Global Digital Door Lock Systems market cagr 15.5%

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Digital Door Lock Systems

Digital Door Lock Systems Market Size and Growth

The global Digital Door Lock Systems market is expected to reach a size of $6.59 billion by 2027, growing at a CAGR of 31.8% from 2021 to 2027. Factors driving growth include increasing concerns about security, technological advancements, and the rising adoption of smart home devices. Demand is expected to continue growing.

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Companies Covered

(Covid 19 Impact Covered)

◍ Godrej & Boyce

◍ Assa Abloy Group

◍ Honeywell International

◍ Vivint, Inc

◍ United Technologies Corporation

◍ Panasonic Corporation

◍ Samsung Digital Life

◍ Weiser Lock

◍ Hitachi

◍ Stone Lock

◍ Adel Lock

◍ Kwikset

◍ Schlage

◍ Guangzhou Digi Intelligent System

Manufacturing

◍ Westinghouse

The Digital Door Lock Systems Market is highly competitive with key players like Godrej & Boyce, Assa Abloy Group, Honeywell International, and others offering innovative products and solutions. These companies leverage advanced technology to provide secure access control solutions, contributing to the growth of the market.

- Godrej & Boyce: $1.5 billion

- Assa Abloy Group: $10.6 billion

- Honeywell International: $36.7 billion

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Market Segmentation

By Application

◍ Government ◍ Industrial

◍ Residential

By Product

◍ Magnetic Stripe Locks

◍ Electromechanical Door Locks

◍ Electric Strike Locks

◍ Commercial Request Sample Report

◍ Biometrics Locks

Market Growth

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$ X Billion USD

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