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Smart Lock Market
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Smart Lock Market

Home Electronics And Semiconductor Smart Lock Market

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Smart Lock Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2030, Segmented By Type (Deadbolt, Lever Handles, Padlock); By Application (Residential, Hospitality, Enterprise, Critical Infrastructure); By Region (North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA))

  • Published Date: February 2024
  • Report ID: BWC24116
  • Available Format: PDF
  • Page: 400

Report Overview

Growing awareness and adoption of smart home technology driven by the expanding middle class with their increasing disposable income and rapid urbanization are expected to drive the Global Smart Lock Market during the forecast period between 2024 and 2030.

Global Smart Lock Market – Industry Trends & Forecast Report, 2030

The Global Smart Lock Market size was estimated at USD 2.43 billion in 2023. During the forecast period between 2024 and 2030, the Global Smart Lock Market size is projected to grow at a CAGR of 10.79% reaching a value of USD 4.98 billion by 2030. A prominent driver of the market is the rising adoption of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML). Notably, the increased consumer awareness regarding the benefits and security features of smart door locks is a contributing factor to the market's expansion. The complexity and high efficiency of these locks have led to their deployment in various locations, strengthening overall security measures. Also, the increasing global adoption of smart home technology, coupled with the presence of companies specializing in home automation, contributes to the heightened demand for smart locks. Industry players are dedicated to delivering commercially viable products and advancing solutions, including features like remote locking and opening of doors and windows. Concurrently, the expanding prevalence of homes equipped with voice assistants has led manufacturers to integrate their products with such devices, facilitating voice-controlled lock operations. These innovations are poised to boost the popularity of smart door locks with cameras, meeting the rising demand for sophisticated locking and unlocking systems. The market is expected to grow as there is a heightened necessity to secure diverse properties such as individual residences, hotels, supermarkets, banks, financial institutions, corporate structures, smart lockers, and commercial buildings with advanced security solutions. Hence, such trend is expected to drive market growth throughout the forecast period.

Smart Lock Market

Smart Lock – Overview

Smart locks are advanced electronic systems designed to provide secure and convenient access control to homes, businesses, and other properties, replacing traditional mechanical locks and keys with cutting-edge digital technology. By utilizing methods, such as PIN codes, smartphone apps, keycards, or biometrics like fingerprint or facial recognition, users can effortlessly lock and unlock doors without the need for physical keys. Importantly, many smart locks come equipped with remote control features accessible through smartphone apps or web interfaces, enabling users to monitor and manage their locks from any location with an internet connection. The growing popularity of smart locks is attributed to the convenience and heightened security they bring, making them increasingly prevalent in residential properties, vacation rentals, commercial buildings, and any environment where controlled access is paramount.

Global Smart Lock Market

Growth Drivers

Growing Awareness and Adoption of Smart Home Technology

The integration of smart lock technology is simplifying the lives of professionals and addressing emerging challenges in last-mile delivery. Contemporary innovations, driven by advanced data analytics, artificial intelligence (AI), and the Internet of Things (IoT), are transforming homes into smarter environments, enhancing everyday life. The increasing prevalence of smart devices in residential and commercial properties is a key catalyst for the growth of the smart lock market. Consumer awareness regarding the convenience offered by smart devices plays a significant role in influencing the market's upward trajectory. Additionally, governments’ focus on digitizing public and private sector infrastructure serves as a central driver for smart lock sales growth, reflecting a broader trend of rising awareness and adoption of smart home technology.

Increasing Disposable Income and Urbanization

The smart lock market is witnessing a surge in demand, driven by the widespread connectivity of smart devices across public, private, and residential infrastructures. Varied product designs and operational characteristics, coupled with active market competition, underscore its dynamic nature. The implementation of advanced smart lock systems is gaining momentum, fueled by the heightened focus on security, safety, and property monitoring for theft prevention. This trend aligns with broader socio-economic shifts, including the rise in disposable income and urbanization. The demand for smart locks reflects the evolving needs of urban dwellers and ongoing digitization efforts in both public and private sectors, marking a significant impact on the market landscape.

Challenges

Security Concerns

Security concerns are impeding the growth of the Global Smart Lock Market. A study from the University of Michigan exposes vulnerabilities in the Samsung SmartThings platform, a key player in controlling locks, thermostats, appliances, and security systems. Hackers can exploit weaknesses to compromise pin codes, safety modes, and trigger alarms. Even with strong Bluetooth encryption, the potential for introducing corrupted apps raises significant security issues. The challenges in recovery and associated expenses emphasize the urgent need for robust security measures, contributing to a restraint in the advancement of the Global Smart Lock Market.

Impact of Geopolitical Tensions on Global Smart Lock Market

Intensifying and spreading geopolitical tensions across regions impact the Global Smart Lock Market. As major countries, such as United States and China, engage in diplomatic conflicts and trade disputes, the growth of Smart Lock Market faces a number of challenges. As geopolitical tensions disrupt the global supply chain, they affect the timely procurement of essential components and raw materials. Tariffs and trade barriers imposed by countries further complicate the issue. Consequently, it leads to increased production costs. It, in turn, can limit the demand for smart lock technologies in various markets. In addition, uncertainties, caused by escalating geopolitical tensions, significantly affect consumer behavior. They affect investments in advanced technologies, including smart locks. Concerns over cybersecurity are more evident during geopolitical uncertainties. Governments and regulatory authorities increase scrutiny of technology imports, impacting the international flow of smart lock products. It could also lead to stringent regulations, forcing manufacturers to comply with stricter rules. The impact of escalating geopolitical tensions on the Global Smart Lock Market is manifold, affecting global supply chain, consumer behavior, investments, and regulations.

Global Smart Lock Market

Segmental Coverage

Global Smart Lock Market – By Type

Based on type, the Global Smart Lock Market is divided into Deadbolt, Lever Handles, and Padlock segments. The deadbolt segment holds the highest share in the Global Smart Lock Market by type. It can be attributed to its increasing adoption across diverse sectors, coupled with its ease of installation. Key drivers for this growth include the segment's cost-effectiveness in installation, impressive durability, and effective protection against intrusion. Moreover, companies are actively enhancing their product offerings. For example, Kwikset has broadened its range of innovative deadbolts, incorporating built-in features such as single-touch locks, low battery alerts, and personalized user codes. This strategic product expansion has garnered significant customer interest and contributed to the segment's overall growth.

Global Smart Lock Market – By Application

On the basis of application, the Global Smart Lock Market is divided into Residential, Hospitality, Enterprise, and Critical Infrastructure segments. The residential segment holds the highest market share and is expected to maintain its dominance in the market by application over the forecast period. It is primarily due to the global proliferation of smart home technology and the upswing in new construction and renovation projects across the sector in recent years. The increased affordability of contemporary security solutions, encompassing motion detectors, door and window opening sensors, fingerprint door locks, and remote door locking and unlocking, is anticipated to further propel adoption. A noteworthy trend is the development of locks compatible with technologies like Z-Wave, ZigBee, and BLE, particularly in the mass-market residential sector, attracting a diverse and extensive client base.

Global Smart Lock Market – By Region

Intensifying and spreading geopolitical tensions across regions impact the Global Smart Lock Market. As major countries, such as United States and China, engage in diplomatic conflicts and trade disputes, the growth of Smart Lock Market faces a number of challenges. As geopolitical tensions disrupt the global supply chain, they affect the timely procurement of essential components and raw materials. Tariffs and trade barriers imposed by countries further complicate the issue. Consequently, it leads to increased production costs. It, in turn, can limit the demand for smart lock technologies in various markets. In addition, uncertainties, caused by escalating geopolitical tensions, significantly affect consumer behavior. They affect investments in advanced technologies, including smart locks. Concerns over cybersecurity are more evident during geopolitical uncertainties. Governments and regulatory authorities increase scrutiny of technology imports, impacting the international flow of smart lock products. It could also lead to stringent regulations, forcing manufacturers to comply with stricter rules. The impact of escalating geopolitical tensions on the Global Smart Lock Market is manifold, affecting global supply chain, consumer behavior, investments, and regulations.

Competitive Landscape

Major players operating in Global Smart Lock Market include August Home, Inc., Avent Security, Cansec Systems Ltd, HavenLock, Inc., Schlage, Zigbang Co., Ltd, Smart Locking Logic Proprietary Limited, UniKey Technologies, Inc., Mul-T-Lock Technologies Ltd, and Goji. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In October 2023 - Yale Home enters the United States and Canada smart lock markets by integrating Fingerprint Cards' biometrics into the Yale Assure Lock 2 Touch.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2030

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD billion

Market Coverage

North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA)

Product/ Service Segmentation

Type, Application, Region

Key Players

August Home, Inc., Avent Security, Cansec Systems Ltd, HavenLock, Inc., Schlage, Zigbang Co., Ltd, Smart Locking Logic Proprietary Limited, UniKey Technologies, Inc., Mul-T-Lock Technologies Ltd, Goji

 

By Type

  • Deadbolt

  • Lever Handles

  • Padlock

By Application

  • Residential

  • Hospitality

  • Enterprise

  • Critical Infrastructure

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America (LATAM)

  • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Global Smart Lock Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising awareness and adoption of smart home technology
        2. Increasing disposable income and urbanization
      2. Restraints
        1. Security Concern
      3. Opportunities
        1. Advancement in technology
      4. Challenges
        1. Battery life and dependence
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global Smart Lock Market Marketing Strategies
  5. Global Smart Lock Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Deadbolt
        2. Lever Handles
        3. Padlock
        4. Others
      2. By Application
        1. Residential
        2. Hospitality
        3. Enterprise
        4. Critical Infrastructure
        5. Others
      3. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  6. North America Smart Lock Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. United States
          1. By Type
          2. By Application
        2. Canada
          1. By Type
          2. By Application
  7. Europe Smart Lock Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Germany
          1. By Type
          2. By Application
        2. United Kingdom
          1. By Type
          2. By Application
        3. Italy
          1. By Type
          2. By Application
        4. France
          1. By Type
          2. By Application
        5. Spain
          1. By Type
          2. By Application
        6. Belgium
          1. By Type
          2. By Application
        7. Russia
          1. By Type
          2. By Application
        8. The Netherlands
          1. By Type
          2. By Application
        9. Rest of Europe
          1. By Type
          2. By Application
  8. Asia Pacific Smart Lock Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. China
          1. By Type
          2. By Application
        2. India
          1. By Type
          2. By Application
        3. Japan
          1. By Type
          2. By Application
        4. South Korea
          1. By Type
          2. By Application
        5. Australia & New Zealand
          1. By Type
          2. By Application
        6. Indonesia
          1. By Type
          2. By Application
        7. Malaysia
          1. By Type
          2. By Application
        8. Singapore
          1. By Type
          2. By Application
        9. Vietnam
          1. By Type
          2. By Application
        10. Rest of APAC
          1. By Type
          2. By Application
  9. Latin America Smart Lock Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Brazil
          1. By Type
          2. By Application
        2. Mexico
          1. By Type
          2. By Application
        3. Argentina
          1. By Type
          2. By Application
        4. Peru
          1. By Type
          2. By Application
        5. Rest of LATAM
          1. By Type
          2. By Application
  10. Middle East & Africa Smart Lock Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Saudi Arabia
          1. By Type
          2. By Application
        2. UAE
          1. By Type
          2. By Application
        3. Qatar
          1. By Type
          2. By Application
        4. Kuwait
          1. By Type
          2. By Application
        5. South Africa
          1. By Type
          2. By Application
        6. Nigeria
          1. By Type
          2. By Application
        7. Algeria
          1. By Type
          2. By Application
        8. Rest of MEA
          1. By Type
          2. By Application
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Smart Lock Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  12. Impact of Geopolitical Tensions on Global Smart Lock Market
  13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. August Home, Inc.
    2. Avent Security
    3. Cansec Systems Ltd
    4. HavenLock, Inc.
    5. Schlage
    6. Zigbang Co., Ltd
    7. Smart Locking Logic Proprietary Limited
    8. UniKey Technologies, Inc.
    9. Mul-T-Lock Technologies Ltd
    10. Goji
    11. Other Prominent Players
  14. Key Strategic Recommendations
  15. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research˙
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

 

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       Global Smart Lock Segmentation

Figure 2       Global Smart Lock Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Global Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 5       Global Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 6       Global Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 7       Global Smart Lock Market Share, By Region, By Value, 2019–2030

Figure 8       North America Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 9       North America Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 10     North America Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 11     North America Smart Lock Market Share, By Country, By Value, 2019–2030

Figure 12     United States Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 13     United States Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 14     United States Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 15     Canada Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 16     Canada Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 17     Canada Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 18     Europe Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 19     Europe Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 20     Europe Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 21     Europe Smart Lock Market Share, By Country, By Value, 2019–2030

Figure 22     Germany Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 23     Germany Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 24     Germany Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 25     United Kingdom Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 26     United Kingdom Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 27     United Kingdom Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 28     Italy Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 29     Italy Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 30     Italy Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 31     France Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 32     France Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 33     France Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 34     Spain Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 35     Spain Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 36     Spain Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 37     Belgium Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 38     Belgium Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 39     Belgium Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 40     Russia Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 41     Russia Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 42     Russia Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 43     The Netherlands Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 44     The Netherlands Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 45     The Netherlands Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 46     Rest of Europe Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 47     Rest of Europe Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 48     Rest of Europe Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 49     Asia Pacific Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 50     Asia Pacific Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 51     Asia Pacific Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 52     Asia Pacific Smart Lock Market Share, By Country, By Value, 2019–2030

Figure 53     China Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 54     China Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 55     China Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 56     India Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 57     India Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 58     India Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 59     Japan Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 60     Japan Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 61     Japan Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 62     South Korea Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 63     South Korea Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 64     South Korea Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 65     Australia & New Zealand Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 66     Australia & New Zealand Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 67     Australia & New Zealand Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 68     Indonesia Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 69     Indonesia Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 70     Indonesia Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 71     Malaysia Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 72     Malaysia Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 73     Malaysia Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 74     Singapore Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 75     Singapore Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 76     Singapore Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 77     Vietnam Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 78     Vietnam Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 79     Vietnam Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 80     Rest of APAC Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 81     Rest of APAC Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 82     Rest of APAC Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 83     Latin America Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 84     Latin America Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 85     Latin America Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 86     Latin America Smart Lock Market Share, By Country, By Value, 2019–2030

Figure 87     Brazil Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 88     Brazil Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 89     Brazil Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 90     Mexico Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 91     Mexico Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 92     Mexico Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 93     Argentina Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 94     Argentina Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 95     Argentina Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 96     Peru Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 97     Peru Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 98     Peru Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 99     Rest of LATAM Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 100   Rest of LATAM Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 101   Rest of LATAM Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 102   Middle East and Africa Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 103   Middle East and Africa Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 104   Middle East and Africa Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 105   Middle East and Africa Smart Lock Market Share, By Country, By Value, 2019–2030

Figure 106   Saudi Arabia Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 107   Saudi Arabia Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 108   Saudi Arabia Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 109   UAE Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 110   UAE Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 111   UAE Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 112   Qatar Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 113   Qatar Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 114   Qatar Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 115   Kuwait Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 116   Kuwait Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 117   Kuwait Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 118   South Africa Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 119   South Africa Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 120   South Africa Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 121   Nigeria Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 122   Nigeria Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 123   Nigeria Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 124   Algeria Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 125   Algeria Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 126   Algeria Smart Lock Market Share, By Application, By Value, 2019–2030

Figure 127   Rest of MEA Smart Lock Market Size, By Value (USD Million), 2019–2030

Figure 128   Rest of MEA Smart Lock Market Share, By Type, By Value, 2019–2030

Figure 129   Rest of MEA Smart Lock Market Share, By Application, By Value, 2019–2030

 

List of Tables

 

Table 1        Global Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 2        Global Smart Lock Market Size, By Type, By Value, 2019–2030

Table 3        Global Smart Lock Market Size, By Application, By Value, 2019–2030

Table 4        Global Smart Lock Market Size, By Region, By Value, 2019–2030

Table 5        North America Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 6        North America Smart Lock Market Size, By Type, By Value, 2019–2030

Table 7        North America Smart Lock Market Size, By Application, By Value, 2019–2030

Table 8        North America Smart Lock Market Size, By Country, By Value, 2019–2030

Table 9        United States Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 10      United States Smart Lock Market Size, By Type, By Value, 2019–2030

Table 11      United States Smart Lock Market Size, By Application, By Value, 2019–2030

Table 12      Canada Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 13      Canada Smart Lock Market Size, By Type, By Value, 2019–2030

Table 14      Canada Smart Lock Market Size, By Application, By Value, 2019–2030

Table 15      Europe Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 16      Europe Smart Lock Market Size, By Type, By Value, 2019–2030

Table 17      Europe Smart Lock Market Size, By Application, By Value, 2019–2030

Table 18      Europe Smart Lock Market Size, By Country, By Value, 2019–2030

Table 19      Germany Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 20      Germany Smart Lock Market Size, By Type, By Value, 2019–2030

Table 21      Germany Smart Lock Market Size, By Application, By Value, 2019–2030

Table 22      United Kingdom Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 23      United Kingdom Smart Lock Market Size, By Type, By Value, 2019–2030

Table 24      United Kingdom Smart Lock Market Size, By Application, By Value, 2019–2030

Table 25      Italy Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 26      Italy Smart Lock Market Size, By Type, By Value, 2019–2030

Table 27      Italy Smart Lock Market Size, By Application, By Value, 2019–2030

Table 28      France Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 29      France Smart Lock Market Size, By Type, By Value, 2019–2030

Table 30      France Smart Lock Market Size, By Application, By Value, 2019–2030

Table 31      Spain Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 32      Spain Smart Lock Market Size, By Type, By Value, 2019–2030

Table 33      Spain Smart Lock Market Size, By Application, By Value, 2019–2030

Table 34      Belgium Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 35      Belgium Smart Lock Market Size, By Type, By Value, 2019–2030

Table 36      Belgium Smart Lock Market Size, By Application, By Value, 2019–2030

Table 37      Russia Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 38      Russia Smart Lock Market Size, By Type, By Value, 2019–2030

Table 39      Russia Smart Lock Market Size, By Application, By Value, 2019–2030

Table 40      The Netherlands Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 41      The Netherlands Smart Lock Market Size, By Type, By Value, 2019–2030

Table 42      The Netherlands Smart Lock Market Size, By Application, By Value, 2019–2030

Table 43      Rest of Europe Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 44      Rest of Europe Smart Lock Market Size, By Type, By Value, 2019–2030

Table 45      Rest of Europe Smart Lock Market Size, By Application, By Value, 2019–2030

Table 46      Asia Pacific Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 47      Asia Pacific Smart Lock Market Size, By Type, By Value, 2019–2030

Table 48      Asia Pacific Smart Lock Market Size, By Application, By Value, 2019–2030

Table 49      Asia Pacific Smart Lock Market Size, By Country, By Value, 2019–2030

Table 50      China Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 51      China Smart Lock Market Size, By Type, By Value, 2019–2030

Table 52      China Smart Lock Market Size, By Application, By Value, 2019–2030

Table 53      India Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 54      India Smart Lock Market Size, By Type, By Value, 2019–2030

Table 55      India Smart Lock Market Size, By Application, By Value, 2019–2030

Table 56      Japan Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 57      Japan Smart Lock Market Size, By Type, By Value, 2019–2030

Table 58      Japan Smart Lock Market Size, By Application, By Value, 2019–2030

Table 59      South Korea Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 60      South Korea Smart Lock Market Size, By Type, By Value, 2019–2030

Table 61      South Korea Smart Lock Market Size, By Application, By Value, 2019–2030

Table 62      Australia & New Zealand Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 63      Australia & New Zealand Smart Lock Market Size, By Type, By Value, 2019–2030

Table 64      Australia & New Zealand Smart Lock Market Size, By Application, By Value, 2019–2030

Table 65      Indonesia Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 66      Indonesia Smart Lock Market Size, By Type, By Value, 2019–2030

Table 67      Indonesia Smart Lock Market Size, By Application, By Value, 2019–2030

Table 68      Malaysia Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 69      Malaysia Smart Lock Market Size, By Type, By Value, 2019–2030

Table 70      Malaysia Smart Lock Market Size, By Application, By Value, 2019–2030

Table 71      Singapore Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 72      Singapore Smart Lock Market Size, By Type, By Value, 2019–2030

Table 73      Singapore Smart Lock Market Size, By Application, By Value, 2019–2030

Table 74      Vietnam Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 75      Vietnam Smart Lock Market Size, By Type, By Value, 2019–2030

Table 76      Vietnam Smart Lock Market Size, By Application, By Value, 2019–2030

Table 77      Rest of APAC Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 78      Rest of APAC Smart Lock Market Size, By Type, By Value, 2019–2030

Table 79      Rest of APAC Smart Lock Market Size, By Application, By Value, 2019–2030

Table 80      Latin America Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 81      Latin America Smart Lock Market Size, By Type, By Value, 2019–2030

Table 82      Latin America Smart Lock Market Size, By Application, By Value, 2019–2030

Table 83      Latin America Smart Lock Market Size, By Country, By Value, 2019–2030

Table 84      Brazil Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 85      Brazil Smart Lock Market Size, By Type, By Value, 2019–2030

Table 86      Brazil Smart Lock Market Size, By Application, By Value, 2019–2030

Table 87      Mexico Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 88      Mexico Smart Lock Market Size, By Type, By Value, 2019–2030

Table 89      Mexico Smart Lock Market Size, By Application, By Value, 2019–2030

Table 90      Argentina Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 91      Argentina Smart Lock Market Size, By Type, By Value, 2019–2030

Table 92      Argentina Smart Lock Market Size, By Application, By Value, 2019–2030

Table 93      Peru Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 94      Peru Smart Lock Market Size, By Type, By Value, 2019–2030

Table 95      Peru Smart Lock Market Size, By Application, By Value, 2019–2030

Table 96      Rest of LATAM Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 97      Rest of LATAM Smart Lock Market Size, By Type, By Value, 2019–2030

Table 98      Rest of LATAM Smart Lock Market Size, By Application, By Value, 2019–2030

Table 99      Middle East and Africa Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 100    Middle East and Africa Smart Lock Market Size, By Type, By Value, 2019–2030

Table 101    Middle East and Africa Smart Lock Market Size, By Application, By Value, 2019–2030

Table 102    Middle East and Africa Smart Lock Market Size, By Country, By Value, 2019–2030

Table 103    Saudi Arabia Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 104    Saudi Arabia Smart Lock Market Size, By Type, By Value, 2019–2030

Table 105    Saudi Arabia Smart Lock Market Size, By Application, By Value, 2019–2030

Table 106    UAE Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 107    UAE Smart Lock Market Size, By Type, By Value, 2019–2030

Table 108    UAE Smart Lock Market Size, By Application, By Value, 2019–2030

Table 109    Qatar Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 110    Qatar Smart Lock Market Size, By Type, By Value, 2019–2030

Table 111    Qatar Smart Lock Market Size, By Application, By Value, 2019–2030

Table 112    Kuwait Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 113    Kuwait Smart Lock Market Size, By Type, By Value, 2019–2030

Table 114    Kuwait Smart Lock Market Size, By Application, By Value, 2019–2030

Table 115    South Africa Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 116    South Africa Smart Lock Market Size, By Type, By Value, 2019–2030

Table 117    South Africa Smart Lock Market Size, By Application, By Value, 2019–2030

Table 118    Nigeria Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 119    Nigeria Smart Lock Market Size, By Type, By Value, 2019–2030

Table 120    Nigeria Smart Lock Market Size, By Application, By Value, 2019–2030

Table 121    Algeria Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 122    Algeria Smart Lock Market Size, By Type, By Value, 2019–2030

Table 123    Algeria Smart Lock Market Size, By Application, By Value, 2019–2030

Table 124    Rest of MEA Smart Lock Market Size, By Value (USD Million), 2019–2030

Table 125    Rest of MEA Smart Lock Market Size, By Type, By Value, 2019–2030

Table 126    Rest of MEA Smart Lock Market Size, By Application, By Value, 2019–2030

Table 127    August Home, Inc.  Company Overview

Table 128    August Home, Inc.  Financial Overview

Table 129    Avent Security Company Overview

Table 130    Avent Security Financial Overview

Table 131    Cansec Systems Ltd. Company Overview

Table 132    Cansec Systems Ltd. Financial Overview

Table 133    HavenLock, Inc. Company Overview

Table 134    HavenLock, Inc. Financial Overview

Table 135    Schlage Company Overview

Table 136    Schlage Financial Overview

Table 137    Zigbang Co., Ltd.  Company Overview

Table 138    Zigbang Co., Ltd.  Financial Overview

Table 139    Smart Locking Logic Proprietary Limited Company Overview

Table 140    Smart Locking Logic Proprietary Limited Financial Overview

Table 141    UniKey Technologies, Inc. Company Overview

Table 142    UniKey Technologies, Inc. Financial Overview

Table 143    Mul-T-Lock Technologies Ltd Company Overview

Table 144    Mul-T-Lock Technologies Ltd Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Global Smart Lock Market size was estimated at USD 2.43 billion in 2023.
Ans: Global Smart Lock Market is expected to grow at a CAGR of 10.79% during the forecast period between 2024 and 2030.
Ans: Global Smart Lock Market size is forecast to reach a value of USD 4.98 billion by 2030.
Ans: The growth of the Global Smart Lock Market is primarily driven by the rising awareness and adoption of smart home technology and increasing disposable income and urbanization.
Ans: North America is expected to grow at the fastest CAGR in the Global Smart Lock Market during the forecast period between 2024 and 2030.
Ans: The residential segment is expected to grow at the highest CAGR in the Global Smart Lock Market during the forecast period between 2024 and 2030.
Ans: The deadbolt segment holds a major share in the Global Smart Lock Market by type.
Ans: Key players in Global Smart Lock Market include August Home, Inc., Avent Security, Cansec Systems Ltd, HavenLock, Inc., Schlage, Zigbang Co., Ltd., Smart Locking Logic Proprietary Limited, UniKey Technologies, Inc., and Mul-T-Lock Technologies Ltd, and Goji.