USD 5.27 Billion
Report ID:
SQMIG45I2294 |
Region:
Global |
Published Date: June, 2025
Pages:
193
|Tables:
99
|Figures:
71
Global Smart Lock Market size was valued at USD 5.27 Billion in 2023 poised to grow between USD 6.2 Billion in 2024 to USD 12.9 Billion by 2032, growing at a CAGR of 11.51% in the forecast period (2025-2032).
As crime rates and unauthorized entry continue to rise at a global level, individuals, families and businesses alike are starting to question their security situation. Increased awareness of physically securing properties is a driving factor for many consumers to acquire smart locks that provide real added security features like keyless access, real-time notification, and remote locking capabilities, amongst many others. Unlike traditional locks, smart locks allow consumers to log and track events of access and alerts, which are more suited to modern security expectations of entry. As demand for a smarter, faster response to create secure situations, maintaining safety and security is becoming a mandatory expectation in residential and commercial security infrastructure.
The rapid global rise in smartphone ownership has been key trend driving the global smart lock sector usability and popularity. As smartphones become the central control hub for connected devices, their integration with smart locks allows users to lock and unlock doors remotely, share digital access codes, and monitor entries in real time. It is through this technological fusion that enables further user convenience and control, particularly for the technologically inclined consumer. Essentially, the growing presence of smartphones makes it easier for smart locks to be more accessible and usable, therefore increasing market saturation through the automated mode of operation being preferred by consumers when it comes to convenient locking, instead of the conventional locking mechanism.
In what ways will AI contribute to the future of smart locks?
The global smart lock market is being revolutionized by Artificial Intelligence (AI) and the capabilities it enables, including advanced access control, behavioral analytics, and real-time threat detection. Smart locks, powered by AI, can recognize user behavior, such as when they're typically accessing or entering, and can flag those without issue instantaneously, for example, if access is outside of the normal pattern. AI industry intelligence will help encourage trust with users and ultimately spur adoption. Products like Tapo's new product, PalmKey, in which access is granted with a biometric identifier, using unique palm-vein patterns, will serve as a prime example of preciseness with biometric identifiers, while also providing a hands-free, contactless access point. It is clear that the continued advancements in AI will add direct capabilities to next-generation smart lock systems and provide the function, security and scaled expansion into the market.
In 2025, U-tec launched the Ultraloq Bolt with AI-powered Ultra-Wideband (UWB) and NFC technology, allowing users to unlock doors hands-free as they approach. This innovation enhances convenience and security by using AI to detect proximity and authenticate users automatically, marking a major advancement in smart access control systems globally.
Market snapshot - 2025-2032
Global Market Size
USD 5.27 Billion
Largest Segment
Deadbolt
Fastest Growth
Level Handlers
Growth Rate
11.51% CAGR
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The global smart lock market is segmented based on product, application, authentication method, and region. In terms of product, the market is segmented into deadbolts, level handlers, padlock, server locks & latches, knob locks, and others. Based on application, the market is grouped into residential, commercial, industrial, institutional & government, transportation & logistics, and others. Based on authentication methods, the market is segmented into keypad, card key, touch-based, key fob, smartphone-based, and biometric. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
Based on the global smart lock market forecast, deadbolt smart locks dominate the industry due to their superior mechanical strength, reliability, and ease of retrofitting into existing doors. Innovations such as biometric authentication, voice control, and remote access via Wi-Fi and Bluetooth have expanded their appeal. Their straightforward design and enhanced digital integration make them ideal for residential and commercial use, driving widespread adoption and securing deadbolts as the market’s leading smart lock product type.
Level Handlers (lever-handle smart locks) are the fastest-growing segment in the global smart lock market due to their ergonomic design and rising demand in commercial settings like hotels and offices. Their lever-style form factor enhances accessibility and integrates seamlessly with Bluetooth, Wi‑Fi, and touch credentials. This convenience drives rapid adoption in professional environments.
The residential segment dominates the global smart lock market due to increasing adoption of smart home technologies and heightened concerns over home security. Innovations such as biometric recognition, remote access via mobile apps, and integration with virtual assistants enhance user convenience. Easy installation and retrofitting also boost residential usage. These factors, combined with growing urbanization and consumer interest in connected living, make residential applications the largest and most influential market segment.
Commercial smart locks are projected to be the fastest‑growing segment in the global smart lock market, as businesses increasingly demand secure, scalable access control. Their lever-handle designs support user badges, mobile credentials, and audit logs, making them ideal for offices and hospitality. Rapid innovations like UWB-based hands‑free access further boost adoption by enhancing convenience and operational efficiency.
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As per the global smart lock market analysis, North America leads the industry, driven by high smart home adoption, strong consumer awareness, and early technology acceptance. The region benefits from advanced infrastructure, robust security concerns, and increasing integration of IoT devices in households. Major players like August, Kwikset, and Yale contribute to innovation, while growing demand in residential and commercial sectors fuels further expansion. Government focus on smart cities also supports long-term market growth.
The United States holds the largest share of North America’s smart lock market due to high smart home adoption, strong consumer demand for security solutions, and the presence of key industry players like August, Kwikset, and Yale. The market is supported by advanced infrastructure, increasing use of connected devices, and rising awareness about home automation, making the U.S. a central driver of innovation and revenue in the smart lock industry.
Canada contributes steadily to North America’s smart lock market, driven by rising adoption of smart home technologies in urban areas and growing awareness of security automation. Canadian consumers increasingly prefer smart locks with mobile app control and integration with home assistants. Expanding e-commerce channels and increased availability of international brands further fuel demand, positioning Canada as an emerging market for smart lock innovation and residential security solutions.
Asia-Pacific is witnessing rapid growth in the global smart lock market due to increasing urbanization, rising disposable incomes, and growing smartphone penetration. Countries like China, Japan, South Korea, and India are leading adoption through strong residential and commercial demand. Government-driven smart city initiatives and rising awareness of home automation are also contributing factors. Affordable, IoT-enabled lock solutions tailored to regional needs accelerate the market’s expansion across diverse economies in the region.
Japan contributes significantly to the Asia Pacific smart lock market due to its strong focus on home automation and security innovation. The country sees increasing adoption of smart locks with biometric and remote access features, catering to an aging population and tech-savvy consumers. Integration with advanced home systems and a preference for high-quality, durable products support growth. Domestic brands and rising demand in residential buildings drive the global smart lock market share.
South Korea plays a dynamic role in the Asia Pacific smart lock market, driven by its advanced digital infrastructure and widespread adoption of smart home technologies. Leading local brands like Samsung and Gateman provide stylish, AI-integrated solutions that appeal to tech-forward consumers. Government support for smart cities and high consumer demand for convenience, security, and automation accelerate market growth, making South Korea a key innovator and exporter in this sector.
Europe is witnessing steady growth in the global smart lock market, driven by rising home automation, urbanization, and strong emphasis on security. Countries like Germany, the UK, and France are key contributors, supported by favorable regulations and growing awareness of connected living. Innovations in biometric access and wireless connectivity, along with integration into broader smart home systems, are enhancing adoption across both residential and commercial sectors throughout the region.
The United Kingdom is a leading contributor to Europe’s smart lock market, driven by high smart home penetration and strong demand for secure, connected solutions. A tech-savvy population, increasing home automation, and growing concerns over home safety accelerate adoption. Brands benefit from supportive data protection laws and wide e-commerce availability. The UK’s active role in innovation and consumer readiness solidifies its position as a key market in the regional outlook.
France plays a growing role in the Europe’s smart lock market, fueled by increasing smart home adoption and government initiatives promoting energy-efficient living. French consumers are embracing keyless and app-controlled locks for convenience and security. Domestic brands like Netatmo and Legrand support localized solutions. Rising urban population and modernization of residential infrastructure further contribute to France’s expanding smart lock usage across apartments, gated communities, and individual homes.
Italy is an emerging country in Europe’s smart lock market, supported by increasing smart home awareness and residential renovations. Italian consumers are gradually shifting from traditional locks to digital solutions with app access and biometric features. Demand is rising in urban areas and multi-family dwellings. While still developing, Italy shows strong future potential due to favorable adoption trends and integration with broader home automation technologies.
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Rising Home Automation Adoption
Increasing Security Concerns
Limited Battery Life and Power Dependency
Compatibility and Integration Issues
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The global smart lock market outlook is highly competitive, featuring international players like Assa Abloy (Sweden), Allegion (Ireland), August Home (U.S.), Samsung SDS (South Korea), and Yale (U.K.). Companies focus on product innovation, IoT integration, and strategic partnerships. Assa Abloy emphasizes acquisitions and portfolio expansion, while Samsung SDS leverages AI and smart home integration. August Home targets tech-savvy consumers through app-based control and voice assistant compatibility, strengthening its consumer-centric approach.
As per the global smart lock industry analysis, the startup ecosystem is expanding rapidly due to the rising demand for connected security and affordable home automation. Startups are capitalizing on IoT, AI, and mobile integration to offer niche solutions across residential, commercial, and industrial segments. Their agility allows rapid prototyping and personalized product features. However, competition from tech giants and regulatory complexities challenge scalability. Strategic innovation, R&D investments, and localized deployment remain vital to their sustained market growth.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global smart lock industry is evolving rapidly due to growing security concerns, technological integration, and smart home adoption. Rising crime rates, coupled with widespread smartphone penetration, have driven demand for real-time access control and app-based convenience. AI and biometric innovations are transforming product capabilities, while international players and startups alike fuel competition through innovation and strategic partnerships.
Deadbolt locks continue to lead due to strength and ease of integration, while level handle locks show strong growth potential in commercial spaces. Regional dynamics in North America, Asia-Pacific, and Europe reveal varying adoption drivers from urbanization to smart city initiatives. With continuous product advancements and ecosystem integration, global smart lock market strategies are emerging as indispensable assets in both residential and commercial security landscapes.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5.27 Billion |
Market size value in 2032 | USD 12.9 Billion |
Growth Rate | 11.51% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Smart Lock Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Lock Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Lock Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Lock Market for additional countries.
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Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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Global Smart Lock Market size was valued at USD 5.27 Billion in 2023 poised to grow between USD 6.2 Billion in 2024 to USD 12.9 Billion by 2032, growing at a CAGR of 11.51% in the forecast period (2025-2032).
The global smart lock market outlook is highly competitive, featuring international players like Assa Abloy (Sweden), Allegion (Ireland), August Home (U.S.), Samsung SDS (South Korea), and Yale (U.K.). Companies focus on product innovation, IoT integration, and strategic partnerships. Assa Abloy emphasizes acquisitions and portfolio expansion, while Samsung SDS leverages AI and smart home integration. August Home targets tech-savvy consumers through app-based control and voice assistant compatibility, strengthening its consumer-centric approach.'Assa Abloy AB (Sweden)', 'Allegion plc (Ireland)', 'Dormakaba Group (Switzerland)', 'August Home (USA)', 'Samsung SDS (South Korea)', 'Honeywell International Inc. (USA)', 'Yale (United Kingdom)', 'Kwikset (USA)', 'Schlage (USA)', 'SALTO Systems (Spain)', 'Häfele Group (Germany)', 'Openapp (India)', 'Godrej Locks (India)', 'Igloohome (Singapore)', 'Dessmann Smart Lock (China)'
The growing popularity of smart home ecosystems is significantly driving the global smart lock market growth. Consumers increasingly prefer integrated solutions for convenience, security, and remote access. Smart locks that sync with mobile apps, virtual assistants, and other connected devices are in high demand, especially in urban households adopting IoT-based living environments.
Rise of Biometric-Enabled Smart Locks: The demand for biometric authentication—such as fingerprint and facial recognition—is growing rapidly in smart locks. This global smart lock market trend enhances security and user convenience by eliminating physical keys. As privacy concerns grow, manufacturers are investing in secure, AI-powered biometric systems, especially for residential and commercial applications across North America, Europe, and Asia-Pacific.
How does High Smart Home Adoption Impact the Market in North America?
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