Key Cards Segment to Dominate Middle East & Africa RFID Locks Market during 2019–2027

According to a new market research study on “Middle East & Africa RFID Locks Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Access Device, End-User, and Country,” is expected to reach US$ 638.78 Mn by 2027 from US$ 341.73 Mn in 2019. The market is estimated to grow at a CAGR of 8.8% from 2020 to 2027. The report provides trends prevailing in the Middle East & Africa RFID locks market along with the drivers and restraints pertaining to the market growth. Upswing in urbanization and development in the hospitality industry are the major factors driving the growth of the Middle East & Africa RFID locks market. However, increased battery life may hinder the growth of Middle East & Africa RFID locks market.

The market for Middle East & Africa RFID locks is segmented into access devices, end-user, and country. Based on access devices, the market is segmented into key cards, mobile phones, and key fobs. The mobile phones segment is expected to be the fastest growing segment over the forecast period. Based on end-user, the Middle East & Africa RFID locks is divided into hospitality, residential, manufacturing, retail, automotive, aerospace and defense, government and public utilities, and others. The hospitality segment held the largest share in the RFID locks market. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East & Africa RFID locks market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain. Thereby, impacted the market for RFID locks in the region.

Assa Abloy AB, Digilock (Security People, Inc.), Dormakaba Holding AG, Euro-Locks SA NV (Lowe & Fletcher Group), Godrej & Boyce Manufacturing Company Limited, Onity Inc. and Samsung Group are among the leading companies in the Middle East & Africa RFID locks market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the Middle East & Africa RFID Locks market as follows:

• Key Cards
• Mobile Phones
• Key Fobs

• Hospitality
• Residential
• Manufacturing
• Retail
• Automotive
• Aerospace & Defense
• Government & Public Utility
• Others

• Saudi Arabia
• UAE
• South Africa
• Rest of Middle East & Africa