The North America RFID Locks Market would witness market growth of 15% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 7077.2 thousand units, showcasing a growth of 14.4% (2019-2022).
RFID locks have found extensive applications in securing commercial and residential properties. These locks provide a higher security level than traditional locks, as they are not susceptible to picking or bumping. Residential smart locks equipped with RFID technology offer homeowners a convenient and secure way to manage access to their homes. The hospitality sector has embraced RFID locks for hotel rooms, offering guests a seamless and secure entry experience. RFID key cards have replaced traditional metal keys, providing guests contactless access to their rooms. Also, hotel staff can easily manage and monitor room access, enhancing security.
In healthcare settings, where security and access control are paramount, RFID locks restrict access to sensitive areas such as laboratories, pharmacies, and patient rooms. RFID technology integration enhances the efficiency of managing access permissions for healthcare professionals and staff. Corporations utilize RFID locks to secure offices, conference rooms, and other restricted areas. RFID access control systems efficiently manage employee access, track attendance, and enhance workplace security.
North America places a high priority on security, both in residential and commercial settings. The healthcare sector in North America has adopted RFID locks to enhance security in hospitals, clinics, and research facilities. RFID technology allows controlled access to areas containing sensitive patient information, pharmaceuticals, and medical equipment. As a result, these aspects will boost the market growth in the coming years.
The US market dominated the North America RFID Locks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,154.8 million by 2030. The Canada market is experiencing a CAGR of 17.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 16.6% during (2023 - 2030).
Free Valuable Insights: The RFID Locks Market is Predict to reach $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 U.S., Mexico, Canada, and Rest of North America.
By Access Device (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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