Global Smart Door Lock Market

Smart Door Lock Market Size, Share, Growth Analysis, By Product(Biometric (Face Recognition, Palm Recognition, Iris Recognition, Fingerprint Recognition), By Type(Deadbolt, Lever Handles, Padlock, Others), By Connectivity Technology(Wi-fi, Bluetooth, Zigbee, Others), By Application(Residential, Commercial, Hospitality, Government), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45J2117 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 66 | Figures: 75

Smart Door Lock Market Insights

Global Smart Door Lock Market size was valued at USD 1.79 Billion in 2022 and is poised to grow from USD 2.14 Billion in 2023 to USD 8.90 Billion by 2031, at a CAGR of 19.50% during the forecast period (2024-2031).

The global smart door lock market is experiencing significant growth and transformation driven by advancements in technology and the increasing adoption of smart home solutions. The market is driven by factors such as enhanced security features, convenience, and remote accessibility provided by smart door locks.

The integration of smart door locks with home automation systems and mobile applications further enhances their appeal. Additionally, the growing trend of smart cities and connected infrastructure is expected to boost the demand for smart door locks. With the rising focus on home security and the increasing preference for connected devices, the global smart door lock market is expected to witness substantial growth in the coming years.

US Smart Door Lock Market is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Smart Door Lock Market size was valued at USD 1.79 Billion in 2022 and is poised to grow from USD 2.14 Billion in 2023 to USD 8.90 Billion by 2031, at a CAGR of 19.50% during the forecast period (2024-2031).

The global Smart Door Lock market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Smart Door Locks. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. 'ASSA ABLOY (Sweden)', 'Allegion (Ireland)', 'Samsung SDS (South Korea)', 'Honeywell International Inc. (United States)', 'Dormakaba (Switzerland)', 'Salto Systems (Spain)', 'August Home (United States)', 'Kwikset (United States)', 'Schlage (United States)', 'Mul-T-Lock (Israel)', 'Yale (United Kingdom)', 'Kaba Group (Switzerland)', 'Hikvision (China)', 'Panasonic Corporation (Japan)', 'Cansec Systems Ltd. (Canada)', 'Guangdong Be-Tech Security Systems Ltd. (China)', 'MIWA Lock Co., Ltd. (Japan)', 'Guangdong Archie Hardware Co., Ltd. (China)', 'Lockitron (United States)', 'Poly-Control (Denmark)'

One key driver of the global smart door lock market is the growing demand for enhanced home security solutions. As homeowners increasingly prioritize safety and convenience, smart door locks provide an advanced and convenient way to secure homes. These locks offer features such as keyless entry, remote access control, and integration with smart home systems, thereby enhancing security and providing peace of mind to homeowners. The increasing adoption of smart home automation and the rising trend of connected homes further contribute to the market growth.

One key market trend in the global Smart Door Lock market is the increasing adoption of smart home technology and the growing emphasis on home security. Smart door locks offer advanced features such as keyless entry, remote access control, and integration with other smart home devices. With the rising popularity of smart home systems, homeowners are looking for convenient and secure ways to protect their properties. Smart door locks provide enhanced security measures, allowing users to monitor and control access to their homes remotely.

One dominant region in the global smart door lock market is North America. The region has witnessed significant adoption of smart home technologies and a growing awareness of the benefits of smart door locks. Factors such as high disposable income, technological advancements, and a well-established infrastructure for home automation contribute to the dominance of North America in the market. The presence of major smart home technology companies and the growing trend of connected homes further support the market's growth in the region.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Smart Door Lock Market

Report ID: SQMIG45J2117

$5,300
BUY NOW GET FREE SAMPLE