Smart Lock Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Smart Door Lock Market Share and is Segmented By Communication Technology (Wi-Fi, Bluetooth, Zigbee, Z-Wave), Authentication Methods (Biometric, Pin Code, RFID Cards), End-user Applications (Commercial, Residential, Educational Institutes & Government, Industrial), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Smart Lock Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Smart Lock Market Size

Smart Lock Market Summary
Study Period 2022 - 2030
Market Size (2025) USD 3.23 Billion
Market Size (2030) USD 6.61 Billion
CAGR (2025 - 2030) 15.40 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Smart Lock Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Smart Lock Market with other markets in Technology, Media and Telecom Industry

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Smart Lock Market Analysis

The Smart Lock Market size is estimated at USD 3.23 billion in 2025, and is expected to reach USD 6.61 billion by 2030, at a CAGR of 15.4% during the forecast period (2025-2030).

The increasing adoption of smart home architecture worldwide, including features like remote access, voice control, and seamless connectivity, is further propelling the adoption of smart locks for residential premises. Additionally, the eliminated need to carry the mechanical keys around has attracted the likes of residential owners.

  • The expansion of smart home adoption on a global scale and the rise of businesses that offer home automation technology are further factors in the rising demand for smart locks. The industry's participants concentrate on developing cutting-edge techniques and commercially viable goods, such as remote locking and opening windows, doors, and doors.
  • Additionally, manufacturers pair their products with such devices as the number of households with voice assistants increases steadily, enabling voice control of locks. Customers are anticipated to become more popular due to these advancements as they increasingly look for sophisticated and straightforward locking/unlocking solutions. A growing number of properties must be identified and certified, including individual homes, hotels, supermarkets, banks, financial institutions, corporate buildings, and commercial buildings.
  • The increasing penetration of smartphones is also stimulating the growth of connected devices, which enable users to remotely access their door locks and unlock the doors using various related mobile apps. According to Oberlo, an e-commerce company, there are currently 3.5 billion smartphone users worldwide, and the penetration rate is approximately 45.4% of the global population of 7.7 billion people. Simply put, four out of every ten people in the world are currently equipped with a smartphone.
  • Amid various driving factors, the growth of the smart locks market could face challenges, owing to the prevailing vulnerability to hacking and increasing threats of cybercrimes, as smart locks, in particular, is a popular target for cybercriminals. For instance, in July this year, According to security researchers with NCC Group, there were 11 security problems affecting Nuki intelligent lock systems, including ones that could let intruders unlock doors. Such instances instill a sense of insecurity among casual users.
  • The COVID-19 pandemic has led to a nosedive in investments in the ICT industry, particularly in the Internet of Things, 5G technologies, and other emerging technologies. Players in the smart lock market are forced to restrict their operational expenses. They have witnessed a reduction in hiring and capital budgets as well. Moreover, discretionary consumer spending in this scenario has also lowered the sales of smart locks. The scenario for this market looks bleak, and it is expected to witness a slowdown, which is projected to continue until the second quarter of the last year.

Smart Lock Industry Overview

The Smart Lock Market is consolidated as it is still in its nascent stage with fewer adoptions across the globe. However, the market poses various growth opportunities to smart lock providers due to the increasing need for home and building security. Hence, the market players, such as August Inc., Yale Locks & Hardware, Allegion PLC, Salto Systems, S.L., and U-TEC Group Inc., are consistently innovating to provide innovative products in the market to gain maximum market traction in the forecast period.

  • February 2022 - AtiQx Holding B.V. has been fully acquired by Dormakaba, expanding its core business and services operations in the Netherlands. AtiQx is one of the leading suppliers of electronic access control and labor management in the relevant market.
  • April 2022 - On Wyze's website, Wyze Lock Bolt was officially released (wyze.com). The latest security technology from Lockin is used to create the new product. The third co-branding venture between the two businesses is Wyze Lock Bolt.

Smart Lock Market Leaders

  1. August Inc. (ASSA ABLOY AB)

  2. Allegion plc (Schlage)

  3. Salto Systems, S.L.

  4. U-TEC Group Inc.

  5. Yale Locks & Hardware

  6. *Disclaimer: Major Players sorted in no particular order
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Smart Lock Market News

  • September 2022 - The first over-the-air remotely charged smart locks are now widely accessible to commercial developers of real estate in the United States and Canada, according to an announcement made today by Alfred International Inc., the intelligent lock innovator with industry-leading designs and flexibility, and Wi-Charge, the pioneer in long-range wireless power solutions. In the commercial and residential markets, Alfred ML2 smart mortise locks with wireless power options are establishing new benchmarks for safety, security, and automation. After extensive internal testing and live pilot installations, the locks have been certified.
  • October 2022 - The next version of its top-tier range of smart lock products, Level Lock+, was unveiled by Level Home Inc. the business is reinventing the smart home. Once the owner's home key has been registered to Apple Wallet, Level Lock+, which is exclusive to Apple, effortlessly incorporates Apple's home keys technology, enabling owners to securely lock and open their homes by touching their iPhone or Apple Watch to their Level Lock+. The Level Lock+ can provide top-notch security with everyday ease and stunning design thanks to Apple Home keys, which fully utilize the privacy and security capabilities integrated into the iPhone and Apple Watch.

Smart Lock Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Market Drivers
    • 4.4.1 Increasing Safety and Security Concerns
    • 4.4.2 Increasing Adoption of Smart Home Architecture
  • 4.5 Market Challenges
    • 4.5.1 Increasing Cyber Security and Hacking Threats

5. ASSESSMENT OF COVID-19 IMPACT

  • 5.1 Market Overview - Trends, Developments, and Market Projections
  • 5.2 Market Drivers
  • 5.3 Market Challenges

6. MARKET SEGMENTATION

  • 6.1 Communication Technology
    • 6.1.1 Wi-Fi
    • 6.1.2 Bluetooth
    • 6.1.3 Zigbee
    • 6.1.4 Z-Wave
  • 6.2 Authentication Method
    • 6.2.1 Biometric
    • 6.2.2 Pin Code
    • 6.2.3 RFID Cards
  • 6.3 End-user Application
    • 6.3.1 Commercial
    • 6.3.2 Educational Institutions & Government
    • 6.3.3 Industrial
  • 6.4 Geography
    • 6.4.1 Europe
    • 6.4.2 Asia Pacific
    • 6.4.3 North America
    • 6.4.4 Rest of the World

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 August Inc.
    • 7.1.2 Yale Locks & Hardware
    • 7.1.3 Allegion PLC (Schlage)
    • 7.1.4 Salto Systems SL
    • 7.1.5 Hanman International Pte Ltd
    • 7.1.6 Dormakaba Group
    • 7.1.7 U-TEC Group Inc.
    • 7.1.8 Kwikset (Spectrum Brands Inc.)
    • 7.1.9 Lockly
    • 7.1.10 Master Lock Company LLC
    • 7.1.11 Nuki Home Solutions
    • 7.1.12 Netatmo (Legrand)
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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Smart Lock Industry Segmentation

A smart lock is an electromechanical locking device that enables users in various industries to remotely access and unlock the lock to enter the premises. It can be accessed by connecting it to smartphones and other smart devices through various communication technologies like Wi-Fi, Bluetooth, Zigbee, or Z-Wave. It allows remote authentication to verified and authorized users.

The Smart Lock Market is Segmented By Communication Technology (Wi-Fi, Bluetooth, Zigbee, Z-Wave), Authentication Methods (Biometric, Pin Code, RFID Cards), End-user Applications (Commercial, Residential, Educational Institutes & Government, Industrial), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Communication Technology Wi-Fi
Bluetooth
Zigbee
Z-Wave
Authentication Method Biometric
Pin Code
RFID Cards
End-user Application Commercial
Educational Institutions & Government
Industrial
Geography Europe
Asia Pacific
North America
Rest of the World
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Smart Lock Market Research FAQs

How big is the Smart Lock Market?

The Smart Lock Market size is expected to reach USD 3.23 billion in 2025 and grow at a CAGR of 15.40% to reach USD 6.61 billion by 2030.

What is the current Smart Lock Market size?

In 2025, the Smart Lock Market size is expected to reach USD 3.23 billion.

Who are the key players in Smart Lock Market?

August Inc. (ASSA ABLOY AB), Allegion plc (Schlage), Salto Systems, S.L., U-TEC Group Inc. and Yale Locks & Hardware are the major companies operating in the Smart Lock Market.

Which is the fastest growing region in Smart Lock Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Smart Lock Market?

In 2025, the North America accounts for the largest market share in Smart Lock Market.

What years does this Smart Lock Market cover, and what was the market size in 2024?

In 2024, the Smart Lock Market size was estimated at USD 2.73 billion. The report covers the Smart Lock Market historical market size for years: 2022, 2023 and 2024. The report also forecasts the Smart Lock Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Smart Lock Industry Report

The Global Smart Door Lock Market report provides a comprehensive market overview, focusing on the market segmentation by communication technology such as Wi-Fi, Bluetooth, Zigbee, and Z-Wave. It also delves into various authentication methods, including biometric, pin code, and RFID cards, catering to diverse end-user applications like commercial, residential, educational institutes & government, and industrial sectors.

The market report highlights the significant market growth and market forecast, emphasizing the industry trends and market outlook. The industry analysis reveals the market leaders and their respective market shares, offering insights into the market value and market predictions. The report also includes industry statistics and industry size, providing a detailed market review and market data.

This market research is supported by industry reports and industry research, which offer a thorough industry outlook and industry information. The report pdf is available for download, providing a sample of the industry analysis as a report example. The market segmentation is detailed, covering key geographical regions such as North America, Europe, Asia-Pacific, and the Rest of the World.

The market forecast outlook to the future is based on historical data and current market trends, ensuring a comprehensive understanding of the market dynamics. The market sizes and market shares are presented in terms of value, offering a clear picture of the market landscape. The report also discusses the market growth rate, industry sales, and the impact of various market leaders on the global market.

Overall, this report serves as a valuable resource for research companies and stakeholders, providing an in-depth analysis of the smart door lock market and its future prospects.