Smart Locks Market Analysis by Recent Developments and Trends 2022- ASSA ABLOY, Allegion, Dormakaba Group, Spectrum Brands, Master Lock, MIWA Lock, Samsung, August

The Latest report about the Smart Locks market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Smart Locks market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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Smart Locks Market size was valued at USD 1.38 billion in 2020. The demand was recorded at 8.9 million units and is expected to expand at a compound annual growth rate (CAGR) of 21.4% from 2021 to 2028.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: ASSA ABLOY, Allegion, Dormakaba Group, Spectrum Brands, Master Lock, MIWA Lock, Samsung, August, Sargent and Greenleaf, Dessmann, Guangdong Be-Tech, Honeywell, SALTO, Tenon, Locstar, nello, Jiangmen Keyu Intelligence, Adel, Guangdong Level Intelligent Lock

News and Updates

7 de November de 2021 Nuki Home Solutions launches the 3.0 Smart Lock generation-We are very happy to share the launch event of Nuki Home Solutions, presenting the new Smart Lock Nuki 3.0 and Nuki Pro 3.0. Watch the video.

Jan 2020 Yale Launches Linus®, a Smart Lock with the Perfect Balance of Form and Function-The new Linus® Smart Lock from Yale allows its users to lock and unlock their door - no matter where they are. Powered by advanced software and the intuitive Yale Access mobile app, Linus® allows for keyless entry and gives its users the ability to see who comes and when, grant virtual guest keys, and check whether the door is open or closed.

Market Overview

Smart locks are electronic keyless locks that use Wi-Fi or Bluetooth connectivity to interact with other electronic devices installed at home. The locks can be operated with a specific electric fob or by installing the smart lock app in the phone. The user can send temporary keys to people, giving them access in the home within a specific time frame. Moreover, smart lock technology is unique and easy-to-use as compared to conventional methods. The technologies before smart locks include the use of ID codes, passwords, mechanical locks, code words, and paper slips, which are tedious to maintain and have a high possibility of data theft or loss. Smart locks work on IoT connectivity, which synchronize with the user's smartphone to access control. This characteristic of smart locks makes it unique, reliable, and user-friendly and strengthens its market presence.

The number of individuals using a smartphone in 2020 has witnessed a significant surge of approximately 10% compared to that in 2019. This ever-increasing adoption has resulted in considerable dependency on smartphones and mobile apps to accomplish crucial tasks. Prominent market players incorporate various innovative techniques in smart lock models, such as Wi-Fi-enabled locking/unlocking and Bluetooth-based (BLE) locking/unlocking using smartphones and other devices. Touch panels are also being incorporated to facilitate the entry of passwords or pattern-based locking/unlocking.

Smart Locks Market Segmentation:

Breakdown Data by Type

Fingerprint Locks

Electronic Cipher Locks

Remote Locks

Others

Smart Locks Breakdown Data by Application

Household

Commercial

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Smart Locks market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

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Smart Locks Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Smart Locks market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Smart Locks market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Smart Locks Market report.

Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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