At 16.5% CAGR, the Middle East & Africa Smart Door Lock Market is projected to be worth US$ 315.57 million by 2028, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa smart door lock market was valued at US$ 147.36 million in 2023 and is expected to reach US$ 315.57 million by 2028, registering a CAGR of 16.5% from 2023 to 2028. Rising adoption of smartphones and technological advancements in smart door locks are the critical factors attributed to the Middle East & Africa smart door lock market expansion.

According to Oberlo, an e-commerce company, the global count of smartphone users is estimated to reach ~6.8 billion in 2023, recording a 4.2% increase compared to 2022. From 2016 to 2023, the total number of global smartphone users has increased by an average of 9.5% annually. Oberlo also assumes that the global number of smartphone users would continue to rise and reach 7.1 billion by 2024. Such a large scale of smartphone adoption indicates people’s dependency on these devices, which is likely to benefit the Middle East & Africa smart door lock market, as owners can control these locks by using mobile apps installed on their smartphones. Considering this, various market players provide smart locks that can be specifically operated via smartphones. For example, the YDM 4115-A smart lock by Yale features a fingerprint pin code, key override, Bluetooth connectivity, and remote access through the Yale Access app. Similarly, LAVNA Locks provides LAVNA Smart Digital Lock L-A28 with Bluetooth connectivity, which can be accessed through a mobile app, fingerprint sensor, PIN, OTP, RFID card, and manual key. Further, Denler provides Denler DL04 smart lock, a Wi-Fi-enabled smart lock that can be remotely accessed by owners using a mobile phone app to unlock the door. Other unlocking options offered by this lock include a fingerprint scanner, RFID card, PIN, and manual key. In November 2022, Samsung, with its partner Zigbang, unveiled ultrawideband communication-based (UWB-based) smart door locks. This new smart lock is powered by a UWB chip which can be opened without touching the linked smartphone, as the lock detects a digital house key in the Samsung wallet on the phone. Thus, the rising smartphone adoption worldwide is raising the demand for smart locks, bolstering the growth of the Middle East & Africa smart door lock market.  

On the contrary, high cost of smart door locks hurdles the growth of Middle East & Africa smart door lock market.

Based on product, the Middle East & Africa smart door lock market is segmented into fingerprint locks, remote locks, and electronic cipher locks. The electronic cipher locks segment held 57.7% share of Middle East & Africa smart door lock market in 2023, amassing US$ 85.09 million. It is projected to garner US$ 190.68 million by 2028 to expand at 17.5% CAGR during 2023–2028.

Based on technology, the Middle East & Africa smart door lock market is segmented into wi-fi, Bluetooth, Z wave, and others. The Bluetooth segment held 36.9% share of Middle East & Africa smart door lock market in 2023, amassing US$ 54.43 million. It is projected to garner US$ 114.62 million by 2028 to expand at 16.1% CAGR during 2023–2028.

Based on end user, the Middle East & Africa smart door lock market is bifurcated into commercial and residential. The commercial segment held 62.7% share of Middle East & Africa smart door lock market in 2023, amassing US$ 92.35 million. It is projected to garner US$ 193.20 million by 2028 to expand at 15.9% CAGR during 2023–2028.  

Based on country, the Middle East & Africa smart door lock market is segmented into South Africa, Saudi Arabia, the UAE, and Rest of Middle East & Africa. Our regional analysis states that the UAE captured 46.4% share of Middle East & Africa smart door lock market in 2023. It was assessed at US$ 48.26 million in 2023 and is likely to hit US$ 103.91 million by 2028, exhibiting a CAGR of 16.6% during the forecast period.  

Key players profiles in the Middle East & Africa smart door lock market report ADEL Marketing (M) Sdn Bhd, Allegion Plc, Assa Abloy AB, Honeywell International Inc, Master Lock Company LLC, and Spectrum Brands Holdings Inc, among others.

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