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The smart lock market is forecasted to grow by USD 2.31 billion during 2023-2028, accelerating at a CAGR of 13.47% during the forecast period. The report on the smart lock market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing number of smart cities worldwide, integration of HMI technologies in smart locks, and increasing applications of smart security in residential and commercial sectors.
The smart lock market is segmented as below:
By Technology
- WiFi
- Bluetooth
- Zigbee
- Z-wave
By End-user
- Commercial
- Residential
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the smart lock market covers the following areas:
- Smart lock market sizing
- Smart lock market forecast
- Smart lock market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global smart lock market: Allegion Public Ltd. Co., ASSA ABLOY AB, Be Tech Asia Ltd., Carrier Global Corp., Davcor Group Pty Ltd., Dormakaba Holding AG, Dorsetindia.com, Honeywell International Inc., I Leaf Buildpro Pvt. Ltd., iF International Forum Design GmbH, iLockey, Jainson Locks, Napco Security Technologies Inc., Salto Systems SL, Samsung Electronics Co. Ltd., SOLITY Co Ltd., Spectrum Brands Holdings Inc., Tekno Electro Solutions Pvt. Ltd., Vivint Inc., and Yale India.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration with voice assistants and smart home ecosystems."
According to the report, one of the major drivers for this market is the growing number of smart cities worldwide.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Allegion Public Ltd. Co.
- ASSA ABLOY AB
- Be Tech Asia Ltd.
- Carrier Global Corp.
- Davcor Group Pty Ltd.
- Dormakaba Holding AG
- Dorsetindia.com
- Honeywell International Inc.
- I Leaf Buildpro Pvt. Ltd.
- iF International Forum Design GmbH
- iLockey
- Jainson Locks
- Napco Security Technologies Inc.
- Salto Systems SL
- Samsung Electronics Co. Ltd.
- SOLITY Co Ltd.
- Spectrum Brands Holdings Inc.
- Tekno Electro Solutions Pvt. Ltd.
- Vivint Inc.
- Yale India
