Smart Door Lock Market Research Report 2017

  • Published Date: Dec-18
  • 160 Pages
  • Category: Technology
  • Format: Email PDF + Excel
  • Language: ENG

Study of Stratistics MRC, In 2016 the Smart Lock Market is estimated at $0.97 billion and is expected to reach $2.40 billion by 2023, from 2016 to 2023 which is increasing at CAGR of 13.7% Increasing demand for dynamic unlocking mechanism is a primary factor fostering the market. Some of the main factors that drive the market development include increasing awareness concerning safe home solutions, stable development in portable connected smart devices and increasing demand for secure locks. However, the risk from phones as its assistance being hacked and issues associated with high R&D costs are creating hurdles in the market growth. Moreover, home access and cloud-based lock management solutions are likely to present considerable growth opportunities in this market.

A smart lock is an electromechanical lock, which is designed to be used to unlock and lock a protocol, when it comes to applying the authorization process using the wireless protocol and cryptographic main Receives instructions. It also monitors access and sends alerts for the various events it monitors and some other critical events related to the status of the device. Most of the smart locks are simple and there are installable devices in the house that can fit over the thumb turn of a deadbolt contained on the inside portion of the door.

By application, the the hospitality segment commanded the largest market share due to growing security-related threats among consumers during their stay at foreign locations. Due to the advancements in security tools such as remote door locking, window,, and door opening sensors the demand for smart locks is increasing from the the residential segment. The Asia Pacific witnessed a meaningful development in the market attributed to rising commercial as well as residential configuration projects across countries like China, India,, and Korea. North America is expected to emerge as a leading region during the forecast period.

Some of the main players in the the global Smart Lock market include Yale Real Living, Kwikset Company, Cansec System, Weiser Lock, Avent Security, Sheorey Digital Systems Pvt. Ltd, AT&T Intellectual Property, Lowes Companies, Inc, Comcast Corp, Mul-T-Lock Company, Smart Locking Logic, Okidokeys, SentriLock, UniKey Technologies, Inc and Schlage.

Lock Types Covered: •

Padlocks •

Deadbolt •

Lever Handles •


Lock Types Sub Products Covered: •

Touch Screen •

Motion Sensor •


End Users Covered: •

Industrial •

Residential •

Commercial •

Institution & Government •

Critical Infrastructure •


Communication Protocols Covered: •

Bluetooth •



Communication Protocols Sub-Markets Covered: •

Energy Security •

Port Security •

Casino Management •

Physical Security •

Data Center Security Regions Covered:

North America










Rest of Europe

Asia Pacific





New Zealand

South Korea

Rest of Asia Pacific

South America


Brazil Chile

Rest of South America

Middle East & Africa

Saudi Arabia

UAE Qatar

South Africa

Rest of Middle East & Africa