Market Overview

Global Smart Lock Market 2018-2022 | Growth Analysis and Forecast | Technavio


The global smart lock market is expected to post a CAGR of close to 15%
during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global smart lock market from 2018-2022. ...

Technavio has published a new market research report on the global smart lock market from 2018-2022. (Graphic: Business Wire)

The benefits of smart locks over traditional locks and digital locks
will be key factors driving the growth of the market. Smart locks are
connected to smartphones or smartwatches and the automatic locking and
opening system can be activated through these mobile devices. This will
eliminate the need to carry keys. Another major advantage of smart locks
is the implementation of security standards.

This market research report on the global
smart lock market 2018-2022
provides an analysis of the most
important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing

In this report, Technavio highlights the collaborations between smart
lock manufacturers and delivery service companies as one of the key
emerging trends in the global smart lock market:

Global smart lock market: Collaborations
between smart lock manufacturers and delivery service companies

Retail firms are facing severe issues regarding the home delivery of
products. Some of the common issues include missing deliveries, forged
signatures, and items dropped off to the wrong property. As a result,
retailers face a high number of compensation and replacement claims.

"Many retailers are concentrating on integrating last mile delivery
with smart locks, wherein the delivery service personnel will be able to
enter homes and deliver the package. This will reduce problems faced
during the home delivery of products because the products are dropped
off inside a person's home,"
says a senior analyst at Technavio for
research on computing devices.

Global smart lock market: Segmentation analysis

This market research report segments the global smart lock market by
end-user (residential and others) and geography (the Americas, APAC, and

The residential segment held the largest market share in 2017,
accounting for nearly 97% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with approximately 59% of the market
share, followed by EMEA and APAC respectively. The APAC region will
project the highest growth during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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