Market Share of Smart Home Access Control Industry
The smart home access control market is fragmented and comprises global and regional players striving for a larger share in a fiercely contested space. Despite the high barriers to entry, several new entrants have successfully made a mark in the market. Some of the notable players in the industry include Suprema Inc., Johnson Controls, Ajax Systems, Bosch Security System Inc., Honeywell International Inc., and others. Companies are making significant strategic decisions to increase their market presence.
April 2024: Resideo Technologies announced a USD 1.4 billion acquisition of a US smart home technology company. Resideo will merge Snap One into its ADI Global Distribution arm as part of the deal. This strategic move aims to bolster offerings for integrators, combining a wider array of third-party products with in-house solutions. The enhanced product lineup will be accessible through an expansive physical branch network complemented by robust digital tools.
September 2023: Guardian Access Solutions was acquired by CenterOak Partners, marking a transition into Guardian’s next phase of growth under CenterOak, which will support the company through continued investments in organic and inorganic growth initiatives as Guardian expands its leading presence in the access control industry throughout the Southeast and nationally.
Smart Home Access Control Market Leaders
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Suprema Inc.
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Bosch Security Systems
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Ajax Systems
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Honeywell International Inc.
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Tyco International Plc (Johnson Controls
*Disclaimer: Major Players sorted in no particular order
