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Smart Lock Market Poised for USD 11.92 Billion By 2032, Showing an Impressive 18.10% Compound Annual Growth Rate

04-05-2024 10:08 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Smart Lock Market

Smart Lock Market

Throughout the forecast period, smart lock usage is anticipated to increase due to the introduction of increasing technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), and Machine Learning (ML).

The global smart lock market size and share were valued at USD 2.69 billion in 2023 and are anticipated to generate an estimated revenue of USD 11.92 billion by 2032, exhibiting a CAGR of 18.10% during the forecast period of 2024 - 2032.

๐†๐ž๐ญ ๐š๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/smart-locks-market/request-for-sample

Keyless door locks, or smart locks, let you enter your home without a physical key. They have a smartphone app that allows for remote control. A numeric keypad for entering a special access code is a feature found on many versions of locks.

By connecting to the Wi-Fi network in your house, a smart lock can be programmed to lock or unlock with a code or a smartphone command. It has formed a new home security experience with customization components and functionality created to provide you with control over what occurs in your house. They go way beyond the abilities of regular locks.

Throughout the projected period, developments in the fields of bioelectronic sensors, nanotechnology, and related fields are anticipated to propel market expansion. The market for smart locks is also being driven by the rapid global adoption of smart home technology and the influx of home automation-focused businesses. Furthermore, the smart lock market size will expand due to the growing investment in industrial and smart city projects.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/37/2

๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฆ๐š๐ฃ๐จ๐ซ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐จ๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐‹๐จ๐œ๐ค ๐Œ๐š๐ซ๐ค๐ž๐ญ:

โ€ข August Home, Inc.
โ€ข Avent Security
โ€ข Cansec Systems Ltd.
โ€ข Goji
โ€ข HavenLock, Inc.
โ€ข Honeywell International Inc.
โ€ข Kwikset
โ€ข MUL-T-LOCK TECHNOLOGIES LTD.
โ€ข Onity Inc.
โ€ข Schlage
โ€ข Sentrilock, LLC
โ€ข Smart Locking Logic Proprietary Limited
โ€ข UniKey Technologies, Inc.
โ€ข Yale Lock
โ€ข Zigbang Co., Ltd.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐’๐ญ๐ฎ๐๐ฒ

The report covers Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. According to the analysis, the broad adoption of smart-lock systems is continuing to skyrocket in North America due to growing security concerns. Additionally, the smart lock industry is growing at the quickest rate in the Asia Pacific region. Significant expansion can be attributed to an extraordinary upsurge in residential and commercial developments associated with the ongoing execution of smart city initiatives in developing countries like India.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐“๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ก๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/smart-locks-market

๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‡๐š๐ฌ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐“๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐‹๐จ๐œ๐ค ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐š๐ฌ๐ž๐ ๐Ž๐ง ๐๐ซ๐จ๐๐ฎ๐œ๐ญ, ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ, ๐€๐ฎ๐ญ๐ก๐ž๐ง๐ญ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐Œ๐ž๐ญ๐ก๐จ๐, ๐€๐ง๐ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง:

Smart Lock, Product Outlook (Revenue - USD Billion, 2019 - 2032)

โ€ข Deadbolt
โ€ข Lever Handle
โ€ข Padlock
โ€ข Others

Smart Lock, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

โ€ข Bluetooth
โ€ข Wi-Fi
โ€ข Thread
โ€ข Zigbee
โ€ข Z-Wave
โ€ข Others

Smart Lock, Authentication Method Outlook (Revenue - USD Billion, 2019 - 2032)

โ€ข Biometric
โ€ข Pin Code
โ€ข RFID Cards

Smart Lock, Application Outlook (Revenue - USD Billion, 2019 - 2032)

โ€ข Hospitality
โ€ข Residential
โ€ข Government
โ€ข Commercial
โ€ข Others

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Digital Signature Market: https://www.polarismarketresearch.com/industry-analysis/digital-signature-market

Electronic Health Records Market: https://www.polarismarketresearch.com/industry-analysis/electronic-health-records-ehr-market

Smart Parking Systems Market: https://www.polarismarketresearch.com/industry-analysis/smart-parking-systems-market

Artificial Intelligence (AI) In Food & Beverages Market: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-ai-in-food-and-beverages-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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