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Worldwide Smart Lock Industry to 2027 - Players Include Allegion and Assa Abloy

Research and Markets
·3-min read

Dublin, Jan. 21, 2021 (GLOBE NEWSWIRE) -- The "Smart Lock Market Global Forecast by Type, Technology, Application, Regions, & Company Analysis" report has been added to ResearchAndMarkets.com's offering.

This report provides an all-encompassing analysis on the Global Smart Lock Industry. According to the publisher, The Smart Lock Market will be to US$ 4.4 Billion by 2027.

The smart lock is next-generation technology which is an innovation in the fluid phase. With the increasing construction of new age buildings, the smart lock is designed to remotely open the door using a mobile device to only authorized personnel. The smart lock's future market looks optimistic with opportunities in the Residential, Hospitality, Enterprise, Critical Infra and Other areas. Due to increased security, safety purposes, and advanced features compared to traditional ones, the rising adoption of smart-phones and other connecting devices for locks is expected to drive the smart lock market.

Securities awareness regarding smart locks is preponderant among higher-income consumers in urban areas. The developed countries are the prominent sellers as the regional population is increasingly aware of the connected ecosystem in the global arena. The increasing number of new construction, renovation activities and securities concerned worldwide are presumed to garner immense market potential in upcoming years.

COVID-19 has affected the global smart lock market by production, and thus, its supply chain distribution has been affected, and its manufacturers have lost their revenues. The key players in this industry are continuously looking for innovation and cloud-based locking management solutions, machine learning (ML), owing to innovative locking/unlocking mechanisms through smartphones and tablets. In August 2020, Level Home introduced Level Touch, a sleek, smart lock. Kwikset introduced Halo Touch Wi-Fi Smart Lock in June 2020.

By Types

  1. Deadbolts

  2. Padlocks

  3. Lever handles

  4. Others

By Technology

  1. Bluetooth

  2. Wi-Fi

By Application

  1. Residential

  2. Hospitality

  3. Enterprise

  4. Critical Infra

  5. Others

By Regions

  1. North America

  2. Europe

  3. Asia-Pacific

  4. Rest of World

Key Topics Covered:

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Driver
4.2 Challenges

5. Global Smart Lock Market

6. Market Share - Global Smart Lock Market
6.1 By Type
6.2 By Technology
6.3 By Application
6.4 By Regions

7. Type - Global Smart Lock Market
7.1 Deadbolt
7.2 Lever Handles
7.3 Padlock
7.4 Others

8. Technology - Global Smart Lock market
8.1 Wi-Fi
8.2 Bluetooth

9. Application - Global Smart Lock market
9.1 Residential
9.2 Hospitality
9.3 Enterprise
9.4 Critical Infrastructures
9.5 Others

10. Regions - Global Smart Lock Market
10.1 North America
10.2 Europe
10.3 Asia - Pacific
10.4 ROW

11. Merger & Acquisitions

12. Company Analysis
12.1 Allegion Plc
12.1.1 Overview
12.1.2 Recent Developments
12.1.3 Sales
12.2 Assa Abloy AB
12.2.1 Overview
12.2.2 Recent Developments
12.2.3 Sales
12.3 Midea Group
12.3.1 Overview
12.3.2 Recent Developments
12.3.3 Sales
12.4 Samsung
12.4.1 Overview
12.4.2 Recent Developments
12.4.3 Sales

For more information about this report visit https://www.researchandmarkets.com/r/qx9xg6

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900