Fingerprint Door Locks Market Scope
Fingerprint door locks have gained various benefits compared to conventional key door locks, combination door locks, keyless keypad locks, and others. It offers security protection, convenience, and speed. According to recent studies of biometrics, the fingerprint is more accurate and cost-effective than the hand method.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Samsung Electronics (South Korea), Google Nest (South Korea), Eufy (China), Rudo Smart Locks (India), Shenzhen Rongtianshi Security Technology Co., Ltd (China), Granding Technology Co., Ltd (China), Dongguan Huiying Metal Electronic Co., Ltd (China) and Shenzhen Walsun Digital Technology Co., Ltd (China) |
CAGR | % |
Global Fingerprint Door Locks is a fragmented market due to the presence of various players. The players are investing more in mergers and acquisitions to enhance their market presence. The companies are planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Fingerprint Door Locks market throughout the predicted period.
Samsung Electronics (South Korea), Google Nest (South Korea), Eufy (China), Rudo Smart Locks (India), Shenzhen Rongtianshi Security Technology Co., Ltd (China), Granding Technology Co., Ltd (China), Dongguan Huiying Metal Electronic Co., Ltd (China) and Shenzhen Walsun Digital Technology Co., Ltd (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Fingerprint Door Locks market by Type and Region with country level break-up.
On the basis of geography, the market of Fingerprint Door Locks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In May 2022, Digital Security Locks (Mortise, Deadbolt, RIM) are continually pushing the limits of home security with a newly released PUSH PULL lock concept and BLUETOOTH technology. offer numerous FINGERPRINT DIGITAL LOCKS and have expanded our coverage to and GATES and Glass Doors. Security is your concern; and our specialty.
In 2020, Eufy has launched a biometric door lock that connects to the home automation system. The door lock provides four different entry methods through a touch keypad and built-in biometric fingerprint scanner and a traditional key for backup.
Influencing Trend:
Need for High Security and Advancement in Technologies
Market Growth Drivers:
Increasing Adoption of Fingerprint Door Locks in Banks and Others Sectors
Restraints:
High Cost Associated with the Fingerprint Door Locks
Opportunities:
Growing Implementation of Fingerprint Door Locks Developed and Developing Countries
Key Target Audience
Fingerprint Door Locks Regulatory Bodies, Potential Investors, Research and Development Institutes and Others