When it comes to locks, the concept is also unique. The name of Aligarh's lock is associated with strength until now. PM Narendra Modi is also aware of the narrative behind the lock. People still believe in Aligarh locks for the safety of their houses and stores, PM stated at the inauguration event of Raja Mahendra Pratap Singh University in Aligarh. Aligarh's smart door lock is now set to create a name for itself in the worldwide market.
However, demand for biometric door locks has increased recently. That is, the locks that unlock with a simple swipe of the finger. In Aligarh, similar locks will soon be prepared. In these next-generation locks, Taiwanese technology and Aligarh are expected to improve. China is now on the cutting edge of biometric and digital lock technology. So let's know the speciality of these locks.
What is Digital or Biometric Door Lock?:
Biometrics is a system for scanning and recording fingerprint data. On these locks, there is also a touch panel or screen with a thermal or optical scanner. This is where Finger will be put. The screen's sensor detects your fingerprint and compares it to stored information. After the data has been matched, the lock will open. When using or updating an Aadhaar card, you must go through the biometric procedure.
China will be challenged by the Aligarh locks: Aligarh has mechanical locks that can be unlocked and closed with keys. In most areas, smart and digital locks are currently utilised. As a result, the demand for Aligarh locks has begun to decline. When Taiwanese technology joins these beats, the smart lock's main player will go head-to-head with China.
Demand for digital door locks in the global market has started growing even faster after the Coronavirus epidemic. By 2020, it had a market of $3.3 billion (about Rs. 24,000 crore). It is said to have a market of $17.9 billion (approximately Rs 1.34 lakh crore) by 2027. That is, from 2020 to 2027, the compound annual growth rate (CAGR) is set to be 27.5%. The digital door lock market in the US market is expected to reach $983.6 million (about Rs 7,000 crore) in the coming 7 years. However, its compound annual growth rate (CAGR) in China will be 26.7%.
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