Asia-Pacific Smart Locks Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Padlocks, Deadbolt, Lever Handle, and Others), Communication Technology (Wi-Fi, Bluetooth, NFC, and Others), Application (Residential, Commercial, and Industrial), and Country

TIPRE00012960 | Pages: 81 | Electronics and Semiconductor | Aug 2020 | Type: Regional | Status: Published

Market Introduction

The smart locks offer comfort in their usage along with the integration of communication technology such as Bluetooth, Wi-Fi, and NFC. The usage of smartphones has become an integral part of today's routines across emerging economies, as large number of users are acquiring these smart devices to ease their daily routines, this factor is further contributing to the growth of the smart locks market at a significant pace.


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Market Overview and Dynamics

The Asia-Pacific Smart Locks market is projected to reach US$ 1188.2 Mn by 2027 from US$ 360.40 Mn in 2019; it is expected to grow at a CAGR of 16.4% from 2020 to 2027. Upsurge in the number of smartphone users worldwide is further boosting the deployment of smart locks in the last few years owing to enhanced benefits such as easy user interface and convenience to the users. The ever-increasing awareness related to secure home solutions, the constant development of smart devices such as smartphones, rising disposable income of consumers, and booming internet services are some of the foremost factors driving the growth of the smart locks market.

 

 

Key Market Segments

In terms of type, the deadbolt segment accounted for a larger share of the Asia Pacific Smart Locks market in 2019. Bluetooth market segment held the largest share of the market, based on communication technology, in 2019.By application, residential accounted for a larger share of the Asia Pacific Smart Locks market in 2019.

 

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Smart Locks market in Asia-Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. A few of the major companies listed in the report are Gantner Electronic GmbH, Schlage, Wyze Labs, Inc, Samsung, Honeywell International Inc, Amadas Inc.

 

 

 

Reasons to buy report

  • It provides understanding of the Asia-Pacific, Smart Locks market landscape and identifies market segments that are most likely to guarantee a strong return.
  • It guides stay ahead of the race by comprehending the ever-changing competitive landscape for the Asia-Pacific Smart Locks market.
  • It helps efficiently plan merger and acquisition, and partnership deals in the Smart Locks market by identifying market segments with the most promising probable sales
  • It facilitates knowledgeable business decision-making through perceptive and comprehensive analysis of market performance of various segments pertaining to the Asia-Pacific Smart Lock smarket.
  • It provides market revenue forecast of the market based on various segments for the period from 2020 to 2027.

ASIA-PACIFIC SMART LOCKS MARKET SEGMENTATION

Asia-Pacific Smart Locks Market, by Type

  • Padlocks
  • Deadbolt
  • Lever Handle
  •  RFID

 

 

Asia-Pacific Smart Locks Market, by Communication Technology

  • Wi-Fi
  • Bluetooth
  •  NFC
  • Others

 

 

 

Asia-Pacific Smart Locks Market, by Application

  • Residential
  • Commercial
  • Industrial

 

 

By Country

 

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

 

Company Profiles

  • GANTNER Electronic GmbH
  • Schlage
  • Wyze Labs, Inc.
  • Samsung
  • Honeywell International Inc.
  • AMADAS Inc.

 

 

 

 

 

 

 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Smart Locks Market – By Type

1.3.2        Smart Locks Market – By Communication Technology

1.3.3        Smart Locks Market – By Application

1.3.4        Smart Locks Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Smart Locks Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        Asia Pacific

4.3         Ecosystem Analysis

4.4         Expert Opinion

4.5         Premium Insights

4.5.1        FiRa and CCC keys As Future Technology

5.           Smart Locks Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Adoption of Smartphone

5.1.2        Rise in Demand for Home Automation

5.2         Market Restraints

5.2.1        Lack of Awareness Regarding The Benefits Offered By Smart Locks

5.3         Market Opportunities

5.3.1        Growing Adoption of IoT in Security Systems

5.4         Future Trends

5.4.1        Voice-Controlled Technology Integration in Smart Locks for Enhanced Capabilities

5.5         Impact Analysis of Drivers and Restraints

6.           Smart Locks Market – Asia-Pacific Analysis

6.1         Smart Locks Market Asia-Pacific Overview

6.2         Smart Locks Market – Revenue and Forecast to 2027 (US$ Billion)

7.           Smart Locks Market Analysis – By Component

7.1         Overview

7.2         Smart Locks Market Breakdown, by Component, 2019 & 2027

7.3         Padlocks

7.3.1        Overview

7.3.2        Padlocks: Smart Locks Market –Revenue and Forecast to 2027 (US$ Million)

7.4         Deadbolts

7.4.1        Overview

7.4.2        Deadbolts: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Lever Handle

7.5.1        Overview

7.5.2        Lever Handle: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

7.6         Others

7.6.1        Overview

7.6.2        Others: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

8.           Smart Locks Market Analysis – By Communication Technology

8.1         Overview

8.2         Smart Locks Market Breakdown, by Communication Technology, 2019 & 2027

8.3         Wi-Fi

8.3.1        Overview

8.3.2        Wi-Fi: Smart Locks Market –Revenue and Forecast to 2027 (US$ Million)

8.4         Bluetooth

8.4.1        Overview

8.4.2        Bluetooth: Smart Locks Market –Revenue and Forecast to 2027 (US$ Million)

8.5         NFC

8.5.1        Overview

8.5.2        NFC: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

8.6         Others

8.6.1        Overview

8.6.2        Others: Smart Locks Market –Revenue and Forecast to 2027 (US$ Million)

9.           Smart Locks Market Analysis – By Application

9.1         Overview

9.2         Smart Locks Market Breakdown, by Application, 2019 & 2027

9.3         Residential

9.3.1        Overview

9.3.2        Residential: Smart Locks Market –Revenue and Forecast to 2027 (US$ Million)

9.4         Commercial

9.4.1        Overview

9.4.2        Commercial: SMART LOCKS Market –Revenue and Forecast to 2027 (US$ Million)

9.5         Industrial

9.5.1        Overview

9.5.2        Industrial: Smart Locks Market –Revenue and Forecast to 2027 (US$ Million)

10.        Smart Locks Market – Country Analysis

10.1.1     APAC: Smart Locks Market, by Key Country

10.1.1.1       China: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1       China: Smart Locks Market, by Type

10.1.1.1.2       China: Smart Locks Market, by Communication Technology

10.1.1.1.3       China: Smart Locks Market, by Application

10.1.1.2       India: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1       India: Smart Locks Market, by Type

10.1.1.2.2       India: Smart Locks Market, by Communication Technology

10.1.1.2.3       India: Smart Locks Market, by Application

10.1.1.3       Japan: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1       Japan: Smart Locks Market, by Type

10.1.1.3.2       Japan: Smart Locks Market, by Communication Technology

10.1.1.3.3       Japan: Smart Locks Market, by Application

10.1.1.4       South Korea: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.4.1       South Korea: Smart Locks Market, by Type

10.1.1.4.2       South Korea: Smart Locks Market, by Communication Technology

10.1.1.4.3       South Korea: Smart Locks Market, by Application

10.1.1.5       Australia: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.5.1       Australia: Smart Locks Market, by Type

10.1.1.5.2       Australia: Smart Locks Market, by Communication Technology

10.1.1.5.3       Australia: Smart Locks Market, by Application

10.1.1.6       Rest of APAC: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.6.1       Rest of APAC: Smart Locks Market, by Type

10.1.1.6.2       Rest of APAC: Smart Locks Market, by Communication Technology

10.1.1.6.3       Rest of APAC: Smart Locks Market, by Application

11.        Impact of COVID-19 Pandemic on Smart Locks Market

11.1      Overview

11.2      Asia-Pacific

12.        Asia-Pacific Smart Locks Market-Industry Landscape

12.1      Market Initiative

12.2      Merger and Acquisition

12.3      New Development

13.        Company Profiles

13.1      AMADAS Inc.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Honeywell International Inc.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Samsung

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Wyze Labs, Inc.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Schlage

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      GANTNER Electronic GmbH

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             China: Smart Locks Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 3.             China: Smart Locks Market, by Communication Technology –Revenue and Forecast to 2027 (US$ Million)

Table 4.             China: Smart Locks Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 5.             India: Smart Locks Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 6.             India: Smart Locks Market, by Communication Technology –Revenue and Forecast to 2027 (US$ Million)

Table 7.             India: Smart Locks Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 8.             Japan: Smart Locks Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Japan: Smart Locks Market, by Communication Technology –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Japan: Smart Locks Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 11.          South Korea: Smart Locks Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 12.          South Korea: Smart Locks Market, by Communication Technology –Revenue and Forecast to 2027 (US$ Million)

Table 13.          South Korea: Smart Locks Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 14.          Australia: Smart Locks Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 15.          Australia: Smart Locks Market, by Communication Technology –Revenue and Forecast to 2027 (US$ Million)

Table 16.          Australia: Smart Locks Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 17.          Rest of APAC: Smart Locks Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 18.          Rest of APAC: Smart Locks Market, by Communication Technology –Revenue and Forecast to 2027 (US$ Million)

Table 19.          Rest of APAC: Smart Locks Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 20.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Smart Locks Market Segmentation

Figure 2.           Smart Locks Market Segmentation – By Country

Figure 3.           Asia-Pacific Smart Locks Market Overview

Figure 4.           Deadbolts Segment Holds the Largest Market Share

Figure 5.           Residential Segment Holds the Largest Market Share

Figure 6.           Asia Pacific – PEST Analysis

Figure 7.           Ecosystem Analysis

Figure 8.           Expert Opinion

Figure 9.           Smart Locks Market Impact Analysis of Drivers and Restraints

Figure 10.        Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Smart Locks Market Breakdown, by Component (2019 and 2027)

Figure 12.        Padlocks: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Deadbolts: Smart Locks Market –Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Lever Handle: Smart Locks Market –Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Others: Smart Locks Market –Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Smart Locks Market Breakdown, by Communication Technology (2019 and 2027)

Figure 17.        Wi-Fi: Smart Locks Market –Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Bluetooth Market Revenue and Forecast to 2027 (US$ Million)

Figure 19.        NFC: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Others: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Smart Locks Market Breakdown, by Application (2019 and 2027)

Figure 22.        Residential: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Commercial: SMART LOCKS Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Industrial: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        APAC: Smart Locks Market Revenue Share, By Key Country (2019 and 2027)

Figure 26.        China: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        India: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Japan: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        South Korea: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        Australia: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Rest of APAC: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

 

  1. GANTNER Electronic GmbH
  2. Schlage
  3. Wyze Labs, Inc.
  4. Samsung
  5. Honeywell International Inc.
  6. AMADAS Inc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific Smart Locks market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific Smart Locks market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
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