The North America Smart Locks Market would witness market growth of 14.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,595.8 thousand units, showcasing a growth of 14.3% (2019-2022).
Smart locks are keyless electronic locks that communicate with other electronic devices within a household through Wi-Fi or Bluetooth connectivity. The locks can be opened with an electric fob or by installing the smart lock app for a smartphone. The user can transmit temporary keys to people, granting them entry to the residence for a set period. Smart lock technology is also distinctive and simpler to operate than conventional methods. Using ID numbers, passwords, mechanical locks, code words, and paper slips are some outdated technologies used before these locks. These methods are difficult to maintain. IoT connectivity enables these locks to synchronize access control with a user's smartphone.
These locks use digital access methods, such as smartphone connectivity, PIN codes, or biometric authentication, instead of physical keys. Convenience is increased by this keyless entry, which also enables users to grant service providers or guests temporary access remotely. The locks seamlessly integrate with broader smart home ecosystems, enabling users to create automated routines. For instance, unlocking the front door can trigger the lights to turn on and the thermostat to adjust to a preset temperature. Many locks are equipped with sensors and cameras that provide real-time monitoring of door activity. Users receive instant smartphone alerts, informing them about who is entering or leaving their premises, enhancing overall security awareness.
Mexico faces security challenges, including high crime rates and concerns about property theft. As a result, there is a growing interest in advanced security solutions such as these locks in Mexico. The growth of the middle class in Mexico has increased disposable incomes for many households. As people have more financial resources in Mexico, they are more likely to invest in home automation and security solutions, including these locks. Consumers are increasingly interested in creating interconnected and automated living spaces in Mexico. These locks, integral to smart home security, are adapted to fit into these ecosystems, allowing users to control and monitor their homes in Mexico remotely. Due to the above-mentioned factors, the market will grow significantly in this region.
The US market dominated the North America Smart Locks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,568.9 Million by 2030. The Canada market is experiencing aCAGR of 17% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 16% during (2023 - 2030).
Based on Technology, the market is segmented into Wi-Fi and Bluetooth. Based on Product, the market is segmented into Deadbolts, Lever Handles, Padlocks and Others. Based on End User, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Smart Locks Market is Predict to reach $6.4 Billion by 2030, at a CAGR of 15.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Zhejiang Dahua Technology Co., Ltd., Samsung Electronics Co., Ltd. (Samsung Group), Assa Abloy AB, Unikey Technologies Inc., Vivint Smart Home, Inc. (NRG Energy, Inc.), Allegion Plc, HavenLock Inc. and Salto Systems, S.L.
Scope of the Study
Market Segments Covered in the Report:
By Technology (Volume, Thousand Units, USD Billion, 2019-2030)
By Product (Volume, Thousand Units, USD Billion, 2019-2030)
- Deadbolts
- Lever Handles
- Padlocks
- Others
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Zhejiang Dahua Technology Co., Ltd.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Assa Abloy AB
- Unikey Technologies Inc.
- Vivint Smart Home, Inc. (NRG Energy, Inc.)
- Allegion Plc
- HavenLock Inc.
- Salto Systems, S.L.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Locks Market, by Technology
1.4.2 North America Smart Locks Market, by Product
1.4.3 North America Smart Locks Market, by End User
1.4.4 North America Smart Locks Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul – 2023, Nov) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. North America Smart Locks Market by Technology
5.1 North America Wi-Fi Market by Country
5.2 North America Bluetooth Market by Country
Chapter 6. North America Smart Locks Market by Product
6.1 North America Deadbolts Market by Country
6.2 North America Lever Handles Market by Country
6.3 North America Padlocks Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Smart Locks Market by End User
7.1 North America Commercial Market by Country
7.2 North America Residential Market by Country
Chapter 8. North America Smart Locks Market by Country
8.1 US Smart Locks Market
8.1.1 US Smart Locks Market by Technology
8.1.2 US Smart Locks Market by Product
8.1.3 US Smart Locks Market by End User
8.2 Canada Smart Locks Market
8.2.1 Canada Smart Locks Market by Technology
8.2.2 Canada Smart Locks Market by Product
8.2.3 Canada Smart Locks Market by End User
8.3 Mexico Smart Locks Market
8.3.1 Mexico Smart Locks Market by Technology
8.3.2 Mexico Smart Locks Market by Product
8.3.3 Mexico Smart Locks Market by End User
8.4 Rest of North America Smart Locks Market
8.4.1 Rest of North America Smart Locks Market by Technology
8.4.2 Rest of North America Smart Locks Market by Product
8.4.3 Rest of North America Smart Locks Market by End User
Chapter 9. Company Profiles
9.1 Unikey Technologies Inc.
9.1.1 Company Overview
9.2 HavenLock Inc.
9.2.1 Company Overview
9.3 Salto Systems, S.L.
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.2.2 Product Launches and Product Expansions:
9.4 Vivint Smart Home, Inc. (NRG Energy, Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.5 Honeywell International, Inc.
9.5.1 Company Overview
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 Zhejiang Dahua Technology Co., Ltd.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Product Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Samsung Electronics Co., Ltd. (Samsung Group)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.5 SWOT Analysis
9.8 Assa Abloy AB
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Allegion PLC
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
TABLE 1 North America Smart Locks Market, 2019 - 2022, USD Million
TABLE 2 North America Smart Locks Market, 2023 - 2030, USD Million
TABLE 3 North America Smart Locks Market, 2019 - 2022, Thousand Units
TABLE 4 North America Smart Locks Market, 2023 - 2030, Thousand Units
TABLE 5 Partnerships, Collaborations and Agreements– Smart Locks Market
TABLE 6 Product Launches And Product Expansions– Smart Locks Market
TABLE 7 Acquisition and Mergers– Smart Locks Market
TABLE 8 North America Smart Locks Market by Technology, 2019 - 2022, USD Million
TABLE 9 North America Smart Locks Market by Technology, 2023 - 2030, USD Million
TABLE 10 North America Smart Locks Market by Technology, 2019 - 2022, Thousand Units
TABLE 11 North America Smart Locks Market by Technology, 2023 - 2030, Thousand Units
TABLE 12 North America Wi-Fi Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Wi-Fi Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Wi-Fi Market by Country, 2019 - 2022, Thousand Units
TABLE 15 North America Wi-Fi Market by Country, 2023 - 2030, Thousand Units
TABLE 16 North America Bluetooth Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Bluetooth Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Bluetooth Market by Country, 2019 - 2022, Thousand Units
TABLE 19 North America Bluetooth Market by Country, 2023 - 2030, Thousand Units
TABLE 20 North America Smart Locks Market by Product, 2019 - 2022, USD Million
TABLE 21 North America Smart Locks Market by Product, 2023 - 2030, USD Million
TABLE 22 North America Smart Locks Market by Product, 2019 - 2022, Thousand Units
TABLE 23 North America Smart Locks Market by Product, 2023 - 2030, Thousand Units
TABLE 24 North America Deadbolts Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Deadbolts Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Deadbolts Market by Country, 2019 - 2022, Thousand Units
TABLE 27 North America Deadbolts Market by Country, 2023 - 2030, Thousand Units
TABLE 28 North America Lever Handles Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Lever Handles Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Lever Handles Market by Country, 2019 - 2022, Thousand Units
TABLE 31 North America Lever Handles Market by Country, 2023 - 2030, Thousand Units
TABLE 32 North America Padlocks Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Padlocks Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Padlocks Market by Country, 2019 - 2022, Thousand Units
TABLE 35 North America Padlocks Market by Country, 2023 - 2030, Thousand Units
TABLE 36 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Others Market by Country, 2019 - 2022, Thousand Units
TABLE 39 North America Others Market by Country, 2023 - 2030, Thousand Units
TABLE 40 North America Smart Locks Market by End User, 2019 - 2022, USD Million
TABLE 41 North America Smart Locks Market by End User, 2023 - 2030, USD Million
TABLE 42 North America Smart Locks Market by End User, 2019 - 2022, Thousand Units
TABLE 43 North America Smart Locks Market by End User, 2023 - 2030, Thousand Units
TABLE 44 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Commercial Market by Country, 2023 - 2030, USD Million
TABLE 46 North America Commercial Market by Country, 2019 - 2022, Thousand Units
TABLE 47 North America Commercial Market by Country, 2023 - 2030, Thousand Units
TABLE 48 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 49 North America Residential Market by Country, 2023 - 2030, USD Million
TABLE 50 North America Residential Market by Country, 2019 - 2022, Thousand Units
TABLE 51 North America Residential Market by Country, 2023 - 2030, Thousand Units
TABLE 52 North America Smart Locks Market by Country, 2019 - 2022, USD Million
TABLE 53 North America Smart Locks Market by Country, 2023 - 2030, USD Million
TABLE 54 North America Smart Locks Market by Country, 2019 - 2022, Thousand Units
TABLE 55 North America Smart Locks Market by Country, 2023 - 2030, Thousand Units
TABLE 56 US Smart Locks Market, 2019 - 2022, USD Million
TABLE 57 US Smart Locks Market, 2023 - 2030, USD Million
TABLE 58 US Smart Locks Market, 2019 - 2022, Thousand Units
TABLE 59 US Smart Locks Market, 2023 - 2030, Thousand Units
TABLE 60 US Smart Locks Market by Technology, 2019 - 2022, USD Million
TABLE 61 US Smart Locks Market by Technology, 2023 - 2030, USD Million
TABLE 62 US Smart Locks Market by Technology, 2019 - 2022, Thousand Units
TABLE 63 US Smart Locks Market by Technology, 2023 - 2030, Thousand Units
TABLE 64 US Smart Locks Market by Product, 2019 - 2022, USD Million
TABLE 65 US Smart Locks Market by Product, 2023 - 2030, USD Million
TABLE 66 US Smart Locks Market by Product, 2019 - 2022, Thousand Units
TABLE 67 US Smart Locks Market by Product, 2023 - 2030, Thousand Units
TABLE 68 US Smart Locks Market by End User, 2019 - 2022, USD Million
TABLE 69 US Smart Locks Market by End User, 2023 - 2030, USD Million
TABLE 70 US Smart Locks Market by End User, 2019 - 2022, Thousand Units
TABLE 71 US Smart Locks Market by End User, 2023 - 2030, Thousand Units
TABLE 72 Canada Smart Locks Market, 2019 - 2022, USD Million
TABLE 73 Canada Smart Locks Market, 2023 - 2030, USD Million
TABLE 74 Canada Smart Locks Market, 2019 - 2022, Thousand Units
TABLE 75 Canada Smart Locks Market, 2023 - 2030, Thousand Units
TABLE 76 Canada Smart Locks Market by Technology, 2019 - 2022, USD Million
TABLE 77 Canada Smart Locks Market by Technology, 2023 - 2030, USD Million
TABLE 78 Canada Smart Locks Market by Technology, 2019 - 2022, Thousand Units
TABLE 79 Canada Smart Locks Market by Technology, 2023 - 2030, Thousand Units
TABLE 80 Canada Smart Locks Market by Product, 2019 - 2022, USD Million
TABLE 81 Canada Smart Locks Market by Product, 2023 - 2030, USD Million
TABLE 82 Canada Smart Locks Market by Product, 2019 - 2022, Thousand Units
TABLE 83 Canada Smart Locks Market by Product, 2023 - 2030, Thousand Units
TABLE 84 Canada Smart Locks Market by End User, 2019 - 2022, USD Million
TABLE 85 Canada Smart Locks Market by End User, 2023 - 2030, USD Million
TABLE 86 Canada Smart Locks Market by End User, 2019 - 2022, Thousand Units
TABLE 87 Canada Smart Locks Market by End User, 2023 - 2030, Thousand Units
TABLE 88 Mexico Smart Locks Market, 2019 - 2022, USD Million
TABLE 89 Mexico Smart Locks Market, 2023 - 2030, USD Million
TABLE 90 Mexico Smart Locks Market, 2019 - 2022, Thousand Units
TABLE 91 Mexico Smart Locks Market, 2023 - 2030, Thousand Units
TABLE 92 Mexico Smart Locks Market by Technology, 2019 - 2022, USD Million
TABLE 93 Mexico Smart Locks Market by Technology, 2023 - 2030, USD Million
TABLE 94 Mexico Smart Locks Market by Technology, 2019 - 2022, Thousand Units
TABLE 95 Mexico Smart Locks Market by Technology, 2023 - 2030, Thousand Units
TABLE 96 Mexico Smart Locks Market by Product, 2019 - 2022, USD Million
TABLE 97 Mexico Smart Locks Market by Product, 2023 - 2030, USD Million
TABLE 98 Mexico Smart Locks Market by Product, 2019 - 2022, Thousand Units
TABLE 99 Mexico Smart Locks Market by Product, 2023 - 2030, Thousand Units
TABLE 100 Mexico Smart Locks Market by End User, 2019 - 2022, USD Million
TABLE 101 Mexico Smart Locks Market by End User, 2023 - 2030, USD Million
TABLE 102 Mexico Smart Locks Market by End User, 2019 - 2022, Thousand Units
TABLE 103 Mexico Smart Locks Market by End User, 2023 - 2030, Thousand Units
TABLE 104 Rest of North America Smart Locks Market, 2019 - 2022, USD Million
TABLE 105 Rest of North America Smart Locks Market, 2023 - 2030, USD Million
TABLE 106 Rest of North America Smart Locks Market, 2019 - 2022, Thousand Units
TABLE 107 Rest of North America Smart Locks Market, 2023 - 2030, Thousand Units
TABLE 108 Rest of North America Smart Locks Market by Technology, 2019 - 2022, USD Million
TABLE 109 Rest of North America Smart Locks Market by Technology, 2023 - 2030, USD Million
TABLE 110 Rest of North America Smart Locks Market by Technology, 2019 - 2022, Thousand Units
TABLE 111 Rest of North America Smart Locks Market by Technology, 2023 - 2030, Thousand Units
TABLE 112 Rest of North America Smart Locks Market by Product, 2019 - 2022, USD Million
TABLE 113 Rest of North America Smart Locks Market by Product, 2023 - 2030, USD Million
TABLE 114 Rest of North America Smart Locks Market by Product, 2019 - 2022, Thousand Units
TABLE 115 Rest of North America Smart Locks Market by Product, 2023 - 2030, Thousand Units
TABLE 116 Rest of North America Smart Locks Market by End User, 2019 - 2022, USD Million
TABLE 117 Rest of North America Smart Locks Market by End User, 2023 - 2030, USD Million
TABLE 118 Rest of North America Smart Locks Market by End User, 2019 - 2022, Thousand Units
TABLE 119 Rest of North America Smart Locks Market by End User, 2023 - 2030, Thousand Units
TABLE 120 Key Information – Unikey Technologies Inc.
TABLE 121 Key Information – HavenLock Inc.
TABLE 122 Key Information – Salto Systems, S.L.
TABLE 123 Key information –Vivint Smart Home, Inc.
TABLE 124 Key Information – Honeywell International, Inc.
TABLE 125 Key Information – Zhejiang Dahua Technology Co., Ltd.
TABLE 126 Key Information – Samsung Electronics Co., Ltd.
TABLE 127 Key Information – Assa Abloy AB
TABLE 128 Key Information – Allegion PLC
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Smart Locks Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Smart Locks Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul – 2023, Nov) Leading Players
FIG 7 Porter’s Five Forces Analysis – Smart Locks Market
FIG 8 North America Smart Locks Market share by Technology, 2022
FIG 9 North America Smart Locks Market share by Technology, 2030
FIG 10 North America Smart Locks Market by Technology, 2019 - 2030, USD Million
FIG 11 North America Smart Locks Market share by Product, 2022
FIG 12 North America Smart Locks Market share by Product, 2030
FIG 13 North America Smart Locks Market by Product, 2019 - 2030, USD Million
FIG 14 North America Smart Locks Market share by End User, 2022
FIG 15 North America Smart Locks Market share by End User, 2030
FIG 16 North America Smart Locks Market by End User, 2019 - 2030, USD Million
FIG 17 North America Smart Locks Market share by Country, 2022
FIG 18 North America Smart Locks Market share by Country, 2030
FIG 19 North America Smart Locks Market by Country, 2019 - 2030, USD Million
FIG 20 SWOT Analysis: Honeywell international, inc.
FIG 21 SWOT Analysis: Zhejiang Dahua Technology Co., Ltd.
FIG 22 SWOT Analysis: Samsung Electronics Co., Ltd
FIG 23 Recent strategies and developments: Assa Abloy AB
FIG 24 SWOT Analysis: Assa Abloy AB
FIG 25 SWOT Analysis: Allegion PLC