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Author: Jack Narcotta
Publication Date: Nov 07 2019
Pages: 26
Report Type: Report, PowerPoint
Smart Home

Smart Lock Market: Analysis, Trends, and Forecasts - November 2019




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UK visitors will be charged £2850

This report is available for individual purchase.
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Report Summary:

The smart lock market is arguably one of the most active smart home markets, second only perhaps to smart light bulbs. Dozens, if not hundreds of startups dot the competitive landscape, smaller companies such as Hampton and Danalock are implementing unique features, and established competitors such as Kwikset, Schlage, and Yale are taking note. In addition, the lock market’s potential has attracted software companies and service providers as well as hardware makers.

As increased competition drives down smart lock average selling prices over the next few years, Strategy Analytics believes the roles played by software and services will be elevated among leading smart lock companies, to the point that these companies may more closely resemble applications developers rather than hardware manufacturers. Hardware will continue to play an important role, though software that enables hands-free setup, fingerprint recognition, greater use of geofencing and mobile device GPS data, and more robust interoperability with other smart home devices and services will be top priorities.

This report highlights the key players and market dynamics driving the smart lock market globally, as well as in the US, Western Europe, Asia-Pacific, and Rest of World. It presents Strategy Analytics' latest smart lock units sold and consumer spending forecasts for each region out to 2023, with additional global and regional estimates for smart locks by radio type (Zigbee, Z-Wave, Wi-Fi, and Bluetooth Low Energy (BLE)).

Table of Contents

Overview and Outlook

Global

  • Market Assessment and Analysis
  • Forecast Data and Analysis
  • Smart Locks by Radio Type

US

  • Consumer Trends
  • Forecast Data and Analysis
  • Smart Locks by Radio Type

Western Europe

  • Consumer Trends
  • Forecast Data and Analysis
  • Smart Locks by Radio Type

Asia-Pacific

  • Consumer Trends
  • Forecast Data and Analysis
  • Smart Locks by Radio Type

Rest of World

  • Consumer Trends
  • Forecast Data and Analysis
  • Smart Locks by Radio Type

Power Players

  • Analysis of Kwikset, Schlage, and Yale

Device-centric Companies

  • Analysis of August, Danalock, Friday, Hampton, and others

Trends to Monitor

Summary


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