+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

U.S. Smart Lock Market - Industry Outlook & Forecast 2021-2026

  • PDF Icon


  • 206 Pages
  • June 2021
  • Region: United States
  • Arizton
  • ID: 5351540
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this U.S. Smart Lock Market Report

The U.S. smart lock market by revenue is expected to grow at a CAGR of approx. 12% during the period 2020-2026.

Increasing safety concerns, growing home automation, rising awareness of IoT, and growing industrial and commercial sectors will boost the U.S. smart lock market growth. Millennials in the United States are highly inclined toward home automation and are willing to pay a premium for advanced products. With the increased internet and smartphone penetration, the smart lock market is likely to observe considerable growth during the forecast period due to the high adoption of these intelligent technologies in several end-users such as educational institutions, hospitals, government offices. Moreover, to prevent invasion and unauthorized access, the market is likely to observe a substantial expansion in demand from households. Smart city initiatives by the US government and the growing focus on adopting intelligent technology for better living standards, provide huge growth potential to innovative lock vendors.

The following factors are likely to contribute to the growth of the U.S. smart lock market during the forecast period:
  • Rise in Number of Smart Homes
  • Growth in Commercial and Industrial Sector
  • The emergence of New Technologies (IoT, AI/ML)
  • Adoption of 5G And Smartphone Penetration

The study considers the U.S. smart lock market's present scenario and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends.

The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.


The U.S. smart lock market research report includes a detailed segmentation by lock type, communication technology, authentication method, component, end-user. Due to the high convenience, the deadbolt segment expects to emerge as the leading revenue contributor in the U.S. smart lock market. It is likely to grow significantly during the forecast period. However, lever handle locks expect to grow at a CAGR of 10.76% due to the growth of the commercial sector and the growing adoption of inner doors in hotels and residential houses. The market expects to face certain hindrances as they are comparatively challenging to install, thereby hampering its share in the market. Growing concerns over safety and security due to the rising number of theft and burglary cases in both residential and industrial sectors lead to the demand for smart padlocks. The US padlock market expects to reach USD 376.46 million by 2026.

Bluetooth intelligent locks, holding a share of over 36%, leading the US smart lock market, followed by Wi-Fi smart locks with a share of approx. 30%. The high revenue share of Bluetooth technology is attributed to the longer battery life than Wi-Fi and high-energy efficiency. The market for Wi-Fi-controlled locking systems expects to grow faster than others. High smartphone penetration, increased adoption of new technology, increasing technological advancement such as the Internet of Things (IoT), machine learning, and other benefits are likely to lead to the demand for Bluetooth locking systems in the US.

The U.S. smart lock market by component can be segregated into hardware, software, and services. Hardware is the physical component of smart locks and consists of microcontroller units, Bluetooth transmitters, and smartphones. The increased application of smart devices in new construction projects and the growing penetration of smartphones are likely to drive the growth of the hardware segment. Exponential growth observed in intelligent machines with the advent of IoT is likely to disrupt the software intelligent lock market. Smart devices show a strong inclination toward interconnected software solutions to increase convenience and adoption in the population.

In terms of authentication methods, PIN/Code smart locks are leading the market in the US, holding a share of over 47%. The high demand for biometric, PIN/Code and RFID-based locking systems comes from the residential sector and followed by the commercial sector. The RFID card is the fastest-growing segment and is expected to grow at the CARG of over 14% during the forecast period 2021-2026. The high adoption of IoT, machine learning, and artificial intelligence technology in the US and continuous innovations for unlocking the door generate better opportunities for the market's growth. Most of the US population is working professionals and mostly stay in the office, leading to the rising demand for smart keyless locks. All intelligent lock functions subject to substantial risks. A certain number of people are doubtful with respect to the reliability of smart door locks. Privacy and hacking challenges associated with these systems are likely to pose challenges to the growth of the market, thereby hampering the overall smart lock market.

Continuous growth in the residential sector in several US states is pushing the demand for smart locks. The growing real estate sector is adding to the demand for smart locks. The demand for single-family homes is growing, leading to rapid growth in the construction of a new single-family home in the US. The demand for Wi-Fi locking systems is growing rapidly in the residential sector due to their convenience in terms of accessibility.

Lock Type
  • Deadbolt
  • Lever Handle
  • Padlock
  • Others

Communication Technology
  • Bluetooth
  • Wi-Fi
  • Zigbee & Z-Wave
  • Others

Authentication Method
  • Biometric
  • Fingerprint sensor
  • Face recognition
  • Iris scanner
  • PIN/Code
  • RFID Cards

  • Hardware
  • Software
  • Services

  • Residential
  • Commercial
  • Institution & Government
  • Industrial


The adoption of smart technology in the US remains high. The increasing safety concern regarding home leads to the rise in demand for intelligent locks as they help prevent unauthorized access. The hospitality industry provides promising growth opportunities to smart lock vendors as most premium hotels deploy intelligent locks to provide convenience and safety to customers. Government initiatives toward smart cities influence and drive people toward technology-driven products, thereby leading to the high demand for internet-based solutions. WI-FI-enabled locking systems are popular in the US population as they offer several benefits, including convenience. Hence, the demand for Wi-Fi systems expects to grow during the forecast period. Premium hotels are the primary users of these systems to provide safety and security to their guests. The increasing number of hotels in the US offers high growth opportunities to vendors in the market. The COVID-19 pandemic has a major impact on the market as most smart lock technology companies are situated in the US.

  • US
  • South
  • West
  • Northeast
  • Midwest


The US has a moderate number of large players and several small players operating in the smart lock market. Honeywell, Latch, and Master Lock are a few major players in the market. The players are increasingly focusing on developing innovative products and expanding their product portfolios by making huge investments in R&D. Although established players dominate the market, growth opportunities for other new entrants also exist as they target the developing end-markets or cities by producing low-cost products. The competitive intensity of the market is higher in Western and Southern parts of the US due to the large number of smart homes boosting the demand for smart locks.

Prominent Vendors
  • Honeywell
  • Latch
  • Master Lock
  • Onity

Other Prominent Vendors
  • Altro Smart
  • Baldwin Hardware
  • Gate Labs
  • Hampton
  • Level
  • Lockly
  • SimpliSafe
  • U-tec


1. How big is the U.S. smart lock market?
2. Which smart lock type holds the highest share in the US?
3. Which end-user segment expects to account for the highest revenue for smart lock vendors?
4. What are the factors enabling the digital locks market growth?
5. Who are the key players in the U.S. smart door lock market?
Frequently Asked Questions about the U.S. Smart Lock Market

What is the estimated value of the U.S. Smart Lock Market?

The U.S. Smart Lock Market was estimated to be valued at $759.6 Million in 2020.

What is the growth rate of the U.S. Smart Lock Market?

The growth rate of the U.S. Smart Lock Market is 12.0%, with an estimated value of $1497.96 Million by 2026.

What is the forecasted size of the U.S. Smart Lock Market?

The U.S. Smart Lock Market is estimated to be worth $1497.96 Million by 2026.

Who are the key companies in the U.S. Smart Lock Market?

Key companies in the U.S. Smart Lock Market include Honeywell, Latch, Master Lock, Onity, Altro Smart, Baldwin Hardware, Gate Labs, Hampton, Level and Lockly.

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segments
4.4.1 Market Segmentation by Lock Type
4.4.2 Market Segmentation by Communication Technology
4.4.3 Market Segmentation by Authentication Method
4.4.4 Market Segmentation by End-user
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Components of Smart Lock
7.3 Vendor Analysis
7.4 Industry FAQ
7.4.1 How will the US smart lock market perform in the coming years?
7.4.2 Which is the fastest-growing and most preferred communication technology segment in the market?
7.4.3 Which smart lock type segment has the highest revenue share and fastest growth in the market?
7.4.4 Which end-user segment generates the highest revenue for smart lock vendors operating in the US?
7.4.5 Which authentication method has the highest demand in the market?
7.5 Impact Of COVID-19
8 Market Opportunities & Trends
8.1 Increasing Number of Smart Homes
8.2 Growth in Commercial and Industrial Sector
8.3 Emergence of New Technologies (IoT& AI/ML)
9 Market Growth Enablers
9.1 Growing Adoption Of 5G And Smartphone Penetration
9.2 High Disposable Income
9.3 Increasing Demand For Safety And Convenience
10 Market Restraints
10.1 Perception of Unreliability
10.2 Vulnerable to Security Issues
11 Market Landscape
11.1 Market Overview
11.2 Demand Insights
11.3 Market Size & Forecast
11.4 Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Component
12.1 Market Overview
12.2 Hardware
12.2.1 Market Overview
12.3 Software
12.3.1 Market Overview
12.3.2 Visitor Management
12.3.3 Security Management
12.4 Services
12.4.1 Market Overview
13 Lock Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Deadbolt
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market By Geography
13.4 Lever Handle
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market By Geography
13.5 Padlock
13.5.1 Market Overview
13.5.2 Market Size & Forecast
13.5.3 Market By Geography
13.6 Others
13.6.1 Market Overview
13.6.2 Market Size & Forecast
13.6.3 Market By Geography
14 Communication Technology
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Bluetooth
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market By Geography
14.4 WI-FI
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market By Geography
14.5 Zigbee And Z-Wave
14.5.1 Zigbee : Market Overview
14.5.2 Z-Wave : Market Overview
14.5.3 Market Size & Forecast
14.5.4 Market By Geography
14.6 Other Communication Technology
14.6.1 NFC (Near Field Communication): Market Overview
14.6.2 Thread : Market Overview
14.6.3 Market Size & Forecast
14.6.4 Market By Geography
15 Authentication Method
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Pin/Code
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Market By Geography
15.4 Biometric
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.4.3 Market By Geography
15.5 RFID Card
15.5.1 Market Overview
15.5.2 Market Size & Forecast
15.5.3 Market By Geography
16 End-User
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Residential
16.3.1 Market Overview
16.3.2 Market Size & Forecast
16.3.3 Market By Geography
16.4 Commercial
16.4.1 Market Overview
16.4.2 Healthcare
16.4.3 Hospitality
16.4.4 Other Commercial End-users
16.4.5 Market Size & Forecast
16.4.6 Market by Geography
16.5 Institution and Government
16.5.1 Market Overview
16.5.2 Institutions
16.5.3 Government
16.5.4 Market Size & Forecast
16.5.5 Market By Geography
16.6 Industrial
16.6.1 Market Overview
16.6.2 Market Size & Forecast
16.6.3 Market By Geography
17 Geography
17.1 Market Snapshot & Growth Engine
17.2 Geographic Overview
18 West
18.1 Market Overview
18.1.1 California
18.1.2 Utah
18.1.3 Washington
18.2 Market Size & Forecast
18.3 Lock Type
18.3.1 Market Size & Forecast
18.4 Communication Technology
18.4.1 Market Size & Forecast
18.5 Authentication Method
18.5.1 Market Size & Forecast
18.6 End-User
18.6.1 Market Size & Forecast
19 South
19.1 Market Overview
19.1.1 Texas
19.1.2 Florida
19.2 Market Size & Forecast
19.3 Lock Type
19.3.1 Market Size & Forecast
19.4 Communication Technology
19.4.1 Market Size & Forecast
19.5 Authentication Method
19.5.1 Market Size & Forecast
19.6 End-User
19.6.1 Market Size & Forecast
20 Northeast
20.1 Market Overview
20.1.1 New Jersey
20.1.2 New York
20.1.3 Market Size & Forecast
20.2 Lock Type
20.2.1 Market Size & Forecast
20.3 Communication Technology
20.3.1 Market Size & Forecast
20.4 Authentication Method
20.4.1 Market Size & Forecast
20.5 End-User
20.5.1 Market Size & Forecast
21 Midwest
21.1 Market Overview
21.1.1 Illinois
21.1.2 North Dakota
21.1.3 Indiana
21.2 Market Size & Forecast
21.3 Lock Type
21.3.1 Market Size & Forecast
21.4 Communication Technology
21.4.1 Market Size & Forecast
21.5 Authentication Method
21.5.1 Market Size & Forecast
21.6 End-User
21.6.1 Market Size & Forecast
22 Competitive Landscape
22.1 Competition Overview
23 Key Company Profiles
23.1 Honeywell
23.1.1 Business Overview
23.1.2 Product Offerings
23.1.3 Key Strategies
23.1.4 Key Strengths
23.1.5 Key Opportunities
23.2 Latch
23.2.1 Business Overview
23.2.2 Product Offerings
23.2.3 Key Strategies
23.2.4 Key Strengths
23.2.5 Key Opportunities
23.3 Master Lock
23.3.1 Business Overview
23.3.2 Product Offerings
23.3.3 Key Strategies
23.3.4 Key Strengths
23.3.5 Key Opportunities
23.4 Onity
23.4.1 Business Overview
23.4.2 Product Offerings
23.4.3 Key Strategies
23.4.4 Key Strengths
23.4.5 Key Opportunities
24 Other Prominent Vendors
24.1 Altro Smart
24.1.1 Business Overview
24.1.2 Product Offerings
24.2 Baldwin Hardware
24.2.1 Business Overview
24.2.2 Product Offerings
24.3 Gate Labs INC
24.3.1 Business Overview
24.3.2 Product Offerings
24.4 Hampton
24.4.1 Business Overview
24.4.2 Product Offerings
24.5 Level
24.5.1 Business Overview
24.5.2 Product Offerings
24.6 Lockly
24.6.1 Business Overview
24.6.2 Product Offerings
24.7 Simplisafe
24.7.1 Business Overview
24.7.2 Product Offerings
24.8 U-TEC
24.8.1 Business Overview
24.8.2 Product Offerings
25 Key Developments in Recent Years
25.1 Merger, Acquisitions & Partnerships
25.2 New Launches
26 Report Summary
26.1 Key Takeaways
26.2 Strategic Recommendations
27 Quantitative Summary
27.1 Market By Geography
27.2 West
27.2.1 Lock Type: Market Size and Forecast
27.2.2 Communication Technology: Market Size & Forecast
27.2.3 Authentication Methood: Market Size & Forecast
27.2.4 End-user: Market Size & Forecast
27.3 South
27.3.1 Lock Type: Market Size and Forecast
27.3.2 Communication Technology: Market Size & Forecast
27.3.3 Authentication Method: Market Size & Forecast
27.3.4 End-user: Market Size & Forecast
27.4 Northeast
27.4.1 Lock Type: Market Size and Forecast
27.4.2 Communication Technology: Market Size & Forecast
27.4.3 Authentication Method: Market Size & Forecast
27.4.4 End-User: Market Size & Forecast
27.5 Midwest
27.5.1 Lock Type: Market Size and Forecast
27.5.2 Communication Technology: Market Size & Forecast
27.5.3 Authentication Method: Market Size & Forecast
27.5.4 End-User: Market Size & Forecast
27.6 Lock Type
27.6.1 Market Size & Forecast
27.7 Communication Technology
27.7.1 Market Size & Forecast
27.8 Authentication Method
27.8.1 Market Size & Forecast
27.9 End-User
27.9.1 Market Size & Forecast
28 Appendix
28.1 Abbreviations

Companies Mentioned

  • Honeywell
  • Latch
  • Master Lock
  • Onity
  • Altro Smart
  • Baldwin Hardware
  • Gate Labs
  • Hampton
  • Level
  • Lockly
  • SimpliSafe
  • U-tec


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.