Global Smart Locks Market (2019 to 2027) - COVID-19 Impact and Global Analysis - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--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.

The 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 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.

Companies Mentioned

• Amadas Inc.
• August Home
• HavenLock, Inc.
• Honeywell International Inc.
• Samsung
• Vivint Smart Home, Inc.
• Wyze Labs, Inc.
• U-tec Group Inc.
• Schlage
• GANTNER Electronic GmbH
  

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
• Highlights key business priorities in order to assist companies to realign their business strategies
• 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

2. Key Takeaways

3. Research Methodology

4. Smart Locks Market Landscape

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

7.4 Deadbolts

7.5 Lever Handle

7.6 Others

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

8.4 Bluetooth

8.5 NFC

8.6 Others

9. Smart Locks Market Analysis - By Application

9.1 Overview

9.2 Smart Locks Market Breakdown, by Application, 2019 & 2027

9.3 Residential

9.4 Commercial

9.5 Industrial

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

For more information about this report visit https://www.researchandmarkets.com/r/jpu2ja