According to a market report by Lucintel, the future of the global biometrics locks market looks promising with opportunities in the residential and non-residential markets. The global biometrics locks market is expected to grow with a CAGR of 17% from 2025 to 2031. The major drivers for this market are the growing sophistication of biometric technology, rising regulations surrounding data security, and increase in technological advancement.
A more
than 150-page report to understand trends, opportunity and forecast in
biometrics locks market to 2031 by type (fingerprint recognition, face
recognition, and iris recognition), application (residential and
non-residential), and region (North America, Europe, Asia Pacific, and the Rest
of the World).
Lucintel forecasts
that, within the type category, fingerprint recognition is expected to witness
the highest growth over the forecast period.
Within the
application category, non-residential is expected to witness the higher growth.
Download
sample by clicking on biometrics locks
market.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Assa
Abloy, Samsung Digital Life, Dormakaba Group, Stone Lock, Adel Locks, Tapplock
Corp., Allegion, Westinghouse Security, Itouchless, Anviz Global are the major
suppliers in the biometrics
locks market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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