Home » Semiconductor & Electronics » Smart Locks Market

Smart Locks Market By Lock Type (Deadbolt Locks, Lever Handles, Server locks & Latches, Knob Locks, Others) By Communication Protocol (Bluetooth, WiFi, Z-Wave, Others) By Unlocking Mechanism (Keypad, Card Key, Touch Based, Key Fob, Smartphone-Based) – Growth, Future Prospects, Competitive Analysis And Forecast 2016 – 2028

Summary
Table Of Content

About this report

The Global Smart Lock Market report explores the critical analysis of the smart lock industry using key parameters. The report consists of investment strategies, the need for investments in the smart lock industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the smart lock industry and how economic and non-economic barriers are helping the market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses include Porter’s five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Smart Lock Market?

The deadbolt locks segment led the market in terms of lock type in 2021 and is expected to continue throughout the projection period. The increased deployment across various sectors and the ease of installation are attributed to the segment growth. Low installation costs, high durability, and adequate protection against serious intrusion or direct attacks from residential, commercial, and other sources contribute to the segment market’s growth.
The WiFi communication protocol segment dominated the global market in 2021 due to its accessibility from various devices, including laptops, smartphones, and tablets. In addition, these systems’ wireless connectivity and high-speed capabilities expand their application in home automation systems.
In 2021, the touch-based unlocking mechanisms segment held the largest global market share owing to the use of fingerprint recognition technology in smart locks’ touch-based unlocking mechanism. Fingerprint identification is a quick and simple method for recognizing and authenticating people. Modern home security systems can benefit greatly from biometric authentication, a trend emerging with the smart home movement.
The residential vertical segment dominated the global market in 2021 and will continue to dominate throughout the forecast period. The market’s expansion is primarily attributable to the increasing number of construction and renovation projects expected to be undertaken in the sector over the coming years and the growing global smart home penetration. The adoption of smart locks in the residential market is also anticipated to increase due to the decreasing cost of advanced security tools like window and door opening sensors, remote door locking/unlocking, and motion detectors.

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample

Which region dominated the Smart Lock Market?

North America dominated the smart lock market in 2021 and is expected to maintain its dominance throughout the forecast period owing to the advancements in smart lock technology. The increased awareness of home security application solutions and the benefits of smart locks, such as connectivity via smart devices and remote access capabilities, are driving regional market growth. Moreover, the recent surge in the trend of smart homes, increased use of IoT-based services, and the large presence of smart lock manufacturers are factors boosting the growth of the North American market. The United States, Mexico, and Canada are the major countries contributing to the region’s smart lock market growth.

What is the competitive environment of the Smart Lock Market?

The smart lock industry is undergoing rapid transformation. It has consolidated recently, with leading companies competing for the largest market share. Many companies use partnerships, acquisitions, investments, product launches, and R&D to differentiate their portfolios and establish a market presence. For instance, SALTO Systems, a manufacturer of electronic access control solutions, acquired Gantner Electronic Austria Holding GmbH in October 2020 to broaden its product offerings in electronic access control systems. Moreover, adopting IoT to advance non-contact lock technology gained traction as top companies introduced solutions requiring less human interaction. Kwikset introduced its expanded product line in March 2020, which includes Microban SilverShield technology, which helps to reduce viral growth in departmental platforms. The company also intends to broaden its collaboration with Microban by launching key and smart locks developed by the end of 2021.

Executive Summary

What are all the technical developments being developed in the Smart Lock Market?

The rise in global smart home adoption and the influx of companies offering home automation technology drive demand for smart locks. The industry’s players focus on developing commercially viable products and advanced strategies, such as remote locking/opening doors and windows. Besides, as the number of homes equipped with voice assistants grows, manufacturers integrate their offerings with such devices, allowing the voice to control locks. Such advancements increase customer popularity by seeking advanced technology and simple locking/unlocking systems. Communication technologies such as ZigBee, Wi-Fi, Z-wave, Thread, and others enable connectivity in smart home technology. All of these technologies can coexist on a single device. For instance, Netatmo, a French manufacturer of home-based smart devices, announced the release of a new Smart Door Lock and keys that support Apple’s HomeKit standard in 2020. The company also offers three other portable keys that use NFC to open the door securely and quickly.

Which are the key investments by the players in the Smart Lock Market?

As the global market for smart locks is still in its early stages of development, solution providers’ investments in product development have increased, paving the way for innovations that, in turn, contribute to an increase in societal interest in IoT and smart locks. Key market players are actively investing in research and development to improve the usability and customization of the current technology with the emergence of fingerprint and voice recognition technology. For instance, Danalock, a smart lock manufacturer, has released the Danalock V3, which can be controlled using Apple iPhone’s Siri voice commands. Besides, the increased focus and investment in smart city infrastructure have also aided the overall development of the global smart locks market. For example, the Singapore Government Technology Agency (GovTech) invested nearly USD 3.50 billion in 2020 to establish monitoring and security tools for smart city projects.

Some of the major players in the market are Assa Abloy, Dormakaba, Spectrum Brands, SALTO Systems, Allegion plc, Honeywell, Dahua Technology, Vivint, Samsung, ZKTeco, Igloocompany Pte Ltd, RemoteLock, Onity System, Master Lock, MIWA Lock, SentriLock, Avent Security, Shenzhen VIANS Electronic Lock, Anviz Global, Amadas Industries, Gate Labs Inc, and Dessmann Schliessanlagen GmbH.

What are the Major Driving Factors for the Smart Lock Market?

High durability, low installation costs, and protection from attacks or thefts in commercial and residential settings are expected to increase the global adoption of smart locks. The growing popularity of smart homes, security application solutions, and rapid urbanization are expected to drive market revenue growth over the forecast period. The widespread adoption of advanced technology and the incorporation of tablets and smartphones are expected to drive further market growth.

What are the Major Risks for the Smart Lock Market?

High costs and unreliability impede the smart locks market’s growth. Power outages, hacking, and the high cost of switching smart locks are expected to impact market growth during the forecast period negatively. Another significant market restraint is the cost of installing the smart-lock system. The smart lock is cutting-edge technology. This system requires the installation of experts in smart homes. The demand for smart locks may also decline due to these specifications and high costs.

Which is the key Lock Type in the Smart Lock Market?

The deadbolt locks segment led the global lock type market in 2021, owing to increasing applications in various industries and ease of installation. Deadbolts are one of the most common types of exterior house locks. The segment’s growth is driven by high durability, low installation costs, and effective protection against intensive incursions or attacks in commercial, residential, and other verticals. Besides, market leaders like Kwikset are expanding their portfolio of advanced deadbolts with built-in features like low battery warnings, customized user codes, and one-touch locking, attracting a large customer base.

How is the Smart Lock Market performing in regions?

In 2021, North America dominated the global smart lock market and accounted for a major market revenue share owing to the presence of key players and quick technological advancements in both commercial and residential spaces. It is primarily due to widespread technology adoption and the rapid proliferation of smart homes in the United States. According to recent reports, nearly 30% of American internet households intend to purchase a smart lock by the end of 2022. Customers’ high spending power, combined with growing safety concerns, particularly in critical infrastructure and domestic applications, has resulted in a favorable regulatory environment for their adoption. In addition, the rise in burglaries has prompted consumers to spend more money on security options like smart locks to protect their valuables at home or work.

Besides, Asia Pacific is predicted to grow the fastest during the projected period. The increased development of commercial and residential projects, combined with smart lock systems, is expected to fuel regional market growth. Besides, the growing number of R&D activities, manufacturing units, large population base and rapid regional urbanizations drive market growth. Home automation systems have grown in popularity in the region, contributing to the market’s expansion. Smart security solutions combined with wireless technologies such as Wi-Fi, ZigBee, and Bluetooth, on the other hand, are widely used for building home automation systems, which is another major reason for regional growth.

What is the regulatory landscape for the Smart Lock Market?

The shift in government emphasis on digitizing private and public sector infrastructure drives smart lock sales. Digital transformation has resulted in the developing of new products, such as smart locks, and their integration into existing infrastructure. The favorable regulatory framework has made smart lock adoption possible. For instance, the U.S. government approved the new electronic access system developed by Allegion plc, a leading provider of security products and solutions, and Gallagher, a global security manufacturer. The General Services Administration (GSA) has approved the Schlage AD 302 FIPS 201-2 as the first electronic smart lock, granting it access to major federal clients.

What is the Market Size of the Smart Lock regarding value?

The global smart lock market is anticipated to grow at a substantial CAGR of 12.5% in the upcoming years. The global smart lock industry was estimated to be worth USD 1982.4 million in 2021 and was expected to be worth USD 4018.89 million by 2028.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

What are the major players planning for the future of the Smart Lock Market?

Smart locks are expected to be one of the most promising offers among all smart devices over the forecast period. Technological advancements in home and office security systems have set new standards by incorporating keyless entry, voice controls, and app integration. These functions provide numerous future growth opportunities around the world. The emergence of the Internet of Things and connective technologies such as Bluetooth, Wi-Fi, and NFC, as well as the increasing number of smartphones, have fueled the growth of the smart lock market. The market players focus on new product innovations and developments by incorporating cutting-edge technologies and features into the launch of their products and partnership collaboration to meet the increasing demand for smart lock systems. For instance, Allegion Plc introduced the new Schlage Ease range of smart locks in February 2021, which are simple to install and use while providing a wealth of features. These locks provide modern smart functionality with convenience, affordable style, and security for any home and are available in deadbolt or entry lock versions.

Segmentation of Global Smart Lock Market –

Global Smart Lock Market – By Lock Type

Deadbolt Locks
Lever Handles
Server locks & Latches
Knob Locks
Others

Global Smart Lock Market – By Communication Protocol

Bluetooth
WiFi
Z-Wave
Others

Global Smart Lock Market – By Unlocking Mechanism

Keypad
Card Key
Touch Based
Key Fob
Smartphone-Based

Global Smart Lock Market – By Vertical

Commercial
Residential
Institutional & Government
Industrial
Transportation & Logistic

Global Smart Lock Market – By Region

North America
- The U.S.
- Canada
Europe
- Germany
- France
- The U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

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. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Smart Lock Market
2.2. Global Smart Lock Market, By Lock Type
2.3. Global Smart Lock Market, By Communication Protocol
2.4. Global Smart Lock Market, By Unlocking Mechanism
2.5. Global Smart Lock Market, By Vertical
2.6. Global Smart Lock Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Smart Lock Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Lock Type
3.3.2. Communication Protocol
3.3.3. Unlocking Mechanism
3.3.4. Vertical
3.3.5. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021
5.1. Company market share of key players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID 19 Impact Analysis
6.1. Global Smart Lock Market Pre Vs Post COVID 19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Smart Lock Market
7.1. Global Smart Lock Market, by Lock Type, 2016-2028(US$ Bn)
7.1.1. Overview
7.1.2. Global Smart Lock Market, By Lock Type, 2021 vs 2028 (in%)
7.1.3. Global Smart Lock Market, By Deadbolt Locks, 2016-2028 (US$ Bn)
7.1.4. Global Smart Lock Market, By Lever Handles, 2016-2028 (US$ Bn)
7.1.5. Global Smart Lock Market, By Server locks & Latches, 2016-2028 (US$ Bn)
7.1.6. Global Smart Lock Market, By Knob Locks, 2016-2028 (US$ Bn)
7.1.7. Global Smart Lock Market, By Others, 2016-2028 (US$ Bn)
7.2. Global Smart Lock Market, by Communication Protocol, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Global Smart Lock Market, By Communication Protocol, 2021 vs 2028 (in%)
7.2.3. Global Smart Lock Market, By Bluetooth, 2016-2028 (US$ Bn)
7.2.4. Global Smart Lock Market, By WiFi, 2016-2028 (US$ Bn)
7.2.5. Global Smart Lock Market, By Z-Wave, 2016-2028 (US$ Bn)
7.2.6. Global Smart Lock Market, By Others, 2016-2028 (US$ Bn)
7.3. Global Smart Lock Market, by Unlocking Mechanism, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Global Smart Lock Market, By Unlocking Mechanism, 2021 vs 2028 (in%)
7.3.3. Global Smart Lock Market, By Keypad, 2016-2028 (US$ Bn)
7.3.4. Global Smart Lock Market, By Card Key, 2016-2028 (US$ Bn)
7.3.5. Global Smart Lock Market, By Touch Based, 2016-2028 (US$ Bn)
7.3.6. Global Smart Lock Market, By Key Fob, 2016-2028 (US$ Bn)
7.3.7. Global Smart Lock Market, By Smartphone Based, 2016-2028 (US$ Bn)
7.4. Global Smart Lock Market, by Vertical, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Global Smart Lock Market, By Vertical, 2021 vs 2028 (in%)
7.4.3. Global Smart Lock Market, By Commercial, 2016-2028 (US$ Bn)
7.4.4. Global Smart Lock Market, By Residential, 2016-2028 (US$ Bn)
7.4.5. Global Smart Lock Market, By Institutional & Government, 2016-2028 (US$ Bn)
7.4.6. Global Smart Lock Market, By Industrial, 2016-2028 (US$ Bn)
7.4.7. Global Smart Lock Market, By Transportation & Logistic, 2016-2028 (US$ Bn)

8. North America Smart Lock Market Analysis
8.1. North America Smart Lock Market, by Lock Type, 2016-2028(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Smart Lock Market, by Communication Protocol, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Smart Lock Market, by Unlocking Mechanism, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Smart Lock Market, by Vertical, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. SRC Analysis
8.5. North America Smart Lock Market, by Country, 2016-2028 (US$ Bn)
8.5.1. U.S.
8.5.1.1. U.S. Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.5.1.2. U.S. Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
8.5.1.3. U.S. Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
8.5.1.4. U.S. Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
8.5.1.5. U.S. Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
8.5.2. Canada
8.5.2.1. Canada Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.5.2.2. Canada Smart Lock Markets, By Lock Type, 2016-2028 (US$ Bn)
8.5.2.3. Canada Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
8.5.2.4. Canada Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
8.5.2.5. Canada Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)

9. Europe Smart Lock Market Analysis
9.1. Europe Smart Lock Market, by Lock Type, 2016-2028(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Smart Lock Market, by Communication Protocol, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Smart Lock Market, by Unlocking Mechanism, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Smart Lock Market, by Vertical, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. SRC Analysis
9.5. Europe Smart Lock Market, by Country, 2016-2028 (US$ Bn)
9.5.1. Germany
9.5.1.1. Germany Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.1.2. Germany Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
9.5.1.3. Germany Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
9.5.1.4. Germany Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
9.5.1.5. Germany Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
9.5.2. France
9.5.2.1. France Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.2.2. France Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
9.5.2.3. France Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
9.5.2.4. France Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
9.5.2.5. France Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
9.5.3. UK
9.5.3.1. UK Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.3.2. UK Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
9.5.3.3. UK Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
9.5.3.4. UK Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
9.5.3.5. UK Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
9.5.4. Italy
9.5.4.1. Italy Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.4.2. Italy Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
9.5.4.3. Italy Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
9.5.4.4. Italy Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
9.5.4.5. Italy Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
9.5.5. Spain
9.5.5.1. Spain Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.5.2. Spain Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
9.5.5.3. Spain Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
9.5.5.4. Spain Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
9.5.5.5. Spain Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
9.5.6. Rest of Europe
9.5.6.1. Rest of Europe Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.6.2. Rest of Europe Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
9.5.6.3. Rest of Europe Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
9.5.6.4. Rest of Europe Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
9.5.6.5. Rest of Europe Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)

10. Asia Pacific Smart Lock Market Analysis
10.1. Asia Pacific Smart Lock Market, by Lock Type, 2016-2028(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Smart Lock Market, by Communication Protocol, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Smart Lock Market, by Unlocking Mechanism, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Smart Lock Market, by Vertical, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. SRC Analysis
10.5. Asia Pacific Smart Lock Market, by Country, 2016-2028 (US$ Bn)
10.5.1. China
10.5.1.1. China Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.1.2. China Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
10.5.1.3. China Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
10.5.1.4. China Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
10.5.1.5. China Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
10.5.2. Japan
10.5.2.1. Japan Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.2.2. Japan Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
10.5.2.3. Japan Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
10.5.2.4. Japan Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
10.5.2.5. Japan Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
10.5.3. India
10.5.3.1. India Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.3.2. India Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
10.5.3.3. India Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
10.5.3.4. India Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
10.5.3.5. India Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
10.5.4. South Korea
10.5.4.1. South Korea Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.4.2. South Korea Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
10.5.4.3. South Korea Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
10.5.4.4. South Korea Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
10.5.4.5. South Korea Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
10.5.5. South-East Asia
10.5.5.1. South-East Asia Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.5.2. South-East Asia Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
10.5.5.3. South-East Asia Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
10.5.5.4. South-East Asia Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
10.5.5.5. South-East Asia Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
10.5.6. Rest of Asia Pacific
10.5.6.1. Rest of Asia Pacific Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.6.2. Rest of Asia Pacific Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
10.5.6.3. Rest of Asia Pacific Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
10.5.6.4. Rest of Asia Pacific Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
10.5.6.5. Rest of Asia Pacific Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)

11. Latin America Smart Lock Market Analysis
11.1. Latin America Smart Lock Market, by Lock Type, 2016-2028(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Smart Lock Market, by Communication Protocol, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Smart Lock Market, by Unlocking Mechanism, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Smart Lock Market, by Vertical, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. SRC Analysis
11.5. Latin America Smart Lock Market, by Country, 2016-2028 (US$ Bn)
11.5.1. Brazil
11.5.1.1. Brazil Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.5.1.2. Brazil Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
11.5.1.3. Brazil Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
11.5.1.4. Brazil Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
11.5.1.5. Brazil Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
11.5.2. Mexico
11.5.2.1. Mexico Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.5.2.2. Mexico Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
11.5.2.3. Mexico Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
11.5.2.4. Mexico Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
11.5.2.5. Mexico Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
11.5.3. Rest of Latin America
11.5.3.1. Rest of Latin America Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.5.3.2. Rest of Latin America Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
11.5.3.3. Rest of Latin America Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
11.5.3.4. Rest of Latin America Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
11.5.3.5. Rest of Latin America Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)

12. Middle East and Africa Smart Lock Market Analysis
12.1. Middle East and Africa Smart Lock Market, by Lock Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Smart Lock Market, by Communication Protocol, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Smart Lock Market, by Unlocking Mechanism, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Smart Lock Market, by Vertical, 2016-2028(US$ Bn)
12.4.1. Overview
12.4.2. SRC Analysis
12.5. Middle East and Africa Smart Lock Market, by Country, 2016-2028 (US$ Bn)
12.5.1. GCC Countries
12.5.1.1. GCC Countries Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.5.1.2. GCC Countries Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
12.5.1.3. GCC Countries Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
12.5.1.4. GCC Countries Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
12.5.1.5. GCC Countries Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
12.5.2. South Africa
12.5.2.1. South Africa Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.5.2.2. South Africa Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
12.5.2.3. South Africa Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
12.5.2.4. South Africa Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
12.5.2.5. South Africa Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)
12.5.3. Rest of Middle East and Africa
12.5.3.1. Rest of Middle East and Africa Smart Lock Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.5.3.2. Rest of Middle East and Africa Smart Lock Market, By Lock Type, 2016-2028 (US$ Bn)
12.5.3.3. Rest of Middle East and Africa Smart Lock Market, By Communication Protocol, 2016-2028 (US$ Bn)
12.5.3.4. Rest of Middle East and Africa Smart Lock Market, By Unlocking Mechanism, 2016-2028 (US$ Bn)
12.5.3.5. Rest of Middle East and Africa Smart Lock Market, By Vertical, 2016-2028 (US$ Bn)

13. Company Profiles
13.1. Assa Abloy
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Dormakaba
13.3. Spectrum Brands
13.4. SALTO Systems
13.5. Allegion plc
13.6. Honeywell
13.7. Dahua Technology
13.8. Vivint
13.9. Samsung
13.10. ZKTeco
13.11. Igloocompany Pte Ltd
13.12. RemoteLock
13.13. Onity System
13.14. Master Lock
13.15. MIWA Lock
13.16. SentriLock
13.17. Avent Security
13.18. Shenzhen VIANS Electronic Lock
13.19. Anviz Global
13.20. Amadas Industries
13.21. Gate Labs Inc
13.22. Dessmann Schliessanlagen GmbH

List of Figures

FIG. 1 Global Smart Lock Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Smart Lock Market Segmentation
FIG. 4 Global Smart Lock Market, by Lock Type, 2021 (US$ Bn)
FIG. 5 Global Smart Lock Market, by Communication Protocol, 2021 (US$ Bn)
FIG. 6 Global Smart Lock Market, by Unlocking Mechanism, 2021 (US$ Bn)
FIG. 7 Global Smart Lock Market, by Vertical, 2021 (US$ Bn)
FIG. 8 Global Smart Lock Market, by Geography, 2021 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Lock Type, 2021
FIG. 10 Attractive Investment Proposition, by Communication Protocol, 2021
FIG. 11 Attractive Investment Proposition, by Unlocking Mechanism, 2021
FIG. 12 Attractive Investment Proposition, by Vertical, 2021
FIG. 13 Attractive Investment Proposition, by Geography, 2021
FIG. 14 Global Market Share Analysis of Key Smart Lock Market Manufacturers, 2021
FIG. 15 Global Market Positioning of Key Smart Lock Market Manufacturers, 2021
FIG. 16 Global Smart Lock Market Value Contribution, By Lock Type, 2021 & 2028 (Value %)
FIG. 17 Global Smart Lock Market, by Deadbolt Locks, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Smart Lock Market, by Lever Handles, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Smart Lock Market, by Server locks & Latches, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Smart Lock Market, by Knob Locks, Value, 2016-2028 (US$ Bn)
FIG. 21 Global Smart Lock Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 22 Global Smart Lock Market Value Contribution, By Communication Protocol, 2021 & 2028 (Value %)
FIG. 23 Global Smart Lock Market, by Bluetooth, Value, 2016-2028 (US$ Bn)
FIG. 24 Global Smart Lock Market, by WiFi, Value, 2016-2028 (US$ Bn)
FIG. 25 Global Smart Lock Market, by Z-Wave, Value, 2016-2028 (US$ Bn)
FIG. 26 Global Smart Lock Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 27 Global Smart Lock Market Value Contribution, By Unlocking Mechanism, 2021 & 2028 (Value %)
FIG. 28 Global Smart Lock Market, by Keypad, Value, 2016-2028 (US$ Bn)
FIG. 29 Global Smart Lock Market, by Card Key, Value, 2016-2028 (US$ Bn)
FIG. 30 Global Smart Lock Market, by Touch Based, Value, 2016-2028 (US$ Bn)
FIG. 31 Global Smart Lock Market, by Key Fob, Value, 2016-2028 (US$ Bn)
FIG. 32 Global Smart Lock Market, by Smartphone Based, Value, 2016-2028 (US$ Bn)
FIG. 33 Global Smart Lock Market Value Contribution, By Vertical, 2021 & 2028 (Value %)
FIG. 34 Global Smart Lock Market, by Transportation & Logistic, Value, 2016-2028 (US$ Bn)
FIG. 35 Global Smart Lock Market, by Commercial, Value, 2016-2028 (US$ Bn)
FIG. 36 Global Smart Lock Market, by Residential, Value, 2016-2028 (US$ Bn)
FIG. 37 Global Smart Lock Market, by Institutional & Government, Value, 2016-2028 (US$ Bn)
FIG. 38 Global Smart Lock Market, by Industrial, Value, 2016-2028 (US$ Bn)
FIG. 39 U.S. Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 40 Canada Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 41 Germany Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 42 France Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 43 U.K. Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 44 Italy Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 45 Spain Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 46 Rest of Europe Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 47 China Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 48 Japan Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 49 India Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 50 South Korea Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 51 Southeast Asia Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 52 Rest of Asia Pacific Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 53 Latin America Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 54 Brazil Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 55 Mexico Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 56 Rest of Latin America Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 57 Middle East & Africa Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 58 GCC Countries Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 59 South Africa Smart Lock Market, 2016-2028 (US$ Bn)
FIG. 60 Rest of Middle East and Africa Smart Lock Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Smart Lock Market
TABLE 2 Global Smart Lock Market, by Competitive Benchmarking, 2021
TABLE 3 Global Smart Lock Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Smart Lock Market, by Key Strategies Analysis, 2021
TABLE 5 Global Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 6 Global Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 7 Global Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 8 Global Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 9 Global Smart Lock Market, by Geography, 2016-2028 (US$ Bn)
TABLE 10 North America Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 11 North America Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 12 North America Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 13 North America Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 14 North America Smart Lock Market, by Country, 2016-2028 (US$ Bn)
TABLE 15 US Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 16 US Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 17 US Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 18 US Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 19 Canada Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 20 Canada Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 21 Canada Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 22 Canada Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 23 Europe Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 24 Europe Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 25 Europe Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 26 Europe Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 27 Europe Smart Lock Market, by Country, 2016-2028 (US$ Bn)
TABLE 28 Germany Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 29 Germany Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 30 Germany Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 31 Germany Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 32 France Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 33 France Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 34 France Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 35 France Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 36 UK Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 37 UK Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 38 UK Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 39 UK Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 40 Italy Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 41 Italy Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 42 Italy Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 43 Italy Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 44 Spain Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 45 Spain Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 46 Spain Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 47 Spain Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 48 Rest of Europe Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 49 Rest of Europe Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 50 Rest of Europe Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 51 Rest of Europe Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 52 Asia Pacific Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 53 Asia Pacific Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 54 Asia Pacific Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 55 Asia Pacific Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 56 Asia Pacific Smart Lock Market, by Country, 2016-2028 (US$ Bn)
TABLE 57 China Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 58 China Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 59 China Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 60 China Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 61 Japan Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 62 Japan Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 63 Japan Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 64 Japan Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 65 India Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 66 India Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 67 India Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 68 India Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 69 South Korea Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 70 South Korea Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 71 South Korea Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 72 South Korea Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 73 South East Asia Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 74 South East Asia Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 75 South East Asia Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 76 South East Asia Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 77 Rest of Asia Pacific Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 78 Rest of Asia Pacific Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 79 Rest of Asia Pacific Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 80 Rest of Asia Pacific Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 81 Latin America Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 82 Latin America Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 83 Latin America Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 84 Latin America Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 85 Latin America Smart Lock Market, by Country, 2016-2028 (US$ Bn)
TABLE 86 Brazil Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 87 Brazil Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 88 Brazil Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 89 Brazil Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 90 Mexico Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 91 Mexico Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 92 Mexico Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 93 Mexico Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 94 Rest of Latin America Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 95 Rest of Latin America Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 96 Rest of Latin America Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 97 Rest of Latin America Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 98 Middle East and Africa Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 99 Middle East and Africa Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 100 Middle East and Africa Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 101 Middle East and Africa Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 102 Middle East and Africa Smart Lock Market, by Country, 2016-2028 (US$ Bn)
TABLE 103 GCC Countries Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 104 GCC Countries Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 105 GCC Countries Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 106 GCC Countries Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 107 South Africa Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 108 South Africa Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 109 South Africa Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 110 South Africa Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 111 Rest of Middle East and Africa Smart Lock Market, by Lock Type, 2016-2028 (US$ Bn)
TABLE 112 Rest of Middle East and Africa Smart Lock Market, by Communication Protocol, 2016-2028 (US$ Bn)
TABLE 113 Rest of Middle East and Africa Smart Lock Market, by Unlocking Mechanism, 2016-2028 (US$ Bn)
TABLE 114 Rest of Middle East and Africa Smart Lock Market, by Vertical, 2016-2028 (US$ Bn)

Frequently Asked Questions:

How has COVID-19 impacted the global smart lock market?

The global smart lock market also suffered from the COVID-19 pandemic, which resulted in a decline of over 4.6% in revenue generated in 2020. The pandemic has decreased ICT investment, especially in the Internet of Things (IoT), 5G technologies, and other emerging technologies.

Which is the leading market for the global smart lock market?

North American region accounted for the highest share in the global smart lock market regarding value and volume.

What are the key drivers for the growth of the global smart lock market?

The demand for IoT-based products, the rising demand for a top-notch security system for commercial, residential, and industrial buildings, and the increasing research and development activities to introduce the newest and technologically advanced smart lock systems for residential and commercial buildings are the key driving factors for the global smart lock market growth.

Which is the major segment in the smart lock market by Lock Type?

The deadbolt locks segment had a major share in 2021, with more than 30% of the market revenue. Besides, the lever handles segment is projected to witness the fastest growth.

Which is the major segment in the smart lock market by Unlocking Mechanism?

Touch based segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.

Purchase Options

Single User

$3699

Multi User

$4699

Custom Report

$6699

Request Free Sample

Have a question?

Don’t settle for less – trust Mitul to help you find the best solution.

Call: +91 6232 49 3207

EMAIL MITUL

Report delivery within 24 to 48 hours

– Other Info –

–What people say?-

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –