Smart Lock Market is expected to grow at a CAGR of 18%, reaching nearly USD 7.54 Bn in 2030 says Maximize Market Research.

(IT-NEWSWIRE.COM, July 05, 2024 ) North America dominates the Smart Lock Market, driven by tech-savvy consumer base, robust smart home ecosystem, and awareness of home security solutions. Countries like US,Canada, Mexico are significant contributors. Google, Amazon, Apple, and Chinese vendors like Xiaomi, Baidu, Alibaba are contributing significantly to Global Smart Lock Market sales.

Notable developments:

(March 2023) HavenLock Inc. launched the Power G version of a smart locking system for schools and commercial purposes

(February 2023) Sentrilock, LLC partnered with the Chesapeake Bay and Rivers Association of REALTORS (CBRAR) to create a smart electronic lockbox solution marketplace.

(February 2023) KoreLock received an investment to support, with private equity firm Iron Gate Capital and Kozo Keikaku Engineering, Inc. involved.

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Smart Lock Market Segmentation

By Lock Type:

Deadbolt Locks

Lever Handles

PIN diode

Server locks & Latches

Knob Locks

By Communication Protocol:

Bluetooth

Wi-Fi

Z-Wave

Others

By Unlocking Mechanism:

Keypad

Card Key

Touch Based

Key Fob

Smartphone-Based

By Vertical:

Commercial

Residential

Institutional & Government

Industrial

Transportation & Logistic

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Smart Lock Market’s Key Players include

ASSA ABLOY

Allegion

dormakaba Group

Kaadas

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Maximize Market Research is leading Electronics research firm, has also published the following reports:

Personal Mobility Devices Market is expected to reach US$ 23.54 Bn. by 2030, at a CAGR of 6.8% during the forecast period.

Smart Headphone Market size was valued at US$ 12.69 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 20.8% through 2023 to 2029, reaching nearly US$ 47.65 Bn.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Smart Lock Market is expected to grow at a CAGR of 18%, reaching nearly USD 7.54 Bn in 2030 says Maximize Market Research.