According to the recent report published by Decision foresight, Global Smart Lock Market size was estimated at USD 1.8 billion in 2020 and reach 6.3 billion by 2030 growing with a CAGR of 13% during the forecast period. The smart lock is an automatic electro-mechanical door locks system. It is built to perform the locking and unlocking function through cryptographic key and from commands, which is received from an authorized source using the wireless protocol to execute the authorization process. These commands are usually transmitted through smartphones, wearable devices or tablets using Wi-Fi or Bluetooth, which allows the owner of the house to grant access to a third party by sending the virtual key by email or text message. It can be monitored from any location and customized to restrict universal access. Moreover, the lock provides monitoring features such as access notifications through e-mail, text message and video camera with recording capabilities, to provide visuals of the person at the door. They also have features such as auto-locking options that automatically lock a door if left unlocked for a specific period and perimeter auto-locking that automatically locks the door if the user's smartphone is outside the designated perimeter.
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Key Questions Answered by Smart Lock Market Report
Product popularity and adoption based on various country-level dynamics
Regional presence and product development for leading market participants
Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
Number of employees and market concentration, among others
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KEY PLAYERS

o Schlage
o Honeywell International Inc.
o Panasonic Corporation
o Vivint Inc.
o ASSA ABLOY AB
o UniKey Technologies Inc.
o Haven Lock Inc.
o August Home
o Spectrum Brand Inc.
o Samsung SDS Co. Ltd.

Research Scope:
KEY MARKET SEGMENTS:
By Lock Type
o Deadbolts
o Lever Handles
o Padlocks
o Others
By Vertical
o Commercial
o Residential
o Industrial
By Technology
o Bluetooth
o Wi-Fi
o Others
By Geography
o North America
 U.S.
 Canada
 Mexico
o Europe
 U.K.
 France
 Germany
 Italy
 Rest of Europe
o Asia-Pacific
 Japan
 China
 India
 Australia
 Rest of Asia Pacific
o ROW
 Latin America
 Middle East
 Africa

About Us
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