Global Smart Lock Market Size & Outlook, 2024-2030
Global smart lock market, 2018-2030 (US$M)
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Global smart lock market highlights
- The global smart lock market generated a revenue of USD 2,770.1 million in 2024 and is expected to reach USD 8,136.9 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 19.7% by 2030.
- In terms of segment, deadbolt accounted for a revenue of USD 1,419.0 million in 2024.
- Lever Handle is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 2,770.1 million |
| Market revenue in 2030 | USD 8,136.9 million |
| Growth rate | 19.7% (CAGR from 2025 to 2030) |
| Largest segment | Deadbolt |
| Fastest growing segment | Lever Handle |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deadbolt, Lever Handle, Padlock, Server Locks & Latches, Knob Locks |
Other key industry trends
- In terms of revenue, the North America accounted for 39.5% of the global smart lock market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 159.0 million by 2030.
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Smart Lock Market Scope
Smart Lock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Allegion PLC | View profile | 12400 | Harcourt Road, Iveagh Court, Block D, Dublin 2, Ireland, D02 VH94 | https://www.allegion.com |
| Fortune Brands Innovations Inc | View profile | 11700 | 520 Lake Cook Road, Suite 300, Deerfield, IL, United States, 60015-5611 | https://www.fbin.com |
| Assa Abloy AB Class B | View profile | 61282 | Klarabergsviadukten 90, P.O. Box 70340, Stockholm, Sweden, SE-107 23 | https://www.assaabloy.com |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Spectrum Brands Holdings Inc | View profile | 3100 | 3001 Deming Way, Middleton, WI, United States, 53562 | https://www.spectrumbrands.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
Global smart lock market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart lock market will help companies and investors design strategic landscapes.
Deadbolt was the largest segment with a revenue share of 51.23% in 2024. Horizon Databook has segmented the Global smart lock market based on deadbolt, lever handle, padlock, server locks & latches, knob locks covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Lock Product Outlook (Revenue, USD Million, 2018-2030)
- Deadbolt
- Lever Handle
- Padlock
- Server Locks & Latches
- Knob Locks
- Others
- Global Smart Lock Application Outlook (Revenue, USD Million, 2018-2030)
- Institutional & Government
- Transportation & Logistics
- Others
- Residential
- Individual Household
- Commonhold
- Commercial
- Hospitality
- Healthcare
- BFSI
- Enterprise
- Critical Infrastructure
- Educational Institution
- Industrial
- Manufacturing
- Energy & Utilities
- Oil & Gas
- Global Smart Lock Protocol Outlook (Revenue, USD Million, 2018-2030)
- Bluetooth
- Wi-Fi
- Z-Wave
- Zigbee
- Others
- Global Smart Lock Authentication Method Outlook (Revenue, USD Million, 2018-2030)
- Keypad
- Card Key
- Touch-based
- Key Fob
- Smartphone-based
- Biometric
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global smart lock market databook
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Our clientele includes a mix of smart lock market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global smart lock market , including forecasts for subscribers. This global databook contains high-level insights into Global smart lock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global smart lock market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart lock market size, 2023 (US$M)
Global smart lock market share, by type, 2023 & 2030 (%, US$M)
Smart lock market: Opportunity assessment by country
Global smart lock market, by region, 2024 (US$M)
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