Smart Lock Market

Smart Lock Market Market Outlook

Anticipated Market Size in 2022-US$ 4.31 Bn Expected Market Value in 2032-US$ 19 Bn Projected Value CAGR (2022-2032)-16%

Key Market Trends Voice controls Fully Keyless App Integration

Application By application, smart locks for residential usage will likely capture 68% market value,

Widely Sold

Deadbolt smart locks will experience the highest uptake, capturing over 46% revenue in 2022. References - https://www.factmr.com/report/4669/smart-lock-market

Turn static files into dynamic content formats.

Create a flipbook

Smart Lock Market

Published on Mar 24, 2022

Factmr

Smart Lock technology has the capability to make life simpler for professionals as well as to crack the emerging last-mile delivery problem. Many new innovations today are aiming to make homes smarter and everyday life easier, now achievable due to superior data analytics and the advent of artificial intelligence. The augmented penetration of smart devices in residential and commercial properties is reinforcing the growth of the smart locks market throughout the forecast period. The global smart lock market will grow at an impressive 16% CAGR to touch the US$ 19 Bn mark through 2032. Bulk of the smart lock industry revenue is likely to be generated by the United States, capturing over 3/5th of total demand. Visit the link for more info- https://www.factmr.com/report/4669/smart-lock-market #smartlock #lockmarket #technologymarketing #artificialintelligence #innovation #marketresearch #researchreport #factmr

Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.