Smart Locks Market Share, Trends, and Analysis by 2031
Smart Locks Market: Strategic Insights
Smart Locks Market
-
CAGR (2023 - 2031)14.6% -
Market Size 2023
US$ 2.43 billion -
Market Size 2031
US$ 7.21 billion
Market Dynamics
GROWTH DRIVERS
- Growing Demand for Connected Devices Among Consumers
FUTURE TRENDS
- The rising security concern among consumers worldwide
OPPORTUNITIES
- Development of Technologically Advanced Smart Locks
Key Players
- HAVENLock
- Honeywell International Inc
- August Home
- SAMSUNG
- Vivint Inc
- Wyze Labs Inc
- U tec Group Inc
- Schlage
- GANTNER Electronic GmbH
- SALTO Systems S L
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Padlocks
- Deadbolt
- Lever Handle
Communication Technology
- Wi-Fi
- NFC
- Bluetooth
Application
- Residential
- Commercial
- Industrial