About RFID Locks
RFID technologies are gaining attention from multiple sectors, especially hospitality, where property owners are harnessing the technology in providing enhanced customer experience. The hospitality industry relies on consumer comfort to build brand loyalty. As a result, property owners are increasingly investing in enhancing the aesthetics of their property. Door locks are the first thing in the hotel rooms a consumer interacts with. Also, the traditional form of locks with the key is outdated. The advent of electronic locks with technologies like biometric, radio-frequency integrated circuit (RFIC), and keypad provide hassle-free access to consumers and also enhance security and safety. The concept of RFID-based electronic locks are very similar to traditional locks and it uses a card or key fob to open a door. The technology finds application in various luxury apartments, government offices, residential properties, and in the industrial domain.
Technavio’s analysts forecast the global RFID lock market to grow at a CAGR of 16.71% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global RFID lock market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of RFID locks.
The market is divided into the following segments based on geography:
• North America
• APAC
• Europe
• ROW
Technavio's report, Global RFID Locks Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• ASSA ABLOY Hospitality
• Dormakaba
• MIWA Lock
• Samsung
Other prominent vendors
• Allegion
• Godrej Locking Solutions and Systems
• Hettich Hettlock
• LockState
• Onity (by United Technologies)
• SALTO Systems
Market driver
• Increasing demand for access control systems with near field communication (NFC) technology
• For a full, detailed list, view our report
Market challenge
• Threat of substitutes such as biometric and smart card
• For a full, detailed list, view our report
Market trend
• Growing demand for RFID-based furniture locks
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Vendor segmentation
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: RFID technology landscape
• Components of an RFID system
• RFID systems supply chain
• RFID value chain
• Regulations and policies
• Regulatory agencies and compliance requirements
PART 06: Market landscape
• Market overview
• Global electronic lock market
• Global RFID lock market
• Five forces analysis
PART 07: Geographical segmentation
• Global RFID lock market by geography
• RFID lock market North America
• RFID lock market in Europe
• RFID lock market in APAC
• RFID lock market in ROW
PART 08: Market drivers
• Growing construction industry in APAC
• Increasing demand for access control systems with NFC technology
• Growing hospitality industry
PART 09: Impact of drivers
PART 10: Market challenges
• Slow adoption rate of technologically advanced RFID locks
• Threat of substitutes such as biometric and smart card
• High installation cost
PART 11: Impact of drivers and challenges
PART 12: Market trends
• Integration of RFID locks with mobile access solution
• Emergence of smart locks with technology like BLE, NFC, and RFID
• Growing demand for RFID-based furniture locks
PART 13: Vendor landscape
• Competitive benchmarking
• Other prominent vendors
PART 14: Key vendor analysis
• ASSA ABLOY Hospitality
• dormakaba
• MIWA Lock
• Samsung
PART 15: Appendix
• List of abbreviations
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: Global RFID lock market size derivation 2015
Exhibit 02: Product offerings
Exhibit 03: Functional classification of RFID tags
Exhibit 04: Operating frequencies of a passive RFID tag
Exhibit 05: Comparison between active and passive RFID tags
Exhibit 06: Factors impacting selection of a passive RFID tag
Exhibit 07: RFID operating frequency ranges
Exhibit 08: Difference between HF RFID and NFC
Exhibit 09: Uses of NFC and RFID
Exhibit 10: Types of barcodes
Exhibit 11: Difference between RFID and Barcode
Exhibit 12: RFID systems: Supply chain
Exhibit 13: RFID system: Value chain
Exhibit 14: Standards for RFID technology implementation
Exhibit 15: Major regulatory bodies for setting RFID standards
Exhibit 16: Benefits of using RFID-based electronic locks
Exhibit 17: Global electronic lock market 2015-2020 ($ billions)
Exhibit 18: Global electromechanical lock market 2015-2020 ($ millions)
Exhibit 19: Global RFID lock market 2015-2020 ($ millions)
Exhibit 20: Five forces analysis
Exhibit 21: Global RFID lock market segmentation by geography 2015
Exhibit 22: Global RFID lock market by geographical segmentation 2015-2020
Exhibit 23: RFID lock market in North America 2015-2020 ($ millions)
Exhibit 24: Change in property crime in US from 2014 to 2015 by population group
Exhibit 25: Change in property crime from 2014 to 2015 by region in US
Exhibit 26: Change in property crime in US 2011-2015
Exhibit 27: RFID lock market in Europe 2015-2020 ($ millions)
Exhibit 28: RFID lock market in APAC 2015-2020 ($ millions)
Exhibit 29: RFID lock market in ROW 2015-2020 ($ millions)
Exhibit 30: Construction market in APAC 2015-2020 ($ billions)
Exhibit 31: Impact of drivers
Exhibit 32: Global biometric authentication market 2015-2020 ($ billions)
Exhibit 33: Cost of materials for a simple license plate tag
Exhibit 34: Cost analysis of a RFID system
Exhibit 35: Impact of drivers and challenges
Exhibit 36: ALV2 available card variations
