Smart door locks are widely available, and allow users to open & close a door without keys. Smart door locks can provide people with a high level of safety that is not provided by typical locks and alarms.

Market Analysis and Insights: Global Smart Door Lock Market

Due to the COVID-19 pandemic, the global Smart Door Lock market size is estimated to be worth US$ 5410 million in 2022 and is forecast to a readjusted size of US$ 22880 million by 2029 with a CAGR of 22.6% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Electronic Cipher Locks accounting for % of the Smart Door Lock global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Household segment is altered to an % CAGR throughout this forecast period.

Global Smart Door Lock key players include ASSA ABLOY, Allegion, Dormakaba Group, Spectrum Brands, etc. Global top four manufacturers hold a share over 15%.

Asia Pacific is the largest market, with a share over 70%, followed by Europe, and Americas, both have a share over 25 percent.

In terms of product, Electronic Cipher Locks is the largest segment, with a share about 50%. And in terms of application, the largest application is Household, followed by Commercial.

Global Smart Door Lock Scope and Market Size

The global Smart Door Lock market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Smart Door Lock market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Electronic Cipher Locks

Fingerprint Locks

Z-wave Locks

Wi-Fi Locks

Bluetooth Low Energy Locks

Other


Segment by Application


Household

Commercial

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


ASSA ABLOY

Allegion

Dormakaba Group

Spectrum Brands

Master Lock

MIWA Lock

Samsung

Sargent and Greenleaf

Dessmann

Guangdong Be-Tech

Honeywell

SALTO

Tenon

Locstar

nello

Jiangmen Keyu Intelligence

Adel

Guangdong Level Intelligent Lock