The global smart lock market size was estimated to USD 1,715 million in 2018 and expected to grow at a CAGR of 10.2% during the forecast period. A smart lock is an electro-mechanical lock. It is designed for performing locking and unlocking operations on a door on receiving such instructions from an authorized device. The instructions are provided using a wireless protocol and a cryptographic key for executing the authorization process. In addition, it monitors access and sends alerts for the different events it monitors and some other critical events regarding the status of the device. Smart locks can be considered as a part of a smart home. In a simple way, smart locks integrate sensors and integrated circuits (ICs) that are designed for locking and unlocking doors and systems via signals that are received from an authorized device in digital key form. The factors that are contributing significantly to the growth of global smart lock market includes safety concern coupled with increasing crime rates globally; high penetration of smartphones and other connected devices, rising demand for smart home services and development of smart cities; benefits offered by the smart lock systems such as enabling users to grant access to their locks directly from their phones and convenience of automatically unlocking door without having to reach for keys. In addition, increasing urbanization demanding for better and safe infrastructure is another driving factor for the growth of the global market. There are some privacy and security issues that hinders the growth of the market. However, growth in IoT market holds huge opportunity in the global smart lock market.

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The report covers
• Comprehensive research methodology of global smart locks market.
• This report also includes detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global smart locks market.
• Insights about market determinants which are stimulating the global smart locks market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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Global Smart Locks Market Segmentation

By Type

• Padlocks
• Lever Handles
• Deadbolts
• Others (Rim Latch Lock, Knob Lock)

By Application

• Residential
• Government
• Commercial

By Communication Protocol

• Bluetooth
• Wi-Fi
• Others (Zigbee, Z-Wave)

Regional Analysis

North American

• United States
• Canada

Europe

• U.K
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia Pacific

• India
• China
• Japan
• Roapac
• Rest of The World

Company Profiles

• Assa Abloy
• Advent Security Services Pty Ltd
• Allegion Plc
• Bowley Lock Company Inc.
• Candy House, Inc.
• Cansec Systems Ltd.
• Dahua Technology Co., Ltd
• Dessmann Schliessanlagen Gmbh
• Dormakaba Holding Ag
• Gantner Electronic Gmbh
• Haven, Inc.
• Kwikset Corporation
• Master Lock Company Llc
• Miwa Lock Co., Ltd.
• Onity, Inc.
• Otto Llc
• Salto Systems S.L.
• Samsung Electronics Co., Ltd.
• Schlage Lock Co Llc
• Sentrilock, Llc
• Shenzhen Vians Electric Lock Co., Ltd.
• Spectrum Brands Holdings, Inc.
• Unikey Technologies Inc.

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