Smart Lock Industry Outlook to 2023 – ASSA ABLOY, Allegion, dorma+kaba, Spectrum Brands, Salto Systems, Onity, Cansec Systems, Master Lock

Feb 2019, New York, USA(News)- Global Smart Lock Market to reach USD 3.4 billion by 2025.

Global Smart Lock Market valued approximately USD 1.1 billion in 2016 is anticipated to grow with a healthy growth rate of more than 13.34% over the forecast period 2017-2025. The driving factor for Smart Lock market is the rising adoption of connected home solutions and soaring need to establish connectivity across all electronic devices and users’ houses as a consequence of growing penetration of smart homes as these are the key trends uplifting the market growth and Increasing penetration of smartphones which is also fueling the demand for smart locks over the forecast period. Moreover, technological advancements are estimated to play a key role in the development of this market

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Major Market Players
ASSA ABLOY (Sweden), Allegion (Ireland), dorma+kaba (Switzerland), Spectrum Brands (US), Salto Systems (Spain), Onity (US), Cansec Systems (Canada), Master Lock

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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by Lock Type
§ Deadbolts
§ Lever Handles
§ Padlocks
§ Other Locks

by Communication Protocol
§ Bluetooth
§ Wi-Fi
§ Other Protocols (Zigbee, Z-Wave, Thread, and NFC, among others)

by Vertical
§ Commercial
§ Residential
§ Institution & Government
§ Industrial

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Research Objective:
To study and analyze the global Smart Lock consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Smart Lock market by identifying its various sub-segments.
Focuses on the key global Smart Lock manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smart Lock with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Smart Lock sub-markets, with respect to key regions (along with their respective key countries).

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This release was published on openPR.