Middle East & Africa 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)
Market Introduction
The Middle East & Africa 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 MEA includes countries such as South Africa, Saudi Arabia, the UAE, and Rest of the MEA. South Africa’s growing population and rapid urbanization have created booming demand for housing and commercial property, with direct and indirect investments associated to property development. Attributed to this, the country is expected to showcase expansion of affordable housing and essential urban infrastructure. Development of new commercial buildings will a have positive role in boosting the scope of installation RFID locks. With increasing installation of such systems, the demand for sensors will also rise which is projected to fuel the market growth. Saudi Arabia is one of the most important economies in the MEA, and it is also among the fastest-growing economies in the world. The Saudi Arabian government continuously emphasizes urban development as the country is gradually becoming a tourism and business hub. This factor is catalyzing the growth of the RFID locks market in Saudi Arabia. The fast-growing population increase in purchasing power, as well as improving lifestyle is fostering the demand for advanced solutions and systems in this country. The rest of MEA includes Qatar, Egypt, Kuwait, and Turkey, among others. The rising demand for varied smart locking systems in these countries is majorly attributed to the increase in construction activities. These countries are experiencing growth in their hospitality sector over the years, which is boosting the demand for the expansion of urban infrastructure; this, in turn, is propelling the RFID locks market growth.
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Market Overview and Dynamics
The RFID locks market in Middle East & Africa is expected to grow from US$ 341.73 Mn in 2019 to US$ 638.78 Mn by 2027; it is estimated to grow at a CAGR of 8.8% from 2020 to 2027. The rising number of hotels are propelling the need for advanced access technology—such as mobile access service. Furthermore, elevation in hotel room security by using Bluetooth Low Energy upgrade module or smart locks is becoming a crucial element in hospitality as it helps hotels provide property with streamlined check-in benefit. The rising demand from hotel owners is encouraging the access control systems manufacturers and tech giants to work together to develop smart door locks for hotels and other buildings included under hospitality industry. Various hoteliers are preferring contactless RFID cards over old magnetic keycards to offer enhanced guest experience. The use of RFID cards and locks is less cumbersome and enables faster room entry. RFID locks work with different access credentials such as wristbands, mobile devices, and key fobs, thereby promoting its use among hoteliers. In addition, updates in digital key prevent the use of expensive plastic keycards. The minimum use of single-use plastic cards in the long term helps hotels cut down their operating costs and carbon footprint. Therefore, improved guest satisfaction and lesser operating costs and carbon footprints are among the benefits offered by RFID locks, which, in turn, drive the demand for RFID locks in the hospitality sector across Middle East & Africa.
Key Market Segments
Based on access devices, the key cards segment accounted for the largest share of the Middle East & Africa RFID locks market in 2019. Based on end-user, the hospitality segment held a larger market share of the Middle East & Africa 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 Middle East & Africa 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, Digilock (Security People, Inc.), Dormakaba Holding AG, Euro-Locks SA NV (Lowe & Fletcher Group), Godrej & Boyce Manufacturing Company Limited, Onity Inc. and Samsung Group.
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- To understand the Middle East & Africa RFID locks market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa RFID locks market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Middle East & Africa region.
MIDDLE EAST & AFRICA 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
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Company Profiles
- Assa Abloy AB
- Digilock (Security People, Inc.)
- Dormakaba Holding AG
- Euro-Locks SA NV (Lowe & Fletcher Group)
- 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 Upswing in Urbanization
5.1.2 Development in the Hospitality Industry
5.2 Market Restraints
5.2.1 Increased Battery Life
5.3 Market Opportunities
5.3.1 Increment in the Penetration of Smartphones
5.4 Future Trends
5.4.1 Combination of AI with Locking System
5.5 Impact Analysis of Drivers and Restraints
6. RFID Locks – Middle East & Africa Market Analysis
6.1 Overview
6.2 Middle East & Africa RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
7. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa RFID Locks Market – Geographic Analysis
9.1 Overview
9.1.2 MEA: RFID Locks Market, by Key Country
9.1.2.1 South Africa: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
9.1.2.1.1 South Africa: RFID Locks Market, By Access Devices
9.1.2.1.2 South Africa: RFID Locks Market, by End-User
9.1.2.2 Saudi Arabia: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
9.1.2.2.1 Saudi Arabia: RFID Locks Market, By Access Devices
9.1.2.2.2 Saudi Arabia: RFID Locks Market, by End-User
9.1.2.3 UAE: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
9.1.2.3.1 UAE: RFID Locks Market, By Access Devices
9.1.2.3.2 UAE: RFID Locks Market, by End-User
9.1.2.4 Rest of MEA: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
9.1.2.4.1 Rest of MEA: RFID Locks Market, By Access Devices
9.1.2.4.2 Rest of MEA: RFID Locks Market, by End-User
10. Impact of COVID-19 Outbreak on Middle East & Africa RFID Locks Market
10.1 Middle East and Africa: 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 Digilock (Security People, Inc.)
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 dormakaba Holding AG
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 Euro-Locks SA NV (Lowe & Fletcher Group)
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. Middle East & Africa RFID Locks Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. South Africa: RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa: RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 4. Saudi Arabia: RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)
Table 5. Saudi Arabia: RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 6. UAE: RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)
Table 7. UAE: RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of MEA: RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of MEA: RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. RFID Locks Market Segmentation
Figure 2. Middle East & Africa RFID Locks Market Segmentation – By Country
Figure 3. Middle East & Africa RFID Locks Market Overview
Figure 4. Middle East & Africa RFID Locks Market, by Country
Figure 5. Middle East & Africa RFID Locks Market, By Access Devices
Figure 6. Middle East & Africa RFID Locks Market, By End-User
Figure 7. MEA – PEST Analysis
Figure 8. RFID Locks Market – Ecosystem Analysis
Figure 9. RFID Locks Market: Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa 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. Middle East & Africa: RFID Locks Market, by Key Country – Revenue (2019) (USD Million)
Figure 25. MEA: RFID Locks Market Revenue Share, by Key Country (2019 and 2027)
Figure 26. South Africa: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Saudi Arabia: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. UAE: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Rest of MEA: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- Assa Abloy AB
- Digilock (Security People, Inc.)
- Dormakaba Holding AG.
- Euro-Locks SA NV (Lowe & Fletcher Group)
- Godrej & Boyce Manufacturing Company Limited
- Onity Inc
- Samsung Group
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