RFID Guest Room Locks Market
RFID Guest Room Locks Market Size and Growth
The RFID guest room locks market is experiencing significant growth, driven by increasing hotel security needs and technology adoption. As of 2023, the market is valued at approximately $500 million, with a projected CAGR of 12% over the next five years. Demand for advanced security solutions is enhancing competitive dynamics.
Companies Covered
(Covid 19 Impact Covered)
◍ Assa Abloy Group
◍ Dormakaba
◍ TYCO International PLC
◍ Siemens AG
◍ Godrej & Boyce
◍ Samsung
◍ NestWell Technologies
The RFID Guest Room Locks Market features key players like Assa Abloy, Dormakaba, and Allegion, enhancing security and convenience. Companies leverage cuttingedge technology to develop advanced locking solutions, driving market growth.
Revenue Highlights:
- Assa Abloy: Approximately $8.3 billion
- Dormakaba: Roughly $1.2 billion
- Allegion: About $2.5 billion
◍ United Technologies Corporation (Onity)
◍ Vivint
◍ Allegion
◍ Spectrum Brands Holdings, Inc
◍ Hettich Holding GmbH & Co
◍ SALTO Systems S.L
◍ MIWA Lock Company
◍ Hafele
Market Segmentation
By Application
Hotel
Government & Defense
Hospital and Healthcare
Residential
Others
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By Product
Key Cards
Wearables
Others
Market Growth
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$ X Billion USD
