According to Goldstein Research, global smart door lock market is expected to reach USD 3.4 billion by 2024 from USD 0.8 billion in 2016, growing at a CAGR of 19.8% over the forecast period 2016-2024. Growing Hospitality industry in developing countries and the increasing numbers of the IT companies shows the utmost opportunities in the growth of smart doors market. Global smart door lock market segmentation has been done on the basis of products, connectivity technology, end users, distribution channel and geography. The latest advancement in door locks makes you enable track, observe and restrict particular entries in your office or houses. Huge R&D investments by big market players are likely to encounter the progress of the market.

Global smart door lock market is largely dominated by North America owing to more than 1.5 million homes are using some type of smart door locks. North and South America together are expected to grab more than 50% of global smart door locks market during forecast period. Asia-Pacific region is expected to be the fastest growing market for smart door locks owing to rapid urbanization and rising personal disposable income population especially in China, India and Indonesia.

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Market Segmentation


On the basis of our in-depth analysis, Global Smart Door Lock Market can be segmented as follows:

By Products

o Non Mobile App Based
 Biometric Based Smart Locks
 Face Recognition Door Locks
 Palm Recognition Door Locks
 Iris Recognition Door Locks
 Voice Recognition Door Locks
 Fingerprint Recognition Door Locks
 Signature Recognition Door Locks
o Hybrid/Integrated Locks
 Magnetic Strip Door Locks
 Electric Strike Door Locks

By Connectivity Technology

o Mobile App Based
o Wi-Fi
o Bluetooth

By End Users

o Industrial Sector
o Corporate Sector
o Government Sector
o Residential Sector

By Distribution Channel

o Online Channel Distribution
o Offline Channel Distribution

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Smart Door Lock Market Outlook 2024” contains detailed overview of the global smart door lock market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by products, connectivity technology, end users and distribution channel.

Further, for the in-depth analysis, Global Smart Door Lock Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as ASSA ABLOY, Samsung, Panasonic, Guangdong Be-Tech Security Systems, DESSMANN, Lockitron, Kaadas, Masterlock, Zhongshan Yinghua Lock Industry, August, Kwikset, Techlicious, Godrej, Adel, SCHLAGE, Haven, YALE, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global smart door lock market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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