Smart Lock Market Research, Technology, Global Industry Demand and Analysis 2023

According to Research for Markets, the Smart Lock Market is estimated at $0.97 billion in 2016 and is expected to reach $2.40 billion by 2023 growing at a CAGR of 13.7% from 2016 to 2023 Rising demand for dynamic unlocking mechanism is a primary factor fostering the market. Some of the key factors that drive the market growth include growing awareness regarding safe home solutions, stable growth in portable connected smart devices and rising demand for secure locks. However, threat from phones as its assistance being hacked and issues associated with high R&D costs are creating hurdles in the market growth. Moreover, home access and cloud based lock management solutions are likely to present considerable growth opportunities in this market.

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A smart lock is an electromechanical lock which is designed to perform locking and unlocking operations on a door when it receives such instructions from an authorized device using a wireless protocol and a cryptographic key to execute the authorization process. It also monitors access and sends alerts for the different events it monitors and some other critical events related to the status of the device. Most of the smart locks are simple and are at-home installable devices that can fit over the thumb turn of a deadbolt contained on the inside portion of the door.

By application, hospitality segment commanded the largest market share due to growing security related threats among consumers during their stay at foreign locations. Due to the advancements in security tools such as remote door locking, window and door opening sensors the demand for smart locks is increasing from residential segment. Asia Pacific witnessed a substantial growth in the market attributed to rising commercial as well as residential infrastructure projects across countries such as China, India and Korea. North America is anticipated to emerge as a leading region during the forecast period.
Some of the key players in global Smart Lock market include Cansec System, Weiser Lock, Avent Security, Yale Real Living, Sheorey Digital Systems Pvt. Ltd, AT&T Intellectual Property, Kwikset Company, Lowe’s Companies, Inc, Comcast Corp, Mul-T-Lock Company, Smart Locking Logic, Okidokeys, SentriLock, UniKey Technologies, Inc and Schlage.

Lock Types Covered:
• Padlocks
• Deadbolt
• Lever Handles
• Other Lock Types

Sub Products Covered:
• Touch Screen
• Motion Sensor
• Keypads

End Users Covered:
• Industrial
• Residential
• Commercial
• Institution & Government
• Critical Infrastructure
• Enterprise

Communication Protocols Covered:
• Bluetooth
• Wi-Fi
• Other Communication Protocols

Sub-Markets Covered:
• Energy Security
• Port Security
• Casino Management
• Physical Security
• Data Center Security

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Table of Content
1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Smart Lock Market, By Lock Type
5.1 Introduction
5.2 Padlocks
5.3 Deadbolt
5.4 Lever Handles
5.5 Other Lock Types

6 Global Smart Lock Market, By Sub Product
6.1 Introduction
6.2 Touch Screen
6.3 Motion Sensor
6.4 Keypads

7 Global Smart Lock Market, By End User
7.1 Introduction
7.2 Industrial
7.3 Residential
7.4 Commercial

8 Global Smart Lock Market, By Communication Protocol
8.1 Introduction
8.2 Bluetooth
8.3 Wi-Fi
8.4 Other Communication Protocals

9 Global Smart Lock Market, By Sub-Market
9.1 Introduction
9.2 Energy Security
9.3 Port Security
9.4 Casino Management
9.5 Physical Security

10 Global Smart Lock Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.6 Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Cansec System
12.2 Weiser Lock
12.3 Avent Security
12.4 Yale Real Living
12.5 Sheorey Digital Systems Pvt. Ltd.
12.6 AT&T Intellectual Property
12.7 Kwikset Company
12.8 Lowe’s Companies, Inc.
12.9 Comcast Corp.
12.10 Mul-T-Lock Company
12.11 Smart Locking Logic
12.12 Okidokeys
12.13 SentriLock
12.14 UniKey Technologies, Inc.
12.15 Schlage

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