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Global Smart Lock Market 2018-2022 - Product Image

Global Smart Lock Market 2018-2022

  • ID: 4613291
  • Report
  • Region: Global
  • 112 pages
  • TechNavio
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FEATURED COMPANIES

  • Allegion
  • APX Group
  • ASSA ABLOY
  • SALTO Systems
  • Spectrum Brands
  • MORE
About Smart Lock

Smart lock is an electromechanical lock which can be controlled remotely by authorized electronic devices such as smartphones, wearables and tablets. The smart locks can be connected with a smartphone via Bluetooth, Wi-Fi and Zigbee networks. Smart locks can be integrated with new or existing traditional locks. The users can also receive alerts regarding actionable security risks or other key events.

The analysts forecast the global smart lock market to grow at a CAGR of 14.87% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global smart lock market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of smart lock by various end users including residential and others.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Smart Lock Market 2018-2022, 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.

Key vendors
  • Allegion
  • APX Group
  • ASSA ABLOY
  • SALTO Systems
  • Spectrum Brands
Market drivers
  • Easy installation of smart locks in existing door locks
  • For a full, detailed list, view the full report
Market challenges
  • High cost of smart locks
  • For a full, detailed list, view the full report
Market trends
  • All-in-one smart locks
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2022 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?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Allegion
  • APX Group
  • ASSA ABLOY
  • SALTO Systems
  • Spectrum Brands
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 05: MARKET SIZING
  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER
  • Segmentation by end-user
  • Comparison by end-user
  • Residential – Market size and forecast 2017-2022
  • Others – Market size and forecast 2017-2022
  • Market opportunity by end-user
PART 09: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • APAC – Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • Collaborations between smart lock manufacturers and delivery service companies
  • Growing demand for smart doorbells integrated with smart locks
  • All-in-one smart locks
  • Increase in M&A
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Allegion
  • APX Group
  • ASSA ABLOY
  • SALTO Systems
  • Spectrum Brands
PART 15: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Parent market
Exhibit 02: Global IoT devices market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2017
Exhibit 07: Validation techniques employed for market sizing 2017
Exhibit 08: Global smart lock market – Market size and forecast 2017-2022 ($ mn)
Exhibit 09: Comparative analysis of smart locks offered by different vendors
Exhibit 10: Global smart lock market – Year-over-year growth 2018-2022 (%)
Exhibit 11: Five forces analysis 2017
Exhibit 12: Five forces analysis 2022
Exhibit 13: Bargaining power of buyers
Exhibit 14: Bargaining power of suppliers
Exhibit 15: Threat of new entrants
Exhibit 16: Threat of substitutes
Exhibit 17: Threat of rivalry
Exhibit 18: Market condition - Five forces 2017
Exhibit 19: Customer landscape
Exhibit 20: End-user – Market share 2017-2022 (%)
Exhibit 21: Comparison by end-user
Exhibit 22: Residential – Market size and forecast 2017-2022 ($ mn)
Exhibit 23: Residential – Year-over-year growth 2018-2022 (%)
Exhibit 24: Others – Market size and forecast 2017-2022 ($ mn)
Exhibit 25: Others – Year-over-year growth 2018-2022 (%)
Exhibit 26: Market opportunity by end-user
Exhibit 27: Global – Market share by geography 2017-2022 (%)
Exhibit 28: Regional comparison
Exhibit 29: Americas – Market size and forecast 2017-2022 ($ mn)
Exhibit 30: Americas – Year-over-year growth 2018-2022 (%)
Exhibit 31: EMEA – Market size and forecast 2017-2022 ($ mn)
Exhibit 32: EMEA – Year-over-year growth 2018-2022 (%)
Exhibit 33: APAC – Market size and forecast 2017-2022 ($ mn)
Exhibit 34: APAC – Year-over-year growth 2018-2022 (%)
Exhibit 35: Key leading countries
Exhibit 36: Market opportunity
Exhibit 37: Smart locks and their compatibility
Exhibit 38: ASP of popular smart lock available in the market
Exhibit 39: Vendor landscape
Exhibit 40: Landscape disruption
Exhibit 41: Vendors covered
Exhibit 42: Vendor classification
Exhibit 43: Market positioning of vendors
Exhibit 44: Allegion: Overview
Exhibit 45: Allegion – Organizational developments
Exhibit 46: Allegion – Geographic focus
Exhibit 47: Allegion – Key offerings
Exhibit 48: APX Group: Overview
Exhibit 49: APX Group – Business segments
Exhibit 50: APX Group – Organizational developments
Exhibit 51: APX Group – Geographic focus
Exhibit 52: APX Group – Key offerings
Exhibit 53: ASSA ABLOY: Overview
Exhibit 54: ASSA ABLOY – Segmentation by product group
Exhibit 55: ASSA ABLOY – Organizational developments
Exhibit 56: ASSA ABLOY – Geographic focus
Exhibit 57: ASSA ABLOY – Segmentation by product group
Exhibit 58: ASSA ABLOY – Key offerings
Exhibit 59: SALTO Systems: Overview
Exhibit 60: SALTO Systems – Organizational developments
Exhibit 61: SALTO Systems – Key offerings
Exhibit 62: Spectrum Brands: Overview
Exhibit 63: Spectrum Brands – Business segments
Exhibit 64: Spectrum Brands – Organizational developments
Exhibit 65: Spectrum Brands – Geographic focus
Exhibit 66: Spectrum Brands – Segment focus
Exhibit 67: Spectrum Brands – Key offerings
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Allegion
  • APX Group
  • ASSA ABLOY
  • SALTO Systems
  • Spectrum Brands
  • MORE
New Report Released: – Global Smart Lock Market 2018-2022

The author of the report recognizes the following companies as the key players in the global smart lock market: Allegion, APX Group, ASSA ABLOY, SALTO Systems, and Spectrum Brands.

Commenting on the report, an analyst from the research team said: “Several retailers such as Amazon.com, Walmart and August Homes are focusing on integrating last-mile delivery with smart locks to prevent issues like missing deliveries, forged signatures and items dropped off at wrong property. This technological integration will allow retailers to reduce the number of compensation and replacement claims by the customers, as the smart locks will allow delivery personnel to enter and deliver packages within their home. Thus, the increasing number of collaborations between smart lock and delivery service companies is identified as a major smart lock market trend which will contribute to the revenue generated during the forecast period.”

According to the report, one of the major drivers for this market is the benefits of smart locks over traditional and digital locks. The dependency on keys is eliminated as the smart locks can be controlled remotely via authorized electronic devices such as smartphones, wearables and tablets. Another major advantage of smart locks is that the security standards can be customized to provide exclusive access to authorized people only. Smart locks are being increasingly adopted by hotels and universities as they provide greater security and flexibility than traditional and digital locks, which in turn is driving growth of the global smart lock market.

Further, the report states that one of the major factors hindering the growth of this market is the growing privacy and security concerns related to smart locks. It has been found that Bluetooth enabled smart lock models don’t have any encryption and decryption techniques which allow hackers to hack the encrypted password with patented cryptographic solutions. Hackers can also hack smart locks connected to the internet by penetrating the portal through cross-site scripting and code injection. Thus, the security issues related to smart locks is posing as a major challenge to the growth of the global smart lock market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Allegion
  • APX Group
  • ASSA ABLOY
  • SALTO Systems
  • Spectrum Brands
Note: Product cover images may vary from those shown
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