What is Smart Handle Market?
This growing trend of home automation has led to the invention in the smart home industry. Smart handles are used in the smart home industry. It can be in the form of a door handle and lock secured with the help of a keypad which needs a password to open the door. A smart door handle requirements a smart lock to make a smart door. The increasing concerns of people regarding safety have forced the constructors of door and door parts to level up and offer components that deliver safety and they are comfortable to use. Also, it is also a part of the automobile industry. These smart handles are used in the form of exterior door handles that comprise of a lock/ unlock sensor, transmitting antenna and a sensor detection circuit.
The market study is being classified by Type (Active Smart Handle and Passive Smart Handle), by Application (Critical Infrastructure, Residential, Enterprise, Hospitality and Others) and major geographies with country level break-up.
ZF Friedrichshafen AG-TRW (Germany), Aisin Seiki (Japan), Silca S.p.A. (Italy), Denso Corporation (Japan), Valeo (France), Tokai Rika (Japan), Continental AG (Germany), Hyundai MOBIS (South Korea), Mitsubishi Electric (Japan) and Honeywell International Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Vivint, Inc. (United States) and Kwikset (United States).
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Smart Handle market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Smart Handle market by Type, Application and Region.
On the basis of geography, the market of Smart Handle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Consumers Are Increasingly Getting Interested In Optimum Resource Utilization and Energy Efficiency
- Growing Concerns Regarding Security
Market Trend
- Home Automation Industry As Well As the Automobile Industry
Restraints
- The Extreme Sensitivity of Smart Handles
Opportunities
- Technological Advancements
- Awareness of Consumers Regarding Vehicle Security Features and Vehicle Security Regulations
Challenges
- The High Cost of These Smart Handles
Key Target Audience
Government Regularity Bodies, Private Research Organizations, Government Research Organization and Others