Asia Pacific RFID Locks Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Access Device (Key Cards, Mobile Phones, and Key Fobs), End-User (Hospitality, Residential, Manufacturing, Retail, Automotive, Aerospace & Defense, Government & Public Utility, and Others)

TIPRE00020998 | Pages: 122 | Electronics and Semiconductor | Apr 2021 | Type: Regional | Status: Published

Market Introduction

The Asia Pacific RFID locks market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The Asia Pacifica region constitutes developed economies such as Australia, China, India, Japan and South Korea as a developing nation. High industrial presence, and huge population. High growth rate of urbanization and industrialization, on the back of high investments in industrial and commercial developments, in developing countries is anticipated to offer ample growth opportunities to the companies operating in the RFID locks market. Both commercial & residential sectors are witnessing construction of new buildings and thus influencing adoption of new high-end access products. Increase in new buildings is creating demand for the solutions ensuring security at buildings and land sites while maintaining convenience and optimum efficiency. India, China, Australia, Japan, and South Korea are the most significant contributors to market growth in this APAC due to the presence of regional vendors offering RFID locking products. Bai Fu Co., Ltd., Be-Tech Asia Limited, Godrej & Boyce Manufacturing Company Limited., Digilock, and Samsung are among the players catering to in the demand for RFID locks market in this region.  



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Market Overview and Dynamics

The RFID locks market in Asia Pacific is expected to grow from US$ 1,005.90 Mn in 2019 to US$ 2,865.10 Mn by 2027; it is estimated to grow at a CAGR of 15.0% from 2020 to 2027. The Asia Pacific consumer electronics market is strongly stimulated due to the significant adoption of smartphones among people of all age groups. The developing countries in APAC, are experiencing a substantial rise in the number of smartphone users owing to the growing availability of low-cost smartphones. Also, Australia is one amongst the advanced economies where smartphone ownership is high owing to rising disposable income. Many locks are available with mobile access features. For instance, ViAge Technology—a provider of magnetic stripe & smart card applications—offers Esmart Mobile access locks. The lock combines PIN & RFID with BLE mobile access technology. It will make locking activity efficient as it combines RF user card with smartphone access key. Therefore, the growing penetration of smartphones is anticipated to boost the use of RFID locks among hospitality and other end users in coming years.  


Key Market Segments

In terms of access devices, the key cards segment accounted for the largest share of the Asia Pacific RFID locks market in 2019. In terms of end-user, the hospitality segment held a larger market share of the Asia Pacific RFID locks market in 2019.


Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Asia Pacific RFID locks market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are include Assa Abloy AB, Bai Fu Co., Ltd., Digilock (Security People, Inc.), Dormakaba Holding AG, Godrej & Boyce Manufacturing Company Limited, Onity Inc. and Samsung Group.


Reasons to buy report

  • To understand the Asia Pacific RFID locks market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific RFID locks market
  • Efficiently plan M&A and partnership deals in Asia Pacific RFID locks market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific RFID locks market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Asia Pacific region.

ASIA PACIFIC RFID LOCKS MARKET SEGMENTATION

By Access Devices

  • Key Cards
  • Mobile Phones
  • Key Fobs

By End-User

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

By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Company Profiles

  • Assa Abloy AB
  • Bai Fu Co., Ltd.
  • Digilock (Security People, Inc.)
  • Dormakaba Holding AG
  • Godrej & Boyce Manufacturing Company Limited
  • Onity Inc.
  • Samsung Group
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           RFID Locks Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Ecosystem Analysis

5.           RFID Locks Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Upsurge in Urbanization

5.1.2        Growth in the Hospitality Industry

5.2         Market Restraints

5.2.1        Enhanced Battery Life

5.3         Market Opportunities

5.3.1        Increasing Penetration of Smartphones

5.4         Future Trends

5.4.1        Incorporation of AI with the Locking System

5.5         Impact Analysis of Drivers and Restraints

6.           RFID Locks – Asia Pacific Market Analysis

6.1         Overview

6.2         Asia Pacific RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

7.           Asia Pacific RFID Locks Market Analysis – By Access Devices

7.1         Overview

7.2         RFID Locks Market, By Access Devices (2019 and 2027)

7.3         Key Card

7.3.1        Overview

7.3.2        Key Card: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Mobile Phones

7.4.1        Overview

7.4.2        Mobile Phones: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Key Fobs

7.5.1        Overview

7.5.2        Key Fobs: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

8.           Asia Pacific RFID Locks Market Analysis – By End-User

8.1         Overview

8.2         RFID Locks Market Breakdown, By End-User, 2019 & 2027

8.3         Hospitality

8.3.1        Overview

8.3.2        Hospitality: RFID Locks Market Revenue and Forecast to 2027 (US$ Million)

8.4         Residential

8.4.1        Overview

8.4.2        Residential: RFID Locks Market Revenue and Forecast to 2027 (US$ Million)

8.5         Manufacturing

8.5.1        Overview

8.5.2        Manufacturing: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)

8.6         Retail

8.6.1        Overview

8.6.2        Retail: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)

8.7         Automotive

8.7.1        Overview

8.7.2        Automotive: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)

8.8         Aerospace & Defense

8.8.1        Overview

8.8.2        Aerospace & Defense: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)

8.9         Government & Public Utilities

8.9.1        Overview

8.9.2        Government & Public Utilities: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)

8.10      Others

8.10.1     Overview

8.10.2     Others: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)

9.           Asia Pacific RFID Locks Market – Geographic Analysis

9.1         Overview

9.1.1        APAC: RFID Locks Market, By Country

9.1.1.1          Australia: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          Australia: RFID Locks Market, By Access Devices

9.1.1.1.2          Australia: RFID Locks Market, by End-User

9.1.1.2          China: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          China: RFID Locks Market, By Access Devices

9.1.1.2.2          China: RFID Locks Market, by End-User

9.1.1.3          India: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          India: RFID Locks Market, By Access Devices

9.1.1.3.2          India: RFID Locks Market, by End-User

9.1.1.4          Japan: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1          Japan: RFID Locks Market, By Access Devices

9.1.1.4.2          Japan: RFID Locks Market, by End-User

9.1.1.5          South Korea: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1          South Korea: RFID Locks Market, By Access Devices

9.1.1.5.2          South Korea: RFID Locks Market, by End-User

9.1.1.6          Rest of APAC: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1          Rest of APAC: RFID Locks Market, By Access Devices

9.1.1.6.2          Rest of APAC: RFID Locks Market, by End-User

10.        Impact of COVID-19 Outbreak on Asia Pacific RFID Locks Market

10.1      Asia-Pacific: Impact assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        COMPANY PROFILES

12.1      Assa Abloy AB

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Bai Fu Co., Ltd.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Digilock (Security People, Inc.)

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      dormakaba Holding AG

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Godrej & Boyce Manufacturing Company Limited

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Onity Inc.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Samsung Group

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             Asia Pacific RFID Locks Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.             Australia: RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)

Table 3.             Australia: RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 4.             China: RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)

Table 5.             China: RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 6.             India: RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)

Table 7.             India: RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 8.             Japan: RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)

Table 9.             Japan: RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 10.          South Korea: RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)

Table 11.          South Korea: RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 12.          Rest of APAC: RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of APAC: RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 14.            List of Abbreviation 

LIST OF FIGURES

Figure 1.           RFID Locks Market Segmentation

Figure 2.           Asia Pacific RFID Locks Market Segmentation – By Country

Figure 3.           Asia Pacific RFID Locks Market Overview

Figure 4.           RFID Locks Market, by Country

Figure 5.           RFID Locks Market, By Access Devices

Figure 6.           RFID Locks Market, By End-User

Figure 7.           APAC – PEST Analysis

Figure 8.           RFID Locks Market – Ecosystem Analysis

Figure 9.           RFID Locks Market: Impact Analysis of Drivers and Restraints

Figure 10.        Asia Pacific RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        RFID Locks Market Revenue Share, by Access Devices (2019 and 2027)

Figure 12.        Key Card: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Mobile Phones: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Key Fobs: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        RFID Locks Market Revenue Share, By End-User (2019 and 2027)

Figure 16.        Hospitality: RFID Locks Market Revenue and Forecast to 2027(US$ Million)

Figure 17.        Residential: RFID Locks Market Revenue and Forecast to 2027(US$ Million)

Figure 18.        Manufacturing: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)

Figure 19.        Retail: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)

Figure 20.        Automotive: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)

Figure 21.        Aerospace & Defense: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)

Figure 22.        Government & Public Utilities: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)

Figure 23.        Others: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)

Figure 24.        Asia Pacific: RFID Locks Market, by Key Country – Revenue (2019) (USD Million)

Figure 25.        APAC: RFID Locks Market Revenue Share, By Country (2019 and 2027)

Figure 26.        Australia: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        China: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        India: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Japan: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        South Korea: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Rest of APAC: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.           Impact of COVID-19 Pandemic in Asia Pacific Country Markets
  1. Assa Abloy AB
  2. Bai Fu Co., Ltd.
  3. Digilock (Security People, Inc.)
  4. Godrej & Boyce manufacturing company limited
  5. Dormakaba Holding AG.
  6. Onity Inc.
  7. Samsung Group
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific RFID Locks market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific RFID Locks market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific RFID Locks market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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