The Global Smart Lock Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.

The Global Smart Lock Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Smart Lock Market studies the market scenario to offer growth projections for the Smart Lock industry for the forecast period of 2020-2028.

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The global smart lock market size reached USD 2.92 Billion in 2020, and is expected to register a revenue CAGR of 15.0% during the forecast period. Market revenue growth is primarily driven by rising concerns among consumers regarding safety and security of property, valuables or personal items, and files etc. at home or in lockers and other related applications. Convenience, security, and connectivity offered by smart locks are key factors driving demand in recent years. Smart locks are IoT-enabled keyless entry devices that help the users to remotely access door locks through their smartphone. Increasing penetration of smartphones in developing countries is boosting demand for and deployment of smart locks. Smart locks utilize Wi-Fi, mobile apps, and popular voice assistants to lock and unlock doors at residences, grant temporary access to guests, and for sending alerts at times when the door is left open or unlocked. Increasing adoption of smart home and rising demand for connected devices are other key factors fueling demand for smart locks. A fully integrated home automation system helps in alerting the owners regarding any suspicious events and enables real-time monitoring of their homes.

Competitive Landscape:

The Smart Lock report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline. The report pays special heed to the emerging business components, niche sectors, and product launches and brand promotions occurring in the Smart Lock market to help the readers make fruitful investment strategies.

The major companies studied in the report are: 

Assa Abloy AB, Allegion plc, dormakaba Holding AG, Spectrum Brands Holdings, Inc., SALTO Systems, Onity Inc., Samsung SDS, Panasonic Corporation, The Master Lock Company, and Godrej Group

Our USPs

• Value chain and competitive matrix analysis
• Production and consumption trend analysis
• Regulatory compliance impacts on production process
• Alternative material sources and processes
• Customer Mapping Strategies
• Reduction in utilization rate of facilities
• Raw material procurement sources
• Devising alternative chemical routes for enhanced efficiency

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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the Smart Lock market. The fundamental objective of the report is to give an insight into the workings of the Smart Lock industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the Smart Lock market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.

Segments Covered in this report are:

• Lock Type Outlook (Revenue, USD Billion; 2018–2028)

  • Lever Handles
  • Deadbolts
  • Padlocks
  • Others

• Authentication Method Outlook (Revenue, USD Billion; 2018–2028)

  • Pin code
  • Biometric
  • RFID Cards  

• Communication Protocol Outlook (Revenue, USD Billion; 2018–2028)

  • Wi-Fi
  • Bluetooth
  • Others

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Regional Analysis:

The report further examines the Smart Lock market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The Smart Lock report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2028.

According to the regional analysis, the market is primarily spread over key geographical regions as follows:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The report addresses the following key points:

• The report estimates the expected Smart Lock market size from 2020-2028
• The report provides a forecast of market drivers, restraints, and future opportunities for the Smart Lock market.
• The report further analyses the changing Smart Lock market dynamics.
• Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the Smart Lock market growth.
• Extensive competitive landscape mapping with profiles of the key competitors.
• In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies.
• Revenue forecast, country scope, application insights, and product insights

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