Electronic Home Locks Market Report: Industry Trends, Size, Revenue, Applications, Types Company Profiles Analysis by 2030 Allegion, Honeywell, SAMSUNG

Published October 16, 2023

New Jersey, United States Electronic Home Locks Market Research Report for the period 2023 – 2030, Evaluating Size, Share, and Trends Across Various Types, Components, Applications, Growth Rates, and Regional Projections. Key companies, including Allegion, Honeywell, SAMSUNG and others, are profiled.

The global electronic home locks market is expected to grow at a CAGR of 19.6% from 2023 to 2030, to reach a value of USD 8.13 billion by 2030. The Electronic Home Locks market has witnessed substantial growth due to its pivotal role in enhancing residential security and convenience. Electronic home locks, also known as smart locks, offer advanced security features, keyless entry, remote access control, and integration with smart home systems. They have become a popular choice for homeowners seeking to upgrade their security and simplify access management. The market’s expansion is driven by the increasing awareness of smart home solutions, the desire for improved home security, and the growth of the home automation market.

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Top Leading Companies of Global Electronic Home Locks Market are Allegion, ASSA ABLOY, Honeywell International, SAMSUNG, Spectrum Brands, Vlocker, Eurolockers, Locktec UK, Ozone Safes, Lockers4U, KEBA, CP Lockers, Hangzhou Dongcheng Electronic.

Key trends and future scope –

Key trends including smart locks, biometric identification, and voice-activated locks are driving considerable development in the electronic house locks market. Due to its remote control capabilities and compatibility with other smart home gadgets, smart locks are gaining popularity and are thus necessary for connected and smart house applications. Traditional methods like passwords and PINs are becoming less secure than biometric authentication techniques like fingerprint and face recognition. Due to its practicality and use, voice-activated locks are likewise becoming more and more popular. Future market developments will likely involve the creation of new electronic house lock systems, their integration with blockchain and artificial intelligence systems, and a rise in the use of short-term rentals and shared housing. 

Market Segmentation:

By Types:


By Application:


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Regional Analysis:

The demand for Electronic Home Locks varies by region. North America, Europe, and Asia-Pacific are significant markets, driven by their tech-savvy populations, strong home security awareness, and smart home adoption rates. Asia-Pacific, particularly in countries like South Korea and Japan, is experiencing substantial growth due to its tech-driven culture and the expansion of smart home technology. Latin America and the Middle East are also showing potential as they embrace home automation and invest in residential security solutions.

Future Trends and Opportunities:

The future of the Electronic Home Locks market is highly promising. As the adoption of smart home technology continues to rise, the demand for advanced and interconnected electronic home locks will grow. Innovations in lock design, biometric recognition, and seamless integration with smart home ecosystems offer opportunities to develop more user-friendly and secure locking solutions. The expansion of IoT (Internet of Things) and the proliferation of home automation systems present prospects for electronic home locks to play a pivotal role in ensuring the security and convenience of modern homes.

Market Challenges and Risks:

Despite its growth potential, the Electronic Home Locks market faces challenges and risks. One major challenge is the need for continuous innovation to develop locks that are more secure, user-friendly, and resistant to hacking or tampering. Competition is intense, with various technologies and manufacturers vying for market share. Economic downturns and supply chain disruptions can impact production and lead to delays in delivery, affecting homeowners and the security industry. Intellectual property disputes and the risk of counterfeit products can hinder market growth and pose legal and financial consequences. Evolving government regulations and standards related to electronic home security and privacy can influence the development and deployment of electronic home locks. Data privacy and cybersecurity concerns are vital, as these locks often interact with home networks and store sensitive information, necessitating robust security measures to protect user data and maintain the integrity of home security systems.

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Extracts from Table of Content:

1.Electronic Home Locks Introduction and Market Overview

2.Electronic Home Locks Market, by Application

3.Electronic Home Locks Industry Chain Analysis

4.Electronic Home Locks Market, by Type

5.Industry Consumption, Export, Import by Regions

6.Industry Value by Region

7.Electronic Home Locks Market Status and SWOT Analysis by Regions

8.Major Region of Electronic Home Locks Market

9.Global Electronic Home Locks Sales

10.Global Electronic Home Locks Revenue & market share

11.Major Companies List

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