The Global Residential Smart Lock Market was valued at USD 3.09 billion in 2024 and is estimated to grow at a CAGR of 10.9% to reach USD 8.65 billion by 2034. Driven by a rapid shift toward smart home ecosystems, this market is gaining traction as homeowners increasingly prioritize both convenience and security. Rising concerns over break-ins and home invasions are prompting consumers to upgrade from traditional locking systems to advanced smart lock solutions that provide not only enhanced security but also keyless access and remote control features. As urban populations grow and smart city projects expand globally, the demand for connected home solutions continues to rise.
Technological advancements, combined with a growing tech-savvy population, are fueling the adoption of residential smart locks. These systems can be easily integrated with voice assistants, surveillance cameras, and home automation platforms, offering users centralized control of their home security. Increasing penetration of smartphones and improved internet infrastructure are also accelerating the global adoption of these devices. Furthermore, the growing popularity of rental platforms like Airbnb has made smart locks a go-to solution for contactless, remote guest access, further widening their appeal and utility.
The market is categorized by product type, including lever handles, padlocks, deadbolt locks, and others. Among these, the deadbolt lock segment generated USD 1.37 billion in 2024 and is anticipated to expand at a CAGR of 11.2% through the forecast period. Consumers prefer deadbolt locks for their robust build quality and advanced features. These locks provide higher resistance to forced entry compared to traditional options and are now equipped with technologies like Bluetooth, Wi-Fi, and biometrics. With remote access and keyless entry functionalities, smart deadbolt locks offer both convenience and peace of mind, making them a preferred choice for modern households.
Based on connectivity, the market is segmented into Wi-Fi, Bluetooth, Z-Wave, and others. The Bluetooth segment held a 45.4% share in 2024 and is positioned for substantial growth. Known for its low power consumption and affordability, Bluetooth technology allows users to control access via smartphones, making it an ideal fit for consumers who demand seamless integration and reliability without the need for constant internet connectivity. The accessibility and energy efficiency of Bluetooth-enabled smart locks are driving their popularity among residential users.
North America dominated the global market with a 36.1% share in 2024, attributed to the region's advanced infrastructure and widespread adoption of smart home devices. Consumers across the U.S. and Canada are actively investing in security upgrades, especially those compatible with home automation systems. Features like biometric access, mobile alerts, and remote locking are influencing purchasing decisions across the region.
Major players in the global residential smart lock market include Xiaomi Corporation, Gantner Electronic GmbH, Honeywell International Inc., Allegion Plc, Amadas Inc., Salto Systems S.L., Assa Abloy AB, Avent Security, Onity Inc., Nord-Lock International AB, Spectrum Brands, Inc., Samsung Electronics Co. Ltd., ZKTeco USA, Megadoorlock Technology Co., Ltd., and August Home Inc. These companies are focusing on product innovation, strategic collaborations, and expanding distribution channels. Their investments in R&D are aimed at enhancing compatibility with smart home platforms and ensuring top-tier security solutions for modern homeowners.
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Technological advancements, combined with a growing tech-savvy population, are fueling the adoption of residential smart locks. These systems can be easily integrated with voice assistants, surveillance cameras, and home automation platforms, offering users centralized control of their home security. Increasing penetration of smartphones and improved internet infrastructure are also accelerating the global adoption of these devices. Furthermore, the growing popularity of rental platforms like Airbnb has made smart locks a go-to solution for contactless, remote guest access, further widening their appeal and utility.
The market is categorized by product type, including lever handles, padlocks, deadbolt locks, and others. Among these, the deadbolt lock segment generated USD 1.37 billion in 2024 and is anticipated to expand at a CAGR of 11.2% through the forecast period. Consumers prefer deadbolt locks for their robust build quality and advanced features. These locks provide higher resistance to forced entry compared to traditional options and are now equipped with technologies like Bluetooth, Wi-Fi, and biometrics. With remote access and keyless entry functionalities, smart deadbolt locks offer both convenience and peace of mind, making them a preferred choice for modern households.
Based on connectivity, the market is segmented into Wi-Fi, Bluetooth, Z-Wave, and others. The Bluetooth segment held a 45.4% share in 2024 and is positioned for substantial growth. Known for its low power consumption and affordability, Bluetooth technology allows users to control access via smartphones, making it an ideal fit for consumers who demand seamless integration and reliability without the need for constant internet connectivity. The accessibility and energy efficiency of Bluetooth-enabled smart locks are driving their popularity among residential users.
North America dominated the global market with a 36.1% share in 2024, attributed to the region's advanced infrastructure and widespread adoption of smart home devices. Consumers across the U.S. and Canada are actively investing in security upgrades, especially those compatible with home automation systems. Features like biometric access, mobile alerts, and remote locking are influencing purchasing decisions across the region.
Major players in the global residential smart lock market include Xiaomi Corporation, Gantner Electronic GmbH, Honeywell International Inc., Allegion Plc, Amadas Inc., Salto Systems S.L., Assa Abloy AB, Avent Security, Onity Inc., Nord-Lock International AB, Spectrum Brands, Inc., Samsung Electronics Co. Ltd., ZKTeco USA, Megadoorlock Technology Co., Ltd., and August Home Inc. These companies are focusing on product innovation, strategic collaborations, and expanding distribution channels. Their investments in R&D are aimed at enhancing compatibility with smart home platforms and ensuring top-tier security solutions for modern homeowners.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2024
Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2034 ($Mn) (Thousand Units)
Chapter 6 Market Estimates & Forecast, By Unlocking Mechanism, 2021-2034 ($Mn) (Thousand Units)
Chapter 7 Market Estimates & Forecast, By Connectivity Type, 2021-2034 ($Mn) (Thousand Units)
Chapter 8 Market Estimates & Forecast, By Price Range, 2021-2034 ($Mn) (Thousand Units)
Chapter 9 Market Estimates & Forecast, By End Use, 2021-2034 ($Mn) (Thousand Units)
Chapter 10 Market Estimates & Forecast, By Distribution Channel, 2021-2034 ($Mn) (Thousand Units)
Chapter 11 Market Estimates & Forecast, By Region, 2021-2034 ($Mn) (Thousand Units)
Chapter 12 Company Profiles
Companies Mentioned
The companies featured in this Residential Smart Lock market report include:- Allegion Plc
- Amadas Inc.
- Assa Abloy AB
- August Home Inc.
- Avent Security
- Gantner Electronic GmbH
- Honeywell International Inc.
- Megadoorlock Technology Co., Ltd.
- Nord-Lock International AB
- Onity Inc.
- Salto Systems S.L.
- Samsung Electronics Co. Ltd.
- Spectrum Brands, Inc.
- Xiaomi Corporation
- ZKTeco USA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | April 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 3.09 Billion |
| Forecasted Market Value ( USD | $ 8.65 Billion |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
