Electronic locks market
Electronic locks can be deactivated or opened by authentication such as passwords and passphrases, numerical codes, security tokens, Radio-frequency identification (RFID), and biometrics, among others. They are becoming one of the primary and msot cost-effective ways of preventing unauthorised access.
Electronic locks find application in luxury apartments, office projects, government projects adn so on. Developers in the market are ensuring electronic lock’s compatibility with technologies such as Wi-Fi or ZigBee, Z-Wave or Bluetooth or NFC, online wireless, semi-online wireless, and data on card.
The electronic locks market can be segmented by type into mechatronic, electromechanical and digital categories.
Digital door locks are further segmented by type into biometrics and keypad locks.
On the basis of geography, the global electronic locks market can be segmented as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Increasing adoption of electronic locks in mature markets such as Western Europe and the U.S. is driving the growth of electronic locks market. In the coming years, Asia Pacific is expected to be the fastest growing electronic locks market mainly driven by expanding sales in China.
Electronic locks for doors are configured to an access control central command or a stand-alone system. Currently, traditional locks can also be converted to stand-alone access control systems. Electronic locks enable affordable upgrades and bring long service life, offsetting initial investment. Electronic locks can track the traffic to and from the site, recording when the doors have been opened and by whom.
The key driver of electronic locks market growth is high demand in the construction industry; this creates a demand for new locks which are installed directly into new buildings and also creates an additional demand for retrofit business due to the large number of companies that move to new premises.
The high profit for electronic locks is attracting more suppliers in the supply chain, leading to more severe pricing competition. Declining prices and enhanced convenience feature in new electronic lock models.
The key players in the global electronic locks market include Kwikset (Spectrum Brands, Inc.), ASSA ABLOY Group, Kaba Holding AG, CDV Group Company, DynaLock Corporation, LockState, Schlage (Allegion Company), Onity (United Technologies Corp.), Salto Systems, SimonsVoss Technologies GmbH (Allegion Company), Videx Security Ltd and Seoul Commtech Co., Ltd.
Featured articles and news
Investors in People: CIOB achieves gold
Reflecting a commitment to employees and members.
Scratching beneath the surface; a guide to selection.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.
UK gov apprenticeship funding from April 2024
Brief summary the policy paper updated in March.
For the World Autism Awareness Month of April.
70+ experts appointed to public sector fire safety framework
The Fire Safety (FS2) Framework from LHC Procurement.
Project and programme management codes of practice
CIOB publications for built environment professionals.
The ECA Industry Awards 2024 now open !
Recognising the best in the electrotechnical industry.
Sustainable development concepts decade by decade.
The regenerative structural engineer
A call for design that will repair the natural world.
Buildings that mimic the restorative aspects found in nature.
CIAT publishes Principal Designer Competency Framework
For those considering applying for registration as a PD.
BSRIA Building Reg's guidance: The second staircase
An overview focusing on aspects which most affect the building services industry.
Design codes and pattern books
Harmonious proportions and golden sections.
Introducing or next Guest Editor Arun Baybars
Practising architect and design panel review member.
Quick summary by size, shape, test, material, use or bonding..