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Global RFID Locks Market Outlook to 2024 - A $12.4 Billion Opportunity: Analysis by Access Device, Application and Region - ResearchAndMarkets.com

September 28, 2018

DUBLIN--(BUSINESS WIRE)--Sep 28, 2018--The “Global RFID Locks Market Analysis (2018-2024)” report has been added to ResearchAndMarkets.com’s offering.

The Global RFID Locks Market size is expected to reach $12.4 billion by 2024, rising at a market growth of 15.4% CAGR during the forecast period.

Growing property crimes, home invasions and burglaries has led to the demand for RFID lock solutions in residential and other sectors. This is expected to drive the growth of the RFID locks market during the forecast period.

Additionally, growing adoption of smartphones which is a better channel for companies to reach customers and offer their product and services.

The use of smartphones is expected to drive the growth of smart lock user base, and as a result, drive the growth of the RFID locks market.

The growing demand for access control systems with near field communication (NFC) technology is expected to further drive the growth of the RFID lock market.

Based on the Access Device, the RFID Locks market is segmented into Key Cards, Wearables, and Mobile Phone & Others.

The Applications highlighted in this report include Hospitality, Transportation & Logistics, BFSI & Retail, Automotive & Manufacturing, Residential, Government & Defense and Others.

Based on Region, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

Key Topics Covered

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

Chapter 3. Global RFID Locks Market

Chapter 4. Global RFID Locks Market by Application

Chapter 5. Global RFID Locks Market by Region

Chapter 6. Company Profiles

Samsung Electronics Co. Ltd. Nestwell Technologies Honeywell International Inc. Siemens AG Assa Abloy Group Dormakaba Holding AG MIWA Lock Co. Dolphin RFID Pvt. Ltd. Salto Systems S.L. Fortune Marketing Pvt Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/59vjn8/global_rfid_locks?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180928005106/en/

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Related Topics:RFID,Physical Access Control

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/28/2018 04:29 AM/DISC: 09/28/2018 04:29 AM

http://www.businesswire.com/news/home/20180928005106/en

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