Australia Smart Lock Market Size & Outlook, 2026-2033
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Australia smart lock market highlights
- The Australia smart lock market generated a revenue of USD 50.0 million in 2025 and is expected to reach USD 358.9 million by 2033.
- The Australia market is expected to grow at a CAGR of 27.9% from 2026 to 2033.
- In terms of segment, deadbolt was the largest revenue generating product in 2025.
- Lever Handle is the most lucrative product segment registering the fastest growth during the forecast period.
Smart lock market data book summary
| Market revenue in 2025 | USD 50.0 million |
| Market revenue in 2033 | USD 358.9 million |
| Growth rate | 27.9% (CAGR from 2026 to 2033) |
| Largest segment | Deadbolt |
| Fastest growing segment | Lever Handle |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deadbolt, Lever Handle, Padlock, Server Locks & Latches, Knob Locks |
| Key market players worldwide | Fortune Brands Innovations Inc, Spectrum Brands Holdings Inc, Assa Abloy AB Class B, Allegion PLC, Carrier Global Corp Ordinary Shares, Honeywell International Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 1.5% of the global smart lock market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China smart lock market is projected to lead the regional market in terms of revenue in 2033.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 278.8 million by 2033.
Australia recorded a market share of 5.6% in 2022. The market growth is attributed to the increasing adoption of smart homes, the rise in urbanization, and the need for enhanced security applications in the region.
Moreover, the convenience of remote access to their homes is anticipated to fuel the smart lock market further.
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Publish Date: Jun 15, 2026
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Smart Lock Market Scope
Smart Lock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Spectrum Brands Holdings Inc | View profile | 3,100 | 3001 Deming Way, Middleton, WI, United States, 53562 | www.spectrumbrands.com |
| Carrier Global Corp Ordinary Shares | View profile | 53,000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | www.corporate.carrier.com |
| Assa Abloy AB Class B | View profile | 61,282 | Klarabergsviadukten 90, P.O. Box 70340, Stockholm, Sweden, SE-107 23 | www.assaabloy.com |
| Fortune Brands Innovations Inc | View profile | 11,700 | 520 Lake Cook Road, Suite 300, Deerfield, IL, United States, 60015-5611 | www.fbin.com |
| Allegion PLC | View profile | 12,400 | Harcourt Road, Iveagh Court, Block D, Dublin 2, Ireland, D02 VH94 | www.allegion.com |
Australia 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 Outlook will help companies and investors design strategic landscapes.
Deadbolt was the largest segment with a revenue share of 54.4% in 2025.
Horizon Databook has segmented the Australia smart lock market based on deadbolt, lever handle, padlock, server locks & latches, knob locks covering the revenue growth of each sub-segment from 2021 to 2033.
Australia recorded a market share of 5.6% in 2022. The market growth is attributed to the increasing adoption of smart homes, the rise in urbanization, and the need for enhanced security applications in the region.
Moreover, the convenience of remote access to their homes is anticipated to fuel the smart lock market further.
- Australia Smart Lock Market Product Outlook (Revenue, USD Million , 2021-2033)
- Deadbolt
- Lever Handle
- Padlock
- Server Locks & Latches
- Knob Locks
- Others
- Australia Smart Lock Market Application Outlook (Revenue, USD Million , 2021-2033)
- Institutional & Government
- Transportation & Logistics
- Others
- Residential
- Commercial
- Industrial
- Australia Smart Lock Market Protocol Outlook (Revenue, USD Million , 2021-2033)
- Bluetooth
- Wi-Fi
- Z-Wave
- Zigbee
- Others
- Australia Smart Lock Market Authentication Method Outlook (Revenue, USD Million , 2021-2033)
- Keypad
- Card Key
- Touch-based
- Key Fob
- Smartphone-based
- Biometric
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia Smart Lock Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Smart Lock Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Australia Smart Lock Market, 2021-2033 (US$M)
Australia smart lock market statistics, by product, 2021-2033 (US$M)
