- Smart locks, offering electronic or digital access control for doors and gates, are increasingly vital components of modern home security and automation systems in both residential and commercial settings due to their enhanced convenience, remote access capabilities, and seamless integration with smart home ecosystems
- The escalating demand for smart locks is primarily fueled by the widespread adoption of smart home technologies, growing security concerns among consumers, and a rising preference for the convenience of keyless entry
- North America dominates the Global Technical Textile Market with the largest revenue share of 40.01% in 2024, characterized by early smart home adoption, high disposable incomes, and a strong presence of key industry players, with the U.S. experiencing substantial growth in smart lock installations, particularly in new smart homes and multi-dwelling units, driven by innovations from both established tech companies and startups focusing on AI and voice-activated features.
- Asia-Pacific is expected to be the fastest growing region in the Global Technical Textile Market during the forecast period due to increasing urbanization and rising disposable incomes
- Deadbolt segment dominates the Global Technical Textile Market with a market share of 43.2% in 2024, driven by its established reputation for security and ease of retrofit into existing door setups
