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Global Smart Lock Market 2018-2022

Global Smart Lock Market 2018-2022

About Smart Lock

Smart lock is an electromechanical lock which can be controlled remotely by authorized electronic devices such as smartphones, wearables and tablets. The smart locks can be connected with a smartphone via Bluetooth, Wi-Fi and Zigbee networks. Smart locks can be integrated with new or existing traditional locks. The users can also receive alerts regarding actionable security risks or other key events.

Technavio’s analysts forecast the global smart lock market to grow at a CAGR of 14.87% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart lock market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of smart lock by various end users including residential and others.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Smart Lock Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Allegion
  • APX Group
  • ASSA ABLOY
  • SALTO Systems
  • Spectrum Brands
Market driver
  • Easy installation of smart locks in existing door locks
  • For a full, detailed list, view our report
Market challenge
  • High cost of smart locks
  • For a full, detailed list, view our report
Market trend
  • All-in-one smart locks
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global IoT devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global smart lock market – Market size and forecast 2017-2022 ($ mn)
      • Table Comparative analysis of smart locks offered by different vendors
      • Table Global smart lock market – Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user – Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Residential – Market size and forecast 2017-2022
      • Table Residential – Market size and forecast 2017-2022 ($ mn)
      • Table Residential – Year-over-year growth 2018-2022 (%)
    • Others – Market size and forecast 2017-2022
      • Table Others – Market size and forecast 2017-2022 ($ mn)
      • Table Others – Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global – Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 ($ mn)
      • Table Americas – Year-over-year growth 2018-2022 (%)
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 ($ mn)
      • Table EMEA – Year-over-year growth 2018-2022 (%)
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 ($ mn)
      • Table APAC – Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Smart locks and their compatibility
      • Table ASP of popular smart lock available in the market
  • Market trends
    • Collaborations between smart lock manufacturers and delivery service companies
    • Growing demand for smart doorbells integrated with smart locks
    • All-in-one smart locks
    • Increase in M&A
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Allegion
      • Table Allegion: Overview
      • Table Allegion – Organizational developments
      • Table Allegion – Geographic focus
      • Table Allegion – Key offerings
    • APX Group
      • Table APX Group: Overview
      • Table APX Group – Business segments
      • Table APX Group – Organizational developments
      • Table APX Group – Geographic focus
      • Table APX Group – Key offerings
    • ASSA ABLOY
      • Table ASSA ABLOY: Overview
      • Table ASSA ABLOY – Segmentation by product group
      • Table ASSA ABLOY – Organizational developments
      • Table ASSA ABLOY – Geographic focus
      • Table ASSA ABLOY – Segmentation by product group
      • Table ASSA ABLOY – Key offerings
    • SALTO Systems
      • Table SALTO Systems: Overview
      • Table SALTO Systems – Organizational developments
      • Table SALTO Systems – Key offerings
    • Spectrum Brands
      • Table Spectrum Brands: Overview
      • Table Spectrum Brands – Business segments
      • Table Spectrum Brands – Organizational developments
      • Table Spectrum Brands – Geographic focus
      • Table Spectrum Brands – Segment focus
      • Table Spectrum Brands – Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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