Electronic Home Locks Market Size, Share & Trends Analysis Report By Product (Biometrics, Keypad, Others), By End-use (Residential, Industrial, Commercial, Institutional), By Region, And Segment Forecasts, 2024 - 2030

PUBLISHED: September 6, 2024

PAGES: 100 Pages

DELIVERY TIME: 2-10 business days

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Description

Electronic Home Locks Market Growth & Trends:

The global electronic home locks market size is expected to reach USD 5.68 billion by 2030, registering to grow at a CAGR of 8.1% from 2024 to 2030 according to a new report by Grand View Research, Inc. High demand for home automation and advanced security technologies, such as electronics home locks, is expected to be the key factors driving the market. Rising construction activities in developed countries including U.S., Germany, U.K., and France are also expected to assist in growth of this market.

Moreover, integration of innovative technologies, such as Near-Field Communication (NFC), Bluetooth, and voice and face recognition, is expected to boost the product demand. Key companies in the market are focusing on the development of advanced products to gain a competitive edge. For instance, ASSA ABLOY AB introduced a range of electronic locking solutions that features technologies, such as NFC. North America was the dominant regional market in 2018 and is estimated to retain its leading position throughout the forecast period.

The growth is attributed to the rapid expansion of the construction industry, especially in residential sector, in the region. However, Asia Pacific is projected to witness the fastest growth over the forecast period due to high demand for advanced security solutions. The product demand is driven by the increasing residential construction activities, trend of home automation, and disposable income levels in the region. In addition, rising number of branded retail outlets, especially in India and China, is anticipated to contribute to the market in growth.

Electronic Home Locks Market Report Highlights:

Biometric door locks use facial recognition, palm recognition, iris recognition, and fingerprint recognition technologies. These advanced attributes improve security and convenience in comparison to standard lock-and-key systems.
Keypad segment held the largest market revenue share of 45.8% in 2023. The demand for the keypad segment in the electronic home lock market is rising due to its convenience, security, and technological advancements.
Residential segment dominated the market in 2023. The growing concern for home security has driven homeowners to seek advanced security solutions, with electronic locks offering enhanced protection through features like remote access, biometric recognition, and real-time alerts.
Increasing usage of smartphones and exposure to digital media, especially in developing countries like India and China, are expected to augment the products sales through online channels
Prominent companies in the electronic home locks market are Vivint, Inc.; Honeywell International Inc.; Allegion; dormakaba Group; Godrej.com; Spectrum Brands, Inc.; Samsung; Salto Systems, S.L.; and Master Lock Company LLC.

Product Code: GVR-3-68038-370-6

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Electronic Home Locks Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Electronic Home Locks Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Consumer Behavior Analysis

4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Decisions
4.4. Consumer Product Adoption Trends
4.5. Observations & Recommendations

Chapter 5. Electronic Home Locks Market: Product Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Electronic Home Locks Market: Product Movement Analysis, 2023 & 2030 (USD Million)
5.3. Biometric
- 5.3.1. Biometric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Keypad
- 5.4.1. Keypad Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Others
- 5.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Electronic Home Locks Market: End Use Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Electronic Home Locks Market: End Use Movement Analysis, 2023 & 2030 (USD Million)
6.3. Residential
- 6.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Commercial
- 6.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Industrial
- 6.5.1. Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Institutional
- 6.6.1. Institutional Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Electronic Home Locks Market: Regional Estimates & Trend Analysis

7.1. Electronic Home Locks Market Share, By Region, 2023 & 2030 (USD Million)
7.2. North America
- 7.2.1. North America Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U. S.
  - 7.2.2.1. U. S. Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
  - 7.2.3.1. Canada Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3. Europe
- 7.3.1. Europe Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
  - 7.3.2.1. UK Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
  - 7.3.3.1. Germany Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
  - 7.3.4.1. France Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Italy
  - 7.3.5.1. Italy Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
  - 7.3.6.1. Spain Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Asia Pacific
- 7.4.1. Asia Pacific Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
  - 7.4.2.1. China Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. India
  - 7.4.3.1. India Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. Japan
  - 7.4.4.1. Japan Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
  - 7.4.5.1. Australia Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
  - 7.4.6.1. South Korea Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Latin America
- 7.5.1. Latin America Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 7.5.2. Brazil
  - 7.5.2.1. Brazil Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
  - 7.6.2.1. South Africa Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. UAE
  - 7.6.3.1. UAE Electronic Home Locks Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Vivint, Inc.
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Honeywell International Inc.
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Allegion
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. dormakaba Group
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Godrej.com
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Spectrum Brands, Inc.
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Samsung
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Salto Systems, S.L.
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Master Lock Company LLC
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. MIWA Lock Co.
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives