Dublin, Sept. 04, 2020 (GLOBE NEWSWIRE) -- The "North America Smart Locks Market to 2027- COVID-19 Impact and Analysis by Type (Padlocks, Deadbolt, Lever Handle, Others), Communication Technology (Wi-Fi, Bluetooth, NFC, Others), Application (Residential, Commercial, Industrial), and Country" report has been added to ResearchAndMarkets.com's offering.
The North America Smart Locks market was valued at US$ 529.7 million in 2019 and is projected to reach US$ 1,282.5 million by 2027; it is expected to grow at a CAGR of 11.9% from 2020 to 2027. Gantner Electronic GmbH, Schlage, and Wyze Labs Inc. are among the key players serving the Smart Locks market in North America.
A steady growth in the adoption of portable security devices, a rise in security threats, and the development of smart cities are some of the other factors driving the smart locks market. Nevertheless, the high cost of devices, misplace of smartphones, and fear of privacy intrusion are expected to hinder the market growth. Additionally, the emerging popularity of smart technology is projected to offer new opportunities for the smart locks manufacturers during the forecast period.
With the rising trend of autonomous vehicle across the globe, the demand for innovative and smart locks for the cars is increasing. The manufacturers are focusing on the development and integration of digital keys for the cars by adopting the ultra-wideband (UWB) technology. The combination of ultra-wideband technology in the smart keys offers better precision, security, and real-time localization proficiencies unsurpassed by other wireless technologies that include Bluetooth, Wi-Fi, and GPS.
Key Topics Covered
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Smart Locks Market - By Type
1.3.2 Smart Locks Market - By Communication Technology
1.3.3 Smart Locks Market - By Application
1.3.4 Smart Locks Market - By Country
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Smart Locks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 FiRa and CCC keys as future technology
5. Smart Locks Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Usage of Smartphone
5.1.2 Increase in Usefulness for Home Automation
5.2 Market Restraints
5.2.1 Lack of Awareness of Smart Locks
5.3 Market Opportunities
5.3.1 Rise in Adoption of IoT in Security Systems
5.4 Future Trends
5.4.1 Voice-Controlled Technology Combination in Smart Locks for Enhanced Capabilities
5.5 Impact Analysis of Drivers and Restraints
6. Smart Locks Market - North America Analysis
6.1 Smart Locks Market - Revenue and Forecast to 2027 (US$ Billion)
7. Smart Locks Market Analysis - By Component
7.2 Smart Locks Market Breakdown, by Component, 2019 & 2027
7.5 Lever Handle
8. Smart Locks Market Analysis - By Communication Technology
8.2 Smart Locks Market Breakdown, by Communication Technology, 2019 & 2027
9. Smart Locks Market Analysis - By Application
9.2 Smart Locks Market Breakdown, by Application, 2019 & 2027
10. Smart Locks Market - Country Analysis
11. Impact of COVID-19 Pandemic on Smart Locks Market
11.2 North America
12. North America Smart Locks Market - Industry Landscape
12.1 Market Initiatives
12.2 Mergers and Acquisitions
12.3 New Developments
13. Company Profiles
13.1 HavenLock, Inc.
13.2 Honeywell International Inc.
13.3 August Home
13.5 Vivint Smart Home, Inc.
13.6 Wyze Labs, Inc.
13.7 U-tec Group Inc.
13.9 GANTNER Electronic GmbH
For more information about this report visit https://www.researchandmarkets.com/r/k6oxvn
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