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Medical Sensors Market with COVID-19 Impact Analysis by Sensor Type (Pressure, Temperature, Blood Oxygen, Image, Flow Sensor), End-use Product, Medica...

Publisher:        MarketsandMarkets

# of Pages:        253

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Publication Date:  August, 2021

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1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 30
1.3 STUDY SCOPE 31
1.3.1 MARKETS COVERED 31
FIGURE 1 MEDICAL SENSORS MARKET SEGMENTATION 31
1.3.2 GEOGRAPHIC SCOPE 32
1.3.3 INCLUSIONS AND EXCLUSIONS 32
TABLE 1 MEDICAL SENSORS MARKET: INCLUSIONS AND EXCLUSIONS 32
1.3.4 YEARS CONSIDERED 33
1.4 CURRENCY 33
1.5 LIMITATIONS 33
1.6 SUMMARY OF CHANGES 34
1.7 STAKEHOLDERS 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 MEDICAL SENSORS MARKET: RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.1.1 List of major secondary sources 37
2.1.1.2 Key data from secondary sources 38
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary interviews with experts 38
2.1.2.2 List of key primary participants 39
2.1.2.3 Breakdown of primaries 39
2.1.2.4 Key data from primary sources 40
2.1.3 SECONDARY AND PRIMARY RESEARCH 41
2.1.3.1 Key industry insights 42
2.2 MARKET SIZE ESTIMATION 42
2.2.1 BOTTOM-UP APPROACH 42
2.2.1.1 Approach for estimating market size by bottom-up analysis
(demand side) 42
FIGURE 3 BOTTOM-UP APPROACH 43
2.2.2 TOP-DOWN APPROACH 43
2.2.2.1 Approach for estimating market size by top-down analysis
(supply side) 43
FIGURE 4 TOP-DOWN APPROACH 44
2.2.3 MEDICAL SENSORS MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS 45
2.2.4 MEDICAL SENSORS MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS 46
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 46
2.2.5 ASSUMPTIONS FOR GROWTH FORECAST 47
TABLE 2 ASSUMPTIONS 47
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 48
FIGURE 7 DATA TRIANGULATION 48
2.4 RESEARCH ASSUMPTIONS 49
2.5 RISK ASSESSMENT 50
TABLE 3 RISK ASSESSMENT : MEDICAL SENSORS MARKET 50
3 EXECUTIVE SUMMARY 51
3.1 POST-COVID-19: REALISTIC SCENARIO 51
3.2 POST-COVID-19: OPTIMISTIC SCENARIO 52
3.3 POST-COVID-19: PESSIMISTIC SCENARIO 52
FIGURE 8 PRE-AND POST-COVID-19 SCENARIO ANALYSIS FOR MEDICAL SENSORS MARKET, 2017–2026 (USD MILLION) 52
FIGURE 9 MEDICAL SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 53
FIGURE 10 FLOW SENSORS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 54
FIGURE 11 PATIENT MONITORING DEVICES TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 55
FIGURE 12 NONINVASIVE MEDICAL PROCEDURE TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 55
FIGURE 13 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET IN 2020 56
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MEDICAL SENSORS MARKET 57
FIGURE 14 INCREASING ADOPTION OF IOT-BASED MEDICAL DEVICES TO DRIVE GROWTH OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 57
4.2 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL PROCEDURE AND COUNTRY, 2020 58
FIGURE 15 NONINVASIVE MEDICAL PROCEDURE AND GERMANY HELD LARGEST SHARE OF MEDICAL SENSORS MARKET IN EUROPE IN 2020 58
4.3 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION 58
FIGURE 16 CLASS II MEDICAL DEVICES TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 58
4.4 MEDICAL SENSORS MARKET, BY END-USE PRODUCT 59
FIGURE 17 PATIENT MONITORING DEVICES TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 59
4.5 MEDICAL SENSORS MARKET, BY SENSOR TYPE 59
FIGURE 18 FLOW SENSORS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 59
 
4.6 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE 60
FIGURE 19 NONINVASIVE MEDICAL PROCEDURE TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 60
4.7 MEDICAL SENSORS MARKET, BY REGION 60
FIGURE 20 NORTH AMERICA TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 60
5 MARKET OVERVIEW 61
5.1 INTRODUCTION 61
5.2 MARKET DYNAMICS 61
FIGURE 21 MEDICAL SENSORS MARKET, DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES 61
5.2.1 DRIVERS 62
5.2.1.1 Increasing adoption of sensors in portable and
connected medical devices 62
5.2.1.2 Growing elderly population and increasing life expectancy 62
FIGURE 22 COMPARISON OF GLOBAL AND REGIONAL ELDERLY POPULATION AGED 60 YEARS AND ABOVE FOR 2017, 2030, AND 2050 63
5.2.1.3 Rising demand for wearable medical devices 63
5.2.1.4 Surging adoption of IoT-based medical devices 63
FIGURE 23 SHIPMENT DATA FOR IOT-BASED MEDICAL DEVICES, 2015–2020 64
5.2.1.5 Burgeoning expenditure on healthcare 64
FIGURE 24 HEALTHCARE EXPENDITURE AS A PERCENTAGE OF GDP FOR
1995, 2005, 2014, AND 2024 65
5.2.1.6 Accelerating demand for ventilators due to COVID–19 65
FIGURE 25 IMPACT ANALYSIS OF DRIVERS FOR MEDICAL SENSORS MARKET 66
5.2.2 RESTRAINTS 66
5.2.2.1 Low penetration of medical devices in developing countries 66
5.2.2.2 Complexity in designing compatible medical sensors 67
FIGURE 26 IMPACT ANALYSIS OF RESTRAINTS FOR MEDICAL SENSORS MARKET 67
5.2.3 OPPORTUNITIES 67
5.2.3.1 Advancements in sensors and digital technologies 67
5.2.3.2 Growth outlook of healthcare industry 68
5.2.3.3 Collaborations among key market players to develop
healthcare solutions 68
5.2.3.4 Increased adoption of surgical robots 68
FIGURE 27 IMPACT ANALYSIS OF OPPORTUNITIES FOR MEDICAL SENSORS MARKET 69
5.2.4 CHALLENGES 69
5.2.4.1 Stringent regulatory environment and requirement of
product approvals 69
5.2.4.2 Data leakages associated with connected medical devices 70
FIGURE 28 IMPACT ANALYSIS OF CHALLENGES FOR MEDICAL SENSORS MARKET 70
 
6 INDUSTRY TRENDS 71
6.1 INTRODUCTION 71
6.2 VALUE CHAIN ANALYSIS 71
FIGURE 29 MEDICAL SENSORS MARKET: VALUE CHAIN ANALYSIS 72
TABLE 4 MEDICAL SENSORS MARKET: SUPPLY CHAIN ANALYSIS 73
6.3 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS 74
FIGURE 30 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE (USD), 2017–2026 74
TABLE 5 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE, 2017–2020 (USD) 74
TABLE 6 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE, 2021–2026 (USD) 75
TABLE 7 MEDICAL SENSORS MARKET: AVERAGE SELLING PRICE (ASP) OF IMAGE SENSORS FOR IMAGING DEVICES, 2020 VS. 2026 75
6.4 LIST OF KEY PATENTS AND INNOVATIONS 76
FIGURE 31 NUMBER OF PATENTS FOR MEDICAL SENSORS, 2010–2020 76
FIGURE 32 APPLICANT-WISE ANALYSIS OF PATENTS FILED BY PLAYERS FOR MEDICAL SENSORS, 2018–2021 76
FIGURE 33 REGION-WISE ANALYSIS OF PATENTS FILED BY APPLICANTS FOR MEDICAL SENSORS, 2018–2021 77
TABLE 8 TOP 20 PATENT OWNERS FOR MEDICAL SENSORS, 2010-2020 77
TABLE 9 KEY PATENTS AND INNOVATIONS IN MEDICAL SENSORS MARKET,
2018–2021 78
6.5 KEY TECHNOLOGY TRENDS 79
6.5.1 SURGICAL ROBOTS 79
6.5.2 IOT-BASED MEDICAL DEVICES 79
6.5.3 AI-BASED MEDICAL DEVICES 80
6.6 PORTER’S FIVE FORCES ANALYSIS 80
FIGURE 34 MEDICAL SENSORS MARKET: INTENSITY OF COMPETITIVE RIVALRY IS HIGH 80
FIGURE 35 IMPACT OF PORTER’S FIVE FORCES ON MEDICAL SENSORS MARKET 81
TABLE 10 MEDICAL SENSORS MARKET: PORTER’S FIVE FORCES ANALYSIS 81
6.6.1 THREAT OF NEW ENTRANTS 81
6.6.2 THREAT OF SUBSTITUTES 81
6.6.3 BARGAINING POWER OF SUPPLIERS 82
6.6.4 BARGAINING POWER OF BUYERS 82
6.6.5 INTENSITY OF COMPETITIVE RIVALRY 82
6.7 CASE STUDIES 83
6.7.1 POCKET-SIZED CPR DEVICE 83
TABLE 11 ZOLL MEDICAL DEVELOPED PALM-SIZED CPR DEVICE USING MOTION SENSORS BY ANALOG DEVICES 83
6.7.2 TEMPERATURE SENSORS FOR MEDICAL USE 83
TABLE 12 PEAK SENSORS OFFERED ERROR-FREE TEMPERATURE SENSORS TO AN INTERNATIONAL MEDICAL COMPANY 83
6.7.3 OPTICAL SENSOR FOR MEDICAL MONITORING 84
TABLE 13 PROMET OPTICS DEVELOPED A FLEXIBLE OPTICAL SENSING SOLUTION FOR AN INTERNATIONAL MEDICAL DEVICES CORPORATION 84
6.8 TRADE DATA 84
TABLE 14 EXPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS UNDER HS CODE: 9022, 2016–2020 (USD MILLION) 84
FIGURE 36 EXPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS FOR MAJOR COUNTRIES, 2016–2020 (USD MILLION) 85
TABLE 15 IMPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS UNDER HS CODE: 9022, 2016–2020 (USD MILLION) 85
FIGURE 37 IMPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS FOR MAJOR COUNTRIES, 2016–2020 (USD MILLION) 86
TABLE 16 EXPORTS DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS UNDER HS CODE: 901813, 2015–2019 (USD MILLION) 86
FIGURE 38 EXPORTS DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS FOR MAJOR COUNTRIES, 2015–2019 (USD MILLION 87
TABLE 17 IMPORTS DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS UNDER HS CODE: 901813, 2015–2019 (USD MILLION) 87
FIGURE 39 IMPORT DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS FOR MAJOR COUNTRIES, 2015–2019 88
6.9 REGULATORY ENVIRONMENT 88
6.9.1 INDIA 88
6.9.2 US 89
6.10 MEDICAL SENSORS MARKET ECOSYSTEM 89
FIGURE 40 ECOSYSTEM OF MEDICAL SENSORS MARKET 89
6.11 TRENDS /DISRUPTIONS IMPACTING BUSINESSES OF CUSTOMERS 90
FIGURE 41 REVENUE SHIFT FOR MEDICAL SENSORS MARKET 90
7 MEDICAL SENSORS MARKET, BY SENSOR TYPE 91
7.1 INTRODUCTION 92
TABLE 18 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2017–2020 (USD MILLION) 92
FIGURE 42 FLOW SENSORS TO ACCOUNT FOR LARGEST OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 93
TABLE 19 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2021–2026 (USD MILLION) 94
TABLE 20 MEDICAL SENSORS MARKET, BY SENSOR TYPE,
2017–2020 (MILLION UNITS) 95
TABLE 21 MEDICAL SENSORS MARKET, BY SENSOR TYPE,
2021–2026 (MILLION UNITS) 95
7.2 TEMPERATURE SENSORS 96
7.2.1 INCREASED ADOPTION OF TEMPERATURE SENSORS FOR IMAGING DEVICES, PATIENT MONITORING DEVICES, AND MEDICAL IMPLANTABLE DEVICES IS DRIVING THIS SEGMENT 96
TABLE 22 TEMPERATURE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 96
TABLE 23 TEMPERATURE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 97
7.3 PRESSURE SENSORS 97
7.3.1 ADVANCED PRESSURE SENSING TECHNOLOGIES USED IN MEDICAL DEVICES ENHANCE PATIENT CARE AND REDUCE COSTS 97
TABLE 24 PRESSURE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 98
TABLE 25 PRESSURE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 98
7.4 BLOOD GLUCOSE SENSORS 98
7.4.1 INCREASING NUMBER OF PEOPLE HAVING DIABETES, HEART-RELATED DISEASES, AND KIDNEY PROBLEMS IS DRIVING GROWTH OF BLOOD GLUCOSE SENSORS 98
TABLE 26 BLOOD GLUCOSE SENSORS MARKET, BY REGION,
2017–2020 (USD MILLION) 99
FIGURE 43 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF BLOOD GLUCOSE SENSORS MARKET DURING FORECAST PERIOD 99
TABLE 27 BLOOD GLUCOSE SENSORS MARKET, BY REGION,
2021–2026 (USD MILLION) 100
7.5 BLOOD OXYGEN SENSORS 100
7.5.1 INCREASING DEMAND FOR PULSE OXIMETERS, RESPIRATORY
DEVICES, AND ANESTHESIA MONITORS IS EXPECTED TO DRIVE BLOOD OXYGEN SENSORS MARKET 100
TABLE 28 BLOOD OXYGEN SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 101
TABLE 29 BLOOD OXYGEN SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 101
7.6 ELECTROCARDIOGRAM (ECG) SENSORS 102
7.6.1 DEVELOPMENT OF ADVANCED PRODUCTS FOR MONITORING CARDIAC ACTIVITY IS DRIVING ECG SENSORS MARKET 102
TABLE 30 ECG SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 102
TABLE 31 ECG SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 102
7.7 IMAGE SENSORS 103
7.7.1 INCREASING DEMAND FOR IMAGING DEVICES IS DRIVING GROWTH OF IMAGE SENSORS MARKET 103
TABLE 32 IMAGE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 103
FIGURE 44 IMAGE SENSORS MARKET IN ROW TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 104
TABLE 33 IMAGE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 104
7.8 MOTION SENSORS 105
7.8.1 INCREASED ADOPTION OF MEMS SENSORS FOR SURGICAL NAVIGATION SYSTEMS IS DRIVING GROWTH OF MOTION SENSORS 105
TABLE 34 MOTION SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 105
TABLE 35 MOTION SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 105
7.9 HEART RATE SENSORS 106
7.9.1 RISING ADOPTION OF HEART RATE SENSORS IN PERSONAL ACTIVITY MONITORS WOULD DRIVE HEART RATE SENSORS MARKET 106
TABLE 36 HEART RATE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 106
TABLE 37 HEART RATE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 106
7.10 FLOW SENSORS 107
7.10.1 SURGING DEMAND FOR VENTILATORS AND RESPIRATORY DEVICES DUE TO COVID–19 HAS BOOSTED GROWTH OF FLOW SENSORS MARKET 107
TABLE 38 FLOW SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 107
TABLE 39 FLOW SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 107
TABLE 40 FLOW SENSORS MARKET, BY SENSOR TYPE, 2017–2020 (USD MILLION) 108
FIGURE 45 VENTILATOR SENSORS TO ACCOUNT FOR LARGEST SHARE OF FLOW SENSORS MARKET DURING FORECAST PERIOD 108
TABLE 41 FLOW SENSORS MARKET, BY SENSOR TYPE, 2021–2026 (USD MILLION) 108
TABLE 42 VENTILATOR SENSORS MARKET, BY SENSOR TYPE,
2017–2020 (USD MILLION) 109
TABLE 43 VENTILATOR SENSORS MARKET, BY SENSOR TYPE,
2021–2026 (USD MILLION) 109
7.11 INGESTIBLE SENSORS 109
7.11.1 EMERGENCE OF ADVANCED DIAGNOSTIC IMAGING TECHNOLOGIES IS DRIVING GROWTH OF INGESTIBLE SENSORS 109
TABLE 44 INGESTIBLE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 110
TABLE 45 INGESTIBLE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 110
7.12 TOUCH SENSORS 110
7.12.1 RISING DEMAND FOR DEVICES EQUIPPED WITH TOUCHSCREEN TECHNOLOGY IS DRIVING TOUCH SENSORS MARKET 110
TABLE 46 TOUCH SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 111
TABLE 47 TOUCH SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 111
7.13 PIEZO FILM SENSORS 111
7.13.1 RISING NUMBER OF SLEEP APNEA CASES IS EXPECTED TO DRIVE
PIEZO FILM SENSORS MARKET 111
TABLE 48 PIEZO FILM SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 112
TABLE 49 PIEZO FILM SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 112
7.14 POSITION SENSORS 112
7.14.1 RISING DEMAND FOR IMAGING DEVICES IS EXPECTED TO BOOST POSITION SENSORS MARKET 112
TABLE 50 POSITION SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 113
FIGURE 46 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF POSITION SENSORS MARKET DURING FORECAST PERIOD 113
TABLE 51 POSITION SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 114
8 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE 115
8.1 INTRODUCTION 116
TABLE 52 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE,
2017–2020 (USD MILLION) 116
FIGURE 47 MEDICAL SENSORS MARKET FOR NONINVASIVE PROCEDURE TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 116
TABLE 53 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE,
2021–2026 (USD MILLION) 116
8.2 NONINVASIVE MEDICAL PROCEDURES 117
8.2.1 INCREASING AWARENESS ABOUT AND ADOPTION OF ADVANCED PATIENT MONITORING DEVICES ARE EXPECTED TO DRIVE THE GROWTH OF MEDICAL SENSORS MARKET FOR NONINVASIVE PROCEDURES 117
TABLE 54 MEDICAL SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES,
BY REGION, 2017–2020 (USD MILLION) 117
FIGURE 48 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL
SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES DURING FORECAST PERIOD 118
TABLE 55 MEDICAL SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES,
BY REGION, 2021–2026 (USD MILLION) 118
8.3 MINIMALLY INVASIVE MEDICAL PROCEDURES 119
8.3.1 INCREASING EXPENDITURE ON HEALTHCARE IS EXPECTED TO DRIVE MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE PROCEDURES 119
TABLE 56 MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES, BY REGION, 2017–2020 (USD MILLION) 119
FIGURE 49 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES DURING FORECAST PERIOD 119
TABLE 57 MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES, BY REGION, 2021–2026 (USD MILLION) 120
8.4 INVASIVE MEDICAL PROCEDURES 120
8.4.1 INCREASED ADOPTION OF IMPLANTABLE DEVICES AND ADVENT OF
IOMT ARE EXPECTED TO BOOST MEDICAL SENSORS MARKET FOR
INVASIVE PROCEDURES 120
TABLE 58 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES,
BY REGION, 2017–2020 (USD MILLION) 120
FIGURE 50 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES TO REGISTER HIGHEST GROWTH IN APAC DURING FORECAST PERIOD 121
TABLE 59 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES,
BY REGION, 2021–2026 (USD MILLION) 121
9 MEDICAL SENSORS MARKET, BY END-USE PRODUCT 122
9.1 INTRODUCTION 123
TABLE 60 MEDICAL SENSORS MARKET, BY END-USE PRODUCT,
2017–2020 (USD MILLION) 123
FIGURE 51 PATIENT MONITORING DEVICES TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 123
TABLE 61 MEDICAL SENSORS MARKET, BY END-USE PRODUCT,
2021–2026 (USD MILLION) 124
9.2 DIAGNOSTIC IMAGING DEVICES 124
9.2.1 RISING DEMAND FOR IMPROVED DIAGNOSIS IS EXPECTED TO DRIVE MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES 124
TABLE 62 MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES,
BY REGION, 2017–2020 (USD MILLION) 125
TABLE 63 MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES,
BY REGION, 2021–2026 (USD MILLION) 125
9.3 PATIENT MONITORING DEVICES 126
9.3.1 INCREASING DEMAND FOR PORTABLE MEDICAL DEVICES TO BOOST MARKET GROWTH FOR PATIENT MONITORING DEVICES 126
TABLE 64 MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES,
BY REGION, 2017–2020 (USD MILLION) 126
FIGURE 52 AMERICAS TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES DURING FORECAST PERIOD 127
TABLE 65 MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES,
BY REGION, 2021–2026 (USD MILLION) 127
 
9.4 MEDICAL IMPLANTABLE DEVICES 128
9.4.1 INCREASING CASES OF CARDIAC AND NEUROLOGICAL DISORDERS ARE EXPECTED TO DRIVE MEDICAL SENSORS MARKET FOR MEDICAL IMPLANTABLE DEVICES 128
TABLE 66 MEDICAL SENSORS MARKET FOR IMPLANTABLE DEVICES, BY REGION, 2017–2020 (USD MILLION) 128
TABLE 67 MEDICAL SENSORS MARKET FOR IMPLANTABLE DEVICES, BY REGION, 2021–2026 (USD MILLION) 129
9.5 OTHERS 129
9.5.1 SURGE IN DEMAND FOR VENTILATORS IS EXPECTED TO DRIVE GROWTH OF OTHERS SEGMENT 129
TABLE 68 MEDICAL SENSORS MARKET FOR OTHER END-USE PRODUCTS, BY REGION, 2017–2020 (USD MILLION) 130
FIGURE 53 MEDICAL SENSORS MARKET FOR OTHERS SEGMENT TO REGISTER HIGHEST GROWTH IN APAC DURING FORECAST PERIOD 130
TABLE 69 MEDICAL SENSORS MARKET FOR OTHER END-USE PRODUCTS, BY REGION, 2021–2026 (USD MILLION) 131
10 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION 132
10.1 INTRODUCTION 133
TABLE 70 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION,
2017–2020 (USD MILLION) 133
FIGURE 54 MEDICAL SENSORS MARKET FOR CLASS II DEVICES TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 133
TABLE 71 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION,
2021–2026 (USD MILLION) 134
TABLE 72 DISTRIBUTION OF SENSORS IN CLASS I, CLASS II, AND CLASS III MEDICAL DEVICES ACCORDING TO FDA GUIDELINES FOR CLASSIFICATION OF MEDICAL DEVICES 134
10.2 CLASS I 135
10.3 CLASS II 135
10.4 CLASS III 135
11 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY 136
11.1 INTRODUCTION 137
TABLE 73 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY,
2017–2020 (USD MILLION) 137
FIGURE 55 HOSPITALS & CLINICS SEGMENT TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 137
TABLE 74 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY,
2021–2026 (USD MILLION) 138
11.2 HOSPITALS & CLINICS 138
11.2.1 NEED TO INTEGRATE DEVICES WITH INFORMATION SYSTEMS AND HANDLE LARGE AMOUNTS OF PATIENT DATA HAS INCREASED ADOPTION OF MEDICAL SENSORS IN HOSPITALS & CLINICS 138
TABLE 75 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS, BY REGION,
2017–2020 (USD MILLION) 138
FIGURE 56 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS TO REGISTER HIGHEST CAGR IN APAC DURING FORECAST PERIOD 139
TABLE 76 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS, BY REGION,
2021–2026 (USD MILLION) 139
11.3 NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS 140
11.3.1 RISING NUMBER OF PEOPLE SUFFERING FROM CHRONIC
DISEASES IS EXPECTED TO ENHANCE ADOPTION OF MEDICAL SENSORS IN THESE FACILITIES 140
TABLE 77 MEDICAL SENSORS MARKET FOR NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS,
BY REGION, 2017–2020 (USD MILLION) 140
FIGURE 57 AMERICAS TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET FOR NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE FACILITIES, AND HOME CARE SETTINGS DURING FORECAST PERIOD 141
TABLE 78 MEDICAL SENSORS MARKET FOR NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS,
BY REGION, 2021–2026 (USD MILLION) 141
11.4 OTHERS 142
11.4.1 RISING NUMBER OF PRIVATE IMAGING CENTERS IS EXPECTED TO DRIVE GROWTH OF OTHERS SEGMENT 142
TABLE 79 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES, BY REGION, 2017–2020 (USD MILLION) 142
FIGURE 58 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES TO REGISTER HIGHEST CAGR IN APAC DURING FORECAST PERIOD 143
TABLE 80 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES, BY REGION, 2021–2026 (USD MILLION) 143
12 GEOGRAPHIC ANALYSIS 144
12.1 INTRODUCTION 145
FIGURE 59 MEDICAL SENSORS MARKET IN ARGENTINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 145
TABLE 81 MEDICAL SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 146
TABLE 82 MEDICAL SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 146
12.2 AMERICAS 146
TABLE 83 MEDICAL SENSORS MARKET IN AMERICAS, BY REGION,
2017–2020 (USD MILLION) 147
TABLE 84 MEDICAL SENSORS MARKET IN AMERICAS, BY REGION,
2021–2026 (USD MILLION) 147
TABLE 85 MEDICAL SENSORS MARKET IN AMERICAS, BY SENSOR TYPE,
2017–2020 (USD MILLION) 147
TABLE 86 MEDICAL SENSORS MARKET IN AMERICAS, BY SENSOR TYPE,
2021–2026 (USD MILLION) 148
TABLE 87 MEDICAL SENSORS MARKET IN AMERICAS, BY END-USE PRODUCT,
2017–2020 (USD MILLION) 148
TABLE 88 MEDICAL SENSORS MARKET IN AMERICAS, BY END-USE PRODUCT,
2021–2026 (USD MILLION) 149
TABLE 89 MEDICAL SENSORS MARKET IN AMERICAS, BY MEDICAL FACILITY,
2017–2020 (USD MILLION) 149
TABLE 90 MEDICAL SENSORS MARKET IN AMERICAS, BY MEDICAL FACILITY,
2021–2026 (USD MILLION) 150
12.2.1 IMPACT OF COVID–19 ON MEDICAL SENSORS MARKET IN AMERICAS 150
12.2.2 NORTH AMERICA 150
FIGURE 60 SNAPSHOT OF MEDICAL SENSORS MARKET IN NORTH AMERICA 151
TABLE 91 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD MILLION) 151
TABLE 92 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION) 152
TABLE 93 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY END-USE PRODUCT, 2017–2020 (USD MILLION) 152
TABLE 94 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY END-USE PRODUCT, 2021–2026 (USD MILLION) 152
TABLE 95 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY MEDICAL FACILITY, 2017–2020 (USD MILLION) 153
TABLE 96 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY MEDICAL FACILITY, 2021–2026 (USD MILLION) 153
12.2.2.1 US 153
12.2.2.1.1 Growing elderly population and rising adoption of advanced medical devices to drive market growth in US 153
12.2.2.2 Canada 154
12.2.2.2.1 Imports account for significant share of medical sensors market in Canada 154
12.2.2.3 Mexico 154
12.2.2.3.1 Government initiatives related to healthcare are expected to drive market growth in Mexico 154
12.2.3 SOUTH AMERICA 154
FIGURE 61 SNAPSHOT OF MEDICAL SENSORS MARKET IN SOUTH AMERICA 155
TABLE 97 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY COUNTRY,
2017–2020 (USD MILLION) 155
TABLE 98 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION) 156
TABLE 99 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY END-USE PRODUCT, 2017–2020 (USD MILLION) 156
TABLE 100 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY END-USE PRODUCT, 2021–2026 (USD MILLION) 157
TABLE 101 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY MEDICAL FACILITY, 2017–2020 (USD MILLION) 157
TABLE 102 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY MEDICAL FACILITY, 2021–2026 (USD MILLION) 157
12.2.3.1 Brazil 158
12.2.3.1.1 Healthcare initiatives are driving market growth in Brazil 158
12.2.3.2 Argentina 158
12.2.3.2.1 Increased in healthcare expenditure to drive market growth in Argentina 158
12.2.3.3 Rest of South America 158
 
12.3 EUROPE 158
FIGURE 62 SNAPSHOT OF MEDICAL SENSORS MARKET IN EUROPE 159
TABLE 103 MEDICAL SENSORS MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD MILLION) 160
TABLE 104 MEDICAL SENSORS MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD MILLION) 160
TABLE 105 MEDICAL SENSORS MARKET IN EUROPE, BY SENSOR TYPE,
2017–2020 (USD MILLION) 161
TABLE 106 MEDICAL SENSORS MARKET IN EUROPE, BY SENSOR TYPE,
2021–2026 (USD MILLION) 161
TABLE 107 MEDICAL SENSORS MARKET IN EUROPE, BY END-USE PRODUCT,
2017–2020 (USD MILLION) 162
TABLE 108 MEDICAL SENSORS MARKET IN EUROPE, BY END-USE PRODUCT,
2021–2026 (USD MILLION) 162
TABLE 109 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL FACILITY,
2017–2020 (USD MILLION) 162
TABLE 110 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL FACILITY,
2021–2026 (USD MILLION) 163
12.3.1 IMPACT OF COVID–19 ON MEDICAL SENSORS MARKET IN EUROPE 163
12.3.2 GERMANY 163
12.3.2.1 Digitization, improved connectivity, and healthcare funding are driving market growth in Germany 163
12.3.3 UK 164
12.3.3.1 Increasing per capita expenditure on healthcare is expected to boost market growth in UK 164
12.3.4 FRANCE 164
12.3.4.1 Growing expenditure on healthcare is expected to drive market growth in France 164
12.3.5 ITALY 164
12.3.5.1 Presence of several local manufacturers is expected to boost market growth in Italy 164
12.3.6 SPAIN 164
12.3.6.1 Presence of small and medium-sized companies is expected to propel market growth in Spain 164
12.3.7 REST OF EUROPE 165
12.4 ASIA PACIFIC 165
FIGURE 63 SNAPSHOT OF MEDICAL SENSORS MARKET IN APAC 166
TABLE 111 MEDICAL SENSORS MARKET IN APAC, BY COUNTRY,
2017–2020 (USD MILLION) 166
TABLE 112 MEDICAL SENSORS MARKET IN APAC, BY COUNTRY,
2021–2026 (USD MILLION) 167
TABLE 113 MEDICAL SENSORS MARKET IN APAC, BY SENSOR TYPE,
2017–2020 (USD MILLION) 167
TABLE 114 MEDICAL SENSORS MARKET IN APAC, BY SENSOR TYPE,
2021–2026 (USD MILLION) 168
TABLE 115 MEDICAL SENSORS MARKET IN APAC, BY END-USE PRODUCT,
2017–2020 (USD MILLION) 168
TABLE 116 MEDICAL SENSORS MARKET IN APAC, BY END-USE PRODUCT,
2021–2026 (USD MILLION) 169
TABLE 117 MEDICAL SENSORS MARKET IN APAC, BY MEDICAL FACILITY,
2017–2020 (USD MILLION) 169
TABLE 118 MEDICAL SENSORS MARKET IN APAC, BY MEDICAL FACILITY,
2021–2026 (USD MILLION) 169
12.4.1 IMPACT OF COVID–19 ON MEDICAL SENSORS MARKET IN APAC 170
12.4.2 CHINA 170
12.4.2.1 Surging adoption of advanced technologies in healthcare is expected to drive market growth in China 170
12.4.3 JAPAN 170
12.4.3.1 Rapidly growing elderly population is expected to boost
market growth in Japan 170
12.4.4 SOUTH KOREA 171
12.4.4.1 Imports are estimated to account for largest market share
in South Korea 171
12.4.5 INDIA 171
12.4.5.1 Growth in medical tourism is expected to drive market in India 171
12.4.6 REST OF APAC 171
12.5 REST OF THE WORLD (ROW) 172
TABLE 119 MEDICAL SENSORS MARKET IN ROW, BY REGION,
2017–2020 (USD MILLION) 172
TABLE 120 MEDICAL SENSORS MARKET IN ROW, BY REGION,
2021–2026 (USD MILLION) 172
TABLE 121 MEDICAL SENSORS MARKET IN ROW, BY SENSOR TYPE,
2017–2020 (USD MILLION) 173
TABLE 122 MEDICAL SENSORS MARKET IN ROW, BY SENSOR TYPE,
2021–2026 (USD MILLION) 173
TABLE 123 MEDICAL SENSORS MARKET IN ROW, BY END-USE PRODUCT,
2017–2020 (USD MILLION) 174
TABLE 124 MEDICAL SENSORS MARKET IN ROW, BY END-USE PRODUCT,
2021–2026 (USD MILLION) 174
TABLE 125 MEDICAL SENSORS MARKET IN ROW, BY MEDICAL FACILITY,
2017–2020 (USD MILLION) 174
TABLE 126 MEDICAL SENSORS MARKET IN ROW, BY MEDICAL FACILITY,
2021–2026 (USD MILLION) 175
12.5.1 MIDDLE EAST 175
12.5.1.1 Focus on improving medical infrastructure is expected to propel market growth in Middle East 175
12.5.2 AFRICA 175
12.5.2.1 Increased focus on improving healthcare sector is expected to drive market growth in Africa 175
 
13 COMPETITIVE LANDSCAPE 176
13.1 INTRODUCTION 176
FIGURE 64 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH
STRATEGY FROM 2017–2020 177
13.2 MARKET SHARE ANALYSIS 178
TABLE 127 MARKET SHARE ANALYSIS OF KEY COMPANIES IN MEDICAL SENSORS MARKET, 2020 178
13.3 MARKET EVALUATION FRAMEWORK 180
FIGURE 65 MEDICAL SENSORS MARKET EVALUATION FRAMEWORK 180
13.4 HISTORICAL REVENUE ANALYSIS, 2016–2020 181
FIGURE 66 HISTORICAL REVENUE ANALYSIS OF MAJOR COMPANIES IN MEDICAL SENSORS MARKET, 2016–2020 (USD BILLION) 181
13.5 COMPANY EVALUATION QUADRANT 181
13.5.1 STAR 181
13.5.2 EMERGING LEADER 181
13.5.3 PERVASIVE 181
13.5.4 PARTICIPANT 182
FIGURE 67 MEDICAL SENSORS MARKET (GLOBAL):
COMPANY EVALUATION MATRIX, 2020 182
13.6 STARTUP/SME EVALUATION MATRIX 183
13.6.1 PROGRESSIVE COMPANY 183
13.6.2 RESPONSIVE COMPANY 183
13.6.3 DYNAMIC COMPANY 183
13.6.4 STARTING BLOCK 183
FIGURE 68 MEDICAL SENSORS MARKET (GLOBAL):
STARTUP/SME EVALUATION MATRIX, 2020 184
TABLE 128 COMPANY PRODUCT FOOTPRINT 185
TABLE 129 COMPANY APPLICATION FOOTPRINT 186
TABLE 130 COMPANY END-USE PRODUCT FOOTPRINT 187
TABLE 131 COMPANY REGION FOOTPRINT 188
13.7 COMPETITIVE SCENARIO 189
13.7.1 PRODUCT LAUNCHES AND DEVELOPMENTS 189
TABLE 132 MEDICAL SENSORS MARKET: PRODUCT LAUNCHES AND
DEVELOPMENTS, 2017–2021 189
13.7.2 DEALS 196
TABLE 133 MEDICAL SENSORS MARKET: DEALS (PARTNERSHIPS, AGREEMENTS, COLLABORATIONS, AND MERGERS & ACQUISITIONS), 2017–2021 196
 
14 COMPANY PROFILES 201
14.1 INTRODUCTION 201
14.2 KEY PLAYERS 201
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
14.2.1 TEXAS INSTRUMENTS 201
TABLE 134 TEXAS INSTRUMENTS: COMPANY OVERVIEW 201
FIGURE 69 TEXAS INSTRUMENTS: COMPANY SNAPSHOT 202
TABLE 135 TEXAS INSTRUMENTS: PRODUCT LAUNCHES 204
14.2.2 TE CONNECTIVITY 206
TABLE 136 TE CONNECTIVITY: COMPANY OVERVIEW 206
FIGURE 70 TE CONNECTIVITY: COMPANY SNAPSHOT 207
TABLE 137 TE CONNECTIVITY: PRODUCT LAUNCHES 209
TABLE 138 TE CONNECTIVITY: DEALS 209
14.2.3 MEDTRONIC 211
TABLE 139 MEDTRONIC: COMPANY OVERVIEW 211
FIGURE 71 MEDTRONIC: COMPANY SNAPSHOT 212
TABLE 140 MEDTRONIC: PRODUCT LAUNCHES 213
TABLE 141 MEDTRONIC: DEALS 213
TABLE 142 MEDTRONIC: OTHERS 214
14.2.4 ANALOG DEVICES 216
TABLE 143 ANALOG DEVICES: COMPANY OVERVIEW 216
FIGURE 72 ANALOG DEVICES: COMPANY SNAPSHOT 217
TABLE 144 ANALOG DEVICES: PRODUCT LAUNCHES 218
TABLE 145 ANALOG DEVICES: DEALS 219
14.2.5 TEKSCAN 221
TABLE 146 TEKSCAN: COMPANY OVERVIEW 221
TABLE 147 TEKSCAN: PRODUCT LAUNCHES 222
TABLE 148 TEKSCAN: DEALS 222
14.2.6 STMICROELECTRONICS 224
TABLE 149 STMICROELECTRONICS: COMPANY OVERVIEW 224
FIGURE 73 STMICROELECTRONICS: COMPANY SNAPSHOT 225
TABLE 150 STMICROELECTRONICS: PRODUCT LAUNCHES 226
TABLE 151 STMICROELECTRONICS: DEALS 227
14.2.7 NXP SEMICONDUCTORS 228
TABLE 152 NXP SEMICONDUCTORS: COMPANY OVERVIEW 228
FIGURE 74 NXP SEMICONDUCTORS: COMPANY SNAPSHOT 229
TABLE 153 NXP SEMICONDUCTOR: PRODUCT LAUNCHES 230
14.2.8 SENSIRION 231
TABLE 154 SENSIRION: COMPANY OVERVIEW 231
FIGURE 75 SENSIRION: COMPANY SNAPSHOT 232
TABLE 155 SENSIRION: PRODUCT LAUNCHES 233
TABLE 156 SENSIRION: DEALS 234
14.2.9 ON SEMICONDUCTOR CORPORATION 235
TABLE 157 ON SEMICONDUCTOR CORPORATION: COMPANY OVERVIEW 235
FIGURE 76 ON SEMICONDUCTOR CORPORATION: COMPANY SNAPSHOT 236
TABLE 158 ON SEMICONDUCTOR CORPORATION: PRODUCT LAUNCHES 237
TABLE 159 ON SEMICONDUCTOR CORPORATION: DEALS 237
14.2.10 AMPHENOL CORPORATION 238
TABLE 160 AMPHENOL CORPORATION: COMPANY OVERVIEW 238
FIGURE 77 AMPHENOL CORPORATION: COMPANY SNAPSHOT 239
TABLE 161 AMPHENOL CORPORATION: PRODUCT LAUNCHES 240
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
14.3 OTHER KEY PLAYERS 241
14.3.1 MAXIM INTEGRATED (ACQUIRED BY ANALOG DEVICES) 241
14.3.2 AMS 242
14.3.3 ABBOTT 243
14.3.4 ENVITEC 243
14.3.5 CIRTEC MEDICAL CORPORATION (CACTUS SEMICONDUCTOR) 244
14.3.6 INNOVATIVE SENSOR TECHNOLOGY IST AG 244
14.3.7 KELLER AMERICA (SUBSIDIARY OF KELLER AG DRUCKMESSTECHNIK) 245
14.3.8 OMNIVISION TECHNOLOGIES, INC. 245
14.3.9 MERIT SENSOR SYSTEMS (SUBSIDIARY OF MERIT MEDICAL SYSTEMS) 246
14.3.10 INFINEON 247
14.3.11 MASIMO 248
14.3.12 STANLEY HEALTHCARE (PART OF STANLEY, BLACK & DECKER) 249
14.3.13 VIVALINK 249
14.3.14 MICROCHIP TECHNOLOGY INC. 250
14.3.15 SIEMENS HEALTHINEERS 250
14.3.16 RENESAS ELECTRONICS CORPORATION 251
15 APPENDIX 252
15.1 INSIGHTS FROM INDUSTRY EXPERTS 252
15.2 DISCUSSION GUIDE 253
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 257
15.4 AVAILABLE CUSTOMIZATIONS 259
15.5 RELATED REPORTS 259
15.6 AUTHOR DETAILS 260

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

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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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# of Pages:        184

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Publication Date:  March, 2022

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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