Smart Lock Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Report Code: ZMR-3092 | Report Format : | Status : Upcoming |


Global Smart Lock Market: Overview

Smart locks are automatic electromechanical locks which are built to perform the locking and unlocking functions on a door when it receives commands from an authorized device using wireless protocol and a cryptographic key to execute the authorization process. These locking devices open wirelessly with an authorized user’s authentication. By using a smartphone or a cryptographic key, the user can verify wirelessly and mechanically unlock or lock the door. Smart locks are a part of the internet of things (IoT). Locking and unlocking process can also be done using mobile apps and websites which allows the owner of the house to grant access to a third party by sending the virtual key by email or text message. These locks may use Bluetooth or WiFi connection to function and also work well with the smart doorbell.

Global Smart Lock Market: Growth Factors

Growing importance of high-end technology and increased urbanization leads to rising demand for smart homes and novel security systems which thereby boosts the market for smart locks. Low installation cost, high durability, and security from attacks or robbery incidents in residential and commercial places are expected to contribute to the growth of the market. The other factors driving the growth of smart lock market are increasing demand for smart home, increasing urbanization and security solutions. Increasing popularity of the advanced technology and integration of smart devices like tablets and smartphones is also driving the market for smart locks. Adoption of the keyless access devices is likely to get the market into the mainstream. Lack of awareness among end-user and the fluctuating prices is expected to a restraining factor for this market.

Global Smart Lock Market: Segmentation

Smart lock global market is mainly segmented on basis of lock type, vertical, communication protocol, and region. On basis of lock type, the market is segmented into padlocks, deadbolts, lever handles, fingerprint locks, remote locks and other locks (knob locks, rim latch locks). In terms of vertical, market is fragmented into residential, industrial, institution and government and commercial. Based on the communication protocol, the market is classified into Wi-Fi, Bluetooth and other protocols like a threat, Z-wave and NFC among others. By region, the market is divided into North America, Europe, APAC, Middle East and Africa and South America.

Global Smart Lock Market: Regional Analysis

North America is estimated to be the largest market holder for smart locks owing to the demand for enhanced home security, increasing urbanization and demand for smart homes. Penetration of the smartphones and technological advancements is also contributing to the growth of the smart lock market in this region. Europe is expected to be second leading region after North America, owing to the growing urbanization and huge tech-savvy population. Sophisticated keyless systems and integrated devices are responsible to drive the growth in Europe. The market in Asia-Pacific is growing significantly with the growing adoption and awareness of the smart homes.

Global Smart Lock Market: Competitive Players

Some of the major players in the global smart lock market are, Onity, Master Lock, Salto Systems, Cansec Systems, Allegion, ASSA ABLOY AB, Honeywell, Spectrum Brands, Haven Lock, Yale, UniKey Technologies and Samsung SDS Co. Ltd., among others.

Global Smart Lock Market: Regional Segment Analysis

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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Cosmetic Antioxidants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3614 | Report Format:

Global Cosmetic Antioxidants Market: Overview Cosmetic antioxidants are natural substances that are made of vitamins and minerals. These help in fighting against free radicals that can cause harm to DNA, proteins, and lipids. The damaged skin cells lead to aging along with wrinkles, dry skin, da...Read More

Flooring and Carpet Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3472 | Report Format:

Global Flooring and Carpet Market: Overview Any layer of finished material on a floor structure for providing covering is called flooring. Some of the common flooring and carpeting materials include rugs, ceramic tiles, laminates, wood, rubber, etc. The global flooring and carpet market is antic...Read More

Garbage Bag Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3448 | Report Format:

Global Garbage Bag Market: Overview A garbage bag or bin bag refers to a disposable bag that is used to collect, store, dispose, and handle garbage. Garbage bags are mostly made out of plastics and are mostly black in color. Generally, these bags are used to line the insides of dustbins or huge ...Read More

Skin Lightening Products Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3433 | Report Format:

Global Skin Lightening Products Market: Overview Skin lightening products use synthetic or natural ingredients to lighten skin tone or decrease the amount of melanin in the skin to leave a uniform skin complexion. Various lightening agents assist in achieving an even skin tone by diminishing ski...Read More

Liquid Smoke Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts, 2017–2025

Price : $ 3999.00 | Report Code: ZMR-3411 | Report Format:

Global Liquid Smoke Market: Overview Smoke ingredients are majorly accessible in three significant formspowder, aqueous, and oil. Liquid smoke is an artificial smoke element utilized across numerous cuisines to add a smoky fragrance and flavor to the food. Liquid smoke is usually accessible in r...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.