The US Smart Lock is anticipated to grow at a CAGR 10.4% during the forecast period. The US smart lock market has a significant potential growth due to adoption of smart homes and increasing safety concerns coupled with increasing crime rates. According to the World Bank, United States is the largest economy in the World. The GDP of US was estimated to be about $18.5 trillion in the year 2016. The well-established economy of the country laid the ground for growth of the smart locks market.
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The smart locks can be operated by the smartphone with the help of electronic key. Smartphone can be connected by the different technologies such as Bluetooth and Wi-Fi. Through application on smartphone the user can send and receive the electronic key on smartphone. The increasing smartphone penetration is contributing in the growth of the smart locks market in the US. The increasing crime rate is increasing the need of security and surveillance devices in the nation. The US is facing an increasing crime rate and in many of the nation’s largest cities saw increase in homicide, robbery and aggravated assault. The country is facing high violent crime rate, robbery and burglary rate.
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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
The US Smart Lock Market by Communication Protocol
- Bluetooth
- Wi-Fi
- Others
The US Smart Lock Market by Application
- Residential
- Government
- Commercial
The US Smart Lock Market by Type
- Padlocks
- Lever Handles
- Deadbolts
- Others
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 US 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 US Smart Lock market.
- Insights about market determinants which are stimulating the US 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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