Smart Lock Market
Smart Lock Market - Global Industry Assessment & Forecast
#
Pages:
250
2023
Jan - 2024
VMR-1440
Segments Covered
By
Lock Type Deadbolt Locks, Lever Handles, Server locks & Latches, Knob Locks, Others
-
By
Communication Protocol Bluetooth, WiFi, Z-Wave, Others
-
By
Unlocking Mechanism Keypad, Card Key, Touch Based, Key Fob, Smartphone Based
-
By
Vertical Commercial, Residential, Institutional & Government, Industrial, Transportation & Logistic
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 2.48 Billion |
 Revenue 2032:
|
USD 7.16 Billion |
 Revenue CAGR
(2024 - 2032): |
12.5% |
Fastest Growing Region (2024 -
2032)
|
Asia Pacific |
Largest Region (2023):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
| Sr. No. | Offering | Report Coverage |
| 1. | Market Size | In terms of Revenue (USD Million) |
| 2. | Historic Data | 2018 to 2022 |
| 3. | Forecast Data | 2024 to 2032 |
| 4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
| 5. | Market Attractiveness Analysis | Yes |
| 6. | Segment Analysis | Maximum Segments |
| 7. | Regional Coverage | 5 Regions |
| 8. | Country Coverage | Top 22 Countries |
| 9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
| 10. | Porter’s Five Forces Analysis | Yes. |
| 11. | Value Chain Analysis | Yes |
| 12. | PEST Analysis | Yes |
| 13. | Regulatory Landscape | Yes |
| 14. | Technology Landscape | Yes |
| 15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
| 16. | Top startups to watch out for | Yes |
| 17. | Top 3 Trends to Watch | Yes |
| 18. | Top 3 Strategies Followed by Major Players | Yes |
| 19. | Top 3 Predictions by Vantage Market Research | Yes |
| 20. | Discussion Guide | Yes |
| 21. | Key Primary Respondents - VERBATIM | Yes |
| 22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
| 23. | Others/Miscellaneous | |
Vantage Market
Research | 06-Apr-2022
FAQ
Frequently Asked Question
What is the global demand for Smart Lock in terms of revenue?
-
The global Smart Lock valued at USD 2.48 Billion in 2023 and is expected to reach USD 7.16 Billion in 2032 growing at a CAGR of 12.5%.
Which are the prominent players in the market?
-
The prominent players in the market are ASSA ABLOY AB (Sweden), dormakaba Group (Switzerland), Spectrum Brands Inc.(US), SALTO Systems, S.L. (Spain), Allegion plc (Ireland), Honeywell International Inc. (US), Dahua Technology Co., Ltd (China), Samsung Electronics Co., Ltd. (South Korea), Vivint Inc. (US), and ZKTECO CO., LTD. (China).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 12.5% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Smart Lock include
- Enhanced features compared with traditional lock systems
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Smart Lock in 2023.
