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DATE
JUL 2020
TABLES
100
PAGES
328
EDITION
9
PRICE
USD $4950

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.
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE |
II. EXECUTIVE SUMMARY |
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 |
III. MARKET ANALYSIS |
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 |
IV. COMPETITION |
Total Companies Profiled : 96 (including Divisions/Subsidiaries - 96) Click here to request a full table of contents and more details on this project. |
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