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Smart Locks Market By Application (Residential, Commercial, Hospitality, Industrial, Others) - Growth, Future Prospects, Competitive Analysis And Forecast 2017 - 2025

Published: Nov 2017 | Report Code: 58782-11-17

Smart locks refer to electromagnetic locks designed to operate using smartphones, laptops or similar mobile devices. These locks are typically operated through a mobile app, email or SMS using communication technologies such as Wi-Fi and Bluetooth Smart locks are also capable to monitor and send alerts for any skeptical events to the homeowners. The increasing installation of smart locks can be attributed to the growing popularity of home automation across different regions. Smart locks enable enhanced control enabling the users to lock/unlock the door remotely, irrespective of their location. Additionally, users can extend "digital keys" to friends, family, caregivers and anyone else who is a regularly visitor to the house. Thus, smart locks offer better flexibility as compared to the conventional locks along with improved security features.

The overall smart locks market is primarily driven by the increasing focus towards safety and security among residents as well as commercial spaces. Smart locks offers a plethora of features and thus, allow the users to have a better control over people accessing their homes/commercial spaces. Smart locks offer numerous advantages such as granting permission to others to control the locks with their phones and also the convenience to lock/unlock the door. Moreover, factors such as growing penetration of smartphones, mobile apps and internet usage too contribute significantly to the adoption of smart locks.

Smart Locks Market

The report titled “Global Smart Locks Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global smart locks market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on product type, application and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market. 

In order to help strategic decision makers, the report also includes competitive profiling of the leading smart locks vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are Cansec Systems Ltd., Allegion Plc., Dormakaba Holding AG, Assa Abloy AB, Spectrum Brands, Inc., Master Lock Company LLC, Onity, Inc., Salto Systems S.L., MIWA Lock Co., Ltd. and UniKey Technologies, Inc. among others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the smart locks market
  • Comparative analysis for different segments for the years 2016 & 2025
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
  • Trailing 2-Year market size data (2015 – 2016)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global smart locks market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Smart Lock Market
2.2 Global Smart Lock Market, By Product Type
2.3 Global Smart Lock Market, By Application
2.4 Global Smart Lock Market, By Geography

Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Smart Lock Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Smart Lock Market Analysis, by Product Type
4.1 Market Analysis
4.2 Lever Handles
4.3 Deadbolts
4.4 Padlocks
4.5 Others

Chapter 5 Global Smart Lock Market Analysis, by Application
5.1 Market Analysis
5.2 Residential
5.3 Commercial
5.4 Hospitality
5.5 Industrial
5.6 Others

Chapter 6 North America Smart Lock Market Analysis
6.1 Overview
6.2 North America Smart Lock Market Analysis, By Product Type, 2015 – 2025
6.2.1 Market Analysis
6.3 North America Smart Lock Market Analysis, By Application, 2015 – 2025
6.3.1 Market Analysis
6.4 North America Smart Lock Market Analysis, By Region, 2015 – 2025
6.4.1 U.S.
6.4.1.1 U.S. Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
6.4.1.3 U.S. Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)
6.4.2 Canada
6.4.2.1 Canada Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
6.4.2.3 Canada Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)

Chapter 7 Europe Smart Lock Market Analysis
7.1 Overview
7.2 Europe Smart Lock Market Analysis, By Product Type, 2015 – 2025
7.2.1 Market Analysis
7.3 Europe Smart Lock Market Analysis, By Application, 2015 – 2025
7.3.1 Market Analysis
7.4 Europe Smart Lock Market Analysis, By Region, 2015 – 2025
7.4.1 U.K.
7.4.1.1 U.K. Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
7.4.1.2 U.K. Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)
7.5.1 Germany
7.5.1.1 Germany Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
7.5.1.2 Germany Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)
7.5.2 France
7.5.2.1 France Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
7.5.2.2 France Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)
7.5.3 Rest of Europe
7.5.3.1 Rest of Europe Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
7.5.3.2 Rest of Europe Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)

Chapter 8 Asia Pacific Smart Lock Market Analysis
8.1 Overview
8.2 Asia Pacific Smart Lock Market Analysis, By Product Type, 2015 – 2025
8.2.1 Market Analysis
8.3 Asia Pacific Smart Lock Market Analysis, By Application, 2015 – 2025
8.3.1 Market Analysis
8.4 Asia Pacific Smart Lock Market Analysis, By Region, 2015 – 2025
8.4.1 China
8.4.1.1 China Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
8.4.1.2 China Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)
8.4.2 Japan
8.4.2.1 Japan Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
8.4.2.2 Japan Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)
8.4.3 South Asia
8.4.3.1 South Asia Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
8.4.3.2 South Asia Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)
8.4.4 Rest of Asia Pacific
8.4.4.1 Rest of Asia Pacific Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
8.4.4.2 Rest of Asia Pacific Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)

Chapter 9 Rest of the World (RoW) Smart Lock Market Analysis
9.1 Overview
9.2 RoW Smart Lock Market Analysis, By Product Type, 2015 – 2025
9.2.1 Market Analysis
9.3 RoW Smart Lock Market Analysis, By Application, 2015 – 2025
9.3.1 Market Analysis
9.4 RoW Smart Lock Market Analysis, By Region, 2015 – 2025
9.4.1 Middle East & Africa (MEA)
9.4.1.1 MEA Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
9.4.1.2 MEA Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)
9.4.2 Latin America
9.4.2.1 Latin America Smart Lock Market Revenue, by Product Type, 2015 – 2025 (US$ Mn)
9.4.2.2 Latin America Smart Lock Market Revenue, by Application, 2015 – 2025 (US$ Mn)

Chapter 10 Company Profiles
10.1 Cansec Systems Ltd
10.2 Allegion Plc
10.3 Dormakaba Holding AG
10.4 Assa Abloy AB
10.5 Spectrum Brands, Inc.
10.6 Master Lock Company LLC
10.7 Onity Inc.
10.8 Salto Systems S.L.
10.9 MIWA Lock Co., Ltd.
10.10 UniKey Technologies, Inc.

 Profiles of specific players, if required, shall be added to the report upon request

List of Tables

TABLE 1 Market Snapshot: Global Smart Lock Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 5 North America Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 6 U.S. Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 7 U.S. Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 8 Canada Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 9 Canada Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 10 Europe Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 11 Europe Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 12 U.K. Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 13 U.K. Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 14 Germany Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 15 Germany Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 16 Russia Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 17 Russia Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 18 Rest of Europe Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 19 Rest of Europe Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 20 Asia Pacific Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 21 Asia Pacific Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 22 China Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 23 China Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 24 Japan Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 25 Japan Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 26 South Asia Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 27 South Asia Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 28 Rest of Asia Pacific Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 29 Rest of Asia Pacific Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 30 RoW Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 31 RoW Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 32 MEA Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 33 MEA Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 34 Latin America Smart Lock Market Revenue, By Product Type, 2015 – 2025 (US$ Mn)
TABLE 35 Latin America Smart Lock Market Revenue, By Application, 2015 – 2025 (US$ Mn)
TABLE 36 Cansec Systems Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 37 Allegion Plc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 38 Dormakaba Holding AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 39 Assa Abloy AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 40 Spectrum Brands, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 41 Master Lock Company LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 42 Onity Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 43 Salto Systems S.L.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 44 MIWA Lock Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 45 UniKey Technologies, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)

List of Figures

FIG. 1 Global Smart Lock: Market Segmentation
FIG. 2 Global Smart Lock Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Smart Lock Market, By Product Type, 2016 (US$ Mn)
FIG. 6 Global Smart Lock Market, By Application, 2016 (US$ Mn)
FIG. 7 Global Smart Lock Market, By Geography, 2016 (US$ Mn)
FIG. 8 Global Smart Lock Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
FIG. 9 Attractive Investment Proposition
FIG. 10 Market Positioning of Key Smart Lock Manufacturers, 2016
FIG. 11 Global Smart Lock Market Revenue Contribution, By Product Type, 2016 & 2025 (%)
FIG. 12 Global Lever Handles Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 13 Global Deadbolts Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 14 Global Padlocks Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 15 Global Others Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 16 Global Smart Lock Market Revenue Contribution, By Application, 2016 & 2025 (%)
FIG. 17 Global Smart Lock Market Revenue from Residential, 2015 – 2025, (US$ Mn)
FIG. 18 Global Smart Lock Market Revenue from Commercial, 2015 – 2025, (US$ Mn)
FIG. 19 Global Smart Lock Market Revenue from Hospitality, 2015 – 2025, (US$ Mn)
FIG. 20 Global Smart Lock Market Revenue from Industrial, 2015 – 2025, (US$ Mn)
FIG. 21 Global Smart Lock Market Revenue from Others, 2015 – 2025, (US$ Mn)
FIG. 22 North America Smart Lock Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 23 Europe Smart Lock Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 24 Asia Pacific Smart Lock Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 25 RoW Smart Lock Market Revenue, 2015 – 2025, (US$ Mn)

On the basis of application, the global smart locks market is segmented into following categories:

  • Residential
  • Commercial
  • Hospitality
  • Industrial
  • Others

Their contribution to the global smart lock market in 2016 is as shown in the figure below:

Smart Locks Market

In 2016, the overall smart locks worldwide market was led by the residential segment. The segment contributed to over 1/4th of the total market revenue in 2016. Commercial and hospitality segments follow the residential segment, in terms of revenue and volume. The residential segment growth is primarily attributed to the rising popularity of smart homes worldwide. In addition, growing home automation industry is another prominent factor supporting the market growth. Advanced security tools such as remote door locking, motion detectors and window & door opening sensors have witnessed gradual price decline over the period of time. This in turn is expected to drive the adoption of smart locks in the residential applications in the following years. 

The hospitality segment growth is expected to be significant during the forecast period. Hotels across the world are laying more focus towards improving their security standards. This in turn is expected to bolster the adoption of these keyless access devices in the hospitality sector. Moreover, installation of these systems in hotels are also beneficial in enhancing the brand value of the hotel, thereby favoring the adoption of smart locks.

Based on the geography, the global smart locks market is segmented as per following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East & Africa (MEA)
    • Latin America

 

Smart Locks Market

The global smart locks market is dominated by North America contributing to more than 35% of the overall market revenue in 2016. The smart locks market growth here is majorly attributed to the strong home automation industry and rising spending over security systems. Factors such as sophisticated communication infrastructure, high penetration of smartphone and strong inclination towards ‘smart’ technologies contribute heavily to the market growth here. Furthermore, growing investment in the IoT sector by major companies such as IBM Corporation, Amazon Web Services, Cisco Systems, Inc. and several others would ensure the region maintain its dominant position in the market over the forecast period. 

Asia Pacific is estimated to witness a significant growth over the forecast period. The growth can be attributed to the rising inclination towards home automation in the region. Major markets for smart locks in the region include China, South Korea, Japan and some of the Southeast Asian countries. Rapidly growing penetration of smartphone and internet-based services is estimated to play a major role in smart locks market in the region.

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