Semiconductor and Electronic Survey

The   Smart Lock Market   is anticipated to grow at a CAGR of 12.9% between 2022 and 2027, from an estimated value of USD 2.1 billion in 2022 to USD 3.9 billion by 2027. During the study period, market participants should benefit from the growing usage of IoT-based security systems and growing urban infrastructure in emerging nations. Major Tier I and II players such as ASSA ABLOY AB (Sweden), dormakaba Group (Switzerland), Spectrum Brands, Inc. (US), SALTO Systems, S.L. (Spain), Allegion plc (Ireland), and others are present in the global smart lock market. These companies are well-established in the North American, European, Asian, and global markets for smart locks. an increase in the use of smartphones and other linked devices The market for smart locks is strongly supported by the rising demand for tablets, smartphones, and other connected devices. Many wealthy economies are quickly adopting smartphones. The demand for smartphones will likely continue to be driven by emerging mark

The   Smart Lock Market   Size is anticipated to grow at a CAGR of 12.9% between 2022 and 2027, from an estimated value of USD 2.1 billion in 2022 to USD 3.9 billion by 2027. During the study period, market participants should benefit from the growing usage of IoT-based security systems and growing urban infrastructure in emerging nations. ASSA ABLOY AB (Sweden), dormakaba Group (Switzerland), Spectrum Brands, Inc. (US), SALTO Systems, S.L. (Spain), Allegion plc (Ireland), and others are significant Tier I and II companies in the global smart lock market. These companies are well-established in the North American, European, Asian, and global markets for smart locks. an increase in the use of smartphones and other linked devices The market for smart locks is strongly supported by the rising demand for tablets, smartphones, and other connected devices. Many wealthy economies are quickly adopting smartphones. The demand for smartphones will likely continue to be driven by emerging markets

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