Electronic Cylinder Lock Credentials Market

By Product Type;

Electronic Key (Contact Based), RFID Key (Cards) and Key Fob & Badge

By Technology;

Low Frequency RFID, High Frequency RFID (NFC) and Others

By End User;

Commercial Sector, Residential Sector, Industrial Sector and Government

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn145875716 Published Date: September, 2025 Updated Date: October, 2025

Electronic Cylinder Lock Credentials Market Overview

Electronic Cylinder Lock Credentials Market (USD Million), 2021 - 2031

Electronic Cylinder Lock Credentials Market was valued at USD 713.88 million in the year 2024. The size of this market is expected to increase to USD 1,356.12 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.6%.


Electronic Cylinder Lock Credentials Market

*Market size in USD million

CAGR 9.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)9.6 %
Market Size (2024)USD 713.88 Million
Market Size (2031)USD 1,356.12 Million
Market ConcentrationMedium
Report Pages301
713.88
2024
1,356.12
2031

Major Players

  • SimonsVoss Technologies GmbH Company
  • ASSA ABLOY Company
  • SALTO Systems Company
  • Dormakaba Group Company
  • iLOQ Ltd. Company
  • HID Global Corporation
  • Identiv Inc
  • Honeywell International Inc

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Electronic Cylinder Lock Credentials Market

Fragmented - Highly competitive market without dominant players


The Electronic Cylinder Lock Credentials Market is witnessing steady growth as more businesses and households adopt smart security solutions. Close to 55% of facilities now rely on electronic credentials instead of traditional keys, ensuring greater convenience and protection in daily operations.

Adoption of Multi-Credential Technologies
Modern electronic cylinder locks are increasingly compatible with RFID, NFC, and Bluetooth-based systems. More than 50% of installations feature multi-credential options that allow secure and flexible access, making them a preferred choice for organizations with diverse security needs.

Rise of Contactless Authentication
The shift toward contactless verification is driving demand for mobile and digital lock credentials. Approximately 45% of enterprises now implement smartphone-based access to reduce physical touchpoints and improve security standards. This trend reflects the growing move toward seamless and hygienic access control systems.

Innovation Transforming Credential Systems
Ongoing technological advancements are enhancing the efficiency of electronic lock credentials. Around 35% of newly launched solutions integrate cloud platforms, encrypted data exchange, and real-time monitoring. These innovations are improving both operational convenience and security reliability.

Wider Use Across Multiple Sectors
The applications of electronic cylinder lock credentials span corporate buildings, hospitals, hotels, and universities. Over 60% of demand is generated from industries requiring traceable, secure, and efficient access control. Their expanding adoption demonstrates their central role in strengthening modern physical security.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Electronic Cylinder Lock Credentials Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Enhanced Security and Access Control
        2. Growth of Smart Homes and IoT Integration
        3. Rising Adoption of Electronic Locks in Commercial and Industrial Sectors
        4. Advancements in Access Control Technologies
      2. Restraints
        1. High Initial Cost of Installation and Maintenance
        2. Compatibility and Integration Challenges with Existing Systems
        3. Privacy and Data Security Concerns
        4. Dependence on Power and Potential for Technical Failures
      3. Opportunities
        1. Growing Adoption of Mobile-Based and Biometric Access Credentials
        2. Expansion of Smart Cities and Infrastructure Projects
        3. Increased Demand for Electronic Locks in Emerging Markets
        4. Technological Advancements in RFID, Bluetooth, and Biometric Systems
    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. Electronic Cylinder Lock Credentials Market, By Product Type, 2021 - 2031 (USD Million)
      1. Electronic Key (Contact Based)
      2. RFID Key (Cards)
      3. Key Fob & Badge
    2. Electronic Cylinder Lock Credentials Market, By Technology, 2021 - 2031 (USD Million)
      1. Low Frequency RFID
      2. High Frequency RFID (NFC)
      3. Others
    3. Electronic Cylinder Lock Credentials Market, By End User, 2021 - 2031 (USD Million)
      1. Commercial Sector
      2. Residential Sector
      3. Industrial Sector
      4. Government
    4. Electronic Cylinder Lock Credentials 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. ASSA ABLOY
      2. Allegion
      3. Dormakaba
      4. SALTO Systems
      5. SimonsVoss Technologies
      6. iLOQ
      7. C.Ed. Schulte
      8. WFE Technology
      9. AIT
      10. SL
      11. Videx (CyberLock)
      12. Iseo Serrature / Locken
      13. Ningbo Hengchieh Locking Technology
      14. Ningbo Shengjiu
      15. Exivo
  7. Analyst Views
  8. Future Outlook of the Market