Smart Door Lock Market, By Product (Electronic Cipher Locks, Fingerprint Locks, Remote Locks, and Others), By Application (Household, Commercial, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Introduction:

An electrical and mechanical locking mechanism known as a "smart lock" can be wirelessly unlocked with authentication from authorised users. Without using a standard key, smart locks enable homeowners to enter their homes or allow access to outsiders. Smart locks enable users to mechanically unlock the door and wirelessly validate the lock using other, more accessible items like a key fob or a smartphone. One can consider smart locks as a logical progression of home automation or security. Smart locks can therefore be categorised as Internet of Things gadgets. Smart locks link through Bluetooth, Wi-Fi, or both and are easy to use. Smart Door Lock Market size accounted for USD 2.08 billion in 2020 and is expected to grow to USD 4.58 in 2030 at a compound annual growth rate (CAGR) of 11.5%.

                                                     Increased demand for Smart Door Lock

The rising Internet of Things (IoT) movement, as well as increased security and privacy concerns, have hastened the adoption of smart home security devices on a global scale. Sales of the products are expected to increase as consumers become more aware of the benefits of modern security systems. Additionally, as the number of smartphone users globally has increased in recent years, more smart locks have been installed due to advantages like convenience and ease of use.

Source: Prophecy Market Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Global Smart Door Lock Market is segmented based on product, application, and region.

On the basis of Product, the Global Smart Door Lock Market is segmented into Electronic Cipher Locks, Fingerprint Locks, Remote Locks, and Others. On the basis of application, the Global Smart Door Lock Market is segmented into Household, Commercial, and Others.  

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Global Smart Door Lock Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2021, North America is expected to hold a major share in the market. The region's growth is mostly attributable to the increased demand for sophisticated smart door locks in nations including the United States, Canada, and Mexico.

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	20220– 2030
Market representation	Revenue in USD Billion & CAGR from 2020 to 2030
Market Segmentation	By Product - Electronic Cipher Locks, Fingerprint Locks, Remote Locks, and Others. By Application - Household, Commercial, and Others.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Smart Door Lock Market report based on device, contain, deployment and region:

Global Smart Door Lock Market, By Product 

• Electronic Cipher Locks
• Fingerprint Locks
• Remote Locks
• Others

Global Smart Door Lock Market, By Application

• Household
• Commercial
• Others

Global Smart Door Lock Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the Global Smart Door Lock Market includes ASSA ABLOY Ltd., Samsung Electronics Co., Ltd., Allegion Plc., Kwikset Corp., MIWA Lock Co, Ltd., Master Lock Co, LLC, Guangdong Be-Tech Group Co, Ltd., Adel Ltd., August Home Inc., and Honeywell International Inc.

Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in August2022, Telstra touts proposed restructures ‘transparency’ and ‘flexibility’, in its newly released plan brochure, Telstra said the restructuring would create better transparency of its assets across its customer and infrastructure businesses, which would "allow management to increase efficiency and effectiveness".

 

• ASSA ABLOY Ltd.*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Samsung Electronics Co., Ltd.
• Allegion Plc.
• Kwikset Corp.
• MIWA Lock Co, Ltd.
• Master Lock Co, LLC.
• Guangdong Be-Tech Group Co, Ltd.
• Adel Ltd.
• August Home Inc.
• Honeywell International Inc

“*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Smart Door Lock Strategies
     • Key Questions this Study will Answer
     • • By Product (Electronic Cipher Locks, Fingerprint Locks, Remote Locks, and Others)
       • By Application (Household, Commercial, and Others)
       • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Smart Door Lock Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

 

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• ASSA ABLOY Ltd., Samsung Electronics Co., Ltd., Allegion Plc., Kwikset Corp., MIWA Lock Co, Ltd., Master Lock Co, LLC, Guangdong Be-Tech Group Co, Ltd., Adel Ltd., August Home Inc., and Honeywell International Inc.

1. The Last Word
   • Future Impact
   • About Us
   • Contact