The global smart lock market size was valued at $1.2 billion in 2019 and is expected to grow at an annual average of 18% from 2021 to 2027. The spread of smart home security devices worldwide. Increasing consumer awareness of the benefits of advanced security solutions is expected to have a positive impact on product sales. In addition, as the number of smartphone users around the world increases, the deployment of smart locks has increased over the past few years due to advantages such as convenience and easy user interface.
A full report of Smart Lock Market available at: https://www.orionmarketreports.com/smart-lock-market/24199/
Key Players:
Some of the prominent players in the global smart lock market: The Assa Abloy Group (Sweden), Allegion Plc (Ireland), Dormakaba Holding AG (Switzerland), Spectrum Brands Holdings, Inc. (U.S.), Salto Systems S.L. (Spain), Onity Inc. (U.S.), Cansec Systems Ltd. (Canada), Master Lock (U.S.), August, Inc. (U.S.), Kwikset (U.S.), Haven Holidays (U.K), and among others.
Smart Lock Market- Segmentation
By Lock Type
• Deadbolts
• Lever Handles
• Padlocks
• Other Locks (Knob locks, rim/mortise locks and rim cylinders, and rim latch locks)
By Communication Protocol
• Bluetooth
• Wi-Fi
• Other Protocols (Zigbee, Z-Wave, Thread, and NFC, among others)
By Vertical:
• Commercial
• Residential
• Institution & Government
• Industrial
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