How big is the Smart Lock Market?

The Smart Lock Market size is expected to reach USD 2.80 billion in 2024 and grow at a CAGR of 15.40% to reach USD 5.75 billion by 2029. Read More

What is the current Smart Lock Market size?

In 2024, the Smart Lock Market size is expected to reach USD 2.80 billion. Read More

Who are the key players in Smart Lock Market?

August Inc. (ASSA ABLOY AB), Allegion plc (Schlage), Salto Systems, S.L., U-TEC Group Inc. and Yale Locks & Hardware are the major companies operating in the Smart Lock Market. Read More

Which is the fastest growing region in Smart Lock 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 Lock Market?

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

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

In 2023, the Smart Lock Market size was estimated at USD 2.43 billion. The report covers the Smart Lock Market historical market size for years: 2022 and 2023. The report also forecasts the Smart Lock Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Lock Market Share

Statistics for the 2023 & 2024 Smart Lock market share, created by Mordor Intelligence™ Industry Reports. Smart Lock share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Smart Lock Industry

The Smart Lock Market is consolidated as it is still in its nascent stage with fewer adoptions across the globe. However, the market poses various growth opportunities to smart lock providers due to the increasing need for home and building security. Hence, the market players, such as August Inc., Yale Locks & Hardware, Allegion PLC, Salto Systems, S.L., and U-TEC Group Inc., are consistently innovating to provide innovative products in the market to gain maximum market traction in the forecast period.

February 2022 - AtiQx Holding B.V. has been fully acquired by Dormakaba, expanding its core business and services operations in the Netherlands. AtiQx is one of the leading suppliers of electronic access control and labor management in the relevant market.
April 2022 - On Wyze's website, Wyze Lock Bolt was officially released (wyze.com). The latest security technology from Lockin is used to create the new product. The third co-branding venture between the two businesses is Wyze Lock Bolt.