The smart lock market has seen notable advancements driven by the rise of IoT and AI technologies. Latest methods, such as biometric recognition, use fingerprint and facial scanning for enhanced security and convenience, replacing traditional PIN codes. AI-powered smart locks now integrate with home automation systems, allowing users to control door access remotely via mobile apps. These locks also offer real-time alerts for unauthorized access, adding a crucial security layer.
Wi-Fi and Bluetooth connectivity are becoming increasingly popular for enabling remote locking/unlocking features, making the locks easier to operate from anywhere. In terms of growth, smart locks are witnessing significant adoption in the residential sector due to the rising demand for home security systems. Commercial and hospitality industries are also embracing them for efficient access control, boosting the market further.
The market is growing due to the surge in smart home ecosystems, especially in developed regions such as North America and Europe, where consumers are seeking advanced security solutions. This increasing reliance on smart technologies is projected to fuel the market's expansion in the coming years.
