The shifting preferences toward adopting electromechanical devices over conventional locking systems are among the key factors driving the RFID locks market.
The global RFID locks market size is expected to grow from USD 2,878.1 million in 2020 to USD 9,932.0 million by 2027, at a CAGR of 19.4%, during the forecast period 2021 to 2027
According to the Market Statsville Group (MSG), the global stolen vehicle recovery systems market size is expected to grow from USD 12,304.8 million in 2021 to USD 23,005.3 million by 2030