Smart Elevator Market Growth, Statistics, Competitor Landscape, Key Players Analysis, Trends and Forecast by 2027 | Impact of COVID-19
Market Overview As per the analysis carried out by Market Research Future (MRFR), the global smart elevator is predicted to reach the value of approximately USD 30 billion by 2023. The market will grow at an astounding CAGR of 15% over the forecast period (2017-2023). Drivers and Restraints Various government regulations and standards for green infrastructure coupled with decreasing operational cost and automation have turned the market for smart elevators into a high yielding one. Plus, the growing concerns regarding the safety and advances towards integration of access controls is poised to expand the Smart Elevator Market further. In addition, advances in the digital control systems like biometrics, card-based systems, touch screens, keypads and iris recognition provide the market with massive growth opportunities. Digital control systems tighten the security of buildings; thus, the elevated adoption of these systems have positively affected the overall growth of the smart eleva