Dublin, July 21, 2020 (GLOBE NEWSWIRE) -- The "Smart Locks Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; Communication Technology; Application" report has been added to ResearchAndMarkets.com's offering.
The increasing trend and implementation of the Internet of Things (IoT), and growing concern related to security and privacy are boosting the adoption of smart home security devices across the world. The escalating consumer awareness regarding the advantages of the advanced security solutions is anticipated to positively influence the product sales worldwide. Moreover, an upsurge in the number of smartphone users worldwide is further boosting the deployment of smart locks, owing to enhanced benefits such as easy user interface and convenience to the users.
he ever increasing awareness related to secure home solutions, the constant development of smart devices such as smartphones, rising disposable income of consumers, and booming internet services are some of the major factors driving the growth of the smart locks market. The smart locks offer comfort in their usage along with the integration of communication technology such as Bluetooth, Wi-Fi, and NFC. At present, the usage of smartphones has become an integral part of routine across emerging economies, as large number of users are acquiring these smart devices to ease their daily routines.This factor is further contributing to the growth of the smart locks market at a significant pace. A steady growth in the adoption of portable security devices, a rise in security threats, and the development of smart cities are some of the other factors driving the growth of smart locks market.
The US is one of the prominent revenue generators in the global smart locks market, as the regional population is progressively getting aware of the connected ecosystem. Moreover, the rising disposable income is making the pay a premium for luxury, comfort, and convenience. The presence of low entry barriers such as advanced technologies is inspiring the small scale vendors to focus on the development of their products and provide enhanced solutions to the consumers. The rising construction activities and infrastructural development majorly across North America and Asia Pacific are expected to create numerous opportunities for the smart lock providers during the forecast period. The adoption of trending technologies in these regions is generating enormous opportunities for IoT security providers to integrate their solutions into smart lock devices for enhanced home security.
The global smart locks market is segmented on the basis of type, communication technology, and application. Based on type, the market is segmented into padlocks, deadbolts, lever handle, and others. Based on communication technology, the market is segmented intoWi-Fi, Bluetooth, NFC, and Others. Based on applications, the market is segmented intoresidential, commercial, and industrial.
Amadas, Inc., HAVENLock, Honeywell International Inc., August Home, SAMSUNG, Vivint, Inc., Wyze Labs, Inc., U-tec Group Inc., Schlage, and GANTNER Electronic GmbH are some of the key players operating in the global smart locks market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart locks market
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- The key findings and recommendations highlight crucial progressive industry trends in the global smart locks market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Smart Locks Market - By Type
1.3.2 Smart Locks Market - By Communication Technology
1.3.3 Smart Locks Market - By Application
1.3.4 Smart Locks Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Smart Locks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Fiera and CCC keys as future technology
5. Smart Locks Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Smartphone
5.1.2 Rising Demand for Home Automation
5.2 Market Restraints
5.2.1 Lack of Awareness Among Customers
5.3 Market Opportunities
5.3.1 Growing Adoption of IoT in Security Systems
5.4 Future Trends
5.4.1 Voice-Controlled Technology Integration in Smart Locks for Enhanced Capabilities
5.5 Impact Analysis of Drivers and Restraints
6. Smart Locks Market - Global Analysis
6.1 Smart Locks Market Global Overview
6.2 Smart Locks Market - Revenue and Forecast to 2027 (US$ Billion)
6.3 Market Positioning - Global Key Players
7. Smart Locks Market Analysis - By Component
7.1 Overview
7.2 Smart Locks Market Breakdown, by Component, 2019 & 2027
7.3 Padlocks
7.3.1 Overview
7.3.2 Padlocks: Smart Locks Market -Revenue and Forecast to 2027 (US$ Million)
7.4 Deadbolts
7.4.1 Overview
7.4.2 Deadbolts: Smart Locks Market - Revenue and Forecast to 2027 (US$ Million)
7.5 Lever Handle
7.5.1 Overview
7.5.2 Lever Handle: Smart Locks Market - Revenue and Forecast to 2027 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Smart Locks Market - Revenue and Forecast to 2027 (US$ Million)
8. Smart Locks Market Analysis - By Communication Technology
8.1 Overview
8.2 Smart Locks Market Breakdown, by Communication Technology, 2019 & 2027
8.3 Wi-Fi
8.3.1 Overview
8.3.2 Wi-Fi : Smart Locks Market -Revenue and Forecast to 2027 (US$ Million)
8.4 Bluetooth
8.4.1 Overview
8.4.2 Bluetooth: Smart Locks Market -Revenue and Forecast to 2027 (US$ Million)
8.5 NFC
8.5.1 Overview
8.5.2 NFC: Smart Locks Market - Revenue and Forecast to 2027 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Smart Locks Market -Revenue and Forecast to 2027 (US$ Million)
9. Smart Locks Market Analysis - By Application
9.1 Overview
9.2 Smart Locks Market Breakdown, by Application, 2019 & 2027
9.3 Residential
9.3.1 Overview
9.3.2 Residential: Smart Locks Market -Revenue and Forecast to 2027 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: SMART LOCKS Market -Revenue and Forecast to 2027 (US$ Million)
9.5 Industrial
9.5.1 Overview
9.5.2 Industrial: Smart Locks Market -Revenue and Forecast to 2027 (US$ Million)
10. Smart Locks Market - Geographic Analysis
10.1 Overview
10.2 North America: Smart Locks Market
10.3 Europe: Smart Locks Market
10.4 APAC: Smart Locks Market
10.5 MEA: Smart Locks Market
10.6 SAM: Smart Locks Market
11. Impact of COVID-19 Pandemic on Smart Locks Market
11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East and Africa
11.6 South America
12. Global Smart Locks Market-Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 AMADAS Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 HavenLock, Inc.
13.3 Honeywell International Inc.
13.4 August Home
13.5 Samsung
13.6 Vivint Smart Home, Inc.
13.7 Wyze Labs, Inc.
13.8 U-tec Group Inc.
13.9 Schlage
13.10 GANTNER Electronic GmbH
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