Smart Door Lock Market Research By Major Industry Firms And Top Key Player Forecast Till 2028

The Smart Door Lock Market is projected to grow from US$ 2,733.05 million in 2023 to US$ 6,309.13 million by 2028; it is estimated to register a CAGR of 18.2% from 2023 to 2028.

According to Oberlo, an e-commerce company, the global count of smartphone users is estimated to reach ~6.8 billion in 2023, recording a 4.2% increase compared to 2022. From 2016 to 2023, the total number of global smartphone users has increased by an average of 9.5% annually. Oberlo also assumes that the global number of smartphone users would continue to rise and reach 7.1 billion by 2024. Such a large scale of smartphone adoption indicates people?s dependency on these devices, which is likely to benefit the smart door lock market, as owners can control these locks by using mobile apps installed on their smartphones.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00025783?utm_source=OpenPr&utm_medium=10640

Analysis of the Top Market Players:

1. Assa Abloy AB
2. Allegion Plc
3. MIWA LOCK Co Ltd
4. Spectrum Brands Holdings Inc
5. Zigbang
6. Honeywell International Inc
7. Master Lock Company LLC
8. Locstar Technology Co Ltd
9. Guangdong Level Intelligent Lock Industrial Co Ltd
10. ADEL Marketing (M) Sdn Bhd

In this report, the market has been segmented on the basis of:

Product (Fingerprint Locks, Remote Locks, and Electronic Cipher Locks)
Technology (Wi-Fi, Bluetooth, Z Wave, and Others)
End User (Residential and Commercial)

Access full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/smart-door-lock-market

Considering this, various smart door lock market players provide smart locks that can be specifically operated via smartphones. For example, the YDM 4115-A smart lock by Yale features a fingerprint pin code, key override, Bluetooth connectivity, and remote access through the Yale Access app. Similarly, LAVNA Locks provides LAVNA Smart Digital Lock L-A28 with Bluetooth connectivity, which can be accessed through a mobile app, fingerprint sensor, PIN, OTP, RFID card, and manual key. Further, Denler provides Denler DL04 smart lock, a Wi-Fi-enabled smart lock that can be remotely accessed by owners using a mobile phone app to unlock the door. Other unlocking options offered by this lock include a fingerprint scanner, RFID card, PIN, and manual key. Thus, the growing adoption of smart devices are expected to drive the smart door lock market.

In November 2022, Samsung, with its partner Zigbang, unveiled ultrawideband communication-based (UWB-based) smart door locks. This new smart lock is powered by a UWB chip that can be opened without touching the linked smartphone; the lock detects a digital house key in the Samsung wallet on the phone. Thus, the rising smartphone adoption worldwide is raising the demand for smart locks, bolstering the smart door lock market growth.

Order a copy of this research report at @: https://www.premiummarketinsights.com/buy/TIP00025783?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.