Global Smart Locks Strategic Markets Report 2023-2030: Growing Clout of Industry 4.0 Creates New Value for Smart Locks as Vital Cyber-Physical Devices that Secure the Digital Era

DUBLIN, Feb. 27, 2023 /PRNewswire/ -- The "Smart Locks: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Smart Locks Market to Reach $6.4 Billion by 2030

The global market for Smart Locks estimated at US$2.2 Billion in the year 2022, is projected to reach a revised size of US$6.4 Billion by 2030, growing at a CAGR of 14.3% over the analysis period 2022-2030.

Deadbolts, one of the segments analyzed in the report, is projected to record a 14.8% CAGR and reach US$3.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lever Handles segment is readjusted to a revised 14.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $658.2 Million, While China is Forecast to Grow at 16.2% CAGR

The Smart Locks market in the U.S. is estimated at US$658.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 7.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Consumer IoT Provides the Foundation for the Growth of Smart Locks in the Residential Sector
• Smart Homes Emerge as a Disruptive Trend Enhancing Lives of Homeowners & Also Creating New Market Opportunities for Smart Security Technologies & Solutions
• Industrial IoT & Smart Factory Also Push Up the Need for Smart Locks in the Industrial Sector
• Growing Clout of Industry 4.0 Creates New Value for Smart Locks as Vital Cyber-Physical Devices that Secure the Digital Era
• Smart Locks - Global Key Competitors Percentage Market Share in 2022 (E)

FOCUS ON SELECT PLAYERS

• ADEL Group (Hong Kong)
• Allegion Plc (Ireland)
• Anviz Global (China)
• ASSA ABLOY AB (Sweden)
• August Home, Inc. (USA)
• Avent Security (China)
• Cansec Systems Ltd. (Canada)
• Danalock International ApS (Denmark)
• DESSMANN Schliessanlagen GmbH (Germany)
• Dahua Technology Co., Ltd. (China)
• dormakaba Holding AG (Switzerland)
• Gantner Electronic GmbH (Austria)
• Gate Labs Inc. (USA)
• Haven Lock, Inc. (USA)
• Master Lock Company LLC (USA)
• MIWA Lock Co. (Japan)
• Onity, Inc. (USA)
• Salto Systems S.L (Spain)
• Samsung SDS (Korea)
• SentriLock, LLC. (USA)
• Shenzhen Vians Electric Lock Co.,Ltd. (China)
• Spectrum Brands Holdings, Inc. (USA)
• UniKey Technologies Inc. (USA)
• Vivint, Inc. (USA)

MARKET TRENDS & DRIVERS

• Rising Security & Safety Concerns Drives Demand for Locks
• Burglaries by Point of Entry, Method of Entry, and Location: Ranked in Order of Occurrence
• Implementation of Anti-Burglary Good Practices Spur the Need for Smart Lock Solutions
• Rising Demand for Biometric-based Smart Locks
• Select Popular Biometric Door Locks
• Smart Cards and Locks Replace Keys and Magnetic Stripe Cards in the Industrial Sector
• Minimizing Touch Points and Lowering the Risk of Spreading of Germs: Key Driver for Smart Lock in Healthcare Setups
• Technology Improvements Remain Critical for Sustained Market Growth
• Wi-Fi & Bluetooth Emerge as Attractive Technologies for Smart Lock
• Wi-Fi vs Bluetooth vs Z-Wave vs ZigBee
• Narrowband Internet of Things (NB-IoT) Smart Lock Grow in Popularity
• AI Makes a Huge Impact on Access Control Connectivity Functions & Capability
• Concerns Over Smart Lock Security Breach: The Red Hot Issue

For more information about this report visit https://www.researchandmarkets.com/r/fx9ziw-locks?w=5

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