LONDON--(BUSINESS WIRE)--#DigitalDoorLocksMarket--The digital door locks market is expected to grow by USD 10 bn, progressing at a CAGR of over 28% during the forecast period.

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The diversified applications of digital door locks is one of the major factors propelling market growth.

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Digital Door Locks Market: Product Landscape

Based on the product, the Biometric digital lock segment is expected to witness lucrative growth during the forecast period.

Digital Door Locks Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 51% of the market�s overall growth is expected to originate from APAC. China, Japan, and India are the key markets for digital door locks in APAC.

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Companies Covered:

• Allegion Plc
• ASSA ABLOY AB
• dormakaba Holding AG
• Godrej & Boyce Mfg. Co. Ltd.
• Honeywell International Inc.
• Napco Security Technologies Inc.
• Salto Systems SL
• Samsung Electronics Co. Ltd.
• Spectrum Brands Holdings Inc.
• United Technologies Corp.

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, until 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio�s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market size
• Market Outlook
• Market sizing 2019
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

• Market segmentation by product
• Comparison by product
• Biometric Digital Locks - Market size and forecast 2019-2024
• Keypad Locks - Market size and forecast 2019-2024
• Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increasing demand for safety and security by the residential housing and commercial sectors
• Easy to install and technologically advanced customized digital door locks
• Adoption of smart locks

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Allegion Plc
• ASSA ABLOY AB
• dormakaba Holding AG
• Godrej & Boyce Mfg. Co. Ltd.
• Honeywell International Inc.
• Napco Security Technologies Inc.
• Salto Systems SL
• Samsung Electronics Co. Ltd.
• Spectrum Brands Holdings Inc.
• United Technologies Corp.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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