South Korea projected to sell over 3 Million Digital Locks by 2027: Ken Research

GURUGRAM, India, July 11, 2023 /PRNewswire/ — South Korea has a moderately consolidated market with major players covering the majority of the digital locks market. Moderately consolidated market with Solity as the market leader in the South Korean Digital Locks market. Solity, Gateman- Assa Abloy, Zigbang, Evernet, and Milre are the major players in South Korea Digital Locks Market.
1. Increased emphasis on Aesthetics and Sustainability.
Digital lock manufacturers in South Korea are placing greater emphasis on the aesthetics of the products.Samsung and LG are two South Korean digital lock manufacturers that place greater emphasis on aesthetics. Samsung’s SHP-DP930 features a sleek, modern design with a slim profile, while LG’s PINEWAVE Smart Door Lock features a minimalist design with a curved handle.South Korean Digital lock manufacturers are focusing on sustainability by using sustainable materials and manufacturing processes that are environmentally friendly.Yale is now focusing on sustainability by using recycled materials and reducing energy consumption. Yale Real Living Touchscreen Deadbolt incorporates sustainable materials.Interested to Know More about this Report, Request a Free Sample Report
2. Use of Advanced Technologies
South Korean digital lock manufacturers are using advanced technologies like AI and ML to improve the functionality and security of their products.Gateman is using AI and ML in Gateman V100 that can recognize and learn user behavior patterns, and adjust its security settings accordingly.3. Integration with other smart home devices
Digital lock manufacturers in South Korea are working to integrate their products with other smart home devices like home security systems and voice assistants.KeyWe Smart Lock enables fingerprint and NFC authentication, and integration with voice assistants like Alexa and Google Assistant.Visit this Link :- Request for custom report
Market Taxonomy
South Korea Digital Locks Market Segmentation
By Type of Digital Locks
Push Pull LockMortise LockPad LockOthersRequest free 30 minutes analyst call
By Mode of Purchase
OnlineDirect Sales- ShowroomWholesalers & Dealers NetworkRetailersBy Mode of Technology
RF-IDPinFingerprintWi-FiBluetoothOthersFor More Insights On Market Intelligence, Refer To The Link Below: –
South Korea Digital Locks Market
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Philippines’ electronic security market is expected to witness phenomenal growth across all industry verticals driven by the growing awareness among the domestic population. The wide publicity by media and other government entities about the advantages of electronic security systems is anticipated to further support the growth of the market in the coming years. Additionally, recurring incidents of crime, terror, and burglary have also driven the need for around-the-clock robust security solutions. These factors will amplify the demand for CCTV surveillance systems, access control systems, intrusion alarms, fire alarm systems, and specialty security equipment in the coming years and hence will lead to the overall development of the market.
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