Smart Door Lock Market Poised for 19.6% CAGR Growth, Projected to Reach $9.55 Billion by 2030, Reports Stellar Market Research

Estimated Revenue Growth:

Smart Door Lock Market was valued at USD 2.33 Billion in 2023, and from 2024 to 2030, it is anticipated to grow at a CAGR of 19.6%.

Smart Door Lock Market Overview:

The Smart Door Lock Market encompasses modern locking systems designed for residential and commercial doors that integrate with digital platforms and mobile devices. These smart locks are intended to enhance security, convenience, and remote access control through advanced technologies.

The market for smart door locks is expected to grow significantly due to the adoption of emerging technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML). As consumer awareness of the convenience and benefits of smart locks increases, their popularity is rising, especially in the global hotel and lodging sectors. The advanced functionality and effectiveness of smart door locks make them a preferred choice for enhancing security in various settings.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/req_sample/Smart-Door-Lock-Market/1473

What are Smart Door Lock Market Dynamics?

Several factors are driving the growth of the smart door lock market:

Home Automation Trends: The rising trend of home automation and the desire for connected, smart homes are major drivers. Consumers increasingly seek the ability to remotely control and integrate security systems with other smart devices.

Enhanced Security Features: Smart door locks offer advanced security features, such as remote monitoring, tamper alerts, and the ability to grant temporary access to visitors or service providers. These features attract homeowners who value remote access control and keyless entry for their convenience.

E-commerce Growth: The expansion of e-commerce and online shopping has increased the need for secure package delivery. Smart door locks facilitate safe entry for delivery personnel, allowing homeowners to manage and monitor their locks through smartphones.

Energy Efficiency: Some smart door locks come with energy-saving features like proximity-based automatic locking or unlocking, which appeals to environmentally conscious consumers.

What is Smart Door Lock Marketb Regional Insight?

In 2023, North America held the largest share of the smart door lock market, accounting for approximately 39% of the market volume. The region's significant growth is driven by rapid technology adoption and the expansion of smart homes in the United States. By the end of 2023, around 30% of internet-connected households in the U.S. are expected to purchase a smart lock. The market's growth is further supported by strong consumer purchasing power and heightened safety concerns, particularly in key infrastructure and residential applications. Additionally, the legislative environment in North America is favorable toward the adoption of smart door locks.

What is Smart Door Lock Market Segmentation?
Product Type

Keyless Entry Systems
Wi-Fi-Enabled Locks
Zigbee Locks
Hybrid locks.
Wi-Fi enabled Locks

End-Users

Residential
Commercial

Price Range

Premium
Mid-Range
Budget-friendly

Installation Type

DIY (Do-It-Yourself)
Professional installation

Protection Level

Basic Level
Advanced Level

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! @https://www.stellarmr.com/report/req_sample/Smart-Door-Lock-Market/1473

Some of the current players in the Smart Door Lock Market are:

ASSA ABLOY's August Home, Inc.
Security Avent
Cansec Systems Limited.
Haslock, Inc.
Spectrum Brands Holdings, Inc.'s Kwikset
ASSA ABLOY's MUL-T-LOCK TECHNOLOGIES LTD
(Allegion Plc) Schlage
Prior to becoming Zigbang Co., Ltd., Samsung SDS
Inc. Sentrilock
Intelligent Locking Logic Private Limited
Technology Company UniKey Inc.
ASSA ABLOY's Yale Locks
Goji
Carrier Global Corporation's Onity Inc.
International Honeywell Inc.

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Smart-Door-Lock-Market/1473

Key Questions answered in the Smart Door Lock Market Report are:

Which region held the largest market share in the Smart Door Lock Market?
What is the expected Smart Door Lock market size by 2030?
Which factors are the opportunities for the Smart Door Lock market growth?
What are investment opportunities for the Smart Door Lock market?
What are the recent industry trends that were implemented to generate additional revenue streams for the Smart Door Lock Market?
Which segment dominates the Smart Door Lock Market?

Trending Reports:

Switchable Smart Film Market https://www.stellarmr.com/report/Switchable-Smart-Film-Market/1008

Vehicle Subscription Market https://www.stellarmr.com/report/Vehicle-Subscription-Market/1009

Video Processing Platform Market https://www.stellarmr.com/report/Video-Processing-Platform-Market/1010

Toothpaste Market https://www.stellarmr.com/report/Toothpaste-Market/1012

USB Device Market https://www.stellarmr.com/report/USB-Device-Market/1014

Contact Stellar Market Research:

S.no.8, h.no. 4-8 Pl.7/4, Kothrud,

Pinnac Memories Fl. No. 3, Kothrud, Pune,

Pune, Maharashtra, 411029

sales@stellarmr.com

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.