Global Smart Lock Market Growth 2025-2031

The global Smart Lock market size is predicted to grow from US$ 5603 million in 2025 to US$ 6459 million in 2031; it is expected to grow at a CAGR of 2.4% from 2025 to 2031.

Smart door locks are widely available, and allow users to open & close a door without keys. Smart door locks can provide people with a high level of safety that is not provided by typical locks and alarms.

Global key smart lock manufacturers include ASSA ABLOY, Allegion, Dormakaba Group, and others. The top three producers together account for more than 25% of the market share, with the largest producer being ASSA ABLOY at 16%. The global origins are mainly distributed in North America, Europe, China, Japan, Korea, Australia. In terms of product categories, electronic cipher locks have the largest market share with 40%, followed by remote locks with 29%. In terms of applications, household holds more market share with 78%, while commercial has a smaller share.

LP Information, Inc. (LPI) ' newest research report, the “Smart Lock Industry Forecast” looks at past sales and reviews total world Smart Lock sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart Lock sales for 2025 through 2031. With Smart Lock sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Lock industry.

This Insight Report provides a comprehensive analysis of the global Smart Lock landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Lock portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Lock market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Lock and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Lock.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Lock market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Electronic Cipher Locks
Fingerprint Locks
Remote Locks
Others

Segmentation by Application:
Household
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ASSA ABLOY
Allegion
Dormakaba Group
Kaadas
LOOCK
Spectrum Brands
Samsung
MIWA Lock
Master Lock
Dessmann
Guangdong Yinghua Intelligent
Guangdong Be-Tech
Honeywell
SALTO
ORVIBO
Nello
Jiangmen Keyu Intelligence
Locstar
Tenon
Guangdong Level Intelligent Lock
ALPHA Corporation
GOAL

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Lock market?

What factors are driving Smart Lock market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart Lock market opportunities vary by end market size?

How does Smart Lock break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.