Smart Lock Market Major Manufacturers, Trends, Sales, Supply, Demand, Share Analysis to 2027

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New Study Reports "Smart Lock Market 2021, Analysis, Growth, Size, Trends Forecasts 2027" has been Added on MarketResearchFuture.

Smart Lock Market 2021-2027

New Study Reports "Smart Lock Market 2021, Analysis, Growth, Size, Trends Forecasts 2027" has been Added on MarketResearchFuture.

Report Overview

The global Smart Lock market is projected to reach USD 24 billion at a CAGR of over 33% by the end of the forecast period, 2017-2026.

Starting with the overview of the Smart Lock Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2021 has been considered as the base year, with the forecast period extending to 2027. 

Smart Lock are used for the safety and security of personal, organizational, and professional assets. Digital lock systems are used in a variety of workplaces, such as residential, companies, and government offices around the globe. There are many forms of Smart Lock available on the market, such as fingerprint recognition, voice recognition, face recognition, and some others.

Market Dynamics

Increasing demand for improved home security solutions is a crucial driver of the growth of the market for Smart Lock. Technology giants such as Honeywell International, Allegion PLC., Hanman International Pte Ltd., Nestwell Technologies, Cisco Systems, Inc., Godrej Boyce Manufacturing Company Ltd., Panasonic Corporation, and Hitachi Ltd. are some of the leading players in the global market for Smart Lock. Growing demand for reliable and cost-effective digital door security systems and solutions at the workplace is also one of the vital factors driving the growth of the global market for Smart Lock. In addition, the growing popularity of advanced security solutions such as face recognition and fingerprint recognition are another factor responsible for propelling the growth of the global market for Smart Lock.

Key Players

The report has profiled some of the Important players prevalent in the global like – Hanman International Pte Ltd. (Singapore), Nestwell Technologies (India), Godrej Boyce Manufacturing Company Ltd. (India), Cisco Systems, Inc. (U.S.), Allegion PLC (Republic of Ireland), Panasonic Corporation (Japan), Hitachi Ltd. (Japan), Wintec Electronic Tech Co. Ltd. (China), Assa Abloy Group (Sweden), Xeeder Technology Co. Ltd. (China), United Technologies Corporation (U.S.), Vivint, Inc. (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), and Tyco International Ltd. (Republic of Ireland)  and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smart Lock.

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Market Segmentation

The global market for Smart Lock has been segmented into type and end-user. 

Based on the type, the global Smart Lock market has been segmented into biometrics and keypad. The biometrics segment is further divided into face recognition, iris recognition, palm recognition, voice recognition, signature recognition, and fingerprint recognition. The biometrics segment is expected to witness the highest market share of the Smart Lock market and is also expected to rise at the highest pace over the forecast period due to the growing deployment of high-level security solutions. The growth of the biometrics segment is also attributed to the large-scale deployment of fingerprint recognition devices across residential and commercial sectors. The keypad segment is further classified into magnetic stripe locks, electromechanical door locks, and electric strike locks. Whereas, 

Based on the end-user, the global Smart Lock market has been segmented into commercial, residential, industrial, and government.

Regional Analysis

Region-wise, the global Smart Lock market has been segmented into Asia Pacific, North America, Europe, and the Rest of the World.

The North America region gained the largest market share in the world, followed by Europe and the Asia Pacific. The U.S. and Canada control the North American market due to growing technological advances and increasing demand for safety and security in the region. In addition, the area has a well-established infrastructure that allows for faster deployment of advanced technologies. In addition, the increasing adoption of convenient safety solutions is another primary driver of the expansion of the Smart Lock market in the region.

Key Stakeholders 
Smart Lock Market Manufacturers 
Smart Lock Market Distributors/Traders/Wholesalers 
Smart Lock Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Complete Report Details@

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions Limitations

2.3 Markets Structure

3 Market Research Methodology


  1. Company Profiles

11.1 Hanman International Pte Ltd.

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Nestwell Technologies

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Godrej Boyce Manufacturing Company Ltd.

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Cisco Systems, Inc.

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

And more


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