Smart Lock Market Major Players with Report Data 2028

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Smart Lock Market Size Worth USD 8.87 Billion in
2028
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Increasing concerns regarding safety and security
of property and valuables, rising penetration of
smart devices, and growing adoption of smart home
automation systems are some key factors driving
market growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
The global smart lock market size is expected to
reach USD 8.87 billion in 2028 at a CAGR of 15.0
during the forecast period, according to the
latest report by Emergen Research. Increasing
need for safety and security of property,
personal items, and other valuable items, rising
adoption of smart home automation systems,
growing preference for smart locks in commercial
and corporate buildings, and rapid advancements
in the smart lock technology are key factors
expected to drive market revenue growth over the
forecast period. Growing use of smart locks in
hospitality sector to improve in-room security
and to regulate access to authorized individuals
in factories, airports, banks, and defense zones,
among others are some other key factors fueling
the revenue growth of the market.
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Market Summary
Some Key Highlights From the Report Deadbolts
segment is expected to account for largest
revenue share in the global market between 2021
and 2028 owing to increasing demand for deadbolts
in residential and commercial buildings as they
offer enhanced security and durability. Rising
adoption of touch-screen deadbolt and smart
deadbolts owing to their easy installation and
remote control is also contributing to the
revenue growth of the segment. Biometric segment
revenue is expected to register robust revenue
CAGR over the forecast period owing to increasing
adoption of biometric smart locks that offer
palm, face, iris, voice, and fingerprint
recognition in residential and commercial
buildings. Revenue growth of this segment can
also be attributed to growing demand for smart
locks integrated with 3D biometric fingerprint
sensors and robust security software that offer
enhanced security and improved user
convenience. Wi-Fi segment revenue is expected
to expand significantly during the forecast
period owing to increasing advancement in Wi-Fi
networks, improvement in remote control
capabilities of Wi-Fi-enabled smart locks, and
real-time alerts delivered by Wi-Fi-based smart
locks that ensure higher level of security and
safe smart home experience. Request Free Sample
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Market Summary
Emergen Research has segmented the global smart
lock market on the basis of lock type,
authentication method, communication protocol,
application outlook, and region Lock Type
Outlook (Revenue, USD Billion 2018-2028) Lever
Handles Deadbolts Padlocks Others Authentication
Method Outlook (Revenue, USD Billion
2018-2028) Pin Code Biometric RFID
Cards Communication Protocol Outlook (Revenue,
USD Billion 2018-2028) Wi-Fi Bluetooth Others
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Market Summary
Application Outlook (Revenue, USD Billion
2018-2028) Residential Commercial Industrial Insti
tutional Government Read More_at_
https//www.emergenresearch.com/industry-report/sm
art-lock-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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