Market Highlights:
The smart locks are automatic electromechanical locks which are used for locking and unlocking of functions on a door. Its offer various features for authentication process with wireless protocol and cryptographic key. The smart locks are mostly applicable in residential and commercial purposes. The smart locks usability are observed in various sector due to its strong durability against security attack and robbery incidents. The smart locks market is rapidly increasing in global regions due to advanced technology and integration of smart devices like tablets and smart phones in the developed countries. The market study is being classified by Type (Deadbolt, Lever Handle, Padlock and Others), by Application (Residential, Hospitality, Enterprise, Critical Infrastructure and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Smart Lock are Schlage (United States), Onity (United States), Panasonic Corporation (Japan), Vivint, Inc. (United States), ASSA ABLOY AB (Sweden), UniKey Technologies Inc. (United States), Haven Lock, Inc. (United States), August Home (United States), Spectrum Brands, Inc. (United States), Samsung SDS Co. Ltd (South Korea) and Allegion (Ireland).

Major Market Development Highlights
In December 2017, Assa abloy acquired August home, which help Assa abloy to expand its product portfolio in United States region and different lock configuration for smart home connectivity.
In September 24 2018, August and Yale launched a new advanced keypad smart locks which is beneficial in providing auto-unlock, universal voice assistant support, remote access, DoorSense and secure virtual keys. This product launch accumulated the market due to its various preference results.

Key Questions Answered in the Report
What will the Smart Lock Market size and the growth rate be in Future?
What are the key factors driving the Smart Lock Market?
What are the key market trends and macro-economic impacting the growth of the Smart Lock Market?
What are the challenges to market growth?
Who are the key vendors in the Smart Lock Market?
What are the market opportunities and threats faced by the vendors in the Smart Lock Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the Smart Lock Market?

Refer complete Table of Content of Smart Lock Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Lock market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Lock market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Smart Lock Manufacturers, Smart Lock Traders, End-Use Market Participants of Different Segments of Smart Lock, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.