Smart Lock Market 2018 Global Trend, Segmentation and Opportunities Forecast To 2023

“Smart Lock”
Smart Lock Market 2018 analysis by type (Padlocks, Deadbolt & Lever Handles ) by Sub Products (Touch Screen, Motion Sensor, Keypads) and by Communication Protocols (Bluetooth, Wi-Fi & Other)

Smart Lock Industry


Wiseguyreports.Com Adds “Smart Lock -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database

Smart Lock Market is estimated at $0.97 billion in 2016 and is expected to reach $2.40 billion by 2023 growing at a CAGR of 13.7% from 2016 to 2023 Rising demand for dynamic unlocking mechanism is a primary factor fostering the market. Some of the key factors that drive the market growth include growing awareness regarding safe home solutions, stable growth in portable connected smart devices and rising demand for secure locks. However, threat from phones as its assistance being hacked and issues associated with high R&D costs are creating hurdles in the market growth. Moreover, home access and cloud based lock management solutions are likely to present considerable growth opportunities in this market.

A smart lock is an electromechanical lock which is designed to perform locking and unlocking operations on a door when it receives such instructions from an authorized device using a wireless protocol and a cryptographic key to execute the authorization process. It also monitors access and sends alerts for the different events it monitors and some other critical events related to the status of the device. Most of the smart locks are simple and are at-home installable devices that can fit over the thumb turn of a deadbolt contained on the inside portion of the door.

By application, hospitality segment commanded the largest market share due to growing security related threats among consumers during their stay at foreign locations. Due to the advancements in security tools such as remote door locking, window and door opening sensors the demand for smart locks is increasing from residential segment. Asia Pacific witnessed a substantial growth in the market attributed to rising commercial as well as residential infrastructure projects across countries such as China, India and Korea. North America is anticipated to emerge as a leading region during the forecast period. 

Some of the key players in global Smart Lock market include Cansec System, Weiser Lock, Avent Security, Yale Real Living, Sheorey Digital Systems Pvt. Ltd, AT&T Intellectual Property, Kwikset Company, Lowe’s Companies, Inc, Comcast Corp, Mul-T-Lock Company, Smart Locking Logic, Okidokeys, SentriLock, UniKey Technologies, Inc and Schlage.

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Lock Types Covered: 
• Padlocks 
• Deadbolt 
• Lever Handles 
• Other Lock Types

Sub Products Covered: 
• Touch Screen 
• Motion Sensor 
• Keypads 

End Users Covered: 
• Industrial 
• Residential 
• Commercial 
• Institution & Government 
• Critical Infrastructure 
• Enterprise

Communication Protocols Covered: 
• Bluetooth 
• Wi-Fi 
• Other Communication Protocols

Sub-Markets Covered: 
• Energy Security 
• Port Security 
• Casino Management 
• Physical Security 
• Data Center Security

Regions Covered: 
• North America 
• Asia Pacific 
• South America 
• Middle East & Africa 

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What our report offers: 
– Market share assessments for the regional and country level segments 
– Market share analysis of the top industry players 
– Strategic recommendations for the new entrants 
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets 
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) 
– Strategic recommendations in key business segments based on the market estimations 
– Competitive landscaping mapping the key common trends 
– Company profiling with detailed strategies, financials, and recent developments 
– Supply chain trends mapping the latest technological advancements


Table of Content

1 Executive Summary 

2 Preface 

3 Market Trend Analysis 

4 Porters Five Force Analysis 

5 Global Smart Lock Market, By Lock Type 

6 Global Smart Lock Market, By Sub Product 

7 Global Smart Lock Market, By End User 

8 Global Smart Lock Market, By Communication Protocol 

9 Global Smart Lock Market, By Sub-Market 

10 Global Smart Lock Market, By Geography 

11 Key Developments 

12 Company Profiling 
12.1 Cansec System 
12.2 Weiser Lock 
12.3 Avent Security 
12.4 Yale Real Living 
12.5 Sheorey Digital Systems Pvt. Ltd. 
12.6 AT&T Intellectual Property 
12.7 Kwikset Company 
12.8 Lowe’s Companies, Inc. 
12.9 Comcast Corp. 
12.10 Mul-T-Lock Company 
12.11 Smart Locking Logic 
12.12 Okidokeys 
12.13 SentriLock 
12.14 UniKey Technologies, Inc. 
12.15 Schlage 

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List of Tables 
Table 1 Global Smart Lock Market Outlook, By Region (2014-2023) (US $MN) 
Table 2 Global Smart Lock Market Outlook, By Lock Type (2014-2023) (US $MN) 
Table 3 Global Smart Lock Market Outlook, By Padlocks (2014-2023) (US $MN) 
Table 4 Global Smart Lock Market Outlook, By Deadbolt (2014-2023) (US $MN) 
Table 5 Global Smart Lock Market Outlook, By Lever Handles (2014-2023) (US $MN) 
Table 6 Global Smart Lock Market Outlook, By Other Lock Types (2014-2023) (US $MN) 
Table 7 Global Smart Lock Market Outlook, By Sub Product (2014-2023) (US $MN) 
Table 8 Global Smart Lock Market Outlook, By Touch Screen (2014-2023) (US $MN) 
Table 9 Global Smart Lock Market Outlook, By Motion Sensor (2014-2023) (US $MN) 
Table 10 Global Smart Lock Market Outlook, By Keypads (2014-2023) (US $MN) 
Table 11 Global Smart Lock Market Outlook, By End User (2014-2023) (US $MN) 
Table 12 Global Smart Lock Market Outlook, By Industrial (2014-2023) (US $MN)



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