Smart Door Lock Market Size

For the forecast years.

Smart door lock market size.

Digital door lock system market is estimated to generate opportunities worth us 11 230 0 mn by the end of 2024 rising from the market s evaluated valuation of merely us 1 481 8 mn as of 2017. The global smart lock market size was valued at usd 1 2 billion in 2019 and is expected to register a cagr of 18 5 from 2020 to 2027. Press release smart door locks market 2020 share size types and applications evolving technology trends and industry analysis 2026 published. The global smart door lock market is segmented on the basis of type application and geography.

Recent trends and developments 6. The report gives a complete market analysis for the forecasted period from 2020 to 2026. Smart door locks market by product type market size billion y. The growing adoption of internet of things iot coupled with rising security and privacy concerns has propelled the penetration of smart home security devices globally.

The report on smart door locks market offers in depth analysis on market trends drivers restraints opportunities etc. Smart door locks be able to deliver people by means of a great level of security that is not delivered by usual locks and alarms. The global smart door lock market is divided by keypad smart door locks into magnetic stripe locks electromechanical door locks and electric strike locks. Smart lock market was valued at usd 1 74 billion in 2019 and is projected to reach usd 4 41 billion by 2027 growing at a cagr of 13 25 from 2020 to 2027.

Smart lock market size and forecast. 3 2020 at 5 28 a m. Among these locks the electromechanical door locks segment is anticipated to hold highest market size by the end of 2021 by expanding at a compound annual growth rate cagr of 26 43. Global smart door locks market size usd billion and forecast analysis 2016 2024 5.

Along with qualitative information this report include the quantitative analysis of various segments in terms of market share growth opportunity analysis market value etc. The global smart door lock market was valued at us 491 2 mn in 2018 and is projected to increase significantly at a cagr of 17 8 from 2019 to 2028. Market for digital door lock system to rise at a cagr of 34 7 during the forecast period of 2017 to 2024. More than 7 0 million units of smart locks were sold in 2019.

The smart door locks are extensively presented and permit operators to open close a door deprived of keys. Global smart door locks market segmentation 6 1. Smart door lock market scope. The global smart door lock market may be divided by types type of use and the area.