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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This report studies the global Smart Lock market status and forecast, categorizes the global Smart Lock market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
North America accounted for largest revenue share in the global market in 2020 and is expected to register significant growth going ahead. Rising trend of smart homes, increasing demand for connected devices, and rapid adoption of smart lock systems owing to growing incidence of break-ins are some key factors contributing to the revenue growth of the North America market.
Key companies in the market include Assa Abloy AB, Allegion Plc., dormakaba Holding AG, Spectrum Brands Holdings, Inc., SALTO Systems, Onity, Inc., Samsung SDS, Panasonic Corporation, The Master Lock Company, and Godrej Group.
Regional scope: – North America; Europe; Asia Pacific; Central & South America; MEA
The latest market intelligence study on the Smart Lock market performs an extensive analysis of the competitive landscape and growing investment pocket of the Smart Lock market for the forecast period, 2020 – 2027. The tailor-made study probes into the current and future trends of that are likely to shape the development of the Smart Lock industry to give the business owners a competitive edge and help them stay ahead of their rivals. The best of both research techniques including qualitative and quantitative are applied to gauge the market size, share, and growth rate.
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
Application Outlook (Revenue, USD Billion; 2018-2028)
Residential
Commercial
Industrial
Institutional & Government
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Industry experts conducting the study further estimate the potential of the Smart Lock industry. Such information is important for firms looking to launch an innovative service or product on the market. Industry experts have measured the total volume of the given market. Researchers have calculated the industry in terms of sales by the competitors and end-user – customers. Data on the entire size of the Smart Lock market for a particular product or a service for the forecast period, 2020 to 2027 covered in the report makes it valuable. This information reveals the upper limit of the Smart Lock industry for a specific product or service.
Here are the questions we answer…
What are the future opportunities in store for the vendors operating in the Smart Lock market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Smart Lock market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Smart Lock market growth worldwide?
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Table of Content
Chapter 1. Smart Lock Market Methodology & Sources
1.1. Smart Lock Market Definition
1.2. Smart Lock Market Research Scope
1.3. Smart Lock Market Methodology
1.4. Smart Lock Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Smart Lock Market Key Insights
Chapter 4. Smart Lock Market Segmentation & Impact Analysis
Chapter 5. Smart Lock Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Smart Lock Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Smart Lock Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Smart Lock Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Smart Lock Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…
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