South Korea Smart Lock Market Size & Outlook, 2026-2033
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South Korea smart lock market highlights
- The South Korea smart lock market generated a revenue of USD 38.2 million in 2025 and is expected to reach USD 278.8 million by 2033.
- The South Korea market is expected to grow at a CAGR of 28.1% 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 38.2 million |
| Market revenue in 2033 | USD 278.8 million |
| Growth rate | 28.1% (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, South Korea accounted for 1.2% 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.
South Korea is anticipated to witness a significant CAGR of 27.6% over the forecast period from 2023 to 2030. The trend of a luxurious lifestyle, accompanied by the trend of home automation, is expected to drive the growth of the market.
Moreover, the growing presence of smart lock services in the country is expected to add to the growth of the market in South Korea.
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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 |
South Korea 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 54.45% in 2025.
Horizon Databook has segmented the South Korea 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.
South Korea is anticipated to witness a significant CAGR of 27.6% over the forecast period from 2023 to 2030. The trend of a luxurious lifestyle, accompanied by the trend of home automation, is expected to drive the growth of the market.
Moreover, the growing presence of smart lock services in the country is expected to add to the growth of the market in South Korea.
- South Korea Smart Lock Market Product Outlook (Revenue, USD Million , 2021-2033)
- Deadbolt
- Lever Handle
- Padlock
- Server Locks & Latches
- Knob Locks
- Others
- South Korea Smart Lock Market Application Outlook (Revenue, USD Million , 2021-2033)
- Institutional & Government
- Transportation & Logistics
- Others
- Residential
- Commercial
- Industrial
- South Korea Smart Lock Market Protocol Outlook (Revenue, USD Million , 2021-2033)
- Bluetooth
- Wi-Fi
- Z-Wave
- Zigbee
- Others
- South Korea 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 South Korea Smart Lock Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Smart Lock Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Smart Lock Market, 2021-2033 (US$M)
South Korea smart lock market statistics, by product, 2021-2033 (US$M)
