Smart Locks Market Is Estimated to Reach USD 6.1 Billion by 2026 | Industry Players: Cansec System, Haven, Schlage, Yale, Weiser Lock and Others

Smart Locks Market Is Estimated to Reach USD 6.1 Billion by 2026 | Industry Players: Cansec System, Haven, Schlage, Yale, Weiser Lock and Others

“Polaris Market Research”
The new published report by Polaris Market Research, the global Smart Locks Market is anticipated to reach USD 6.1 billion by 2026 and growing at a CAGR of 33.2% during the forecast period.

According to a new report published by Polaris Market Research the global smart locks market is anticipated to reach USD 6.1 billion by 2026. The report ‘Smart Locks Market [By Product Outlook (Lever Handle, Padlock, Deadbolt, Others); By End-Use Outlook (Home, Commercial, Hospitality, Government, Others), By Regions]: Market Size & Forecast, 2017 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

Request A Sample Report At:
https://www.polarismarketresearch.com/industry-analysis/smart-locks-market/request-for-sample

Increasing adoption of smart homes in both developed and developing economies and growing need for more secured locking mechanism, has pushed the market for smart locks. There has been a significant growth in the adoption of smartphones and other handheld devices which act as an interface to control these locks. Smart locks allow its users to connect through smart phones, with the help of advance connectivity technology such as Near Field Communication (NFC), Bluetooth, ZigBee/Z-Wave. There is also a considerable increase in the compact IoT gadgets or connected gadgets adoption. All these factors are foreseen to drive the market over the forecast period.

Deadbolts are estimated to have a large market share followed by padlocks and lever handles. The growth for these products is anticipated to continue owing to different advance features such as touch screens, usage of biometrics, and remote access of these locks using smartphones. Major companies are constantly investing in the R&D capabilities for smart locks, thus enabling them to integrate new features and technological advancements. This is helping them to increase the adoption of smart locks in the market.

Get Full Research Summary on Global Smart Locks Market Analysis Available At:
https://www.polarismarketresearch.com/industry-analysis/smart-locks-market

The adoption of smart locks is largely seen in the home and residential segment due to growing smart homes across the globe. Increasing awareness about technology and increased spending capacity of the individuals are another factors which are driving the market growth in this segment. Adoption is also largely seen in the hospitality vertical. Hotels and resorts have multiple rooms which requires limited and restricted access to the authorized persons and guests. Smart locks can be configured according to these requirements, thus allowing secured stay for the hotel customers. The access can be controlled remotely by the hotel staff and the locks with a password can be reconfigured every time for the new guest, thus increasing safety and security. Enterprises and government organizations, on the other hand, are expected to have a large market share after home and hospitality segment.

Key Findings from the study suggest products accessible in the market are much competitive and manufacturers are progressively concentrating on advancements to pick up an aggressive edge. Companies are in a stage of development of new items in order to guarantee simple implementation and connection with the current mechanical door locks. The hospitality segment is anticipated to grow at a high growth rate over the forecast period with the expanding utilization of smart locks inferable from expanding security-related worries among clients amid their stay at the hotels. North America is presumed to dominate the global smart locks market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

Request for Discount Pricing With Your Specific Research Needs At:
https://www.polarismarketresearch.com/industry-analysis/smart-locks-market/request-for-discount-pricing

Polaris Market Research has segmented the global Smart Locks market on the basis of Product, End-use and region:

Smart Locks product Outlook (Revenue, USD Billion, 2017 – 2026)

  • Lever Handle
  • Padlock
  • Deadlock
  • Others

 

Smart Locks End-use Outlook (Revenue, USD Billion, 2017 – 2026)

  • Home
  • Commercial
  • Hospitality
  • Government
  • Others

 

Smart Locks Regional Outlook (Revenue, USD Billion, 2017 – 2026)

  • North America
    • U.S.
    • Canada

 

  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Belgium
    • Russia
    • Netherlands
    • Rest of Europe

 

  • Asia-Pacific
    • China
    • India
    • Japan
    • Korea
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

 

  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM

 

  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Leading Key Players of Smart Locks Market

  • Cansec System
  • Haven
  • Schlage
  • Yale
  • Weiser Lock
  • SDS
  • Mul-T-Lock
  • Aventsecurity
  • Kwikset
  • Okidokeys

 

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

For More Information: https://www.polarismarketresearch.com

Media Contact
Company Name: Polaris Market Research and Consulting
Contact Person: Mr.Rohit
Email: Send Email
Phone: +1-646-568-9980
Address:30 Wall Street 8th Floor New York City, NY 10005 United States
City: New York
State: New York 10005
Country: United States
Website: https://www.polarismarketresearch.com/industry-analysis/smart-locks-market