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DUBLIN–(BUSINESS WIRE)–The “Smart
Door Locks Market (Updated)”
report has been added to ResearchAndMarkets.com’s
offering.

Elevation in the prevalence of IoT in India combined with the increasing
number of smart homes purvey the growth in smart door lock market in
India. Burgeoning penetration of Internet connectivity, wireless and
wired, are expanding the demand of smart door locks in residential and
corporate sector at CAGR of 35.6% during 2019-2025.

In addition, exponential swell from private realtors and housing
companies in metro adjacent cities such as Noida, Bengaluru, Nagpur and
Gurugram as well as other major cities such as Lucknow, Pune, Indore,
Ranchi and Dehradun is expected to promote the higher demand from
residential sector. The adoption of smart security systems and rising
demand for home automation systems for better security in houses are
expected to accelerate the demand for smart door locks in India during
the forecast period i.e. 2019-2025.

At present a small section of the Indian population is using smart door
locks on the account the higher cost associated when compared to
conventional. However, rising personal disposable income, surging crime
rates, expansion in tech savvy people would allow the smart door lock
demand to go high in near future. The percentage share of people who
would use the smart door lock is expected to increase for next 10 years
and would pave the business opportunities for existing and new entrants
in the market.

In 2017, non mobile app based smart door lock dominated the market;
mobile app based smart lock accounted for only 14.85% of the total smart
door lock market and remaining 85.15% went for non mobile app based
(keypad based) smart door locks. Increased in the number of commercial
building in the country contributes to the increase in non mobile app
based smart door lock growth.

However, as the tech savvy population is on rise (especially in metro
cities), the mobile app based smart door lock market is projected to
reach USD 216.61 million in 2025 from USD 15.44 million in 2017,
registering a growth rate of 39.79%. In addition to that, non mobile app
(keypad based) smart door locks market touched USD 88.52 million in 2017
and projected to maintain its dominance in near future in India
sub-continent by reaching USD 917.49 million in 2025.

If seen from the market point of view, non mobile app based smart door
lock market is projected to be a larger market but with 34.73% compound
annual growth rate (CAGR) during 2019-2025. On the other hand, mobile
app based is estimated to be a smaller market but the growth (CAGR) is
expected to be high at 34.73% during 2019-2025.

With USD 34.09 million in 2017, fingerprint based smart door lock had
the highest demand followed by palm recognition smart door locks.
Further, at present iris based smart lock is available in Indian market
but it is anticipated to showcase a bleak demand but is emanating the
burgeoning growth and might become successful in metro cities and areas
that require heavily guarded security services.

Technology using RFID to unlock the door (37.64% share) is still the
most popular and would remain up-ticked with 33.91% share in the total
market in 2025.

Commercial market demand for smart locks grabbed 61.32% share in 2017
and by 2025 this demand from commercial sector is estimated to beg for
58.95% share in the total smart door lock market. After commercial
sector residential sector to poise the second highest share of 41.05% in
2025 from 38.68% in 2017.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Distributors and Installers in India

4. Distribution Channel Market Size ($ Million) & Y-O-Y Growth
Analysis (%), 2017-2025

4.1. Offline Channel Distribution Market Size ($ Million) & Y-O-Y Growth
Analysis (%), 2017-2025

4.2. Online Channel Distribution Market Size ($ Million) & Y-O-Y Growth
Analysis (%), 2017-2025

4.3. Market Attractiveness By Distribution Channel

4.4. BPS Analysis By Distribution Channel

5. Risk Analysis

5.1. Demand Risk

5.2. Supply Risk

6. India Smart Door Locks Market Size($ Million) and Forecast,
2017-2025

7. Market Dynamics & Its Impact Analysis

7.1. Growth Drivers

7.2. Challenges

7.3. Opportunities

7.4. Trends

8. India Smart Door Locks Market Segmentation Analysis, By
Authentication

8.1. India Keypad Door Locks Market Size ($ Million) & Y-O-Y Growth
Analysis (%), 2017-2025

8.2. India RFID Market Size ($ Million) & Y-O-Y Growth Analysis (%),
2017-2025

8.3. India Biometric Market Size ($ Million) & Y-O-Y Growth Analysis
(%), 2017-2025

8.3.1. India Face Recognition Door Locks Market Size ($ Million) & Y-O-Y
Growth Analysis (%), 2017-2025

8.3.2. India Palm Recognition Keypad Door Locks Market Size ($ Million)
& Y-O-Y Growth Analysis (%), 2017-2025

8.3.3. India Iris Recognition Door Locks Market Size ($ Million) & Y-O-Y
Growth Analysis (%), 2017-2025

8.3.4. India Voice Recognition Door Locks Market Size ($ Million) &
Y-O-Y Growth Analysis (%), 2017-2025

8.3.5. India Fingerprint Recognition Door Locks Market Size ($ Million)
& Y-O-Y Growth Analysis (%), 2017-2025

8.4. India Hybrid/integrated Door Locks Market Size ($ Million) & Y-O-Y
Growth Analysis (%), 2017-2025

8.5. Market Attractiveness By Authentication

8.6. BPS Analysis By Authentication

9 India Smart Door Locks Market Segmentation Analysis, By Mobile
Application

9.1. India Mobile App Based Smart Door Locks Market Size ($ Million) &
Y-O-Y Growth Analysis (%), 2017-2025

9.2. India Non-Mobile App Based Smart Door Locks Market Size ($ Million)
& Y-O-Y Growth Analysis (%), 2017-2025

9.3. Market Attractiveness By Mobile Application

9.4. BPS Analysis By Mobile Application

10. India Smart Door Locks Market Segmentation Analysis, By
Product type

10.1. India Magnetic Strip Smart Door Locks Market Size ($ Million) &
Y-O-Y Growth Analysis (%), 2017-2025

10.2. India Electro Mechanical Smart Door Locks Market Size ($ Million)
& Y-O-Y Growth Analysis (%), 2017-2025

10.3. India Electric Strike Smart Door Locks Market Size ($ Million) &
Y-O-Y Growth Analysis (%), 2017-2025

10.4. Market Attractiveness By Product Type

10.5. BPS Analysis By Product Type

11. India Smart Door Locks Market Segmentation Analysis, By End
User

11.1. India Residential Smart Door Locks Market Size ($ Million) & Y-O-Y
Growth Analysis (%), 2017-2025

11.2. India Commercial Smart Door Locks Market Size ($ Million) & Y-O-Y
Growth Analysis (%), 2017-2025

11.3. Market Attractiveness By End User

11.4. BPS Analysis By End User

12. Porter’s Five Force Model Analysis

13. Competitive Landscape

13.1. Company Profiles

13.1.1. Samsung

13.1.2. Yale

13.1.3. Godrej

13.1.4. Haven

13.1.5. Kwikset

13.1.6. Lockitron

13.1.7. August

13.1.8. Schlage

13.1.9. Sentrilock

For more information about this report visit https://www.researchandmarkets.com/r/xfaqx1

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Related
Topics: Doors
and Windows
, Physical
Access Control