In Global Smart Door Lock Market Fingerprint Enabled Locks to Garner Highest Market Demand by 2021: says Research Nester

Global smart door locks market is anticipated to expand at a significant compound annual growth rate (CAGR) of 30.80% over the forecast period i.e. 2015-2021.

Smart home devices are considered as the most evolutionary technological innovation for the residential and commercial places owing to their convenient, secure and sustainable features. The rapid technological environment has inclined the global population towards the smart door locks as compared to the mechanical door. With the continuous advancement in technology, smart door locks enable the users to wirelessly control deadbolts as well as program up to nineteen separate security codes that can be used to unlock the door.

Emergence of Internet of Things (IOT) and integrated connectivity as well as access to smart locks through smartphones, growth in the implementation of advanced technology such as Near-field communication, low power Bluetooth coupled with the enhanced technology to unlock doors is expected to drive the smart door locks market growth over the forecast period.

Regionally, Global smart door locks market has been studied on North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. On the basis of the region, North America is expected to dominate the market over the forecast period i.e. 2015-2021. The developed infrastructure and increased awareness among the consumers regarding the adoption of advanced technology is expected to boost the smart door locks market in the region.

Global smart door locks market is segmented on the basis of biometric data inputs, by keypad locks, by end-use industry and by region. Based on the biometric data inputs, the market is further segmented on the basis of fingerprint recognition, iris recognition, palm recognition, signature recognition, face and voice recognition. With 75.47 % market share, fingerprint recognition held the largest segment in 2015, followed by iris recognition. Fingerprint recognition is expected to witness the hike of 2.5 percentage points over the forecast period.

The report titled “Global Smart Door Locks Market Outlook 2021” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.

This report also studies existing competitive scenario of some of the key players of smart door locks market which includes profiling of Panasonic Inc., August, Yale, Schlage, Samsung, Kwikset, Dessmann, Lociktron and Sentrilock.  The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Smart Door Locks Market Outlook 2021”, analyses the overall smart door locks industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in smart door locks market in near future. 

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