Global Smart Lock Market Trends

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Global Smart Lock Market Size, Share, and Trends Analysis Report Trends

  • FMCG
  • Upcoming Report
  • Oct 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
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“Integration with Smart Home Ecosystems”

A key trend propelling the growth of the smart lock market is integration with smart home ecosystems. Smart locks are increasingly compatible with home automation systems such as Google Home, Amazon Alexa, and Apple HomeKit. This allows users to control their locks remotely via voice commands or smartphone apps, enhancing convenience and security. For instance, in December 2023, SALTO Systems unveiled the DBolt Touch deadbolt, revolutionizing mechanical deadbolt locks in the multifamily residential market. This innovative smart locking solution meets the needs of residents, operators, and access managers, ensuring enhanced security and functionality. The DBolt Touch integrates advanced technology, allowing for seamless upgrades and providing a robust solution for multifamily housing, ultimately enhancing both convenience and security.

Frequently Asked Questions

The market is segmented based on Segmentation, By Type (Deadbolt, Lever Handles, Padlock, Server Locks and Latches, Knob Locks, and Others), Communication Protocol (Bluetooth, Wi-Fi, Z-Wave, Zigbee, and Others), Unlocking Mechanism (Keypad, Card Key, Touch Based, Key Fob, and Smartphone Based), Application (Commercial, Residential, Industrial, Government Institution, and Others) – Industry Trends and Forecast to 2031 .
The Global Smart Lock Market size was valued at USD 4.10 USD Billion in 2023.
The Global Smart Lock Market is projected to grow at a CAGR of 20.1% during the forecast period of 2024 to 2031.
The major players operating in the market include ASSA ABLOY, Allegion plc, dormakaba Group, Spectrum Brands Holdings , Salto Systems S.L.,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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