Touchless Door Activation Market To Reach $5.3 Billion By 20...| MENAFN.COM

Tuesday, 06 December 2022 02:02 GMT

Touchless Door Activation Market To Reach $5.3 Billion By 2027. Strategic Investment Plans, Business Opportunities, Regional Growth Challenges With Covid-19 Impact For Forecast 2022-2028 - Arizton


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Chicago, Sept. 20, 2022 (GLOBE NEWSWIRE) -- According to Arizton's latest research report, touchless door activation market is expected to grow at a CAGR of 7.4% during 2022-2027. Smart home is a residential space that relies on internet-connected devices for remote monitoring and management of appliances. The most used smart technological 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 to touchless door activation vendors.

Touchless Door Activation Market Report Scope

Report Attributes Details
MARKET SIZE (2027) $5.3 billion
MARKET SIZE (2021) $3.5 billion
CAGR (2022-2027) 7.4%
BASE YEAR 2021
FORECAST YEAR 2022-2027
MARKET SEGMENTS Door Type, Technology, Application, and geography
GEOGRAPHIC ANALYSIS APAC, Europe, North America, Middle East & Africa, and Latin America
COUNTRIES COVERED Japan, China, India, Australia, South Korea, Germany, France, UK, Italy, Spain, US, Canada, UEA, Saudi Arabia, Brazil, and Mexico

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Key Insights

  • The sliding door segment dominated 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 dominated 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 & commercial segment dominated the market and is expected to witness an absolute growth of around 54% by the end of 2027.
  • In 2021, APAC emerged as the largest regional touchless 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 touchless door activation market. Factors such as strong economic growth, the surge in construction activities, and rise in 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 vendors. Most vendors focus on procuring high-quality raw materials for manufacturing durable, reliable, and secure touchless 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, the UAE, and Saudi Arabia will drive the demand for touchless door activation during the forecast period.

Vendor Insights

The global touchless door activation market is highly competitive with the presence of many public and private companies. Some of the major vendors include BEA, BBC Bircher, GEZE, Hotron, ASSA ABLOY, and dormakaba. These brands have a comprehensive product portfolio and a widespread presence in the global market. The major vendors are adopting innovative technologies to retain their strong market position. Many international players are expected to expand their reach worldwide during the forecast period, especially in the fast-developing countries across APAC, the Middle East & Africa, and Latin America to enhance their market share. Additionally, companies with better technical and financial resources can develop innovative products that could pose a threat to competitor products to render them non-competitive and even obsolete before they can recover their R&D and commercialization costs. Therefore, vendors must develop new technologies and stay abreast with upcoming innovations to have a competitive advantage over other vendors. The existing global players are increasing their investment in R&D facilities to ensure continuous customer-centric product innovation.

Key Vendors

  • BEA
  • BBC Bircher AG
  • GEZE
  • Hotron

Other Prominent Vendors

  • ASSA ABLOY
  • Allegion
  • Dormakaba
  • ISEO
  • Nabtesco
  • Stanley Black & Decker
  • Boon Edam
  • Tormax USA
  • Pepperl+Fuchs
  • MS Sedco
  • Nabtesco
  • Camden Door Controls
  • Erreka Automatic Access
  • Anviz Global
  • Datawatch Systems
  • IDEMIA
  • Kastle
  • RollSeal
  • Dortronics Systems
  • Hoyles Electronic Developments

Market Segmentation

Door Type

  • Sliding Doors
  • Swinging Doors
  • Revolving Doors
  • Folding Doors
  • Speed Lanes & Turnstiles
  • Others

Technology

  • Infrared Sensor
  • Microwave Sensor
  • Laser Sensor
  • Others

Application

  • Commercial & Industrial
    • Healthcare
    • Airport
    • Hospitality
    • Government Facilities
    • Corporates
    • Others
  • Residential

Geography

  • APAC
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
  • Middle East & Africa
    • UAE
    • South Arabia
  • Latin America
    • Brazil
    • Mexico

Explore our smart tech profile to know more about the industry. 

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, 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.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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