The US Smart Lock Market is Segmented By End-User (Residential, Commercial), and Type (Deadbolt, Padlock).

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.

Global Market Share, 2025

Market Segment	Industry Share (%)
Top 3 (Assa Abloy, Allegion, Kwikset)	50%
Rest of Top 5 (Samsung, Xiaomi)	15%
Next 5 of Top 10 (Schlage, Yale, August, Lockly, Danalock)	20%
Emerging & Regional Brands (Niche Startups)	15%

As of 2023, the Chinese smart lock brand Xiaomi had a market share of almost 24 percent in the domestic market. Intelligent door locks are very popular among Chinese consumers. The most used identification method is password and fingerprint recognition.

The European Smart Lock Market Report is Segmented by Communication Technology (Wi-Fi, Bluetooth, Zigbee, Z-Wave, and Other Communication Technologies), Authentication Mode (Biometric, PIN Code/Keypad, RFID/NFC, and Other Authentication Modes), and Country (United Kingdom, Germany, France, Spain, Italy, Netherlands, and Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Smart Lock Market is expected to grow at a high CAGR during the forecast period 2024-2031

Global Smart Lock Market Share size & share value expected to touch USD 11.92 billion by 2032, to grow at a CAGR of 18.0% during the forecast period.

The U.S. smart locks market was valued at USD 999.12 million in 2023 and is expected to reach USD 2.33 billion by 2029, growing at a CAGR of 15.16%.

The global smart lock market is anticipated to increase from USD 2.82 billion in 2024 to USD 29.52 billion by 2037, reflecting a CAGR of around 19.8% during the forecast period, from 2025 to 2037. Key industry players include August Home, Avent Security, Cansec Systems Ltd., HavenLock, among others.

Analyze the market segmentation of the Smart Lock industry. Gain insights into market share distribution with a detailed breakdown of key segments and their growth.

In 2019, the size of the smart door lock market in China amounted to almost 28 billion yuan, a 23 percent increase to the previous year. Smart home security was one of the leading categories among smart home products. Other popular smart security products include smart security cameras, visual intercoms, and alarms.

The global smart locks market is poised for substantial expansion, increasing from USD 4,457.6 million in 2025 to USD 18,195.4 million by 2035. The market is expected to grow at a CAGR of 15.1% from 2025 to 2035.

Metric	Value
Industry Size (2025E)	USD 4,457.6 million
Industry Value (2035F)	USD 18,195.4 million
CAGR (2025 to 2035)	15.1%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	13.9%
H2 (2024 to 2034)	16.1%
H1 (2025 to 2035)	16.6%
H2 (2025 to 2035)	13.8%

Per Capita Spending on Smart Locks - Top 5 Countries

Countries	Population (millions)
United States	345.4
China	1,419.3
India	1,450.9
Japan	123.2
Germany	84.1

Countries	Estimated Per Capita Spending (USD)
United States	2.10
China	1.85
India	1.50
Japan	1.95
Germany	2.00

Country-wise Insights

Countries	CAGR (2025 to 2035)
USA	10.7%
Canada	12.6%
UK	19.4%
China	18.5%
India	21.1%

Category-wise Insights

Product Type	CAGR (2025 to 2035)
Deadbolt	12.2%

Sales Channel	CAGR (2025 to 2035)
Online Retailers	11.5%

According to Cognitive Market Research, the global Electronic Smart Lock market size is USD 2515.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 19.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 1006.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 754.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 578.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 125.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 50.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.7% from 2024 to 2031.
The Deadbolt Locks held the highest Electronic Smart Lock market revenue share in 2024.

Market Dynamics of Electronic Smart Lock Market

Key Drivers of Electronic Smart Lock Market

Surging Demand for Smart Homes to Increase the Demand Globally

Customers' use of smart technology is fueling the need for smart homes, and electronic smart locks are a vital entry point into this networked environment. These locks offer seamless interaction with other smart home devices, remote access control, and keyless entry. By providing ease, safety, and automation, they improve quality of life by letting homeowners easily control who can enter their houses from anywhere. Electronic smart locks are essential to converting conventional homes into contemporary, networked environments that meet homeowners' changing demands and tastes as smart home solutions become more widely used.

Growing Security Concerns to Propel Market Growth

Traditional locks are becoming a source of security issues because of their easily exploited flaws. By including cutting-edge features like multi-factor authentication, access logs, and remote monitoring capabilities, electronic smart locks address these problems. By strengthening security, these advancements give homeowners more control over who can enter their houses and a better sense of peace of mind. Electronic smart locks offer real-time security updates and the ability to monitor entry and exit actions remotely. This allows for preemptive responses to possible threats. Homeowners may confidently embrace smart technology because their properties are fortified with strong security features that prevent unwanted access and intrusion.

Restraint Factors Of Electronic Smart Lock Market

Security Vulnerabilities to Limit the Sales

Indeed, worries about possible hacking or security breaches continue despite the developments in smart lock technology. Manufacturers need to seriously consider putting strong cybersecurity safeguards in place toto resolve these vulnerabilities and preserve consumer confidence. To detect and address potential vulnerabilities, this calls for encryption techniques, frequent security updates, and stringent testing procedures. Additionally, encouraging openness on security protocols and giving users unambiguous instructions on recommended practices can improve security posture. Manufacturers that prioritize cybersecurity reduce the dangers associated with smart lock systems and show that they are committed to protecting consumer security and privacy in the increasingly linked world of smart home technologies.

Impact of COVID-19 on the Electronic Smart Lock Market

The COVID-19 epidemic had a major effect on the electronic smart lock market. Lockdowns and social distancing measures made contactless solutions and home automation even more important. As a result, there was a rise in the demand for smart locks as people looked for ways to minimize physical interaction while increasing convenience and security. But initially, market expansion was constrained by economic and supply chain uncertainty. However, as the epidemic continued, the market changed, and producers innovated to satisfy changing customer demands. The need for integrated smart home ecosystems and the trend toward remote work further drove mark...

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Smart Lock Market Size 2025-2029

The smart lock market size is forecast to increase by USD 2.09 billion at a CAGR of 11.4% between 2024 and 2029.

The market is experiencing significant growth due to the increasing adoption of home security solutions in smart homes and the integration with voice assistants and smart city ecosystems. Artificial intelligence and machine learning technologies are revolutionizing the industry, with biometric authentication and facial recognition becoming increasingly popular for enhanced security. The Wi-Fi segment is dominating the market, with wireless connectivity enabling remote access through smartphones and video surveillance systems. However, growing security and privacy threats necessitate strong data security measures, making it a crucial consideration for market participants. In summary, the market is driven by the proliferation of smart cities, integration with voice assistants and home automation, advanced security technologies, and the increasing demand for convenience and enhanced security.

What will be the Size of the Smart Lock Market During the Forecast Period?

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The market is experiencing strong growth as the Internet of Things (IoT) revolutionizes home security and automation. Smart locks, a key component of the smart home ecosystem, enable keyless entry via biometric authentication, RFID, or digital keys, enhancing convenience and security. IoT technology facilitates remote monitoring and integration with voice assistants like Google Assistant, allowing users to control their locks from anywhere.
The market is driven by increasing smart home adoption, with Wi-Fi and Bluetooth communication protocols becoming standard. Artificial intelligence and machine learning are also integral, providing advanced security features and personalized user experiences. The market size is substantial, with numerous players offering deadbolt locks, Wi-Fi communication, and RFID locks. Big data and 5G networks are expected to further boost market growth, ensuring continuous innovation and expansion.

How is this Smart Lock Industry segmented and which is the largest segment?

The smart lock industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Technology

  WiFi
  Bluetooth
  Zigbee
  Z-wave


End-user

  Commercial
  Residential


Type

  Lever handles
  Deadbolt locks


Product Type

  Keypad
  Touch based
  Card keys


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan


  South America



  Middle East and Africa

By Technology Insights

The WiFi segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the integration of Wi-Fi communication protocol and IoT technology. Smart locks offer keyless entry, biometric authentication, and remote monitoring, making them an essential component of home automation and smart homes. With the increasing adoption of smart home technology, the demand for Wi-Fi-enabled smart locks is increasing. These locks enable users to control and monitor their doors through smartphone apps or voice assistants like Google Assistant. Popular options include the Schlage Encode Smart WiFi Deadbolt and August WiFi Smart Lock. Wi-Fi technology allows users to manage access codes, receive real-time notifications, and interface with other IoT-enabled devices.

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The WiFi segment was valued at USD 677.60 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The North American market is currently leading the global market, driven by established companies such as August Home and Schlage. These firms offer advanced features like voice assistant integration, remote access control, and biometric authentication. Government initiatives, including regulations from the Federal Trade Commission (FTC) in the US, are promoting the adoption of smart locks for enhanced IoT device security. Manufacturers are responding by improving product lines and implementing strong cybersecurity measures. Keyless entry systems using PIN codes, IoT-enabled devices, and smart home ecosystems are also gaining popularity. Smart cities and hospitality segments are significant growth areas, with spending power and safety concerns driving demand.

For more insights on the m

The size and share of the market is categorized based on Application (Residential, Commercial, Hospitality, Others) and Product (Bluetooth-enabled, Wi-Fi-enabled, Zigbee-enabled, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Market Overview: The global smart lock market is poised to witness robust growth over the forecast period, with a CAGR of 15.60% from 2025 to 2033. In 2025, the market stood at USD 1532.85 million, and it is projected to reach USD xx million by 2033. The market expansion is primarily driven by the increasing demand for enhanced security solutions in residential, commercial, and government settings. Furthermore, the growing adoption of smart technologies and the rise of the Internet of Things (IoT) are further accelerating market growth. Growth Drivers and Trends: Key factors fueling market growth include the advancements in wireless technologies, such as Bluetooth, Wi-Fi, and NFC, enabling seamless connectivity and remote access. Additionally, the increasing penetration of smartphones and tablets is creating favorable conditions for user convenience. Furthermore, rising awareness of security concerns and the convenience associated with smart locks contribute to the market's expansion. The commercial segment is expected to dominate the market, primarily due to the high demand for advanced access control systems in offices, retail stores, and public buildings. Recent developments include: In June 2023, Wyze Labs announced plans to expand its smart lock manufacturing facility in China. The expansion is expected to create 300 new jobs and increase the company's production capacity by 40%. In June 2023, Wyze Labs and Google Nest announced a collaboration to bring smart locks to Google Nest's platform. This collaboration allows users of Google Nest to control their Wyze smart locks using the Nest app. In May 2023, Level and Rejuvenation collaborated to provide a wider range of smart lock design options for smart homes. By utilizing the advanced Level Bolt technology, the two companies have created a comprehensive collection of premium door sets that incorporate smart technology, ensuring round-the-clock security for homes. . Notable trends are: The use of IoT devices is growing is driving the market growth.

In 2019, China's smart door lock market size increased by 23 percent compared to the previous year. Along with the growing smart home market, many Chinese consumer turned to digital solutions to secure their home. The market size of smart locks had almost doubled since 2015.

The Japan Smart Lock Market Report is Segmented by Communication Technology (Wi-Fi, Bluetooth, Zigbee, Z-Wave, and Others) and Authentication Mode (Biometric, PIN Code/Keypad, RFID/NFC, and Others). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

According to Cognitive Market Research, The Global Commercial Digital Door Lock market will rise at a compound yearly growth rate (CAGR) of 13.10% from 2023 to 2030.

The demand for commercial digital door lock is rising due to the increasing adoption of smart connecting technologies.
The commercial digital door lock market's demand for growing need for identification, rising public awareness, and increasing safety and security.
The magnetic stripe locks category held the highest commercial digital door lock market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific commercial digital door lock market will experience the strongest growth until 2030.

Growing Adoption of Emerging Connecting Technologies Is a Prominent Market Driver

One of the key trends in the market is the rising implementation of progressive connecting technologies like Bluetooth, Z-wave, 5G networks, Zigbee, and others. Important players are embracing technology to enhance intelligent lock security systems for usage in homes and businesses.

In September 2022, In order to provide everyday smart home access, Yale Home unveiled Yale Assure Lock 2, its new flagship re-designed smart locks. Yale Assure Lock 2 connects Bluetooth and Wi-Fi to control the lock distance.

(Source:www.yalehome.com/us/en/stories/news/yale-home-launches-yale-assure-lock-2-reimagined-smart-lock-collection)

The rise of smart grids, IoT, and connectivity solutions further enhances CCS's appeal, offering seamless integration with renewable energy sources and grid management. It ensures efficient charging and contributes to reducing carbon emissions, aligning with global sustainability goals.

Increasing Investment in Industrial and Smart City Projects to Speed Up Market Growth

The market share is anticipated to increase as a result of investments in different smart city and industrial initiatives. In line with plans for smart cities, a number of industry firms, including August Home, DESSMANN, ASSA ABLOY AB, Godrej Group, and others, concentrate on door lock technologies and solutions for numerous governmental, commercial, and residential buildings. To increase the range of products they offer, its businesses want to carry out business methods including partnerships, mergers, and acquisitions. For instance,

ASSA ABLOY announced a collaboration with Bird Home Automation GmbH (DoorBird), a German high-grade IP door intercom manufacturer, to integrate ASSA ABLOY's smart solutions with IP door intercoms to accelerate its penetration in the smart residential home segment

(Source:www.securitysystemsnews.com/article/assa-abloy-acquires-germany-based-maker-of-doorbird)

Governments and corporations invest heavily in EV infrastructure, contributing to the market's growth. The integration of CCS into smart city initiatives and industrial developments is expected to accelerate market expansion, making CCS a crucial component of the sustainable mobility ecosystem.

Market Dynamics of Commercial Digital Door Lock

Lack of Knowledge About Intelligent Door Locks May Prevent Product Adoption

The commercial digital door lock market faces a notable restraint due to a lack of awareness about intelligent door locks. This obstacle hinders widespread product adoption. Many potential consumers remain uninformed about the benefits and features of these advanced security solutions. This knowledge gap leads to hesitancy in transitioning from traditional lock systems. Additionally, misconceptions or uncertainties regarding the technology may further deter potential buyers. To overcome this challenge, concerted efforts in education and marketing are crucial to enlighten the market about the advantages and functionalities of intelligent door locks, thus driving their acceptance and uptake.

Impact of COVID-19 on the Commercial Digital Door Lock

Growing demand for smart door locks during COVID-19 fueled market growth. The COVID-19 pandemic significantly increased the need for sophisticated home security systems to prevent infection or spread of the disease among people who are not utilising the recommended safeguards, such as masks or hand sanitizer. To stop the spread of the virus, people all over the world have started putting in smart home appliances that need less interaction with humans and are replacing conventional security systems. Introduction of Commercial Di...

In 2021, the Chinese electronics brand Xiaomi had an online market share of intelligent lock brands of over 23 percent in the domestic market. Compared to the previous year, the company lost a significant share of the market. Intelligent door locks are very popular among Chinese consumers. The most used identification method is password and fingerprint recognition.