Global RFID Locks Market Size, Forecast, and Trend Highlights Over 2025-2037
RFID Locks Market size was valued at USD 5.4 billion in 2024 and is set to exceed USD 43.4 billion by the end of 2037, expanding at over 17.4% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of RFID locks is evaluated at USD 6.3 billion.
Rapid urbanization across the globe has resulted in the increasing popularity of advanced RFID security systems, including locks and cameras. In recent years, there has been a boom in high-rise apartments, commercial complexes, and gated communities, requiring scalable RFID-based access systems. These RFID locks offer centralized control, audit trails, and multi-user access, making them ideal for these environments. One such example is the launch of Mygate Locks by Mygate, the community and security management startup, in September 2024. The company entered the consumer devices market with the launch of a novel and highly secure digital smart lock that offers remote unlocking via end-to-end data encryption, OTP, and real-time notification. Through the app, users can manage remote access to their homes.
Governments across the globe are heavily investing in smart cities and smart buildings, where digital security is a key component. RFID locks are integrated into larger security and IoT frameworks for better access, visitor management, and even emergency lockdowns. The demand for advanced RFID locks is also increasing in the co-living spaces and shared apartments due to the growing preference for multi-tenant access control to private rooms or lockers, hassle-free tenant turnover, and improved security.
RFID Locks Sector: Growth Drivers and Challenges
Growth Drivers
- Rising export activities: The global RFID locks market is rapidly expanding due to rising adoption of RFID locks across several sectors, such as automotive, hospitality, manufacturing, aerospace, defense, residential, transportation and logistics, and BFSI, for their enhanced security, ease of management, and security compared to conventional locks. This makes them a smart choice for various applications. From March 2023 to February 2024, approximately 140 shipments of RFID door locks were exported globally, with China, Hong Kong, and Canada as the leading exporters of RFID locks. During the same timeframe, China held a significant share of 69% in the global exports.
- Growing popularity of RFID locks amidst COVID-19 pandemic: The sudden shift towards contactless technology, post-COVID-19, has increased the need for enhanced hygiene protocols. RFID locks that allow access via cards, mobile apps, or fobs became an ideal solution for maintaining hygiene and health in shared environments. Thus, hotels, hospitals, apartment complexes, and offices across the globe are prioritizing touchless systems and technology, resulting in a growing need for RFID systems, including locks, to enhance security and provide low-contact access to users.
Challenges
- Rising risks of data leaks and hacking: Though RFID locks are rapidly gaining traction, they are highly prone to hacking if not secured properly. Hackers and attackers can easily intercept signals and clone cards, and gain unauthorized access. This can hamper the overall sales of RFID locks and affect RFID locks market growth, going ahead.
- High initial investments: The initial costs of implementing RFID door systems can be higher than conventional lock systems due to advanced software and hardware, along with potential training costs. This can limit the adoption of RFID locks in small to medium-scale businesses and organizations.
RFID Locks Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
17.4% |
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Base Year Market Size (2024) |
USD 5.4 billion |
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Forecast Year Market Size (2037) |
USD 43.4 billion |
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Regional Scope |
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RFID Locks Segmentation
Access Devices (Wearables, Key Cards, Mobile Phones, Key Fobs)
The key cards segment in RFID locks market is poised to hold a significant share of 50.2% between 2025 and 2037. This growth can be attributed to rising demand for contactless access in hotels, hospitals, offices, and residential complexes, rapid expansion of hotel chains, coworking spaces, and smart buildings needing advanced secure and convenient access systems, and high preference for RFID key cards for better authentication and tracking. One of the recent advancements in key cards includes the launch of RYRR30D by REYAX Technology in July 2024. This NFC/RFID technology integrated key is certified by Apple Wallet VAS and Google SmartTap pass, which offers exceptional compatibility and security compared to conventional RFID cards.
Application (Automotive, Hospitality, Manufacturing, Aerospace & Defense, Residential, Transportation & Logistics, BFSI, Retail)
The hospitality segment in RFID locks market is likely to register significant growth during the forecast period, owing to rapidly expanding global hospitality sector, rising demand for a contactless guest experience, especially post-pandemic, and rising integration of smart hotel trends, including RFID locks for enhanced security and operational efficiency. In February 2022, Tuchware, a leading manufacturer of RFID and electronic locks, announced the addition of the smart lock series XS to hotel management services. The XS series is a cloud-based hotel management software with an integrated door lock management interface along with features such as booking and staff management, invoicing, and inventory.
Our in-depth analysis of the global RFID Locks market includes the following segments:
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Access Device |
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Application |
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Customize this ReportRFID Locks Industry - Regional Synopsis
North America Market Forecast
North America is expected to account for the largest share of 31.3% during the forecast period owing to rapid advancements in RFID technology and integration with mobile devices, high adoption of advanced RFID systems, including automotive, hospitality, manufacturing, and transportation and logistics. Moreover, increasing number of crime rates in parts of the region has resulted in the rising adoption of smart home technologies. Several homeowners are focused on integrating these locks into their smart home ecosystems for better security and convenience. In November 2022, Roku collaborated with Walmart to launch Roku’s new suite of IoT-based smart home products, including security cameras and locks. In addition, compliance with stringent data protection regulations in the region is prompting organizations to adopt advanced locking mechanisms.
The U.S RFID locks market is expected to register rapid growth by the end of 2037, attributed to rising urbanization and real estate development, high preference for touchless technologies across several sectors post COVID-19, and growing demand for secure, flexible, and user traceable access control systems in co-working spaces and shared facilities.
APAC Market Statistics
The Asia Pacific RFID locks market is likely to account for a substantial share between 2025 and 2037, owing to rapid urbanization in countries like China, India, and South Korea, and government initiatives for smart city projects, and rising investments in developing advanced RFID locks. Countries in China, South Korea, and Taiwan have strong local electronics and manufacturing industries, producing affordable and tailored FRID locks and solutions.
The RFID locks market in India is rapidly expanding due to robust growth in the warehousing and logistics sector, high preference for co-living and rental properties, and rising number of gated communities and smart security solutions. Several companies are investing in R&D activities to develop advanced RFID locks to cater to the demand. For instance, in December 2024, Godrej Enterprises announced the launch of the Advantis IoT9 connected smart lock for homes, designed to offer at-home security consultation and installation for customers anywhere in the country.
Companies Dominating the RFID Locks Landscape
- Godrej & Boyce Manufacturing Company Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Honeywell International Inc.
- Nestwell Technologies
- Assa Abloy Group
- Siemens AG
- United Technologies Corporation
- Samsung Electronics Co Ltd.
- Vivint, Inc.
The global RFID locks market is highly competitive, comprising key players operating at both global and regional levels, who focus on continuous innovation, strategic collaborations, and product portfolio expansion to meet the evolving demands of various industries. These key players actively invest in R&D to enhance technological capabilities and access new markets, driving the global market. Here is a list of key players operating in the RFID locks market:
In the News
- In November 2024, Nuki announced the launch of the new Smart Lock Ultra, the fifth generation of its smart lock. This new lock is one third of the original Nuki, and features a new brushless motor for faster operation and a powerful battery which can last upto 6 months.
- In March 2024, Allegion US launched the Schlage XE360 Series wireless locks, designed with multifamily market needs, including style, safety, and technology. This is a mobile-enabled smart lock that allows multifamily operators to leverage a single access and management solution.
Author Credits: Abhishek Verma
- Report ID: 1315
- Published Date: Apr 28, 2025
- Report Format: PDF, PPT
