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Global Electronic Door Locks Market Share, Forecast: By Type: Deadbolts, Knobs, Lever; By Authentication Method: Biometric, Pin Code, Card Key; By End Use: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Electronic Door Locks Market Outlook
The global electronic door locks market size is assessed to grow at a CAGR of 7.8% between 2024 and 2032. The market is being driven by rapid infrastructural development and the growing adoption of smart home technology.
Key Trends in the Market
Electronic door locks, variously known as digital door locks, refer to door fixtures that can be locked or unlocked using electric current. Such locks are typically battery or electricity-operated and serve as a safe and convenient alternative to conventional mechanical locks. Some technologies used in electronic door locks are RFID, biometrics, and IoT, among others.
- The electronic door locks market demand is being aided by rising infrastructural development and the robust growth of the commercial and residential sectors. Besides, the emergence of technologies like IoT, big data, and AI is driving the development of electronic door locks with capabilities such as intelligent monitoring, voice unlocks, and face identification, among others.
- The electronic door locks market growth can be attributed to the rising cost-effectiveness and accessibility of digital locks. An increasing number of customers are opting for keyless and digital safety solutions as they offer convenience and record entries.
- The increasing launches of electronic door locks with advanced features such as volume indicators, fingerprint recognition, break-in alarms, spy codes, external power bank charging, and privacy modes, among others, are expected to aid the market in the forecast period.
- One of the prominent electronic door locks market trends is the surging adoption of smart home technology. Smart locks are equipped with innovative features, offer convenient and rapid door-opening experiences, and mitigate security risks. Moreover, they can be integrated with smart assistants to automate the closing and opening of homes.
In the forecast period, the growing proliferation of 5G technology is anticipated to enhance the capability of smart door locks integrated with Wi-Fi and Bluetooth technologies and improve the communication of these locks with smart home’s connected ecosystem.
Market Analysis
Based on type, the electronic door locks market segmentation includes deadbolts, knobs, and lever. On the basis of authentication method, the market can be divided into biometric, pin code, and card key.
By end use, the market is divided into residential, commercial, and industrial. The major regional markets for electronic door locks include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global electronic door locks market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Honeywell International Inc.
- Samsung Electronics Co., Ltd.
- Carrier Global Corporation
- ASSA ABLOY AB
- Avent Security (HK) Co., Ltd.
- Spectrum Brands Holdings, Inc.
- Vivint, Inc.
- SALTO Systems, S.L.
- Dormakaba International Holding AG
- Godrej & Boyce Manufacturing Co. Ltd.
- Others
Market Share by Authentication Method
Biometric electronic door locks account for a substantial portion of the electronic door locks market share as they allow users to scan their biological credentials to lock and unlock the door. Such locks use facial, fingerprint, iris, and voice recognition of users, making it difficult to fake their unique characteristics and tamper their locks.
Meanwhile, key card door locks are increasingly used in commercial applications due to their enhanced security and easy access to tracking. The affordability, convenience, and security of key cards make them ideal for use in electronic door locks. In addition, key card systems can be integrated with CCTV systems to provide additional benefits.
Market Share by End Use
As per the electronic door locks market analysis, the residential sector is expected to witness a healthy growth in the forecast period. Homeowners are increasingly integrating intelligent devices into their homes to enhance their convenience and security and automate several tasks. This is bolstering the installation of electronic door locks due to their features like keyless entry, remote access, and front door security.
Moreover, electronic door locks are widely preferred by homeowners to add an additional layer of protection and prevent break-ins. Such locks also empower users to keep track of their homes from anywhere, which proves beneficial during vacations.
Competitive Landscape
Avent Security (HK) Co., Ltd. is a manufacturer and supplier of smart door locks solutions. Its products are widely used by homeowners, project contractors, wholesale businesses, brand owners, and other commercial users. Headquartered in Guangdong, China, and established in 2013, the company is recognised for its high-quality and advanced password door locks, fingerprint door locks, and RF card hotel locks.
Spectrum Brands Holdings, Inc. is a company that offers innovative home essential products to customers. It is a prominent supplier of personal care products, residential locksets, speciality pet supplies, and small household appliances, among others. Some of its leading brands are Kwikset, Pfister, Healthy-Hide, and Spectracide, among others.
SALTO Systems, S.L., established in 2001, is a leading provider of advanced electronic locking solutions without mechanical keys and wires. A pioneer in smart electronic access control solutions, the company manufactures and develops reliable wireless electronic locking as well as access control smart solutions to offer enhanced comfort and security to people.
Other electronic door locks market players include Honeywell International Inc., Samsung Electronics Co., Ltd., Carrier Global Corporation, ASSA ABLOY AB, Vivint, Inc., Dormakaba International Holding AG, and Godrej & Boyce Manufacturing Co. Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Authentication Method |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electronic Door Locks Market Analysis
8.1 Key Industry Highlights
8.2 Global Electronic Door Locks Historical Market (2018-2023)
8.3 Global Electronic Door Locks Market Forecast (2024-2032)
8.4 Global Electronic Door Locks Market by Type
8.4.1 Deadbolts
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Knobs
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Lever
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Electronic Door Locks Market by Authentication Method
8.5.1 Biometric
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pin Code
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Card Key
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Electronic Door Locks Market by End Use
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Electronic Door Locks Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Electronic Door Locks Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electronic Door Locks Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Electronic Door Locks Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Electronic Door Locks Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Electronic Door Locks Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Honeywell International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Samsung Electronics Co., Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Carrier Global Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 ASSA ABLOY AB
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Avent Security (HK) Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Spectrum Brands Holdings, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Vivint, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SALTO Systems, S.L.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Dormakaba International Holding AG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Godrej & Boyce Manufacturing Co. Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electronic Door Locks Market: Key Industry Highlights, 2018 and 2032
2. Global Electronic Door Locks Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Electronic Door Locks Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Electronic Door Locks Historical Market: Breakup by Authentication Method (USD Million), 2018-2023
5. Global Electronic Door Locks Market Forecast: Breakup by Authentication Method (USD Million), 2024-2032
6. Global Electronic Door Locks Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Electronic Door Locks Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Electronic Door Locks Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Electronic Door Locks Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Electronic Door Locks Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Electronic Door Locks Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Electronic Door Locks Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Electronic Door Locks Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Electronic Door Locks Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Electronic Door Locks Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Electronic Door Locks Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Electronic Door Locks Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Electronic Door Locks Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Electronic Door Locks Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Electronic Door Locks Market Structure
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 7.8% between 2024 and 2032.
The major market drivers are rising infrastructural development and the growing accessibility and affordability of digital locks.
The rising adoption of smart home technology, increasing launches of electronic door locks with advanced features, and the surging proliferation of 5G technology are the key trends aiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Deadbolts, knobs, and lever are the different types of electronic door locks.
The several authentication methods of the product are biometric, pin code, and card key.
The significant end uses of electronic door locks are residential, commercial, and industrial.
The major players in the market are Honeywell International Inc., Samsung Electronics Co., Ltd., Carrier Global Corporation, ASSA ABLOY AB, Avent Security (HK) Co., Ltd., Spectrum Brands Holdings, Inc., Vivint, Inc., SALTO Systems, S.L., Dormakaba International Holding AG, and Godrej & Boyce Manufacturing Co. Ltd., among others.
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