North American Smart Lock is anticipated to grow at a CAGR 10.3% during the forecast period. The major factor that are augmenting the North American smart locks market include high penetration of smartphones and other connected devices and safety concern coupled with increasing crime rates. The major countries which will contribute in the market are US and Canada. North America is a continent were most of the countries are developed economy including US and Canada. According to the Centre for Digital Information (CDI) North America is the home of approximately 11% of the smartphone users across the globe.
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The total number of smartphone users in North America `is estimated to be 229 million in 2016, up from 189 million in 2014. It is further estimated to reach 272 million by the year 2020 as per CDI. US is estimated to be the major market of smartphones in North America. Smartphones acts as a gateway to large number of connected devices and increasing number of smartphones is estimated to augment the demand of smart locks. The North America smart lock market is segmented into the US and Canada. The US holds the highest market share in the North America smart lock market. Whereas, Canada holds significant market share in the North America 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
North American Smart Lock Market by Communication Protocol
- Bluetooth
- Wi-Fi
- Others
North American Smart Lock Market by Application
- Residential
- Government
- Commercial
North American Smart Lock Market by Type
- Padlocks
- Lever Handles
- Deadbolts
- Others
Regional Analysis
- North American
- United States
- Canada
Company Profiles
- August Smart lock
- Candy House Inc.
- Cansec Systems Ltd.
- HavenLock Inc.
- Kwikset Corp.
- Master locks Co.
- MIWA Lock Co., Ltd.
- Onity Inc.
- Schlage
- Sentrilock LLC
- Spectrum Brands Holdings, Inc.
- UniKey Technologies
The Report Covers
- Comprehensive research methodology of the North American Smart Lock 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 North American Smart Lock market.
- Insights about market determinants which are stimulating the North American Smart Lock market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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