Electronic Home Locks Market Developments by 2031
An electronic home lock is a device that operates by means of electric current. They might be connected to an access control system and can be remotely monitored and controlled, both to lock and to unlock. The growing incorporation of advanced technologies is one of the primary drivers in the electronic home locks market; smart connectivity is one of the advanced technologies integrated into electronic home locks. With the help of wireless technologies such as Bluetooth and Wi-Fi, electronic home locks can be easily connected to smartphones. Thus, these above factors are likely to surge the demand for electronic home locks during the forecast period.
MARKET DYNAMICS
Electronic locks provide wireless connectivity that can send security alerts to the user on connected devices, which allows them to monitor the systems remotely; thus, this factor is driving the growth of the electronic home locks market. However, the high initial cost may restrain the growth of the electronic home locks market. Furthermore, the demand for smart security systems is anticipated to offer numerous opportunities during the forecast period.
MARKET SCOPE
The "Global Electronic Home Locks Market Analysis to 2031" is a specialized and in-depth study of the electronic home locks market with a special focus on the global market trend analysis. The report aims to provide an overview of electronic home locks market with detailed market segmentation by product type, application, and geography. The global electronic home locks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electronic home locks market players and offers key trends and opportunities in the electronic home locks market.
MARKET SEGMENTATION
The global electronic home locks market is segmented on the basis of by product type and application. On the basis of by product type, the market is segmented as strikes, deadbolts and latches, and lever locks. On the basis of application, the market is segmented as residential and commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electronic home locks market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electronic home locks market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electronic home locks market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electronic home locks market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electronic home locks market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electronic home locks market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electronic home locks market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electronic home locks market in these regions.
MARKET PLAYERS
The reports cover key developments in the electronic home locks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electronic home locks market are anticipated to lucrative growth opportunities in the future with the rising demand for electronic home locks market. Below mentioned is the list of few companies engaged in the electronic home locks market.
The report also includes the profiles of key electronic home locks market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Allegion plc
- ASSA ABLOY
- August Home
- HANMAN INTERNATIONAL PTE LTD (Samsung)
- Honeywell International Inc.
- Nuki Home Solutions
- Safewise
- SentriLock, LLC
- The Godrej Group
- Weiser
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electronic Home Locks Market - By Product Type
1.3.2 Electronic Home Locks Market - By Application
1.3.3 Electronic Home Locks Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRONIC HOME LOCKS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRONIC HOME LOCKS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRONIC HOME LOCKS MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRONIC HOME LOCKS - GLOBAL MARKET OVERVIEW
6.2. ELECTRONIC HOME LOCKS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRONIC HOME LOCKS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. STRIKES
7.3.1. Overview
7.3.2. Strikes Market Forecast and Analysis
7.4. DEADBOLTS AND LATCHES
7.4.1. Overview
7.4.2. Deadbolts and Latches Market Forecast and Analysis
7.5. LEVER LOCKS
7.5.1. Overview
7.5.2. Lever Locks Market Forecast and Analysis
8. ELECTRONIC HOME LOCKS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
9. ELECTRONIC HOME LOCKS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electronic Home Locks Market Overview
9.1.2 North America Electronic Home Locks Market Forecasts and Analysis
9.1.3 North America Electronic Home Locks Market Forecasts and Analysis - By Product Type
9.1.4 North America Electronic Home Locks Market Forecasts and Analysis - By Application
9.1.5 North America Electronic Home Locks Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electronic Home Locks Market
9.1.5.1.1 United States Electronic Home Locks Market by Product Type
9.1.5.1.2 United States Electronic Home Locks Market by Application
9.1.5.2 Canada Electronic Home Locks Market
9.1.5.2.1 Canada Electronic Home Locks Market by Product Type
9.1.5.2.2 Canada Electronic Home Locks Market by Application
9.1.5.3 Mexico Electronic Home Locks Market
9.1.5.3.1 Mexico Electronic Home Locks Market by Product Type
9.1.5.3.2 Mexico Electronic Home Locks Market by Application
9.2. EUROPE
9.2.1 Europe Electronic Home Locks Market Overview
9.2.2 Europe Electronic Home Locks Market Forecasts and Analysis
9.2.3 Europe Electronic Home Locks Market Forecasts and Analysis - By Product Type
9.2.4 Europe Electronic Home Locks Market Forecasts and Analysis - By Application
9.2.5 Europe Electronic Home Locks Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electronic Home Locks Market
9.2.5.1.1 Germany Electronic Home Locks Market by Product Type
9.2.5.1.2 Germany Electronic Home Locks Market by Application
9.2.5.2 France Electronic Home Locks Market
9.2.5.2.1 France Electronic Home Locks Market by Product Type
9.2.5.2.2 France Electronic Home Locks Market by Application
9.2.5.3 Italy Electronic Home Locks Market
9.2.5.3.1 Italy Electronic Home Locks Market by Product Type
9.2.5.3.2 Italy Electronic Home Locks Market by Application
9.2.5.4 United Kingdom Electronic Home Locks Market
9.2.5.4.1 United Kingdom Electronic Home Locks Market by Product Type
9.2.5.4.2 United Kingdom Electronic Home Locks Market by Application
9.2.5.5 Russia Electronic Home Locks Market
9.2.5.5.1 Russia Electronic Home Locks Market by Product Type
9.2.5.5.2 Russia Electronic Home Locks Market by Application
9.2.5.6 Rest of Europe Electronic Home Locks Market
9.2.5.6.1 Rest of Europe Electronic Home Locks Market by Product Type
9.2.5.6.2 Rest of Europe Electronic Home Locks Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electronic Home Locks Market Overview
9.3.2 Asia-Pacific Electronic Home Locks Market Forecasts and Analysis
9.3.3 Asia-Pacific Electronic Home Locks Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Electronic Home Locks Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Electronic Home Locks Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electronic Home Locks Market
9.3.5.1.1 Australia Electronic Home Locks Market by Product Type
9.3.5.1.2 Australia Electronic Home Locks Market by Application
9.3.5.2 China Electronic Home Locks Market
9.3.5.2.1 China Electronic Home Locks Market by Product Type
9.3.5.2.2 China Electronic Home Locks Market by Application
9.3.5.3 India Electronic Home Locks Market
9.3.5.3.1 India Electronic Home Locks Market by Product Type
9.3.5.3.2 India Electronic Home Locks Market by Application
9.3.5.4 Japan Electronic Home Locks Market
9.3.5.4.1 Japan Electronic Home Locks Market by Product Type
9.3.5.4.2 Japan Electronic Home Locks Market by Application
9.3.5.5 South Korea Electronic Home Locks Market
9.3.5.5.1 South Korea Electronic Home Locks Market by Product Type
9.3.5.5.2 South Korea Electronic Home Locks Market by Application
9.3.5.6 Rest of Asia-Pacific Electronic Home Locks Market
9.3.5.6.1 Rest of Asia-Pacific Electronic Home Locks Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Electronic Home Locks Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electronic Home Locks Market Overview
9.4.2 Middle East and Africa Electronic Home Locks Market Forecasts and Analysis
9.4.3 Middle East and Africa Electronic Home Locks Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Electronic Home Locks Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Electronic Home Locks Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electronic Home Locks Market
9.4.5.1.1 South Africa Electronic Home Locks Market by Product Type
9.4.5.1.2 South Africa Electronic Home Locks Market by Application
9.4.5.2 Saudi Arabia Electronic Home Locks Market
9.4.5.2.1 Saudi Arabia Electronic Home Locks Market by Product Type
9.4.5.2.2 Saudi Arabia Electronic Home Locks Market by Application
9.4.5.3 U.A.E Electronic Home Locks Market
9.4.5.3.1 U.A.E Electronic Home Locks Market by Product Type
9.4.5.3.2 U.A.E Electronic Home Locks Market by Application
9.4.5.4 Rest of Middle East and Africa Electronic Home Locks Market
9.4.5.4.1 Rest of Middle East and Africa Electronic Home Locks Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Electronic Home Locks Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electronic Home Locks Market Overview
9.5.2 South and Central America Electronic Home Locks Market Forecasts and Analysis
9.5.3 South and Central America Electronic Home Locks Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Electronic Home Locks Market Forecasts and Analysis - By Application
9.5.5 South and Central America Electronic Home Locks Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electronic Home Locks Market
9.5.5.1.1 Brazil Electronic Home Locks Market by Product Type
9.5.5.1.2 Brazil Electronic Home Locks Market by Application
9.5.5.2 Argentina Electronic Home Locks Market
9.5.5.2.1 Argentina Electronic Home Locks Market by Product Type
9.5.5.2.2 Argentina Electronic Home Locks Market by Application
9.5.5.3 Rest of South and Central America Electronic Home Locks Market
9.5.5.3.1 Rest of South and Central America Electronic Home Locks Market by Product Type
9.5.5.3.2 Rest of South and Central America Electronic Home Locks Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRONIC HOME LOCKS MARKET, KEY COMPANY PROFILES
11.1. ALLEGION PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ASSA ABLOY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AUGUST HOME
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HANMAN INTERNATIONAL PTE LTD (SAMSUNG)
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HONEYWELL INTERNATIONAL INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NUKI HOME SOLUTIONS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SAFEWISE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SENTRILOCK, LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE GODREJ GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WEISER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Allegion plc
2. ASSA ABLOY
3. August Home
4. HANMAN INTERNATIONAL PTE LTD (Samsung)
5. Honeywell International Inc.
6. Nuki Home Solutions
7. Safewise
8. SentriLock, LLC
9. The Godrej Group
10. Weiser
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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