Smart Lock Market on Track for 18.10% CAGR, Estimated to Reach USD 11.92 Billion By 2032


Smart Lock MarketSmart Lock Market

Smart Lock Market

๐“๐ก๐ž ๐ฌ๐ฆ๐š๐ซ๐ญ ๐ฅ๐จ๐œ๐ค ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ข๐ณ๐ž ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ ๐”๐’๐ƒ ๐Ÿ.๐Ÿ”๐Ÿ— ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘. ๐“๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐ญ๐จ ๐”๐’๐ƒ ๐Ÿ๐Ÿ.๐Ÿ—๐Ÿ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ž๐ฑ๐ก๐ข๐›๐ข๐ญ๐ข๐ง๐  ๐š ๐œ๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐š๐ง๐ง๐ฎ๐š๐ฅ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ซ๐š๐ญ๐ž (๐‚๐€๐†๐‘) ๐จ๐Ÿ ๐Ÿ๐Ÿ–.๐Ÿ๐ŸŽ% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:

Keyless smart locks with electronic features are able to connect with other household electronic devices through Wi-Fi or Bluetooth technology. Users have the option to use either a special electronic fob or the smart lock app on your phone to manage the locks. The person can send temporary keys to others, granting them access to the home for a specific time frame. Moreover, smart lock technology is notable for its ease of use and uniqueness in contrast to traditional practices.

๐‚๐ก๐ž๐œ๐ค ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ: https://www.polarismarketresearch.com/industry-analysis/smart-locks-market/request-for-sample

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

โ— Enhanced funding for smart cities and industrial initiatives will contribute to the growth of the market. The growing use of automation and connectivity in industries has resulted in a higher demand for advanced security solutions, prompting increased investments in technologies like smart locks.
โ— Key market leaders are dedicated to offering financially viable products and developing creative solutions, such as the ability to unlock and lock doors and windows remotely. Because voice assistants are becoming more common in households, manufacturers are incorporating voice-controlled locking features into their products.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Leading companies in the market prioritize strategic acquisitions to enhance their R&D capabilities and gain a competitive advantage, allowing them to provide users with innovative products. Here is the list of the leading companies operating in the smart lock market:

โ€ข August Home, Inc.
โ€ข Avent Security
โ€ข Cansec Systems Ltd.
โ€ข Goji
โ€ข HavenLock, Inc.
โ€ข Honeywell International Inc.
โ€ข Kwikset
โ€ข MUL-T-LOCK TECHNOLOGIES LTD.
โ€ข Onity Inc.
โ€ข Schlage
โ€ข Sentrilock, LLC
โ€ข Smart Locking Logic Proprietary Limited
โ€ข UniKey Technologies, Inc.
โ€ข Yale Lock
โ€ข Zigbang Co., Ltd.

๐Œ๐š๐ค๐ž ๐š๐ง ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.polarismarketresearch.com/industry-analysis/smart-locks-market/inquire-before-buying

๐’๐ฆ๐š๐ซ๐ญ ๐‹๐จ๐œ๐ค ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข The deadbolt segment accounted for the largest revenue share in the smart lock market. This can be attributed to the growing acceptance of the product across various industries and its easy-to-install nature. Key factors contributing to the surge in the deadbolt segment comprise cost-effective installation, outstanding durability, and reliable protection against intrusion. Moreover, businesses are actively expanding their array of products and services.

โ€ข The residential segment accounted for the highest market share. The substantial growth in revenue can be attributed to the increasing worldwide embrace of smart home technology, associated with a surge in both new construction initiatives and renovation projects. The growing accessibility of modern security solutions, such as motion detectors, door and window opening sensors, and remote door locking and unlocking, is anticipated to drive the growth of the market.

โ€ข North America dominated the largest market contributor in the smart lock market. The increase in demand for advanced security solutions, the growing popularity of smart homes, and the necessity for effective and seamless access management. Moreover, the surging requirement for secure access control solutions, coupled with the adoption of cutting-edge technologies like Bluetooth, NFC, and ZigBee in North America is more, and it is anticipated to drive the growth of the market.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The smart lock market is mainly segmented based on product, technology, authentication method, application, and region. Based on the product analysis, in 2022, the deadbolt segment held the largest income share in the market due to its easy installation process and increasing usage in multiple industries.

Moreover, according to the application analysis, in 2022, the residential segment held the largest market share. The rise in earnings can be attributed to the increasing demand for smart home technology and the growth in new construction and renovation endeavors.

๐’๐ฆ๐š๐ซ๐ญ ๐‹๐จ๐œ๐ค, ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โ€ข Deadbolt
โ€ข Lever Handle
โ€ข Padlock
โ€ข Others

๐’๐ฆ๐š๐ซ๐ญ ๐‹๐จ๐œ๐ค, ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โ€ข Bluetooth
โ€ข Wi-Fi
โ€ข Thread
โ€ข Zigbee
โ€ข Z-Wave
โ€ข Others

๐’๐ฆ๐š๐ซ๐ญ ๐‹๐จ๐œ๐ค, ๐€๐ฎ๐ญ๐ก๐ž๐ง๐ญ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐Œ๐ž๐ญ๐ก๐จ๐ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โ€ข Biometric
โ€ข Pin Code
โ€ข RFID Cards

๐’๐ฆ๐š๐ซ๐ญ ๐‹๐จ๐œ๐ค, ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โ€ข Hospitality
โ€ข Residential
โ€ข Government
โ€ข Commercial
โ€ข Others

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/smart-locks-market

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐๐Œ๐‘ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐š๐ ๐ž ๐Ÿ๐ซ๐จ๐ฆ ๐ƒ๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐ญ ๐๐ฎ๐›๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ:

Cyber Security Market: https://www.whatech.com/og/markets-research/it/887935-cyber-security-market-anticipates-exponential-growth-to-usd-504-46-billion-by-2030-with-a-9-7-cagr.html

Industrial IoT Market: https://www.whatech.com/og/markets-research/it/887948-industrial-iot-market-on-track-to-hit-usd-2-580-89-billion-by-2032-propelled-by-an-impressive-cagr-of-23-5.html

Master Data Management Market: https://www.whatech.com/og/markets-research/it/887346-master-data-management-market-soars-to-54-05-billion-usd-predicted-cagr-of-15-8-by-2030.html

Metaverse Market: https://www.whatech.com/og/markets-research/it/887367-metaverse-market-to-witness-impressive-40-5-cagr-set-to-reach-usd-1-780-35-billion-by-2032.html

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐ˆ๐ง๐œ:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMRโ€™s clientele spread across different enterprises. We at Polaris are obliged to serve PMRโ€™s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMRโ€™s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMRโ€™s customers.

This release was published on openPR.

About Web3Wire
Web3Wire โ€“ Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.



Source link