Press release
Intelligent Electronic Lock market is anticipated to reach US$ 10390 million by 2029, witnessing a CAGR of 10.5% | Valuates Reports
Intelligent Electronic Lock MarketIntelligent electronic locks refer to digital technology-based locks, such as digital-based door lock systems for automatic door opening and closing. Token-based digital identity devices are based on digital technology. These locking systems are controlled by a keyboard and are mounted at the door. On the side fence.
The global Intelligent Electronic Lock market was valued at US$ 5115 million in 2022 and is anticipated to reach US$ 10390 million by 2029, witnessing a CAGR of 10.5% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Intelligent Electronic Lock is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
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Asia-Pacific market for Intelligent Electronic Lock is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Intelligent Electronic Lock include Goji, SentriLock, Yale, Cansec System, UniKey Technologies, Weiser, August Home, Aventsecurity and Haven, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Intelligent Electronic Lock, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Intelligent Electronic Lock.
The Intelligent Electronic Lock market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Intelligent Electronic Lock market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Intelligent Electronic Lock manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
• Goji
• SentriLock
• Yale
• Cansec System
• UniKey Technologies
• Weiser
• August Home
• Aventsecurity
• Haven
• Kwikset
• Schlage
• Okidokeys
• SDS Smart Locks
• Mul-T-Lock
Segment by Type
• Deadbolt
• Lever Handle
• Padlock
• Other
Segment by Application
• Residential
• Hospital
• Enterprise
• Critical Infrastructure
• Other
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