The global smart lock market size was valued at $1.2 billion in 2019 and is to grow at an annual average of 18% from 2022 to 2028. The spread of smart home security devices worldwide. Increasing consumer awareness of the benefits of advanced security solutions is expected to have a positive impact on product sales. In addition, as the number of smartphone users around the world increases, the deployment of smart locks has increased over the past few years due to advantages such as convenience and easy user interface.
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Company Profile
- Dormakaba Holding AG (Switzerland)
- Spectrum Brands Holdings
- (U.S.)
- Salto Systems S.L. (Spain)
- Onity Inc. (U.S.)
- Cansec Systems Ltd. (Canada)
Market Segmentation
By Lock Type
- Deadbolts
- Lever Handles
- Padlocks
- Other Locks (Knob locks, rim/mortise locks and rim cylinders, and rim latch locks)
By Communication Protocol
- Bluetooth
- Wi-Fi
- Other Protocols (Zigbee, Z-Wave, Thread, and NFC, among others)
By Vertical:
- Commercial
- Residential
- Institution & Government
Scope of the Report
The research study analyzes the global Smart Lock industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Smart Lock Market is available at: https://www.orionmarketreports.com/smart-lock-market/24199/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Smart Lock Market Report
1. What was the Smart Lock Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Smart Lock Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Smart Lock Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Smart Lock market.
- The market share of the global Smart Lock market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Smart Lock market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Smart Lock market.
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(This release has been published on Global Market Post.
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