Global Hotel Lock Market Size, Share Demand Report By Product Type (Mechanical, Electronic Card, RFID, Mobile-Based/Smartphone, Biometric, Keypad/Pin Code), By Technology (Magnetic Stripe, RFID/NFC, BLE, Biometric, Cloud-Based/IoT), By End-Use (Luxury, Mid-Range, Budget, Resorts & Villas, Boutique & Lifestyle), By Distribution Channel & Region Forecasts, 2025-2030

Report Code: RI571PUB
Last Updated : September, 2025
Author : Anna Morgan

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Hotel Lock Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Hotel Lock Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Hotel Lock Market , By Product Type
    1. Introduction
      1. Market Size and Forecast, By Product Type
    2. Mechanical Locks
      1. Market Size and Forecast, By Region
    3. Electronic Card Locks
      1. Market Size and Forecast, By Region
    4. RFID Locks
      1. Market Size and Forecast, By Region
    5. Mobile-Based/Smartphone Locks
      1. Market Size and Forecast, By Region
    6. Biometric Locks
      1. Market Size and Forecast, By Region
    7. Keypad/Pin Code Locks
      1. Market Size and Forecast, By Region
  10. Hotel Lock Market , By Technology
    1. Introduction
      1. Market Size and Forecast, By Technology
    2. Magnetic Stripe Technology
      1. Market Size and Forecast, By Region
    3. RFID/NFC Technology
      1. Market Size and Forecast, By Region
    4. Bluetooth Low Energy (BLE) Technology
      1. Market Size and Forecast, By Region
    5. Biometric Recognition Systems (Fingerprint, Facial)
      1. Market Size and Forecast, By Region
    6. Cloud-Based/IoT Integrated Systems
      1. Market Size and Forecast, By Region
  11. Hotel Lock Market , By End-Use (Hotel Category)
    1. Introduction
      1. Market Size and Forecast, By End-Use (Hotel Category)
    2. Luxury Hotels (5-Star and Above)
      1. Market Size and Forecast, By Region
    3. Mid-Range Hotels (3-4 Star)
      1. Market Size and Forecast, By Region
    4. Budget Hotels (1-2 Star, Hostels, Motels)
      1. Market Size and Forecast, By Region
    5. Resorts & Villas
      1. Market Size and Forecast, By Region
    6. Boutique & Lifestyle Hotels
      1. Market Size and Forecast, By Region
  12. Hotel Lock Market , By Distribution Channel
    1. Introduction
      1. Market Size and Forecast, By Distribution Channel
    2. Direct Sales (Hotel Chains, Hospitality Groups)
      1. Market Size and Forecast, By Region
    3. OEMs (Original Equipment Manufacturers)
      1. Market Size and Forecast, By Region
    4. Online Platforms (B2B Portals, E-Commerce)
      1. Market Size and Forecast, By Region
    5. System Integrators & Contractors
      1. Market Size and Forecast, By Region
  13. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. By Product Type
          1. Mechanical Locks
            1. Electronic Card Locks
              1. RFID Locks
                1. Mobile-Based/Smartphone Locks
                  1. Biometric Locks
                    1. Keypad/Pin Code Locks
                    2. By Technology
                      1. Magnetic Stripe Technology
                        1. RFID/NFC Technology
                          1. Bluetooth Low Energy (BLE) Technology
                            1. Biometric Recognition Systems (Fingerprint, Facial)
                              1. Cloud-Based/IoT Integrated Systems
                              2. By End-Use (Hotel Category)
                                1. Luxury Hotels (5-Star and Above)
                                  1. Mid-Range Hotels (3-4 Star)
                                    1. Budget Hotels (1-2 Star, Hostels, Motels)
                                      1. Resorts & Villas
                                        1. Boutique & Lifestyle Hotels
                                        2. By Distribution Channel
                                          1. Direct Sales (Hotel Chains, Hospitality Groups)
                                            1. OEMs (Original Equipment Manufacturers)
                                              1. Online Platforms (B2B Portals, E-Commerce)
                                                1. System Integrators & Contractors
                                              2. U.S.
                                                1. By Product Type
                                                  1. Mechanical Locks
                                                    1. Electronic Card Locks
                                                      1. RFID Locks
                                                        1. Mobile-Based/Smartphone Locks
                                                          1. Biometric Locks
                                                            1. Keypad/Pin Code Locks
                                                            2. By Technology
                                                              1. Magnetic Stripe Technology
                                                                1. RFID/NFC Technology
                                                                  1. Bluetooth Low Energy (BLE) Technology
                                                                    1. Biometric Recognition Systems (Fingerprint, Facial)
                                                                      1. Cloud-Based/IoT Integrated Systems
                                                                      2. By End-Use (Hotel Category)
                                                                        1. Luxury Hotels (5-Star and Above)
                                                                          1. Mid-Range Hotels (3-4 Star)
                                                                            1. Budget Hotels (1-2 Star, Hostels, Motels)
                                                                              1. Resorts & Villas
                                                                                1. Boutique & Lifestyle Hotels
                                                                                2. By Distribution Channel
                                                                                  1. Direct Sales (Hotel Chains, Hospitality Groups)
                                                                                    1. OEMs (Original Equipment Manufacturers)
                                                                                      1. Online Platforms (B2B Portals, E-Commerce)
                                                                                        1. System Integrators & Contractors
                                                                                      2. Canada
                                                                                    2. Europe
                                                                                      1. Market Size and Forecast
                                                                                        1. By Product Type
                                                                                          1. Mechanical Locks
                                                                                            1. Electronic Card Locks
                                                                                              1. RFID Locks
                                                                                                1. Mobile-Based/Smartphone Locks
                                                                                                  1. Biometric Locks
                                                                                                    1. Keypad/Pin Code Locks
                                                                                                    2. By Technology
                                                                                                      1. Magnetic Stripe Technology
                                                                                                        1. RFID/NFC Technology
                                                                                                          1. Bluetooth Low Energy (BLE) Technology
                                                                                                            1. Biometric Recognition Systems (Fingerprint, Facial)
                                                                                                              1. Cloud-Based/IoT Integrated Systems
                                                                                                              2. By End-Use (Hotel Category)
                                                                                                                1. Luxury Hotels (5-Star and Above)
                                                                                                                  1. Mid-Range Hotels (3-4 Star)
                                                                                                                    1. Budget Hotels (1-2 Star, Hostels, Motels)
                                                                                                                      1. Resorts & Villas
                                                                                                                        1. Boutique & Lifestyle Hotels
                                                                                                                        2. By Distribution Channel
                                                                                                                          1. Direct Sales (Hotel Chains, Hospitality Groups)
                                                                                                                            1. OEMs (Original Equipment Manufacturers)
                                                                                                                              1. Online Platforms (B2B Portals, E-Commerce)
                                                                                                                                1. System Integrators & Contractors
                                                                                                                              2. U.K.
                                                                                                                                1. By Product Type
                                                                                                                                  1. Mechanical Locks
                                                                                                                                    1. Electronic Card Locks
                                                                                                                                      1. RFID Locks
                                                                                                                                        1. Mobile-Based/Smartphone Locks
                                                                                                                                          1. Biometric Locks
                                                                                                                                            1. Keypad/Pin Code Locks
                                                                                                                                            2. By Technology
                                                                                                                                              1. Magnetic Stripe Technology
                                                                                                                                                1. RFID/NFC Technology
                                                                                                                                                  1. Bluetooth Low Energy (BLE) Technology
                                                                                                                                                    1. Biometric Recognition Systems (Fingerprint, Facial)
                                                                                                                                                      1. Cloud-Based/IoT Integrated Systems
                                                                                                                                                      2. By End-Use (Hotel Category)
                                                                                                                                                        1. Luxury Hotels (5-Star and Above)
                                                                                                                                                          1. Mid-Range Hotels (3-4 Star)
                                                                                                                                                            1. Budget Hotels (1-2 Star, Hostels, Motels)
                                                                                                                                                              1. Resorts & Villas
                                                                                                                                                                1. Boutique & Lifestyle Hotels
                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                  1. Direct Sales (Hotel Chains, Hospitality Groups)
                                                                                                                                                                    1. OEMs (Original Equipment Manufacturers)
                                                                                                                                                                      1. Online Platforms (B2B Portals, E-Commerce)
                                                                                                                                                                        1. System Integrators & Contractors
                                                                                                                                                                      2. Germany
                                                                                                                                                                      3. France
                                                                                                                                                                      4. Spain
                                                                                                                                                                      5. Italy
                                                                                                                                                                      6. Russia
                                                                                                                                                                      7. Nordic
                                                                                                                                                                      8. Benelux
                                                                                                                                                                      9. Rest of Europe
                                                                                                                                                                    2. APAC
                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                        1. By Product Type
                                                                                                                                                                          1. Mechanical Locks
                                                                                                                                                                            1. Electronic Card Locks
                                                                                                                                                                              1. RFID Locks
                                                                                                                                                                                1. Mobile-Based/Smartphone Locks
                                                                                                                                                                                  1. Biometric Locks
                                                                                                                                                                                    1. Keypad/Pin Code Locks
                                                                                                                                                                                    2. By Technology
                                                                                                                                                                                      1. Magnetic Stripe Technology
                                                                                                                                                                                        1. RFID/NFC Technology
                                                                                                                                                                                          1. Bluetooth Low Energy (BLE) Technology
                                                                                                                                                                                            1. Biometric Recognition Systems (Fingerprint, Facial)
                                                                                                                                                                                              1. Cloud-Based/IoT Integrated Systems
                                                                                                                                                                                              2. By End-Use (Hotel Category)
                                                                                                                                                                                                1. Luxury Hotels (5-Star and Above)
                                                                                                                                                                                                  1. Mid-Range Hotels (3-4 Star)
                                                                                                                                                                                                    1. Budget Hotels (1-2 Star, Hostels, Motels)
                                                                                                                                                                                                      1. Resorts & Villas
                                                                                                                                                                                                        1. Boutique & Lifestyle Hotels
                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                          1. Direct Sales (Hotel Chains, Hospitality Groups)
                                                                                                                                                                                                            1. OEMs (Original Equipment Manufacturers)
                                                                                                                                                                                                              1. Online Platforms (B2B Portals, E-Commerce)
                                                                                                                                                                                                                1. System Integrators & Contractors
                                                                                                                                                                                                              2. China
                                                                                                                                                                                                                1. By Product Type
                                                                                                                                                                                                                  1. Mechanical Locks
                                                                                                                                                                                                                    1. Electronic Card Locks
                                                                                                                                                                                                                      1. RFID Locks
                                                                                                                                                                                                                        1. Mobile-Based/Smartphone Locks
                                                                                                                                                                                                                          1. Biometric Locks
                                                                                                                                                                                                                            1. Keypad/Pin Code Locks
                                                                                                                                                                                                                            2. By Technology
                                                                                                                                                                                                                              1. Magnetic Stripe Technology
                                                                                                                                                                                                                                1. RFID/NFC Technology
                                                                                                                                                                                                                                  1. Bluetooth Low Energy (BLE) Technology
                                                                                                                                                                                                                                    1. Biometric Recognition Systems (Fingerprint, Facial)
                                                                                                                                                                                                                                      1. Cloud-Based/IoT Integrated Systems
                                                                                                                                                                                                                                      2. By End-Use (Hotel Category)
                                                                                                                                                                                                                                        1. Luxury Hotels (5-Star and Above)
                                                                                                                                                                                                                                          1. Mid-Range Hotels (3-4 Star)
                                                                                                                                                                                                                                            1. Budget Hotels (1-2 Star, Hostels, Motels)
                                                                                                                                                                                                                                              1. Resorts & Villas
                                                                                                                                                                                                                                                1. Boutique & Lifestyle Hotels
                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                  1. Direct Sales (Hotel Chains, Hospitality Groups)
                                                                                                                                                                                                                                                    1. OEMs (Original Equipment Manufacturers)
                                                                                                                                                                                                                                                      1. Online Platforms (B2B Portals, E-Commerce)
                                                                                                                                                                                                                                                        1. System Integrators & Contractors
                                                                                                                                                                                                                                                      2. Korea
                                                                                                                                                                                                                                                      3. Japan
                                                                                                                                                                                                                                                      4. India
                                                                                                                                                                                                                                                      5. Australia
                                                                                                                                                                                                                                                      6. Singapore
                                                                                                                                                                                                                                                      7. Taiwan
                                                                                                                                                                                                                                                      8. South East Asia
                                                                                                                                                                                                                                                      9. Rest of Asia-Pacific
                                                                                                                                                                                                                                                    2. Middle East and Africa
                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                        1. By Product Type
                                                                                                                                                                                                                                                          1. Mechanical Locks
                                                                                                                                                                                                                                                            1. Electronic Card Locks
                                                                                                                                                                                                                                                              1. RFID Locks
                                                                                                                                                                                                                                                                1. Mobile-Based/Smartphone Locks
                                                                                                                                                                                                                                                                  1. Biometric Locks
                                                                                                                                                                                                                                                                    1. Keypad/Pin Code Locks
                                                                                                                                                                                                                                                                    2. By Technology
                                                                                                                                                                                                                                                                      1. Magnetic Stripe Technology
                                                                                                                                                                                                                                                                        1. RFID/NFC Technology
                                                                                                                                                                                                                                                                          1. Bluetooth Low Energy (BLE) Technology
                                                                                                                                                                                                                                                                            1. Biometric Recognition Systems (Fingerprint, Facial)
                                                                                                                                                                                                                                                                              1. Cloud-Based/IoT Integrated Systems
                                                                                                                                                                                                                                                                              2. By End-Use (Hotel Category)
                                                                                                                                                                                                                                                                                1. Luxury Hotels (5-Star and Above)
                                                                                                                                                                                                                                                                                  1. Mid-Range Hotels (3-4 Star)
                                                                                                                                                                                                                                                                                    1. Budget Hotels (1-2 Star, Hostels, Motels)
                                                                                                                                                                                                                                                                                      1. Resorts & Villas
                                                                                                                                                                                                                                                                                        1. Boutique & Lifestyle Hotels
                                                                                                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                                                                                                          1. Direct Sales (Hotel Chains, Hospitality Groups)
                                                                                                                                                                                                                                                                                            1. OEMs (Original Equipment Manufacturers)
                                                                                                                                                                                                                                                                                              1. Online Platforms (B2B Portals, E-Commerce)
                                                                                                                                                                                                                                                                                                1. System Integrators & Contractors
                                                                                                                                                                                                                                                                                              2. UAE
                                                                                                                                                                                                                                                                                                1. By Product Type
                                                                                                                                                                                                                                                                                                  1. Mechanical Locks
                                                                                                                                                                                                                                                                                                    1. Electronic Card Locks
                                                                                                                                                                                                                                                                                                      1. RFID Locks
                                                                                                                                                                                                                                                                                                        1. Mobile-Based/Smartphone Locks
                                                                                                                                                                                                                                                                                                          1. Biometric Locks
                                                                                                                                                                                                                                                                                                            1. Keypad/Pin Code Locks
                                                                                                                                                                                                                                                                                                            2. By Technology
                                                                                                                                                                                                                                                                                                              1. Magnetic Stripe Technology
                                                                                                                                                                                                                                                                                                                1. RFID/NFC Technology
                                                                                                                                                                                                                                                                                                                  1. Bluetooth Low Energy (BLE) Technology
                                                                                                                                                                                                                                                                                                                    1. Biometric Recognition Systems (Fingerprint, Facial)
                                                                                                                                                                                                                                                                                                                      1. Cloud-Based/IoT Integrated Systems
                                                                                                                                                                                                                                                                                                                      2. By End-Use (Hotel Category)
                                                                                                                                                                                                                                                                                                                        1. Luxury Hotels (5-Star and Above)
                                                                                                                                                                                                                                                                                                                          1. Mid-Range Hotels (3-4 Star)
                                                                                                                                                                                                                                                                                                                            1. Budget Hotels (1-2 Star, Hostels, Motels)
                                                                                                                                                                                                                                                                                                                              1. Resorts & Villas
                                                                                                                                                                                                                                                                                                                                1. Boutique & Lifestyle Hotels
                                                                                                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                  1. Direct Sales (Hotel Chains, Hospitality Groups)
                                                                                                                                                                                                                                                                                                                                    1. OEMs (Original Equipment Manufacturers)
                                                                                                                                                                                                                                                                                                                                      1. Online Platforms (B2B Portals, E-Commerce)
                                                                                                                                                                                                                                                                                                                                        1. System Integrators & Contractors
                                                                                                                                                                                                                                                                                                                                      2. Turky
                                                                                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                                                                                                        1. By Product Type
                                                                                                                                                                                                                                                                                                                                          1. Mechanical Locks
                                                                                                                                                                                                                                                                                                                                            1. Electronic Card Locks
                                                                                                                                                                                                                                                                                                                                              1. RFID Locks
                                                                                                                                                                                                                                                                                                                                                1. Mobile-Based/Smartphone Locks
                                                                                                                                                                                                                                                                                                                                                  1. Biometric Locks
                                                                                                                                                                                                                                                                                                                                                    1. Keypad/Pin Code Locks
                                                                                                                                                                                                                                                                                                                                                    2. By Technology
                                                                                                                                                                                                                                                                                                                                                      1. Magnetic Stripe Technology
                                                                                                                                                                                                                                                                                                                                                        1. RFID/NFC Technology
                                                                                                                                                                                                                                                                                                                                                          1. Bluetooth Low Energy (BLE) Technology
                                                                                                                                                                                                                                                                                                                                                            1. Biometric Recognition Systems (Fingerprint, Facial)
                                                                                                                                                                                                                                                                                                                                                              1. Cloud-Based/IoT Integrated Systems
                                                                                                                                                                                                                                                                                                                                                              2. By End-Use (Hotel Category)
                                                                                                                                                                                                                                                                                                                                                                1. Luxury Hotels (5-Star and Above)
                                                                                                                                                                                                                                                                                                                                                                  1. Mid-Range Hotels (3-4 Star)
                                                                                                                                                                                                                                                                                                                                                                    1. Budget Hotels (1-2 Star, Hostels, Motels)
                                                                                                                                                                                                                                                                                                                                                                      1. Resorts & Villas
                                                                                                                                                                                                                                                                                                                                                                        1. Boutique & Lifestyle Hotels
                                                                                                                                                                                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                          1. Direct Sales (Hotel Chains, Hospitality Groups)
                                                                                                                                                                                                                                                                                                                                                                            1. OEMs (Original Equipment Manufacturers)
                                                                                                                                                                                                                                                                                                                                                                              1. Online Platforms (B2B Portals, E-Commerce)
                                                                                                                                                                                                                                                                                                                                                                                1. System Integrators & Contractors
                                                                                                                                                                                                                                                                                                                                                                              2. Brazil
                                                                                                                                                                                                                                                                                                                                                                                1. By Product Type
                                                                                                                                                                                                                                                                                                                                                                                  1. Mechanical Locks
                                                                                                                                                                                                                                                                                                                                                                                    1. Electronic Card Locks
                                                                                                                                                                                                                                                                                                                                                                                      1. RFID Locks
                                                                                                                                                                                                                                                                                                                                                                                        1. Mobile-Based/Smartphone Locks
                                                                                                                                                                                                                                                                                                                                                                                          1. Biometric Locks
                                                                                                                                                                                                                                                                                                                                                                                            1. Keypad/Pin Code Locks
                                                                                                                                                                                                                                                                                                                                                                                            2. By Technology
                                                                                                                                                                                                                                                                                                                                                                                              1. Magnetic Stripe Technology
                                                                                                                                                                                                                                                                                                                                                                                                1. RFID/NFC Technology
                                                                                                                                                                                                                                                                                                                                                                                                  1. Bluetooth Low Energy (BLE) Technology
                                                                                                                                                                                                                                                                                                                                                                                                    1. Biometric Recognition Systems (Fingerprint, Facial)
                                                                                                                                                                                                                                                                                                                                                                                                      1. Cloud-Based/IoT Integrated Systems
                                                                                                                                                                                                                                                                                                                                                                                                      2. By End-Use (Hotel Category)
                                                                                                                                                                                                                                                                                                                                                                                                        1. Luxury Hotels (5-Star and Above)
                                                                                                                                                                                                                                                                                                                                                                                                          1. Mid-Range Hotels (3-4 Star)
                                                                                                                                                                                                                                                                                                                                                                                                            1. Budget Hotels (1-2 Star, Hostels, Motels)
                                                                                                                                                                                                                                                                                                                                                                                                              1. Resorts & Villas
                                                                                                                                                                                                                                                                                                                                                                                                                1. Boutique & Lifestyle Hotels
                                                                                                                                                                                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                                                                  1. Direct Sales (Hotel Chains, Hospitality Groups)
                                                                                                                                                                                                                                                                                                                                                                                                                    1. OEMs (Original Equipment Manufacturers)
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Online Platforms (B2B Portals, E-Commerce)
                                                                                                                                                                                                                                                                                                                                                                                                                        1. System Integrators & Contractors
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Mexico
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Argentina
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Chile
                                                                                                                                                                                                                                                                                                                                                                                                                      5. Colombia
                                                                                                                                                                                                                                                                                                                                                                                                                      6. Rest of LATAM
                                                                                                                                                                                                                                                                                                                                                                                                                  2. Competitive Landscape, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Introduction
                                                                                                                                                                                                                                                                                                                                                                                                                    2. Hotel Lock Market Share Analysis, 2024 (%)
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Market Share Analysis, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Competition Ranking, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Key Developments & Growth Strategies
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Merger & Acquisition
                                                                                                                                                                                                                                                                                                                                                                                                                        2. Product Launch
                                                                                                                                                                                                                                                                                                                                                                                                                        3. Expansion
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Consolidated SWOT Analysis of Key Players
                                                                                                                                                                                                                                                                                                                                                                                                                  3. Company Profile
                                                                                                                                                                                                                                                                                                                                                                                                                    1. ASSA ABLOY Global Solutions
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Business Overview
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Financial Data
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Key Product domains
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Recent Developments
                                                                                                                                                                                                                                                                                                                                                                                                                    2. Salto Systems
                                                                                                                                                                                                                                                                                                                                                                                                                    3. Dormakaba Group
                                                                                                                                                                                                                                                                                                                                                                                                                    4. Onity (Carrier Global)
                                                                                                                                                                                                                                                                                                                                                                                                                    5. MIWA Lock Co.
                                                                                                                                                                                                                                                                                                                                                                                                                    6. Allegion Plc
                                                                                                                                                                                                                                                                                                                                                                                                                    7. Samsung SDS
                                                                                                                                                                                                                                                                                                                                                                                                                    8. Be-Tech Asia Limited
                                                                                                                                                                                                                                                                                                                                                                                                                    9. CISA (Ingersoll Rand)
                                                                                                                                                                                                                                                                                                                                                                                                                    10. Godrej & Boyce