The UK Smart Lock is anticipated to grow at a CAGR 10.2% during the forecast period. The factor such as Increasing crime rates, high burglaries rate, investment of the government in security and surveillance of public places and government infrastructure will surge the adoption of advanced security systems such as smart locks. Thus, propels the growth of the UK smart lock market during the forecast period. The country has well developed infrastructure having about 460 airports, 16,000 km of railways lines, 400 thousand km of roadways and more than 620 km of waterways for commercial purpose. Furthermore, the Europe is home to many major smart lock manufacturing companies such as Assa Abloy (Global Technologies), Bosch Security Systems, Allegion PLC and many more.

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Nowadays, smart locks are often integrated with the software that enables the operation of smart locks through mobile phones. These portable electronic smart devices are in reach to everyone making it easier to keep track on the property while away from them. According to International Telecommunication Union, mobile cellular subscriptions have grown to 79.1 million in 2017 from 78.6 million. The rise in the mobile phones subscriptions in the UK will support the adoption of the smart locks.

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Smart locks have seen quite good adoption in the market owing to their various advantages over conventional locks. Primary reason being their connection with the smartphones and other electronic devices that alerts the owner of the property regarding the impending adverse activity and thus, ensures safety of the property. The major market players active in the UK smart locks market includes ASSAY ABLOY, August Smart lock, Yale Locks, Nuki Home Solutions GmbH, ZKTeco Co., Ltd., Master Lock Co. LLC, Samsung Electronics Co., Ltd. and GANTNER ELECTRONIC GMBH.

Market Segmentation

UK  Smart Locks Market by Communication Protocol

• Bluetooth
• Wi-Fi
• Others

UK  Smart Locks Market by Application

• Residential
• Government
• Commercial

UK  Smart Locks Market by Type

• PadLocks
• Lever Handles
• Deadbolts
• Others

Company Profiles

• ASSAY ABLOY
• August Smart lock
• GANTNER ELECTRONIC GMBH
• Master Lock Co. LLC
• Nuki Home Solutions GmbH
• Samsung Electronics Co., Ltd.
• Yale Locks
• ZKTeco Co., Ltd.

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