Smart Lock Market 2019-2023 | Integration of HMI Technologies in Smart Locks to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#GlobalSmartLockMarket–Technavio has been monitoring the smart lock market and it is poised to grow by USD 8.62 billion during 2019-2023, progressing at a CAGR of 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.


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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Allegion Plc, APX Group Holdings Inc., ASSA ABLOY AB, dormakaba Holding AG, Honeywell International Inc., Napco Security Technologies Inc., Salto Systems SL, Samsung Electronics Co. Ltd., Spectrum Brands Holdings Inc., and Yunding Network Technology (Beijing) Co. Ltd are some of the major market participants. The integration of HMI technologies in smart locks will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Integration of HMI technologies in smart locks has been instrumental in driving the growth of the market.

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Smart Lock Market 2019-2023: Segmentation

Smart Lock Market is segmented as below:

■ End-user

■ Residential

■ Others

■ Geographic Landscape

■ APAC

■ Europe

■ MEA

■ North America

■ South America

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Smart Lock Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our smart lock market report covers the following areas:

■ Smart Lock Market Size

■ Smart Lock Market Trends

■ Smart Lock Market Analysis

This study identifies integration of advanced technologies in smart locks as one of the prime reasons driving the Smart Lock Market growth during the next few years.

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Smart Lock Market 2019-2023: Key Highlights

■ CAGR of the market during the forecast period 2019-2023

■ Detailed information on factors that will assist smart lock market growth during the next five years

■ Estimation of the smart lock market size and its contribution to the parent market

■ Predictions on upcoming trends and changes in consumer behavior

■ The growth of the smart lock market

■ Analysis of the market’s competitive landscape and detailed information on vendors

■ Comprehensive details of factors that will challenge the growth of smart lock market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

■ 2.1 Preface

■ 2.2 Preface

■ 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

■ Market ecosystem

■ Market characteristics

■ Market segmentation analysis

PART 04: MARKET SIZING

■ Market definition

■ Market sizing 2018

■ Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

■ Bargaining power of buyers

■ Bargaining power of suppliers

■ Threat of new entrants

■ Threat of substitutes

■ Threat of rivalry

■ Market condition

PART 06: MARKET SEGMENTATION BY END-USER

■ Market segmentation by end-user

■ Comparison by end-user

■ Residential – Market size and forecast 2018-2023

■ Others – Market size and forecast 2018-2023

■ Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

■ Geographic segmentation

■ Geographic comparison

■ APAC – Market size and forecast 2018-2023

■ North America – Market size and forecast 2018-2023

■ Europe – Market size and forecast 2018-2023

■ MEA – Market size and forecast 2018-2023

■ South America – Market size and forecast 2018-2023

■ Key leading countries

■ Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

■ Market drivers

■ Market challenges

PART 11: MARKET TRENDS

■ Rising number of strategic partnerships and alliances

■ Raising funds for smart lock startups through crowdfunding platforms

■ Integration of advanced technologies in smart locks

PART 12: VENDOR LANDSCAPE

■ Overview

■ Landscape disruption

■ Competitive scenario

PART 13: VENDOR ANALYSIS

■ Vendors covered

■ Vendor classification

■ Market positioning of vendors

■ Allegion Plc

■ APX Group Holdings Inc.

■ ASSA ABLOY AB

■ dormakaba Holding AG

■ Honeywell International Inc.

■ Napco Security Technologies Inc.

■ Salto Systems SL

■ Samsung Electronics Co. Ltd.

■ Spectrum Brands Holdings Inc.

■ Yunding Network Technology (Beijing) Co. Ltd.

PART 14: APPENDIX

■ Research methodology

■ List of abbreviations

■ Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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