Global Smart Door Lock Market Size to Reach USD 4.835 billion by 2028, At Growth Rate (CAGR) of 16.7%.

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Global Smart Door Lock Market size is projected to reach USD 4.835 billion by 2028 from an estimated USD 1.64 billion in 2021, growing at a CAGR of 16.7%. The Analysis Period 2023-2030.

With the advent of technologies such as Machine Learning and Artificial Intelligence, the spread of the Internet of Things (IoT) is expected to accelerate the mass adoption of smart locks during the forecast period. Increasing consumer awareness of the benefits and conveniences of these locks has contributed to increased demand, especially in the home and hospitality sectors around the world. Smart locks bring a new security experience to your home with the customization and the ability to control what happens to your home. They are far beyond the capabilities of normal rock.

Top Key Players Covered in The Smart Door Lock Market

Master Lock, Onity, Salto Systems, Allegion, Cansec Systems, ASSA ABLOY AB, Honeywell, Haven Lock, Spectrum brands, Yale and other major players.

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For the Purpose Of This Report, Reports And Data Has Segmented The Global Smart Door Lock Market On The Basis Of Type, By Source, By Product, And Region:

By Type         

·         Deadbolt

·         Lever Handles

·         Padlock

·         Others

By Application          

·         Residential

·         Hospitality

·         Enterprise

·         Critical

·         Infrastructure

·         Others

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By Region

·         North America (US, Canada, Mexico)

·         Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·         Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

·         Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

·         South America (Brazil, Argentina, Rest of SA)

Covid-19 Impact Analysis On Smart Door Lock Market

COVID19's impact on the industry shows that smart locks have become significantly more important in these unprecedented times. With the ability to perform lock-unlock operations via voice recognition and smartphones, smart gadgets, there are many opportunities in the market and no need to physically touch the device while the pandemic is in progress. Such technologies allow manufacturers to meet customer requirements for contactless/contactless platforms to operate their devices and gain an edge in these difficult times.

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