Contactless Elevator Market: Competitive Analysis, Market Trends and Forecast to 2031

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4 min read

Market Overview and Report Coverage

Contactless Elevators are a new technological advancement in the elevator industry that allows users to operate the elevator without physically touching any buttons. These elevators use sensors, voice commands, and smartphone apps to select floors and call the elevator, creating a hygienic and touch-free experience.

The Contactless Elevator Market is expected to grow at a CAGR of % during the forecasted period. The increasing emphasis on hygiene and safety due to the COVID-19 pandemic is driving the demand for contactless elevator solutions. Additionally, the convenience and efficiency offered by contactless elevators are attracting commercial and residential building owners.

The market forecast for contactless elevators shows a positive growth trajectory, with increasing adoption in high-rise buildings, hotels, hospitals, and shopping malls. The latest market trends include the integration of artificial intelligence and IoT technology in contactless elevators to enhance user experience and optimize elevator operations.

Overall, the future outlook for the Contactless Elevator Market is promising, with advancements in technology and increasing demand for touch-free solutions contributing to market growth.

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Market Segmentation

The Contactless Elevator Market Analysis by types is segmented into:

  • Non-contact Sensor
  • Phone Control Software
  • Other

 

Contactless Elevator Market Types include Non-contact Sensor, Phone Control Software, and other innovative solutions. Non-contact Sensor technology uses infrared or motion sensors to detect passengers and automatically operate the elevator without the need for physical buttons. Phone Control Software allows passengers to call and control the elevator using their smartphones, increasing convenience and reducing the risk of spreading germs. Other market solutions may include voice-activated controls, facial recognition technology, or smart card access systems to enhance the contactless experience.

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The Contactless Elevator Market Industry Research by Application is segmented into:

  • Enterprise
  • Government
  • Airport
  • Station
  • The Mall
  • Other

 

The contactless elevator market has a wide range of applications across various sectors. Enterprises can benefit from increased employee safety and efficiency. Government buildings can ensure secure and hygienic transportation for employees and visitors. Airports and train stations can provide a seamless and safe travel experience for passengers. Shopping malls can offer a convenient and hygienic way for shoppers to move between floors. Other markets can also take advantage of contactless elevators to enhance safety and convenience for their customers and employees.

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In terms of Region, the Contactless Elevator Market Players available by Region are:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

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What are the Emerging Trends in the Global Contactless Elevator market?

The global contactless elevator market is experiencing significant growth due to the increasing focus on hygiene and safety in public spaces. The adoption of touchless technology in elevators is becoming more prevalent to minimize the risk of spreading germs. Emerging trends include the integration of biometric identification systems for hands-free operation and the use of smart sensors for more personalized and efficient vertical transportation. Current trends also include the implementation of mobile app-controlled elevators and the development of voice-activated technology for a seamless user experience. These trends are driving innovation and reshaping the future of elevator technology.

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Major Market Players

In the competitive landscape of the contactless elevator market, companies such as Huawei, Easpeed, WANGLONG Intelligent Technology, CEDES, Neonode, Warner Electric (Altra Industrial Motion), and L&T Technology Services are prominent players.

Huawei, a leading global technology company, has been investing in smart elevator solutions to enhance user experience and improve efficiency. Easpeed, a Chinese manufacturer, is known for its cutting-edge technology in contactless elevator systems. WANGLONG Intelligent Technology specializes in intelligent elevator solutions, focusing on safety and automation.

CEDES, a Swiss company, is a key player in sensor technology for elevators, offering innovative solutions for contactless control systems. Neonode, a Swedish company, is known for its touch sensor technology, which is implemented in touchless elevator interfaces. Warner Electric, under Altra Industrial Motion, provides a range of elevator control solutions with a focus on safety and reliability. L&T Technology Services, an Indian company, offers engineering services for elevator manufacturers to develop advanced contactless solutions.

The market growth of contactless elevator systems is driven by the increasing demand for touchless solutions amid the COVID-19 pandemic. As companies and building owners prioritize hygiene and safety, the adoption of contactless elevator technologies has significantly increased.

The market size of the contactless elevator market is expected to reach USD billion by 2025, with a compound annual growth rate of 12%. Huawei reported sales revenue of USD 136.7 billion in 2020, while Easpeed generated sales revenue of USD 320 million in the same year. CEDES reported sales revenue of USD 86 million in 2020.

Overall, the contactless elevator market is witnessing significant growth, with key players introducing innovative solutions to meet the evolving needs of the industry. As the demand for touchless technology continues to rise, companies are investing in research and development to stay competitive in the market.

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