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According to Stratistics MRC, the Smart Lock Market is estimated at $0.97 billion in 2016 and is expected to reach $2.40 billion by 2023 growing at a CAGR of 13.7% from 2016 to 2023 Rising demand for dynamic unlocking mechanism is a primary factor fostering the market. Some of the key factors that drive the market growth include growing awareness regarding safe home solutions, stable growth in portable connected smart devices and rising demand for secure locks. However, threat from phones as its assistance being hacked and issues associated with high R&D costs are creating hurdles in the market growth. Moreover, home access and cloud based lock management solutions are likely to present considerable growth opportunities in this market.
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. It also monitors access and sends alerts for the different events it monitors and some other critical events related to the status of the device. Most of the smart locks are simple and are at-home installable devices that can fit over the thumb turn of a deadbolt contained on the inside portion of the door.
By application, hospitality segment commanded the largest market share due to growing security related threats among consumers during their stay at foreign locations. Due to the advancements in security tools such as remote door locking, window and door opening sensors the demand for smart locks is increasing from residential segment. Asia Pacific witnessed a substantial growth in the market attributed to rising commercial as well as residential infrastructure projects across countries such as China, India and Korea. North America is anticipated to emerge as a leading region during the forecast period.
Some of the key players in global Smart Lock market include Cansec System, Weiser Lock, Avent Security, Yale Real Living, Sheorey Digital Systems Pvt. Ltd, AT&T Intellectual Property, Kwikset Company, Lowe’s Companies, Inc, Comcast Corp, Mul-T-Lock Company, Smart Locking Logic, Okidokeys, SentriLock, UniKey Technologies, Inc and Schlage.
Lock Types Covered:
• Padlocks
• Deadbolt
• Lever Handles
• Other Lock Types
Sub Products Covered:
• Touch Screen
• Motion Sensor
• Keypads
End Users Covered:
• Industrial
• Residential
• Commercial
• Institution & Government
• Critical Infrastructure
• Enterprise
Communication Protocols Covered:
• Bluetooth
• Wi-Fi
• Other Communication Protocols
Sub-Markets Covered:
• Energy Security
• Port Security
• Casino Management
• Physical Security
• Data Center Security
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Lock Market, By Lock Type
5.1 Introduction
5.2 Padlocks
5.3 Deadbolt
5.4 Lever Handles
5.5 Other Lock Types
6 Global Smart Lock Market, By Sub Product
6.1 Introduction
6.2 Touch Screen
6.3 Motion Sensor
6.4 Keypads
7 Global Smart Lock Market, By End User
7.1 Introduction
7.2 Industrial
7.2.1 Oil & Gas
7.2.2 Transportation & Logistics
7.2.3 Energy & Power
7.2.4 Manufacturing
7.3 Residential
7.3.1 Individual Houses
7.3.2 Condominium
7.4 Commercial
7.4.1 Healthcare
7.4.2 Retail Stores and Malls
7.4.3 Hospitality
7.4.4 Corporate
7.5 Institution & Government
7.6 Critical Infrastructure
7.7 Enterprise
8 Global Smart Lock Market, By Communication Protocol
8.1 Introduction
8.2 Bluetooth
8.3 Wi-Fi
8.4 Other Communication Protocals
8.4.1 Thread
8.4.2 Z-Wave
8.4.3 NFC
8.4.4 ZigBee
9 Global Smart Lock Market, By Sub-Market
9.1 Introduction
9.2 Energy Security
9.3 Port Security
9.4 Casino Management
9.5 Physical Security
9.6 Data Center Security
10 Global Smart Lock Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Cansec System
12.2 Weiser Lock
12.3 Avent Security
12.4 Yale Real Living
12.5 Sheorey Digital Systems Pvt. Ltd.
12.6 AT&T Intellectual Property
12.7 Kwikset Company
12.8 Lowe’s Companies, Inc.
12.9 Comcast Corp.
12.10 Mul-T-Lock Company
12.11 Smart Locking Logic
12.12 Okidokeys
12.13 SentriLock
12.14 UniKey Technologies, Inc.
12.15 Schlage
List of Tables
1 Global Smart Lock Market Outlook, By Region (2014-2023) (US $MN)
2 Global Smart Lock Market Outlook, By Lock Type (2014-2023) (US $MN)
3 Global Smart Lock Market Outlook, By Padlocks (2014-2023) (US $MN)
4 Global Smart Lock Market Outlook, By Deadbolt (2014-2023) (US $MN)
5 Global Smart Lock Market Outlook, By Lever Handles (2014-2023) (US $MN)
6 Global Smart Lock Market Outlook, By Other Lock Types (2014-2023) (US $MN)
7 Global Smart Lock Market Outlook, By Sub Product (2014-2023) (US $MN)
8 Global Smart Lock Market Outlook, By Touch Screen (2014-2023) (US $MN)
9 Global Smart Lock Market Outlook, By Motion Sensor (2014-2023) (US $MN)
10 Global Smart Lock Market Outlook, By Keypads (2014-2023) (US $MN)
11 Global Smart Lock Market Outlook, By End User (2014-2023) (US $MN)
12 Global Smart Lock Market Outlook, By Industrial (2014-2023) (US $MN)
13 Global Smart Lock Market Outlook, By Oil & Gas (2014-2023) (US $MN)
14 Global Smart Lock Market Outlook, By Transportation & Logistics (2014-2023) (US $MN)
15 Global Smart Lock Market Outlook, By Energy & Power (2014-2023) (US $MN)
16 Global Smart Lock Market Outlook, By Manufacturing (2014-2023) (US $MN)
17 Global Smart Lock Market Outlook, By Residential (2014-2023) (US $MN)
18 Global Smart Lock Market Outlook, By Individual Houses (2014-2023) (US $MN)
19 Global Smart Lock Market Outlook, By Condominium (2014-2023) (US $MN)
20 Global Smart Lock Market Outlook, By Commercial (2014-2023) (US $MN)
21 Global Smart Lock Market Outlook, By Healthcare (2014-2023) (US $MN)
22 Global Smart Lock Market Outlook, By Retail Stores and Malls (2014-2023) (US $MN)
23 Global Smart Lock Market Outlook, By Hospitality (2014-2023) (US $MN)
24 Global Smart Lock Market Outlook, By Corporate (2014-2023) (US $MN)
25 Global Smart Lock Market Outlook, By Institution & Government (2014-2023) (US $MN)
26 Global Smart Lock Market Outlook, By Critical Infrastructure (2014-2023) (US $MN)
27 Global Smart Lock Market Outlook, By Enterprise (2014-2023) (US $MN)
28 Global Smart Lock Market Outlook, By Communication Protocal (2014-2023) (US $MN)
29 Global Smart Lock Market Outlook, By Bluetooth (2014-2023) (US $MN)
30 Global Smart Lock Market Outlook, By Wi-Fi (2014-2023) (US $MN)
31 Global Smart Lock Market Outlook, By Other Communication Protocals (2014-2023) (US $MN)
32 Global Smart Lock Market Outlook, By Thread (2014-2023) (US $MN)
33 Global Smart Lock Market Outlook, By Z-Wave (2014-2023) (US $MN)
34 Global Smart Lock Market Outlook, By NFC (2014-2023) (US $MN)
35 Global Smart Lock Market Outlook, By ZigBee (2014-2023) (US $MN)
36 Global Smart Lock Market Outlook, By Sub-Market (2014-2023) (US $MN)
37 Global Smart Lock Market Outlook, By Energy Security (2014-2023) (US $MN)
38 Global Smart Lock Market Outlook, By Port Security (2014-2023) (US $MN)
39 Global Smart Lock Market Outlook, By Casino Management (2014-2023) (US $MN)
40 Global Smart Lock Market Outlook, By Physical Security (2014-2023) (US $MN)
41 Global Smart Lock Market Outlook, By Data Center Security (2014-2023) (US $MN)
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.
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