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Locks and Security News: your weekly locks and security industry newsletter
21st February 2024 Issue no. 693

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Smart Locks Market by application (Residential, Commercial, Hospitality, Industrial, Others) - competitive analysis and forecast 2017 - 2025

* Smart-locks-market-segments.jpgSmart locks refer to electromagnetic locks designed to operate using smartphones, laptops or similar mobile devices. These locks are typically operated through a mobile app, email or SMS using communication technologies such as Wi-Fi and Bluetooth Smart locks are also capable to monitor and send alerts for any skeptical events to the homeowners.

The increasing installation of smart locks can be attributed to the growing popularity of home automation across different regions. Smart locks enable enhanced control enabling the users to lock/unlock the door remotely, irrespective of their location.

Additionally, users can extend "digital keys" to friends, family, caregivers and anyone else who is a regularly visitor to the house. Thus, smart locks offer better flexibility as compared to the conventional locks along with improved security features.

The overall smart locks market is primarily driven by the increasing focus towards safety and security among residents as well as commercial spaces. Smart locks offers a plethora of features and thus, allow the users to have a better control over people accessing their homes/commercial spaces. Smart locks offer numerous advantages such as granting permission to others to control the locks with their phones and also the convenience to lock/unlock the door. Moreover, factors such as growing penetration of smartphones, mobile apps and internet usage too contribute significantly to the adoption of smart locks.

The report titled "Global Smart Locks Market - Growth, Future Prospects and Competitive Analysis, 2017 - 2025" offers strategic insights into the global smart locks market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on product type, application and cross-sectional study across different geographies and sub-geographical regions.

The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision makers, the report also includes competitive profiling of the leading smart locks vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are Cansec Systems Ltd., Allegion Plc., Dormakaba Holding AG, Assa Abloy AB, Spectrum Brands, Inc., Master Lock Company LLC, Onity, Inc., Salto Systems S.L., MIWA Lock Co., Ltd. and UniKey Technologies, Inc. among others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:

- Current and future market trends to justify the forthcoming attractive markets within the smart locks market
- Comparative analysis for different segments for the years 2016 & 2025
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
- Trailing 2-Year market size data (2015 - 2016)
- SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global smart locks market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.


15th November 2017

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