Smart lock is the advanced locking system that is a combination of lock and electronic system that uses different types of accesses to activate the lock and unlock. There is high demand and requirement of smart lock in households and commercial space. There is high scope for the Smart Locks Market in various regions across the globe through 2021.
Topics Covered in this report:
Scope and Regional Forecast of the Smart Locks Market:
In the Smart Locks Market, companies are investing to manufacture more secure and advanced locking system that can be accessed through an app in mobile, a password, biometric data and others. There are different types of locks available in this market through 2021.
North America is one of the leading regions in the Smart Locks Market with growth in demand for these types of locks for smart homes in the IoT technology set up. The US is the major investor for this market through 2021. Asia Pacific and Europe are expected to witness fast growth in the Smart Locks Market with growing adoption of lock technology and increasing investment for development of this industry during 2016-2021.
The Smart Locks Market is a fast growing market with high demand for power door locks system for smart homes and other commercial and private spaces in various regions across the globe. This market is anticipated to have high growth owing to the increasing demand for smart locker applications such as wifi lock, door lock app and others to lock the door with advanced technology, growing production of deadbolt or auto lock systems for smart door applications by door lock manufacturers and huge scope for the smart lock technology with emerging IoT and smart homes in various regions across the globe through 2021.
Segmentation and Key Players of the Smart Locks Market:
The Smart Locks Market is segmented into various categories by type, by application and by geography as follows:
By type: Fingerprint Locks, Electronic Cipher Locks, Remote Locks and others
By application: Household, Commercial and others
By geography: North America, South America, Europe, Asia Pacific and ROW.
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Some of the key players in the Smart Locks Market are as follows:
- Kwikset (Spectrum Brands)
- MIWA Lock
- Master Lock (Fortune Brands)
Increasing demand for smart locking system and software for advanced homes and commercial spaces is anticipated in various regions across the globe through 2021.
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