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PUBLISHER: KBV Research | PRODUCT CODE: 1431177
PUBLISHER: KBV Research | PRODUCT CODE: 1431177
LAMEA RFID Locks Market Size, Share & Trends Analysis Report By Access Device, By Application (Hospitality, Transportation & Logistics, Residential, Automotive, BFSI, Retail, and Government & Others), By Country and Growth Forecast, 2023 - 2030
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The Latin America, Middle East and Africa RFID Locks Market would witness market growth of 17.2% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 4,511.5 thousand units, showcasing a growth of 18.8% (2023-2030).
An IC card lock, which is another name for a radio frequency identification (RFID) lock, is an electronic lock in which the key is a radio frequency card. The contactless operation of the lock is facilitated by RFID technology, in contrast to the traditional contactable card that demands physical proximity to a reader. RFID technology is a system for recognition that transmits information using electromagnetic radiation. Due to its high cost and conventional design, RFID lock systems are not utilized as replacements for mechanical locks in residential settings. Moreover, in real-time operation, RFID door locks may be effective or ineffective. At the same time, the validity of the RFID card is under control, as the valid period of the RFID card can also be set.
The prominent factors that drive the RFID locks market share include the high usage of RFID locks in commercial and government sectors and the high adoption of smartphones. The proliferation of smartphone features and the widespread adoption of smartphones in daily life are creating favorable conditions for the expansion of the RFID locks market. In addition, the user-friendly experience of mobile phones and their application allows companies to offer their product services right into the customer's hand by enabling them to control the RFID door locks more proficiently & handily.
In tourist destinations across Latin America and parts of the Middle East, the hospitality industry is experiencing growth. RFID locks are deployed in hotels and resorts to enhance guest security and provide convenient access. Certain African regions deploy RFID locks as part of border security measures, controlling access to sensitive areas and critical infrastructure. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA RFID Locks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $326.6 million by 2030. The Argentina market is showcasing a CAGR of 17.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 16.8% during (2023 - 2030).
Based on Access Device, the market is segmented into Key Cards, Mobile Phone, and Wearable & Others. Based on Application, the market is segmented into Hospitality, Transportation & Logistics, Residential, Automotive, BFSI, Retail, and Government & Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Allegion PLC
- Fortune Marketing Pvt Ltd.
- Honeywell International, Inc.
- Siemens AG
- Assa Abloy AB
- Dormakaba Holding AG
- MIWA Lock Company, Ltd.
- Dolphin RFID Pvt. Ltd.
- Salto Systems, S.L.
- Nestwell Technologies
LAMEA RFID Locks Market Report Segmentation
By Access Device (Volume, Thousand Units, USD Billion, 2019-2030)
- Key Cards
- Mobile Phone
- Wearable & Others
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
- Hospitality
- Transportation & Logistics
- Residential
- Automotive
- BFSI
- Retail
- Government & Others
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA RFID Locks Market, by Access Device
- 1.4.2 LAMEA RFID Locks Market, by Application
- 1.4.3 LAMEA RFID Locks Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter's Five Forces Analysis
Chapter 4. Strategies Deployed in RFID Locks Market
Chapter 5. LAMEA RFID Locks Market by Access Device
- 5.1 LAMEA Key Cards Market by Country
- 5.2 LAMEA Mobile Phone Market by Country
- 5.3 LAMEA Wearable & Others Market by Country
Chapter 6. LAMEA RFID Locks Market by Application
- 6.1 LAMEA Hospitality Market by Country
- 6.2 LAMEA Transportation & Logistics Market by Country
- 6.3 LAMEA Residential Market by Country
- 6.4 LAMEA Automotive Market by Country
- 6.5 LAMEA BFSI Market by Country
- 6.6 LAMEA Retail Market by Country
- 6.7 LAMEA Government & Others Market by Country
Chapter 7. LAMEA RFID Locks Market by Country
- 7.1 Brazil RFID Locks Market
- 7.1.1 Brazil RFID Locks Market by Access Device
- 7.1.2 Brazil RFID Locks Market by Application
- 7.2 Argentina RFID Locks Market
- 7.2.1 Argentina RFID Locks Market by Access Device
- 7.2.2 Argentina RFID Locks Market by Application
- 7.3 UAE RFID Locks Market
- 7.3.1 UAE RFID Locks Market by Access Device
- 7.3.2 UAE RFID Locks Market by Application
- 7.4 Saudi Arabia RFID Locks Market
- 7.4.1 Saudi Arabia RFID Locks Market by Access Device
- 7.4.2 Saudi Arabia RFID Locks Market by Application
- 7.5 South Africa RFID Locks Market
- 7.5.1 South Africa RFID Locks Market by Access Device
- 7.5.2 South Africa RFID Locks Market by Application
- 7.6 Nigeria RFID Locks Market
- 7.6.1 Nigeria RFID Locks Market by Access Device
- 7.6.2 Nigeria RFID Locks Market by Application
- 7.7 Rest of LAMEA RFID Locks Market
- 7.7.1 Rest of LAMEA RFID Locks Market by Access Device
- 7.7.2 Rest of LAMEA RFID Locks Market by Application
Chapter 8. Company Profiles
- 8.1 Allegion PLC
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 SWOT Analysis
- 8.2 Fortune Marketing Pvt Ltd.
- 8.2.1 Company Overview
- 8.3 Honeywell International, Inc.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.6 SWOT Analysis
- 8.4 Siemens AG
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 SWOT Analysis
- 8.5 Assa Abloy AB
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Product Launches and Product Expansions:
- 8.5.5.2 Acquisition and Mergers:
- 8.5.6 SWOT Analysis
- 8.6 Dormakaba Holding AG
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Regional Analysis
- 8.6.4 Research & Development Expenses
- 8.6.5 SWOT Analysis
- 8.7 MIWA Lock Company, Ltd.
- 8.7.1 Company Overview
- 8.8 Dolphin RFID Pvt. Ltd.
- 8.8.1 Company Overview
- 8.9 Salto Systems, S.L.
- 8.9.1 Company Overview
- 8.9.2 Recent strategies and developments:
- 8.9.2.1 Product Launches and Product Expansions:
- 8.10. Nestwell Technologies
- 8.10.1 Company Overview
LIST OF TABLES
- TABLE 1 LAMEA RFID Locks Market, 2019 - 2022, USD Million
- TABLE 2 LAMEA RFID Locks Market, 2023 - 2030, USD Million
- TABLE 3 LAMEA RFID Locks Market, 2019 - 2022, Thousand Units
- TABLE 4 LAMEA RFID Locks Market, 2023 - 2030, Thousand Units
- TABLE 5 LAMEA RFID Locks Market by Access Device, 2019 - 2022, USD Million
- TABLE 6 LAMEA RFID Locks Market by Access Device, 2023 - 2030, USD Million
- TABLE 7 LAMEA RFID Locks Market by Access Device, 2019 - 2022, Thousand Units
- TABLE 8 LAMEA RFID Locks Market by Access Device, 2023 - 2030, Thousand Units
- TABLE 9 LAMEA Key Cards Market by Country, 2019 - 2022, USD Million
- TABLE 10 LAMEA Key Cards Market by Country, 2023 - 2030, USD Million
- TABLE 11 LAMEA Key Cards Market by Country, 2019 - 2022, Thousand Units
- TABLE 12 LAMEA Key Cards Market by Country, 2023 - 2030, Thousand Units
- TABLE 13 LAMEA Mobile Phone Market by Country, 2019 - 2022, USD Million
- TABLE 14 LAMEA Mobile Phone Market by Country, 2023 - 2030, USD Million
- TABLE 15 LAMEA Mobile Phone Market by Country, 2019 - 2022, Thousand Units
- TABLE 16 LAMEA Mobile Phone Market by Country, 2023 - 2030, Thousand Units
- TABLE 17 LAMEA Wearable & Others Market by Country, 2019 - 2022, USD Million
- TABLE 18 LAMEA Wearable & Others Market by Country, 2023 - 2030, USD Million
- TABLE 19 LAMEA Wearable & Others Market by Country, 2019 - 2022, Thousand Units
- TABLE 20 LAMEA Wearable & Others Market by Country, 2023 - 2030, Thousand Units
- TABLE 21 LAMEA RFID Locks Market by Application, 2019 - 2022, USD Million
- TABLE 22 LAMEA RFID Locks Market by Application, 2023 - 2030, USD Million
- TABLE 23 LAMEA RFID Locks Market by Application, 2019 - 2022, Thousand Units
- TABLE 24 LAMEA RFID Locks Market by Application, 2023 - 2030, Thousand Units
- TABLE 25 LAMEA Hospitality Market by Country, 2019 - 2022, USD Million
- TABLE 26 LAMEA Hospitality Market by Country, 2023 - 2030, USD Million
- TABLE 27 LAMEA Hospitality Market by Country, 2019 - 2022, Thousand Units
- TABLE 28 LAMEA Hospitality Market by Country, 2023 - 2030, Thousand Units
- TABLE 29 LAMEA Transportation & Logistics Market by Country, 2019 - 2022, USD Million
- TABLE 30 LAMEA Transportation & Logistics Market by Country, 2023 - 2030, USD Million
- TABLE 31 LAMEA Transportation & Logistics Market by Country, 2019 - 2022, Thousand Units
- TABLE 32 LAMEA Transportation & Logistics Market by Country, 2023 - 2030, Thousand Units
- TABLE 33 LAMEA Residential Market by Country, 2019 - 2022, USD Million
- TABLE 34 LAMEA Residential Market by Country, 2023 - 2030, USD Million
- TABLE 35 LAMEA Residential Market by Country, 2019 - 2022, Thousand Units
- TABLE 36 LAMEA Residential Market by Country, 2023 - 2030, Thousand Units
- TABLE 37 LAMEA Automotive Market by Country, 2019 - 2022, USD Million
- TABLE 38 LAMEA Automotive Market by Country, 2023 - 2030, USD Million
- TABLE 39 LAMEA Automotive Market by Country, 2019 - 2022, Thousand Units
- TABLE 40 LAMEA Automotive Market by Country, 2023 - 2030, Thousand Units
- TABLE 41 LAMEA BFSI Market by Country, 2019 - 2022, USD Million
- TABLE 42 LAMEA BFSI Market by Country, 2023 - 2030, USD Million
- TABLE 43 LAMEA BFSI Market by Country, 2019 - 2022, Thousand Units
- TABLE 44 LAMEA BFSI Market by Country, 2023 - 2030, Thousand Units
- TABLE 45 LAMEA Retail Market by Country, 2019 - 2022, USD Million
- TABLE 46 LAMEA Retail Market by Country, 2023 - 2030, USD Million
- TABLE 47 LAMEA Retail Market by Country, 2019 - 2022, Thousand Units
- TABLE 48 LAMEA Retail Market by Country, 2023 - 2030, Thousand Units
- TABLE 49 LAMEA Government & Others Market by Country, 2019 - 2022, USD Million
- TABLE 50 LAMEA Government & Others Market by Country, 2023 - 2030, USD Million
- TABLE 51 LAMEA Government & Others Market by Country, 2019 - 2022, Thousand Units
- TABLE 52 LAMEA Government & Others Market by Country, 2023 - 2030, Thousand Units
- TABLE 53 LAMEA RFID Locks Market by Country, 2019 - 2022, USD Million
- TABLE 54 LAMEA RFID Locks Market by Country, 2023 - 2030, USD Million
- TABLE 55 LAMEA RFID Locks Market by Country, 2019 - 2022, Thousand Units
- TABLE 56 LAMEA RFID Locks Market by Country, 2023 - 2030, Thousand Units
- TABLE 57 Brazil RFID Locks Market, 2019 - 2022, USD Million
- TABLE 58 Brazil RFID Locks Market, 2023 - 2030, USD Million
- TABLE 59 Brazil RFID Locks Market, 2019 - 2022, Thousand Units
- TABLE 60 Brazil RFID Locks Market, 2023 - 2030, Thousand Units
- TABLE 61 Brazil RFID Locks Market by Access Device, 2019 - 2022, USD Million
- TABLE 62 Brazil RFID Locks Market by Access Device, 2023 - 2030, USD Million
- TABLE 63 Brazil RFID Locks Market by Access Device, 2019 - 2022, Thousand Units
- TABLE 64 Brazil RFID Locks Market by Access Device, 2023 - 2030, Thousand Units
- TABLE 65 Brazil RFID Locks Market by Application, 2019 - 2022, USD Million
- TABLE 66 Brazil RFID Locks Market by Application, 2023 - 2030, USD Million
- TABLE 67 Brazil RFID Locks Market by Application, 2019 - 2022, Thousand Units
- TABLE 68 Brazil RFID Locks Market by Application, 2023 - 2030, Thousand Units
- TABLE 69 Argentina RFID Locks Market, 2019 - 2022, USD Million
- TABLE 70 Argentina RFID Locks Market, 2023 - 2030, USD Million
- TABLE 71 Argentina RFID Locks Market, 2019 - 2022, Thousand Units
- TABLE 72 Argentina RFID Locks Market, 2023 - 2030, Thousand Units
- TABLE 73 Argentina RFID Locks Market by Access Device, 2019 - 2022, USD Million
- TABLE 74 Argentina RFID Locks Market by Access Device, 2023 - 2030, USD Million
- TABLE 75 Argentina RFID Locks Market by Access Device, 2019 - 2022, Thousand Units
- TABLE 76 Argentina RFID Locks Market by Access Device, 2023 - 2030, Thousand Units
- TABLE 77 Argentina RFID Locks Market by Application, 2019 - 2022, USD Million
- TABLE 78 Argentina RFID Locks Market by Application, 2023 - 2030, USD Million
- TABLE 79 Argentina RFID Locks Market by Application, 2019 - 2022, Thousand Units
- TABLE 80 Argentina RFID Locks Market by Application, 2023 - 2030, Thousand Units
- TABLE 81 UAE RFID Locks Market, 2019 - 2022, USD Million
- TABLE 82 UAE RFID Locks Market, 2023 - 2030, USD Million
- TABLE 83 UAE RFID Locks Market, 2019 - 2022, Thousand Units
- TABLE 84 UAE RFID Locks Market, 2023 - 2030, Thousand Units
- TABLE 85 UAE RFID Locks Market by Access Device, 2019 - 2022, USD Million
- TABLE 86 UAE RFID Locks Market by Access Device, 2023 - 2030, USD Million
- TABLE 87 UAE RFID Locks Market by Access Device, 2019 - 2022, Thousand Units
- TABLE 88 UAE RFID Locks Market by Access Device, 2023 - 2030, Thousand Units
- TABLE 89 UAE RFID Locks Market by Application, 2019 - 2022, USD Million
- TABLE 90 UAE RFID Locks Market by Application, 2023 - 2030, USD Million
- TABLE 91 UAE RFID Locks Market by Application, 2019 - 2022, Thousand Units
- TABLE 92 UAE RFID Locks Market by Application, 2023 - 2030, Thousand Units
- TABLE 93 Saudi Arabia RFID Locks Market, 2019 - 2022, USD Million
- TABLE 94 Saudi Arabia RFID Locks Market, 2023 - 2030, USD Million
- TABLE 95 Saudi Arabia RFID Locks Market, 2019 - 2022, Thousand Units
- TABLE 96 Saudi Arabia RFID Locks Market, 2023 - 2030, Thousand Units
- TABLE 97 Saudi Arabia RFID Locks Market by Access Device, 2019 - 2022, USD Million
- TABLE 98 Saudi Arabia RFID Locks Market by Access Device, 2023 - 2030, USD Million
- TABLE 99 Saudi Arabia RFID Locks Market by Access Device, 2019 - 2022, Thousand Units
- TABLE 100 Saudi Arabia RFID Locks Market by Access Device, 2023 - 2030, Thousand Units
- TABLE 101 Saudi Arabia RFID Locks Market by Application, 2019 - 2022, USD Million
- TABLE 102 Saudi Arabia RFID Locks Market by Application, 2023 - 2030, USD Million
- TABLE 103 Saudi Arabia RFID Locks Market by Application, 2019 - 2022, Thousand Units
- TABLE 104 Saudi Arabia RFID Locks Market by Application, 2023 - 2030, Thousand Units
- TABLE 105 South Africa RFID Locks Market, 2019 - 2022, USD Million
- TABLE 106 South Africa RFID Locks Market, 2023 - 2030, USD Million
- TABLE 107 South Africa RFID Locks Market, 2019 - 2022, Thousand Units
- TABLE 108 South Africa RFID Locks Market, 2023 - 2030, Thousand Units
- TABLE 109 South Africa RFID Locks Market by Access Device, 2019 - 2022, USD Million
- TABLE 110 South Africa RFID Locks Market by Access Device, 2023 - 2030, USD Million
- TABLE 111 South Africa RFID Locks Market by Access Device, 2019 - 2022, Thousand Units
- TABLE 112 South Africa RFID Locks Market by Access Device, 2023 - 2030, Thousand Units
- TABLE 113 South Africa RFID Locks Market by Application, 2019 - 2022, USD Million
- TABLE 114 South Africa RFID Locks Market by Application, 2023 - 2030, USD Million
- TABLE 115 South Africa RFID Locks Market by Application, 2019 - 2022, Thousand Units
- TABLE 116 South Africa RFID Locks Market by Application, 2023 - 2030, Thousand Units
- TABLE 117 Nigeria RFID Locks Market, 2019 - 2022, USD Million
- TABLE 118 Nigeria RFID Locks Market, 2023 - 2030, USD Million
- TABLE 119 Nigeria RFID Locks Market, 2019 - 2022, Thousand Units
- TABLE 120 Nigeria RFID Locks Market, 2023 - 2030, Thousand Units
- TABLE 121 Nigeria RFID Locks Market by Access Device, 2019 - 2022, USD Million
- TABLE 122 Nigeria RFID Locks Market by Access Device, 2023 - 2030, USD Million
- TABLE 123 Nigeria RFID Locks Market by Access Device, 2019 - 2022, Thousand Units
- TABLE 124 Nigeria RFID Locks Market by Access Device, 2023 - 2030, Thousand Units
- TABLE 125 Nigeria RFID Locks Market by Application, 2019 - 2022, USD Million
- TABLE 126 Nigeria RFID Locks Market by Application, 2023 - 2030, USD Million
- TABLE 127 Nigeria RFID Locks Market by Application, 2019 - 2022, Thousand Units
- TABLE 128 Nigeria RFID Locks Market by Application, 2023 - 2030, Thousand Units
- TABLE 129 Rest of LAMEA RFID Locks Market, 2019 - 2022, USD Million
- TABLE 130 Rest of LAMEA RFID Locks Market, 2023 - 2030, USD Million
- TABLE 131 Rest of LAMEA RFID Locks Market, 2019 - 2022, Thousand Units
- TABLE 132 Rest of LAMEA RFID Locks Market, 2023 - 2030, Thousand Units
- TABLE 133 Rest of LAMEA RFID Locks Market by Access Device, 2019 - 2022, USD Million
- TABLE 134 Rest of LAMEA RFID Locks Market by Access Device, 2023 - 2030, USD Million
- TABLE 135 Rest of LAMEA RFID Locks Market by Access Device, 2019 - 2022, Thousand Units
- TABLE 136 Rest of LAMEA RFID Locks Market by Access Device, 2023 - 2030, Thousand Units
- TABLE 137 Rest of LAMEA RFID Locks Market by Application, 2019 - 2022, USD Million
- TABLE 138 Rest of LAMEA RFID Locks Market by Application, 2023 - 2030, USD Million
- TABLE 139 Rest of LAMEA RFID Locks Market by Application, 2019 - 2022, Thousand Units
- TABLE 140 Rest of LAMEA RFID Locks Market by Application, 2023 - 2030, Thousand Units
- TABLE 141 Key Information - Allegion PLC
- TABLE 142 Key Information - Fortune Marketing Pvt Ltd.
- TABLE 143 Key Information - Honeywell International, Inc.
- TABLE 144 Key Information - Siemens AG
- TABLE 145 Key Information - Assa Abloy AB
- TABLE 146 Key Information - Dormakaba Holding AG
- TABLE 147 Key Information - MIWA Lock Company, ltd.
- TABLE 148 Key Information - Dolphin RFID Pvt. Ltd.
- TABLE 149 Key Information - Salto Systems, S.L.
- TABLE 150 Key Information - Nestwell Technologies
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