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2022
Smart Locks Market

Smart Locks Market

by Product Type (Deadbolts, Lever Handles, Padlocks, and Others), Technology (Wi-Fi and Bluetooth), and End User (Residential and Commercial) Global Opportunity Analysis and Industry Forecast, 2021-2030.

✷  Report Code: A01930
Feb 2022 | Pages: 171
Tables: 131
Charts: 56
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Smart Locks Market Statistics: 2030

The global smart locks market size was valued at $ 2,366.51 million in 2020, and is projected to reach $14,972.3 million by 2030, growing at a CAGR of 20.1% from 2021 to 2030.

In the post COVID-19 situation, organizations are focusing on advanced technology such as artificial intelligence (AI), machine learning (ML), internet of things (IOT), and cloud computing across residential and commercial sectors to perform contactless operation. This factor is expected to create a demand for app-based smart lock system, which are predicted to drive the adoption of smart locks globally.

Smart locks are electronic keyless locks that use Wi-Fi or Bluetooth connectivity to interact with other electronic devices installed at home. The locks can be operated with a specific electric fob or by installing the smart lock app in the phone. The user can send temporary keys to people, giving them access in the home within a specific time frame. Moreover, smart lock technology is unique and easy-to-use as compared to conventional methods. The technologies before smart locks include the use of ID codes, passwords, mechanical locks, code words, and paper slips, which are tedious to maintain and have a high possibility of data theft or loss. Smart locks work on IoT connectivity, which synchronize with the user’s smartphone to access control. This characteristic of smart locks makes it unique, reliable, and user-friendly and strengthens its market presence.

Smart-Lock-Market

Segment Review

The smart locks market is segmented on the basis of product type, technology, end user, and region. On the basis of product type, it is segmented into deadbolts, lever handles, padlocks, and others. Further, the others segment includes footplate locks, rim latches, and wall mounted locks. On the basis of technology, it is bifurcated into Wi-Fi and Bluetooth. On the basis of end user, it is segregated in to residential and commercial. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of technology, the Bluetooth segment dominated the overall smart locks industry in 2020, and is expected to continue this trend throughout the forecast period. The Bluetooth-enabled smart locks technology is the most convenient smart lock technology available in the market. Almost every smartphone available in the market is equipped with Bluetooth, so it is convenient for homeowners to integrate their smart locks with their smartphones, and into their other home automation systems. In addition, Bluetooth-enabled smart locks are safer as there is no need for the devices to be always connected to the internet; this reduces the risk of hacking. In addition, rise in awareness, reduction in costs of installing smart locks, low battery requirements, and device efficiency may also accelerate the adoption of Bluetooth-enabled smart locks, which are expected to drive the growth of this segment. However, the Wi-Fi segment is expected to grow the most, and this trend is expected to continue during the forecast period. The Wi-Fi-enabled smart locks can synchronize with other home devices connected to the network, to get daily updates. In addition, the Wi-Fi enabled system consists of solenoid lock and android application. The locking mechanism in the door can be activated and deactivated automatically by smartphone using Wi-Fi technology within specific range.. Such advanced and reliable features are expected to drive the growth of this segment.

Smart Locks Market
By Component

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Deadbolts segment is projected as one of the most significant segments.

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On the basis of end user, the residential segment captured the largest share in 2020 and is expected to continue this trend during the forecast period. The smart locks have contributed towards efficiency and security, thereby saving time and energy. In addition, it is very light-weight as it is small and tiny, thereby, adding to the convenience factor, which is expected to propel the growth of this segment during the forecast period. However, the commercial segment is expected to witness the highest growth in the upcoming years. The major factor that drives the growth of this segment is the increase in prevalence for data security at commercial spaces. Along with security, smart lock technology is used to make office access management simple and secure. In addition, these smart locks can be integrated with a range of various third-party apps, which ensures that all lights in office shut down automatically when the doors are locked, which is expected to drive the growth of this segment. 

North America dominated the overall smart locks industry in 2020, and this trend is expected to continue during the forecast period. This is attributed due to rise in trend for smart homes, increase in penetration of IoT, and rise in real estate and hospitality areas in addition, increase in investment in the government and defence sector for security & access management and technological advancements in the telecommunication industry is expected to drive the smart locks market growth during the forecast period. However, the Asia-Pacific region is expected to witness highest growth in the upcoming years. This is attributed due to advancements in technology, artificial intelligence, and availability of smart home devices such as smart locks, which have led to increase in demand for smart locks. In addition, the increase in use of internet, growth in security concerns in government offices & research canters, and rise in construction activities in India are the major factors responsible for the growth in Asia-Pacific region.

On the basis of product type, the lever handle segment garnered the largest share in 2020 and is expected to continue to grow during the forecast period. This is attributed to drive the growth of this market due to increase in penetration of smartphones and increase in use of 4G and 5G networks. In addition, rise in adoption of smart devices, technological advancements, and social media activities are expected to further supplement the growth of lever-handle smart locks in the market. However, the deadbolt segment is expected to witness highest growth in the upcoming years. This is attributed to increase in the need to address connectivity, which compels various users to adopt smart deadbolt locks. In addition, increase in popularity of smart locks and smartphone usage is expected to provide an encouragement to players to develop application-specific products to meet the growing demand of consumers, which is predicted to drive the growth of this segment during the forecast period.

The report focuses on the growth prospects, restraints, and smart locks market analysis. The study uses Porter’s five forces analysis of the smart devices industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and bargaining power of buyers on the smart locks market trends.

Smart Locks Market
By Deployment Model

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Bluetooth segment is projected as one of the most lucrative segments.

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Impact of COVID-19 on Smart Locks Market Trends

As per smart locks market forecast post COVID-19, the global smart locks market size was size was valued at $ 2,366.51 million in 2020, and is projected to reach $14,972.3 million by 2030, growing at a CAGR of 20.1% from 2021 to 2030.

The COVID-19 pandemic has drastically affected businesses globally. It has affected positively on the adoption of smart locks due to lockdown imposed by governments of different countries. In the post COVID-19 situation, organizations are focusing on advanced technology such as artificial intelligence (AI), machine learning (ML), internet of things (IOT), and cloud computing across residential and commercial sectors to perform contactless operation. This factor is expected to create a demand for app-based smart lock system, which are predicted to drive the adoption of smart locks globally. Furthermore, smart locks are used to provide security. The global smart lock market is expanding as a result of the increase in use of security-related products such as digital and cloud-based locks in commercial, residential, and industrial space. Moreover, the commercial and government sectors have started adopting smart locks to overcome concerns regarding safety and security of the public and enterprises. The use of smart locks is increasing globally to have a secure and viable economy. In the commercial sector, companies have started to deploy enhanced technology to promote lower liabilities, increase employee accountability, strengthen compliances, and increase efficiencies, which is expected to drive the smart locks market growth post COVID-19. 

Smart Locks Market
By Industry Vertical

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Residential segment is projected as one of the most significant segments.

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Top Impacting Factors    

Factors such as the need for better security management has impacted both developed and developing economies to protect themselves from unknown entities such as cyber-attack, rivalry, or other disturbing activities. The need to adopt smart locks technology, which is a modernized locking platform, is anticipated to help regulate the security of residences or commercial spaces. Consumers in major countries have adopted the smart lock technology for protection from thefts, which is expected to drive the growth of the market. Moreover, increase in adoption of cloud-based mobile application boosts the growth of market globally. Furthermore, rapid changing business model and geographic expansion of businesses create lucrative opportunities for rapid growth of the smart locks market. However, high initial cost and fear of privacy intrusion can hamper the growth of the market.

Increase in Trend for Internet of Things (IoT)

IoT is the networking of smart electronic devices or things to transmit data signals between them in the absence of human intervention. Evolution in the convergence of wireless technologies, internet, and micro-electromechanical systems has made IoT communication possible. 51% of the population lives in metro cities at present, hence, the IoT-enabled smart locks market has numerous opportunities to grow. Internet of Things (IoT) simplifies the access of real-time data and remote-control monitoring, which is expected to drive the growth of the smart locks market during the forecast period.

Smart Locks Market
By Region

2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific is projected as one of the most lucrative region.

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the smart locks market share along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the smart locks market size is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the smart locks market.
  • The quantitative analysis of the smart locks market share from 2020 to 2030 is provided to determine the market potential.

Smart Locks Market Report Highlights

Aspects Details
By Product
  • Deadbolts
  • Lever Handles
  • Padlocks
  • Others
By Technology
  • Bluetooth
  • Wi-Fi
By End User
  • Residential
  • Commercial
By Region
  • North America  (U.S., Canada)
  • Europe   (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific   (China, India, Japan, South-Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
By Key Market Players
  • AUGUST HOME
  • HAVEN LOCK, INC.
  • HONEYWELL INTERNATIONAL INC.
  • PANASONIC CORPORATIONs
  • SALTO Systems
  • SAMSUNG SDS CO. LTD.
  • SCHLAGE
  • SPECTRUM BRANDS, INC.
  • UNIKEY TECHNOLOGIES INC.
  • VIVINT, INC.
 

CHAPTER 1:  INTRODUCTION

1.1.Report Description
1.2.Key Market Segments
1.3.Key Benefits
1.4.Research Methodology

1.4.1.Primary Research
1.4.2.Secondary Research
1.4.3.Analyst Tools and Models

CHAPTER 2:  EXECUTIVE SUMMARY

2.1.CXO Perspective

CHAPTER 3:  MARKET LANDSCAPE

3.1.Market Definition and Scope
3.2.Key Findings

3.2.1.Top Investment Pockets
3.2.2.Top Winning Strategies

3.3.Porter's Five Forces Analysis

3.3.1.Bargaining Power of Suppliers
3.3.2.Threat of New Entrants
3.3.3.Threat of Substitutes
3.3.4.Competitive Rivalry
3.3.5.Bargaining Power among Buyers

3.4.Market Share Analysis/Top Player Positioning

3.4.1.Market Share Analysis/Top Player Positioning 2020

3.5.Market Dynamics

3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities

3.6.  COVID-19 Impact Analysis
3.7.Patent landscape
3.8.  Competitive Heatmap
3.9.  Regulatory Guidelines

CHAPTER 4:  SMART LOCKS MARKET, BY PRODUCT

4.1.Market Overview

4.1.1Market Size and Forecast, By Product

4.2.Deadbolts

4.2.1.Key Market Trends, Growth Factors and Opportunities
4.2.2.Market Size and Forecast, By Region 
4.2.3.Market Share Analysis, By Country

4.3.Lever Handles

4.3.1.Key Market Trends, Growth Factors and Opportunities
4.3.2.Market Size and Forecast, By Region 
4.3.3.Market Share Analysis, By Country

4.4.Padlocks

4.4.1.Key Market Trends, Growth Factors and Opportunities
4.4.2.Market Size and Forecast, By Region 
4.4.3.Market Share Analysis, By Country

4.5.Others

4.5.1.Key Market Trends, Growth Factors and Opportunities
4.5.2.Market Size and Forecast, By Region 
4.5.3.Market Share Analysis, By Country

CHAPTER 5:  SMART LOCKS MARKET, BY TECHNOLOGY

5.1.Market Overview

5.1.1Market Size and Forecast, By Technology

5.2.Wi-Fi

5.2.1.Key Market Trends, Growth Factors and Opportunities
5.2.2.Market Size and Forecast, By Region 
5.2.3.Market Share Analysis, By Country

5.3.Bluetooth

5.3.1.Key Market Trends, Growth Factors and Opportunities
5.3.2.Market Size and Forecast, By Region 
5.3.3.Market Share Analysis, By Country

CHAPTER 6:  SMART LOCKS MARKET, BY END USER

6.1.Market Overview

6.1.1Market Size and Forecast, By End User

6.2.Commercial

6.2.1.Key Market Trends, Growth Factors and Opportunities
6.2.2.Market Size and Forecast, By Region 
6.2.3.Market Share Analysis, By Country

6.3.Residential

6.3.1.Key Market Trends, Growth Factors and Opportunities
6.3.2.Market Size and Forecast, By Region 
6.3.3.Market Share Analysis, By Country

CHAPTER 7:  SMART LOCKS MARKET, BY REGION

7.1.Market Overview

7.1.1Market Size and Forecast, By Region

7.2.North America

7.2.1.Key Market Trends and Opportunities
7.2.2.Market Size and Forecast, By Product
7.2.3.Market Size and Forecast, By Technology
7.2.4.Market Size and Forecast, By End User
7.2.5.Market Size and Forecast, By Country
7.2.6.United States Smart Locks Market

7.2.6.1.Market Size and Forecast, By Product
7.2.6.2.Market Size and Forecast, By Technology
7.2.6.3.Market Size and Forecast, By End User

7.2.7.Canada Smart Locks Market

7.2.7.1.Market Size and Forecast, By Product
7.2.7.2.Market Size and Forecast, By Technology
7.2.7.3.Market Size and Forecast, By End User

7.2.8.Mexico Smart Locks Market

7.2.8.1.Market Size and Forecast, By Product
7.2.8.2.Market Size and Forecast, By Technology
7.2.8.3.Market Size and Forecast, By End User

7.3.Europe

7.3.1.Key Market Trends and Opportunities
7.3.2.Market Size and Forecast, By Product
7.3.3.Market Size and Forecast, By Technology
7.3.4.Market Size and Forecast, By End User
7.3.5.Market Size and Forecast, By Country
7.3.6.U.K Smart Locks Market

7.3.6.1.Market Size and Forecast, By Product
7.3.6.2.Market Size and Forecast, By Technology
7.3.6.3.Market Size and Forecast, By End User

7.3.7.Germany Smart Locks Market

7.3.7.1.Market Size and Forecast, By Product
7.3.7.2.Market Size and Forecast, By Technology
7.3.7.3.Market Size and Forecast, By End User

7.3.8.France Smart Locks Market

7.3.8.1.Market Size and Forecast, By Product
7.3.8.2.Market Size and Forecast, By Technology
7.3.8.3.Market Size and Forecast, By End User

7.3.9.Spain Smart Locks Market

7.3.9.1.Market Size and Forecast, By Product
7.3.9.2.Market Size and Forecast, By Technology
7.3.9.3.Market Size and Forecast, By End User

7.3.10.Netherlands Smart Locks Market

7.3.10.1.Market Size and Forecast, By Product
7.3.10.2.Market Size and Forecast, By Technology
7.3.10.3.Market Size and Forecast, By End User

7.3.11.Italy Smart Locks Market

7.3.11.1.Market Size and Forecast, By Product
7.3.11.2.Market Size and Forecast, By Technology
7.3.11.3.Market Size and Forecast, By End User

7.3.12.Rest Of Europe Smart Locks Market

7.3.12.1.Market Size and Forecast, By Product
7.3.12.2.Market Size and Forecast, By Technology
7.3.12.3.Market Size and Forecast, By End User

7.4.Asia-Pacific

7.4.1.Key Market Trends and Opportunities
7.4.2.Market Size and Forecast, By Product
7.4.3.Market Size and Forecast, By Technology
7.4.4.Market Size and Forecast, By End User
7.4.5.Market Size and Forecast, By Country
7.4.6.China Smart Locks Market

7.4.6.1.Market Size and Forecast, By Product
7.4.6.2.Market Size and Forecast, By Technology
7.4.6.3.Market Size and Forecast, By End User

7.4.7.Japan Smart Locks Market

7.4.7.1.Market Size and Forecast, By Product
7.4.7.2.Market Size and Forecast, By Technology
7.4.7.3.Market Size and Forecast, By End User

7.4.8.India Smart Locks Market

7.4.8.1.Market Size and Forecast, By Product
7.4.8.2.Market Size and Forecast, By Technology
7.4.8.3.Market Size and Forecast, By End User

7.4.9.South Korea Smart Locks Market

7.4.9.1.Market Size and Forecast, By Product
7.4.9.2.Market Size and Forecast, By Technology
7.4.9.3.Market Size and Forecast, By End User

7.4.10.Australia Smart Locks Market

7.4.10.1.Market Size and Forecast, By Product
7.4.10.2.Market Size and Forecast, By Technology
7.4.10.3.Market Size and Forecast, By End User

7.4.11.Rest of Asia Pacific Smart Locks Market

7.4.11.1.Market Size and Forecast, By Product
7.4.11.2.Market Size and Forecast, By Technology
7.4.11.3.Market Size and Forecast, By End User

7.5.LAMEA

7.5.1.Key Market Trends and Opportunities
7.5.2.Market Size and Forecast, By Product
7.5.3.Market Size and Forecast, By Technology
7.5.4.Market Size and Forecast, By End User
7.5.5.Market Size and Forecast, By Country
7.5.6.Latin America Smart Locks Market

7.5.6.1.Market Size and Forecast, By Product
7.5.6.2.Market Size and Forecast, By Technology
7.5.6.3.Market Size and Forecast, By End User

7.5.7.Middle East Smart Locks Market

7.5.7.1.Market Size and Forecast, By Product
7.5.7.2.Market Size and Forecast, By Technology
7.5.7.3.Market Size and Forecast, By End User

7.5.8.Africa Smart Locks Market

7.5.8.1.Market Size and Forecast, By Product
7.5.8.2.Market Size and Forecast, By Technology
7.5.8.3.Market Size and Forecast, By End User

CHAPTER 8:  COMPANY PROFILES

8.1.August Home

8.1.1.Company Overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.Business Performance
8.1.7.Key Strategic Moves and Developments

8.2.SALTO Systems

8.2.1.Company Overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.Business Performance
8.2.7.Key Strategic Moves and Developments

8.3.Haven Lock, Inc.

8.3.1.Company Overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.Business Performance
8.3.7.Key Strategic Moves and Developments

8.4.Honeywell International Inc.

8.4.1.Company Overview
8.4.2.Key Executives
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.Business Performance
8.4.7.Key Strategic Moves and Developments

8.5.Panasonic Corporation

8.5.1.Company Overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.Business Performance
8.5.7.Key Strategic Moves and Developments

8.6.Samsung SDS Co. Ltd.

8.6.1.Company Overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.Business Performance
8.6.7.Key Strategic Moves and Developments

8.7.Schlage

8.7.1.Company Overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.Business Performance
8.7.7.Key Strategic Moves and Developments

8.8.Spectrum Brands, Inc.

8.8.1.Company Overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.Business Performance
8.8.7.Key Strategic Moves and Developments

8.9.UniKey Technologies Inc.

8.9.1.Company Overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.Business Performance
8.9.7.Key Strategic Moves and Developments

8.10.Vivint, Inc.

8.10.1.Company Overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Operating business segments
8.10.5.Product portfolio
8.10.6.Business Performance
8.10.7.Key Strategic Moves and Developments

LIST OF TABLES

TABLE 1.GLOBAL SMART LOCKS MARKET, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 2.GLOBAL SMART LOCKS MARKET FOR DEADBOLTS, BY REGION, 2020-2030 ($MILLION)
TABLE 3.GLOBAL SMART LOCKS MARKET FOR LEVER HANDLES, BY REGION, 2020-2030 ($MILLION)
TABLE 4.GLOBAL SMART LOCKS MARKET FOR PADLOCKS, BY REGION, 2020-2030 ($MILLION)
TABLE 5.GLOBAL SMART LOCKS MARKET FOR OTHERS, BY REGION, 2020-2030 ($MILLION)
TABLE 6.GLOBAL SMART LOCKS MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 7.GLOBAL SMART LOCKS MARKET FOR WI-FI, BY REGION, 2020-2030 ($MILLION)
TABLE 8.GLOBAL SMART LOCKS MARKET FOR BLUETOOTH, BY REGION, 2020-2030 ($MILLION)
TABLE 9.GLOBAL SMART LOCKS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 10.GLOBAL SMART LOCKS MARKET FOR COMMERCIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 11.GLOBAL SMART LOCKS MARKET FOR RESIDENTIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 12.GLOBAL SMART LOCKS MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 13.NORTH AMERICA SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 14.NORTH AMERICA SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 15.NORTH AMERICA SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 16.UNITED STATES SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 17.UNITED STATES SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 18.UNITED STATES SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 19.CANADA SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 20.CANADA SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 21.CANADA SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 22.MEXICO SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 23.MEXICO SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 24.MEXICO SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 25.EUROPE SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 26.EUROPE SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 27.EUROPE SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 28.UNITED KINGDOM SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 29.UNITED KINGDOM SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 30.UNITED KINGDOM SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 31.GERMANY SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 32.GERMANY SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 33.GERMANY SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 34.FRANCE SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 35.FRANCE SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 36.FRANCE SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 37.SPAIN SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 38.SPAIN SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 39.SPAIN SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 40.NETHERLANDS SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 41.NETHERLANDS SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 42.NETHERLANDS SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 43.ITALY SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 44.ITALY SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 45.ITALY SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 46.REST OF EUROPE SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 47.REST OF EUROPE SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 48.REST OF EUROPE SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 49.ASIA-PACIFIC SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 50.ASIA-PACIFIC SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 51.ASIA-PACIFIC SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 52.CHINA SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 53.CHINA SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 54.CHINA SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 55.JAPAN SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 56.JAPAN SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 57.JAPAN SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 58.INDIA SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 59.INDIA SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 60.INDIA SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 61.SOUTH KOREA SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 62.SOUTH KOREA SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 63.SOUTH KOREA SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 64.AUSTRALIA SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 65.AUSTRALIA SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 66.AUSTRALIA SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 67.REST OF ASIA PACIFIC SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 68.REST OF ASIA PACIFIC SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 69.REST OF ASIA PACIFIC SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 70.LAMEA SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 71.LAMEA SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 72.LAMEA SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 73.LATIN AMERICA SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 74.LATIN AMERICA SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 75.LATIN AMERICA SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 76.MIDDLE EAST SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 77.MIDDLE EAST SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 78.MIDDLE EAST SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 79.AFRICA SMART LOCKS, BY PRODUCT, 2020-2030 ($MILLION)
TABLE 80.AFRICA SMART LOCKS, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 81.AFRICA SMART LOCKS, BY END USER, 2020-2030 ($MILLION)
TABLE 82.AUGUST HOME: KEY EXECUTIVES
TABLE 83.AUGUST HOME: COMPANY SNAPSHOT
TABLE 84.AUGUST HOME: OPERATING SEGMENTS
TABLE 85.AUGUST HOME: PRODUCT PORTFOLIO
TABLE 86.AUGUST HOME: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 87.SALTO SYSTEMS: KEY EXECUTIVES
TABLE 88.SALTO SYSTEMS: COMPANY SNAPSHOT
TABLE 89.SALTO SYSTEMS: OPERATING SEGMENTS
TABLE 90.SALTO SYSTEMS: PRODUCT PORTFOLIO
TABLE 91.SALTO SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 92.HAVEN LOCK, INC.: KEY EXECUTIVES
TABLE 93.HAVEN LOCK, INC.: COMPANY SNAPSHOT
TABLE 94.HAVEN LOCK, INC.: OPERATING SEGMENTS
TABLE 95.HAVEN LOCK, INC.: PRODUCT PORTFOLIO
TABLE 96.HAVEN LOCK, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 97.HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 98.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 99.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 100.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 101.HONEYWELL INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102.PANASONIC CORPORATION: KEY EXECUTIVES
TABLE 103.PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 104.PANASONIC CORPORATION: OPERATING SEGMENTS
TABLE 105.PANASONIC CORPORATION: PRODUCT PORTFOLIO
TABLE 106.PANASONIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107.SAMSUNG SDS CO. LTD.: KEY EXECUTIVES
TABLE 108.SAMSUNG SDS CO. LTD.: COMPANY SNAPSHOT
TABLE 109.SAMSUNG SDS CO. LTD.: OPERATING SEGMENTS
TABLE 110.SAMSUNG SDS CO. LTD.: PRODUCT PORTFOLIO
TABLE 111.SAMSUNG SDS CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 112.SCHLAGE: KEY EXECUTIVES
TABLE 113.SCHLAGE: COMPANY SNAPSHOT
TABLE 114.SCHLAGE: OPERATING SEGMENTS
TABLE 115.SCHLAGE: PRODUCT PORTFOLIO
TABLE 116.SCHLAGE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 117.SPECTRUM BRANDS, INC.: KEY EXECUTIVES
TABLE 118.SPECTRUM BRANDS, INC.: COMPANY SNAPSHOT
TABLE 119.SPECTRUM BRANDS, INC.: OPERATING SEGMENTS
TABLE 120.SPECTRUM BRANDS, INC.: PRODUCT PORTFOLIO
TABLE 121.SPECTRUM BRANDS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 122.UNIKEY TECHNOLOGIES INC.: KEY EXECUTIVES
TABLE 123.UNIKEY TECHNOLOGIES INC.: COMPANY SNAPSHOT
TABLE 124.UNIKEY TECHNOLOGIES INC.: OPERATING SEGMENTS
TABLE 125.UNIKEY TECHNOLOGIES INC.: PRODUCT PORTFOLIO
TABLE 126.UNIKEY TECHNOLOGIES INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 127.VIVINT, INC.: KEY EXECUTIVES
TABLE 128.VIVINT, INC.: COMPANY SNAPSHOT
TABLE 129.VIVINT, INC.: OPERATING SEGMENTS
TABLE 130.VIVINT, INC.: PRODUCT PORTFOLIO
TABLE 131.VIVINT, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 1.GLOBAL SMART LOCKS MARKET SEGMENTATION
FIGURE 2.GLOBAL SMART LOCKS MARKET
FIGURE 3.SEGMENTATION SMART LOCKS MARKET
FIGURE 4.TOP INVESTMENT POCKET IN SMART LOCKS MARKET
FIGURE 5.TOP WINNING STRATEGIES, 2019-2021*
FIGURE 6.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019-2021(%)
FIGURE 7.TOP WINNING STRATEGIES, BY COMPANY, 2019-2021*
FIGURE 8.MODERATE BARGAINING POWER OF BUYERS
FIGURE 9.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE THREAT OF NEW ENTRANTS
FIGURE 11.LOW THREAT OF SUBSTITUTION
FIGURE 12.HIGH COMPETITIVE RIVALRY
FIGURE 13.TOP PLAYER POSITIONING, 2020
FIGURE 14.MARKET SHARE ANALYSIS, 2020
FIGURE 15.RESTRAINTS AND DRIVERS: SMART LOCKS MARKET
FIGURE 16.SMART LOCKS MARKET SEGMENTATION, BY PRODUCT
FIGURE 17.SMART LOCKS MARKET FOR DEADBOLTS, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 18.SMART LOCKS MARKET FOR LEVER HANDLES, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 19.SMART LOCKS MARKET FOR PADLOCKS, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 20.SMART LOCKS MARKET FOR OTHERS, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 21.SMART LOCKS MARKET SEGMENTATION, BY TECHNOLOGY
FIGURE 22.SMART LOCKS MARKET FOR WI-FI, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 23.SMART LOCKS MARKET FOR BLUETOOTH, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 24.SMART LOCKS MARKET SEGMENTATION, BY END USER
FIGURE 25.SMART LOCKS MARKET FOR COMMERCIAL, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 26.SMART LOCKS MARKET FOR RESIDENTIAL, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 27.AUGUST HOME: NET SALES, 2018-2020 ($MILLION)
FIGURE 28.AUGUST HOME: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 29.AUGUST HOME: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 30.SALTO SYSTEMS: NET SALES, 2018-2020 ($MILLION)
FIGURE 31.SALTO SYSTEMS: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 32.SALTO SYSTEMS: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 33.HAVEN LOCK, INC.: NET SALES, 2018-2020 ($MILLION)
FIGURE 34.HAVEN LOCK, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 35.HAVEN LOCK, INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 36.HONEYWELL INTERNATIONAL INC.: NET SALES, 2018-2020 ($MILLION)
FIGURE 37.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 38.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 39.PANASONIC CORPORATION: NET SALES, 2018-2020 ($MILLION)
FIGURE 40.PANASONIC CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 41.PANASONIC CORPORATION: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 42.SAMSUNG SDS CO. LTD.: NET SALES, 2018-2020 ($MILLION)
FIGURE 43.SAMSUNG SDS CO. LTD.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 44.SAMSUNG SDS CO. LTD.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 45.SCHLAGE: NET SALES, 2018-2020 ($MILLION)
FIGURE 46.SCHLAGE: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 47.SCHLAGE: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 48.SPECTRUM BRANDS, INC.: NET SALES, 2018-2020 ($MILLION)
FIGURE 49.SPECTRUM BRANDS, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 50.SPECTRUM BRANDS, INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 51.UNIKEY TECHNOLOGIES INC.: NET SALES, 2018-2020 ($MILLION)
FIGURE 52.UNIKEY TECHNOLOGIES INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 53.UNIKEY TECHNOLOGIES INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 54.VIVINT, INC.: NET SALES, 2018-2020 ($MILLION)
FIGURE 55.VIVINT, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 56.VIVINT, INC.: REVENUE SHARE, BY REGION, 2020 (%)


 
 

The global smart locks market provides lucrative opportunities to market players. Prominent players in the market have developed and launched new and innovative designs in smart locks, in- built with hybrid technology (Wi-Fi + Bluetooth in single device) to cater to a wide customer base in various nations. The deadbolt segment has a major share in the global smart locks market, and is expected to maintain this trend during the forecast period. The demand for smart lever smart locks is expected to increase significantly during the forecast period. Increase in technological advancements such as smart sensors with built-in smart locks and smart cameras in the locks is expected to supplement the market growth. For instance, in July 2021, SALTO Systems launched the versatile locking and access control solution “SALTO Neoxx electronic padlock. This product allows users to take advantage of the benefits of electronic access control, where previously only mechanical locking solution was available. Surge in advanced and reliable technology is expected to drive the growth of smart lock market during the forecast period.

Nevertheless, prominent market players are exploring new technologies and applications to meet the increase in customer demands. Product launches, collaborations, and acquisitions are expected to enable them to expand their product portfolios and penetrate in different regions globally. Emerging economies provide lucrative opportunities to market players for growth and expansion.

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