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Global Electronic Home Locks Market (2021-2026) by Product, Communication Protocol, Authentication Method, Distribution Channel, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 172 Pages
  • April 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5392871
The Global Electronic Home Locks Market is estimated to be USD 512.95 Mn in 2021 and is expected to reach USD 920.25 Mn by 2026, growing at a CAGR of 12.4%.



Market Dynamics

Growing urbanization and adoption of smart technology are majorly driving factors of the electronic home locks market. In addition, alarming crime rates and rising awareness of smart home locks are escalating the market growth. The electronic home locks have advanced features such as a waterproof keypad, data storage, alert unauthorized entry, remotely accessing the locks, voice control, and record of access history has increased the demand for electronic locks. The adoption of IoT, AI, and MI in smart technologies is anticipated to create new electronic home locks market opportunities. The increasing penetration of smartphones for unlocking and touchless locks is further escalating the market growth. However, the threat of cyber hacking and the perception of unreliability are hindering the market.

The growing smart building constructions and ongoing R & D for new product development by market players are anticipated to pave new opportunities for the market during the forecast period.

Market Segmentation

The Global Electronic Home Locks Market is segmented further based on Product, Communication Protocol, Authentication Method, Distribution Channel, and Geography.

By Product, the market is classified into padlocks, lever locks, deadbolts and latches, and others. Amongst all, the deadbolts and latches segment is estimated to hold the highest market share during the forecast period.

By Communication Protocol, the market is classified as bluetooth, WiFi, and others. Amongst all, the WiFi segment is estimated to hold the highest market share during the forecast period.

By Authentication Method, the market is classified as numerical codes and passwords, security tokens, smart cards, biometrics, and others. Amongst all, the numerical codes and passwords segment is estimated to hold the highest market share during the forecast period.

By Distribution Channel, the market is classified as online and offline. Amongst all, the offline segment is estimated to hold the highest market share during the forecast period

By Geography, North America is projected to lead the market.

Recent Developments

1. Xiaomi launches Aqara D100 Smart Door Lock with HomeKit & MIJIA app support. - 28th November 2020.
2. Godrej Locks, launched Spacetek, a new age 100% 'Made in India' digital lock. Spacetek is the latest hi-tech features like 360-degree fingerprint recognition, spy code, privacy mode, low battery indicator, external power bank charging, volume control, and break-in alarm. - 30th March 2020.

Company Profiles

Some of the companies covered in this report Nuki Home Solutions, August, Inc., Godrej Group, Avent Security, Security Door Controls, Cisco Systems, Inc., etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?
  • The report offers a comprehensive evaluation of the Global Electronic Home Locks Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using the Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:
  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Electronic Home Locks Market

What is the estimated value of the Global Electronic Home Locks Market?

The Global Electronic Home Locks Market was estimated to be valued at $512.95 Million in 2021.

What is the growth rate of the Global Electronic Home Locks Market?

The growth rate of the Global Electronic Home Locks Market is 12.4%, with an estimated value of $920.25 Million by 2026.

What is the forecasted size of the Global Electronic Home Locks Market?

The Global Electronic Home Locks Market is estimated to be worth $920.25 Million by 2026.

Who are the key companies in the Global Electronic Home Locks Market?

Key companies in the Global Electronic Home Locks Market include Allegion plc, Assa Abloy, August, Inc., Avent Security, Cisco Systems, Inc., Godrej Group, Honeywell International, Inc., iLOQ Limited and Latchable Inc.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Security and Safety Concerns
4.1.2 Additional Features in Lock Compared to Traditional Locks
4.1.3 Rising Urbanization and Smart Technology
4.2 Restraints
4.2.1 High Investment Cost
4.2.2 Lack Of Awareness in Emerging Countries
4.3 Opportunities
4.3.1 Geographical Expansion Strategy by Market Players
4.3.2 Development and Adoption of IoT
4.4 Challenges
4.4.1 Risk of Cyber Threat
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Electronic Home Locks Market, By Product
6.1 Introduction
6.2 Padlocks
6.3 Lever Locks
6.4 Deadbolts and Latches
6.5 Others
7 Global Electronic Home Locks Market, By Communication Protocol
7.1 Introduction
7.2 Bluetooth
7.3 WiFi
7.4 Others
8 Global Electronic Home Locks Market, By Authentication Method
8.1 Introduction
8.2 Numerical Codes and Passwords
8.3 Security Tokens
8.4 Smart Card
8.5 Biometrics
8.5.1 Fingerprint Scanning
8.5.2 Retinal or Iris Scanning
8.5.3 Voice Recognition
8.5.4 Others
8.6 Others
9 Global Electronic Home Locks Market, By Distribution Channel
9.1 Introduction
9.2 Online
9.3 Offline
10 Global Electronic Home Locks Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 South America
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Chile
10.3.4 Colombia
10.4 Europe
10.4.1 UK
10.4.2 France
10.4.3 Germany
10.4.4 Italy
10.4.5 Spain
10.4.6 Netherlands
10.4.7 Sweden
10.4.8 Russia
10.4.9 Rest of Europe
10.5 Asia-Pacific
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4 Indonesia
10.5.5 Malaysia
10.5.6 South Korea
10.5.7 Australia
10.5.8 Sri Lanka
10.5.9 Thailand
10.5.10 Rest of APAC
10.6 Middle-East and Africa
10.6.1 Qatar
10.6.2 Saudi Arabia
10.6.3 South Africa
10.6.4 United Arab Emirates
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 Allegion plc
12.2 Assa Abloy
12.3 August, Inc.
12.4 Avent Security
12.5 Cisco Systems, Inc.
12.6 Godrej Group
12.7 Honeywell International, Inc.
12.8 iLOQ Limited
12.9 Kiekert Aktiengesellschaft
12.10 Latchable Inc
12.11 Master Lock
12.12 Nuki Home Solutions
12.13 Panasonic Corporation
12.14 Robert Bosch GmbH
12.15 Salto Systems S. L.
12.16 Samsung
12.17 Security Door Controls
12.18 Spectrum Brands Holdings, Inc.
12.19 United Technologies Corporation
12.20 Vanderbilt Industries
13 Appendix
13.1 Questionnaire

Companies Mentioned

  • Allegion plc
  • Assa Abloy
  • August, Inc.
  • Avent Security
  • Cisco Systems, Inc.
  • Godrej Group
  • Honeywell International, Inc.
  • iLOQ Limited
  • Kiekert Aktiengesellschaft
  • Latchable Inc
  • Master Lock
  • Nuki Home Solutions
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Salto Systems S. L.
  • Samsung
  • Security Door Controls
  • Spectrum Brands Holdings, Inc.
  • United Technologies Corporation
  • Vanderbilt Industries