2/20/2023 0 Comments Schlage keypad door lock![]() ![]() The smart locks market research report is one of a series of new reports that provides smart locks market statistics, including smart locks industry global market size, regional shares, competitors with a smart locks market share, detailed smart locks market segments, market trends and opportunities, and any further data you may need to thrive in the smart locks industry. The regions covered in the smart locks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. North America was the largest region in the smart locks market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period. It is used in residential, hospitality, enterprise, critical infrastructure, and other applications. The different communications technologies include Wi-Fi, Z-Wave, and Zigbee, and involve various authentication methods such as biometric, pin code, and RFID cards. The main types of products in the smart lock market are deadbolts, lever handles, padlocks, and others.A padlock refers to a lock that is used for fastening two things together. These locks can be connected to the home's Wi-Fi network, which allows it to receive the code or smartphone command to lock or unlock. The smart lock market consists of sales of smart locks by entities (organizations, sole traders, and partnerships) that are used for locking and unlocking doors using different technologies such as Wi-Fi and Bluetooth.Smart locks are keyless door locks that allow the door to be opened without the use of a physical key. The smart locks market is expected to grow to $3.87 billion in 2026 at a compound annual growth rate (CAGR) of 15.7%. ![]() ![]() The global smart locks market is expected to grow from $1.81 billion in 2021 to $2.16 billion in 2022 at a compound annual growth rate (CAGR) of 19.1%. 08, 2022 (GLOBE NEWSWIRE) - announces the release of the report "Smart Locks Global Market Report 2022". ![]()
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