Market Share of Smart Lock Industry
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
August Inc. (ASSA ABLOY AB)
Allegion plc (Schlage)
Salto Systems, S.L.
U-TEC Group Inc.
Yale Locks & Hardware
*Disclaimer: Major Players sorted in no particular order
