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SMART LOCKS

Global Market Trajectory & Analytics

MCP14826

VALIDATED EXECUTIVE ENGAGEMENTS

POOL + OUTREACH

2567
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

462
Interactions with Platform & by Email

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77
Unique # Participated

VALIDATIONS

36
Responses Validated*
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DATE

JULY 2020

TABLES

100

PAGES

328

EDITION

9

PRICE

USD $4950


The global market for smart lock is projected to reach US$3.2 billion by 2025 driven by the growing proliferation of smart homes and the ensuing need for smart security solutions. Smart homes worldwide are becoming increasingly common supported by rapid penetration of home automation and smart home technologies; widespread launch and use of myriad types of connected devices; ubiquitous access to high-speed internet as a result of falling tariff rates; robust penetration of smartphones; development of smart microprocessors and connected devices; declining costs and ubiquity of sensors; innovations in embedded system design, and mostly importantly falling cost of smart home applications and products. Proliferation of smartphones especially provides the perfect platform for smart homes and home automation to take flight. Smartphones owned by homeowners coupled with the continuous development of apps that support smart home control and networking, are the primary touchpoints that make the technology readily available and accessible by the population. Smartphones and apps have the potential to convert any existing home into a smart home. All of these factors are playing key roles in bringing consumer internet of things (CIoT) closer to commercialization. Widespread integration of sensors and intelligent sensing capabilities in virtually every home appliance ranging from lightbulbs, fans, lighting controls, TVs, washing machines, refrigerators, air conditioners, kitchen appliances, point of care (POC) home medical equipment, home audio visual entertainment systems to water heaters, has made smart homes more easily deployable and implementable. In the United States alone, smart homes as a percentage of total households are poised to grow from 25% in 2019 to over 38% by 2023.

All new homes being constructed are designed and modeled to support home automation features and functions. All fixtures, furnishings and home assets are also being digitalized to enable smart connectivity. All home renovations and improvements are being targeted at digitally upgrading the home for the simple reason that smart homes have higher valuations in the real estate market. In the United States alone, over 60% of homeowners are including at least one smart device in their newly remodeled property and over 4 in 10 homes have more than 5 to 6 connected devices in their home. In addition to convenience, comfort sustainability, a smart home is also geared for foolproof security and this is where smart locks are benefitting. In fact, security is one of the biggest reasons why consumers are interested in smart homes. Smart locks are the perfect example of mechanical and cyber security converged devices. Key trends in the market include growing popularity of Bluetooth & Wi-Fi based smart locks which bring IoT capabilities to traditional mechanical locks; rising preference for smart locks with biometric fingerprint identification; continuous innovations in digital and keyless locks which are controllable remotely by smartphones; growing investments in industrial IoT and the ensuing demand for smart lock solutions for factories. As CIoT expands in parallel to smart homes, the commercial rewards for innovation in smart locks will become bigger and crucial for success and profitability in the marketplace. The United States and Europe represent large markets worldwide with a combined share of 56.3% of the market. China ranks as the fastest growing market with a CAGR of 16% over the analysis period led by supportive government policy for IoT technology and smart cities; expanding smart home product portfolios of major players; growing importance of remote home monitoring; rising willingness among the expanding base of affluent middle class population to live smart lives as technologies such as artificial intelligence, internet of things, big data, and cloud computing open up a new era in home intelligence.
Allegion PLC; Assa Abloy AB; Cansec Systems Ltd.; dormakaba International Holding AG; Master Lock Company LLC; Onity, Inc.; SALTO Systems SL; Spectrum Brands Holdings, Inc.
» Lock Type (Deadbolts, Lever Handles, Padlocks, Other Lock Types) » Vertical (Commercial, Residential, Institutional & Government, Industrial)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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05
1. MARKET OVERVIEW
Consumer IoT Provides the Foundation for the Growth of Smart Locks in the Residential Sector
Table: Smart Homes Emerge as a Disruptive Trend Enhancing Lives of Homeowners & Also Creating New Market Opportunities for Smart Security Technologies & Solutions: Global Smart Homes Market by Category in US$ Billion for the Years 2018, 2020 and 2022
Industrial IoT & Smart Factory Also Push Up the Need for Smart Locks in the Industrial Sector
Table: Growing Clout of Industry 4.0 Creates New Value for Smart Locks as Vital Cyber-Physical Devices that Secure the Digital Era: Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
Global Competitor Market Shares
Smart Lock Competitor Market Share Scenario Worldwide (in %): 2019
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
ADEL Group (Hong Kong)
Allegion Plc (Ireland)
Anviz Global (China)
ASSA ABLOY AB (Sweden)
August Home, Inc. (USA)
Avent Security (China)
Cansec Systems Ltd. (Canada)
Danalock International ApS (Denmark)
DESSMANN Schliessanlagen GmbH (Germany)
Dahua Technology Co., Ltd. (China)
dormakaba Holding AG (Switzerland)
Gantner Electronic GmbH (Austria)
Gate Labs Inc. (USA)
Haven Lock, Inc. (USA)
Master Lock Company LLC (USA)
MIWA Lock Co. (Japan)
Onity, Inc. (USA)
Salto Systems S.L (Spain)
Samsung SDS (Korea)
SentriLock, LLC. (USA)
Shenzhen Vians Electric Lock Co.,Ltd. (China)
Spectrum Brands Holdings, Inc. (USA)
UniKey Technologies Inc. (USA)
Vivint, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Rising Security & Safety Concerns Drives Demand for Locks
Burglaries by Point of Entry, Method of Entry, and Location: Ranked in Order of Occurrence
Implementation of Anti-Burglary Good Practices Spur the Need for Smart Lock Solutions
Rising Demand for Biometric-based Smart Locks
Select Popular Biometric Door Locks
Smart Cards and Locks Replace Keys and Magnetic Stripe Cards in the Industrial Sector
Minimizing Touch Points and Lowering the Risk of Spreading of Germs: Key Driver for Smart Lock in Healthcare Setups
Technology Improvements Remain Critical for Sustained Market Growth
Wi-Fi & Bluetooth Emerge as Attractive Technologies for Smart Lock
Wi-Fi vs Bluetooth vs Z-Wave vs ZigBee
Narrowband Internet of Things (NB-IoT) Smart Lock Grow in Popularity
AI Makes a Huge Impact on Access Control Connectivity Functions & Capability
As the World Heads Towards an Imminent Recession in 2020, Housing Market Outlook to Leave the Market Jittery Over the Short-Term Period
Table: New Privately Owned Housing Units Started (in Thousands) in the US for the Years 2010 through 2018
Table: Monthly New Privately Owned Housing Units Started (in Thousands) & Percentage Change in the US for the Years 2018 & 2019
Concerns Over Smart Lock Security Breach: The Red Hot Issue
4. GLOBAL MARKET PERSPECTIVE
Smart Locks Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
Smart Locks Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
Deadbolts (Lock Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
Deadbolts (Lock Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
Lever Handles (Lock Type) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
Lever Handles (Lock Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
Padlocks (Lock Type) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
Padlocks (Lock Type) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
Other Lock Types (Lock Type) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027
Other Lock Types (Lock Type) Market Share Breakdown by Region/Country: 2020 VS 2027
Commercial (Vertical) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
Commercial (Vertical) Distribution of Global Sales by Region/Country: 2020 VS 2027
Residential (Vertical) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027
Residential (Vertical) Global Market Share Distribution by Region/Country for 2020 and 2027
Institutional & Government (Vertical) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
Institutional & Government (Vertical) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
Industrial (Vertical) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
Industrial (Vertical) Market Share Shift across Key Geographies: 2020 VS 2027
Bluetooth (Communication Protocol) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
Bluetooth (Communication Protocol) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
Wi-Fi (Communication Protocol) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
Wi-Fi (Communication Protocol) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
NFC (Communication Protocol) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027
NFC (Communication Protocol) Market Share Breakdown by Region/Country: 2020 VS 2027
Other Communication Protocols (Communication Protocol) World Market by Region/Country in US$ Thousand: 2020 to 2027
Other Communication Protocols (Communication Protocol) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
United States Smart Locks Market Estimates and Projections in US$ Thousand by Lock Type: 2020 to 2027
United States Smart Locks Market Share Breakdown by Lock Type: 2020 VS 2027
United States Smart Locks Latent Demand Forecasts in US$ Thousand by Vertical: 2020 to 2027
Smart Locks Market Share Breakdown in the United States by Vertical: 2020 VS 2027
United States Smart Locks Market Estimates and Projections in US$ Thousand by Communication Protocol: 2020 to 2027
United States Smart Locks Market Share Breakdown by Communication Protocol: 2020 VS 2027
CANADA
Canadian Smart Locks Market Estimates and Forecasts in US$ Thousand by Lock Type: 2020 to 2027
Smart Locks Market in Canada: Percentage Share Breakdown of Sales by Lock Type for 2020 and 2027
Canadian Smart Locks Market Quantitative Demand Analysis in US$ Thousand by Vertical: 2020 to 2027
Canadian Smart Locks Market Share Analysis by Vertical: 2020 VS 2027
Canadian Smart Locks Market Estimates and Forecasts in US$ Thousand by Communication Protocol: 2020 to 2027
Smart Locks Market in Canada: Percentage Share Breakdown of Sales by Communication Protocol for 2020 and 2027
JAPAN
Japanese Market for Smart Locks: Annual Sales Estimates and Projections in US$ Thousand by Lock Type for the Period 2020-2027
Japanese Smart Locks Market Share Analysis by Lock Type: 2020 VS 2027
Japanese Demand Estimates and Forecasts for Smart Locks in US$ Thousand by Vertical: 2020 to 2027
Smart Locks Market Share Shift in Japan by Vertical: 2020 VS 2027
Japanese Market for Smart Locks: Annual Sales Estimates and Projections in US$ Thousand by Communication Protocol for the Period 2020-2027
Japanese Smart Locks Market Share Analysis by Communication Protocol: 2020 VS 2027
CHINA
Chinese Smart Locks Market Growth Prospects in US$ Thousand by Lock Type for the Period 2020-2027
Chinese Smart Locks Market by Lock Type: Percentage Breakdown of Sales for 2020 and 2027
Chinese Demand for Smart Locks in US$ Thousand by Vertical: 2020 to 2027
Chinese Smart Locks Market Share Breakdown by Vertical: 2020 VS 2027
Chinese Smart Locks Market Growth Prospects in US$ Thousand by Communication Protocol for the Period 2020-2027
Chinese Smart Locks Market by Communication Protocol: Percentage Breakdown of Sales for 2020 and 2027
EUROPE
European Smart Locks Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
European Smart Locks Market Share Shift by Region/Country: 2020 VS 2027
European Smart Locks Market Estimates and Forecasts in US$ Thousand by Lock Type: 2020-2027
European Smart Locks Market Share Breakdown by Lock Type: 2020 VS 2027
European Smart Locks Addressable Market Opportunity in US$ Thousand by Vertical: 2020-2027
European Smart Locks Market Share Analysis by Vertical: 2020 VS 2027
European Smart Locks Market Estimates and Forecasts in US$ Thousand by Communication Protocol: 2020-2027
European Smart Locks Market Share Breakdown by Communication Protocol: 2020 VS 2027
FRANCE
Smart Locks Market in France by Lock Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
French Smart Locks Market Share Analysis by Lock Type: 2020 VS 2027
Smart Locks Quantitative Demand Analysis in France in US$ Thousand by Vertical: 2020-2027
French Smart Locks Market Share Analysis: A 7-Year Perspective by Vertical for 2020 and 2027
Smart Locks Market in France by Communication Protocol: Estimates and Projections in US$ Thousand for the Period 2020-2027
French Smart Locks Market Share Analysis by Communication Protocol: 2020 VS 2027
GERMANY
Smart Locks Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Lock Type for the Period 2020-2027
German Smart Locks Market Share Breakdown by Lock Type: 2020 VS 2027
Smart Locks Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Vertical for the Period 2020-2027
Smart Locks Market Share Distribution in Germany by Vertical: 2020 VS 2027
Smart Locks Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Communication Protocol for the Period 2020-2027
German Smart Locks Market Share Breakdown by Communication Protocol: 2020 VS 2027
ITALY
Italian Smart Locks Market Growth Prospects in US$ Thousand by Lock Type for the Period 2020-2027
Italian Smart Locks Market by Lock Type: Percentage Breakdown of Sales for 2020 and 2027
Italian Demand for Smart Locks in US$ Thousand by Vertical: 2020 to 2027
Italian Smart Locks Market Share Breakdown by Vertical: 2020 VS 2027
Italian Smart Locks Market Growth Prospects in US$ Thousand by Communication Protocol for the Period 2020-2027
Italian Smart Locks Market by Communication Protocol: Percentage Breakdown of Sales for 2020 and 2027
UNITED KINGDOM
United Kingdom Market for Smart Locks: Annual Sales Estimates and Projections in US$ Thousand by Lock Type for the Period 2020-2027
United Kingdom Smart Locks Market Share Analysis by Lock Type: 2020 VS 2027
United Kingdom Demand Estimates and Forecasts for Smart Locks in US$ Thousand by Vertical: 2020 to 2027
Smart Locks Market Share Shift in the United Kingdom by Vertical: 2020 VS 2027
United Kingdom Market for Smart Locks: Annual Sales Estimates and Projections in US$ Thousand by Communication Protocol for the Period 2020-2027
United Kingdom Smart Locks Market Share Analysis by Communication Protocol: 2020 VS 2027
REST OF EUROPE
Rest of Europe Smart Locks Market Estimates and Forecasts in US$ Thousand by Lock Type: 2020-2027
Rest of Europe Smart Locks Market Share Breakdown by Lock Type: 2020 VS 2027
Rest of Europe Smart Locks Addressable Market Opportunity in US$ Thousand by Vertical: 2020-2027
Rest of Europe Smart Locks Market Share Analysis by Vertical: 2020 VS 2027
Rest of Europe Smart Locks Market Estimates and Forecasts in US$ Thousand by Communication Protocol: 2020-2027
Rest of Europe Smart Locks Market Share Breakdown by Communication Protocol: 2020 VS 2027
ASIA-PACIFIC
Smart Locks Market in Asia-Pacific by Lock Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
Asia-Pacific Smart Locks Market Share Analysis by Lock Type: 2020 VS 2027
Smart Locks Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Vertical: 2020-2027
Asia-Pacific Smart Locks Market Share Analysis: A 7-Year Perspective by Vertical for 2020 and 2027
Smart Locks Market in Asia-Pacific by Communication Protocol: Estimates and Projections in US$ Thousand for the Period 2020-2027
Asia-Pacific Smart Locks Market Share Analysis by Communication Protocol: 2020 VS 2027
REST OF WORLD
Rest of World Smart Locks Market Estimates and Forecasts in US$ Thousand by Lock Type: 2020 to 2027
Smart Locks Market in Rest of World: Percentage Share Breakdown of Sales by Lock Type for 2020 and 2027
Rest of World Smart Locks Market Quantitative Demand Analysis in US$ Thousand by Vertical: 2020 to 2027
Rest of World Smart Locks Market Share Analysis by Vertical: 2020 VS 2027
Rest of World Smart Locks Market Estimates and Forecasts in US$ Thousand by Communication Protocol: 2020 to 2027
Smart Locks Market in Rest of World: Percentage Share Breakdown of Sales by Communication Protocol for 2020 and 2027
Total Companies Profiled : 96 (including Divisions/Subsidiaries - 96)

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