Publisher projects that the Smart Lock Market size will grow from USD 1.24 Billion in 2017 to USD 2.61 Billion by 2023, at an estimated CAGR of 13.26%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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Rising adoption of smartphones and other connected devices acts as a driver for the growth of the smart lock market. Moreover, growing security and safety concerns and enhanced features compared with traditional lock systems also drive the growth of this market.The smart lock market for Wi-Fi is expected to grow at the highest CAGR during the forecast period.
Wi-Fi can be accessed through various devices, such as smartphones, personal computers, and tablets.
The growth of the market for Wi-Fi can be attributed to the factors such as high speed and wireless connectivity offered to smart lock system.
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the increasing adoption of IoT, globally, is driving the growth of this market.
By Market Players:
ASSA ABLOY AB, Allegion Plc, Dorma+Kaba Holding AG, Spectrum Brands Holdings, Inc., Salto Systems S.L., Onity, Inc., Cansec Systems Ltd., Gantner Electronic GmbH, Master Lock Company LLC, MIWA Lock Co.
By Lock Type
Deadbolt, Lever Handles, Padlocks, Other Locks
By Communication Protocol
Wi-Fi, Bluetooth, Others
Commercial, Residential, Institution & Government, Industrial
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report.
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
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The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
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The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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Chapter 1 Industry Overview
Chapter 2 Production Market Analysis
Chapter 3 Sales Market Analysis
Chapter 4 Consumption Market Analysis
Chapter 5 Production, Sales and Consumption Market Comparison Analysis
Chapter 6 Major Manufacturers Production and Sales Market Comparison Analysis
Chapter 7 Major Lock Type Analysis
Chapter 8 Major Communication Protocol Analysis
Chapter 9 Industry Chain Analysis
Chapter 10 Global and Regional Market Forecast
Chapter 11 Major Manufacturers Analysis
Chapter 12 New Project Investment Feasibility Analysis
Chapter 13 Conclusions
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