Global Deadbolt Smart Lock Market
Market Size in USD Billion
CAGR :
% 
USD
2.83 Billion
USD
13.18 Billion
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 2.83 Billion |
 Market Size (Forecast Year) |
USD 13.18 Billion |
 CAGR |
% |
| Major Markets Players |
Global Deadbolt Smart Lock Market Segmentation, By Communication Protocol (Wi-Fi, Bluetooth, Others), Vertical (Commercial, Residential, Institution and Government, Industrial) – Industry Trends and Forecast to 2032
Deadbolt Smart Lock Market Analysis
According to the FBI statistics, home robberies accounted for approximately 17.1% of all property crimes in 2020. By subcategorization, crime offenses victims suffered an estimated USD 3.4 billion in losses of property and forcible entry was involved in 56.7% of burglaries in 2020. These all the possibilities increase the demand for more secure and advanced security devices. The growing popularity of IoT and Internet penetration, are among the major factors which is creating a substantial opportunity for the growth of the deadbolt smart lock. Therefore, the market is projected to grow rapidly during the forecasted period.
Deadbolt Smart Lock Market Size
Global deadbolt smart lock market size was valued at USD 2.83 billion in 2024 and is projected to reach USD 13.18 billion by 2032, with a CAGR of 21.20% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes |
Deadbolt Smart Lock Key Market Insights |
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Segmentation |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Key Market Players |
ASSA ABLOY (Sweden), Allegion plc (Ireland), dormakaba Group (Switzerland), Spectrum Brands Holdings, Inc. (U.S.), Salto Systems S.L. (Spain), Carrier (U.S.), Cansec Systems Ltd. (Canada), GANTNER Group (UAE), Master Lock Company LLC (U.S.), Master Lock Company LLC (U.S.), Samsung (South Korea), SentriLock, (U.S.), Avent Security (Vietnam), DESSMANN Schliessanlagen GmbH (Singapore), Haven Lock, Inc (U.S.), Dahua Technology Co., Ltd (China) |
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Market Opportunities |
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Deadbolt Smart Lock Market Definition
A deadbolt smart lock is device which connects to the home's Wi-Fi network and allows it to receive the smartphone command or code to lock or unlock. Whereas some smart locks need to completely replace the entire lock system, others fit right over the existing lock system and only need some modifications.
Deadbolt Smart Lock Market Dynamics
Drivers
- Growth in Security Concerns
The rising adoption of smart home devices has lessened the concerns about property crimes because the people want security and privacy in their homes which deadbolt smart locks have provided. The persons must simply pair their deadbolt with bluetooth or Wi-Fi devices to gain access and easily connect with the phone. These deadbolt smart lock improve the security by using advanced presence detection, alert systems and durability. Quick authentication and Easy access have become the norm. Accordingly, the consumers' security concerns are expected to boost the growth of the deadbolt market.
Moreover, the speedy growth of home automation will further increase the demand of deadbolt smart lock in the market. Furthermore, the residential and commercial sectors highly adopt the smart phone based smart lock devices because this is able to quick logging and tracking, and upsurgethe efficiency of the market over the forecast period.
Opportunities
- Rising Awareness and Advent of Technologies
Moreover, the rising consumer awareness about the profits and convenience offered by these deadbolt smart locks will further create the profitable opportunities for the growth of the deadbolt during forecast period of 2025 to 2032.
Moreover, increasing the penetration towards Internet of Things (IoT) along with the advent of the several technologies such as Artificial Intelligence (A.I.) and Machine Learning (ML) will also expand the growth rate of the deadbolt smart lock market.
Restraints/Challenges
- High Costs of Smart Locks
The deadbolt smart locks are considerably more expensive than other traditional locks, which restrain the market's growth rate. Also, the installing cost of deadbolt smart locks is high, making it less likeable for consumers to invest in this smart lock, creating the major hindrances for the market growth rate.
- Threat of Hackers
The risk of hackers also hampers the consumers' perception of the dependability of deadbolt smart locks. Deadbolt Smart locks can become more vulnerable to the hackers if they are not updated with the device. As a result, these deadbolt smart lock device can be disrupted by the cyber attackers who can create bogus access codes by using smartphones. Therefore, this is also the major factor which are expected to challenge the deadbolt smart lock market.
This deadbolt smart lock market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the deadbolt smart lock market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Deadbolt Smart Lock Market Scope
The deadbolt smart lock market is segmented on the basis of communication protocol and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Communication Protocol
- Wi-Fi
- Bluetooth
- Others
Vertical
- Commercial
- Residential
- Institution and Government
- Industrial
Deadbolt Smart Lock Market Regional Analysis
The deadbolt smart lock market is analysed and market size insights and trends are provided by country, communication protocol and vertical as referenced above.
The countries covered in the deadbolt smart lock market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the deadbolt smart lock market in terms of revenue and market share. This is due to the growing concern among the people about the security along with the prevalence of tech savvy customers in this region.
Asia-Pacific is anticipated to be the fastest developing in the forecast period of 2025-2032 due to the rising number of smart city projects and growing demand of smart technology in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Deadbolt Smart Lock Market Share
The deadbolt smart lock market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to deadbolt smart lock market.
Deadbolt Smart Lock Market Leaders Operating in the Market Are:
- ASSA ABLOY (Sweden)
- Allegion plc (Ireland)
- dormakaba Group (Switzerland)
- Spectrum Brands Holdings, Inc. (U.S.)
- Salto Systems S.L. (Spain)
- Carrier (U.S.)
- Cansec Systems Ltd. (Canada)
- GANTNER Group (UAE)
- Master Lock Company LLC (U.S.)
- Master Lock Company LLC (U.S.)
- Samsung (South Korea)
- SentriLock (U.S.)
- Avent Security (Vietnam)
- DESSMANN Schliessanlagen GmbH (Singapore)
- Haven Lock, Inc., (U.S.)
- Dahua Technology Co., Ltd (China)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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