The US Smart Lock is anticipated to grow at a CAGR 10.4% during the forecast period. The US smart lock market has a significant potential growth due to adoption of smart homes and increasing safety concerns coupled with increasing crime rates. According to the World Bank, United States is the largest economy in the World. The GDP of US was estimated to be about $18.5 trillion in the year 2016. The well-established economy of the country laid the ground for growth of the smart locks market.
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The major key market players that are contributing in the growth of the market in this market include Kwikset Corp, Onity Inc, Candy House Inc., Schlage and among others. These companies are contributing in the market by introducing new products and development of the new technologies. For instance, in May 2018, schlage announced an enhancement to its Internet of Things (IoT) portfolio: compatibility with Google Home for the critically-acclaimed Schlage Sense Smart Deadbolt. In May 2018, the company announced compatibility with Amazon Alexa voice unlocking for the critically-acclaimed Schlage Sense Smart Deadbolt and Schlage Connect Touch screen Deadbolt.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
The US Smart Lock Market by Communication Protocol
- Bluetooth
- Wi-Fi
- Others
The US Smart Lock Market by Application
- Residential
- Government
- Commercial
The US Smart Lock Market by Type
- Padlocks
- Lever Handles
- Deadbolts
- Others
Company Profiles
- August Smart lock
- Candy House Inc.
- Cansec Systems Ltd.
- HavenLock Inc.
- Kwikset Corp.
- Master locks Co.
- MIWA Lock Co., Ltd.
- Onity Inc.
- Schlage
- Sentrilock LLC
- Spectrum Brands Holdings, Inc.
- UniKey Technologies
The Report Covers
- Comprehensive research methodology of the US Smart Lock market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US Smart Lock market.
- Insights about market determinants which are stimulating the US Smart Lock market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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