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Smart Lock Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Smart Lock Market - (By Type – Deadbolts, Lever Handles, Padlocks, Other Locks: By Technology- Keypad, Smart Card, Biometric, Wireless ((includes Smartphone/ App based): By Application – Commercial, Industrial, Residential, Government Institution & Others and By Country) - Industry Dynamics, Market Size, Opportunity and Forecast to 2030

  • Published Date: 13-Jan-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0123344
    Delivery: 2 to 4 Hours
Smart Lock Market

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Report AttributeDetails
Market Size Value in 2022US$ 5,977.8 Million
Expected Revenue in 2030US$ 13,147.7 Million
Historic Data2017-2021
Base Year2022
Forecast Period2023-2030
UnitValue (USD Mn)
CAGR10.4% (2023-2030)
Segments coveredBy Lock, By Technology, By Application, By Region
Key Companies                                                                                     Allegion plc, ASSA ABLOY AB, Aventsecurity, Cansec Systems Ltd., GANTNER Electronic GmbH, Haven Lock, Inc., Master Lock Company LLC, MIWA Lock Co., Mul-T-Lock., Okidokeys, Onity, Inc., Salto Systems S.L., Samsung Electronics Co., Ltd., SDS Smart Locks, SentriLock, Shenzhen Vians Electric Lock Co., Ltd., Spectrum Brands Holdings, Inc., UniKey Technologies Inc., Weiser, Wyze Labs, Inc., Other Prominent Players
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The global Smart Lock market size was US$ 5,977.8 Million in 2022.

The global Smart Lock Market is studied from 2017-2030.

Yes, the global Smart Lock Market report includes COVID-19 impact analysis. 

The global Smart Lock market is projected to grow at a CAGR of 10.4% during the forecast period 2023-2030 and is expected to reach a value of USD 13,147.7 million by the end of 2030. 

Factor such as growing trend of IoT and rising consumer awareness regarding the benefits of advanced security are driving the growth of the global Smart Lock market.

The residential segment holds highest CAGR in the global Smart Lock market during the forecast period.

Asia-Pacific region is growing with the highest CAGR during the forecast period. 

High cost of smart locks is a major limiting factor for the global Smart Lock market growth. 

US holds the major share in term of revenue in the North America Smart Lock market.

Growing popularity of smart homes provide a lucrative growth opportunity in the global Smart Lock market.

Lock mechanism, technology, application, and region are the different segments in the global Smart Lock market.

Alphabet Inc., Amazon Inc., Apple Inc., Comcast Corporation, DirecTV LLC, Dish TV, Liberty Global Plc, Netflix Inc., The Walt Disney Company, Warner Bros. Discovery, Inc., and among others.