Global RFID Locks Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Access Device;

Key Cards, Mobile Phones, Wearables, and Key Fobs.

By Application;

Hospitality, Automotive, Aerospace & Defense, Residential, Manufacturing, BFSI, Retail, Transportation & Logistics, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn152859604 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global RFID Locks Market (USD Million), 2021 - 2031

In the year 2024, the Global RFID Locks Market was valued at USD 7,091.07 million. The size of this market is expected to increase to USD 24,821.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 19.6%.

The global RFID locks market is experiencing robust growth driven by increasing adoption across various sectors seeking enhanced security and streamlined access control solutions. RFID (Radio Frequency Identification) technology has revolutionized traditional locking systems by offering secure, contactless authentication methods through devices such as key cards, mobile phones, wearables, and key fobs. This technology not only improves operational efficiency but also enhances user convenience across industries including hospitality, automotive, aerospace & defense, residential, manufacturing, BFSI, retail, transportation & logistics, and others.

In recent years, the hospitality sector has prominently adopted RFID locks to provide guests with seamless and secure access to rooms and facilities, thereby enhancing guest satisfaction and operational efficiency for hotel management. Similarly, automotive applications have integrated RFID locks for keyless entry systems, ensuring enhanced vehicle security and convenience for users. Aerospace & defense sectors utilize RFID locks to safeguard sensitive areas and equipment, adhering to strict security protocols.

The residential market is also witnessing significant uptake of RFID locks, offering homeowners advanced security features and convenient access control options without traditional keys. Across manufacturing environments, RFID locks contribute to operational safety by restricting access to authorized personnel only, thereby preventing unauthorized entry and ensuring workplace security. As these trends continue to evolve, the global RFID locks market is poised for continued expansion, driven by technological advancements and increasing awareness about the benefits of RFID technology in enhancing security and operational efficiencies across diverse industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Access Device
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global RFID Locks Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Security Enhancement
        2. Operational Efficiency
        3. Industry Compliance
      2. Restraints
        1. Initial Cost
        2. Compatibility Issues
        3. Regulatory Challenges
      3. Opportunities
        1. IoT Integration
        2. Smart City Initiatives
        3. Industry 4.0 Adoption
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global RFID Locks Market, By Access Device, 2021 - 2031 (USD Million)
      1. Key cards
      2. Mobile phones
      3. Wearables
      4. Key fobs
    2. Global RFID Locks Market, By Application, 2021 - 2031 (USD Million)
      1. Hospitality
      2. Automotive
      3. Aerospace & Defense
      4. Residential
      5. Manufacturing
      6. BFSI
      7. Retail
      8. Transportation & Logistics
      9. Others
    3. Global RFID Locks Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Allegion Plc
      2. ASSA ABLOY Hospitality
      3. Honeywell International Inc.
      4. Hafele
      5. Haven
      6. Hettich Holding GmbH
      7. Kaba
      8. Kwikset
      9. Lockitron
      10. MIWA Lock Co.
      11. OJMAR, S.A.
      12. Onity, Inc.
      13. SALTO Systems
      14. Samsung
      15. Schlage
      16. Godrej & Boyce Manufacturing Co. Ltd.
      17. Spectrum Brands, Inc.
      18. Yale
      19. Nestwell Technologies
      20. Mul-T-Lock
  7. Analyst Views
  8. Future Outlook of the Market