Smart Lock Market: Analysis By Industry Growth, Size, Share, Demand, Trends and Manufacturers Analysis Research Report and Forecast: 2022-2031

Smart locks are like the old-fashioned locks which need a lock and a key to work. Smart locks are talented to deny or grant access remotely through a mobile application. A smart lock can be demarcated as a mechanical and electrical locking device which has the capacity to open wirelessly through authentication by authorized users. Smart locks agree homeowners to arrive their home or deliver others access without the necessity for a traditional key. Smart locks agree users to use several other, more accessible objects like a key fob or a smartphone in order to wirelessly confirm and mechanically and unlock the door. Smart locks can be held to be an extension of home automation or home security. As a result, smart locks can be considered as a part of the Internet of Things. Smart lock market is estimated to detect development in the near future, due to the growing security and safety concerns. The heavy investments done by market players in R&D activities by market players and increasing concentration of society towards IoT is also projected to support market development. Furthermore, factors like growing demand for portable security devices, evolving smart city projects and rising security threats is anticipated to stimulate development. High durability, low installing cost and safety from robbers and attackers in commercial and residential places will improvement market growth. Furthermore, increasing number of smartphones and increasing acceptance of smart technology and integration of smart devices like smartphones and tablets is projected to open new opportunities for smart lock market during the estimate period. But fear of privacy intrusion, fluctuating prices, high cost of devices and loss of smartphones, lack of awareness among end-user might hamper market growing.

The global Smart Lock market is segregated on the basis of Communication Protocol as Bluetooth, Wi-Fi, and Others. Based on Vertical the global Smart Lock market is segmented in Residential, Institution & Government, Industrial, and Commercial. Based on Lock Type the global Smart Lock market is segmented in Padlocks, Deadbolt, Lever Handles, and Other Locks.

The global Smart Lock market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Smart Lock market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

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Competitive Rivalry

Dessmann, Haven Lock, Inc., GATE , Shenzhen Vians Electric Lock Co.,Ltd., Anviz Global, ASSA ABLOY AB, Allegion Plc , Dorma+Kaba Holding AG, Spectrum Brands Holdings, Inc., Salto Systems S.L., and others are among the major players in the global Smart Lock market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Smart Lock Market has been segmented as below:

Smart Lock Market, By Communication Protocol

Bluetooth
Wi-Fi
Others

Smart Lock Market, By Vertical

Residential
Institution & Government
Industrial
Commercial

Smart Lock Market, By Lock Type

Padlocks
Deadbolt
Lever Handles
Other Locks

Smart Lock Market, By Region

North America
Europe
Asia-Pacific
Rest of the World

Smart Lock Market, By Company

Dessmann
Haven Lock, Inc.
GATE
Shenzhen Vians Electric Lock Co.,Ltd.
Anviz Global
ASSA ABLOY AB
Allegion Plc
Dorma+Kaba Holding AG
Spectrum Brands Holdings, Inc.
Salto Systems S.L.
Onity, Inc.
Cansec Systems Ltd.
Gantner Electronic GmbH
Master Lock Company LLC
MIWA Lock Co.
Samsung Electronics Co., Ltd.
Amadas Inc.
Sentrilock, LLC
Avent Security
Poly-Control International ApS

The report covers:

Global Smart Lock market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Smart Lock market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Smart Lock market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players

Report Scope:

The global Smart Lock market report scope includes detailed study covering underlying factors influencing the industry trends.

The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Lock market share. Major industry players with significant revenue share include Dessmann, Haven Lock, Inc., GATE , Shenzhen Vians Electric Lock Co.,Ltd., Anviz Global, ASSA ABLOY AB, Allegion Plc , Dorma+Kaba Holding AG, Spectrum Brands Holdings, Inc., Salto Systems S.L., and others.

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Reasons to Buy this Report:

Gain detailed insights on the Smart Lock industry trends
Find complete analysis on the market status
Identify the Smart Lock market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making

Some of the recent Developments in Smart Lock market are as follows:

Dessmann

06-2017: Gemalto the world leader in digital security, is allowing security and reliable connectivity for Dessmann’s new smart lock platform. The new solution from the global manufacturer of smart locks and safe boxes incorporates Gemalto’s Machine Identification Modules and Secure Elements, allowing users to lock and unlock doors with their smartphones or create digital key chains for multiple locks.

06-2017: Gemalto declares to enable security and reliable connectivity for Dessmann’s new smart lock platform.

Amadas Inc

09-2017: Amadas will cancel its Kickstarter campaign on Monday. The campaign wasn’t as clear as the company hoped, the company’s CEO tells me.

Amadas develops ‘do-it-yourself’ smart door locks.

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