Global Smart Lock Market 2020-2024

Global Smart Lock Market 2020-2024

Technavio has been monitoring the smart lock market and it is poised to grow by $ 770.77 mn during 2020-2024 progressing at a CAGR of 9% during the forecast period. Our reports on smart lock market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by developments in connectivity technologies and the growing ecosystem of IoT devices. In addition, developments in connectivity technologies is anticipated to boost the growth of the market as well.

The smart lock market analysis includes end-user segment and geographical landscapes.

Technavio's smart lock market is segmented as below:

By End-user

  • Residential
  • Others
By Geographical Landscapess
  • APAC
  • North America
  • Europe
  • MEA
  • South America
This study identifies the integration of advanced technologies in smart locks as one of the prime reasons driving the smart lock market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our smart lock market covers the following areas:
  • Smart lock market sizing
  • Smart lock market forecast
  • Smart lock market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart lock market vendors that include Allegion Plc, ASSA ABLOY AB, dormakaba Holding AG, Honeywell International Inc., Napco Security Technologies Inc., Salto Systems SL, Samsung Electronics Co. Ltd., Spectrum Brands Holdings Inc., Vivint Inc., and Yunding Network Technology (Beijing) Co. Ltd. Also, the smart lock market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Technology hardware, storage, and peripherals market
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • After-sales services
      • Support activities
      • Innovations
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
      • Table Global smart lock market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Impact of COVID-19 pandemic on global smart lock market
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • 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 2019
  • Market Segmentation by End-user
    • Market segments
      • Table End-user - Market share 2019-2024 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Residential - Market size and forecast 2019-2024
      • Table Residential - Market size and forecast 2019-2024 ($ million)
      • Table Global smart lock market by residential end-user 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Residential - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ million)
      • Table Global smart lock market by others end-user 2019-2024 ($ million), exclusive of COVID-19 impact
      • Commercial
      • Government
        • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table Smart lock market in APAC 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table Smart lock market in North America 2019-2024 ($ million), exclusive of COVID- 19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Smart lock market in Europe 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table Smart lock market in MEA 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table Smart lock market in South America 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Developments in connectivity technologies
      • Integration of HMI technologies in smart locks
      • Growing ecosystem of IoT devices
    • Market challenges
      • High cost of smart locks
      • Growing security and privacy concerns
      • Interoperability issues in smart locks
        • Table Impact of drivers and challenges
    • Market trends
      • Rising number of strategic partnerships and alliances
      • Raising funds for smart lock start-ups through crowdfunding platforms
      • Integration of advanced technologies in smart locks
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Allegion Plc
      • Table Allegion Plc - Overview
      • Table Allegion Plc - Business segments
      • Table Allegion Plc - Key news
      • Table Allegion Plc - Key offerings
      • Table Allegion Plc - Segment focus
    • ASSA ABLOY AB
      • Table ASSA ABLOY AB - Overview
      • Table ASSA ABLOY AB - Business segments
      • Table ASSA ABLOY AB - Key news
      • Table ASSA ABLOY AB - Key offerings
      • Table ASSA ABLOY AB - Segment focus
    • dormakaba Holding AG
      • Table dormakaba Holding AG - Overview
      • Table dormakaba Holding AG - Business segments
      • Table dormakaba Holding AG - Key news
      • Table dormakaba Holding AG - Key offerings
      • Table dormakaba Holding AG - Segment focus
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - key news
      • Table Honeywell International Inc. - Key offerings
      • Table Honeywell International Inc. - Segment focus
    • Napco Security Technologies Inc.
      • Table Napco Security Technologies Inc. - Overview
      • Table Napco Security Technologies Inc. - Business segments
      • Table Napco Security Technologies Inc. - key news
      • Table Napco Security Technologies Inc. - Key offerings
    • Salto Systems SL
      • Table Salto Systems SL - Overview
      • Table Salto Systems SL - Product and service
      • Table Salto Systems SL - key news
      • Table Salto Systems SL - Key offerings
    • Samsung Electronics Co. Ltd.
      • Table Samsung Electronics Co. Ltd. - Overview
      • Table Samsung Electronics Co. Ltd. - Business segments
      • Table Samsung Electronics Co. Ltd. - key news
      • Table Samsung Electronics Co. Ltd. - Key offerings
      • Table Samsung Electronics Co. Ltd. - Segment focus
    • Spectrum Brands Holdings Inc.
      • Table Spectrum Brands Holdings Inc. - Overview
      • Table Spectrum Brands Holdings Inc. - Business segments
      • Table Spectrum Brands Holdings Inc. - key news
      • Table Spectrum Brands Holdings Inc. - Key offerings
      • Table Spectrum Brands Holdings Inc. - Segment focus
    • Vivint Inc.
      • Table Vivint Inc. - Overview
      • Table Vivint Inc. - Business segments
      • Table Vivint Inc. - key news
      • Table Vivint Inc. - Key offerings
    • Yunding Network Technology (Beijing) Co. Ltd.
      • Table Yunding Network Technology (Beijing) Co. Ltd. - Overview
      • Table Yunding Network Technology (Beijing) Co. Ltd. - Product and service
      • Table Yunding Network Technology (Beijing) Co. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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