Smart Locks Market Overview:
Market Snapshot:
Smart Locks Market - Report Coverage:
COVID-19 / Ukraine Crisis - Impact Analysis:
Key Takeaways:
- The Asia Pacific region emerges as the fastest-growing market for smart locks, driven by rapid urbanization, increasing disposable incomes, and a burgeoning middle class. Rising awareness of smart home technologies, coupled with expanding infrastructure development, propels the demand for convenient and secure access solutions across the region.
- Deadbolts are experiencing the highest growth in the smart locks market due to their widespread use in residential and commercial properties. Their retrofit-friendly design and enhanced security features make them a popular choice among consumers seeking to upgrade to smart access control solutions while maintaining traditional door hardware.
- Direct sales emerge as the highest-growing sales channel in the smart locks market due to manufacturers' direct-to-consumer approach, offering personalized customer experiences, efficient product support, and competitive pricing. This strategy bypasses intermediaries, allowing companies to establish direct relationships with customers, driving sales and enhancing brand loyalty.
- Hospitality emerges as the fastest-growing end-use application in the smart locks market due to the industry's increasing emphasis on enhancing guest experiences through seamless access control. Smart locks offer hotels and vacation rentals convenient, secure, and contactless entry solutions, aligning with evolving guest preferences and safety concerns amidst the pandemic.
Smart Locks Market Segment Analysis – By Technology Type
Smart Locks Market Segment Analysis – By Product Type
Smart Locks Market Segment Analysis – By Integration Level
Smart Locks Market Segment Analysis – By Sales Channel
Smart Locks Market Segment Analysis – By End Use Application
Smart Locks Market Segment Analysis – By Geography
Smart Locks Market Drivers
Growing Adoption of Smart Home Technology
Rising Concerns Regarding Home Security
Smart Locks Market Challenges
Smart Locks are Susceptible to Hacking and Unauthorized Access
Market Landscape
Developments:
- In August 2023, August Home, Inc., released the August doorbell-cam with built-in two-way audio and improved motion detection. They also announced a partnership with Airbnb to streamline smart lock access for rentals.
- In January 2023, Schlage launched the Schlage Encode Smart WiFi Lever, expanding their smart lock options. This comes on the heels of their 2022 Schlage Encode Plus which unlocks with Apple Watch. These advancements highlight their focus on user convenience and wider smart home integration.
LIST OF TABLES
1.Global Smart Lock Market, By Product Type Market 2023-2030 ($M)
1.1 Deadbolt Market 2023-2030 ($M) - Global Industry Research
1.1.1 Key Growth Factor And Opportunity Market 2023-2030 ($M)
1.2 Lever Handle Market 2023-2030 ($M) - Global Industry Research
1.3 Padlock Market 2023-2030 ($M) - Global Industry Research
2.Global Smart Lock Market, By Technology Market 2023-2030 ($M)
2.1 Wi-Fi Market 2023-2030 ($M) - Global Industry Research
2.2 Bluetooth Market 2023-2030 ($M) - Global Industry Research
3.Global Smart Lock Market, By End User Market 2023-2030 ($M)
3.1 Residential Market 2023-2030 ($M) - Global Industry Research
3.2 Commercial Market 2023-2030 ($M) - Global Industry Research
4.Global Smart Lock Market, By Product Type Market 2023-2030 (Volume/Units)
4.1 Deadbolt Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 Key Growth Factor And Opportunity Market 2023-2030 (Volume/Units)
4.2 Lever Handle Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Padlock Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Smart Lock Market, By Technology Market 2023-2030 (Volume/Units)
5.1 Wi-Fi Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Bluetooth Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Smart Lock Market, By End User Market 2023-2030 (Volume/Units)
6.1 Residential Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Commercial Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Smart Lock Market, By Product Type Market 2023-2030 ($M)
7.1 Deadbolt Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Key Growth Factor And Opportunity Market 2023-2030 ($M)
7.2 Lever Handle Market 2023-2030 ($M) - Regional Industry Research
7.3 Padlock Market 2023-2030 ($M) - Regional Industry Research
8.North America Smart Lock Market, By Technology Market 2023-2030 ($M)
8.1 Wi-Fi Market 2023-2030 ($M) - Regional Industry Research
8.2 Bluetooth Market 2023-2030 ($M) - Regional Industry Research
9.North America Smart Lock Market, By End User Market 2023-2030 ($M)
9.1 Residential Market 2023-2030 ($M) - Regional Industry Research
9.2 Commercial Market 2023-2030 ($M) - Regional Industry Research
10.South America Smart Lock Market, By Product Type Market 2023-2030 ($M)
10.1 Deadbolt Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Key Growth Factor And Opportunity Market 2023-2030 ($M)
10.2 Lever Handle Market 2023-2030 ($M) - Regional Industry Research
10.3 Padlock Market 2023-2030 ($M) - Regional Industry Research
11.South America Smart Lock Market, By Technology Market 2023-2030 ($M)
11.1 Wi-Fi Market 2023-2030 ($M) - Regional Industry Research
11.2 Bluetooth Market 2023-2030 ($M) - Regional Industry Research
12.South America Smart Lock Market, By End User Market 2023-2030 ($M)
12.1 Residential Market 2023-2030 ($M) - Regional Industry Research
12.2 Commercial Market 2023-2030 ($M) - Regional Industry Research
13.Europe Smart Lock Market, By Product Type Market 2023-2030 ($M)
13.1 Deadbolt Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Key Growth Factor And Opportunity Market 2023-2030 ($M)
13.2 Lever Handle Market 2023-2030 ($M) - Regional Industry Research
13.3 Padlock Market 2023-2030 ($M) - Regional Industry Research
14.Europe Smart Lock Market, By Technology Market 2023-2030 ($M)
14.1 Wi-Fi Market 2023-2030 ($M) - Regional Industry Research
14.2 Bluetooth Market 2023-2030 ($M) - Regional Industry Research
15.Europe Smart Lock Market, By End User Market 2023-2030 ($M)
15.1 Residential Market 2023-2030 ($M) - Regional Industry Research
15.2 Commercial Market 2023-2030 ($M) - Regional Industry Research
16.APAC Smart Lock Market, By Product Type Market 2023-2030 ($M)
16.1 Deadbolt Market 2023-2030 ($M) - Regional Industry Research
16.1.1 Key Growth Factor And Opportunity Market 2023-2030 ($M)
16.2 Lever Handle Market 2023-2030 ($M) - Regional Industry Research
16.3 Padlock Market 2023-2030 ($M) - Regional Industry Research
17.APAC Smart Lock Market, By Technology Market 2023-2030 ($M)
17.1 Wi-Fi Market 2023-2030 ($M) - Regional Industry Research
17.2 Bluetooth Market 2023-2030 ($M) - Regional Industry Research
18.APAC Smart Lock Market, By End User Market 2023-2030 ($M)
18.1 Residential Market 2023-2030 ($M) - Regional Industry Research
18.2 Commercial Market 2023-2030 ($M) - Regional Industry Research
19.MENA Smart Lock Market, By Product Type Market 2023-2030 ($M)
19.1 Deadbolt Market 2023-2030 ($M) - Regional Industry Research
19.1.1 Key Growth Factor And Opportunity Market 2023-2030 ($M)
19.2 Lever Handle Market 2023-2030 ($M) - Regional Industry Research
19.3 Padlock Market 2023-2030 ($M) - Regional Industry Research
20.MENA Smart Lock Market, By Technology Market 2023-2030 ($M)
20.1 Wi-Fi Market 2023-2030 ($M) - Regional Industry Research
20.2 Bluetooth Market 2023-2030 ($M) - Regional Industry Research
21.MENA Smart Lock Market, By End User Market 2023-2030 ($M)
21.1 Residential Market 2023-2030 ($M) - Regional Industry Research
21.2 Commercial Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Smart Locks Market Revenue, 2023-2030 ($M)
2.Canada Smart Locks Market Revenue, 2023-2030 ($M)
3.Mexico Smart Locks Market Revenue, 2023-2030 ($M)
4.Brazil Smart Locks Market Revenue, 2023-2030 ($M)
5.Argentina Smart Locks Market Revenue, 2023-2030 ($M)
6.Peru Smart Locks Market Revenue, 2023-2030 ($M)
7.Colombia Smart Locks Market Revenue, 2023-2030 ($M)
8.Chile Smart Locks Market Revenue, 2023-2030 ($M)
9.Rest of South America Smart Locks Market Revenue, 2023-2030 ($M)
10.UK Smart Locks Market Revenue, 2023-2030 ($M)
11.Germany Smart Locks Market Revenue, 2023-2030 ($M)
12.France Smart Locks Market Revenue, 2023-2030 ($M)
13.Italy Smart Locks Market Revenue, 2023-2030 ($M)
14.Spain Smart Locks Market Revenue, 2023-2030 ($M)
15.Rest of Europe Smart Locks Market Revenue, 2023-2030 ($M)
16.China Smart Locks Market Revenue, 2023-2030 ($M)
17.India Smart Locks Market Revenue, 2023-2030 ($M)
18.Japan Smart Locks Market Revenue, 2023-2030 ($M)
19.South Korea Smart Locks Market Revenue, 2023-2030 ($M)
20.South Africa Smart Locks Market Revenue, 2023-2030 ($M)
21.North America Smart Locks By Application
22.South America Smart Locks By Application
23.Europe Smart Locks By Application
24.APAC Smart Locks By Application
25.MENA Smart Locks By Application
26.Assa Abloy Ab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Haven Lock, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Honeywell International Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Panasonic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Samsung Sd Co Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Schlage, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Spectrum Brands, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Unikey Technology Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Vivint, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)