The global smart lock market size is expected to reach USD 8.87 billion in 2028 at a CAGR of 15.0% during the forecast period, according to the latest report by Emergen Research. Integrated access control systems provide regulated control over doors, user recognition, and full control over facility operations. Increasing demand for these systems to create a convenient and safe smart home experience is a key factor expected to further fuel the revenue growth of the market. In addition, growing need for remote access to properties among homeowners due to increasing trend of shared living space has significantly boosted demand for smart lock and is expected to continue going ahead.

The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Smart Lock market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.

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Key companies operating in the Smart Lock market include:

Assa Abloy AB, Allegion Plc., dormakaba Holding AG, Spectrum Brands Holdings, Inc., SALTO Systems, Onity, Inc., Samsung SDS, Panasonic Corporation, The Master Lock Company, and Godrej Group.

Key Objectives of the Report:

• Analysis and estimation of the Smart Lock market size and share for the projected period of 2020-2027
• Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Smart Lock market
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
• Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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For the purpose of this report, Emergen Research has segmented the global smart lock market on the basis of lock type, authentication method, communication protocol, application outlook, and region:

Lock Type Outlook (Revenue, USD Billion; 2018-2028)

• Lever Handles
• Deadbolts
• Padlocks
• Others

Authentication Method Outlook (Revenue, USD Billion; 2018-2028)

• Pin Code
• Biometric
• RFID Cards

Communication Protocol Outlook (Revenue, USD Billion; 2018-2028)

• Wi-Fi
• Bluetooth
• Others

Application Outlook (Revenue, USD Billion; 2018-2028)

• Residential
• Commercial
• Industrial
• Institutional Government

Regional Analysis:

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

Key regions in the market include:

• North America
  • S.
  • Canada
• Europe
  • K.
  • Italy
  • Germany
  • France
  • Rest of EU
• Asia Pacific
  • India
  • Japan
  • China
  • South Korea
  • Australia
  • Rest of APAC
• Latin America
  • Chile
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of MEA

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