DUBLIN--(BUSINESS WIRE)--The "Europe Smart Locks Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Padlocks, Deadbolt, Lever Handle, Others), Communication Technology (Wi-Fi, Bluetooth, NFC, Others), Application (Residential, Commercial, Industrial), and Country" report has been added to ResearchAndMarkets.com's offering.
The Europe Smart Locks market was valued at US$ 401.9 million in 2019 and is projected to reach US$ 1208.7 million by 2027; it is expected to grow at a CAGR of 15.1% from 2020 to 2027.
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 smart locks market. Nevertheless, the high cost of devices, misplace of smartphones, and fear of privacy intrusion are expected to hinder the market growth. Additionally, the emerging popularity of smart technology is projected to offer new opportunities for the smart locks manufacturers during the forecast period.
With the rising trend of autonomous vehicle across the globe, the demand for innovative and smart locks for the cars is increasing. The manufacturers are focusing on the development and integration of digital keys for the cars by adopting the ultra-wideband (UWB) technology.
The combination of ultra-wideband technology in the smart keys offers better precision, security, and real-time localization proficiencies unsurpassed by other wireless technologies that include Bluetooth, Wi-Fi, and GPS.
Key Topics Covered:
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. Smart Locks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 FiRa and CCC keys as future technology
5. Smart Locks Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Positive Impact of Smartphone on Smart Locks
5.1.2 Increase in Demand for Home Automation
5.2 Market Restraints
5.2.1 Lack of Awareness in Underdeveloped and Developed Economies
5.3 Market Opportunities
5.3.1 Growing Adoption of IoT in Security Systems
5.4 Future Trends
5.4.1 Voice-Controlled Technology Combination in Smart Locks for Enhanced Capabilities
5.5 Impact Analysis of Drivers and Restraints
6. Smart Locks Market - Europe Analysis
6.1 Smart Locks Market Europe Overview
6.2 Smart Locks Market - Revenue and Forecast to 2027 (US$ Million)
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
7.5 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
8.3.1 Overview
8.3.2 Wi-Fi: Smart Locks Market -Revenue and Forecast to 2027 (US$ Million)
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
9.3.1 Overview
9.3.2 Residential: Smart Locks Market -Revenue and Forecast to 2027 (US$ Million)
9.4 Commercial
9.5 Industrial
10. Smart Locks Market - Country Analysis
11. Impact of COVID-19 Pandemic on Smart Locks Market
11.1 Overview
11.2 Europe
12. Europe Smart Locks Market-Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Key Facts
13.2 Business Description
13.3 Products and Services
13.4 Financial Overview
13.5 SWOT Analysis
13.6 Key Developments
- Havenlock Inc
- Honeywell International Inc
- August Home
- Wyze Labs, Inc.
- Samsung
- Honeywell International Inc.
- U-tech Group Inc
- Schlage
- Gantner Electronic GmbH
For more information about this report visit https://www.researchandmarkets.com/r/4j3hrp
