Smart Locks Market — Industry Trends and Forecast to 2024

Market-Research

Smart locks - the lock technology consisting of locks that can be operated with the help of unconventional means such as remote control and provide the user with alerts and tracking data about who entered or left the locked premise, are increasing emerging as promising alternatives to conventional locks.

The market has expanded at a promising pace in the past few years, in tandem with the development of mobile computing devices and telecommunication networks. The rising focus and investments into smart city infrastructure have also increased massively aided overall development of the global smart locks market.

The Smart Locks market has been segmented on the basis of product type, unlocking mechanism and application. Based on product type, the market has been further classified into deadbolt type and lever/Knob type. On the basis of unlocking mechanism, the market has been divided into keypad, touch screen, touch to open, app based and hybrid/integrated. By application, the market is further classified into government, commercial, industrial and residential.

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Geographically, the report classifies the global Smart Locks market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation.

Furthermore, region wise prominent countries covered in the report include the following - the U.S, Canada, Germany, France, the U.K., China, India, Japan, Australia, UAE, Saudi Arabia, Brazil and Argentina.