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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Wireless Door Lock System Market Outlook

The global wireless door lock system market reached a value of about USD 1.32 billion in 2023. The industry is further expected to grow at a CAGR of about 9% in the forecast period of 2024-2032 to reach a value of around USD 2.87 billion by 2032.   

Global Wireless Door Lock System Market

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North America Leading the Wireless Door Lock System Market

North America is expected to lead the global for wireless door lock systems due to growing expenditures on smart automation technologies and the presence of advanced security infrastructure. Businesses in the United States are now using smart and secure wireless locks to automatically lock or unlock classrooms, lecture halls, operating rooms, hotel rooms, laboratories, and storage facilities to enhance security. Asia Pacific is emerging as the fastest-growing area due to the increasing adoption of a wireless door lock system in response to growing smart home markets and rapid economic development.

Wireless Door Lock System: Market Segmentation

Wireless door locks are devices used to lock and unlock doors without the need for electrical wiring. They are normally operated by internal battery support systems.

Global Wireless Door Lock System Market  By End Use

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Based on component, the industry can be divided as follows:

  • Hardware
  • Software

The connectivity can be segmented as follows:

  • Scanners
  • Locks
  • Transceivers
  • Batteries
  • Others

It finds end-uses in the following sectors:

  • Commercial
  • Government
  • Industrial
  • Residential
  • Others

The regional markets for wireless door lock system can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Wireless Door Lock System Market  By Region

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Rising Demand for Smart Homes Bolstering the Market Growth

The demand for smart homes has risen dramatically in developed regions over the last five years due to the growing usage of smartphones and other smart devices. Residential protection is a big concern for people living in multi-family apartments. Smart home solutions include sophisticated security technologies such as security alarms, sensors, electronic locks, and cameras, along with other smart features. People are embracing systems with advanced security features integrated in their smart homes and seeing them as a value-added service for improved quality of life. These factors enable electronic lock vendors to innovate in their lock solutions, which in turn stimulate the growth of the wireless door lock industry.

Key Industry Players in the Global Wireless Door Lock System Market

The report gives a detailed analysis of the following key players in the global wireless door lock system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Johnson Controls Plc
  • Hanman International Pte Ltd
  • Godrej & Boyce Manufacturing Company Limited
  • SentriLock, LLC
  • Honeywell International Inc.
  • Centurion Systems
  • SALTO System
  • Others

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.

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:

  • Component
  • Connectivity
  • End Use
  • Region
Breakup by Component
  • Hardware
  • Software
Breakup by Connectivity
  • Scanners
  • Locks
  • Transceivers
  • Batteries
  • Others
Breakup by End Use
  • Commercial
  • Government
  • Industrial
  • Residential
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Johnson Controls Plc
  • Hanman International Pte Ltd
  • Godrej & Boyce Manufacturing Company Limited
  • SentriLock, LLC
  • Honeywell International Inc.
  • Centurion Systems
  • SALTO System
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market reached a value of USD 1.32 billion in 2023. 

The market is projected to grow at a CAGR of 9% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 2.87 billion by 2032. 

The market is being driven by factors like changing lifestyles of the consumers and the rising penetration of smartphones.

The increased demand for residential protection and the rising adoption of smart homes are the key trends in the market. 

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The components of wireless door lock systems are hardware and software.

The various connectivities include scanners, locks, transceivers, and batteries, among others.

The various end uses for the market are commercial, government, industrial, and residential, among others.

The key players in the global wireless door lock system market are Johnson Controls Plc, Hanman International Pte Ltd, Godrej & Boyce Manufacturing Company Limited, SentriLock, LLC, Honeywell International Inc., Centurion Systems, and SALTO System, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124