The UK Smart Lock is anticipated to grow at a CAGR 10.2% during the forecast period. The factor such as Increasing crime rates, high burglaries rate, investment of the government in security and surveillance of public places and government infrastructure will surge the adoption of advanced security systems such as smart locks. Thus, propels the growth of the UK smart lock market during the forecast period. The country has well developed infrastructure having about 460 airports, 16,000 km of railways lines, 400 thousand km of roadways and more than 620 km of waterways for commercial purpose. Furthermore, the Europe is home to many major smart lock manufacturing companies such as Assa Abloy (Global Technologies), Bosch Security Systems, Allegion PLC and many more.
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Nowadays, smart locks are often integrated with the software that enables the operation of smart locks through mobile phones. These portable electronic smart devices are in reach to everyone making it easier to keep track on the property while away from them. According to International Telecommunication Union, mobile cellular subscriptions have grown to 79.1 million in 2017 from 78.6 million. The rise in the mobile phones subscriptions in the UK will support the adoption of the smart locks.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
UK Smart Locks Market by Communication Protocol
- Bluetooth
- Wi-Fi
- Others
UK Smart Locks Market by Application
- Residential
- Government
- Commercial
UK Smart Locks Market by Type
- PadLocks
- Lever Handles
- Deadbolts
- Others
Company Profiles
- ASSAY ABLOY
- August Smart lock
- GANTNER ELECTRONIC GMBH
- Master Lock Co. LLC
- Nuki Home Solutions GmbH
- Samsung Electronics Co., Ltd.
- Yale Locks
- ZKTeco Co., Ltd.
The Report Covers
- Comprehensive research methodology of the UK Smart Locks market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the UK Smart Locks market.
- Insights about market determinants which are stimulating the UK Smart Locks market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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