Market Overview:
The global intelligent electronic lock market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for smart locks in residential and commercial applications, and the growing concern for security among end users. The global intelligent electronic lock market is segmented by type into deadbolt, lever handle, padlock, and other types. The deadbolt segment is expected to hold the largest share of the market during the forecast period owing to its high security features compared with other types of locks. The global intelligent electronic lock market is also segmented by application into residential, hospital, enterprise, critical infrastructure, and other applications. The residential application segment is expected to hold the largest share of the market duringthe forecast period owingto rising demand for smart locks from homeowners for enhanced security purposes.
Product Definition:
An electronic lock that can be opened using a password, passcode, fingerprint scan, or other method. Intelligent electronic locks are important because they provide an extra layer of security for businesses and homes.
Deadbolt:
The deadbolt is a mechanical lock, which uses a torsion bar to resist the opening of the door. It's operation can be compared to that of a regular door knob. The main difference being, that while turning the knob would only move one section of the torsion bar; rotating it further will cause it to rotate all together and stop at an angle.
Lever Handle:
Lever handle is a mechanical device used in intelligent electronic lock. It's an important part of the locking mechanism and its main function is to provide additional force needed for turning the knob or lever. In case of manual locks, usually there are two separate handles; one for applying pressure and other for releasing pressure. Whereas, in electronic locks, there is only one handle which functions both as a lever as well as a button at the same time.
Application Insights:
The residential segment accounted for the largest share in 2016 and is projected to continue its dominance over the forecast period. The growing urbanization across various regions coupled with a rise in disposable income levels has led to an increase in demand for smart locks among consumers. Furthermore, increasing penetration of these locks by home owners associations (HOA) as well as real estate developers is expected to drive growth over the coming years.
The enterprise segment is estimated to register a significant CAGR from 2017 to 2030 owing primarilyto an increase in demand from key industries such as healthcare, financial services, retail and hospitality among others which are concentrated onshore markets within North America and Europe. Growing concerns about employee safety at workplace have driventhe adoption of intelligent electronic lock solutions at enterprises which are concentrated along East Coast of U.S.
Regional Analysis:
North America dominated the global intelligent electronic lock market in 2017. North America has been witnessing a growing number of home burglaries, which is expected to drive the demand for these locks over the forecast period. The presence of high-tech manufacturing facilities and key industry players in this region also contributes to its large share.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rapid urbanization and increasing disposable income levels among consumers, especially in China and India. Furthermore, rising government initiatives such as “Housing for All†program by 2022 are expected to boost residential construction activities across Asia Pacific countries including China, Indonesia, Philippines, Thailand and Vietnam thereby driving product demand further over the next eight years.
Growth Factors:
- Increasing demand for intelligent electronic locks from the commercial sector on account of growing security concerns.
- Proliferation of smart devices and the Internet of Things (IoT) is expected to create new opportunities for the market growth.
- Rising demand for keyless entry systems in residential applications is another major factor driving market growth.
- Growing popularity of biometric-based authentication systems is also propelling market expansion.
- Technological advancements in electronic lock products are resulting in increased adoption among consumers, thereby boosting market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Electronic Lock Market Research Report
By Type
Deadbolt, Lever Handle, Padlock, Other
By Application
Residential, Hospital, Enterprise, Critical Infrastructure, Other
By Companies
Goji, SentriLock, Yale, Cansec System, UniKey Technologies, Weiser, August Home, Aventsecurity, Haven, Kwikset, Goji, Okidokeys, SDS Smart Locks, Mul-T-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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent Electronic Lock Market Report Segments:
The global Intelligent Electronic Lock market is segmented on the basis of:
Types
Deadbolt, Lever Handle, Padlock, Other
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, Hospital, Enterprise, Critical Infrastructure, Other
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:
- Goji
- SentriLock
- Yale
- Cansec System
- UniKey Technologies
- Weiser
- August Home
- Aventsecurity
- Haven
- Kwikset
- Goji
- Okidokeys
- SDS Smart Locks
- Mul-T-Lock
Highlights of The Intelligent Electronic 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:
- Deadbolt
- Lever Handle
- Padlock
- Other
- By Application:
- Residential
- Hospital
- Enterprise
- Critical Infrastructure
- Other
- 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 Intelligent Electronic 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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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand 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 intelligent electronic lock is a type of security device that uses electronic technology to protect objects or areas from unauthorized access. These locks can be used in a variety of settings, such as businesses and homes. They are typically more secure than traditional locks, and they often have features that allow them to be operated with a smartphone or other remote device.
Some of the key players operating in the intelligent electronic lock market are Goji, SentriLock, Yale, Cansec System, UniKey Technologies, Weiser, August Home, Aventsecurity, Haven, Kwikset, Goji, Okidokeys, SDS Smart Locks, Mul-T-Lock.
The intelligent electronic lock market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intelligent Electronic 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 Intelligent Electronic Lock Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intelligent Electronic 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 Intelligent Electronic 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 Intelligent Electronic Lock Market Size & Forecast, 2018-2028
4.5.1 Intelligent Electronic Lock Market Size and Y-o-Y Growth
4.5.2 Intelligent Electronic Lock Market Absolute $ Opportunity
Chapter 5 Global Intelligent Electronic 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 Intelligent Electronic Lock Market Size Forecast by Type
5.2.1 Deadbolt
5.2.2 Lever Handle
5.2.3 Padlock
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intelligent Electronic 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 Intelligent Electronic Lock Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Hospital
6.2.3 Enterprise
6.2.4 Critical Infrastructure
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intelligent Electronic 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 Intelligent Electronic 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 Intelligent Electronic Lock Analysis and Forecast
9.1 Introduction
9.2 North America Intelligent Electronic 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 Intelligent Electronic Lock Market Size Forecast by Type
9.6.1 Deadbolt
9.6.2 Lever Handle
9.6.3 Padlock
9.6.4 Other
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 Intelligent Electronic Lock Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Hospital
9.10.3 Enterprise
9.10.4 Critical Infrastructure
9.10.5 Other
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 Intelligent Electronic Lock Analysis and Forecast
10.1 Introduction
10.2 Europe Intelligent Electronic 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 Intelligent Electronic Lock Market Size Forecast by Type
10.6.1 Deadbolt
10.6.2 Lever Handle
10.6.3 Padlock
10.6.4 Other
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 Intelligent Electronic Lock Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Hospital
10.10.3 Enterprise
10.10.4 Critical Infrastructure
10.10.5 Other
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 Intelligent Electronic Lock Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Intelligent Electronic 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 Intelligent Electronic Lock Market Size Forecast by Type
11.6.1 Deadbolt
11.6.2 Lever Handle
11.6.3 Padlock
11.6.4 Other
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 Intelligent Electronic Lock Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Hospital
11.10.3 Enterprise
11.10.4 Critical Infrastructure
11.10.5 Other
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 Intelligent Electronic Lock Analysis and Forecast
12.1 Introduction
12.2 Latin America Intelligent Electronic 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 Intelligent Electronic Lock Market Size Forecast by Type
12.6.1 Deadbolt
12.6.2 Lever Handle
12.6.3 Padlock
12.6.4 Other
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 Intelligent Electronic Lock Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Hospital
12.10.3 Enterprise
12.10.4 Critical Infrastructure
12.10.5 Other
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) Intelligent Electronic Lock Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Intelligent Electronic 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) Intelligent Electronic Lock Market Size Forecast by Type
13.6.1 Deadbolt
13.6.2 Lever Handle
13.6.3 Padlock
13.6.4 Other
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) Intelligent Electronic Lock Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Hospital
13.10.3 Enterprise
13.10.4 Critical Infrastructure
13.10.5 Other
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 Intelligent Electronic Lock Market: Competitive Dashboard
14.2 Global Intelligent Electronic Lock Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Goji
14.3.2 SentriLock
14.3.3 Yale
14.3.4 Cansec System
14.3.5 UniKey Technologies
14.3.6 Weiser
14.3.7 August Home
14.3.8 Aventsecurity
14.3.9 Haven
14.3.10 Kwikset
14.3.11 Goji
14.3.12 Okidokeys
14.3.13 SDS Smart Locks
14.3.14 Mul-T-Lock
