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Smart Lock Market by Data Type (Padlock, Deadbolt, Lever Handles), By Application (Bluetooth, Wi-Fi, Others) and By Vertical Industry (Residential Commercial, Industrial, Institution & Government) - Global trend Analysis and Industry Forecast, 2018-2023.

 Semiconductors and Electronics

Report Overview

GLOBAL SMART LOCK MARKET was valued at USD 1.24 Billion in the year 2017. Global Smart Lock Market is further estimated to grow at a CAGR of 11.97% from 2017 to reach USD 2.45 Billion by the year 2023. North America region holds the highest market share in 2017 and Asia Pacific market is considered as the fastest growing market in the forecasted period. At country level China, Japan and India are projected to grow strongly in the coming years.

Honeywell International Inc. (U.S), Panasonic Corporation (Japan), August Home (U.S), Friday Smart Lock (London), Onity Inc. (U.S), Gantner Electronic GmbH (Austria), Dorma+Kaba Holding AG (Switzerland), Salto Systems S.L. (Spain), Cansec Systems Ltd. (Canada), Master Lock Company LLC (U.S), Haven Lock, Inc. (U.S), Shenzhen Vians Electric Lock Co., Ltd. (China), are some of the top players in the Global Smart Lock market. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.


             Increasing adoption of Smartphone and other connecting devices.


             Initial Cost is high


             Implementing IoT Technology


             Risk for Cyber-attacks

The Global Smart Lock Market is segmented by application, by type, by vertical industry, and by region. Along with it, the major shares of the market comes from the vertical industry segment, Residential Sector in Global Smart Lock Market. On the other hand, by application, Wi-Fi sector for this market is expected to grow at highest CAGR during the year 2018-2023.

Key Benefits for Stakeholders

Smart Lock Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Application




By Type



Lever Handles

Other Locks

By Vertical Industry




Institution & Government

By Region

North America




Key Market Players

Honeywell International Inc.

Panasonic Corporation

August Home

Friday Smart Lock

Onity, Inc.

Gantner Electronic GmbH

Dorma+Kaba Holding AG

(A brief overview of another 13 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

    Key Data from Secondary Research

       2.1.2. Primary Research

    Key Data from Primary Research

    Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottoms-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Smart Lock Market, By Application

6.1. Bluetooth

6.2. Wi-Fi

6.3. Others

7. Smart Lock Market, By Type

7.1. Padlock

7.2. Deadbolt                

7.3. Lever Handles

7.4. Other Locks

8. Smart Lock Market, By Vertical Industry    

8.1. Residential

8.2. Commercial

8.3. Industrial

8.4. Institution & Government

9. Geographical Analysis

9.1. Introduction

9.2. North America

       9.2.1. U.S.

       9.2.2. Canada

       9.2.3. Mexico

9.3. Europe

       9.3.1. U.K.

       9.3.2. Germany

       9.3.3. Russia

       9.3.4. RoE

9.4. Asia Pacific

       9.4.1. South Korea

       9.4.2. China

       9.4.3. Japan

       9.4.4. RoAPAC

9.5. RoW

       9.5.1. Latin America

       9.5.2. Middle East and Africa

10. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

10.1. Honeywell International Inc.

10.2. Panasonic Corporation

10.3. August Home

10.4. Friday Smart Lock

10.5. Onity, Inc.

10.6. Gantner Electronic GmbH

10.7. Dorma+Kaba Holding AG

10.8. Salto Systems S.L.

10.9. Cansec Systems Ltd.

(A brief overview of another 13 companies is also provided) 

11. Competitive Analysis

11.1. Introduction

11.2. Market Positioning of Key Players

11.3 Competitive Strategies Adopted by Leading Players

        11.3.1. Investments & Expansions

        11.3.2. New Product Launches

        11.3.3. Mergers & Acquisitions

        11.3.4. Agreements, Joint Ventures, and Partnerships

12. Appendix

12.1. Questionnaire

12.2. Available Customizations 

12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)


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