Smart Lock Market – Industry Analysis and Forecast (2019-2026)

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Maximize Market Research's latest report, " Global Smart Lock Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.

Global Smart Lock Market is expected to reach USD 2,895.60 Million by 2026 from USD XX Million in 2018 at a CAGR of XX%

Global Smart Lock Market Overview

The locking technology consisting of locks that can be operated with the help of unconventional means such as remote control and provide the user with alerts and tracking data about who entered or left the locked premise are called as smart locks.

Global Smart Lock Market is majorly segmented by type, communication proto-call, and industry vertical. By lock type, the market is segmented as Deadbolts, Lever Handles, Padlocks, and Other Locks. The market is segmented by communication proto-call, which includes Bluetooth, Wi-Fi, and Other Protocols. Under this, Bluetooth is expected to hold highest market share in the forecast period due to the ability of this protocol to maintain a balance between range, low power consumption, reliability, bandwidth, and cost. The Smart Lock is applicable in different verticals, including Commercial, Residential, Institution & Government, and Industrial.
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Global Smart Lock Market Major Market Players

• Spectrum Brands Holdings, Inc.
• Onity, Inc.
• Master Lock Company LLC
• August Home
• Schlage
• Honeywell International Inc.
• Panasonic Corporation
• Vivint, Inc.
• ASSA ABLOY AB
• UniKey Technologies Inc.
• Haven Lock, Inc.
• August Home
• Samsung SDS Co. Ltd.
• Allegion plc
• dorma+kaba Holding AG
• Salto Systems S.L.
• Cansec Systems Ltd.
• GANTNER Electronic GmbH
• MIWA Lock Co.
• SentriLock, LLC
• Avent Security

The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.

Segmentation of Global Smart Lock Market by Types and Applications:

Global Smart Lock Market, By Lock Type:

• Deadbolts
• Lever Handles
• Padlocks
• Other Locks (Knob locks, rim/mortise locks and rim cylinders, and rim latch locks)
Global Smart Lock Market, By Communication Protocol:

• Bluetooth
• Wi-Fi
• Other Protocols (Zigbee, Z-Wave, Thread, and NFC, among others)
Global Smart Lock Market, By Vertical:

• Commercial
• Residential
• Institution & Government
• Industrial
Global Smart Lock Market, By Geography:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
The report has covered the market size by country (regions) for the global Smart Lock market. Segment by Application. The Smart Lock Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.

Analysis of the Smart Lock Market Share and Competitive Landscape:

This report provides a detailed analysis of the Global Smart Lock Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.

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