Smart Lock Market Expansion: AI Intrusion Detection, 3D Facial Recognition & Solar-Powered Locks Fuel IoT Home Security

The Global Smart Lock Market is expected to grow at a high CAGR during the forecast period (2024-2031).

According to DataM Intelligence has published a new research report on "Smart Lock Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

A smart lock is an electronic locking system that enables keyless access through smartphones, biometrics, PINs, or wireless authentication. It enhances security, convenience, and remote control capabilities for homes and businesses. Smart locks integrate with IoT platforms and home automation systems. They offer features like real-time monitoring and temporary access codes. Adoption grows with smart home expansion and rising digital security needs.

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➣ Recent Developments:

✅ In July 2025, ASSA ABLOY introduced a cloud-connected smart lock with AI-based intrusion detection, enabling real-time alerts and adaptive security responses.

✅ In June 2025, Xiaomi launched a next-gen biometric smart lock featuring 3D facial recognition, improved encryption, and integration with smart home ecosystems.

✅ In May 2025, Yale expanded its smart lock lineup with a solar-powered version designed for energy efficiency and off-grid applications.

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➣ Top Industry Players:

UniKey Technologies Inc., Yale, Haven; August Home, Goji, SentriLock, Weiser, Schlage, SDS Smart Locks, Mul-T-Lock, Cansec System

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➣ Market Segments:

By Type: Deadbolts, Lever Handle, Padlocks, Others

By Protocol: Bluetooth, Wi-Fi, Others (including NFC)

By Application: Commercial, Residential, Industrial, Others

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