Global Smart Door Lock Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Smart Door Lock Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Smart Door Lock is different from the traditional mechanical lock on the basis of improvement, in the user security, identification, management more intelligent, convenient lock. Intelligent door lock is the executive part of door lock in access control system. Different from traditional mechanical lock, intelligent door lock is a compound lock with security, convenience and advanced technology.

Market Overview:

The latest research study on the global Smart Door Lock market finds that the global Smart Door Lock market reached a value of USD 4137.23 million in 2022. It’s expected that the market will achieve USD 7789.23 million by 2028, exhibiting a CAGR of 11.12% during the forecast period.

Market Opportunities

Most of the smart lock password, fingerprint, mobile phone and other ways of identification. With the increasingly mature and development of smart lock related technologies, face recognition, mobile phone unlock, iris unlock and Internet of things technologies have been born, the functions and applications of smart lock products will be more diversified, and will further promote the synchronous development and high integration of smart lock and smart home in the future. With the rapid development of e-commerce, people's purchase channels are also very diversified, which provides customers with a variety of purchase options. Continuous technological innovation will also promote better product upgrading.

Market Risk

With the development of smart locks, it has entered a rapid development stage. In the process of development, some problems of smart locks have also become obstacles to the market.

Power consumption is the main problem that puzzles the application of biometrics in embedded field, especially the bottleneck of face, iris and other technologies in a limited number of dry battery devices.

The problem of cost has been troubling the popularity of biometrics, such as fingerprint recognition technology. Now the original large-area fingerprint recognition sensor has been replaced by the small-area sensor to reduce the cost and seek breakthroughs in the algorithm.

Fake fingers, fake faces and other fake technologies have brought some troubles to biometrics, but with the progress of technology, there are some countermeasures now, which will be applied widely in the future.

Biometrics is a relatively new technology for ordinary people. Users often fail to adopt the correct posture when using this technology, especially when typing templates. In the future, software will have more prompt functions to help customers solve this problem.

Region Overview:

In 2022, the share of the Smart Door Lock market in Asia-Pacific stood at 67.12%.

Company Overview:

Assa Abloy AB is one of the major players operating in the Smart Door Lock market, holding a share of 16.56% in 2023.

Assa Abloy AB

Assa Abloy AB develops, designs, and manufactures a complete range of door opening solutions. The Company markets mechanical and electromechanical locking solutions, access control systems, identification technology, entrance automation, security doors, and hotel security.

MIWA Lock

Since 1945, MIWA Lock Company, Ltd. has grown to become Japan's foremost provider of high-performance locks and security systems. Today, our reputation for quality and reliability has made MIWA the choice of leading hotel chains around the world.

Segmentation Overview:

By type, Fingerprint Locks segment accounted for the largest share of market in 2022.

Electronic Cipher Locks

Electronic keyless access control locks use a code, card, fob, or similar method to allow keyless entry through a doorway. They do not require wiring to install. They help eliminate the risk of lost or stolen keys and the associated costs of rekeying traditional locksets.

Fingerprint Locks

Fingerprint locks are one of the more common types which are currently available. A fingerprint lock works by scanning your fingerprint to identify its unique structure.

Z-wave Locks

Z-wave locks can be operated wirelessly from a smartphone or with a key ring, tag, or card. Compared to traditional locks, z-wave locks can be controlled remotely by a person.

Wi-Fi Locks and Bluetooth Low Energy Locks

The smart lock can be unlocked using wireless connection methods such as WIFI or short-range communication methods such as WIFI or short-range communication methods such as Bluetooth and NFC with mobile phones.

Application Overview:

By application, the Household segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Smart Door Lock market covered in Chapter 3:

Fortune Brands
Samsung
Allegion
MIWA Lock
Spectrum Brands
Kinlong HBS
Guangdong Hutlon Technology
Dessmann
Assa Abloy AB
Keylock

In Chapter 4 and Chapter 14.2, on the basis of types, the Smart Door Lock market from 2018 to 2029 is primarily split into:

Electronic Cipher Locks
Fingerprint Locks
Z-wave Locks
Wi-Fi Locks
Bluetooth Low Energy Locks
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smart Door Lock market from 2018 to 2029 covers:

Household
Commercial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)