Market Overview:
The global electronic smart door lock market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for security and safety solutions, rising adoption of smart devices, and growing awareness about the benefits of electronic smart door locks. The electronic cipher locks segment is expected to hold the largest share of the global electronic smart door lock market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period. The fingerprint locks segment is projected to grow at a CAGR of 12% during the forecast period.
Product Definition:
An electronic smart door lock is a device that uses electronics to unlock a door. This can be done with a keycard, key fob, or fingerprint scan. Electronic smart door locks are often used in businesses and schools to allow employees and students access without having to carry around traditional keys.
Electronic Cipher Locks:
Encryption is a procedure of converting plain text into unreadable text by using an algorithm. The encryption software makes use of a mathematical formula to convert the data into random numbers, which are then used to generate the encrypted message. In today's world where information is highly valued and sensitive, it has become essential to protect sensitive information such as financial data, customer lists and competitive strategies with encryption software so that no one else can read or misuse the information.
Fingerprint Locks:
Fingerprint locks are a type of biometric technology that uses the unique physical characteristics of human fingers to provide an additional security layer. The technology is used in electronic smart door lock systems for ensuring secured access to residential properties. It helps in providing high levels of security along with convenience and ease of use, which is further expected to drive market growth over the forecast period.
The global fingerprint locks.
Application Insights:
The residential segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to rising disposable income, especially in emerging economies such as China, India and Brazil. Furthermore, growing urbanization has created a need for smart door locks that offer enhanced security at homes. The commercial segment is also expected to witness considerable growth over the forecast period owing to increasing demand from government buildings and corporate offices. These locks provide an extra layer of security by enabling users lock/unlock doors remotely via smartphones or computers without having physical access to the door knob or handle.
The product finds application in various industries including healthcare & pharmaceuticals (fingerprint-based), hospitality (resort management).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well, owing to increasing penetration of smart devices and growing adoption of smart homes across U.S., Canada, and Mexico. Europe is also anticipated to witness significant growth over the next eight years due to rising demand for energy-efficient products along with government initiatives favoring IoT technology development in countries such as Germany, France, Italy, Spain among others.
Growth Factors:
- Increasing demand for smart homes and connected devices
- Rising security concerns among consumers
- Growing popularity of home automation and IoT technologies
- Proliferation of digital payments and increasing adoption of mobile wallets
- Emergence of new business models and growing investments in the sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Smart Door Lock Market Research Report
By Type
Electronic Cipher Locks, Fingerprint Locks, Z-wave Locks, Wi-Fi Locks, Bluetooth Low Energy Locks, Others
By Application
Residential, Commercial, Government
By Companies
Spectrum Brands, Master Lock, MIWA Lock, Samsung, August, Sargent and Greenleaf, Dessmann, Guangdong Be-Tech, Honeywell, SALTO, Tenon, Locstar, nello, Jiangmen Keyu Intelligence, Adel, Guangdong Level Intelligent Lock
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Smart Door Lock Market Report Segments:
The global Electronic Smart Door Lock market is segmented on the basis of:
Types
Electronic Cipher Locks, Fingerprint Locks, Z-wave Locks, Wi-Fi Locks, Bluetooth Low Energy Locks, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Government
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Spectrum Brands
- Master Lock
- MIWA Lock
- Samsung
- August
- Sargent and Greenleaf
- Dessmann
- Guangdong Be-Tech
- Honeywell
- SALTO
- Tenon
- Locstar
- nello
- Jiangmen Keyu Intelligence
- Adel
- Guangdong Level Intelligent Lock
Highlights of The Electronic Smart Door Lock Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electronic Cipher Locks
- Fingerprint Locks
- Z-wave Locks
- Wi-Fi Locks
- Bluetooth Low Energy Locks
- Others
- By Application:
- Residential
- Commercial
- Government
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Smart Door Lock Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electronic smart door lock is a type of security system that uses technology to allow people access to a building or room through a door, while preventing unauthorized entry. The system typically includes an RFID reader and transmitter, which are connected to the building's security system. When someone tries to open the door using an unauthorized key or code, the RFID reader will detect this and send a signal to the security system. The security system will then activate the locks on the door, preventing anyone from entering until they have entered valid credentials (such as a password).
Some of the major players in the electronic smart door lock market are Spectrum Brands, Master Lock, MIWA Lock, Samsung, August, Sargent and Greenleaf, Dessmann, Guangdong Be-Tech, Honeywell, SALTO, Tenon, Locstar, nello, Jiangmen Keyu Intelligence, Adel, Guangdong Level Intelligent Lock.
The electronic smart door lock market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Smart Door Lock Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Electronic Smart Door Lock Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Electronic Smart Door Lock Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Electronic Smart Door Lock Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Electronic Smart Door Lock Market Size & Forecast, 2018-2028 4.5.1 Electronic Smart Door Lock Market Size and Y-o-Y Growth 4.5.2 Electronic Smart Door Lock Market Absolute $ Opportunity
Chapter 5 Global Electronic Smart Door Lock Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electronic Smart Door Lock Market Size Forecast by Type
5.2.1 Electronic Cipher Locks
5.2.2 Fingerprint Locks
5.2.3 Z-wave Locks
5.2.4 Wi-Fi Locks
5.2.5 Bluetooth Low Energy Locks
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electronic Smart Door Lock Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electronic Smart Door Lock Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Government
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Smart Door Lock Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Smart Door Lock Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electronic Smart Door Lock Analysis and Forecast
9.1 Introduction
9.2 North America Electronic Smart Door Lock Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electronic Smart Door Lock Market Size Forecast by Type
9.6.1 Electronic Cipher Locks
9.6.2 Fingerprint Locks
9.6.3 Z-wave Locks
9.6.4 Wi-Fi Locks
9.6.5 Bluetooth Low Energy Locks
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electronic Smart Door Lock Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Government
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electronic Smart Door Lock Analysis and Forecast
10.1 Introduction
10.2 Europe Electronic Smart Door Lock Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electronic Smart Door Lock Market Size Forecast by Type
10.6.1 Electronic Cipher Locks
10.6.2 Fingerprint Locks
10.6.3 Z-wave Locks
10.6.4 Wi-Fi Locks
10.6.5 Bluetooth Low Energy Locks
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electronic Smart Door Lock Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Government
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electronic Smart Door Lock Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronic Smart Door Lock Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electronic Smart Door Lock Market Size Forecast by Type
11.6.1 Electronic Cipher Locks
11.6.2 Fingerprint Locks
11.6.3 Z-wave Locks
11.6.4 Wi-Fi Locks
11.6.5 Bluetooth Low Energy Locks
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electronic Smart Door Lock Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Government
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electronic Smart Door Lock Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronic Smart Door Lock Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electronic Smart Door Lock Market Size Forecast by Type
12.6.1 Electronic Cipher Locks
12.6.2 Fingerprint Locks
12.6.3 Z-wave Locks
12.6.4 Wi-Fi Locks
12.6.5 Bluetooth Low Energy Locks
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electronic Smart Door Lock Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Government
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electronic Smart Door Lock Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronic Smart Door Lock Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electronic Smart Door Lock Market Size Forecast by Type
13.6.1 Electronic Cipher Locks
13.6.2 Fingerprint Locks
13.6.3 Z-wave Locks
13.6.4 Wi-Fi Locks
13.6.5 Bluetooth Low Energy Locks
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electronic Smart Door Lock Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Government
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Smart Door Lock Market: Competitive Dashboard
14.2 Global Electronic Smart Door Lock Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Spectrum Brands
14.3.2 Master Lock
14.3.3 MIWA Lock
14.3.4 Samsung
14.3.5 August
14.3.6 Sargent and Greenleaf
14.3.7 Dessmann
14.3.8 Guangdong Be-Tech
14.3.9 Honeywell
14.3.10 SALTO
14.3.11 Tenon
14.3.12 Locstar
14.3.13 nello
14.3.14 Jiangmen Keyu Intelligence
14.3.15 Adel
14.3.16 Guangdong Level Intelligent Lock