Engineering Smart Door Lock Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 15.9% from 2024 to 2030.
The global engineering smart door lock market demonstrated substantial growth in 2022, valued at approximately USD 2.7 billion. This sector is projected to experience a robust compound annual growth rate (CAGR) of around 15.2% from 2023 to 2030. The expansion is primarily driven by rising security concerns, increased adoption of smart home technologies, and advancements in lock technology. The integration of Internet of Things (IoT) and artificial intelligence (AI) into smart door locks is enhancing their functionality, contributing to this growth trajectory. Market dynamics are also influenced by the expanding residential and commercial sectors, where smart door locks are becoming a staple in modern security solutions.
Opportunities within the smart door lock market are abundant, particularly in emerging regions where urbanization and technological adoption are accelerating. For instance, rapid urban development in countries across Asia-Pacific and Latin America presents significant growth prospects. Additionally, the rising trend of home automation and increasing disposable incomes are fueling demand for advanced security solutions. The market also sees potential in the integration of smart locks with other home automation systems, offering enhanced convenience and security. Emerging trends such as biometric authentication and voice-controlled systems further open avenues for innovation and market expansion.
Get an In-Depth Research Analysis of the Global Engineering Smart Door Lock Market Size And Forecast [2025-2032]
ASSA ABLOY Group
Allegion
Samsung
Salto Systems
Hafele
Dormakaba
Schlage
Honeywell
Tenon
Ezviz
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Engineering Smart Door Lock Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Engineering Smart Door Lock Market
Office Building
Hotel
Shopping Mall
Others
Based on Types the Market is categorized into Below types that held the largest Engineering Smart Door Lock market share In 2023.
Electronic Cipher Door Lock
Fingerprint Door Lock
Wi-Fi Door Lock
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Engineering Smart Door Lock Market Research Analysis
1. Introduction of the Global Engineering Smart Door Lock Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Engineering Smart Door Lock Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Engineering Smart Door Lock Market, By Type
6. Global Engineering Smart Door Lock Market, By Application
7. Global Engineering Smart Door Lock Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Engineering Smart Door Lock Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/