[Research Report] The smart door lock market size is projected to grow from US$ 2,733.05 million in 2023 to US$ 6,309.13 million by 2028; it is estimated to register a CAGR of 18.2% from 2023 to 2028.
Smart door locks are advanced lock systems that provide secure and convenient access to a building or room without a physical key. Smart door locks can be locked or unlocked through electronic authentication methods such as biometric recognition, numerical codes, or wireless signals. Smart door locks are used in residential homes, commercial buildings, the hospitality industry, education facilities, healthcare facilities, and others. The increasing trend and implementation of the Internet of Things (IoT), and growing concern related to security and privacy are boosting the adoption of smart home security devices worldwide. The burgeoning consumer awareness regarding the advantages of advanced security solutions is anticipated to boost the smart door lock market
An upsurge in the number of smartphone users worldwide has led to an increase in the deployment of smart door locks in the last few years. These locks feature an easy user interface and convenient usage. The ever-increasing awareness related to secure home solutions, developments in smart devices such as smartphones, rising disposable income of consumers, a rise in security threats, the development of smart cities, and booming internet connectivity further contribute to the smart door lock market growth. The smart door locks integrate communication technologies such as Bluetooth, Wi-Fi, Z Wave, RFID, and NFC.
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Smart Door Lock Market: Strategic Insights
Market Size Value in US$ 2,733.05 million in 2023 Market Size Value by US$ 6,309.13 million by 2028 Growth rate CAGR of 18.2% from 2023 to 2028 Forecast Period 2023-2028 Base Year 2023
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Smart Door Lock Market: Strategic Insights
| Market Size Value in | US$ 2,733.05 million in 2023 |
| Market Size Value by | US$ 6,309.13 million by 2028 |
| Growth rate | CAGR of 18.2% from 2023 to 2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2023 |
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Impact of COVID-19 Pandemic on the Global Smart Door Lock Market Analysis
The COVID-19 pandemic dramatically impacted the global economy during its peak in 2020, and the crisis hampered business activities in manufacturing industries. Before the COVID-19 pandemic, the smart door lock market was experiencing substantial growth in residential and commercial sectors owing to continuously improving standards of living. Several industries, such as semiconductors & electronics, faced challenges in project development, shipments, manufacturing, and research and development of new products. However, an increase in the demand for contactless products owing to lockdown and social distancing measures benefitted the smart door lock market.
The COVID-19 pandemic adversely affected supply chain operations, capital spending, production, and long-term strategies in different industries. Manufacturers faced difficulties in engaging in business development activities due to quarantine measures enacted by the governments of different countries, which resulted in changes in their routine operations. Moreover, the pandemic forced businesses to restructure their business models, focusing on strategies to achieve economies of scale. These factors hampered the progress of the smart door lock market in 2020.
Market Insights – Smart Door Lock Market Analysis
Technological Advancements in Smart Door Locks to Bolster Market Growth in Coming Years
Various players in the smart door lock market are incorporating artificial intelligence (AI), machine learning (ML), and other similar technologies in their smart locks. AI- and ML-integrated door locks ensure better home security by keeping track of who opens and closes the doors. Further, these locks provide greater control over who can lock and unlock doors. They also allow users to automatically lock or unlock doors as they leave or approach their homes. The AI- or ML-integrated locks may help recognize break-in or lock-tampering attempts. As a result, the integration of advanced technologies is offering lucrative growth opportunities for smart door lock market players.
Various players in the smart door lock market are launching new products with the integration of advanced technologies in order to cater to the growing demand for smart door lock market. In December 2022, Viomi launched the Viomi AI Smart Door Lock Super 2E. This fully automatic smart door lock supports six unlocking methods: fingerprint, password, virtual password, temporary password, door card, and key. It features AI self-learning technology, which becomes more sensitive with use. In April 2023, Geonfino launched three new smart locks—Geonfino G4 Pro fingerprint door lock, Geonfino G4 Pro+G2 smart lock, and Geonfino S1 Pro smart lock—featuring a six-in-one unlocking method, featuring fingerprint, application, password, IC card, physical key, and gateway control. In February 2023, Xiaomi introduced its new Xiaomi Smart Door Lock M20 series. This new model, Smart Guardian Can See, is equipped with an integrated peephole camera and a display screen that provide users with a comprehensive view of a front door in real time. In addition, the model is further incorporated with a doorbell function, making it more convenient for users. Thus, the introduction of smart locks enabled with new technologies to enhance security will further fuel the smart door lock market growth during the forecast period.
Smart Door Lock Market Report Scope
Different smart door lock market players are launching advanced smart door lock for the advanced security purposes these are as follows:
- In April 2023, Geonfino a smart door lock manufacturer, launched three smart door locks, which feature a unique six-in-one unlocking method to ensure maximum security and convenience. The smart door locks are enabled with biometric features and voice control.
- In February 2023, Xiaomi launched a smart door lock integrated with the peephole camera and a display screen, which provide users with a comprehensive view of the front door in real time.
Company Profiled:
- Adel Marketing (M) SDN BHD
- Allegion plc
- Assa Abloy
- Guangdong level intelligent lock industrial co ltd
- Honeywell International Inc
- Spectrum Brands
- Locstar Technology Co Ltd
- Master Lock Company LLC
- Miwa Lock Co, Zigbang
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Technology, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
APAC is anticipated to grow with the highest CAGR over the forecast period.
The growing security concerns have raised the demand for locking devices enabled with modern technologies such as biometric sensors, Bluetooth, and Wi-Fi to safeguard properties. Smart locks also confer owners a remote control over access to their properties. Thus, they can lock or unlock the door from anywhere using their smartphones. Users having children or pets at home can use a remote access feature to let them in or out of the house without giving them a key.
The US held the largest market share in 2022, followed by China.
The smart door lock market is expected to reach US$ 6,309.13 Mn by 2028.
The country anticipated to grow with the highest CAGR are US, Germany, and China.
The key players holding majority shares in the smart door lock market are ASSA ABLOY, Allegion plc, MIWA Lock Co, Spectrum Brands, Inc., and Zigbang.
Various market players incorporate artificial intelligence (AI), machine learning (ML), and similar technologies in their smart locks. AI- and ML-integrated door locks ensure better home security by tracking who opens and closes the doors. Further, these locks provide greater control over who can lock and unlock particular doors.
The smart door lock market is estimated to be US$ 2,733.05 Mn million in 2023 and is expected to grow at a CAGR of 18.2% from 2023 to 2028.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Smart Door Lock Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Smart Door Lock Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Security Concerns and Reliable Features of Smart Locks
5.1.2 Rising Adoption of Smartphones
5.2 Market Restraints
5.2.1 High Cost of Smart Door Locks
5.3 Market Opportunities
5.3.1 Emergence of Smart Cities
5.4 Future Trends
5.4.1 Technological Advancements in Smart Door Locks
5.5 Impact Analysis of Drivers and Restraints
6. Smart Door Lock Market –Regional Analysis
6.1 Smart Door Lock Market Global Overview
6.2 Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
6.3.1 Market Positioning – Five Key Players
7. Smart Door Lock Market Analysis – by Product
7.1 Overview
7.2 Smart Door Lock Market, by Product (2022 and 2028)
7.3 Fingerprint locks
7.3.1 Overview
7.3.2 Fingerprint locks: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Remote locks
7.4.1 Overview
7.4.2 Remote locks: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Electronic cipher locks
7.5.1 Overview
7.5.2 Electronic cipher locks: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
8. Smart Door Lock Market Analysis – by Technology
8.1 Overview
8.2 Smart Door Lock Market, by Technology (2022 and 2028)
8.3 Wi-Fi
8.3.1 Overview
8.3.2 Wi-Fi: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Bluetooth
8.4.1 Overview
8.4.2 Bluetooth: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Z wave
8.5.1 Overview
8.5.2 Z wave: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
9. Smart Door Lock Market Analysis – By End user
9.1 Overview
9.2 Smart Door Lock Market Breakdown, by End user, 2022 & 2028
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial: Smart Door Lock Market Revenue and Forecast to 2028 (US$ Million)
9.4 Residential
9.4.1 Overview
9.4.2 Residential: Smart Door Lock Market Revenue and Forecast to 2028 (US$ Million)
10. Smart Door Lock Market – Geographic Analysis
10.1 Overview
10.2 North America: Smart Door Lock Market
10.2.1 North America: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Smart Door Lock Market, by Product
10.2.3 North America: Smart Door Lock Market, by Technology
10.2.4 North America: Smart Door Lock Market, by End user
10.2.5 North America: Smart Door Lock Market, by Key Country
10.2.5.1 US: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Smart Door Lock Market, by Product
10.2.5.1.2 US: Smart Door Lock Market, by Technology
10.2.5.1.3 US: Smart Door Lock Market, by End user
10.2.5.2 Canada: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Smart Door Lock Market, by Product
10.2.5.2.2 Canada: Smart Door Lock Market, by Technology
10.2.5.2.3 Canada: Smart Door Lock Market, by End user
10.2.5.3 Mexico: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Smart Door Lock Market, by Product
10.2.5.3.2 Mexico: Smart Door Lock Market, by Technology
10.2.5.3.3 Mexico: Smart Door Lock Market, by End user
10.3 Europe: Smart Door Lock Market
10.3.1 Europe: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Smart Door Lock Market, by Product
10.3.3 Europe: Smart Door Lock Market, by Technology
10.3.4 Europe: Smart Door Lock Market, by End user
10.3.5 Europe: Smart Door Lock Market, by Key Country
10.3.5.1 Germany: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Smart Door Lock Market, by Product
10.3.5.1.2 Germany: Smart Door Lock Market, by Technology
10.3.5.1.3 Germany: Smart Door Lock Market, by End user
10.3.5.2 France: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Smart Door Lock Market, by Product
10.3.5.2.2 France: Smart Door Lock Market, by Technology
10.3.5.2.3 France: Smart Door Lock Market, by End user
10.3.5.3 Italy: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Smart Door Lock Market, by Product
10.3.5.3.2 Italy: Smart Door Lock Market, by Technology
10.3.5.3.3 Italy: Smart Door Lock Market, by End user
10.3.5.4 UK: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Smart Door Lock Market, by Product
10.3.5.4.2 UK: Smart Door Lock Market, by Technology
10.3.5.4.3 UK: Smart Door Lock Market, by End user
10.3.5.5 Russia: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Smart Door Lock Market, by Product
10.3.5.5.2 Russia: Smart Door Lock Market, by Technology
10.3.5.5.3 Russia: Smart Door Lock Market, by End user
10.3.5.6 Rest of Europe: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Smart Door Lock Market, by Product
10.3.5.6.2 Rest of Europe: Smart Door Lock Market, by Technology
10.3.5.6.3 Rest of Europe: Smart Door Lock Market, by End user
10.4 Asia Pacific: Smart Door Lock Market
10.4.1 Asia Pacific: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Smart Door Lock Market, by Product
10.4.3 Asia Pacific: Smart Door Lock Market, by Technology
10.4.4 Asia Pacific: Smart Door Lock Market, by End user
10.4.5 Asia Pacific: Smart Door Lock Market, by Key Country
10.4.5.1 Australia: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Smart Door Lock Market, by Product
10.4.5.1.2 Australia: Smart Door Lock Market, by Technology
10.4.5.1.3 Australia: Smart Door Lock Market, by End user
10.4.5.2 China: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Smart Door Lock Market, by Product
10.4.5.2.2 China: Smart Door Lock Market, by Technology
10.4.5.2.3 China: Smart Door Lock Market, by End user
10.4.5.3 India: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Smart Door Lock Market, by Product
10.4.5.3.2 India: Smart Door Lock Market, by Technology
10.4.5.3.3 India: Smart Door Lock Market, by End user
10.4.5.4 Japan: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Smart Door Lock Market, by Product
10.4.5.4.2 Japan: Smart Door Lock Market, by Technology
10.4.5.4.2.1 Japan: Smart Door Lock Market, by End user
10.4.5.5 South Korea: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Smart Door Lock Market, by Product
10.4.5.5.2 South Korea: Smart Door Lock Market, by Technology
10.4.5.5.3 South Korea: Smart Door Lock Market, by End user
10.4.5.6 Rest of APAC: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Smart Door Lock Market, by Product
10.4.5.6.2 Rest of APAC: Smart Door Lock Market, by Technology
10.4.5.6.3 Rest of APAC: Smart Door Lock Market, by End user
10.5 Middle East & Africa: Smart Door Lock Market
10.5.1 Middle East & Africa: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 Middle East & Africa: Smart Door Lock Market, by Product
10.5.3 Middle East & Africa: Smart Door Lock Market, by Technology
10.5.4 Middle East & Africa: Smart Door Lock Market, by End user
10.5.5 Middle East & Africa: Smart Door Lock Market, by Key Country
10.5.5.1 South Africa: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Smart Door Lock Market, by Product
10.5.5.1.2 South Africa: Smart Door Lock Market, by Technology
10.5.5.1.3 South Africa: Smart Door Lock Market, by End user
10.5.5.2 Saudi Arabia: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Smart Door Lock Market, by Product
10.5.5.2.2 Saudi Arabia: Smart Door Lock Market, by Technology
10.5.5.2.3 Saudi Arabia: Smart Door Lock Market, by End user
10.5.5.3 UAE: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Smart Door Lock Market, by Product
10.5.5.3.2 UAE: Smart Door Lock Market, by Technology
10.5.5.3.3 UAE: Smart Door Lock Market, by End user
10.5.5.4 Rest of MEA: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Smart Door Lock Market, by Product
10.5.5.4.2 Rest of MEA: Smart Door Lock Market, by Technology
10.5.5.4.3 Rest of MEA: Smart Door Lock Market, by End user
10.6 South America: Smart Door Lock Market
10.6.1 South America: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 South America: Smart Door Lock Market, by Product
10.6.3 South America: Smart Door Lock Market, by Technology
10.6.4 South America: Smart Door Lock Market, by End user
10.6.5 South America: Smart Door Lock Market, by Key Country
10.6.5.1 Brazil: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Smart Door Lock Market, by Product
10.6.5.1.2 Brazil: Smart Door Lock Market, by Technology
10.6.5.1.3 Brazil: Smart Door Lock Market, by End user
10.6.5.2 Argentina: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Smart Door Lock Market, by Product
10.6.5.2.2 Argentina: Smart Door Lock Market, by Technology
10.6.5.2.3 Argentina: Smart Door Lock Market, by End user
10.6.5.3 Rest of SAM: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Smart Door Lock Market, by Product
10.6.5.3.2 Rest of SAM: Smart Door Lock Market, by Technology
10.6.5.3.3 Rest of SAM: Smart Door Lock Market, by End user
11. Smart Door Lock Market – COVID-19 Pandemic Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 APAC: Impact Assessment of COVID-19 Pandemic
11.5 MEA: Impact Assessment of COVID-19 Pandemic
11.6 SAM Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 ADEL Marketing (M) Sdn Bhd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Allegion Plc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Assa Abloy AB
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Guangdong Level Intelligent Lock Industrial Co Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Honeywell International Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Spectrum Brands Holdings Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Locstar Technology Co Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Master Lock Company LLC
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 MIWA LOCK Co Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Zigbang
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Smart Door Lock Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific: Smart Door Lock Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 59. Middle East & Africa: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 60. Middle East & Africa: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 61. Middle East & Africa: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 62. Middle East & Africa: Smart Door Lock Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 68. Saudi Arabia: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 71. UAE: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 75. South America: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 76. South America: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 77. South America: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 78. South America: Smart Door Lock Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation
LIST OF FIGURES
Figure 1. Smart Door Lock Market Segmentation
Figure 2. Smart Door Lock Market Segmentation – by Geography
Figure 3. Smart Door Lock Market Overview
Figure 4. Smart Door Lock Market, by Product
Figure 5. Smart Door Lock Market, by Technology
Figure 6. Smart Door Lock Market, by End user
Figure 7. Smart Door Lock Market, by Geography
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. Asia Pacific: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Smart Door Lock Market – Ecosystem Analysis
Figure 14. Expert Opinions
Figure 15. Smart Door Lock Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Smart Door Lock Market
Figure 17. Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Smart Door Lock Market Revenue Share, by Product (2022 and 2028)
Figure 19. Fingerprint locks: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Remote locks: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Electronic cipher locks: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Smart Door Lock Market Revenue Share, by Product (2022 and 2028)
Figure 23. Wi-Fi: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Bluetooth: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Z wave: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Smart Door Lock Market Breakdown, by End user (2022 and 2028)
Figure 28. Commercial: Smart Door Lock Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Residential: Smart Door Lock Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Global Smart Door Lock Market Revenue Share, by Region (2022 & 2028)
Figure 31. North America: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: Smart Door Lock Market Revenue Share, by Product (2022 & 2028)
Figure 33. North America: Smart Door Lock Market Revenue Share, by Technology (2022 & 2028)
Figure 34. North America: Smart Door Lock Market Revenue Share, by End user (2022 & 2028)
Figure 35. North America: Smart Door Lock Market Revenue Share, by Key Country (2022 & 2028)
Figure 36. US: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Mexico: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Smart Door Lock Market Revenue Share, by Product(2022 & 2028)
Figure 41. Europe: Smart Door Lock Market Revenue Share, by Technology (2022 & 2028)
Figure 42. Europe: Smart Door Lock Market Revenue Share, by End user (2022 & 2028)
Figure 43. Europe: Smart Door Lock Market Revenue Share, by Key Country (2022 & 2028)
Figure 44. Germany: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. France: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Italy: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. UK: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Russia: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of Europe: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Asia Pacific: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Asia Pacific: Smart Door Lock Market Revenue Share, by Product(2022 & 2028)
Figure 52. Asia Pacific: Smart Door Lock Market Revenue Share, by Technology (2022 & 2028)
Figure 53. Asia Pacific: Smart Door Lock Market Revenue Share, by End user (2022 & 2028)
Figure 54. Asia Pacific: Smart Door Lock Market Revenue Share, by Key Country (2022 & 2028)
Figure 55. Australia: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. China: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. India: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Japan: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. South Korea: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of APAC: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Middle East & Africa: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Middle East & Africa: Smart Door Lock Market Revenue Share, by Product(2022 & 2028)
Figure 63. Middle East & Africa: Smart Door Lock Market Revenue Share, by Technology (2022 & 2028)
Figure 64. Middle East & Africa: Smart Door Lock Market Revenue Share, by End user (2022 & 2028)
Figure 65. Middle East & Africa: Smart Door Lock Market Revenue Share, by Key Country (2022 & 2028)
Figure 66. South Africa: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Saudi Arabia: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. UAE: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of MEA: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. South America: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. South America: Smart Door Lock Market Revenue Share, by Product(2022 & 2028)
Figure 72. South America: Smart Door Lock Market Revenue Share, by Technology (2022 & 2028)
Figure 73. South America: Smart Door Lock Market Revenue Share, by End user (2022 & 2028)
Figure 74. South America: Smart Door Lock Market Revenue Share, by Key Country (2022 & 2028)
Figure 75. Brazil: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Argentina: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Rest of SAM: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Impact of COVID-19 Pandemic on North American Country Markets
Figure 79. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 80. Impact of COVID-19 Pandemic on APAC Country Markets
Figure 81. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 82. Impact of COVID-19 Pandemic on South America Country Markets
The List of Companies - Smart Door Lock Market
- Assa Abloy AB
- Allegion Plc
- MIWA LOCK Co Ltd
- Spectrum Brands Holdings Inc
- Zigbang
- Honeywell International Inc
- Master Lock Company LLC
- Locstar Technology Co Ltd
- Guangdong Level Intelligent Lock Industrial Co Ltd
- ADEL Marketing (M) Sdn Bhd
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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