Smart Lock Market - Global Industry Analysis

Smart locks are like the old-fashioned locks which need a lock and a key to work. .The sender sends the key to the receiver and once the key is received by recipient he/ she will be able to unlock the smart lock in the time formerly specified by the sender. Smart locks are capable to deny or grant access remotely through a mobile application.

Smart lock market is anticipated to observe growth in the near future, owing to the growing security and safety concerns. The heavy investments done by market players in R&D activities by market players and rising focus of society towards IoT is also anticipated to support market growth. Additionally, factors such as rising demand for portable security devices, emerging smart city projects and rising security threats is expected to stimulate growth. High durability, low installing cost and security from robbers and attackers in commercial and residential places will boost market growth. Moreover, increasing number of smartphones and rising acceptance of smart technology and integration of smart devices such as smartphones and tablets is predicted to open new opportunities for smart lock market during the forecast period. However, fear of privacy intrusion, fluctuating prices, high cost of devices and loss of smartphones, lack of awareness among end-user might hamper market growth.

On the basis of vertical the smart lock market is divided into commercial, residential and industrial. The residential vertical is expected to show notable growth in the predicted period. Owing to the applications of smart locks in both individual and condominiums houses the demand for the smart lock will propel in the estimated period. Due to the security concern and checking access to unauthorized person is the critical component for security of assets.

Global smart lock market is segmented on the basis of region into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is predicted to have growth in smart lock market owing to the presence of developed countries such as US and Canada. Additionally, these regions are considered to be the most advance in terms of adopting technology. The region has a huge demand owing to the rise in the sales of security systems. Asia Pacific countries such as India, Japan and China are emerging market for smart lock market and are expected to stimulate market demand owing to the increasing focus of major players on targeting the smart lock to cater requirement of customers’ security in these markets. This is anticipated to stimulate market growth.

Major players of smart lock market include Allegion Plc, ASSA ABLOY AB, Spectrum Brands Holdings, Inc., Onity, Inc., Salto Systems S.L., Gantner Electronic GmbH, Cansec Systems Ltd., MIWA Lock Co. and Master Lock Company LLC among others.

The report segments the smart lock market is as follows:

Global Smart Lock Market: By Lock Type Analysis

• Padlocks

Lever Handles

• Deadbolt
• Other Locks

Global Smart Lock Market: By Technology Analysis

• Bluetooth
• Wi-Fi
• Others

Global Smart Lock Market: By Vertical Analysis

• Commercial
  • Retail Stores and Malls   
  • Hospitality
  • Corporate
  • Healthcare
• Residential
  • Condominium
  • Individual Houses
• Industrial
  • Oil & Gas
  • Manufacturing
  • Energy & Power
  • Transportation & Logistics

Global Smart Lock Market: By Region Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

• Chapter 1. Preface
  • 1.1. Report Description
    • 1.1.1. Objective
    • 1.1.2. Target Audience
    • 1.1.3. Unique Selling Proposition (USP) & Offerings
  • 1.2. Research Scope
  • 1.3. Research Methodology
    • 1.3.1. Market Research Process
    • 1.3.2. Market Research Methodology
    • 1.3.3. Level 1: Primary Research
    • 1.3.4. Level 2: Secondary Research
    • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
• Chapter 2. Executive Summary
  • 2.1. Global Smart Lock Market, 2016-2026, (USD Million)
  • 2.2. Smart Lock Market: Market snapshot
• Chapter 3. Global Smart Lock Market - Industry Analysis
  • 3.1. Introduction
  • 3.2. Industry ecosystem analysis
  • 3.3. Technology landscape
  • 3.4. Market Drivers
    • 3.4.1. Growing Security and Safety Concerns
  • 3.5. Restraints
    • 3.5.1. High Cost and Perception of Unreliability
  • 3.6. Opportunity
    • 3.6.1. Increasing Adoption of IOT-Based Security Systems
  • 3.7. Innovation & sustainability
  • 3.8. Regulatory landscape
  • 3.9. Porter's Five Forces Analysis
  • 3.10. PESTEL Analysis
    • 3.11. Smart Lock Market: Market Attractiveness Analysis
    • 3.11.1. Market Attractiveness Analysis by Lock Type Segment
    • 3.11.2. Market Attractiveness Analysis by Technology Segment
    • 3.11.3. Market Attractiveness Analysis by Vertical Segment
    • 3.11.4. Market Attractiveness Analysis by Regional Segment
• Chapter 4. Global Smart Lock Market - Competitive Landscape
  • 4.1. Company Market Share Analysis, 2018
  • 4.2. Strategic Development
    • 4.2.1. Acquisitions and Mergers
    • 4.2.2. New Lock Type Launch
    • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.2.4. Research & Development and Regional Expansion
• Chapter 5. Global Smart Lock Market - Lock Type Segment Analysis
  • 5.1. Global Smart Lock Market Revenue Share, by Lock Type, 2019 & 2026 (USD Million)
  • 5.2. Global Smart Lock Market by Padlocks, 2016 - 2026 (USD Million)
  • 5.3. Global Smart Lock Market by Lever Handles, 2016 - 2026 (USD Million)
  • 5.4. Global Smart Lock Market by Deadbolt, 2016 - 2026 (USD Million)
  • 5.5. Global Smart Lock Market by Other Locks, 2016 - 2026 (USD Million)
• Chapter 6. Global Smart Lock Market - Technology Segment Analysis
  • 6.1. Global Smart Lock Market Revenue Share, by Technology, 2019 & 2026 (USD Million)
  • 6.2. Global Smart Lock Market by Bluetooth, 2016 - 2026 (USD Million)
  • 6.3. Global Smart Lock Market by Wi-Fi, 2016 - 2026 (USD Million)
  • 6.4. Global Smart Lock Market by Others, 2016 - 2026 (USD Million)
• Chapter 7. Global Smart Lock Market - Vertical Segment Analysis
  • 7.1. Global Smart Lock Market by Commercial, 2016 - 2026 (USD Million)
  • 7.2. Global Smart Lock Market by Residential, 2016 - 2026 (USD Million)
  • 7.3. Global Smart Lock Market by Industrial, 2016 - 2026 (USD Million)
• Chapter 8. Global Smart Lock Market - Regional Analysis
  • 8.1. Global Smart Lock Market: Regional Overview
    • 8.1.1. Global Smart Lock Market Revenue Share, By Region, 2019 & 2026 (USD Million)
  • 8.2. North America
    • 8.2.1. North America Smart Lock Market Revenue 2016 - 2026 (USD Million)
    • 8.2.2. North America Smart Lock Market Revenue, By Lock Type, 2016 - 2026 (USD Million)
    • 8.2.3. North America Smart Lock Market Revenue, By Technology, 2016 - 2026 (USD Million)
    • 8.2.4. North America Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
    • 9. U.S. Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
      • 10. U.S. Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
      • 11. U.S. Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
    • 11.1.1. Canada
      • 12. Canada Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
      • 13. Canada Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
      • 14. Canada Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
    • 14.1.1. Mexico
      • 15. Mexico Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
      • 16. Mexico Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
      • 17. Mexico Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
• 17.1. Europe
  • 17.1.1. Europe Smart Lock Market Revenue 2016 - 2026 (USD Million)
  • 17.1.2. Europe Smart Lock Market Revenue, By Lock Type, 2016 - 2026 (USD Million)
  • 17.1.3. Europe Smart Lock Market Revenue, By Technology, 2016 - 2026 (USD Million)
  • 17.1.4. Europe Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
  • 17.1.5. UK
    • 18. UK Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
    • 19. UK Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
    • 20. UK Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
  • 20.1.1. France
    • 21. France Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
    • 22. France Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
    • 23. France Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
  • 23.1.1. Germany
    • 24. Germany Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
    • 25. Germany Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
    • 26. Germany Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
• 26.1. Asia Pacific
  • 26.1.1. Asia Pacific Smart Lock Market Revenue 2016 - 2026 (USD Million)
  • 26.1.2. Asia Pacific Smart Lock Market Revenue, By Lock Type, 2016 - 2026 (USD Million)
  • 26.1.3. Asia Pacific Smart Lock Market Revenue, By Technology, 2016 - 2026 (USD Million)
  • 26.1.4. Asia Pacific Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
  • 26.1.5. China
    • 27. China Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
    • 28. China Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
    • 29. Chian Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
  • 29.1.1. Japan
    • 30. Japan Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
    • 31. Japan Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
    • 32. Japan Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
  • 32.1.1. India
    • 33. India Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
    • 34. India Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
    • 35. India Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
  • 35.1.1. Rest of Asia Pacific
    • 36. Rest of Asia Pacific Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
    • 37. Rest of Asia Pacific Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
    • 38. Rest of Asia Pacific Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
• 38.1. Latin America
  • 38.1.1. Latin America Smart Lock Market Revenue 2016 - 2026 (USD Million)
  • 38.1.2. Latin America Smart Lock Market Revenue, By Lock Type, 2016 - 2026 (USD Million)
  • 38.1.3. Latin America Smart Lock Market Revenue, By Technology, 2016 - 2026 (USD Million)
  • 38.1.4. Latin America Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
  • 38.1.5. Brazil
    • 39. Brazil Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
    • 40. Brazil Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
    • 41. Brazil Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
  • 41.1.1. Rest of Latin America
    • 42. Rest of Latin America Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
    • 43. Rest of Latin America Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
    • 44. Rest of Latin America Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
• 44.1. Middle East & Africa
  • 45. Middle East & Africa Smart Lock Market Revenue 2016 - 2026 (USD Million)
  • 46. Middle East & Africa Smart Lock Market Revenue, by Lock Type, 2016 - 2026 (USD Million)
  • 47. Middle East & Africa Smart Lock Market Revenue, by Technology, 2016 - 2026 (USD Million)
  • 48. Middle East & Africa Smart Lock Market Revenue, By Vertical, 2016 - 2026 (USD Million)
• Chapter 9. Company Profiles
  • 49.1. Allegion Plc
    • 49.1.1. Overview
    • 49.1.2. Financials
    • 49.1.3. Lock Type portfolio
    • 49.1.4. Business strategy
    • 49.1.5. Recent developments
  • 49.2. ASSA ABLOY AB
    • 49.2.1. Overview
    • 49.2.2. Financials
    • 49.2.3. Lock Type portfolio
    • 49.2.4. Business strategy
    • 49.2.5. Recent developments
  • 49.3. Spectrum Brands Holdings, Inc.
    • 49.3.1. Overview
    • 49.3.2. Financials
    • 49.3.3. Lock Type portfolio
    • 49.3.4. Business strategy
    • 49.3.5. Recent developments
  • 49.4. Onity, Inc.
    • 49.4.1. Overview
    • 49.4.2. Financials
    • 49.4.3. Lock Type portfolio
    • 49.4.4. Business strategy
    • 49.4.5. Recent developments
  • 49.5. Salto Systems S.L.
    • 49.5.1. Overview
    • 49.5.2. Financials
    • 49.5.3. Lock Type portfolio
    • 49.5.4. Business strategy
    • 49.5.5. Recent developments
  • 49.6. Gantner Electronic GmbH
    • 49.6.1. Overview
    • 49.6.2. Financials
    • 49.6.3. Lock Type portfolio
    • 49.6.4. Business strategy
    • 49.6.5. Recent developments
  • 49.7. Cansec Systems Ltd.
    • 49.7.1. Overview
    • 49.7.2. Financials
    • 49.7.3. Lock Type portfolio
    • 49.7.4. Business strategy
    • 49.7.5. Recent developments
  • 49.8. MIWA Lock Co.
    • 49.8.1. Overview
    • 49.8.2. Financials
    • 49.8.3. Lock Type portfolio
    • 49.8.4. Business strategy
    • 49.8.5. Recent developments
  • 49.9. Master Lock Company LLC
    • 49.9.1. Overview
    • 49.9.2. Financials
    • 49.9.3. Lock Type portfolio
    • 49.9.4. Business strategy
    • 49.9.5. Recent developments

List of Figures 

1. Global Smart Lock Market Segmentation by Lock Type, Technology, and Geography
2. Global Smart Lock Market, 2019-2026 (USD Million)
3. Porter’s Five Forces Analysis: Smart Lock Market
4. Global Smart Lock Market Attractiveness, by Lock Type
5. Global Smart Lock Market Attractiveness, by Technology
6. Global Smart Lock Market Attractiveness, by Regional
7. Global Smart Lock Market Revenue Share, by Lock Type, 2019 & 2026 (USD Million)
8. Global Smart Lock Market by Padlocks, 2016 – 2026 (USD Million)
9. Global Smart Lock Market by Lever Handles, 2016 – 2026 (USD Million)
10. Global Smart Lock Market Deadbolt, 2016 – 2026 (USD Million)
11. Global Smart Lock Market by Other Locks, 2016 – 2026 (USD Million)
12. Global Smart Lock Market Revenue Share, by Technology, 2019 & 2026 (USD Million)
13. Global Smart Lock Market by Bluetooth, 2016 – 2026 (USD Million)
14. Global Smart Lock Market by Wi-Fi, 2016 – 2026 (USD Million)
15. Global Smart Lock Market by Others, 2016 – 2026 (USD Million)
16. Global Smart Lock Market by Vertical, 2016 – 2026 (USD Million)
17. Global Smart Lock Market by Commercial, 2016 – 2026 (USD Million)
18. Global Smart Lock Market by Residential, 2016 – 2026 (USD Million)
19. Global Smart Lock Market by Industrial, 2016 – 2026 (USD Million)
20. Global Smart Lock Market Revenue Share, by Region, 2019-2026 (USD Million)
21. North America Smart Lock Market, 2016-2026, (USD Million)
22. Europe smart lock market, 2016-2026, (USD Million)
23. Asia Pacific Smart Lock Market, 2016-2026(USD Million)
24. Latin America Smart Lock Market, 2016 – 2026 (USD Million)
25. Middle East & Africa Smart Lock Market, 2016 – 2026, (USD Million)

List of Tables

1. Global smart lock market snapshot
2. Drivers for smart lock market: Impact analysis
3. Restraints of smart lock market: Impact analysis
4. North America Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
5. North America Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
6. North America Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
7. North America Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
8. U.S. Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
9. U.S. Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
10. U.S. Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
11. Canada Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
12. Canada Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
13. Canada Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
14. Mexico Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
15. Mexico Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
16. Mexico Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
17. Europe Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
18. Europe Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
19. Europe Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
20. UK Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
21. UK Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
22. UK Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
23. France Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
24. France Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
25. France Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
26. Germany Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
27. Germany Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
28. Germany Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
29. Rest of Europe Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
30. Rest of Europe Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
31. Rest of Europe Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
32. Asia Pacific Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
33. Asia Pacific Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
34. Asia Pacific Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
35. China Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
36. China Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
37. China Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
38. Japan Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
39. Japan Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
40. Japan Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
41. India Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
42. India Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
43. India Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
44. South Korea Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
45. South Korea Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
46. South Korea Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
47. Rest of Asia Pacific Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
48. Rest of Asia Pacific Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
49. Rest of Asia Pacific Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
50. Latin America Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
51. Latin America Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
52. Latin America Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
53. Brazil Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
54. Brazil Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
55. Brazil Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
56. Rest of Latin America Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
57. Rest of Latin America Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
58. Rest of Latin America Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)
59. Middle East & Africa Smart Lock Market Revenue, By Lock Type, 2016 – 2026 (USD Million) 
60. Middle East & Africa Smart Lock Market Revenue, By Technology, 2016 – 2026 (USD Million)
61. Middle East & Africa Smart Lock Market Revenue, By Vertical, 2016 – 2026 (USD Million)