Global Smart Door Lock Market Overview
The Global Smart Door Lock Market size is expected to grow from USD 2.24 Billion in 2023 to USD 9.1 Billion by 2032, at a CAGR of 16.85% during the forecast period (2024-2032).
With the advent of technologies such as Machine Learning and Artificial Intelligence, the spread of the Internet of Things (IoT) is expected to accelerate the mass adoption of smart locks during the forecast period. Increasing consumer awareness of the benefits and conveniences of these locks has contributed to increased demand, especially in the home and hospitality sectors around the world. Smart locks bring a new security experience to your home with the customization and the ability to control what happens to your home. They are far beyond the capabilities of normal rock. Many smart door locks come with both Bluetooth and Wi-Fi connections, improving the ability to use remote features. If your smart lock has only a Bluetooth connection and the front door is too far from your smart home hub, you will have connectivity issues. As growing demand calls for high tech and smart connected devices and smart door locks push with the growth of the Smart Door Lock Market globally.
Market Dynamics and Factors for the Smart Door Lock Market:
Drivers:
The number of people using smartphones increased by about 10% in 2020 compared to 2019. This steadily increasing acceptance has led to the significant reliance on smartphones and mobile apps to perform important tasks. Well-known players on the market have integrated a variety of innovative technologies into their smart lock models, including Wi-Fi-enabled lock / unlock and Bluetooth-based (BLE) lock / unlock on smartphones and other devices. A touch panel is also integrated to facilitate password entry and pattern-based locking/unlocking. The growing global acceptance of Smart homes and the influx of companies developing innovative home automation technologies are also driving the growing demand for smart locks. Players in the industry offer commercially viable products and focus on developing advanced technologies including remote locking/unlocking of entrances, doors, and windows. As more households use voice assistants, manufacturers are integrating their services with such devices to enable voice control of locks. Such innovations are expected to be quite attractive to customers as they increasingly seek sophisticated and convenient locking/unlocking methods.
Smart locks are in great demand in residential areas around the world. With more refurbishment and new construction activities in the Asia Pacific and North America, the industry has opened up great potential in recent years with more new installations. Locks are the most important element of a networked home about smart home hubs. As a result, customers are looking for a product that meets all their needs and chooses a lock considering key factors such as battery life, size, design, and price.
Restraints:
If you use another locking mechanism, you will not be able to use that mechanism. Also, if the door is not closed tightly, Smart Lock may not secure the bolts. Smart locks can also control door locks, and technical issues can push you back. If the battery fails, it can be locked out. If the wireless network is down, you may not be able to use the remote function. The Smart Lock isn't always cheap, especially when compared to traditional key boxes of the past. You may also need a specialist who can install locks and sync with your network or phone. Correcting malfunctions can also be costly. Evaluate various options. Of course, I don't want to use traditional locks or smart locks cheaply. However, there are several ways to find both cost performance and robust security.
Opportunities:
With the growth of technologies like IoT and smart devices integrated into security systems, the market presents a great opportunity in the Smart Door Lock Market. To realize the Internet of Things (IoT) vision, many IoT devices have been developed to improve daily life, and smart home devices are the most popular. Smart locks rely on smartphones to facilitate physical key management and track door open/closed status. Security is a top priority for IoT environments, and smart lock security and IoT security provide seamless security with the fort-like impregnable security standard. Growing advancement in smart technologies and the integration of security systems which creating a potential scope for the growth of the Smart Door Lock Market.
Challenge:
A power outage can be a major factor for smart doors if it is not backed with a supplementary battery. Most smart door locks require power back up to function smoothly. Sensors and smart keypads need to function and open then close the door with sensory installed in the door which is powered by electricity. If you use another locking mechanism, you will not be able to use that mechanism. Also, if the door is not closed tightly, Smart Lock may not secure the bolts. Smart locks can also control door locks, and technical issues can push you back. If the battery fails, it can be locked out. If the wireless network is down, you may not be able to use the remote function. Such minor challenges can be a hindering factor for Smart Door Lock Market.
Market Segmentation
By Type, The deadbolt segment is expected to continue to dominate the industry during the forecast period, with the highest share of sales of over 47% in 2020. Sales are increasing due to increased use in the living area, which takes advantage of many advantages such as ease of use and a durable locking mechanism. In addition, market-famous companies like Kwikset are adding advanced bars to their portfolios that incorporate features such as battery alerts, one-touch locks, and customizable user codes, and ultimately large users. The lever handle is expected to grow at the fastest CAGR of over 23.0% during the forecast period due to significant growth in the construction sector. Modernization efforts across the hospitality industry to meet tourist safety requirements are also aimed at driving the growth of this segment. Smart door handles are widely used in interior doors in commercial environments. The lock / unlock operation is easier than the corresponding one, as you have to grab and rotate the push-down style handle instead of the button. The padlock segment is also expected to grow at a significant CAGR over the next few years, with advantages such as user activity management, convenience, smartphone compatibility, and high-end security, leading to worldwide adoption. Apart from the living area, intelligent padlocks are used more and more frequently during travel to ensure the overall security of luggage.
By Application, Residential is the dominating in the application segment for the smart door lock market. High levels of revenue generation are primarily due to the increasing global penetration of smart homes and the increasing number of new and remodeling projects across the industry in recent years. In addition, the increased affordability of advanced security tools such as door and window opening sensors, motion detectors, and remote door lock / unlock is expected to further accelerate the adoption of these devices. The focus is on developing locks that are compatible with technologies such as ZigBee, ZWave, and BLE technologies, especially for the residential mass market, which attracts a large customer base. The industry is actively implementing smart locks to address the growing security concerns of customers during their stay. The need to increase the security of hotel rooms is believed to continue to drive the adoption of these keyless entry devices. Leading market players are providing innovative solutions to the hotel industry. For example, in October 2018, Hoomvip, an app-based service for accessing rental properties, is one of Assa Abloy's brands for added security and easy access to rental properties. Implemented TESA's Intelligent Door Lock ENTR. The introduction of these locks will also increase the brand value of the hotel and further drive its adoption throughout the industry.
Regional Analysis for the Smart Door Lock Market:
North America is dominating in Smart Door Lock Market with the largest market share of over 42% in 2020 and maintains its dominance over the forecast period. This is mainly due to the introduction of high tech in the United States and the proliferation of smart homes. About 30% of broadband households in the United States will purchase smart locks by the end of 2021. The high purchasing power of customers and the growing security concerns of critical infrastructure and residential applications have created regulatory scenarios that are suitable for customer deployment. The
Asia Pacific region is one of the fastest-growing regions in the Smart Door Lock Market. Significant growth is due to the significant increase in the number of residential and commercial projects and the ongoing smart city initiative. It originates from developing countries like India. In addition, the adoption of smart homes across the region has increased significantly, which has helped spread awareness of advanced devices and technologies. However, standards set by government agencies in countries such as Australia require additional product improvements and changes that are expected to be a difficult factor for market growth.
Players Covered in Smart Door Lock market are :
- Master Lock
- Onity
- Salto Systems
- Allegion
- Cansec Systems
- ASSA ABLOY AB
- Honeywell
- Haven Lock
- Spectrum brands
- Yale
- Master Lock (USA)
- Onity (USA)
- Salto Systems (Spain)
- Allegion (Ireland)
- Cansec Systems (Canada)
- ASSA ABLOY AB (Sweden)
- Honeywell (USA)
- Haven Lock (USA)
- Spectrum Brands (USA)
- Yale (part of ASSA ABLOY Group) (USA)
- Kwikset (Spectrum Brands) (USA)
- Schlage (Allegion) (USA)
- Brink’s Home Security (USA)
- August Home (ASSA ABLOY Group) (USA) and Other Major Players.
Key Industry Developments in the Smart Door Lock Market:
- In January 2024, Himax unveiled revolutionary high-end smart door locks in collaboration with DESMAN at the Consumer Electronics Show (CES) 2024, marking a significant advancement in the rapidly evolving world of technology. As smart home devices continued to integrate seamlessly into our lives, smart door locks emerged as pivotal components, enhancing security systems and introducing unprecedented convenience. Himax, a respected global semiconductor solution provider, showcased its innovative locks, underscoring its commitment to pushing the boundaries of technology.
- In January 2024, Aqara, a prominent provider of smart home products, unveiled its latest innovations, demonstrating its commitment to advancing smart home technology. Among the showcased products were the new Border Router Plug and Smart Lock U300, alongside other cutting-edge smart home solutions and prototypes. Aqara's participation at the event, held at the Venetian Expo (#53513), reflected its enthusiasm for introducing groundbreaking devices to the market.
Global Smart Door Lock Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data : |
2017 to 2023 |
Market Size in 2023: |
USD 2.24 Bn. |
Forecast Period 2024-32 CAGR: |
16.85%. |
Market Size in 2032: |
USD 9.1 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
3.5.1 Drivers
3.5.2 Restraints
3.5.3 Opportunities
3.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 4: Smart Door Lock Market by Type
4.1 Smart Door Lock Market Overview Snapshot and Growth Engine
4.2 Smart Door Lock Market Overview
4.3 Deadbolt
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size (2016-2028F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Deadbolt: Grographic Segmentation
4.4 Lever Handles
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size (2016-2028F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Lever Handles: Grographic Segmentation
4.5 Padlock
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size (2016-2028F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Padlock: Grographic Segmentation
4.6 Others
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size (2016-2028F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Others: Grographic Segmentation
Chapter 5: Smart Door Lock Market by Application
5.1 Smart Door Lock Market Overview Snapshot and Growth Engine
5.2 Smart Door Lock Market Overview
5.3 Residential
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Residential: Grographic Segmentation
5.4 Hospitality
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Hospitality: Grographic Segmentation
5.5 Enterprise
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Enterprise: Grographic Segmentation
5.6 Critical Infrastructure
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Critical Infrastructure: Grographic Segmentation
5.7 Others
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Others: Grographic Segmentation
Chapter 6: Company Profiles and Competitive Analysis
6.1 Competitive Landscape
6.1.1 Competitive Positioning
6.1.2 Smart Door Lock Sales and Market Share By Players
6.1.3 Industry BCG Matrix
6.1.4 Ansoff Matrix
6.1.5 Smart Door Lock Industry Concentration Ratio (CR5 and HHI)
6.1.6 Top 5 Smart Door Lock Players Market Share
6.1.7 Mergers and Acquisitions
6.1.8 Business Strategies By Top Players
6.2 MASTER LOCK
6.2.1 Company Overview
6.2.2 Key Executives
6.2.3 Company Snapshot
6.2.4 Operating Business Segments
6.2.5 Product Portfolio
6.2.6 Business Performance
6.2.7 Key Strategic Moves and Recent Developments
6.2.8 SWOT Analysis
6.3 ONITY
6.4 SALTO SYSTEMS
6.5 ALLEGION
6.6 CANSEC SYSTEMS
6.7 ASSA ABLOY AB
6.8 HONEYWELL
6.9 HAVEN LOCK
6.10 SPECTRUM BRANDS
6.11 YALE
Chapter 7: Global Smart Door Lock Market Analysis, Insights and Forecast, 2016-2028
7.1 Market Overview
7.2 Historic and Forecasted Market Size By Type
7.2.1 Deadbolt
7.2.2 Lever Handles
7.2.3 Padlock
7.2.4 Others
7.3 Historic and Forecasted Market Size By Application
7.3.1 Residential
7.3.2 Hospitality
7.3.3 Enterprise
7.3.4 Critical Infrastructure
7.3.5 Others
Chapter 8: North America Smart Door Lock Market Analysis, Insights and Forecast, 2016-2028
8.1 Key Market Trends, Growth Factors and Opportunities
8.2 Impact of Covid-19
8.3 Key Players
8.4 Key Market Trends, Growth Factors and Opportunities
8.4 Historic and Forecasted Market Size By Type
8.4.1 Deadbolt
8.4.2 Lever Handles
8.4.3 Padlock
8.4.4 Others
8.5 Historic and Forecasted Market Size By Application
8.5.1 Residential
8.5.2 Hospitality
8.5.3 Enterprise
8.5.4 Critical Infrastructure
8.5.5 Others
8.6 Historic and Forecast Market Size by Country
8.6.1 U.S.
8.6.2 Canada
8.6.3 Mexico
Chapter 9: Europe Smart Door Lock Market Analysis, Insights and Forecast, 2016-2028
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Type
9.4.1 Deadbolt
9.4.2 Lever Handles
9.4.3 Padlock
9.4.4 Others
9.5 Historic and Forecasted Market Size By Application
9.5.1 Residential
9.5.2 Hospitality
9.5.3 Enterprise
9.5.4 Critical Infrastructure
9.5.5 Others
9.6 Historic and Forecast Market Size by Country
9.6.1 Germany
9.6.2 U.K.
9.6.3 France
9.6.4 Italy
9.6.5 Russia
9.6.6 Spain
Chapter 10: Asia-Pacific Smart Door Lock Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Deadbolt
10.4.2 Lever Handles
10.4.3 Padlock
10.4.4 Others
10.5 Historic and Forecasted Market Size By Application
10.5.1 Residential
10.5.2 Hospitality
10.5.3 Enterprise
10.5.4 Critical Infrastructure
10.5.5 Others
10.6 Historic and Forecast Market Size by Country
10.6.1 China
10.6.2 India
10.6.3 Japan
10.6.4 Southeast Asia
Chapter 11: South America Smart Door Lock Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Deadbolt
11.4.2 Lever Handles
11.4.3 Padlock
11.4.4 Others
11.5 Historic and Forecasted Market Size By Application
11.5.1 Residential
11.5.2 Hospitality
11.5.3 Enterprise
11.5.4 Critical Infrastructure
11.5.5 Others
11.6 Historic and Forecast Market Size by Country
11.6.1 Brazil
11.6.2 Argentina
Chapter 12: Middle East & Africa Smart Door Lock Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Deadbolt
12.4.2 Lever Handles
12.4.3 Padlock
12.4.4 Others
12.5 Historic and Forecasted Market Size By Application
12.5.1 Residential
12.5.2 Hospitality
12.5.3 Enterprise
12.5.4 Critical Infrastructure
12.5.5 Others
12.6 Historic and Forecast Market Size by Country
12.6.1 Saudi Arabia
12.6.2 South Africa
Chapter 13 Investment Analysis
Chapter 14 Analyst Viewpoint and Conclusion
Global Smart Door Lock Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data : |
2017 to 2023 |
Market Size in 2023: |
USD 2.24 Bn. |
Forecast Period 2024-32 CAGR: |
16.85%. |
Market Size in 2032: |
USD 9.1 Bn. |
Segments Covered: |
By Type |
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By Application |
|
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By Region |
|
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Key Market Drivers: |
|
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Key Market Restraints: |
|
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Key Opportunities: |
|
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SMART DOOR LOCK MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SMART DOOR LOCK MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SMART DOOR LOCK MARKET COMPETITIVE RIVALRY
TABLE 005. SMART DOOR LOCK MARKET THREAT OF NEW ENTRANTS
TABLE 006. SMART DOOR LOCK MARKET THREAT OF SUBSTITUTES
TABLE 007. SMART DOOR LOCK MARKET BY TYPE
TABLE 008. DEADBOLT MARKET OVERVIEW (2016-2028)
TABLE 009. LEVER HANDLES MARKET OVERVIEW (2016-2028)
TABLE 010. PADLOCK MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. SMART DOOR LOCK MARKET BY APPLICATION
TABLE 013. RESIDENTIAL MARKET OVERVIEW (2016-2028)
TABLE 014. HOSPITALITY MARKET OVERVIEW (2016-2028)
TABLE 015. ENTERPRISE MARKET OVERVIEW (2016-2028)
TABLE 016. CRITICAL INFRASTRUCTURE MARKET OVERVIEW (2016-2028)
TABLE 017. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 018. NORTH AMERICA SMART DOOR LOCK MARKET, BY TYPE (2016-2028)
TABLE 019. NORTH AMERICA SMART DOOR LOCK MARKET, BY APPLICATION (2016-2028)
TABLE 020. N SMART DOOR LOCK MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE SMART DOOR LOCK MARKET, BY TYPE (2016-2028)
TABLE 022. EUROPE SMART DOOR LOCK MARKET, BY APPLICATION (2016-2028)
TABLE 023. SMART DOOR LOCK MARKET, BY COUNTRY (2016-2028)
TABLE 024. ASIA PACIFIC SMART DOOR LOCK MARKET, BY TYPE (2016-2028)
TABLE 025. ASIA PACIFIC SMART DOOR LOCK MARKET, BY APPLICATION (2016-2028)
TABLE 026. SMART DOOR LOCK MARKET, BY COUNTRY (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA SMART DOOR LOCK MARKET, BY TYPE (2016-2028)
TABLE 028. MIDDLE EAST & AFRICA SMART DOOR LOCK MARKET, BY APPLICATION (2016-2028)
TABLE 029. SMART DOOR LOCK MARKET, BY COUNTRY (2016-2028)
TABLE 030. SOUTH AMERICA SMART DOOR LOCK MARKET, BY TYPE (2016-2028)
TABLE 031. SOUTH AMERICA SMART DOOR LOCK MARKET, BY APPLICATION (2016-2028)
TABLE 032. SMART DOOR LOCK MARKET, BY COUNTRY (2016-2028)
TABLE 033. MASTER LOCK: SNAPSHOT
TABLE 034. MASTER LOCK: BUSINESS PERFORMANCE
TABLE 035. MASTER LOCK: PRODUCT PORTFOLIO
TABLE 036. MASTER LOCK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. ONITY: SNAPSHOT
TABLE 037. ONITY: BUSINESS PERFORMANCE
TABLE 038. ONITY: PRODUCT PORTFOLIO
TABLE 039. ONITY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. SALTO SYSTEMS: SNAPSHOT
TABLE 040. SALTO SYSTEMS: BUSINESS PERFORMANCE
TABLE 041. SALTO SYSTEMS: PRODUCT PORTFOLIO
TABLE 042. SALTO SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. ALLEGION: SNAPSHOT
TABLE 043. ALLEGION: BUSINESS PERFORMANCE
TABLE 044. ALLEGION: PRODUCT PORTFOLIO
TABLE 045. ALLEGION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. CANSEC SYSTEMS: SNAPSHOT
TABLE 046. CANSEC SYSTEMS: BUSINESS PERFORMANCE
TABLE 047. CANSEC SYSTEMS: PRODUCT PORTFOLIO
TABLE 048. CANSEC SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. ASSA ABLOY AB: SNAPSHOT
TABLE 049. ASSA ABLOY AB: BUSINESS PERFORMANCE
TABLE 050. ASSA ABLOY AB: PRODUCT PORTFOLIO
TABLE 051. ASSA ABLOY AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. HONEYWELL: SNAPSHOT
TABLE 052. HONEYWELL: BUSINESS PERFORMANCE
TABLE 053. HONEYWELL: PRODUCT PORTFOLIO
TABLE 054. HONEYWELL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. HAVEN LOCK: SNAPSHOT
TABLE 055. HAVEN LOCK: BUSINESS PERFORMANCE
TABLE 056. HAVEN LOCK: PRODUCT PORTFOLIO
TABLE 057. HAVEN LOCK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. SPECTRUM BRANDS: SNAPSHOT
TABLE 058. SPECTRUM BRANDS: BUSINESS PERFORMANCE
TABLE 059. SPECTRUM BRANDS: PRODUCT PORTFOLIO
TABLE 060. SPECTRUM BRANDS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. YALE: SNAPSHOT
TABLE 061. YALE: BUSINESS PERFORMANCE
TABLE 062. YALE: PRODUCT PORTFOLIO
TABLE 063. YALE: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SMART DOOR LOCK MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SMART DOOR LOCK MARKET OVERVIEW BY TYPE
FIGURE 012. DEADBOLT MARKET OVERVIEW (2016-2028)
FIGURE 013. LEVER HANDLES MARKET OVERVIEW (2016-2028)
FIGURE 014. PADLOCK MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. SMART DOOR LOCK MARKET OVERVIEW BY APPLICATION
FIGURE 017. RESIDENTIAL MARKET OVERVIEW (2016-2028)
FIGURE 018. HOSPITALITY MARKET OVERVIEW (2016-2028)
FIGURE 019. ENTERPRISE MARKET OVERVIEW (2016-2028)
FIGURE 020. CRITICAL INFRASTRUCTURE MARKET OVERVIEW (2016-2028)
FIGURE 021. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 022. NORTH AMERICA SMART DOOR LOCK MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. EUROPE SMART DOOR LOCK MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. ASIA PACIFIC SMART DOOR LOCK MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. MIDDLE EAST & AFRICA SMART DOOR LOCK MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. SOUTH AMERICA SMART DOOR LOCK MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Smart Door Lock Market research report is 2024-2032.
Master Lock (US), Onity (US), Salto Systems (Spain), Allegion (Ireland), Cansec Systems (Canada), and other major players.
The Smart Door Lock Market is segmented into Type, Application, and region. By Type, the market is categorized into Deadbolt, Lever Handles, Padlock, and Others. By Application, the market is categorized into Residential, Hospitality, Enterprise, Critical, Infrastructure, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Smart locks bring a new security experience to your home with the customization and the ability to control what happens to your home. They are far beyond the capabilities of normal rock. Many smart door locks come with both Bluetooth and Wi-Fi connections, improving the ability to use remote features. If your smart lock has only a Bluetooth connection and the front door is too far from your smart home hub, you will have connectivity issues.
The Global Smart Door Lock Market size is expected to grow from USD 2.24 Billion in 2023 to USD 9.1 Billion by 2032, at a CAGR of 16.85% during the forecast period (2024-2032).