Semiconductor and Electronic Survey

During the Forecast Period, market participants should benefit from the growing usage of IoT-based security systems and growing urban infrastructure in emerging nations. The  Smart Lock Market  includes major Tier I and II players like ASSA ABLOY AB (Sweden), dormakaba Group (Switzerland), Spectrum Brands, Inc. (US), SALTO Systems, S.L. (Spain), Allegion plc (Ireland), and others. These players have a strong market presence for Smart lock across various countries in North America, Europe, APAC, and RoW. Rising adoption of smartphones and other connected devices The market for smart locks is strongly supported by the rising demand for tablets, smartphones, and other connected devices. In many wealthy economies, smartphone use is growing quickly. The demand for smartphones will likely continue to be driven by emerging markets like China, India, Malaysia, and Indonesia. Companies are being encouraged to deliberately spend more in smartphone-based applications and mobile websites by the bo