- In April 2023, ASSA ABLOY Group, a global leader in access solutions, launched a strategic initiative in South Africa aimed at strengthening the security of residential and commercial properties through its advanced smart lock technologies. This initiative underscores the company's dedication to delivering innovative, reliable access control solutions tailored to the unique security needs of the local market. By leveraging its global expertise and cutting-edge product offerings, ASSA ABLOY is not only addressing regional challenges but also reinforcing its position in the rapidly growing global smart lock market
- In March 2023, HavenLock Inc., a veteran-led company based in Tennessee, introduced the Power G version of its smart locking system, specifically engineered for schools and commercial environments. The innovative Haven Lockdown System is designed to enhance security protocols, offering a reliable and effective solution for emergency situations. This advancement highlights HavenLock's commitment to developing cutting-edge safety technologies that safeguard vulnerable spaces, ensuring greater protection and peace of mind for institutions and their communities
- In March 2023, Honeywell International Inc. successfully deployed the Bengaluru Safe City Project, aimed at enhancing urban safety through its advanced smart lock and security technologies. This initiative harnesses state-of-the-art solutions to create a more secure and resilient city environment, underscoring Honeywell's dedication to utilizing its expertise in innovative security systems. The project highlights the increasing significance of smart technology in urban safety, contributing to the development of safer, smarter communities
- In February 2023, Sentrilock, LLC, a leading provider of electronic lockbox solutions for the real estate industry, announced a strategic partnership with the Chesapeake Bay and Rivers Association of REALTORS (CBRAR) to create a smart electronic lockbox marketplace for REALTOR members. This collaboration is designed to enhance security and streamline accessibility for real estate professionals, facilitating more efficient and secure property transactions. The initiative underscores Sentrilock's commitment to driving innovation and improving operational effectiveness within the real estate sector
- In January 2023, Schlage, a leading provider of access and home security solutions under Allegion Plc, unveiled the Schlage Encode Smart Wi-Fi Lever at the NAHB International Builders’ Show (IBS) 2023. This innovative residential smart lock, equipped with Wi-Fi connectivity, enables users to manage access remotely through a dedicated app. The Schlage Encode lever highlights the company’s commitment to integrating advanced technology into home security systems, offering homeowners enhanced convenience and control while ensuring robust security
Frequently Asked Questions
Companies such as Assa Abloy (Sweden), Allegion (Ireland), Kwikset (U.S.), Yale (Sweden), August Home (U.S.), Schlage (U.S.), are major players in smart lock market.
In March 2023, HavenLock Inc., a veteran-led company based in Tennessee, introduced the Power G version of its smart locking system, specifically engineered for schools and commercial environments
The countries covered in the smart lock market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of Middle East and Africa.
