Smart Locks Market to 2023 with Top Key Players Analysis Schlage, Panasonic Corporation, ASSA ABLOY AB, Haven Lock
The global smart locks market accounted for $473.1 million in 2017 and is expected to reach $1,175.1 million by 2023, registering a CAGR of 16.4% during the period 2017–2023.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2261
Increase in concerns regarding safety, high adoption of smart homes, and growing demand for IoT enabled devices have boosted the growth of the global smart locks market. However, connectivity issues in developing countries and high cost of smart locks hamper market growth. On the contrary, rising penetration of smartphones that enable remote control features and improvement in living standards across the world are expected to create lucrative opportunities for the market players in the near future.
Deadbolt segment holds largest share
The deadbolt segment accounted the largest share in the market, contributing about half of the total market in 2017, as it offers enhanced protection against forceful attack in residential and commercial spaces. However, the lever handle segment is expected to register the fastest CAGR of 18.1% during the forecast period, owing to its effectiveness to unlock doors with its keyless solution and wide range of applications in the commercial utility segment such as garages, workshops, offices, and hotels. The report analyzes other segments such as padlock and others.
Flat 20% Discount on this report: https://www.alliedmarketresearch.com/checkout/351196
* Offer Valid Till 20th April 2019
Wi-Fi segment to manifest fastest growth
The Wi-Fi segment is estimated to portray the fastest growth, registering CAGR of 17.4% during the study period, owing to increase in adoption of smart homes and its ability to easily connect with single internet connection. However, the Bluetooth segment garnered the largest share in 2017, contributing more than half of the total market, owing to increasing penetration of smartphones to unlock doors using Bluetooth.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2261
Top market players
The report profiled the major market players including Schlage, Panasonic Corporation, ASSA ABLOY AB, Haven Lock, Inc., Spectrum Brands, Inc., Honeywell International Inc., Vivint, Inc., UniKey Technologies Inc., August Home, and Samsung SDS Co. Ltd.
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Locks Market to 2023 with Top Key Players Analysis Schlage, Panasonic Corporation, ASSA ABLOY AB, Haven Lock here
News-ID: 1681883 • Views: 707
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Schlage
WiFi Smart Lock Market Global Outlook 2020-2027: August, Sony, Goji, Lockitron, …
The Global WiFi Smart Lock Market report provides a detailed analysis of the market by end-user (replacement and OEM) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several WiFi Smart Lock manufacturers including August, Sony, Goji, Lockitron, August, Schlage Sense, Sesame, Dormakaba. (Exclusive Offer: Up to 20% discount on this report) Get a Free Sample Copy of the Report
Global Smart Lock Market Forecast 2019-2026 Haven, UniKey Technologies Inc.,Yale …
Market study on Global Smart Lock 2019 Research Report presents a professional and complete analysis of Global Smart Lock Market on the current market situation. Report provides a general overview of the Smart Lock industry 2019 including definitions, classifications, Smart Lock market analysis, a wide range of applications and Smart Lock industry chain structure. The 2019's report on Smart Lock industry offers the global Smart Lock development history, development trends
Electronic Locks Market is Booming Worldwide| Commtech, Schlage, Videx Security, …
HTF MI recently introduced Global Electronic Locks Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Commtech, Schlage(Allegion), Kaba, Onity, Salto Systems, Kwikset(Spectrum Brands)Inc.), Dynalock, Simonsvoss Technologies
Global Builders and Cabinet Hardware Market 2018 - Allegion plc, Schlage, Ashlan …
Apex Market Research, recently published a detailed market research study focused on the “Builders and Cabinet Hardware Market” across the global, regional and country level. The report provides 360° analysis of “Builders and Cabinet Hardware Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend
Digital Door Lock Systems Market is Booming Worldwide| Honeywell, Adel Lock, Kwi …
HTF MI recently introduced World Digital Door Lock Systems Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Godrej & Boyce, Assa Abloy Group, Honeywell International, Vivint,
Global Digital Door Lock Systems Market 2018 - Stone Lock, Adel Lock, Kwikset, S …
Apex Market Research, recently published a detailed market research study focused on the "Digital Door Lock Systems Market" across the global, regional and country level. The report provides 360° analysis of "Digital Door Lock Systems Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Digital Door Lock Systems industry, and estimates the