The Global Smart Lock Market was valued at USD 1.21 billion in 2016 and is projected to reach USD 3.71 billion by 2025, growing at a CAGR of 13.25% from 2017 to 2025.
A smart lock is an electromechanical lock which is designed to perform locking and unlocking operations on a door when it receives such instructions from an authorized device using a wireless protocol and a cryptographic key to execute the authorization process. Smart locks are able to grant or deny access remotely via a mobile app. Benefits of using a smart lock includes â€" increased convenience, improved security, increased connectivity, no more passive security, and some smart locks can have security camera installations.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Rising adoption of IoT-based security systems
1.2 Increasing urban infrastructure in developing countries
1.3 Growing adoption of smartphones and other connected devices
1.4 Advanced features compared with traditional lock systems
1.5 Increasing security and safety concerns
2. Market Restraints
2.1 Cyber attack treats through smart devices
2.2 Costly solutions
2.3 Poor awareness among customers
Market Segmentation:
The Global Smart Lock Market is segmented on the communication protocol, lock type, vertical, and region.
1. Communication Protocol:
1.1 Zigbee
1.2 Bluetooth
1.3 Wi-Fi
1.4 Z-Wave
1.5 Thread
1.6 NFC
2. By Lock Type:
2.1 Padlocks
2.2 Lever Handles
2.3 Deadbolts
2.4 Knob locks
3. By Vertical:
3.1 Institution & Government
3.2 Commercial
3.3 Industrial Others
3.4 Residential
3.5 Others
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Allegion Plc
2. Gantner Electronic GmbH
3. ASSA ABLOY AB
4. Amadas Inc.
5. Samsung Electronics Co., Ltd.
6. Cansec Systems Ltd.
7. Dorma+Kaba Holding AG
8. MIWA Lock Co.
9. Dessmann
10. Spectrum Brands Holdings, Inc.
11. Haven Lock, Inc.
12. Master Lock Company LLC
13. Shenzhen Vians Electric Lock Co.,Ltd.
14. Salto Systems S.L.
15. Onity, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Smart Lock Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
1 INTRODUCTION OF GLOBAL SMART LOCK MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL SMART LOCK MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL SMART LOCK MARKET COMMUNICATION PROTOCOL
5.1 Zigbee
5.2 Bluetooth
5.3 Wi-Fi
5.4 Z-Wave
5.5 Thread
5.6 NFC
6 GLOBAL SMART LOCK MARKET BY LOCK TYPE
6.1 Padlocks
6.2 Lever Handles
6.3 Deadbolts
6.4 Knob locks
7 GLOBAL SMART LOCK MARKET BY VERTICAL
7.1 Institution & Government
7.2 Commercial
7.3 Industrial Others
7.4 Residential
7.5 Others
8 GLOBAL SMART LOCK MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
8.5.1 Brazil
8.5.2 Argentina
8.6 Rest of the World Regional Market Estimates and Forecasts, 2012 - 2025
9 GLOBAL SMART LOCK MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Share
9.3 Vendor Landscape
9.4 Key Development Strategies
10 COMPANY PROFILES
10.1 Allegion Plc
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Gantner Electronic GmbH
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 ASSA ABLOY AB
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Amadas Inc.
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Samsung Electronics Co., Ltd.
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Cansec Systems Ltd.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Dorma+Kaba Holding AG
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 MIWA Lock Co.
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Dessmann
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Spectrum Brands Holdings, Inc.
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
10.11 Haven Lock, Inc.
10.11.1 Overview
10.11.2 Financial Performance
10.11.3 Product Outlook
10.11.4 Key Developments
10.12 Master Lock Company LLC
10.12.1 Overview
10.12.2 Financial Performance
10.12.3 Product Outlook
10.12.4 Key Developments
10.13 Shenzhen Vians Electric Lock Co.,Ltd.
10.13.1 Overview
10.13.2 Financial Performance
10.13.3 Product Outlook
10.13.4 Key Developments
10.14 Salto Systems S.L.
10.14.1 Overview
10.14.2 Financial Performance
10.14.3 Product Outlook
10.14.4 Key Developments
10.15 Onity, Inc.
10.15.1 Overview
10.15.2 Financial Performance
10.15.3 Product Outlook
10.15.4 Key Developments
11 Appendix
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