The Asia-Pacific Smart Lock is anticipated to grow at a CAGR 10.6% during the forecast period. The Asia-pacific smart lock market is propelling at a significant rate across the globe. The large smartphones consumer base along with the wide availability of internet in the emerging economies of the region, particularly in India, China, and Japan, is majorly propelling the adoption of Asia Pacific smart lock. The Internet of Things (IoT) is the connection of devices for establishing a connection between the objects. The rapid penetration of smartphones has further augmented the connectivity of objects, which majorly includes internet connection of home objects such as door locks, fan, and lights, among others.
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According to a white paper published by United Parcel Service (UPS) and the United States’ Consumer Technology Association, in March 2018, the smart cities possess the potential to become a major global development sector in Asia Pacific. The region is equipped with the advanced technologies, urban needs, and government support, which are essentially required in the rapid development of smart cities in the market. APAC smart lock market is segmented into India, China, Japan and RoAPAC. China holds the highest market share in the APAC smart lock market. India is expected to be the fastest growing region in APAC smart lock market.
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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
Asia-Pacific Smart Locks Market by Communication Protocol
- Bluetooth
- Wi-Fi
- Others
Asia-Pacific Smart Locks Market by Application
- Residential
- Government
- Commercial
Asia-Pacific Smart Locks Market by Type
- PadLocks
- Lever Handles
- Deadbolts
- Others
Regional Analysis
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
Company Profiles
- Assay Abloy AB
- Be-Tech Asia LTD.
- DAHUA TECHNOLOGY CO LTD.
- Dormakaba Holdings AG
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Panasonic Corp.
- SAMSUNG ELECTRONICS CO.LTD
- Schlage
- Shenzhen Vians Electric Lock Co., Ltd.
- Unikey Technologies Inc.
The Report Covers
- Comprehensive research methodology of the Asia-Pacific 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 Asia-Pacific Smart Locks market.
- Insights about market determinants which are stimulating the Asia-Pacific 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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