Smart Door Locks Market to Witness Massive Growth
HTF Market Intelligence published a new research publication on “Smart Door Locks Market Insights, to 2029″ with 100+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Smart Door Locks market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
ASSA ABLOY [Sweden], Samsung [South Korea], Allegion [Ireland], Kwikset [United States], MIWA Lock [Japan], Master Lock [United States], Guangdong Be-Tech [China], Adel [China], August Home Inc [United States], Honeywell [United States]
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According to HTF Market Intelligence, the Global Smart Door Locks market to witness a CAGR of 12.9% during forecast period of 2023-2029. The market is segmented by Application (Household, Commercial, Others) by Type (Deadbolt, Lever Handles, Padlock) by Product (Electronic Cipher Locks, Fingerprint Locks, Remote Locks, Bio-metric Based Smart Locks, Face Recognition Door Locks, Magnetic Strip Door Locks, Palm Recognition Door Locks, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Smart Door Locks market size is estimated to increase by USD at a CAGR of 12.9% from 2023 to 2029.
Scope of the Report of Smart Door Locks
Smart door locks are automatic key-less locks that are installed on the doors and they are operated by various applications through smartphone. These locks provide real time information about individual’s access and can be operated by Wi-Fi, Bluetooth, bio-metric and electromagnetic sensors. Owing to growing number of smart homes and smart city projects, the demand for smart door locks are expected to exhibit sound growth during foretasted period.
The titled segments and sub-section of the market are illuminated below:
Application (Household, Commercial, Others) by Type (Deadbolt, Lever Handles, Padlock) by Product (Electronic Cipher Locks, Fingerprint Locks, Remote Locks, Bio-metric Based Smart Locks, Face Recognition Door Locks, Magnetic Strip Door Locks, Palm Recognition Door Locks, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Market Trends:
- Rising Adoption in Non-Residential Application
- Finger Print Locks are in Demand Owing to Their Reliability
Market Drivers:
- Rising Urban Population
- Growing Digitization and Smartphone Penetration
- Rise in Construction of Smart Apartment
Market Opportunities:
- Growth in Commercial and Hospitality Sector
- People Inclination Towards Smart Home Solutions in Emerging Countries
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Points Covered in Table of Content of Global Smart Door Locks Market:
Chapter 01 – Smart Door Locks Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Smart Door Locks Market – Pricing Analysis
Chapter 05 – Global Smart Door Locks Market Background
Chapter 06 — Global Smart Door Locks Market Segmentation
Chapter 07 – Key and Emerging Countries Analysis in Global Smart Door Locks Market
Chapter 08 – Global Smart Door Locks Market Structure Analysis
Chapter 09 – Global Smart Door Locks Market Competitive Analysis
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Smart Door Locks Market Research Methodology
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