Smart Lock Market Size, Share, and Growth Analysis

Global Smart Lock Market

Smart Lock Market By Product (Deadbolt, Level Handlers, Padlock, Server Locks & Latches, Knob Locks, and Others), By Application (Residential, Commercial, Industrial, Institutional & Government), By Authentication Method, By Region -Industry Forecast 2025-2032


Report ID: SQMIG45I2294 | Region: Global | Published Date: June, 2025
Pages: 193 |Tables: 99 |Figures: 71

Format - word format excel data power point presentation

Smart Lock Market Insights

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

Global Smart Lock Market ($ Bn)
Country Share by North America (%)

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Smart Lock Market Segments Analysis

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.

How does Biometric Authentication Improve Deadbolt Lock Security?

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.

How does Biometric Recognition Enhance Residential Smart Locks?

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.

Global Smart Lock Market By Product (%)

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Smart Lock Market Regional Insights

How does High Smart Home Adoption Impact the Market in North America?

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.

US Smart Lock Market

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 Smart Lock Market

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.

Why is Asia-Pacific Experiencing Rapid Growth in the Smart Lock Market?

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 Smart Lock Market

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 Smart Lock Market

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.

How do Regulations Support Smart Lock Deployment in Europe?

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.

UK Smart Lock Market

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.

Frane Smart Lock Market

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 Smart Lock Market

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.

Global Smart Lock Market By Geography
  • Largest
  • Fastest

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Smart Lock Market Dynamics

Smart Lock Market Drivers

Rising Home Automation Adoption

  • 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.

Increasing Security Concerns

  • Rising concerns over home and property security are propelling demand for smart locks. These devices offer advanced features like biometric access, real-time alerts, and activity logs, providing enhanced protection over traditional locks. Consumers are turning to smart locks as proactive solutions to deter break-ins and monitor access remotely with greater control.

Smart Lock Market Restraints

Limited Battery Life and Power Dependency

  • Smart locks rely on batteries or external power sources, making them vulnerable to outages or battery failure. If not monitored regularly, power loss can lock users out or compromise security. This reliability issue creates hesitation among consumers who prioritize consistent and dependable performance over digital convenience.

Compatibility and Integration Issues

  • Smart locks often face challenges integrating with diverse smart home platforms, operating systems, or existing door hardware. Lack of standardization can lead to poor user experience or additional costs for system upgrades. These integration difficulties may discourage consumers seeking seamless, plug-and-play smart home solutions, thus restraining broader market adoption.

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Smart Lock Market Competitive Landscape

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.

  • Founded in 2020, Pealock is a security startup specializing in smart electronic locks for bicycles, scooters, and sports gear. Its flagship product combines GPS, Bluetooth, motion sensors, and GSM to provide real-time theft alerts via a mobile app. A breakthrough R&D innovation extended battery life and integrated insurance activation. This development boosted customer trust and market expansion, positioning Pealock as a go-to solution for micromobility security across Europe.
  • Established in 2015, Openapp builds connected locking solutions for homes and critical infrastructure in emerging markets. Its smart locks support remote control, real-time access logs, and geofencing via mobile and cloud platforms. A key R&D advancement includes a scalable microservices architecture on AWS, enabling mass deployment and modular updates. This innovation has driven adoption across logistics, telecom, and residential sectors in over 350 Indian cities, helping Openapp grow as a reliable smart security provider.

Top Player’s Company Profiles

  • 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)

Recent Developments in Smart Lock Market

  • In January 2025, U-tec launched the Ultraloq Bolt Mission UWB+NFC at CES. This innovative deadbolt incorporates ultra-wideband technology for precise proximity unlocking, NFC tap access, built-in Wi-Fi, and Matter compatibility. It uses spatial awareness to lock and unlock automatically, enhancing user convenience and setting a new benchmark for intelligent, hands-free access in residential security.
  • In May 2025, SwitchBot released its SwitchBot Lock Ultra, integrating advanced 3D facial recognition via the Vision Keypad Vision. It offers multiple access modes including fingerprint, NFC, PIN, and geofencing. Designed for retrofit applications, it features a nine-month rechargeable battery, targeting smart home users who seek both high security and easy installation in existing doors.
  • In November 2024, Nuki unveiled the Smart Lock Ultra, featuring a compact design and a brushless motor inspired by electric vehicle technology. It supports swappable cylinders, LED status rings, and voice assistant integration with Alexa and Google Home. This lock earned a CES Innovation Honor for its advanced performance, aesthetic appeal, and smooth smart home integration.

Smart Lock Key Market Trends

Smart Lock Market SkyQuest Analysis

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
  • Product
    • Deadbolt
    • Level Handlers
    • Padlock
    • Server Locks & Latches
    • Knob Locks
    • Others
  • Application
    • Residential
    • Commercial
    • Industrial
    • Institutional & Government
    • Transportation & Logistics
    • Others
  • Authentication Method
    • Keypad
    • Card Key
    • Touch-Based
    • Key Fob
    • Smartphone-Based
    • Biometric
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
  • 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)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Smart Lock Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Smart Lock Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

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.

Analyst Support

Customization Options

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.

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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.

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FAQs

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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Report ID: SQMIG45I2294

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