Learn about the global smart locks market through The Business Research Company, which provides information on smart locks market size, smart locks market drivers and restraints, smart locks market players, the COVID-19 impact on the smart locks market, and more.

The global smart locks market is expected to grow from $1.81 billion in 2021 to $2.16 billion in 2022 at a compound annual growth rate (CAGR) of 19.1%. The global smart locks market size is expected to grow to $3.87 billion in 2026 at a compound annual growth rate (CAGR) of 15.7%.

An increase in the number of residential and commercial projects is expected to propel the growth of the smart locks market going forward.

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The smart lock market consists of sales of smart locks by entities (organizations, sole traders, and partnerships) that are used for locking and unlocking doors using different technologies such as Wi-Fi and Bluetooth. Smart locks are keyless door locks that allow the door to be opened without the use of a physical key. These locks can be connected to the home’s Wi-Fi network, which allows them to receive the code or smartphone command to lock or unlock.

Global Smart Locks Market Segments Include:

By Product: Deadbolts, Commercial, Padlocks, Others

By Communication Technology: Wi-Fi, Bluetooth, Zigbee, Z-Wave

By Authentication Method: Biometric, Pin Code, RFID Cards

By Application: Residential, Hospitality, Enterprise, Critical Infrastructure, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global smart locks market in 2021.

Technological advancements are a key trend gaining popularity in the smart locks market. Major companies operating in the smart locks sector are focused on developing new technological solutions to meet consumer demand.

TBRC’s Smart Locks Market Report Covers:

Major Market Players: Allegion PLC, Assa Abloy AB, August Home, Cansec Systems Ltd, Dorma + Kaba Holding AG, Gantner Electronic GmbH, HAVENLock, Honeywell International Inc, Master Lock Company LLC, Onity Inc, Salto Systems, Samsung Electronics Co Ltd, Schlage, Spectrum Brands Holdings Inc, UniKey Technologies Inc, U-tec Group Inc, Vivint Inc, Yale Locks & Hardware (ASSA ABLOY AB), Avent Security, Goji, SDS Smart Locks, Mul-T-Lock, and Panasonic Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Smart Locks Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides smart locks market overviews, analyzes and forecasts market size, share, smart locks market players, smart locks market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s smart locks market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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