Contactless Door Activation Market to Reach USD 5.3 Billion by 2027. Strategic Investment Plans, Business Opportunities, Regional Growth Challenges with Covid-19 Impact for Forecast 2022-2028

Arizton Advisory and Intelligence

In 2021, the global contactless door activation market was valued at USD 3.5 billion and is expected to grow at a CAGR of 7.4% to reach USD 5.3 billion by 2027.

Chicago, Sept. 20, 2022 (GLOBE NEWSWIRE) — According to the latest research report from Arizton, the contactless door activation market is expected to grow at a CAGR of 7.4% during the period 2022-2027. . The smart home is a residential space that relies on internet-connected devices for remote device monitoring and management. The most widely used smart technology products include smart door and access control systems, smart lighting systems, smart security systems, and smart plugs. Thus, the growing demand for smart homes is expected to provide growth opportunities for contactless door activation vendors.

Scope of the Contactless Door Activation Market Report

Report attributes

Details

MARKET SIZE (2027)

$5.3 billion

MARKET SIZE (2021)

$3.5 billion

CAGR (2022-2027)

7.4%

YEAR OF REFERENCE

2021

FORECAST YEAR

2022-2027

MARKET SEGMENTS

Door type, technology, application and geography

GEOGRAPHICAL ANALYSIS

APAC, Europe, North America, Middle East and Africa and Latin America

COUNTRIES COVERED

Japan, China, India, Australia, South Korea, Germany, France, United Kingdom, Italy, Spain, United States, Canada, UEA, Saudi Arabia, Brazil and Mexico

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key ideas

  • The sliding door segment led the market with a revenue share of 45.93% in 2021. The segment is expected to witness an absolute growth of 59% by the end of 2027.

  • The infrared sensor segment led the market with a revenue share of 32.30% in 2021. The segment is expected to grow at a CAGR of 8.07% during the forecast period.

  • The industrial and commercial segment led the market and is expected to witness an absolute growth of around 54% by the end of 2027.

  • In 2021, APAC became the largest regional contactless door activation market with a revenue share of 34.42%.

  • Countries such as Japan, India, China, Australia, and South Korea are major contributors to the APAC contactless door activation market. Factors such as strong economic growth, booming construction activities and increasing disposable income post 2021 are expected to accelerate the growth of the regional market.

  • The cost of raw materials accounts for a large portion of the overall manufacturing costs borne by suppliers. Most vendors focus on sourcing high quality raw materials for manufacturing durable, reliable and secure contactless doors.

  • The rapid expansion of commercial facilities such as corporate offices, business parks and retail stores in emerging markets such as China, India, Singapore, Indonesia, United Arab Emirates and Saudi Arabia will drive the demand for contactless door activation during the forecast period.

Supplier Information

The global contactless door activation market is highly competitive with the presence of numerous public and private companies. Some of the major providers include BEA, BBC Bircher, GEZE, Hotron, ASSA ABLOY and dormakaba. These brands have a comprehensive product portfolio and an extensive global market presence. Major vendors are adopting innovative technologies to maintain their strong position in the market. Many international players are expected to expand their reach worldwide during the forecast period, especially in the rapidly developing countries of APAC, Middle East & Africa and Latin America to increase their market share. Additionally, companies with better technical and financial resources can develop innovative products that could pose a threat to competing products to render them uncompetitive or even obsolete before they can recoup their R&D and marketing costs. Therefore, vendors need to develop new technologies and keep abreast of upcoming innovations to gain a competitive advantage over other vendors. Existing global players are increasing their investments in R&D facilities to ensure continuous customer-centric product innovation.

Main suppliers

  • BE A

  • BBC Bircher AG

  • Geze

  • Hotron

Other Important Suppliers

Market segmentation

door type

  • Sliding doors

  • Swing doors

  • revolving doors

  • Folding doors

  • Expressways and turnstiles

  • Others

Technology

  • Infrared sensor

  • microwave sensor

  • laser sensor

  • Others

Application

  • Commercial & Industrial

    • Health care

    • Airport

    • Hospitality

    • Government facilities

    • Companies

    • Others

  • Residential

Geography

  • APAC

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • North America

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

  • Middle East and Africa

  • Latin America

Explore our smart technology profile to learn more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven company that provides industry-leading research solutions to clients around the world. We excel in providing comprehensive market intelligence reports and advisory and consultancy services.

We offer comprehensive market research reports on industries such as consumer goods and retail technology, automotive and mobility, smart technologies, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers and trend forecasts.

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CONTACT: Arizton Advisory and Intelligence Call: +1-312-235-2040  +1 302 469 0707

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