Smart door
locks is an electromagnetic lock that act as a replacement to the key and is
used beyond the purpose for locking and unlocking the door. It can be used to
remotely unlock the door if the friends or family members or any other person
have ringed the smart door bell. Moreover, it visually confirms the
identity of the person via the smart door bell and then, let them in.
The smart
door locks work via connecting the smartphone to the Bluetooth. The person
needs to pair the smartphone Bluetooth with deadbolt to lock or unlock the
keys. The person just needs to tap the deadbolt for the opening of the door. It
comes handy in the situation when the person has lost the keys. Further, it
also gives freedom from carrying the bunch of the keys. Moreover, the family
members and the friends do not have to wait at home if the person is not at
home. The e-keys can be sent to them via the mobile app to let them in. The
smart door lock system can detect the presence, if the key has been
accidentally left inside or outside the home. It also ensures high security by
preventing the incidents of burglary. It makes it impossible for any stranger
to break into the home as it is without any keys. Their mechanism is based on
the security protocols deployed in bank system. It means that their digital
encryption mode cannot be duplicated or broken. In this way, burglars are
unable to pick or dump the system. Moreover, the smart door locks has made the
life of the senior citizens and disabled people convenient as they can be
opened with a smartphone without the struggle to go near to door to open it.
The Indian
smart door locks market is flourishing due to the rapid infrastructural
development. The various cities such as Kolkata, Delhi and Bengaluru are
witnessing the demand for building smart homes. As a result, the adoption of
the smart security systems is rising due to the ease of security and services
in house.
Market Size and Forecast
The market
is expected to expand at a CAGR of 38.9% during the forecast period of
2016-2023. The market growth will be driven by the rise in the burglaries,
larceny-thefts, and motor vehicle thefts. According to the National Crime
Reports Bureau, the thefts constituted 30% of the total crime in India.
Further, the rising concerns among the consumers regarding the safety and
security of the office premises and the other private premises will expand the
market growth. Moreover, the private and government corporate agencies are
upgrading their security installation systems which will lead to the increase
in the growth of the market.
Market Segmentation:
Our
in-depth analysis of the India Smart Door market includes the following
segments:
By
Technology
·
Mobile
App based
·
Non-
Mobile App based
By
Biometric
·
Face
Recognition Door Locks
·
Palm
Recognition Keypad Door Locks
·
Iris
Recognition Door Locks
·
Voice
Recognition Door Locks
·
Finger
Print Recognition Door Locks
By Unlock
Mechanism
·
Keypad
Door Locks
·
Touch
to open
·
Mobile
App based door locks
·
Hybrid/Integrated
door locks
By End
User
·
Commercial
·
Residential
Growth Drivers and Challenges:
The growth
of the market is primarily driven by the rise in the security concerns among
the Indian population. The rise in identity frauds has led to the installation
of the smart door locks systems in the residential and commercial premises.
Further, the rise in the criminal activities including burglary and theft has
led the people to shift from mechanical door locks systems to the smart door
lock systems, thus propelling the growth of the smart
door locks market. Moreover, the rapid pace in real estate growth has
led to the expansion of the market. The growth in the hospitality industry and
increasing competition in order to provide better services will encourage the
hotel room owners to install the smart door technology, which in turn will lead
to the expansion of the India smart door locks market. The introduction of the
land acquisition bill by the Government of India will speed up the process for
industrial corridors and development of smart cities. These rising investments
in infrastructural facilities would lead to the installation of the smart door
lock system. Moreover, the technological advancements have paved the way for
the development of smart door locks across the India. The smart door locks
include the digital technology with easy user interface. The user can operate
the smart door locks by using their smart phones. The users can generate the
e-key through their mobile and can keep a track of who is going in or out.
Moreover, the introduction of the hybrid smart locks with multiple locks systems
will lead to the expansion of the market. The growth of the market is further
fueled by the introduction of the product on the e-commerce platforms such as
Amazon, Flipkart and others by the various manufacturing companies. The
availability of the high speed internet services and increasing technological
population has increased the demand for the mobile-app based smart door lock
systems.
However,
the market growth is hindered by the increased rate of cybercrime in the
country and the poor quality smart door locks available in the market. The
security pins feeded by the customer to the keypad door locks are prone to the
risk of hacking. Further, less trust among the customers on the application
based smart door locks are hampering the growth of the market. Moreover, the
smart door locks are too expensive that act as a restraint to the market
growth. People are reluctant to expensive door locks due to the availability of
modular and attractive door locks through the various distribution channels.
Key Players
·
Samsung
Smart Home
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Yale
·
Godrej
·
Sentrilock
·
Kwikset
·
Lockitron
·
Schlage
·
Haven
Locks
·
August
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The India
Smart Door Market is segmented as follows:
·
By
Technology Market Size & Y-O-Y Growth Analysis
·
By
Biometric Market Size & Y-O-Y Growth Analysis
·
By
Unlock Mechanism Size & Y-O-Y Growth Analysis
·
By
End-User & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key Information
for Players to establish themselves in current dynamic environment
To know
more about this research, kindly visit:
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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