UK Smart Lock Market Is Likely to Experience a Tremendous Growth by 2025

The UK Smart Lock is anticipated to grow at a CAGR 10.2% during the forecast period. The factor such as Increasing crime rates, high burglaries rate, investment of the government in security and surveillance of public places and government infrastructure will surge the adoption of advanced security systems such as smart locks. Thus, propels the growth of the UK smart lock market during the forecast period. The country has well developed infrastructure having about 460 airports, 16,000 km of railways lines, 400 thousand km of roadways and more than 620 km of waterways for commercial purpose. Furthermore, the Europe is home to many major smart lock manufacturing companies such as Assa Abloy (Global Technologies), Bosch Security Systems, Allegion PLC and many more.

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Nowadays, smart locks are often integrated with the software that enables the operation of smart locks through mobile phones. These portable electronic smart devices are in reach to everyone making it easier to keep track on the property while away from them. According to International Telecommunication Union, mobile cellular subscriptions have grown to 79.1 million in 2017 from 78.6 million. The rise in the mobile phones subscriptions in the UK will support the adoption of the smart locks.

UK Smart Lock Market Segmentation

By Communication Protocol

· Bluetooth

· Wi-Fi

· Others

By Application

· Residential

· Government

· Commercial

By Type

· PadLocks

· Lever Handles

· Deadbolts

· Others

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Company Profiles

· ASSAY ABLOY

· August Smart lock

· GANTNER ELECTRONIC GMBH

· Master Lock Co. LLC

· Nuki Home Solutions GmbH

· Samsung Electronics Co., Ltd.

· Yale Locks

· ZKTeco Co., Ltd.

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