Albany, NY -- (SBWIRE) -- 10/26/2018 -- This report on the global Smart Locks market provides analysis for the period 2014–2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information.
The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global Smart Locks market growth during the said period. Technologies that are playing a major role in the driving the global Smart Locks market have also been covered in the study.
The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (in US$ Mn), across different geographies. The advancements in wireless communication technologies and a booming smart homes, smart home as a service, and home automation market can be considered as a major factor for the growth of smart locks market.
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Growing use of smart locks in residential and commercial segments and growing demand for smart locks from other industries including industrial and government are another factors driving the growth of the smart locks market, globally.
Global Smart Locks Market: Segmentation
The Smart Locks market has been segmented on the basis of product type, unlocking mechanism and application. Based on product type, the market has been further classified into deadbolt type and lever/Knob type. On the basis of unlocking mechanism, the market has been divided into keypad, touch screen, touch to open, app based and hybrid/integrated. By application, the market is further classified into government, commercial, industrial and residential.
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Geographically, the report classifies the global Smart Locks market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region wise prominent countries covered in the report include the following - the U.S, Canada, Germany, France, the U.K., China, India, Japan, Australia, UAE, Saudi Arabia, Brazil and Argentina.
The report includes key developments in the Smart Locks market form 2013 onwards. Porter Five Force analysis is also included in the report. Ecosystem analysis which identifies key stake holders in the Smart Locks market is also covered in the report. It covers segment wise comparison matrix, market attractiveness analysis and market share analysis for all regions covered in the scope of study.
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Comparison matrix includes segment growth matrix, 2016 - 2024 (%), segment revenue contribution, 2016 - 2024 (%), and segment compounded growth matrix (CAGR %). Market attractiveness identifies and compares segments market attractiveness on the basis of CAGR and market share index.
Global Smart Locks Market: Competitive Analysis
The study also includes competition landscape with competition matrix, market share analysis of major players in the global Smart Locks market based on their 2015 revenues, profiling of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow.
Factors including market position, offerings and R&D focus are attributed to company's capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company's potential to grow. This section also identifies and includes various recent developments carried out by the leading players.
Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2014 to 2016. The key players profiled in the global smart locks market include Honeywell International Inc., August Home, Inc., Vivint, Inc., Panasonic Corporation, Samsung SDS, Havenlock Inc., Kwikset, Assa Abloy Group, Schlage, and Apigy Inc (Lockitron).