Press release
Smart Lock Market Segmentation, Application, Trends, Opportunity & Forecast 2017 To 2023
The study reveals that North America region dominates the smart lock market. Innovation in technology and biometric smart lock technologies with fingerprint technology for smart homes are boosting the demand for smart locks in the market. These locks are embedded with sensors that are used for security purposes. There are a number of smart lock screen security options in the market with different operating system such as android, windows and others.
The global smart lock market is segmented into lock type, products type, communication protocol, end user, and region. The locks type is segmented into deadbolt, lever handles, padlocks and others. The products type are segmented into Bluetooth-based smart lock, Wi-Fi-based smart lock and others. The communication protocol are segmented Bluetooth, WI -Fi, ZigBee, Z-Wave, Thread, NFC, and others. The end users are segmented into commercial, residential, institution & government, industrial and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
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Major Key Players
The Assa Abloy Group (Sweden),
Allegion Plc (Ireland),
Dormakaba Holding AG (Switzerland),
Spectrum Brands Holdings, Inc. (U.S.),
Salto Systems S.L. (Spain),
Onity Inc. (U.S.),
Cansec Systems Ltd. (Canada),
Master Lock (U.S.),
August, Inc. (U.S.),
Kwikset (U.S.),
Haven Holidays (U.K),
The Global Smart Lock Market is expected to reach USD ~ 2 billion at a CAGR of over 11% by the end of the forecast period.
The North America region is experiencing higher demand from various sectors such as commercial, residential, institution & government, industrial and others. The prominent companies such as Spectrum Brands Holdings, Inc. (U.S), Onity Inc. (U.S.), Master Lock (U.S.), August, Inc. (U.S.), Kwikset (U.S.), are providing smart lock solutions to safety systems. The advanced RFID technology is integrated with fingerprint sensor or even face detection sensors are boosting the smart lock market growth and is estimated to grow rapidly with a huge demand in the market. These RFID based smart locks are integrated with a small chip and induction loop in which the transmitter on the keycard reader can be access and controlled.
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Intended Audience
• Smart lock companies
• Smart lock providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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