Global RFID Lock Market to grow at a CAGR of 16.71% during 2016-2020: Key Vendors Samsung, Dormakaba, MIWA Lock, ASSA ABLOY Hospitality

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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 Also, the traditional form of locks with the key is outdated.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.

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Technavios 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

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Table of Content

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

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