Market Overview:
The global padlock smart lock market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart locks for both residential and commercial applications, owing to the benefits offered by these locks such as enhanced security, convenience, and ease of use. In addition, the increasing adoption of IoT-enabled devices is also contributing to the growth of this market. Based on type, the global padlock smart lock market can be segmented into Wi-Fi locks and Bluetooth locks. Wi-Fi locks are expected to account for a larger share of this market than Bluetooth locks during the forecast period due to their higher compatibility with various devices and operating systems. Based on application, this market can be segmented into commercial applications, residential applications, institutional & government applications, industrial applications, and other applications.
Product Definition:
Padlock Smart Lock is a digital lock that uses Bluetooth to unlock when you are near the door. It is important because it provides an extra layer of security to your home and can be accessed using your smartphone.
Wi-fi:
Wi-Fi, or Wireless Fidelity, is a wireless technology that allows users to connect devices wirelessly. Wi-Fi provides access to the internet and can be used for communication as well as entertainment purposes. The Padlock smart lock uses WLAN technology for establishing a connection with the smartphone app which enables users to gain access to their luggage without using any physical key or card.
Bluetooth:
Bluetooth is a wireless technology used for communication between two devices, which are within range of each other. It provides secure and easy connection between the smartphone and padlock. The technology helps to connect various devices such as tablets, smartphones, laptops along with smart locks thereby providing an ease of connectivity.
Application Insights:
The commercial application segment accounted for the largest share of more than 50.0% in 2017. The growing trend of office moving and relocating from cities to satellite towns is expected to boost the demand for padlocks with smart features in developed economies including North America and Europe. In addition, a rise in tourism is anticipated to increase the number of hotels over the forecast period, which will further propel market growth over next eight years.
Residential applications are projected to witness significant growth owing to increasing urbanization along with rising disposable income levels among emerging countries including China, India, Brazil and South Africa.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing investments in smart city initiatives by various governments across the region. For instance, The Government of India has planned for implementation of several smart cities projects across the country which include construction of new infrastructure and facilities such as hospitals, schools, airports, railway stations and police stations among others. Such government initiatives are expected to boost product demand in residential applications thereby boosting regional market growth over the forecast period.
North America accounted for more than 25% share in 2017 owing to high adoption rates associated with digital lock technology coupled with stringent regulations imposed on physical security measures taken by local governing bodies such as law enforcement agencies and private institutions including educational institutes and corporate offices within their jurisdiction.
Growth Factors:
- Increasing demand for smart locks from the residential sector
- Rising demand for padlocks with Bluetooth and other wireless technologies
- Proliferation of e-commerce and m-commerce platforms
- Growing popularity of sharing economy services
- Increasing number of thefts and burglaries
Scope Of The Report
Report Attributes
Report Details
Report Title
Padlock Smart Lock Market Research Report
By Type
Wi-fi, Bluetooth
By Application
Commercial, Residential, Institutional & government, Industrial, Others
By Companies
Assa Abloy, Allegion, Spectrum Brands, Salto Systems, Carrier, Master Lock Company, MIWA Lock, Hanman International, AMADAS, HavenLock, Gate Video Smart Lock, Danalock International, August Home, CANDY HOUSE
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Padlock Smart Lock Market Report Segments:
The global Padlock Smart Lock market is segmented on the basis of:
Types
Wi-fi, Bluetooth
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
Commercial, Residential, Institutional & government, Industrial, Others
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:
- Assa Abloy
- Allegion
- Spectrum Brands
- Salto Systems
- Carrier
- Master Lock Company
- MIWA Lock
- Hanman International
- AMADAS
- HavenLock
- Gate Video Smart Lock
- Danalock International
- August Home
- CANDY HOUSE
Highlights of The Padlock Smart 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:
- Wi-fi
- Bluetooth
- By Application:
- Commercial
- Residential
- Institutional & government
- Industrial
- Others
- 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 Padlock Smart 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?
Padlock Smart Lock is a security app that uses your phone's camera and facial recognition technology to secure your devices. When you unlock your device with the Padlock Smart Lock app, it will also automatically lock all other devices that are connected to the same iCloud account.
Some of the major players in the padlock smart lock market are Assa Abloy, Allegion, Spectrum Brands, Salto Systems, Carrier, Master Lock Company, MIWA Lock, Hanman International, AMADAS, HavenLock, Gate Video Smart Lock, Danalock International, August Home, CANDY HOUSE.
The padlock smart lock market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Padlock Smart 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 Padlock Smart Lock Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Padlock Smart 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 Padlock Smart 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 Padlock Smart Lock Market Size & Forecast, 2020-2028
4.5.1 Padlock Smart Lock Market Size and Y-o-Y Growth
4.5.2 Padlock Smart Lock Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Wi-fi
5.2.2 Bluetooth
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Institutional & government
6.2.4 Industrial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Padlock Smart 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 Padlock Smart 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Wi-fi
9.6.2 Bluetooth
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 Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Institutional & government
9.10.4 Industrial
9.10.5 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Wi-fi
10.6.2 Bluetooth
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 Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Institutional & government
10.10.4 Industrial
10.10.5 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Wi-fi
11.6.2 Bluetooth
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 Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Institutional & government
11.10.4 Industrial
11.10.5 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Wi-fi
12.6.2 Bluetooth
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 Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Institutional & government
12.10.4 Industrial
12.10.5 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Wi-fi
13.6.2 Bluetooth
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) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Institutional & government
13.10.4 Industrial
13.10.5 Others
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 Padlock Smart Lock Market: Competitive Dashboard
14.2 Global Padlock Smart Lock Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Assa Abloy
14.3.2 Allegion
14.3.3 Spectrum Brands
14.3.4 Salto Systems
14.3.5 Carrier
14.3.6 Master Lock Company
14.3.7 MIWA Lock
14.3.8 Hanman International
14.3.9 AMADAS
14.3.10 HavenLock
14.3.11 Gate Video Smart Lock
14.3.12 Danalock International
14.3.13 August Home
14.3.14 CANDY HOUSE
