![]() RationalStat has segmented the smart door lock market based on products, types, connecting technology, application, distribution channel, and region. Some of the prominent players and suppliers operating and contributing significantly to the smart door lock market growth include August Home Inc., Avent Security, Cansec Systems Ltd, HavenLock Inc., Kwikset, MUL-T-LOCK TECHNOLOGIES LTD, Schlage, Zigbang Co Ltd, Sentrilock LLC, Smart Locking Logic Proprietary Limited, UniKey Technologies Inc, Yale Locks, Goji, Onity Inc, and Honeywell International Inc., among others. In October 2022, Kwikset (Spectrum Brands Holdings Inc.) introduced two new smart lock products: SmartCode 270 Touchpad Deadbolts and SmartCode 260 Keypad Deadbolts.In April 2023, ASSA ABLOY Group, a global leader in access solutions, completed a unique South African project to secure companies and residences around the world using its smart lock technology.Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players, some of the key developments in the smart door lock market include, Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Smart Locking Logic Proprietary LimitedĬompetition Analysis and Market Structure.Based on the Connecting Technology, the Wi-Fi segment is expected to dominate the market as the adoption of the 5G network expands and even companies are introducing technologies that can be connected to the Wi-Fi which makes them easily accessible and east to operate.Global Smart Door Lock Market: Segmental and Market Share Analysis Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. In addition, the long-term sector and products/services 10-year outlook and its implications on the smart door lock market. ![]() Market intelligence for the smart door lock market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030. According to a deep-dive market assessment by RationalStat, the smart door lock market has been analyzed on the basis of market segments, including product, types, connecting technology, application, distribution channel, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific).As AI and machine learning continue to progress, smart door locks’ capabilities are anticipated to evolve, increasing their attractiveness to consumers looking for modern and sophisticated home security solutions. These technologies provide improved security, convenience, personalization, and integration into larger smart home ecosystems. Behavioral analysis can assist in differentiating between regular and suspect activity, decreasing false alerts while maintaining a high level of security. This improves security by detecting unauthorized access attempts and alerting homeowners in real-time. AI and ML systems can detect abnormalities and potential security breaches by analyzing trends in user behavior and access history. Furthermore, the expanding consumer knowledge of the benefits and comfort provided by smart locks is responsible for the ever-increasing demand for them, particularly in the domains of housing and hospitality around the world.īecause of their intricacy and excellent efficiency, they have been deployed in a variety of sites to increase security. In the forecast period, the introduction of emerging technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML) is likely to drive the use of smart locks. Market Definition, Market Scope, and Report Overview 13, 2023 (GLOBE NEWSWIRE) - Global Smart Door Lock Market size is valued at US$ 2.1 billion in 2023 and is predicted to rise at a substantial CAGR of 17.5% during the forecast period of 20 according to RationalStat analysis. ![]()
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