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).
Free Valuable Insights: The Worldwide RFID Locks Market is Projected to reach USD 13.6 Billion by 2030, at a CAGR of 15.5%
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 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
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA RFID Locks Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting RFID Locks Market
FIG 4 Porter’s Five Forces Analysis – RFID Locks market
FIG 5 LAMEA RFID Locks Market share by Access Device, 2022
FIG 6 LAMEA RFID Locks Market share by Access Device, 2030
FIG 7 LAMEA RFID Locks Market by Access Device, 2019 - 2030, USD Million
FIG 8 LAMEA RFID Locks Market share by Application, 2022
FIG 9 LAMEA RFID Locks Market share by Application, 2030
FIG 10 LAMEA RFID Locks Market by Application, 2019 - 2030, USD Million
FIG 11 LAMEA RFID Locks Market share by Country, 2022
FIG 12 LAMEA RFID Locks Market share by Country, 2030
FIG 13 LAMEA RFID Locks Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Allegion PLC
FIG 15 SWOT Analysis: Honeywell international, inc.
FIG 16 SWOT Analysis: Siemens AG
FIG 17 Recent strategies and developments: Assa Abloy AB
FIG 18 SWOT Analysis: Assa Abloy AB
FIG 19 Swot Analysis: Dormakaba Holding AG