Increasing number of smartphone users is also fueling the product demand. Moreover, these locks offer wireless connectivity, which can send security alerts to the user on connected devices, enabling them to monitor the systems remotely. The products are also equipped with advanced features, such as waterproof keypad, data storage, recording access history, and adding and deleting users remotely.
MARKET DYNAMICS
Integration of advanced technologies, such as Bluetooth and face recognition, is one of the key factors boosting the product demand. Increasing demand for smart security systems owing to rising trend of connected homes, especially in developed countries like the U.S., Canada, Germany, and the U.K., is further expected to fuel the market growth.
MARKET SCOPE
The "Global Home electronic locks Market Analysis to 2028" is a specialized and in-depth study of the Home electronic locks market with a special focus on the global market trend analysis. The report aims to provide an overview of Home electronic locks market with detailed market segmentation by product type, connectivity, authentication method. The global Home electronic locks market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Home electronic locks market player and offers key trends and opportunities in the Home electronic locks market.
MARKET SEGMENTATION
The global Home electronic locks market is segmented on the basis of product type, connectivity, authentication method. On the basis of product type, market is segmented as strikes, deadbolts and latches, lever locks, others. On the basis of connectivity, market is segmented as Bluetooth, Wi-Fi, NFC, Others. On the basis of authentication method, market is segmented as biometrics, keypad, RFID, others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Home electronic locks market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Home electronic locks market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Home electronic locks market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Home electronic locks market in these regions.
MARKET PLAYERS
The reports cover key developments in the Home electronic locks market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Home electronic locks market are anticipated to lucrative growth opportunities in the future with the rising demand for Home electronic locks market. Below mentioned is the list of few companies engaged in the Home electronic locks market.
The report also includes the profiles of key Home electronic locks market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Allegion plc,
- August Home
- Be-Tech Security Systems Ltd
- Godrej
- Guangzhou Lightsources Electronics Technology Limited(LILIWISE)
- Honeywell International Inc
- HUNE Lock
- Postscape LLC (Smart Lock Scout)
- SAMSUNG SDS
- Spectrum Brands Holdings, Inc.(Kwikset)
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.