How big is the Smart Home Access Control Market?

The Smart Home Access Control Market size is expected to reach USD 2.43 billion in 2024 and grow at a CAGR of 8.5% to reach USD 3.65 billion by 2029. Read More

What is the current Smart Home Access Control Market size?

In 2024, the Smart Home Access Control Market size is expected to reach USD 2.43 billion. Read More

Who are the key players in Smart Home Access Control Market?

Suprema Inc., Bosch Security Systems, Ajax Systems, Honeywell International Inc. and Tyco International Plc (Johnson Controls are the major companies operating in the Smart Home Access Control Market. Read More

Which is the fastest growing region in Smart Home Access Control Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Home Access Control Market?

In 2024, the North America accounts for the largest market share in Smart Home Access Control Market. Read More

What years does this Smart Home Access Control Market cover, and what was the market size in 2023?

In 2023, the Smart Home Access Control Market size was estimated at USD 2.22 billion. The report covers the Smart Home Access Control Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Home Access Control Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Home Access Control Market Size & Share Analysis - Industry Research Report

Smart Home Access Control Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Smart Home Access Control Market Report is Segmented by Type (Card Reader and Access Control Devices (Card-Based, Proximity, and Smart Card (Contact and Contactless)), Biometric Readers, Electronic Locks, Software, and Other Types) and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Segments.

Smart Home Access Control Industry Overview

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.