The tourism industry in Asia-Pacific (APAC) countries like China, India, Indonesia,and Thailand is on the rise leading to tourism infrastructure development. Among the countries in APAC, China is leading in terms of room construction. As the hospitality industry in the region is growing, vendors will look for innovative products to offer better guest experience in terms of design. Therefore, new

technology based RFID locks are expected to register the highest growth in the region.Manufacturers of RFID lock are continuously investing in the integration of RFIDbased electronic locks to mobile access solutions. With the proliferation of smartphones, consumers would want to access door locks with the help of mobile devices. As RFID locks provide an enhanced experience to access the property

with the help of mobile devices, the demand of the RFID locks is set to increase.The construction industry is driving the demand for RFID locks. It creates a demand for new locks to be installed directly into new buildings and also create a demand for retrofitting. However, manufacturers are struggling with increased competition in the market and declining prices of RFID locks.

PART 01: Executive summary ............................................ 6

Highlights 6

PART 02: Scope of the report ............................................. 7

Market overview 7

Vendor segmentation 8

Top-vendor offerings 8

PART 03: Market research methodology ........................... 9

Research methodology 9

Economic indicators 9

PART 04: Introduction ....................................................... 10

Key market highlights 10

PART 05: RFID technology landscape ............................. 12

Components of an RFID system 12

RFID systems supply chain 20

RFID value chain 21

Regulations and policies 22

Regulatory agencies and compliance requirements 24

PART 06: Market landscape .............................................. 25

Market overview 25

Global electronic lock market 26

Global RFID lock market 28

Five forces analysis 30

PART 07: Geographical segmentation ............................. 31

Global RFID lock market by geography 31

RFID lock market North America 32

RFID lock market in Europe 35

RFID lock market in APAC 36

RFID lock market in ROW 38

PART 08: Market drivers ................................................... 40

Growing construction industry in APAC 40

Increasing demand for access control systems with NFC

technology 41

Growing hospitality industry 41

PART 09: Impact of drivers ............................................... 42

PART 10: Market challenges ............................................. 43

Slow adoption rate of technologically advanced RFID

locks 43

Threat of substitutes such as biometric and smart card 43

High installation cost 44

PART 11: Impact of drivers and challenges .................... 47

PART 12: Market trends .................................................... 48

Integration of RFID locks with mobile access solution 48

Emergence of smart locks with technology like BLE,

NFC, and RFID 48

Growing demand for RFID-based furniture locks 49

PART 13: Vendor landscape ............................................. 50

Competitive benchmarking 50

Other prominent vendors 50

PART 14: Key vendor analysis ......................................... 53

ASSA ABLOY Hospitality 53

dormakaba 54

MIWA Lock 57

Samsung 58

PART 15: Appendix ........................................................... 60

List of abbreviations 60

PART 16: Explore Technavio ............................................ 61