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Smart Lock Market Business Growth, Development Factors, and Forecast to 2030 | Apigy Inc., Schlage, Kwikset, Honeywell International Inc.
Smart Lock Market
The Global Smart Lock Market is Expected to Grow at USD 22.06 billion by 2031 and is poised to grow at a CAGR of 16% from 2024 to 2031.
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The United States is the prominent market in the North American region, owing to the growing adoption of smart home technology and products. According to the National Council For Home Safety and Security (Alarms.org) study, more than 3 in five Americans claim security is the top benefit for owning a smart home. Also, 57% of Americans stated that smart home technology products could save them an average of 30 minutes per day.
Top Manufacturers Covered in the Report:
ASSA ABLOY AB (Sweden),
dormakaba Group (Switzerland),
Spectrum Brands, Inc. (US),
SALTO Systems,
S.L. (Spain),
Allegion plc (Ireland),
Honeywell International Inc. (US),
Dahua Technology Co., Ltd (China),
Samsung Electronics Co., Ltd. (South Korea),
Vivint, Inc. (US),
ZKTECO CO., LTD. (China) and Many More
Global Smart Locks Market Drivers & Opportunities:
Growing adoption of smart home technologies is expected to drive growth of the global smart locks market during the forecast period
Technological advancements making mobile communication cost-effective are expected to propel the global smart locks market growth over the forecast period
High adoption of smart locks in commercial sectors can provide lucrative growth opportunities
Growing adoption of IoT-based security systems is expected to present excellent business opportunities
Smart Lock Market By Types:
Deadbolts
Lever Handles
Padlocks
Others
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Global Smart Locks Market: Key Developments
Dormakaba France is an one of the top three companies for access control and security solutions in the global market has completed the acquisition of Fermatic Group, a renowned provider for services for automatic doors and gates in France.
Dahua Technology Unveils Deep Hub Smart Interactive Whiteboard for Efficient and Collaborative Video Conferencing. an IFPD (Interactive Flat Panel Display) device designed for modern meeting rooms and remote communication demands.
SALTO introduces the new XS4 Original+, delivering breakthrough innovations, redefined design and a powerhouse chip with impressive smart access features.
Table Of Contents: Global Smart Lock Market
Part 01: Executive Summary
Part 02: Scope Of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Research objectives:
• To study and analyze the global Smart Lock consumption (value & volume) by key regions/countries, product type, application and forecast to 2031.
• To understand the structure of Smart Lock market by identifying its various subsegments. Focuses on the key global Smart Lock manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Smart Lock with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the consumption of Smart Lock submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
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