Smart Lock Market Synopsis
Global Smart Lock Market Size Was Valued at USD 2.49 Billion In 2023 And Is Projected to Reach USD 11.65 Billion By 2032, Growing at A CAGR of 18.7% From 2024 To 2032
Smart locks are innovative electronic keyless locking systems that leverage either Wi-Fi or Bluetooth connectivity to seamlessly communicate with other electronic devices within the home. A smart lock represents a modernized iteration of the conventional door lock.
- It functions as a connected smart home device, equipped with Bluetooth or Wi-Fi capabilities, enabling users to secure and unlock doors either through a fingerprint scan or via voice commands. Operating wirelessly, this smart door lock relies on cryptographic authentication to ensure access is granted exclusively to authorized individuals.
- These locks can be conveniently operated through dedicated electronic fobs or by installing a corresponding smart lock app on your smartphone. Users have the flexibility to grant temporary access to individuals, allowing them to enter the premises for a defined duration.
- Compared to traditional methods, smart lock technology stands out for its ease of use and distinctive features. Prior methods relied on ID codes, passwords, mechanical locks, code words, and paper slips, all of which were cumbersome to manage and carried a higher risk of data theft or loss.
- Smart locks operate within the Internet of Things (IoT) ecosystem, synchronizing seamlessly with a user's smartphone for convenient access control. This characteristic not only sets smart locks apart but also enhances their reliability and user-friendliness, making them a formidable presence in the market.
The Smart Lock Market Trend Analysis
Adoption Of Smart Home Framework
- Smart home frameworks consist of interconnected devices and systems that allow homeowners to control and automate various aspects of their living spaces, including lighting, heating, security, and entertainment, among others. Smart locks play a pivotal role in enhancing the security and convenience aspects of these frameworks.
- Smart locks seamlessly integrate into these ecosystems, enabling homeowners to remotely control and monitor the security of their homes through a centralized hub or smartphone application.
- This integration grants users the ability to lock and unlock doors from anywhere, receive real-time notifications about access, and even integrate their smart locks with other smart devices like security cameras and doorbell cameras. This interconnectedness enhances the overall security and surveillance capabilities of the smart home, providing users with a comprehensive view of their property.
- The growing consumer awareness of the benefits of smart home ecosystems, including energy savings, convenience, and improved security, has led to increased demand for smart locks. Homeowners are increasingly seeking out solutions that offer not only heightened security but also seamless integration with their existing or planned smart home setups.
- As a result, smart lock manufacturers are incentivized to innovate and develop locks with advanced features, such as biometric authentication, voice recognition, and compatibility with virtual assistants like Amazon Alexa and Google Assistant.
Technological Advancement
- Advances in authentication methods are a key driver of opportunity. Technologies like biometric authentication (e.g., fingerprint recognition and facial recognition) have become more reliable and cost-effective. This means that smart locks can offer even more secure and convenient access control options, reducing the reliance on traditional keys or PIN codes. As a result, consumers are more likely to adopt smart locks that provide superior security and user-friendly experiences.
- The Internet of Things (IoT) has paved the way for greater connectivity and interoperability among smart devices. Smart locks can now seamlessly integrate with other IoT devices like security cameras, doorbell cameras, and voice-activated virtual assistants.
- This integration allows for more comprehensive and intelligent home security solutions, where the smart lock can trigger actions like turning on lights or sending alerts when unauthorized access is detected. The ability to create a holistic smart home experience is a compelling proposition for consumers and a significant opportunity for smart lock manufacturers.
Segmentation Analysis Of The Smart Lock Market
Smart Lock market segments cover the Type, Product, Technology, and End User. By Type, the Deadbolt segment is Anticipated to Dominate the Market Over the Forecast period.
- A deadbolt lock is a type of security device commonly used to secure doors and provide an extra layer of protection against unauthorized entry. Unlike spring bolt locks, deadbolt locks do not have a spring mechanism, making them more resistant to forced entry attempts.
- These locks typically consist of a solid metal bolt that extends into the door frame, engaging with a strike plate when locked. Deadbolt locks are operated by turning a key from the outside or a thumb turn from the inside, ensuring that the bolt is securely extended or retracted.
- One of the primary advantages of deadbolt locks is their robustness and resistance to tampering. They are available in various configurations, with single-cylinder and double-cylinder being the most common.
- Single-cylinder deadbolts can be operated from the outside with a key, while the inside is controlled by a thumb turn. Double-cylinder deadbolts require a key for both sides, offering additional security but potentially posing a safety hazard in emergencies where a quick exit is necessary.
Regional Analysis of The Smart Lock Market
North America is Expected to Dominate the Market Over the Forecast Period.
- North America is poised to dominate the smart door lock market, primarily driven by the widespread adoption of advanced technologies and the rapid proliferation of smart homes in countries like the United States, Canada, and Mexico. The growing reliance of consumers on devices like smart speakers makes them a prime target audience for regional e-commerce enterprises.
- Smart lock adoption in the United States lags behind the adoption of other smart home devices, as revealed by a recent study conducted by the Consumer Technology Association (CTA). The study indicates that 69% of U.S. households, equivalent to 83 million homes, now own at least one smart home device.
- Among these devices, smart speakers enjoy high adoption, with a penetration rate of 28%. In contrast, the adoption of smart locks stands at a mere 10%. These statistics underscore the significant market potential for companies willing to implement effective marketing strategies.
- There is an opportunity for key players in the U.S. smart lock market to expand their presence into other regions, particularly in Europe. Notably, August Inc. and Yale Locks, both prominent smart lock manufacturers based in the United States, have recently introduced new smart locks into their product portfolios.
- These innovative products are now available to both new and existing users of Yale Smart Lock in the Europe, Middle East, and Africa (EMEA) region, marketed under the name 'Yale Access module. This expansion into international markets is expected to drive substantial growth in the smart lock industry.
COVID-19 Impact Analysis On Smart Lock Market
COVID-19 pandemic has had a profound impact on businesses worldwide, and it has had a positive effect on the adoption of smart locks, largely due to government-imposed lockdowns in various countries. In the aftermath of the pandemic, organizations are placing a significant emphasis on advanced technologies such as artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), and cloud computing across both residential and commercial sectors to enable contactless operations. This trend is expected to fuel the demand for app-based smart lock systems, driving global smart lock adoption.
Smart locks are increasingly being used to enhance security measures. The global smart lock market is expanding thanks to the growing use of security-related products, including digital and cloud-based locks, in commercial, residential, and industrial settings. Furthermore, the commercial and government sectors have begun to embrace smart locks to address concerns related to public and enterprise safety and security. The global adoption of smart locks is on the rise as countries aim to establish secure and sustainable economies.
In the commercial sector, companies are actively deploying advanced technology to reduce liabilities, enhance employee accountability, ensure compliance, and boost efficiency, all of which are anticipated to contribute to the growth of the smart locks market in the post-COVID-19 era.
Smart Lock Market Key Players:
- ASSA ABLOY (Sweden)
- Samsung Group (South Korea)
- Panasonic Corporation (Japan)
- Guangdong Be-Tech Security Systems (China)
- Honeywell International Inc. (U.S.)
- DESSMANN (China)
- The Chamberlain Group Inc. (U.S.)
- Kaadas (Australia)
- Masterlock (U.S.)
- August Home (U.S.)
- Kwikset (U.S.)
- Techlicious LLC. (U.S.)
- Godrej Group (India)
- Adel Marketing (M) Sdn. Bhd. (Malaysia)
- SCHLAGE (U.S.)
- HavenLock, Inc. (U.S.)
- YALE (U.S.)
- Xiaomi Corporation (China)
- Latchable Inc. (U.S.), and Other Major Players
Key Industry Developments in the Smart Lock Market
- In October 2023, Honeywell acquired Singtel's smart home business, including its Zigbee-based smart lock system, for an undisclosed sum. This move strengthens Honeywell's position in the Asia-Pacific smart lock market and expands its product portfolio.
- In October 2023, Yale, a renowned lock manufacturer, announced a partnership with Nuki, a leading European smart lock provider, to launch its products in the European market. This strategic alliance combines Yale's brand recognition with Nuki's innovative technology, aiming to capture a significant share of the European smart lock market.
- In August 2023, Tech giant Samsung announced the integration of its SmartThings platform with several popular smart lock brands, including Schlage, Yale, and August Home. This integration allows users to control their smart locks through the SmartThings app and create automated routines for enhanced convenience and security.
Smart Lock Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2032 |
Market Size in 2023: |
USD 2.49 Bn. |
Forecast Period 2024-32 CAGR: |
18.7 % |
Market Size in 2032: |
USD 11.65 Bn. |
Segments Covered: |
By Type |
|
|
By Product |
|
||
By Technology |
|
||
By End User |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the Report: |
|
- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- ANALYSIS OF THE IMPACT OF COVID-19
- Impact On The Overall Market
- Impact On The Supply Chain
- Impact On The Key Manufacturers
- Impact On The Pricing
- Post COVID Situation
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- SMART LOCK MARKET BY TYPE (2017-2032)
- SMART LOCK MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- DEADBOLT
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- LEVER HANDLES
- PADLOCKS
- OTHERS
- SMART LOCK MARKET BY PRODUCT (2017-2032)
- SMART LOCK MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- BIOMETRIC DOOR LOCKS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- SMART CARD DOOR LOCKS
- ELECTRIC STRIKE DOOR LOCKS
- OTHERS
- SMART LOCK MARKET BY TECHNOLOGY (2017-2032)
- SMART LOCK MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- BLUETOOTH-BASED
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- WI-FI-BASED
- SMART LOCK MARKET BY END-USER (2017-2032)
- SMART LOCK MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- COMMERCIAL
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors and Opportunities
- Geographic Segmentation Analysis
- RESIDENTIAL
- GOVERNMENT
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Smart Lock Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ASSA ABLOY
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- SAMSUNG GROUP
- PANASONIC CORPORATION
- GUANGDONG BE-TECH SECURITY SYSTEMS
- HONEYWELL INTERNATIONAL INC
- DESSMANN
- THE CHAMBERLAIN GROUP INC
- KAADAS
- MASTERLOCK
- AUGUST HOME
- KWIKSET
- TECHLICIOUS LLC
- GODREJ GROUP
- ADEL MARKETING (M) SDN. BHD.
- SCHLAGE
- HAVENLOCK INC.
- YALE
- XIAOMI CORPORATION
- LATCHABLE INC
- COMPETITIVE LANDSCAPE
- GLOBAL SMART LOCK MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Product
- Historic And Forecasted Market Size By Technology
- Historic And Forecasted Market Size By End User
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Smart Lock Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2032 |
Market Size in 2023: |
USD 2.49 Bn. |
Forecast Period 2024-32 CAGR: |
18.7 % |
Market Size in 2032: |
USD 11.65 Bn. |
Segments Covered: |
By Type |
|
|
By Product |
|
||
By Technology |
|
||
By End User |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the Report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SMART LOCK MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SMART LOCK MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SMART LOCK MARKET COMPETITIVE RIVALRY
TABLE 005. SMART LOCK MARKET THREAT OF NEW ENTRANTS
TABLE 006. SMART LOCK MARKET THREAT OF SUBSTITUTES
TABLE 007. SMART LOCK MARKET BY TYPE
TABLE 008. DEADBOLT MARKET OVERVIEW (2016-2030)
TABLE 009. LEVER HANDLES MARKET OVERVIEW (2016-2030)
TABLE 010. PADLOCKS MARKET OVERVIEW (2016-2030)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2030)
TABLE 012. SMART LOCK MARKET BY PRODUCT
TABLE 013. BIOMETRIC DOOR LOCKS MARKET OVERVIEW (2016-2030)
TABLE 014. SMART CARD DOOR LOCKS MARKET OVERVIEW (2016-2030)
TABLE 015. ELECTRIC STRIKE DOOR LOCKS MARKET OVERVIEW (2016-2030)
TABLE 016. OTHERS MARKET OVERVIEW (2016-2030)
TABLE 017. SMART LOCK MARKET BY TECHNOLOGY
TABLE 018. BLUETOOTH-BASED MARKET OVERVIEW (2016-2030)
TABLE 019. WI-FI-BASED MARKET OVERVIEW (2016-2030)
TABLE 020. SMART LOCK MARKET BY END USER
TABLE 021. COMMERCIAL MARKET OVERVIEW (2016-2030)
TABLE 022. RESIDENTIAL MARKET OVERVIEW (2016-2030)
TABLE 023. GOVERNMENT MARKET OVERVIEW (2016-2030)
TABLE 024. NORTH AMERICA SMART LOCK MARKET, BY TYPE (2016-2030)
TABLE 025. NORTH AMERICA SMART LOCK MARKET, BY PRODUCT (2016-2030)
TABLE 026. NORTH AMERICA SMART LOCK MARKET, BY TECHNOLOGY (2016-2030)
TABLE 027. NORTH AMERICA SMART LOCK MARKET, BY END USER (2016-2030)
TABLE 028. N SMART LOCK MARKET, BY COUNTRY (2016-2030)
TABLE 029. EASTERN EUROPE SMART LOCK MARKET, BY TYPE (2016-2030)
TABLE 030. EASTERN EUROPE SMART LOCK MARKET, BY PRODUCT (2016-2030)
TABLE 031. EASTERN EUROPE SMART LOCK MARKET, BY TECHNOLOGY (2016-2030)
TABLE 032. EASTERN EUROPE SMART LOCK MARKET, BY END USER (2016-2030)
TABLE 033. SMART LOCK MARKET, BY COUNTRY (2016-2030)
TABLE 034. WESTERN EUROPE SMART LOCK MARKET, BY TYPE (2016-2030)
TABLE 035. WESTERN EUROPE SMART LOCK MARKET, BY PRODUCT (2016-2030)
TABLE 036. WESTERN EUROPE SMART LOCK MARKET, BY TECHNOLOGY (2016-2030)
TABLE 037. WESTERN EUROPE SMART LOCK MARKET, BY END USER (2016-2030)
TABLE 038. SMART LOCK MARKET, BY COUNTRY (2016-2030)
TABLE 039. ASIA PACIFIC SMART LOCK MARKET, BY TYPE (2016-2030)
TABLE 040. ASIA PACIFIC SMART LOCK MARKET, BY PRODUCT (2016-2030)
TABLE 041. ASIA PACIFIC SMART LOCK MARKET, BY TECHNOLOGY (2016-2030)
TABLE 042. ASIA PACIFIC SMART LOCK MARKET, BY END USER (2016-2030)
TABLE 043. SMART LOCK MARKET, BY COUNTRY (2016-2030)
TABLE 044. MIDDLE EAST & AFRICA SMART LOCK MARKET, BY TYPE (2016-2030)
TABLE 045. MIDDLE EAST & AFRICA SMART LOCK MARKET, BY PRODUCT (2016-2030)
TABLE 046. MIDDLE EAST & AFRICA SMART LOCK MARKET, BY TECHNOLOGY (2016-2030)
TABLE 047. MIDDLE EAST & AFRICA SMART LOCK MARKET, BY END USER (2016-2030)
TABLE 048. SMART LOCK MARKET, BY COUNTRY (2016-2030)
TABLE 049. SOUTH AMERICA SMART LOCK MARKET, BY TYPE (2016-2030)
TABLE 050. SOUTH AMERICA SMART LOCK MARKET, BY PRODUCT (2016-2030)
TABLE 051. SOUTH AMERICA SMART LOCK MARKET, BY TECHNOLOGY (2016-2030)
TABLE 052. SOUTH AMERICA SMART LOCK MARKET, BY END USER (2016-2030)
TABLE 053. SMART LOCK MARKET, BY COUNTRY (2016-2030)
TABLE 054. ASSA ABLOY (SWEDEN): SNAPSHOT
TABLE 055. ASSA ABLOY (SWEDEN): BUSINESS PERFORMANCE
TABLE 056. ASSA ABLOY (SWEDEN): PRODUCT PORTFOLIO
TABLE 057. ASSA ABLOY (SWEDEN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. SAMSUNG GROUP (SOUTH KOREA): SNAPSHOT
TABLE 058. SAMSUNG GROUP (SOUTH KOREA): BUSINESS PERFORMANCE
TABLE 059. SAMSUNG GROUP (SOUTH KOREA): PRODUCT PORTFOLIO
TABLE 060. SAMSUNG GROUP (SOUTH KOREA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. PANASONIC CORPORATION (JAPAN): SNAPSHOT
TABLE 061. PANASONIC CORPORATION (JAPAN): BUSINESS PERFORMANCE
TABLE 062. PANASONIC CORPORATION (JAPAN): PRODUCT PORTFOLIO
TABLE 063. PANASONIC CORPORATION (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. GUANGDONG BE-TECH SECURITY SYSTEMS (CHINA): SNAPSHOT
TABLE 064. GUANGDONG BE-TECH SECURITY SYSTEMS (CHINA): BUSINESS PERFORMANCE
TABLE 065. GUANGDONG BE-TECH SECURITY SYSTEMS (CHINA): PRODUCT PORTFOLIO
TABLE 066. GUANGDONG BE-TECH SECURITY SYSTEMS (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. HONEYWELL INTERNATIONAL INC. (U.S.): SNAPSHOT
TABLE 067. HONEYWELL INTERNATIONAL INC. (U.S.): BUSINESS PERFORMANCE
TABLE 068. HONEYWELL INTERNATIONAL INC. (U.S.): PRODUCT PORTFOLIO
TABLE 069. HONEYWELL INTERNATIONAL INC. (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. DESSMANN (CHINA): SNAPSHOT
TABLE 070. DESSMANN (CHINA): BUSINESS PERFORMANCE
TABLE 071. DESSMANN (CHINA): PRODUCT PORTFOLIO
TABLE 072. DESSMANN (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. THE CHAMBERLAIN GROUP INC. (U.S.): SNAPSHOT
TABLE 073. THE CHAMBERLAIN GROUP INC. (U.S.): BUSINESS PERFORMANCE
TABLE 074. THE CHAMBERLAIN GROUP INC. (U.S.): PRODUCT PORTFOLIO
TABLE 075. THE CHAMBERLAIN GROUP INC. (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. KAADAS (AUSTRALIA): SNAPSHOT
TABLE 076. KAADAS (AUSTRALIA): BUSINESS PERFORMANCE
TABLE 077. KAADAS (AUSTRALIA): PRODUCT PORTFOLIO
TABLE 078. KAADAS (AUSTRALIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. MASTERLOCK (U.S.): SNAPSHOT
TABLE 079. MASTERLOCK (U.S.): BUSINESS PERFORMANCE
TABLE 080. MASTERLOCK (U.S.): PRODUCT PORTFOLIO
TABLE 081. MASTERLOCK (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. AUGUST HOME (U.S.): SNAPSHOT
TABLE 082. AUGUST HOME (U.S.): BUSINESS PERFORMANCE
TABLE 083. AUGUST HOME (U.S.): PRODUCT PORTFOLIO
TABLE 084. AUGUST HOME (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. KWIKSET (U.S.): SNAPSHOT
TABLE 085. KWIKSET (U.S.): BUSINESS PERFORMANCE
TABLE 086. KWIKSET (U.S.): PRODUCT PORTFOLIO
TABLE 087. KWIKSET (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. TECHLICIOUS LLC. (U.S.): SNAPSHOT
TABLE 088. TECHLICIOUS LLC. (U.S.): BUSINESS PERFORMANCE
TABLE 089. TECHLICIOUS LLC. (U.S.): PRODUCT PORTFOLIO
TABLE 090. TECHLICIOUS LLC. (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. GODREJ GROUP (INDIA): SNAPSHOT
TABLE 091. GODREJ GROUP (INDIA): BUSINESS PERFORMANCE
TABLE 092. GODREJ GROUP (INDIA): PRODUCT PORTFOLIO
TABLE 093. GODREJ GROUP (INDIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 093. ADEL MARKETING (M) SDN. BHD. (MALAYSIA): SNAPSHOT
TABLE 094. ADEL MARKETING (M) SDN. BHD. (MALAYSIA): BUSINESS PERFORMANCE
TABLE 095. ADEL MARKETING (M) SDN. BHD. (MALAYSIA): PRODUCT PORTFOLIO
TABLE 096. ADEL MARKETING (M) SDN. BHD. (MALAYSIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 096. SCHLAGE (U.S.): SNAPSHOT
TABLE 097. SCHLAGE (U.S.): BUSINESS PERFORMANCE
TABLE 098. SCHLAGE (U.S.): PRODUCT PORTFOLIO
TABLE 099. SCHLAGE (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 099. HAVENLOCK: SNAPSHOT
TABLE 100. HAVENLOCK: BUSINESS PERFORMANCE
TABLE 101. HAVENLOCK: PRODUCT PORTFOLIO
TABLE 102. HAVENLOCK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102. INC. (U.S.): SNAPSHOT
TABLE 103. INC. (U.S.): BUSINESS PERFORMANCE
TABLE 104. INC. (U.S.): PRODUCT PORTFOLIO
TABLE 105. INC. (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 105. YALE (U.S.): SNAPSHOT
TABLE 106. YALE (U.S.): BUSINESS PERFORMANCE
TABLE 107. YALE (U.S.): PRODUCT PORTFOLIO
TABLE 108. YALE (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 108. XIAOMI CORPORATION (CHINA): SNAPSHOT
TABLE 109. XIAOMI CORPORATION (CHINA): BUSINESS PERFORMANCE
TABLE 110. XIAOMI CORPORATION (CHINA): PRODUCT PORTFOLIO
TABLE 111. XIAOMI CORPORATION (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 111. LATCHABLE INC. (U.S.): SNAPSHOT
TABLE 112. LATCHABLE INC. (U.S.): BUSINESS PERFORMANCE
TABLE 113. LATCHABLE INC. (U.S.): PRODUCT PORTFOLIO
TABLE 114. LATCHABLE INC. (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 114. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 115. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 116. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 117. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SMART 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 LOCK MARKET OVERVIEW BY TYPE
FIGURE 012. DEADBOLT MARKET OVERVIEW (2016-2030)
FIGURE 013. LEVER HANDLES MARKET OVERVIEW (2016-2030)
FIGURE 014. PADLOCKS MARKET OVERVIEW (2016-2030)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2030)
FIGURE 016. SMART LOCK MARKET OVERVIEW BY PRODUCT
FIGURE 017. BIOMETRIC DOOR LOCKS MARKET OVERVIEW (2016-2030)
FIGURE 018. SMART CARD DOOR LOCKS MARKET OVERVIEW (2016-2030)
FIGURE 019. ELECTRIC STRIKE DOOR LOCKS MARKET OVERVIEW (2016-2030)
FIGURE 020. OTHERS MARKET OVERVIEW (2016-2030)
FIGURE 021. SMART LOCK MARKET OVERVIEW BY TECHNOLOGY
FIGURE 022. BLUETOOTH-BASED MARKET OVERVIEW (2016-2030)
FIGURE 023. WI-FI-BASED MARKET OVERVIEW (2016-2030)
FIGURE 024. SMART LOCK MARKET OVERVIEW BY END USER
FIGURE 025. COMMERCIAL MARKET OVERVIEW (2016-2030)
FIGURE 026. RESIDENTIAL MARKET OVERVIEW (2016-2030)
FIGURE 027. GOVERNMENT MARKET OVERVIEW (2016-2030)
FIGURE 028. NORTH AMERICA SMART LOCK MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 029. EASTERN EUROPE SMART LOCK MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 030. WESTERN EUROPE SMART LOCK MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 031. ASIA PACIFIC SMART LOCK MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 032. MIDDLE EAST & AFRICA SMART LOCK MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 033. SOUTH AMERICA SMART LOCK MARKET OVERVIEW BY COUNTRY (2016-2030)
Frequently Asked Questions :
The forecast period in the Automotive Logistics Market research report is 2024-2032.
ASSA ABLOY (Sweden), Samsung Group (South Korea), Panasonic Corporation (Japan), Guangdong Be-Tech Security Systems (China), Honeywell International Inc. (U.S.), DESSMANN (China), The Chamberlain Group Inc. (U.S.), Kaadas (Australia), Masterlock (U.S.), August Home (U.S.), Kwikset (U.S.), Techlicious LLC. (U.S.), Godrej Group (India), Adel Marketing (M) Sdn. Bhd. (Malaysia), SCHLAGE (U.S.), HavenLock, Inc. (U.S.), YALE (U.S.), Xiaomi Corporation (China), Latchable Inc. (U.S.), and Other Major Players.
The Smart Lock Market is segmented into Type, Product, Technology, End User, and region. By Type, the market is categorized into Deadbolt, Lever Handles, Padlocks, and Others (Knob). By Product, the market is categorized into Biometric Door Locks, Smart Card Door Locks, Electric Strike Door Locks, and Others (Keypad Door Lock). By Technology, the market is categorized into Bluetooth-based, Wi-Fi-Based. By End-Users, the Market Is Categorized into Commercial, Residential, and Government. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Smart locks are innovative electronic keyless locking systems that leverage either Wi-Fi or Bluetooth connectivity to seamlessly communicate with other electronic devices within the home. A smart lock represents a modernized iteration of the conventional door lock.
Global Smart Lock Market Size Was Valued at USD 2.10 Billion In 2022 And Is Projected to Reach USD 9.81 Billion By 2030, Growing at A CAGR of 18.7% From 2024 To 2032.