in South American market 128
11 COMPETITIVE LANDSCAPE 129
11.1 OVERVIEW 129
11.2 MARKET EVALUATION FRAMEWORK 129
TABLE 133 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SMART LOCK PROVIDERS 129
11.2.1 PRODUCT PORTFOLIO 130
11.2.2 REGIONAL FOCUS 130
11.2.3 MANUFACTURING FOOTPRINT 130
11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 130
11.3 REVENUE ANALYSIS OF LEADING PLAYERS (2017–2021) 130
FIGURE 33 5-YEAR REVENUE ANALYSIS OF LEADING PLAYERS IN SMART LOCK MARKET 130
11.4 MARKET SHARE ANALYSIS: SMART LOCK MARKET, 2021 131
TABLE 134 DEGREE OF COMPETITION 131
11.5 COMPANY EVALUATION MATRIX 132
11.5.1 STAR 132
11.5.2 EMERGING LEADER 132
11.5.3 PERVASIVE 132
11.5.4 PARTICIPANT 132
FIGURE 34 COMPANY EVALUATION MATRIX, 2021 133
11.6 COMPETITIVE SITUATIONS AND TRENDS 134
11.6.1 PRODUCT LAUNCHES 134
TABLE 135 PRODUCT LAUNCHES, JANUARY 2020–NOVEMBER 2021 134
11.6.2 DEALS 135
TABLE 136 DEALS, JANUARY 2020–FEBRUARY 2022 135
12 COMPANY PROFILES 139
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION 139
12.2 KEY PLAYERS 139
12.2.1 ASSA ABLOY 139
TABLE 137 ASSA ABLOY: BUSINESS OVERVIEW 139
FIGURE 35 ASSA ABLOY: COMPANY SNAPSHOT 140
TABLE 138 ASSA ABLOY: PRODUCT/SOLUTION/SERVICE OFFERINGS 141
TABLE 139 ASSA ABLOY: DEALS 141
12.2.2 DORMAKABA 144
TABLE 140 DORMAKBA: BUSINESS OVERVIEW 144
FIGURE 36 DORMAKABA: COMPANY SNAPSHOT 145
TABLE 141 DORMAKABA: PRODUCT/SOLUTION/SERVICE OFFERINGS 145
TABLE 142 DORMAKABA: DEALS 146
TABLE 143 DORMAKABA: OTHERS 147
12.2.3 SPECTRUM BRANDS 148
TABLE 144 SPECTRUM BRANDS: BUSINESS OVERVIEW 148
FIGURE 37 SPECTRUM BRANDS: COMPANY SNAPSHOT 149
TABLE 145 SPECTRUM BRANDS: PRODUCT/SOLUTION/SERVICE OFFERINGS 149
TABLE 146 SPECTRUM BRANDS: PRODUCT LAUNCHES 150
12.2.4 SALTO SYSTEMS 152
TABLE 147 SALTO SYSTEMS: BUSINESS OVERVIEW 152
TABLE 148 SALTO SYSTEMS: PRODUCT/SOLUTION/SERVICE OFFERINGS 152
TABLE 149 SALTO SYSTEMS: PRODUCT LAUNCHES 153
TABLE 150 SALTO SYSTEMS: DEALS 153
TABLE 151 SALTO SYSTEMS: OTHERS 154
12.2.5 ALLEGION 155
TABLE 152 ALLEGION: BUSINESS OVERVIEW 155
FIGURE 38 ALLEGION: COMPANY SNAPSHOT 155
TABLE 153 ALLEGION: PRODUCT/SOLUTION/SERVICE OFFERINGS 156
TABLE 154 ALLEGION: PRODUCT LAUNCHES 156
TABLE 155 ALLEGION: DEALS 157
12.2.6 HONEYWELL 159
TABLE 156 HONEYWELL: BUSINESS OVERVIEW 159
FIGURE 39 HONEYWELL: COMPANY SNAPSHOT 160
TABLE 157 HONEYWELL: PRODUCT/SOLUTION/SERVICE OFFERINGS 160
12.2.7 DAHUA TECHNOLOGY 161
TABLE 158 DAHUA TECHNOLOGY: BUSINESS OVERVIEW 161
FIGURE 40 DAHUA TECHNOLOGY: COMPANY SNAPSHOT 162
TABLE 159 DAHUA TECHNOLOGY: PRODUCT/SOLUTION/SERVICE OFFERINGS 163
TABLE 160 DAHUA TECHNOLOGY: PRODUCT LAUNCHES 163
12.2.8 SAMSUNG 164
TABLE 161 SAMSUNG: BUSINESS OVERVIEW 164
FIGURE 41 SAMSUNG: COMPANY SNAPSHOT 165
TABLE 162 SAMSUNG: PRODUCT/SOLUTION/SERVICE OFFERINGS 165
TABLE 163 SAMSUNG: OTHERS 166
12.2.9 VIVINT 167
TABLE 164 VIVINT: BUSINESS OVERVIEW 167
FIGURE 42 VIVINT: COMPANY SNAPSHOT 167
TABLE 165 VIVINT: PRODUCT/SOLUTION/SERVICE OFFERINGS 168
TABLE 166 VIVINT: DEALS 168
12.2.10 ZKTECO 169
TABLE 167 ZKTECO: BUSINESS OVERVIEW 169
TABLE 168 ZKTECO: PRODUCT/SOLUTION/SERVICE OFFERINGS 169
TABLE 169 ZKTECO: DEALS 170
12.3 OTHER KEY PLAYERS 171
12.3.1 IGLOOCOMPANY 171
12.3.2 REMOTELOCK 172
12.3.3 ONITY 172
12.3.4 MASTER LOCK 173
12.3.5 MIWA LOCK 174
12.3.6 SENTRILOCK 175
12.3.7 AVENT SECURITY 175
12.3.8 HAVENLOCK 177
12.3.9 SHENZHEN VIANS ELECTRONIC LOCK 178
12.3.10 ANVIZ GLOBAL 178
12.3.11 CANDY HOUSE 179
12.3.12 AMADAS 179
12.3.13 KEYWE 180
12.3.14 GATE LABS 180
12.3.15 DESSMANN SCHLIESSANLAGEN 181
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
 
13 APPENDIX 182
13.1 DISCUSSION GUIDE 182
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 185
13.3 AVAILABLE CUSTOMIZATIONS 187
13.4 RELATED REPORTS 187
13.5 AUTHOR DETAILS 188