North America Smart Locks Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Padlocks, Deadbolt, Lever Handle, Others), Communication Technology (Wi-Fi, Bluetooth, NFC, Others), Application (Residential, Commercial, Industrial), and Country
Market Introduction
The smart locks provide comfort in their usage along with the combination of communication technology such as Bluetooth, Wi-Fi, and NFC. The rise in 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 relax their daily routines, this aspect is further boosting to the growth of the smart locks market in North America region during forecast period from 2020-2027.
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Market Overview and Dynamics
The North America Smart Locks market is projected to reach US$ 1,282.5 Mn by 2027 from US$ 529.7 Mn in 2019; it is expected to grow at a CAGR of 11.9% from 2020 to 2027. Increase in the number of smartphone users across the globe 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. . North America region is home to a large number of manufacturing and technology companies and thus the impact of coronavirus outbreak is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation in the US is going to impact the smart locks market growth of North America region in a negative manner for the next few quarters.
Key Market Segments
In terms of type, the deadbolt segment accounted for a larger share of the North America 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 North America 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 North America 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, ,among others.
Reasons to buy report
- It provides understanding of the North America, 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 North America 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 North America Smart Lock market.
- It provides market revenue forecast of the market based on various segments for the period from 2020 to 2027.
NORTH AMERICASMART LOCKS MARKET SEGMENTATION
North America Smart Locks Market, by Type
- Padlocks
- Deadbolt
- Lever Handle
- Others
North America Smart Locks Market, by Communication Technology
- Wi-Fi
- Bluetooth
- NFC
- Others
North America Smart Locks Market, by Application
- Residential
- Commercial
- Industrial
By Country
- US
- Canada
- Mexico
Company Profiles
TABLE OF CONTENTS
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 North America
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 Increase in Usage of Smartphone
5.1.2 Increase in Usefulness for Home Automation
5.2 Market Restraints
5.2.1 Lack of Awareness of Smart Locks
5.3 Market Opportunities
5.3.1 Rise in Adoption of IoT in Security Systems
5.4 Future Trends
5.4.1 Voice-Controlled Technology Combination in Smart Locks for Enhanced Capabilities
5.5 Impact Analysis of Drivers and Restraints
6. Smart Locks Market – North America Analysis
6.1 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 North America: Smart Locks Market, by Key Country
10.1.1.1 US: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 US: Smart Locks Market, by Type
10.1.1.1.2 US: Smart Locks Market, by Communication Technology
10.1.1.1.3 US: Smart Locks Market, by Application
10.1.1.2 Canada: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Canada: Smart Locks Market, by Type
10.1.1.2.2 Canada: Smart Locks Market, by Communication Technology
10.1.1.2.3 Canada: Smart Locks Market, by Application
10.1.1.3 Mexico: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Mexico: Smart Locks Market, by Type
10.1.1.3.2 Mexico: Smart Locks Market, by Communication Technology
10.1.1.3.3 Mexico: Smart Locks Market, by Application
11. Impact of COVID-19 Pandemic on Smart Locks Market
11.1 Overview
11.2 North America
12. North America Smart Locks Market-Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 HavenLock, 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 August Home
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 Samsung
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 Vivint Smart Home, Inc.
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 Wyze Labs, Inc.
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
13.7 U-tec Group Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Schlage
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 GANTNER Electronic GmbH
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 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. US: Smart Locks Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Smart Locks Market, by Communication Technology –Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Smart Locks Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada: Smart Locks Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Smart Locks Market, by Communication Technology –Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Smart Locks Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Smart Locks Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Smart Locks Market, by Communication Technology –Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico: Smart Locks Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. Smart Locks Market Segmentation
Figure 2. Smart Locks Market Segmentation – By Country
Figure 3. North America Smart Locks Market Overview
Figure 4. Deadbolts Segment Holds the Largest Market Share
Figure 5. Residential Segment Holds the Largest Market Share
Figure 6. North America – 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$ Billion)
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. North America: Smart Locks Market Revenue Share, By Key Country (2019 and 2027)
Figure 26. US: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Canada: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Mexico: Smart Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in North American Country Markets
- Havenlock Inc
- Honeywell International Inc
- August Home
- Wyze Labs, Inc.
- Samsung
- Honeywell International Inc.
- U-tech Group Inc
- Schlage
- Gantner Electronic GmbH
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