Albany, NY -- (SBWIRE) -- 07/28/2017 -- Smart locks are devices that integrate sensors and integrated circuits (ICs) designed to lock and unlock doors and systems through signals received from an authorized device in the form of a digital key. The increase in the popularity of smart locks over the last few years can be attributed to the number of emerging smart homes with technologically advanced home appliances and infrastructure. The most promising offerings among these are security cameras and smart locks. The growing automation in homes and monitoring of premises in developed regions has resulted in the growth of the smart lock market.
The global Smart Lock market to grow at a CAGR of 80.6% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global smart lock market for 2017-2021. To calculate the market size, the report considers the total shipments of smart locks to customers worldwide.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Technavio's report, Global Smart Lock Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- August Home
- Candy House
- Kwikset
- Goji
- Lockitron
- OKIDOKEYS
- HAVEN
- Poly-Control
- KISI
- Schlage
- Unikey Technologies
- Yale
Market driver
- Benefits of smart locks over traditional locks
- For a full, detailed list, view our report
Market challenge
- Low price of digital door locks
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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