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WiFi Smart Lock Market: Competitive Dynamics & Global Outlook 2024– Top Key players like– Top Key players like Kwikset,Allegion,Dormakaba,Inc.
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Smart door locks are widely available, and allow users to open & close a door without keys. Smart door locks can provide people with a high level of safety that is not provided by typical locks and alarms. Smart door locks offer sophisticated “access control” features to any home or business. Proximity sensors like Bluetooth and NFC can enable a door to unlock whenever an authorized user’s smartphone approaches. Users can also remotely lock and unlock the door, or share access with any number of others, using mobile apps. Physical keypads provide a backup with many locks, but are no longer the main way to let yourself in.
ASSA ABLOY is a global leader. In 2018, the sale of ASSA ABLOY was 457.6 k units, and the company holds a sales share of 18.49%. With the completion of ASSA ABLOY's integration of the US market leader, ASSA ABLOY will reach a 29% market share in 2019, which is much higher than ASSA ABLOY's 10% market share in ordinary locks. Although several mergers and acquisitions have occurred in the past few years, the industry will not become more concentrated as more and more competitors join the industry.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, smart door locks production will show a trend of steady growth. In 2025 the sales volume of smart door locks is estimated to be 14341.3 K units, and the consumption increasing degree will be high. On product prices, the slow downtrend in recent years will maintain in the future.
According to this study, over the next five years the WiFi Smart Lock market will register a 25.7% CAGR in terms of revenue, the global market size will reach US$ 1710 million by 2024, from US$ 540 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in WiFi Smart Lock business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
ASSA ABLOY
Kwikset
Allegion
Dormakaba
August
SALTO
nello
Dessmann
Market Segment by Type, covers
Door Levers Locks
Deadbolts
Padlocks
Market Segment by Applications, can be divided into
Personal Residential
Home Security System
Institution & Government
Commercial Applications
Others
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Related Information:
North America WiFi Smart Lock Market Growth 2019-2024
United States WiFi Smart Lock Market Growth 2019-2024
Asia-Pacific WiFi Smart Lock Market Growth 2019-2024
Europe WiFi Smart Lock Market Growth 2019-2024
EMEA WiFi Smart Lock Market Growth 2019-2024
Global WiFi Smart Lock Market Growth 2019-2024
China WiFi Smart Lock Market Growth 2019-2024
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