Radio Frequency Identification (RFID) Locks Market

By Access Device;

Key Cards, Mobile Phones, Wearables, and Key Fobs

By Product Type;

Electronic Locks and Mechanical Locks

By Lock Configuration;

Single Door Locks and Double Door Locks

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: August, 2025

RFID Locks Market Overview

RFID Locks Market (USD Million)

RFID Locks Market was valued at USD 7,091.07 million in the year 2024. 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%.


Radio Frequency Identification (RFID) Locks Market

*Market size in USD million

CAGR 19.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)19.6 %
Market Size (2024)USD 7,091.07 Million
Market Size (2031)USD 24,821.62 Million
Market ConcentrationLow
Report Pages367
7,091.07
2024
24,821.62
2031

Major Players

  • Allegion Plc
  • ASSA ABLOY Hospitality
  • Honeywell International Inc.
  • Hafele
  • Haven
  • Hettich Holding GmbH
  • Kaba
  • Kwikset
  • Lockitron
  • MIWA Lock Co.
  • OJMAR, S.A.
  • Onity, Inc.
  • SALTO Systems
  • Samsung
  • Schlage
  • Godrej & Boyce Manufacturing Co. Ltd.
  • Spectrum Brands, Inc.
  • Yale
  • Nestwell Technologies
  • Mul-T-Lock

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Radio Frequency Identification (RFID) Locks Market

Fragmented - Highly competitive market without dominant players


The RFID Locks Market is gaining traction, with over 55% of buildings equipping RFID lock solutions to support seamless integration between digital access, security policies, and centralized control. These locks offer keyless entry, audit trails, and easy user provisioning. Through precise strategies, vendors are enhancing authentication standards, firmware updates, and compatibility—driving consistent growth in access control modernization.

Opportunities and Expansion
Approximately 49% of hospitality chains and residential developers are pursuing opportunities by enabling mobile key access, temporary guest credentials, and remote unlocking features. These enhancements increase user satisfaction, reduce security expenses, and elevate service. As smart building initiatives accelerate, the market is enabling expansion into rental housing, serviced apartments, and educational campuses.

Technological Advancements
Driven by major technological advancements, more than 62% of RFID locking systems now include BLE support, secure cryptographic authentication, and cloud-synced access logs. These enhancements yield secure unlocking, multi-user access, and seamless remote control. A wave of innovation is evolving locks into smart security platforms rather than standalone entry devices.

Future Outlook
With over 60% of security upgrade plans including RFID locking systems, the future outlook is strong. These solutions will aid enterprise growth by improving automation, reducing physical key use, and providing access insights. As buildings become smarter, this market is on track for sustained expansion and strategic importance in secure infrastructure.

  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 Product Type
    3. Market Snapshot, By Lock Configuration
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. RFID Locks Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for contactless access solutions
        2. Increased security needs in hospitality industry
        3. Growth in smart home automation adoption
        4. Wider usage in commercial and office space
      2. Restraints
        1. High cost of RFID lock systems
        2. Risk of unauthorized RFID tag duplication
        3. Limited awareness in developing regions
        4. Complexity in retrofitting existing infrastructure
      3. Opportunities
        1. Integration with biometric authentication systems
        2. Expansion in co-working and shared spaces
        3. Adoption in public infrastructure and transport hubs
        4. Development of energy-efficient RFID locking devices
    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. RFID Locks Market, By Access Device, 2021 - 2031 (USD Million)
      1. Key cards
      2. Mobile phones
      3. Wearables
      4. Key fobs
    2. RFID Locks Market, By Lock Configuration, 2021 - 2031 (USD Million)

      1. Single Door Locks

      2. Double Door Locks

    3. 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
    4. 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