The 2023-2028 World Outlook for Smart Locks

The 2023-2028 World Outlook for Smart Locks

This study covers the world outlook for smart locks across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers smart locks as defined by the North American Industrial Classification system or NAICS (pronounced "nakes").

The NAICS code for smart locks is 32541141. It is for this definition that aggregate latent demand estimates are derived. Smart locks is specifically defined as follows:

32541141 Botanical drugs, alkaloids drugs, other botanical drugs, naturally occurring vitamins, drugs of animal origin, and artificial mixtures of two or more medical or botanical substances

3254114111 Botanical drugs, alkaloids, including opium and nicotine

3254114121 Other botanical drugs, including glycosides and ginseng extract

3254114131 Naturally occurring vitamin C

3254114141 Naturally occurring vitamin E

3254114151 Medicinals and botanicals, all other medicinal and botanical products, in bulk, naturally occurring vitamins, other naturally occurring vitamins (from yeast, fish, liver, etc.)

3254114161 Medicinals and botanicals, all other medicinal and botanical products, in bulk, drugs of animal origin, including hormones, dried glands, organs, and tissues and extractions thereof

3254114171 Medicinals and botanicals, all other medicinal and botanical products, in bulk, artificial mixtures of two medicinal or botanical substances or more for therapeutic or prophylactic uses