Digital door lock systems refer to electronically operated physical access systems that have gained significant traction in the past few years due to growing concerns for the safety and security of organizational, private, and personal assets. Digital door lock systems are widely used in enterprises and other businesses to keep track of the information about a person entering or exiting a workplace. Digital door locks provide a low cost, easy to install security solution that requires a reliable means of access control but where the allocation of cards or keys is unpractical due to the volume of entry and exit into the building.
Moreover, digital door locks provide keyless access to schools, homes, and business premises without always having a set of keys. There are two main types of digital lock such as Electronic and Mechanical. They are available in multiple options depending on the security requirements of the user, such as access based on security tokens, passwords, numeric code, passphrases, different types of biometrics, and radio frequency identification devices. Furthermore, the use of smartphones as a means of gaining entry is among the major solutions gaining traction for residential and other end-user applications. The availability of large-scale options and the high level of security offered by these solutions are expected to drive market growth.
Increasing cases of crime, theft, and home invasion worldwide are among the leading causes of market growth. According to the Federal Bureau of Investigation (FBI), in 2019, around 1,117,696 burglaries occurred in the United States. Moreover, around 38% of assaults and 60% of rapes occur during home invasions. In the U.S., there is one burglary every 13 seconds and around 2.3 and 2.6 million robberies every year. The above-mentioned factors are expected to increase the demand for digital door lock systems. However, the lack of awareness among people about digital door lock systems is expected to hamper the growth of the digital door lock system market.
In terms of geography, the digital door lock system market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Based on type, the digital door lock system market is segmented into biometrics and keypad locks. Moreover, the increasing number of terrorist activities in emerging economies and a large number of infrastructure investment activities are expected to generate significant growth opportunities for the market. Key players active in the digital door lock system market are Panasonic Corporation, Hitachi Ltd., Godrej & Boyce Manufacturing Company Ltd., Allegion, Nestwell Technologies, Cisco Systems, ABB, etc.
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