Press release
Smart Lock Market Poised for USD 11.92 Billion By 2032, Showing an Impressive 18.10% Compound Annual Growth Rate
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.
๐๐๐ญ ๐๐ง ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: 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.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/37/2
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐๐ค ๐๐๐ซ๐ค๐๐ญ:
โข August Home, Inc.
โข Avent Security
โข Cansec Systems Ltd.
โข Goji
โข HavenLock, Inc.
โข Honeywell International Inc.
โข Kwikset
โข MUL-T-LOCK TECHNOLOGIES LTD.
โข Onity Inc.
โข Schlage
โข Sentrilock, LLC
โข Smart Locking Logic Proprietary Limited
โข UniKey Technologies, Inc.
โข Yale Lock
โข Zigbang Co., Ltd.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ญ๐ฎ๐๐ฒ
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.
๐๐๐๐๐ฌ๐ฌ ๐๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐ก๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/smart-locks-market
๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐๐ก๐ ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐๐ค ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฌ๐๐ ๐๐ง ๐๐ซ๐จ๐๐ฎ๐๐ญ, ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ, ๐๐ฎ๐ญ๐ก๐๐ง๐ญ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐ก๐จ๐, ๐๐ง๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
Smart Lock, Product Outlook (Revenue - USD Billion, 2019 - 2032)
โข Deadbolt
โข Lever Handle
โข Padlock
โข Others
Smart Lock, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
โข Bluetooth
โข Wi-Fi
โข Thread
โข Zigbee
โข Z-Wave
โข Others
Smart Lock, Authentication Method Outlook (Revenue - USD Billion, 2019 - 2032)
โข Biometric
โข Pin Code
โข RFID Cards
Smart Lock, Application Outlook (Revenue - USD Billion, 2019 - 2032)
โข Hospitality
โข Residential
โข Government
โข Commercial
โข Others
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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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