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Smart Door Lock Market Size, Share & COVID-19 Impact Analysis, By Type (Deadbolt, Lever Handles, Padlock, and Others), By Product (Biometric Door Locks (Face Recognition, Palm Recognition, Iris Recognition, Fingerprint Recognition, Others), Smart Card Door Locks, Electric Strike Door Locks, and Others), By Connecting Technology (Wi-Fi, Bluetooth, ZigBee, and Others), By Application (Residential, Hospitality, Commercials, Government, Retail, Others), and Regional Forecast, 2023-2030

Last Updated :April 01, 2024 | Format: PDF | Report ID: FBI100215



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The global smart door lock market size was valued at USD 2.13 billion in 2022 and is projected to grow from USD 2.49 billion in 2023 to USD 8.21 billion by 2030, exhibiting a CAGR of 18.6% during the forecast period. North America dominated the global market with a share of 41.78% in 2022.

A smart lock is an advanced version of a traditional lock. This lock is a Bluetooth or Wi-Fi-enabled smart home device that enables users to lock and unlock doors with a finger or through a simple voice command. The smart door lock is operated wirelessly by a cryptographic key on authentication, providing access only to authorized personnel.

The smart lock system is being adopted in various homes and commercial buildings to offer an innovative approach to locking mechanisms and enhance user-friendliness. Additionally, the development of core technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), Big Data, and cloud-based applications will drive the smart door lock market growth. These advanced technologies will assist key players in developing innovative smart locks with various features.

Additionally, rising use of futuristic technologies by key players in various smart cities is expected to boost the market growth. For instance,

  • In July 2021, according to the White & Case smart cities survey, 16% of the mobile phone apps and 15% of AI and IoT technologies were deployed toward developing and initiating smart cities.

The report covers various smart door lock offered by market players such as ASSA ABLOY, Samsung Group, Panasonic Corporation, Guangdong Be-Tech Security Systems, Honeywell International, Inc., DESSMANN, The Chamberlain Group, Inc., Kaadas, Masterlock and others.


Rising Demand for Smart Door Locks during COVID-19 Fueled Market Growth

The COVID-19 pandemic played a key role in increasing the demand for advanced home security systems for infected people or individuals not taking necessary precautions, such as wearing masks or sanitization, causing further transmission. People across the world started installing smart home devices that require less human intervention and contact, and replaced traditional security systems to decrease the spread of the virus. For instance,

  • In December 2020, according to Park's Associates research, one-third of smart device owners in the U.S. broadband households started using smart home devices during the COVID-19 pandemic to reduce contact with traditional devices. This research found that around 46% of the U.S. broadband households deployed smart door locks.

Thus, the demand for smart security systems that provide autonomous and contactless features will propel the market growth.


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Increasing Adoption of Emerging Connecting Technologies Is a Prominent Trend

One of the key emerging trends in the market is the increasing implementation of progressive connecting technologies such as Bluetooth, Z-wave, 5G networks, Zigbee, and others. Key players are adopting these technologies to bring advancements in intelligent lock security systems for commercial and residential use. For instance,

  • In September 2022, Yale Home launched Yale Assure Lock 2, a new flagship collection of smart locks re-designed with modern technology to provide daily smart home access. Yale Assure Lock 2 connects with Bluetooth and Wi-Fi to control the lock remotely.


Surging Investment in Smart City and Industrial Projects to Accelerate Market Growth 

The rising investment in various smart city and industrial projects is expected to drive the market share. Major industry players, such as August Home, DESSMANN, ASSA ABLOY AB, Godrej Group, and others, are focusing on emerging door lock technologies and solutions for various government, commercial, and residential buildings under smart city plans. These companies plan to implement business strategies, such as acquisitions, mergers, and partnerships, to expand their product offerings. For instance,

  • In October 2022, ASSA ABLOY announced a collaboration with Bird Home Automation GmbH (DoorBird), a German high-grade IP door intercom manufacturer, to integrate ASSA ABLOY’s smart solutions with IP door intercoms to accelerate its penetration in the smart residential home segment.


Lack of Awareness about Intelligent Door Locks May Impede Product Adoption 

Although smart door locks offer several technological features, most users have security concerns. Also, the lack of awareness and high cost of intelligent door locks, mainly in rural areas, are likely to hinder the market's growth. Other factors, such as government rules & regulations and lack of implementation of advanced technologies are projected to hamper the market growth.


By Type Analysis

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Deadbolt Segment to Hold Maximum Market Share Backed by Rising Adoption in Residential Applications

Based on type, the market is divided into deadbolt, lever handles, padlock, and others. Among these, the deadbolt segment is expected to hold the largest share of the market. This growth is mainly due to the rising demand for door locks across residential buildings.

Lever handles, padlocks, and others (knob door locks) segments are set to record substantial CAGR during the forecast period, owing to the rising integration of connectivity technologies, such as Bluetooth, ZigBee, and others.

By Product Analysis

Biometric Door Locks to Hold Largest Market Share Owing to Rising Preference for Face, Iris, and Fingerprint Recognition

Based on product, the market is classified into biometric door locks, smart card door locks, electric strike door locks, and others. The biometric door lock segment is expected to capture a major share of the market. This growth is attributed to the rising adoption of biometric applications, such as face recognition, palm, iris, and fingerprint recognition. Smart card door locks, electric strike door locks, and other segments are predicted to exhibit a substantial growth rate owing to the rising implementation of Wi-Fi connecting technology.

By Connecting Technology Analysis

Increasing Investment by Startups to Launch Bluetooth-enabled Locks Will Drive Segment Growth

Based on connecting technology, the market is classified into Wi-Fi, Bluetooth, ZigBee, and others. The Bluetooth segment is expected to hold the maximum market share due to its hands-free technology features that detect an unlocking credential such as smartphone, a key fob, or other smart device nearby and increasing investment by startups to launch door locks equipped with Bluetooth technology. For instance,

  • In October 2022, Level, a smart lock startup launched Level Lock+ that supports unlocking through Level’s mobile app and touch via capacitive sensors

Additionally, the Wi-Fi and ZigBee segments are projected to grow considerably during the forecast period owing to the rising adoption of cloud-based home automation applications across residential buildings.

By Application Analysis

Residential Segment to Hold Largest Market Share Due to Increasing Demand for Smart Locks

Based on application, the market is divided into residential, hospitality, commercial, government, retail, and others. The residential segment is expected to hold the largest market share during the analysis period. Key market players are focusing on developing smart locks to cater to the rising demand for these products and increase accessibility features to dominate modern home security across residential spaces.

Furthermore, the increasing demand for intelligent door locks across smart building projects is expected to drive the growth of the commercial and government segments. For instance,

  • In December 2022, Fortune Brands Home & Security, Inc., a security & home products company, announced the acquisition of Schaub and Emtek, a luxury cabinet & door hardware business, and August and Yale residential smart home locks business for the U.S. and Canadian markets.


North America Smart Door Lock Market Size, 2022 (USD Billion)

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Based on region, the market has been divided among five prominent regions, North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

North America is expected to hold a major smart door lock market share. The region's growth is mainly due to the adoption of comprehensive technologies and rapid expansion of smart homes across countries, such as the U.S., Canada, and Mexico. Consumers’ increasing usage of products, such as smart speakers make them a target audience for any regional e-commerce business. For instance,

  • According to the Oberlo survey, around 60.4 million households in the U.S. are actively using smart home devices in 2023, and it is projected to grow to 48.4% in 2025.

Asia Pacific is predicted to be the fastest growing region owing to the rising number of smart city projects in countries, such as India, Japan, China, South Korea, ASEAN, Oceania, and others. Also, companies are launching advanced smart door locks to gain significant market share. For instance,

  • In February 2022, Xiaomi launched a Smart Door Lock E10 in China with features, such as a fingerprint scanner, NFC, and keypad to provide multiple ways to unlock the door. This door lock includes fingerprint recognition with 99% accuracy and a 0.5-second lag that can connect through Bluetooth and opens the door with a smartphone or smartwatch.

Europe is expected to register a substantial CAGR during the forecast period. This growth is credited to the rising investment in developing security door locks for government and critical infrastructure spaces in countries, such as the U.K., France, Benelux, Nordics, and Germany.

The Middle East & Africa and South America regions are predicted to grow significantly. The investments by key players and local governments in the Middle East & Africa region are rising at a notable rate. The acquisition will help create opportunities for major market players to set up manufacturing facilities and increase the workforce in countries such as South Africa, Turkey, Israel and North Africa.


Key Companies to Focus on Investments to Increase their Market Share

Key players in the global market, such as ASSA ABLOY AB, Honeywell International, Inc., Panasonic Corporation, Robert Bosch GmbH, Godrej Locking Solutions & Systems, and others, are focused on expanding their geographic presence by modifying their existing products and solutions, and launching new products to attract a large customer base. These strategies will help them gain a competitive edge and improve their revenue margins.

List of the Key Companies Profiled:

  • ASSA ABLOY (Sweden)

  • Samsung Group (South Korea)

  • Panasonic Corporation (Japan)

  • Guangdong Be-Tech Security Systems (China)

  • Honeywell International, Inc. (U.S.)

  • DESSMANN (China)

  • The Chamberlain Group, Inc. (LiftMaster, Chamberlain, Merlin and Grifco) (U.S.)

  • Kaadas (Australia)

  • Masterlock (U.S.)

  • August Home (U.S.)

  • Kwikset (U.S.)

  • Techlicious LLC. (U.S.)

  • Godrej Group (India)

  • Adel Marketing (M) Sdn. Bhd. (Malaysia)

  • SCHLAGE (U.S.)

  • HavenLock, Inc. (U.S.)

  • YALE (U.S.)

  • Xiaomi Corporation (China)

  • Latchable, Inc. (U.S.)


  • February 2023: Yale Home collaborated with Pantone, an American limited liability company, to bring its Pantone color, PANTONE Viva Magenta, to a Yale Assure Lock 2 model without compromising on the simplicity or security of a smart lock.

  • March 2023: Kwikset introduced Home Connect 620 smart lock on the ISC West program. This smart lock offers options, such as a 10-button keypad with one-touch locking to allow dealers to integrate safety into smart home environments.

  • December 2022: Samsung partnered with Zigbang, a prop-tech startup, to create a smart door lock by deploying an Ultra Wide Band chip. The Zigbang UWB digital key door lock is unlocked with a UWB chip, minimizing the smartphone's touch.

  • November 2022: Yale launched a new smart storage product to increase its smart home device range in India and spread the Yale Access of connected devices in this market. It launched a new product called the Yale Smart Safe, which is fully controllable through the Yale Access app.

  • September 2021: Assa Abloy acquired the Hardware and Home Improvement (HHI) business of Spectrum Brands, a hardware & security solutions provider, to enhance its product range and accelerate the switch from mechanical to digital solutions.


An Infographic Representation of Smart Door Lock Market

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The research report provides a detailed analysis of the market and focuses on key aspects, such as leading companies, product & services types, and top applications of the product. Furthermore, the report provides insights into the product offerings, trends, and technologies that are being deployed at a rapid pace at a global level. It further provides insights into the market’s drivers & restraints, helping the reader gain in-depth knowledge about the industry.

Report Scope & Segmentation



Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 18.6% from 2023 to 2030


Value (USD billion)


By Type, Product, Connecting Technology, Application, and Region

By Type

  • Deadbolt

  • Lever Handles

  • Padlock

  • Others (Knob)

By Product

  • Biometric Door Locks

    • Face Recognition

    • Palm Recognition

    • Iris Recognition

    • Fingerprint Recognition

    • Others (Voice Recognition)

  • Smart Card Door Locks

  • Electric Strike Door Locks

  • Others (Keypad Door Lock)

By Connecting Technology

  • Wi-Fi

  • Bluetooth

  • ZigBee

  • Other (Z Wave)

By Application

  • Residential

  • Hospitality

  • Commercials

  • Government

  • Retail

  • Others (Critical Infrastructure)

By Region

  • North America (By Type; By Product; By Connecting Technology; By Application; and By Country)

    • U.S.

    • Canada

    • Mexico

  • South America (By Type; By Product; By Connecting Technology; By Application; and By Country)

    • Brazil

    • Argentina

    • Rest of South America

  • Europe (By Type; By Product; By Connecting Technology; By Application; and By Country) 

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Benelux

    • Nordics

    • Rest of Europe

  • Middle East & Africa (By Type; By Product; By Connecting Technology; By Application; and By Country)

    • Turkey

    • Israel

    • GCC

    • North Africa

    • South Africa

    • Rest of the Middle East & Africa

  • Asia Pacific (By Type; By Product; By Connecting Technology; By Application; and By Country) 

    • China

    • India

    • Japan

    • South Korea

    • ASEAN

    • Oceania

    • Rest of Asia Pacific

Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 2.13 billion in 2022 and is projected to reach USD 8.21 billion by 2030.

In 2022, the North America market value stood at USD 0.89 billion.

Registering a CAGR of 18.6%, the market will exhibit significant growth during the forecast period of 2023-2030.

The deadbolt segment is expected to lead this market during the forecast period.

The surging investment in various smart city and industrials projects are expected to boost the growth of the market.

ASSA ABLOY, Samsung Group, Panasonic Corporation, Guangdong Be-Tech Security Systems, Honeywell International, Inc., DESSMANN, The Chamberlain Group, Inc., Kaadas and others are some of the major players in the global market.

North America held a dominant market share in 2022.

Asia Pacific is expected to exhibit the highest growth rate during the forecast period.

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