Smart Lock Market Global Forecast by Type, Technology, Application, Regions, & Company Analysis
The smart lock is next-generation technology which is an innovation in the fluid phase. With the increasing construction of new age buildings, the smart lock is designed to remotely open the door using a mobile device to only authorized personnel. The smart lock’s future market looks optimistic with opportunities in the Residential, Hospitality, Enterprise, Critical Infra and Other areas. Due to increased security, safety purposes, and advanced features compared to traditional ones, the rising adoption of smart-phones and other connecting devices for locks is expected to drive the smart lock market. According to Renub Research, The Smart Lock Market will be to US$ 4.4 Billion by 2027.
Securities awareness regarding smart locks is preponderant among higher-income consumers in urban areas. The developed countries are the prominent sellers as the regional population is increasingly aware of the connected ecosystem in the global arena. The increasing number of new construction, renovation activities and securities concerned worldwide are presumed to garner immense market potential in upcoming years.
COVID-19 has affected the global smart lock market by production, and thus, its supply chain distribution has been affected, and its manufacturers have lost their revenues. The key players in this industry are continuously looking for innovation and cloud-based locking management solutions, machine learning (ML), owing to innovative locking/unlocking mechanisms through smartphones and tablets. In August 2020, Level Home introduced Level Touch, a sleek, smart lock. Kwikset introduced Halo Touch Wi-Fi Smart Lock in June 2020.
The report titled “Smart Lock Market Global Forecast by Type (Deadbolts, Padlocks, Lever handles, and others), Technology (Bluetooth, and Wi-fi), Application (Residential, Hospitality, Enterprise, Critical Infra and Others), Regions (North America, Europe, Asia-Pacific and Rest of World), Company Analysis (Allegion Plc, Assa Abloy AB, Midea Group, Samsung)” provides an all-encompassing analysis on the Global Smart Lock Industry.
Types 1. Deadbolts 2. Padlocks 3. Lever handles 4. Others
The soil fertility testing market was valued at US$ 4,355.51 million in 2020 and is projected to reach US$ 5,891.06 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028. Soil fertility testing helps determine the growth potential of soil, indicating inadequacies of nutrients, potential toxicity caused by excessive...
The public spaces of a city – such as streets, squares and transportation hubs – have become more and more crowded and congested by traffic. Meanwhile, safety concerns are also heightened as the risk for criminal activities, traffic accidents and even terrorist attacks grows larger. Improvements in the management of the public spaces of...
Street Lighting Companies are revising their long-term strategies to emerge stronger in the post-COVID pandemic scenario. After facing series of challenges such as supply chain disruption, demand fluctuations, other pressing concerns during 2020, companies are revising their strategies through modifying the composition of product portfolios,...
- The Indonesian real estate market is expected to register a CAGR of 17.63% during the forecast period. The demand for the housing market is expected to be driven by Indonesia’s favorable demographic composition, increasing urbanization, rising per capita income of people, and a significant young population, in the country, emerging as first-time...
175 pages •
By The Business Research Company
• May 2021
Major players in the earthmoving market are Hyundai Heavy Industries Co. Ltd, J.C. Bamford Excavators Limited, AB Volvo, Doosan Infracore Co. Ltd, SANY America, Liebherr Group, Hitachi Construction Machinery Co. Ltd, Caterpillar Inc, and Komatsu. The global earthmoving market is expected to grow from $82.75 billion in 2020 to $92.82...
Parking Management Market - Revenue, Trends, Growth Opportunities, Competition, COVID Strategies, Regional Analysis and Future outlook to 2030 (by products, applications, end cases) Parking Management Market Overview Parking Management Market Research Report - is comprehensive research with in-depth data...
The Global Thermoplastic Polyurethane Market was estimated at USD 2,326.46 million in 2020 and the market is projected to register a CAGR of more than 6.5% during the forecast period (2021-2026). The market witnessed a slight decline in early 2020, owing to the COVID-19 outbreak, which led to lockdown and delay in the construction of...
The global landscaping tools market was valued at USD 27.96 billion in 2020 and is projected to reach USD 37.10 billion by 2026, registering a CAGR of 5% during the forecast period (2021-2026). Owing to the Covid-19, landscaping tools manufacturers faced challenges, such as supply chain disruptions and shortage of labor, which have...
Digitization is the bedrock of new technology and services expansion, new mobility solutions, and smart applications in city management.Its purview extends across a city’s digital performance and digital strategy.
In terms of digital performance, this measures how a city fares in terms of smartphone penetration, 4G coverage and speed,...
Business Process Outsourcing
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.