The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Global Electronic Latches Market Research Report 2024
Synopsis
Electronic latches are devices that secure or release a mechanism electronically using electronic components and controls. They are an electronic alternative to traditional mechanical latches.
Electronic latches are commonly used in various applications, including access control systems, cabinets, lockers, and electronic locks. They provide secure and convenient locking mechanisms that can be controlled electronically, often integrated with other electronic systems for enhanced functionality.
Electronic latches can be operated by various electronic methods such as keycards, keypads, biometric scanners, or remote controls. They may also incorporate features such as time-based access, audit trails, and connectivity to a central control system.
The global Electronic Latches market was valued at US$ 1738 million in 2023 and is anticipated to reach US$ 2601 million by 2030, witnessing a CAGR of 5.9% during the forecast period 2024-2030.
The global electronic latches market has been experiencing steady growth in recent years. The increasing adoption of electronic locking systems, along with the growing need for enhanced security in various industries, has been driving the demand for electronic latches.
Factors contributing to the growth of the electronic latches market include:
Increasing Demand for Access Control Systems: The growing emphasis on security and the need for advanced access control systems have led to the increased adoption of electronic latches. Industries such as residential, commercial, healthcare, and industrial sectors are investing in electronic locking solutions to improve security and convenience.
Technological Advancements: Advancements in electronic components and automation technologies have led to the development of more efficient and advanced electronic latch systems. Features such as remote access control, integration with smart home/building systems, and wireless connectivity have expanded the capabilities and applications of electronic latches.
Industrial Automation: The automation of industrial processes and the need for secure equipment, cabinets, and enclosures have also contributed to the demand for electronic latches. These latches provide controlled access, ensuring the safety and security of sensitive machinery and equipment in manufacturing facilities and industrial settings.
Rising Demand for Smart Homes and IoT Integration: The increasing adoption of smart home technology and the integration of electronic locking systems with IoT-enabled devices have further driven the demand for electronic latches. These systems offer homeowners enhanced security, convenience, and remote access control capabilities.
Growing Industrialization in Emerging Economies: The rapid industrialization in emerging economies, such as China, India, and Brazil, has created significant opportunities for the electronic latches market. The need for advanced security systems in commercial buildings, manufacturing facilities, and infrastructure projects has fueled the demand for electronic locking solutions.
This report aims to provide a comprehensive presentation of the global market for Electronic Latches, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electronic Latches.
Report Scope
The Electronic Latches market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electronic Latches market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electronic Latches manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
TAI SAM CORPORATION
FATH GmbH
SDC
Kwikset
SOREX
Emtek Products, Inc.
Schlage
Alarm Lock
Dorsët
Adams Rite
Codelocks Inc
Segment by Type
Solenoid Latch
Magnetic Latch
Solenoid Bolt Latch
Others
Segment by Application
Residential Sector
Commercial Sector
Industrial Sector
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electronic Latches manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electronic Latches by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electronic Latches in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Electronic latches are devices that secure or release a mechanism electronically using electronic components and controls. They are an electronic alternative to traditional mechanical latches.
Electronic latches are commonly used in various applications, including access control systems, cabinets, lockers, and electronic locks. They provide secure and convenient locking mechanisms that can be controlled electronically, often integrated with other electronic systems for enhanced functionality.
Electronic latches can be operated by various electronic methods such as keycards, keypads, biometric scanners, or remote controls. They may also incorporate features such as time-based access, audit trails, and connectivity to a central control system.
The global Electronic Latches market was valued at US$ 1738 million in 2023 and is anticipated to reach US$ 2601 million by 2030, witnessing a CAGR of 5.9% during the forecast period 2024-2030.
The global electronic latches market has been experiencing steady growth in recent years. The increasing adoption of electronic locking systems, along with the growing need for enhanced security in various industries, has been driving the demand for electronic latches.
Factors contributing to the growth of the electronic latches market include:
Increasing Demand for Access Control Systems: The growing emphasis on security and the need for advanced access control systems have led to the increased adoption of electronic latches. Industries such as residential, commercial, healthcare, and industrial sectors are investing in electronic locking solutions to improve security and convenience.
Technological Advancements: Advancements in electronic components and automation technologies have led to the development of more efficient and advanced electronic latch systems. Features such as remote access control, integration with smart home/building systems, and wireless connectivity have expanded the capabilities and applications of electronic latches.
Industrial Automation: The automation of industrial processes and the need for secure equipment, cabinets, and enclosures have also contributed to the demand for electronic latches. These latches provide controlled access, ensuring the safety and security of sensitive machinery and equipment in manufacturing facilities and industrial settings.
Rising Demand for Smart Homes and IoT Integration: The increasing adoption of smart home technology and the integration of electronic locking systems with IoT-enabled devices have further driven the demand for electronic latches. These systems offer homeowners enhanced security, convenience, and remote access control capabilities.
Growing Industrialization in Emerging Economies: The rapid industrialization in emerging economies, such as China, India, and Brazil, has created significant opportunities for the electronic latches market. The need for advanced security systems in commercial buildings, manufacturing facilities, and infrastructure projects has fueled the demand for electronic locking solutions.
This report aims to provide a comprehensive presentation of the global market for Electronic Latches, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electronic Latches.
Report Scope
The Electronic Latches market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electronic Latches market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electronic Latches manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
TAI SAM CORPORATION
FATH GmbH
SDC
Kwikset
SOREX
Emtek Products, Inc.
Schlage
Alarm Lock
Dorsët
Adams Rite
Codelocks Inc
Segment by Type
Solenoid Latch
Magnetic Latch
Solenoid Bolt Latch
Others
Segment by Application
Residential Sector
Commercial Sector
Industrial Sector
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electronic Latches manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electronic Latches by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electronic Latches in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Electronic Latches Market Overview
1.1 Product Definition
1.2 Electronic Latches Segment by Type
1.2.1 Global Electronic Latches Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Solenoid Latch
1.2.3 Magnetic Latch
1.2.4 Solenoid Bolt Latch
1.2.5 Others
1.3 Electronic Latches Segment by Application
1.3.1 Global Electronic Latches Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential Sector
1.3.3 Commercial Sector
1.3.4 Industrial Sector
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Electronic Latches Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Electronic Latches Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Electronic Latches Production Estimates and Forecasts (2019-2030)
1.4.4 Global Electronic Latches Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Electronic Latches Production Market Share by Manufacturers (2019-2024)
2.2 Global Electronic Latches Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Electronic Latches, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Electronic Latches Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Electronic Latches Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Electronic Latches, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Electronic Latches, Product Offered and Application
2.8 Global Key Manufacturers of Electronic Latches, Date of Enter into This Industry
2.9 Electronic Latches Market Competitive Situation and Trends
2.9.1 Electronic Latches Market Concentration Rate
2.9.2 Global 5 and 10 Largest Electronic Latches Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Electronic Latches Production by Region
3.1 Global Electronic Latches Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Electronic Latches Production Value by Region (2019-2030)
3.2.1 Global Electronic Latches Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Electronic Latches by Region (2025-2030)
3.3 Global Electronic Latches Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Electronic Latches Production by Region (2019-2030)
3.4.1 Global Electronic Latches Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Electronic Latches by Region (2025-2030)
3.5 Global Electronic Latches Market Price Analysis by Region (2019-2024)
3.6 Global Electronic Latches Production and Value, Year-over-Year Growth
3.6.1 North America Electronic Latches Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Electronic Latches Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Electronic Latches Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Electronic Latches Production Value Estimates and Forecasts (2019-2030)
4 Electronic Latches Consumption by Region
4.1 Global Electronic Latches Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Electronic Latches Consumption by Region (2019-2030)
4.2.1 Global Electronic Latches Consumption by Region (2019-2024)
4.2.2 Global Electronic Latches Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Electronic Latches Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Electronic Latches Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Electronic Latches Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Electronic Latches Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Electronic Latches Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Electronic Latches Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Electronic Latches Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Electronic Latches Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Electronic Latches Production by Type (2019-2030)
5.1.1 Global Electronic Latches Production by Type (2019-2024)
5.1.2 Global Electronic Latches Production by Type (2025-2030)
5.1.3 Global Electronic Latches Production Market Share by Type (2019-2030)
5.2 Global Electronic Latches Production Value by Type (2019-2030)
5.2.1 Global Electronic Latches Production Value by Type (2019-2024)
5.2.2 Global Electronic Latches Production Value by Type (2025-2030)
5.2.3 Global Electronic Latches Production Value Market Share by Type (2019-2030)
5.3 Global Electronic Latches Price by Type (2019-2030)
6 Segment by Application
6.1 Global Electronic Latches Production by Application (2019-2030)
6.1.1 Global Electronic Latches Production by Application (2019-2024)
6.1.2 Global Electronic Latches Production by Application (2025-2030)
6.1.3 Global Electronic Latches Production Market Share by Application (2019-2030)
6.2 Global Electronic Latches Production Value by Application (2019-2030)
6.2.1 Global Electronic Latches Production Value by Application (2019-2024)
6.2.2 Global Electronic Latches Production Value by Application (2025-2030)
6.2.3 Global Electronic Latches Production Value Market Share by Application (2019-2030)
6.3 Global Electronic Latches Price by Application (2019-2030)
7 Key Companies Profiled
7.1 TAI SAM CORPORATION
7.1.1 TAI SAM CORPORATION Electronic Latches Corporation Information
7.1.2 TAI SAM CORPORATION Electronic Latches Product Portfolio
7.1.3 TAI SAM CORPORATION Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.1.4 TAI SAM CORPORATION Main Business and Markets Served
7.1.5 TAI SAM CORPORATION Recent Developments/Updates
7.2 FATH GmbH
7.2.1 FATH GmbH Electronic Latches Corporation Information
7.2.2 FATH GmbH Electronic Latches Product Portfolio
7.2.3 FATH GmbH Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.2.4 FATH GmbH Main Business and Markets Served
7.2.5 FATH GmbH Recent Developments/Updates
7.3 SDC
7.3.1 SDC Electronic Latches Corporation Information
7.3.2 SDC Electronic Latches Product Portfolio
7.3.3 SDC Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.3.4 SDC Main Business and Markets Served
7.3.5 SDC Recent Developments/Updates
7.4 Kwikset
7.4.1 Kwikset Electronic Latches Corporation Information
7.4.2 Kwikset Electronic Latches Product Portfolio
7.4.3 Kwikset Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Kwikset Main Business and Markets Served
7.4.5 Kwikset Recent Developments/Updates
7.5 SOREX
7.5.1 SOREX Electronic Latches Corporation Information
7.5.2 SOREX Electronic Latches Product Portfolio
7.5.3 SOREX Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.5.4 SOREX Main Business and Markets Served
7.5.5 SOREX Recent Developments/Updates
7.6 Emtek Products, Inc.
7.6.1 Emtek Products, Inc. Electronic Latches Corporation Information
7.6.2 Emtek Products, Inc. Electronic Latches Product Portfolio
7.6.3 Emtek Products, Inc. Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Emtek Products, Inc. Main Business and Markets Served
7.6.5 Emtek Products, Inc. Recent Developments/Updates
7.7 Schlage
7.7.1 Schlage Electronic Latches Corporation Information
7.7.2 Schlage Electronic Latches Product Portfolio
7.7.3 Schlage Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Schlage Main Business and Markets Served
7.7.5 Schlage Recent Developments/Updates
7.8 Alarm Lock
7.8.1 Alarm Lock Electronic Latches Corporation Information
7.8.2 Alarm Lock Electronic Latches Product Portfolio
7.8.3 Alarm Lock Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Alarm Lock Main Business and Markets Served
7.7.5 Alarm Lock Recent Developments/Updates
7.9 Dorsët
7.9.1 Dorsët Electronic Latches Corporation Information
7.9.2 Dorsët Electronic Latches Product Portfolio
7.9.3 Dorsët Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Dorsët Main Business and Markets Served
7.9.5 Dorsët Recent Developments/Updates
7.10 Adams Rite
7.10.1 Adams Rite Electronic Latches Corporation Information
7.10.2 Adams Rite Electronic Latches Product Portfolio
7.10.3 Adams Rite Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Adams Rite Main Business and Markets Served
7.10.5 Adams Rite Recent Developments/Updates
7.11 Codelocks Inc
7.11.1 Codelocks Inc Electronic Latches Corporation Information
7.11.2 Codelocks Inc Electronic Latches Product Portfolio
7.11.3 Codelocks Inc Electronic Latches Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Codelocks Inc Main Business and Markets Served
7.11.5 Codelocks Inc Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Electronic Latches Industry Chain Analysis
8.2 Electronic Latches Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Electronic Latches Production Mode & Process
8.4 Electronic Latches Sales and Marketing
8.4.1 Electronic Latches Sales Channels
8.4.2 Electronic Latches Distributors
8.5 Electronic Latches Customers
9 Electronic Latches Market Dynamics
9.1 Electronic Latches Industry Trends
9.2 Electronic Latches Market Drivers
9.3 Electronic Latches Market Challenges
9.4 Electronic Latches Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest IT & Electronics Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
