
Asia Pacific Smart Door Lock Market Forecast to 2028 -Regional Analysis by Product (Fingerprint Locks, Remote Locks, and Electronic Cipher Locks), Technology (Wi-Fi, Bluetooth, Z Wave, and Others), and End User (Commercial and Residential)
Description
Asia Pacific Smart Door Lock Market Forecast to 2028-Regional Analysis by Product (Fingerprint Locks, Remote Locks, and Electronic Cipher Locks), Technology (Wi-Fi, Bluetooth, Z Wave, and Others), and End User (Commercial and Residential)
The Asia Pacific smart door lock market is expected to grow from US$ 912.21 million in 2023 to US$ 2,196.82 million by 2028. It is estimated to grow at a CAGR of 19.2% from 2023 to 2028.
Technological Advancements in Smart Door Locks Drive Asia Pacific Smart Door Lock Market
Various market players are incorporating artificial intelligence (AI), machine learning (ML), and other similar technologies in their smart locks. AI- and ML-integrated door locks ensure better home security by keeping track of who opens and closes the doors. Further, these locks provide greater control over who can lock and unlock particular doors. They also allow users to automatically lock or unlock doors as they leave or approach their homes. The AI- or ML-integrated locks may also help recognize break-in or lock-tampering attempts. In December 2022, Viomi launched the Viomi AI Smart Door Lock Super 2E. This fully automatic smart door lock supports six unlocking methods: fingerprint, password, virtual password, temporary password, door card, and key. It features AI self-learning technology, which becomes more sensitive with use. In February 2023, Xiaomi introduced its new Xiaomi Smart Door Lock M20 series. This new model, Smart Guardian Can See, is equipped with an integrated peephole camera and a display screen that provide users with a comprehensive view of a front door in real time. In addition, the model is further incorporated with a doorbell function making it more convenient for users. Thus, the introduction of smart locks enabled with new technologies to enhance security will further fuel the growth of the Asia Pacific smart door lock market during the forecast period.
Asia Pacific Smart Door Lock Market Overview
The Asia Pacific smart door lock market in Asia Pacific is sub segmented into South Korea, India, China, Japan, Australia, and the Rest of Asia Pacific. The region includes developing economies such as India, China, Indonesia, and the Philippines. These countries are witnessing a gradual rise in the adoption of advanced technologies. Governments of various Asian countries are increasing their investments in smart city development projects. For instance, in the Union budget 2021–2022, India allocated US$ 868 million (INR 6,450 crore) under the Smart Cities Mission. Such government initiatives are likely to trigger the demand for smart door locks in this region. The growing dependency on the IoT in smart cities leads to a significant threat to security. Various countries and business organizations are collaborating to enhance their security capabilities to deal with these threats. The hospitality sector in Asian countries is witnessing a rapid revival from the repercussions of the COVID-19 pandemic. As a result, the market players are launching new products to cater to the rising demand for smart door lock systems in the hotel industry. For instance, in April 2023, Tuchware, one of the prominent manufacturers of electronic and RFID locks, launched the smart lock series XS along with dedicated hotel management services. The huge smartphone consumer base, along with the broad availability of internet in the developing economies of the region, particularly in Japan, India, and China, is primarily driving the adoption of the smart locks. The swift penetration of smartphones among people in Asia Pacific has further augmented the connectivity of objects, which mainly includes internet connection of home objects such as fans, door locks, and lights. Factors such as the instant growth of various technological advancements such as Bluetooth and Wi-Fi along with investment in various smart door locks are some of the significant factors driving the growth of the market in the region.
Asia Pacific Smart Door Lock Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Smart Door Lock Market Segmentation
The Asia Pacific smart door lock market is segmented into product, technology, end user, and country.
Based on product, the Asia Pacific smart door lock market is segmented into fingerprint locks, remote locks, and electronic cipher locks. In 2023, the electronic cipher locks segment registered a largest share in the Asia Pacific smart door lock market.
Based on technology, the Asia Pacific smart door lock market is segmented into wi-fi, Bluetooth, Z wave, and others. In 2023, Bluetooth segment registered a largest share in the Asia Pacific smart door lock market.
Based on end user, the Asia Pacific smart door lock market is bifurcated into commercial and residential. In 2023, the commercial segment registered a larger share in the Asia Pacific smart door lock market.
Based on country, the Asia Pacific smart door lock market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. In 2023, China segment registered a largest share in the Asia Pacific smart door lock market.
ADEL Marketing (M) Sdn Bhd; Allegion Plc; Assa Abloy AB; Guangdong Level Intelligent Lock Industrial Co Ltd; Honeywell International Inc; Locstar Technology Co Ltd; Master Lock Company LLC; MIWA LOCK Co Ltd; Spectrum Brands Holdings Inc; and Zigbang are the leading companies operating in the Asia Pacific smart door lock market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific smart door lock market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific smart door lock market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the smart door lock market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
135 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. Asia Pacific Smart Door Lock Market Landscape
- 4.1 Market Overview
- 4.2 Asia Pacific PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinions
- 5. Asia Pacific Smart Door Lock Market – Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Security Concerns and Reliable Features of Smart Locks
- 5.1.2 Rising Adoption of Smartphones
- 5.2 Market Restraints
- 5.2.1 High Cost of Smart Door Locks
- 5.3 Market Opportunities
- 5.3.1 Emergence of Smart Cities
- 5.4 Future Trends
- 5.4.1 Technological Advancements in Smart Door Locks
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Smart Door Lock Market –Asia Pacific Analysis
- 6.1 Asia Pacific Smart Door Lock Market Global Overview
- 6.2 Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 7. Asia Pacific Smart Door Lock Market Analysis – by Product
- 7.1 Overview
- 7.2 Asia Pacific Smart Door Lock Market, by Product (2022 and 2028)
- 7.3 Fingerprint locks
- 7.3.1 Overview
- 7.3.2 Fingerprint locks: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Remote locks
- 7.4.1 Overview
- 7.4.2 Remote locks: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 7.5 Electronic cipher locks
- 7.5.1 Overview
- 7.5.2 Electronic cipher locks: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 8. Asia Pacific Smart Door Lock Market Analysis – by Technology
- 8.1 Overview
- 8.2 Asia Pacific Smart Door Lock Market, by Technology (2022 and 2028)
- 8.3 Wi-Fi
- 8.3.1 Overview
- 8.3.2 Wi-Fi: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Bluetooth
- 8.4.1 Overview
- 8.4.2 Bluetooth: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 8.5 Z wave
- 8.5.1 Overview
- 8.5.2 Z wave: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 9. Asia Pacific Smart Door Lock Market Analysis – By End user
- 9.1 Overview
- 9.2 Asia Pacific Smart Door Lock Market Breakdown, by End user, 2022 & 2028
- 9.3 Commercial
- 9.3.1 Overview
- 9.3.2 Commercial: Asia Pacific Smart Door Lock Market Revenue and Forecast to 2028 (US$ Million)
- 9.4 Residential
- 9.4.1 Overview
- 9.4.2 Residential: Asia Pacific Smart Door Lock Market Revenue and Forecast to 2028 (US$ Million)
- 10. Asia Pacific Smart Door Lock Market – Country Analysis
- 10.1 Overview
- 10.1.1 Asia Pacific: Smart Door Lock Market, by Key Country
- 10.1.1.1 Australia: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.1.1 Australia: Smart Door Lock Market, by Product
- 10.1.1.1.2 Australia: Smart Door Lock Market, by Technology
- 10.1.1.1.3 Australia: Smart Door Lock Market, by End user
- 10.1.1.2 China: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.2.1 China: Smart Door Lock Market, by Product
- 10.1.1.2.2 China: Smart Door Lock Market, by Technology
- 10.1.1.2.3 China: Smart Door Lock Market, by End user
- 10.1.1.3 India: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.3.1 India: Smart Door Lock Market, by Product
- 10.1.1.3.2 India: Smart Door Lock Market, by Technology
- 10.1.1.3.3 India: Smart Door Lock Market, by End user
- 10.1.1.4 Japan: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.4.1 Japan: Smart Door Lock Market, by Product
- 10.1.1.4.2 Japan: Smart Door Lock Market, by Technology
- 10.1.1.4.2.1 Japan: Smart Door Lock Market, by End user
- 10.1.1.5 South Korea: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.5.1 South Korea: Smart Door Lock Market, by Product
- 10.1.1.5.2 South Korea: Smart Door Lock Market, by Technology
- 10.1.1.5.3 South Korea: Smart Door Lock Market, by End user
- 10.1.1.6 Rest of APAC: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.6.1 Rest of APAC: Smart Door Lock Market, by Product
- 10.1.1.6.2 Rest of APAC: Smart Door Lock Market, by Technology
- 10.1.1.6.3 Rest of APAC: Smart Door Lock Market, by End user
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Product Development
- 11.4 Mergers & Acquisitions
- 12. Company Profiles
- 12.1 ADEL Marketing (M) Sdn Bhd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Allegion Plc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Assa Abloy AB
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Guangdong Level Intelligent Lock Industrial Co Ltd
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Honeywell International Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Spectrum Brands Holdings Inc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Locstar Technology Co Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Master Lock Company LLC
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 MIWA LOCK Co Ltd
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Zigbang
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index
- LIST OF TABLES
- Table 1. Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Table 2. Asia Pacific: Smart Door Lock Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
- Table 3. Australia: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
- Table 4. Australia: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Australia: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
- Table 6. China: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
- Table 7. China: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
- Table 8. China: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
- Table 9. India: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
- Table 10. India: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
- Table 11. India: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
- Table 12. Japan: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
- Table 13. Japan: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
- Table 14. Japan: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
- Table 15. South Korea: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
- Table 16. South Korea: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
- Table 17. South Korea: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
- Table 18. Rest of APAC: Smart Door Lock Market, by Product– Revenue and Forecast to 2028 (US$ Million)
- Table 19. Rest of APAC: Smart Door Lock Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
- Table 20. Rest of APAC: Smart Door Lock Market, by End user – Revenue and Forecast to 2028 (US$ Million)
- Table 21. List of Abbreviation
- LIST OF FIGURES
- Figure 1. Asia Pacific Smart Door Lock Market Segmentation
- Figure 2. Asia Pacific Smart Door Lock Market Segmentation – by Country
- Figure 3. Asia Pacific Smart Door Lock Market Overview
- Figure 4. Asia Pacific Smart Door Lock Market, by Product
- Figure 5. Asia Pacific Smart Door Lock Market, by Technology
- Figure 6. Asia Pacific Smart Door Lock Market, by End user
- Figure 7. Asia Pacific Smart Door Lock Market, by Country
- Figure 8. Asia Pacific: PEST Analysis
- Figure 9. Asia Pacific Smart Door Lock Market – Ecosystem Analysis
- Figure 10. Expert Opinions
- Figure 11. Asia Pacific Smart Door Lock Market Impact Analysis of Drivers and Restraints
- Figure 12. Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Asia Pacific Smart Door Lock Market Revenue Share, by Product (2022 and 2028)
- Figure 14. Fingerprint locks: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 15. Remote locks: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Electronic cipher locks: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Asia Pacific Smart Door Lock Market Revenue Share, by Product (2022 and 2028)
- Figure 18. Wi-Fi: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Bluetooth: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Z wave: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Others: Asia Pacific Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Asia Pacific Smart Door Lock Market Breakdown, by End user (2022 and 2028)
- Figure 23. Commercial: Asia Pacific Smart Door Lock Market Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Residential: Asia Pacific Smart Door Lock Market Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Asia Pacific: Smart Door Lock Market, by Key Country - Revenue (2022) (US$ Million)
- Figure 26. Asia Pacific: Smart Door Lock Market Revenue Share, by Key Country (2022 & 2028)
- Figure 27. Australia: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 28. China: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 29. India: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 30. Japan: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 31. South Korea: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 32. Rest of APAC: Smart Door Lock Market – Revenue and Forecast to 2028 (US$ Million)
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