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Autonomous Underwater Vehicle (AUV) Market With Covid-19 Impact by Type (Shallow Auvs, Medium Auvs, Large Auvs), Application (Military & Defense, Oil ...

Publisher:        MarketsandMarkets

# of Pages:        257

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1 User License $4,950

Publication Date:  October, 2021

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1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 33
1.2.1 INCLUSIONS AND EXCLUSIONS 34
1.3 STUDY SCOPE 34
1.3.1 MARKETS COVERED 34
FIGURE 1 MARKET SEGMENTATION 34
1.3.2 GEOGRAPHIC SCOPE 35
1.3.3 YEARS CONSIDERED 35
1.4 CURRENCY 36
1.5 LIMITATIONS 36
1.6 STAKEHOLDERS 36
1.7 SUMMARY OF CHANGES 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 2 AUTONOMOUS UNDERWATER VEHICLE MARKET: RESEARCH DESIGN 38
2.1.1 SECONDARY DATA 39
2.1.1.1 Major secondary sources 39
2.1.1.2 Key data from secondary sources 40
2.1.2 PRIMARY DATA 40
2.1.2.1 Primary interviews with experts 41
2.1.2.2 Key data from primary sources 41
2.1.2.3 Key industry insights 42
2.1.2.4 Breakdown of primaries 42
2.1.3 SECONDARY AND PRIMARY RESEARCH 43
2.2 MARKET SIZE ESTIMATION 43
FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION 44
2.2.1 BOTTOM-UP APPROACH 44
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE
FROM SALES OF AUTONOMOUS UNDERWATER VEHICLE PRODUCTS
AND SOLUTIONS 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 45
2.2.2 TOP-DOWN APPROACH 45
2.2.2.1 Approach for capturing market share by top-down
analysis (demand side) 45
FIGURE 6 TOP-DOWN APPROACH 45
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 46
FIGURE 7 DATA TRIANGULATION 46
2.4 RESEARCH ASSUMPTIONS 47
2.5 RISK ASSESSMENT 47
TABLE 1 RISK FACTOR ANALYSIS 47
2.6 FORECASTING ASSUMPTIONS 48
2.7 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY 48
TABLE 2 EVALUATION CRITERIA 49
2.7.1 VENDOR INCLUSION CRITERIA 49
2.8 STUDY LIMITATIONS 49
3 EXECUTIVE SUMMARY 50
FIGURE 8 NAVIGATION SEGMENT TO HOLD LARGEST SIZE OF AUV MARKET IN 2021 50
FIGURE 9 LARGE AUV MARKET TO ACCOUNT FOR LARGEST SHARE IN 2021 AND 2026 51
FIGURE 10 TORPEDO SEGMENT TO HOLD LARGEST SHARE OF AUV MARKET IN 2021 51
FIGURE 11 SENSORS SEGMENT ESTIMATED TO HOLD LARGEST SHARE OF AUV
PAYLOAD MARKET IN 2021 52
FIGURE 12 MILITARY & DEFENSE SEGMENT EXPECTED TO HOLD LARGEST SHARE
OF AUV MARKET IN 2021 53
FIGURE 13 NORTH AMERICA TO HOLD LARGEST SHARE OF AUV MARKET IN 2021 54
3.1 IMPACT OF COVID-19 ON AUTONOMOUS UNDERWATER VEHICLE MARKET 55
FIGURE 14 IMPACT OF COVID-19 ON AUTONOMOUS UNDERWATER VEHICLE MARKET 56
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN AUV MARKET 57
FIGURE 15 INCREASING CAPITAL EXPENDITURE IN OFFSHORE INDUSTRY EXPECTED
TO FUEL DEMAND FOR AUTONOMOUS UNDERWATER VEHICLES FROM
2021 TO 2026 57
4.2 AUV MARKET, BY APPLICATION 58
FIGURE 16 MILITARY & DEFENSE SEGMENT TO HOLD LARGEST SHARE OF
AUV MARKET IN 2026 58
4.3 AUV MARKET IN APAC, BY APPLICATION AND COUNTRY 58
FIGURE 17 MILITARY & DEFENSE SEGMENT AND CHINA TO BE LARGEST
SHAREHOLDERS OF AUV MARKET IN APAC IN 2021 58
4.4 AUV MARKET, BY TYPE 59
FIGURE 18 LARGE AUV SEGMENT TO ACCOUNT FOR LARGEST SIZE OF AUV MARKET (PAYLOAD) IN TERMS OF VALUE FROM 2021 TO 2026 59
4.5 AUV MARKET, BY TECHNOLOGY 59
FIGURE 19 NAVIGATION SEGMENT TO HOLD LARGEST SHARE OF AUV MARKET IN 2021 59
4.6 AUV MARKET, BY REGION 60
FIGURE 20 NORTH AMERICA TO HOLD LARGEST SHARE OF AUV MARKET IN 2021 60
5 MARKET OVERVIEW 61
5.1 INTRODUCTION 61
5.2 MARKET DYNAMICS 61
FIGURE 21 MARKET DYNAMICS: AUTONOMOUS UNDERWATER VEHICLE MARKET 61
5.2.1 DRIVERS 62
5.2.1.1 Increasing capital expenditure of companies in offshore
oil & gas industry 62
FIGURE 22 CAPITAL EXPENDITURE OF OFFSHORE OIL & GAS COMPANIES
FROM 2019 TO 2025 63
5.2.1.2 Rising defense spending in several countries worldwide 63
5.2.1.3 Increasing focus on use of renewable energy sources 63
5.2.2 RESTRAINTS 64
5.2.2.1 High operational costs of AUVs 64
5.2.3 OPPORTUNITIES 64
5.2.3.1 Development and incorporation of advanced technologies in AUVs 65
5.2.3.2 Upcoming expansion of Internet through 5G driving demand for underwater cables 65
FIGURE 23 UNDERWATER CONNECTORS MARKET REVENUE WORLDWIDE
FROM 2018 TO 2027 66
5.2.4 CHALLENGES 66
5.2.4.1 Slow underwater survey speed owing to use of acoustic communication 66
5.2.4.2 Operational hindrances such as natural ocean hazards
and bad ocean weather 67
5.3 VALUE CHAIN ANALYSIS 67
FIGURE 24 VALUE CHAIN ANALYSIS: AUTONOMOUS UNDERWATER VEHICLE MARKET 67
5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 69
FIGURE 25 REVENUE SHIFT IN AUTONOMOUS UNDERWATER VEHICLE MARKET 69
5.5 ECOSYSTEM 69
FIGURE 26 AUTONOMOUS UNDERWATER VEHICLE MARKET ECOSYSTEM 69
TABLE 3 ROLE OF COMPANIES IN ECOSYSTEM/VALUE CHAIN 70
5.6 PORTER’S FIVE FORCES ANALYSIS (2020) 71
TABLE 4 AUTONOMOUS UNDERWATER VEHICLE MARKET: PORTER’S FIVE
FORCES ANALYSIS 71
FIGURE 27 PORTER’S FIVE FORCES ANALYSIS: AUTONOMOUS UNDERWATER
VEHICLE MARKET 71
5.6.1 COMPETITIVE RIVALRY 72
5.6.2 THREAT OF NEW ENTRANTS 72
5.6.3 BARGAINING POWER OF SUPPLIERS 72
5.6.4 BARGAINING POWER OF BUYERS 72
5.6.5 THREAT OF SUBSTITUTES 72
5.7 USE CASES 73
5.7.1 POWERING A HIGH LATITUDE COASTAL WEATHER BUOY 73
5.7.2 EXPANDING HF RADAR FOR RESILIENCY IN COASTAL COMMUNITIES 73
5.7.3 POWERING AUV DOCKING STATIONS 74
5.7.4 POWERING DEEP OCEAN TSUNAMI DETECTION 74
5.7.5 POWERING A DRIFTING PROFILER 75
5.8 TECHNOLOGY ANALYSIS 76
5.8.1 INTERNET OF THINGS IN AUTONOMOUS UNDERWATER VEHICLES 76
5.8.2 RESEARCH ON STANDARD OS FOR ROBOTS AND AUTONOMOUS UNDERWATER VEHICLES 76
5.8.3 ARTIFICIAL INTELLIGENCE CHIPS IN AUTONOMOUS UNDERWATER VEHICLES 76
5.9 INDUSTRY TRENDS 77
5.10 PRICING ANALYSIS 77
TABLE 5 PRICING ANALYSIS FOR AUTONOMOUS UNDERWATER VEHICLES 77
FIGURE 28 AVERAGE SELLING PRICE ANALYSIS 78
5.11 AVERAGE COST SPLIT OF VARIOUS COMPONENTS OF AUVS 78
TABLE 6 AVERAGE COST SPLIT OF COMPONENTS WITH RESPECT TO OVERALL
COST OF AUVS 78
5.12 AVERAGE COST OF OPERATING AUTONOMOUS UNDERWATER VEHICLES FOR VARIOUS APPLICATIONS BASED ON PER HOUR/ PER DAY BASIS 79
TABLE 7 AVERAGE COST OF OPERATING AUTONOMOUS UNDERWATER VEHICLES 80
TABLE 8 CONTRIBUTION OF VARIOUS PHASES TO OVERALL OPERATIONAL COST
OF AUTONOMOUS UNDERWATER VEHICLES 81
5.13 PATENT ANALYSIS 81
FIGURE 29 PATENT ANALYSIS 81
TABLE 9 IMPORTANT PATENTS RELATED TO AUTONOMOUS UNDERWATER VEHICLES 82
5.14 TARIFF AND REGULATIONS 85
5.14.1 NORTH AMERICA 85
5.14.2 EUROPE 86
5.15 TRADE ANALYSIS 86
TABLE 10 EXPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION) 86
FIGURE 30 EXPORTS DATA FOR HS CODE 900630 FOR TOP FIVE COUNTRIES
IN AUTONOMOUS UNDERWATER VEHICLE MARKET,
2016–2020 (THOUSAND UNITS) 87
TABLE 11 IMPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION) 87
FIGURE 31 IMPORTS DATA FOR HS CODE 900630 FOR TOP FIVE COUNTRIES
IN AUTONOMOUS UNDERWATER VEHICLE MARKET,
2016–2020 (THOUSAND UNITS) 88
6 AUTONOMOUS UNDERWATER VEHICLE MARKET, BY TECHNOLOGY 89
6.1 INTRODUCTION 90
FIGURE 32 FUNDAMENTAL CHARACTERISTICS OF AUVS 90
FIGURE 33 IMAGING SEGMENT OF AUV MARKET TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026 91
TABLE 12 AUV MARKET, BY TECHNOLOGY, 2018–2020 (USD MILLION) 91
TABLE 13 AUV MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 91
6.2 COLLISION AVOIDANCE 92
6.2.1 SONARS 92
6.2.1.1 Sonars enable AUVs to not only detect obstacles but also avoid them 92
TABLE 14 AUV MARKET FOR COLLISION AVOIDANCE, BY TYPE,
2018–2020 (USD MILLION) 93
TABLE 15 AUV MARKET FOR COLLISION AVOIDANCE, BY TYPE,
2021–2026 (USD MILLION) 93
6.3 COMMUNICATION 93
TABLE 16 COMMUNICATION FOR SEPARATOR AUVS MANUFACTURED
BY TELEDYNE MARINE (US) 94
6.3.1 ACOUSTIC COMMUNICATION 94
6.3.1.1 Use of acoustic waves for underwater communication is increasing 94
6.3.2 SATELLITE COMMUNICATION 94
6.3.2.1 Satellite communication enables real-time data transfer
between operators and AUVs 94
TABLE 17 AUV MARKET FOR COMMUNICATION, BY TYPE, 2018–2020 (USD MILLION) 95
TABLE 18 AUV MARKET FOR COMMUNICATION, BY TYPE, 2021–2026 (USD MILLION) 95
6.4 NAVIGATION 95
6.4.1 COMPASS-BASED NAVIGATION 96
6.4.1.1 Adoption of compass-based navigation systems in shallow
water AUVs is increasing 96
6.4.2 INERTIAL NAVIGATION 96
6.4.2.1 Use of inertial navigation systems for deepwater
applications is increasing 96
FIGURE 34 LARGE AUV MARKET FOR NAVIGATION EXPECTED TO GROW
AT HIGHEST CAGR FROM 2021 TO 2026 96
TABLE 19 AUV MARKET FOR NAVIGATION, BY TYPE, 2018–2020 (USD MILLION) 97
TABLE 20 AUV MARKET FOR NAVIGATION, BY TYPE, 2021–2026 (USD MILLION) 97
TABLE 21 AUV MARKET FOR NAVIGATION, BY NAVIGATION TYPE,
2018–2026 (USD MILLION) 97
TABLE 22 AUV MARKET FOR NAVIGATION, BY NAVIGATION TYPE,
2021–2026 (USD MILLION) 97
6.5 PROPULSION 98
6.5.1 FIN CONTROL ACTUATORS 98
6.5.1.1 Fin control actuators provide vertical and horizontal sideslips
to AUVs in addition to roll, pitch, and yaw controls 98
6.5.2 PROPULSION MOTORS 98
6.5.2.1 Propulsion motors enable forward and reverse motion in AUVs
by controlling their thrusters 98
6.5.3 PUMP MOTORS 99
6.5.3.1 DC brushless motors provide variable speed control 99
6.5.4 LINEAR ELECTROMECHANICAL ACTUATORS 99
6.5.4.1 Linear electromechanical actuators are replacing hydraulic actuators owing to their reduced development and maintenance costs 99
6.5.5 BATTERY MODULES 99
6.5.5.1 Battery modules used in AUVs depend on mission duration, ratio
of weight of batteries to AUVs, and operational depth 99
TABLE 23 TYPES OF BATTERIES 100
TABLE 24 AUVS AND THEIR RESPECTIVE BATTERIES 100
6.5.5.2 Applied battery technology used and alternatives 100
TABLE 25 AUV MARKET FOR PROPULSION, BY SYSTEM, 2018–2020 (USD MILLION) 101
TABLE 26 AUV MARKET FOR PROPULSION, BY SYSTEM, 2021–2026 (USD MILLION) 102
TABLE 27 AUV MARKET FOR PROPULSION, BY TYPE, 2018–2020 (USD MILLION) 102
TABLE 28 AUV MARKET FOR PROPULSION, BY TYPE, 2021–2026 (USD MILLION) 102
6.5.6 PROPULSION SYSTEM TYPE 103
6.5.6.1 Electric system 103
6.5.6.2 Mechanical system 103
6.5.6.3 Hybrid system 103
6.6 IMAGING 104
6.6.1 SIDE-SCAN SONAR (SSS) IMAGERS 104
6.6.1.1 Adoption of side-scan sonar imagers for shallow water
surveys is increasing 104
6.6.2 MULTIBEAM ECHO SOUNDERS (MBES) 104
6.6.2.1 Use of multibeam echo sounders for seabed mapping using bathymetry is increasing 104
6.6.3 SUB-BOTTOM PROFILERS (SBPS) 105
6.6.3.1 Sub-bottom profilers penetrate sediments on seafloors
for detecting layers within sediments 105
6.6.4 LED LIGHTING 105
6.6.4.1 LED lighting is preferred over halogen lights owing to higher light output per pound of weight 105
FIGURE 35 LARGE AUV MARKET FOR IMAGING TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026 106
TABLE 29 AUV MARKET FOR IMAGING, BY TYPE, 2018–2020 (USD MILLION) 106
TABLE 30 AUV MARKET FOR IMAGING, BY TYPE, 2021–2026 (USD MILLION) 106
TABLE 31 AUV MARKET FOR IMAGING, BY SYSTEM, 2018–2020 (USD MILLION) 107
TABLE 32 AUV MARKET FOR IMAGING, BY SYSTEM, 2021–2026 (USD MILLION) 107
7 AUTONOMOUS UNDERWATER VEHICLE MARKET, BY TYPE 108
7.1 INTRODUCTION 109
FIGURE 36 CLASSIFICATION OF AUVS, BY DEPTH 109
TABLE 33 FEATURES OF DIFFERENT TYPES OF AUVS 109
FIGURE 37 LARGE AUV MARKET TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 110
TABLE 34 AUV MARKET, BY TYPE, 2018–2020 (USD MILLION) 110
TABLE 35 AUV MARKET, BY TYPE, 2021–2026 (USD MILLION) 110
TABLE 36 AUV MARKET, BY TYPE, 2018–2020 (UNITS) 111
TABLE 37 AUV MARKET, BY TYPE, 2021–2026 (UNITS) 111
7.2 SHALLOW AUVS (DEPTH UP TO 100 M) 111
7.2.1 ADOPTION OF SHALLOW AUVS FOR MAPPING, ROUTE SURVEYS,
AND FISHERY OPERATIONS IS INCREASING 111
TABLE 38 VARIOUS APPLICATIONS AND OEMS OF SHALLOW AUVS 112
TABLE 39 SHALLOW AUV MARKET, BY TECHNOLOGY, 2018–2020 (USD MILLION) 112
TABLE 40 SHALLOW AUV MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 112
TABLE 41 SHALLOW AUV MARKET, BY APPLICATION, 2018–2020 (USD MILLION) 113
TABLE 42 SHALLOW AUV MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 113
TABLE 43 SHALLOW AUV MARKET, BY APPLICATION, 2018–2020 (UNITS) 114
TABLE 44 SHALLOW AUV MARKET, BY APPLICATION, 2021–2026 (UNITS) 114
TABLE 45 SHALLOW AUV MARKET, BY SHAPE, 2018–2020 (USD MILLION) 114
TABLE 46 SHALLOW AUV MARKET, BY SHAPE, 2021–2026 (USD MILLION) 115
7.3 MEDIUM AUVS (DEPTH UP TO 1,000 M) 115
7.3.1 HIGH-SPECIFICATION POSITIONING AND NAVIGATION & TRACKING CAPABILITIES OF MEDIUM AUVS HAVE RESULTED IN THEIR
INCREASED ADOPTION 115
TABLE 47 VARIOUS APPLICATIONS AND OEMS OF MEDIUM AUVS 115
FIGURE 38 IMAGING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 116
TABLE 48 MEDIUM AUV MARKET, BY TECHNOLOGY, 2018–2020 (USD MILLION) 116
TABLE 49 MEDIUM AUV MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 117
TABLE 50 MEDIUM AUV MARKET, BY SHAPE, 2018–2020 (USD MILLION) 117
TABLE 51 MEDIUM AUV MARKET, BY SHAPE, 2021–2026 (USD MILLION) 117
TABLE 52 MEDIUM AUV MARKET, BY APPLICATION, 2018–2020 (USD MILLION) 118
TABLE 53 MEDIUM AUV MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 118
7.4 LARGE AUVS (DEPTH MORE THAN 1,000 M) 119
7.4.1 USE OF LARGE AUVS FOR DEEPWATER MAPPING AND SURVEYING APPLICATIONS IS INCREASING 119
TABLE 54 VARIOUS APPLICATIONS AND OEMS OF LARGE AUVS 119
TABLE 55 LARGE AUV MARKET, BY TECHNOLOGY, 2018–2026 (USD MILLION) 120
TABLE 56 LARGE AUV MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 120
FIGURE 39 ARCHEOLOGY & EXPLORATION SEGMENT TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026 121
TABLE 57 LARGE AUV MARKET, BY APPLICATION, 2018–2020 (USD MILLION) 121
TABLE 58 LARGE AUV MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 121
TABLE 59 LARGE AUV MARKET, BY SHAPE, 2018–2020 (USD MILLION) 122
TABLE 60 LARGE AUV MARKET, BY SHAPE, 2021–2026 (USD MILLION) 122
7.5 AVERAGE MISSION DURATION FOR VARIOUS TYPES OF AUVS 122
TABLE 61 MAXIMUM MISSION DURATION FOR VARIOUS TYPES OF AUVS 122
8 AUTONOMOUS UNDERWATER VEHICLE MARKET, BY SHAPE 123
8.1 INTRODUCTION 124
FIGURE 40 TORPEDO AUV SEGMENT TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 124
TABLE 62 AUV MARKET, BY SHAPE, 2018–2020 (USD MILLION) 124
TABLE 63 AUV MARKET, BY SHAPE, 2021–2026 (USD MILLION) 125
8.2 TORPEDO 125
8.2.1 TORPEDO AUVS EXPERIENCE MORE DRAG THAN LAMINAR FLOW
BODY AUVS IN SHALLOW WATERS 125
FIGURE 41 EXHIBIT OF TORPEDO AUVS 126
TABLE 64 TORPEDO AUV MARKET, BY TYPE, 2018–2020 (USD MILLION) 126
TABLE 65 TORPEDO AUV MARKET, BY TYPE, 2021–2026 (USD MILLION) 126
8.3 LAMINAR FLOW BODY 127
8.3.1 USE OF LAMINAR FLOW BODY AUVS INCREASING IN MILITARY APPLICATIONS 127
FIGURE 42 EXHIBIT OF LAMINAR FLOW BODY AUVS 127
TABLE 66 LAMINAR FLOW BODY AUV MARKET, BY TYPE, 2018–2020 (USD MILLION) 127
TABLE 67 LAMINAR FLOW BODY AUV MARKET, BY TYPE, 2021–2026 (USD MILLION) 128
8.4 STREAMLINED RECTANGULAR STYLE 128
8.4.1 STREAMLINED RECTANGULAR STYLE AUVS OFFER STABILITY AND HIGH ACCURACY FOR UNDERWATER INFORMATION COLLECTION APPLICATIONS 128
TABLE 68 STREAMLINED RECTANGULAR STYLE AUV MARKET, BY TYPE,
2018–2020 (USD MILLION) 129
TABLE 69 STREAMLINED RECTANGULAR STYLE AUV MARKET, BY TYPE,
2021–2026 (USD MILLION) 129
8.5 MULTI-HULL VEHICLE 129
8.5.1 MULTI-HULL VEHICLE AUVS COVER MORE SURFACE AREA AND
EXPERIENCE MORE DRAG THAN OTHER AUV TYPES 129
FIGURE 43 EXHIBIT OF MULTI-HULL VEHICLES 130
FIGURE 44 SHALLOW MULTI-HULL AUV MARKET TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026 131
TABLE 70 MULTI-HULL AUV MARKET, BY TYPE, 2018–2020 (USD THOUSAND) 131
TABLE 71 MULTI-HULL AUV MARKET, BY TYPE, 2021–2026 (USD THOUSAND) 131
9 AUTONOMOUS UNDERWATER VEHICLE MARKET, BY PAYLOAD TYPE 132
9.1 INTRODUCTION 133
FIGURE 45 SENSORS SEGMENT OF AUV PAYLOAD MARKET TO WITNESS
HIGHEST CAGR FROM 2021 TO 2026 133
TABLE 72 AUV MARKET, BY PAYLOAD TYPE, 2018–2020 (USD MILLION) 133
TABLE 73 AUV MARKET, BY PAYLOAD TYPE, 2021–2026 (USD MILLION) 134
9.2 CAMERAS 134
TABLE 74 AUV PAYLOAD MARKET FOR CAMERAS, BY APPLICATION,
2018–2020 (USD MILLION) 134
TABLE 75 AUV PAYLOAD MARKET FOR CAMERAS, BY APPLICATION,
2021–2026 (USD MILLION) 135
TABLE 76 AUV PAYLOAD MARKET FOR CAMERAS, BY TYPE, 2018–2020 (USD MILLION) 135
TABLE 77 AUV PAYLOAD MARKET FOR CAMERAS, BY TYPE, 2021–2026 (USD MILLION) 135
9.2.1 HIGH-RESOLUTION DIGITAL STILL CAMERAS 136
9.2.1.1 Increasing use of high-resolution digital still cameras for monitoring fixed assets in depths of up to 4,000 m to drive market growth 136
9.2.2 DUAL-EYE CAMERAS 136
9.2.2.1 Dual-eye cameras enable the formation of 3-dimensional images—a key factor driving market growth 136
9.3 SENSORS 136
TABLE 78 AUV PAYLOAD MARKET FOR SENSORS, BY APPLICATION,
2018–2020 (USD MILLION) 136
TABLE 79 AUV PAYLOAD MARKET FOR SENSORS, BY APPLICATION,
2021–2026 (USD MILLION) 137
9.3.1 CONDUCTIVITY (SALINITY), TEMPERATURE, AND DEPTH (CTD) SENSORS 137
9.3.1.1 CTD sensors allow biologists to understand underwater habitats and water composition 137
9.3.2 BIOGEOCHEMICAL SENSORS 137
9.3.2.1 Turbulence probes 138
9.3.2.1.1 Increased use of turbulence probes for understanding marine life and environmental changes to drive
market growth 138
9.3.2.2 Sensors for oxygen, nitrate, chlorophyll, and photosynthetically
active radiation (PAR) 138
9.3.2.2.1 High demand for sensors to measure oxygen, nitrate, chlorophyll, and photosynthetically active radiation
(PAR) in water to drive market growth 138
9.4 SYNTHETIC APERTURE SONARS 138
9.4.1 INCREASED USE OF SYNTHETIC APERTURE SONARS IN UNDERWATER ACOUSTIC IMAGING TO DRIVE GROWTH IN THIS MARKET SEGMENT 138
FIGURE 46 ENVIRONMENT PROTECTION & MONITORING SEGMENT OF AUV PAYLOAD MARKET FOR SYNTHETIC APERTURE SONARS TO WITNESS HIGHEST CAGR FROM 2021 TO 2026 139
TABLE 80 AUV PAYLOAD MARKET FOR SYNTHETIC APERTURE SONARS,
BY APPLICATION, 2018–2020 (USD MILLION) 139
TABLE 81 AUV PAYLOAD MARKET FOR SYNTHETIC APERTURE SONARS,
BY APPLICATION, 2021–2026 (USD MILLION) 140
9.5 ECHO SOUNDERS 140
9.5.1 ECHO SOUNDERS ENABLE OPERATORS OF AUVS TO EXPLORE AREAS
AHEAD OF AUVS 140
TABLE 82 AUV PAYLOAD MARKET FOR ECHO SOUNDERS, BY APPLICATION,
2018–2020 (USD MILLION) 141
TABLE 83 AUV PAYLOAD MARKET FOR ECHO SOUNDERS, BY APPLICATION,
2021–2026 (USD MILLION) 141
9.6 ACOUSTIC DOPPLER CURRENT PROFILERS 142
9.6.1 INCREASED USE OF ACOUSTIC DOPPLER CURRENT PROFILERS TO MEASURE CURRENT VELOCITIES AND DEPTH OF WATER TO DRIVE MARKET GROWTH 142
TABLE 84 AUV PAYLOAD MARKET FOR ACOUSTIC DOPPLER CURRENT PROFILERS,
BY APPLICATION, 2018–2020 (USD MILLION) 142
TABLE 85 AUV PAYLOAD MARKET FOR ACOUSTIC DOPPLER CURRENT PROFILERS,
BY APPLICATION, 2021–2026 (USD MILLION) 142
9.7 OTHERS 143
TABLE 86 AUV PAYLOAD MARKET FOR OTHERS, BY APPLICATION,
2018–2020 (USD MILLION) 143
TABLE 87 AUV PAYLOAD MARKET FOR OTHERS, BY APPLICATION,
2021–2026 (USD MILLION) 144
10 AUTONOMOUS UNDERWATER VEHICLE MARKET, BY APPLICATION 145
10.1 INTRODUCTION 146
TABLE 88 AUV MARKET, BY APPLICATION, 2018–2020 (USD MILLION) 146
TABLE 89 AUV MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 146
10.2 MILITARY & DEFENSE 147
TABLE 90 AUV MARKET FOR MILITARY & DEFENSE APPLICATIONS, BY REGION,
2018–2020 (USD MILLION) 147
TABLE 91 AUV MARKET FOR MILITARY & DEFENSE APPLICATIONS, BY REGION,
2021–2026 (USD MILLION) 147
TABLE 92 AUV MARKET FOR MILITARY & DEFENSE APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION) 148
TABLE 93 AUV MARKET FOR MILITARY & DEFENSE APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION) 148
TABLE 94 AUV MARKET FOR MILITARY & DEFENSE APPLICATIONS IN EUROPE,
BY COUNTRY, 2018–2020 (USD MILLION) 149
TABLE 95 AUV MARKET FOR MILITARY & DEFENSE APPLICATIONS IN EUROPE,
BY COUNTRY, 2021–2026 (USD MILLION) 149
TABLE 96 AUV MARKET FOR MILITARY & DEFENSE APPLICATIONS IN APAC,
BY COUNTRY, 2018–2020 (USD MILLION) 149
TABLE 97 AUV MARKET FOR MILITARY & DEFENSE APPLICATIONS IN APAC,
BY COUNTRY, 2021–2026 (USD MILLION) 150
TABLE 98 AUV MARKET FOR MILITARY & DEFENSE APPLICATIONS IN ROW,
BY REGION, 2018–2020 (USD MILLION) 150
TABLE 99 AUV MARKET FOR MILITARY & DEFENSE APPLICATIONS IN ROW,
BY REGION, 2021–2026 (USD MILLION) 150
10.2.1 BORDER SECURITY AND SURVEILLANCE 151
10.2.1.1 AUVs are equipped with sonars and cameras for border security
and surveillance 151
10.2.2 ANTI-SUBMARINE WARFARE 151
10.2.2.1 AUVs are ideal for challenges of anti-submarine warfare in
both ocean and littoral scenarios 151
10.2.3 MONITORING SMUGGLING OF ILLEGAL GOODS AND TRAFFICKING OF HUMANS 152
10.2.3.1 AUVs are equipped with payloads such as navigation systems, cameras, and communication equipment for tracking illegal activities 152
10.2.4 ENVIRONMENTAL ASSESSMENT 152
10.2.4.1 AUVs can collect information pertaining to current, tides,
turbulence, ambient noise, and presence of obstacles and mines 152
10.2.5 MINE COUNTERMEASURES 152
10.2.5.1 Mine countermeasures include detection, classification, identification, localization, and clearance of mines 152
10.3 OIL & GAS 152
FIGURE 47 AUV MARKET FOR OIL & GAS APPLICATIONS IN APAC TO GROW
AT HIGHEST CAGR DURING FORECAST PERIOD 153
TABLE 100 AUV MARKET FOR OIL & GAS APPLICATIONS, BY REGION,
2018–2020 (USD MILLION) 153
TABLE 101 AUV MARKET FOR OIL & GAS APPLICATIONS, BY REGION,
2021–2026 (USD MILLION) 153
TABLE 102 AUV MARKET FOR OIL & GAS APPLICATIONS IN NORTH AMERICA,
BY COUNTRY, 2018–2020 (USD MILLION) 154
TABLE 103 AUV MARKET FOR OIL & GAS APPLICATIONS IN NORTH AMERICA,
BY COUNTRY, 2021–2026 (USD MILLION) 154
TABLE 104 AUV MARKET FOR OIL & GAS APPLICATIONS IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION) 155
TABLE 105 AUV MARKET FOR OIL & GAS APPLICATIONS IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION) 155
TABLE 106 AUV MARKET FOR OIL & GAS APPLICATIONS IN APAC, BY COUNTRY,
2018–2020 (USD MILLION) 155
TABLE 107 AUV MARKET FOR OIL & GAS APPLICATIONS IN APAC, BY COUNTRY,
2021–2026 (USD MILLION) 156
TABLE 108 AUV MARKET FOR OIL & GAS APPLICATIONS IN ROW, BY REGION,
2018–2020 (USD MILLION) 156
TABLE 109 AUV MARKET FOR OIL & GAS APPLICATIONS IN ROW, BY REGION,
2021–2026 (USD MILLION) 156
10.3.1 PIPELINE SURVEY 157
10.3.1.1 Data obtained with help of side-scan sonars can be used to
detect and track pipelines in real-time 157
10.3.2 GEOPHYSICAL SURVEY 157
10.3.2.1 Under geophysical surveys, AUVs are generally used for traditional site inspections, route surveys, and hazard surveys 157
10.3.3 DEBRIS/CLEARANCE SURVEY 157
10.3.3.1 AUVs take lesser time for debris and clearance survey than
traditional methods 157
10.3.4 BASELINE ENVIRONMENTAL ASSESSMENT 157
10.3.4.1 AUVs are used for detecting natural seeps, classifying seabed
types, and mapping habitats 157
10.4 ENVIRONMENT PROTECTION & MONITORING 158
TABLE 110 AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS, BY REGION, 2018–2020 (USD MILLION) 158
TABLE 111 AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 158
TABLE 112 AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS IN APAC, BY COUNTRY, 2018–2020 (USD MILLION) 159
TABLE 113 AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS IN APAC, BY COUNTRY, 2021–2026 (USD MILLION) 159
FIGURE 48 US FORMS LARGEST SEGMENT IN AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS IN NORTH AMERICA 160
TABLE 114 AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS IN NORTH AMERICA, BY COUNTRY,
2018–2020 (USD MILLION) 160
TABLE 115 AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION) 160
TABLE 116 AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS IN EUROPE, BY COUNTRY, 2018–2020 (USD THOUSAND) 161
TABLE 117 AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS IN EUROPE, BY COUNTRY, 2021–2026 (USD THOUSAND) 161
TABLE 118 AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS IN ROW, BY REGION, 2018–2020 (USD MILLION) 161
TABLE 119 AUV MARKET FOR ENVIRONMENT PROTECTION & MONITORING APPLICATIONS IN ROW, BY REGION, 2021–2026 (USD MILLION) 162
10.4.1 HABITAT RESEARCH 162
10.4.1.1 AUV facilities generate physical and biological observations
of benthic variables that cannot be obtained cost-effectively
by other means 162
10.4.2 WATER SAMPLING 163
10.4.2.1 AUVs can be used for sampling water for various parameters
such as temperature, salinity, and dissolved oxygen 163
10.4.3 FISHERY STUDY 163
10.4.3.1 AUVs are used for measuring impact of overfishing, habitat destruction, and pollution and toxin levels 163
10.4.4 EMERGENCY RESPONSE 163
10.4.4.1 AUVs can be used for post-hurricane assessment and oil
spill missions 163
10.5 OCEANOGRAPHY 164
10.5.1 AUTONOMOUS UNDERWATER VEHICLES PROVIDE DATA ON TIME AND SPATIAL SCALES THAT WERE PREVIOUSLY INACCESSIBLE TO RESEARCHERS 164
TABLE 120 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS, BY REGION,
2018–2020 (USD MILLION) 164
TABLE 121 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS, BY REGION,
2021–2026 (USD MILLION) 164
TABLE 122 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS IN NORTH AMERICA,
BY COUNTRY, 2018–2020 (USD MILLION) 165
TABLE 123 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS IN NORTH AMERICA,
BY COUNTRY, 2021–2026 (USD MILLION) 165
TABLE 124 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS IN EUROPE, BY COUNTRY, 2018–2020 (USD THOUSAND) 166
TABLE 125 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS IN EUROPE, BY COUNTRY, 2021–2026 (USD THOUSAND) 166
FIGURE 49 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS IN INDIA EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 167
TABLE 126 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS IN APAC, BY COUNTRY, 2018–2020 (USD THOUSAND) 167
TABLE 127 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS IN APAC, BY COUNTRY, 2021–2026 (USD THOUSAND) 167
TABLE 128 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS IN ROW, BY REGION, 2018–2020 (USD THOUSAND) 168
TABLE 129 AUV MARKET FOR OCEANOGRAPHY APPLICATIONS IN ROW, BY REGION, 2021–2026 (USD THOUSAND) 168
10.6 ARCHEOLOGY & EXPLORATION 168
10.6.1 AUTONOMOUS UNDERWATER VEHICLES ARE COST-EFFECTIVE TOOLS USED FOR LOCATING, IDENTIFYING, AND SURVEYING ARCHEOLOGICAL SITES NOT ACCESSIBLE BY HUMAN DIVERS 168
TABLE 130 AUV MARKET FOR ARCHEOLOGY & EXPLORATION APPLICATIONS, BY REGION, 2018–2020 (USD MILLION) 169
TABLE 131 AUV MARKET FOR ARCHEOLOGY & EXPLORATION APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 169
TABLE 132 AUV MARKET FOR ARCHEOLOGY & EXPLORATION APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION) 169
TABLE 133 AUV MARKET FOR ARCHEOLOGY & EXPLORATION APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION) 170
TABLE 134 AUV MARKET FOR ARCHEOLOGY & EXPLORATION APPLICATIONS IN EUROPE, BY COUNTRY, 2018–2020 (USD THOUSAND) 170
TABLE 135 AUV MARKET FOR ARCHEOLOGY & EXPLORATION APPLICATIONS IN EUROPE, BY COUNTRY, 2021–2026 (USD THOUSAND) 171
TABLE 136 AUV MARKET FOR ARCHEOLOGY & EXPLORATION APPLICATIONS IN APAC,
BY COUNTRY, 2018–2020 (USD MILLION) 171
TABLE 137 AUV MARKET FOR ARCHEOLOGY & EXPLORATION APPLICATIONS IN APAC,
BY COUNTRY, 2021–2026 (USD MILLION) 171
TABLE 138 AUV MARKET FOR ARCHEOLOGY & EXPLORATION APPLICATIONS IN ROW,
BY REGION, 2018–2020 (USD MILLION) 172
TABLE 139 AUV MARKET FOR ARCHEOLOGY & EXPLORATION APPLICATIONS IN ROW,
BY REGION, 2021–2026 (USD MILLION) 172
10.7 SEARCH & SALVAGE OPERATIONS 172
10.7.1 AUTONOMOUS UNDERWATER VEHICLES CAN BE SIGNIFICANTLY USEFUL
IN SEARCHING SHIPWRECKS 172
FIGURE 50 NORTH AMERICA TO HOLD LARGEST SIZE OF AUV MARKET FOR SEARCH
AND SALVAGE OPERATIONS IN 2021 173
TABLE 140 AUV MARKET FOR SEARCH & SALVAGE OPERATION APPLICATIONS,
BY REGION, 2018–2020 (USD MILLION) 173
TABLE 141 AUV MARKET FOR SEARCH & SALVAGE OPERATION APPLICATIONS,
BY REGION, 2021–2026 (USD MILLION) 174
TABLE 142 AUV MARKET FOR SEARCH & SALVAGE OPERATION APPLICATIONS IN
NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION) 174
TABLE 143 AUV MARKET FOR SEARCH & SALVAGE OPERATION APPLICATIONS IN
NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION) 174
TABLE 144 AUV MARKET FOR SEARCH & SALVAGE OPERATION APPLICATIONS IN EUROPE, BY COUNTRY, 2018–2020 (USD THOUSAND) 175
TABLE 145 AUV MARKET FOR SEARCH & SALVAGE OPERATION APPLICATIONS IN EUROPE, BY COUNTRY, 2021–2026 (USD THOUSAND) 175
TABLE 146 AUV MARKET FOR SEARCH & SALVAGE OPERATION APPLICATIONS IN APAC, BY COUNTRY, 2018–2020 (USD THOUSAND) 175
TABLE 147 AUV MARKET FOR SEARCH & SALVAGE OPERATION APPLICATIONS IN APAC, BY COUNTRY, 2021–2026 (USD THOUSAND) 176
TABLE 148 AUV MARKET FOR SEARCH & SALVAGE OPERATION APPLICATIONS IN ROW, BY REGION, 2018–2020 (USD THOUSAND) 176
TABLE 149 AUV MARKET FOR SEARCH & SALVAGE OPERATION APPLICATIONS IN ROW, BY REGION, 2021–2026 (USD THOUSAND) 176
10.8 AUV SURVEY CATEGORIES, SPECIFICATIONS, AND TOOLS 177
10.9 AVERAGE MISSION DURATION FOR VARIOUS APPLICATIONS OF AUTONOMOUS UNDERWATER VEHICLES 177
TABLE 150 AVERAGE MISSION DURATION FOR VARIOUS APPLICATIONS
OF AUTONOMOUS UNDERWATER VEHICLES 177
11 GEOGRAPHIC ANALYSIS 178
11.1 INTRODUCTION 179
FIGURE 51 AUV MARKET IN APAC COUNTRIES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 179
TABLE 151 AUV MARKET, BY REGION, 2018–2020 (USD MILLION) 180
TABLE 152 AUV MARKET, BY REGION, 2021–2026 (USD MILLION) 180
11.2 NORTH AMERICA 180
TABLE 153 AUV MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION) 181
TABLE 154 AUV MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION) 181
TABLE 155 AUV MARKET IN NORTH AMERICA, BY APPLICATION,
2018–2020 (USD MILLION) 181
TABLE 156 AUV MARKET IN NORTH AMERICA, BY APPLICATION,
2021–2026 (USD MILLION) 182
FIGURE 52 SNAPSHOT OF AUV MARKET IN NORTH AMERICA 182
11.2.1 US 183
11.2.1.1 US held largest share of North American AUV market in 2020 183
11.2.1.2 Rules and regulations for AUVs in US 184
11.2.1.2.1 In US waters, regulations on AUVs require them to be
in length ranges of 12 m to 50 m with masthead lights visible up to 5 miles 184
11.2.2 CANADA 185
11.2.2.1 Among all countries in North America, market in Canada is
expected to grow at highest CAGR during forecast period 185
11.2.3 MEXICO 186
11.2.3.1 Mexico has suitable geography for growth of AUV market 186
11.3 EUROPE 186
TABLE 157 AUV MARKET IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION) 187
TABLE 158 AUV MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION) 187
TABLE 159 AUV MARKET IN EUROPE, BY APPLICATION, 2018–2020 (USD MILLION) 187
TABLE 160 AUV MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION) 188
FIGURE 53 SNAPSHOT OF AUV MARKET IN EUROPE 189
11.3.1 UK 189
11.3.1.1 Defence Science and Technology Laboratory in UK has been creating awareness about AUVs by awarding contracts to various companies for demonstrating AUVs 189
11.3.1.2 Rules and regulatory aspects in UK 190
11.3.1.2.1 Maritime Autonomous Systems Regulatory Working
Group develops UK regulatory framework for marine autonomous systems 190
11.3.2 GERMANY 190
11.3.2.1 Germany is developing new technology for AUVs for conserving resources by integrating emission-free, air-independent fuel cell propulsion systems with AUV modifiable underwater mothership 190
11.3.3 FRANCE 191
11.3.3.1 Among all European countries, AUV market in France is expected
to grow at highest CAGR during forecast period 191
11.3.4 ITALY 191
11.3.4.1 Italy mostly uses AUVs for exploring archeological sites in
North Tyrrhenian Sea 191
11.3.5 SPAIN 192
11.3.5.1 AUVs are used for coastal surveillance and combatting illegal
drug trade in Spain 192
11.3.6 REST OF EUROPE 192
11.4 APAC 192
TABLE 161 AUV MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION) 193
TABLE 162 AUV MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION) 193
TABLE 163 AUV MARKET IN APAC, BY APPLICATION, 2018–2020 (USD MILLION) 193
TABLE 164 AUV MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION) 194
FIGURE 54 SNAPSHOT OF AUV MARKET IN APAC 195
11.4.1 CHINA 195
11.4.1.1 In 2020, China held largest share of AUV market in APAC 195
11.4.2 INDIA 196
11.4.2.1 Among all APAC countries, AUV market in India is expected to
grow at highest CAGR during forecast period 196
11.4.3 JAPAN 196
11.4.3.1 Japan has significant opportunity for AUVs in border security & surveillance applications due to it being an island 196
11.4.4 REST OF APAC 197
11.5 ROW 197
TABLE 165 AUV MARKET IN ROW, BY REGION, 2018–2020 (USD MILLION) 197
TABLE 166 AUV MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION) 197
TABLE 167 AUV MARKET IN ROW, BY APPLICATION, 2018–2020 (USD MILLION) 198
TABLE 168 AUV MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION) 198
FIGURE 55 SNAPSHOT OF AUV MARKET IN ROW 199
11.5.1 SOUTH AMERICA 199
11.5.1.1 Countries such as Brazil, Chile, Venezuela, and Columbia are investing heavily in offshore oil and gas drilling activities, thereby creating opportunities for AUVs 199
11.5.2 MIDDLE EAST & AFRICA 199
11.5.2.1 In Middle East and Africa, AUVs are mostly used for seabed mapping and offshore oil and gas exploration 199

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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# 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