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Pulished Date April, 2021
ID: 9373
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Asia-Pacific Smart Locks Market - Industry Analysis on Size, Share, Trends, Growth & Forecast Report | 2021 - 2026

Pulished: April, 2021
ID: 9373
Pages: 110

Asia-Pacific Smart Locks Market Size, Share & Forecast (2021 - 2026)

The Asia-Pacific Smart Lock Market is estimated to grow in a significant way during the forecast period, recording the CAGR of around 10.6% during the forecast period of 2021 – 2026.

Smart Lock system is an electromechanical locking system that was is designed to perform locking and unlocking operations on doors when they receive such respective instructions from an authorized device using a protocol which is wireless and cryptographic key for executing the authorization process. These smart locks monitor access and send the alerts for different events that it follows and some other critical events related to the status of the device.

The significant growth of the target market in this region is attributed to the large smartphone consumer base coupled with the ease in availability of internet in the emerging economies that are in this region, especially in India, China, and Japan. The primary factor that is integrated with these smart locks is the Internet of Things (IoT) which is for establishing a connection between the objects. The rapid growth in the usage of smartphones has further propelled the connectivity of objects, which is a primary internet connection for home objects like door locks, fans, and lights, among others.

The significant surveys that are done by global societies, like United Parcel Service (UPS) and the United States' Consumer Technology Association, the smart cities are possessing the potential to become a major global development sector in the Asia Pacific region. Whereas, this region is enabled with the major technological advancements, urban needs, and government support, which are the essential requirements in the rapid development of smart cities for the target market. The Asia-Pacific smart lock market is mostly witnessing the traction in China and India owing to there are being the rapidly growing regions in APAC smart lock market.

Recent Developments

  • Spectrum Brands Holdings, Inc., a global consumer products company that offered the broad portfolio of leading brands and focused on driving innovation and exceptional customer service has completed the acquisition of HRG Group, Inc., which has announced earlier.

  • BRIEF-Dormakaba Holding, a global security group which it employs around 16,000 people in over 50 countries, has announced that it is selling GMT Hardware Co. Ltd. to Argus Holdings.

Drivers and Restraints of Asia-Pacific Smart Locks Market

The growth of the smart lock market in the Asia-Pacific region is attributed to the well-established technological infrastructure, high awareness in consumers, raising concerns about the security, increase support from the governments in China, India, & Japan, and the high investment from major IoT players.

Increasing urbanization & growing net household disposable income, rising awareness regarding the automated solutions, rapid adoption of internet-based services, developments in the communication technology & broadband services, and early adoption of the concept of the smart home in both the Indian and Chinese market are the major growth factors of the demand for smart locks in this region.

Market Segmentation of Asia-Pacific Smart Locks Market

  • End-Users: Commercial and Residential. By the Technologies Outlook, the target market is segmented into Bluetooth and Wi-Fi. And based on Product Types, the Asia-Pacific Smart Lock market is segmented into Deadbolts, Lever Handles, Padlocks, and Others.

  • Region: India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

The regional analysis of the Asia-Pacific smart lock market is segmented into India, China, Japan, and the rest of the APAC. The smart lock market in the Asia Pacific is likely to witness significant growth during the forecast period. The growth of the target market in this region is attributed to the rapid urbanization coupled with the increase in the net household disposable income, rapid adoption of internet-based services, advancements in communication technology & broadband services, and widespread adoption of the concept of the smart home in both India and China.

The Key Players of the Smart Lock Market in Asia-Pacific include the Honeywell International, Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Assa Abloy AB, Unikey Technologies Inc., HRG Group (Spectrum Brands, Inc.), Vivint, Inc., Allegion (Schlage), DAHUA Technology Co Ltd., Dormakaba Holdings AG, Hangzhou Hikvision Digital Technology Co., Ltd., Be-Tech Asia LTD., Shenzhen Vians Electric Lock Co., Ltd., Schlage, and Unikey Technologies Inc.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Lock Type                    

                                5.1.1 Introduction           

                                5.1.2 Deadbolts

                                5.1.3 Lever Handles        

                                5.1.4 Padlocks   

                                5.1.5 Other Locks            

                                5.1.6  Y-o-Y Growth Analysis, By Type    

                                5.1.7  Market Attractiveness Analysis, By Type  

                                5.1.8  Market Share Analysis, By Type    

                5.2 Type                              

                                5.2.1 Introduction           

                                5.2.2 Bluetooth

                                5.2.3 Wi-Fi          

                                5.2.4 Zigbee       

                                5.2.5 Z-Wave     

                                5.2.6 Thread      

                                5.2.7 NFC            

                                5.2.8 Other Protocols    

                                5.2.9 Y-o-Y Growth Analysis, By Communication Protocol             

                                5.2.10 Market Attractiveness Analysis, By Communication Protocol         

                                5.2.11 Market Share Analysis, By Communication Protocol           

                5.3 Verticals                       

                                5.3.1 Introduction           

                                5.3.2 Commercial            

                                5.3.3 Residential              

                                5.3.4 Institution & Government

                                5.3.5 Industrial 

                                5.3.6 Y-o-Y Growth Analysis, By Vertical                

                                5.3.7  Market Attractiveness Analysis, By Vertical             

                                5.3.8  Market Share Analysis, By Vertical               

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Lock Type

                                       By Communication Protocol

                                       By Verticals

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Lock Type

                                       By Communication Protocol

                                       By Verticals

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Lock Type

                                       By Communication Protocol

                                       By Vertical


                6.3 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Assa Abloy AB                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Allegion PLC               

                8.3 Spectrum Brands Holdings Inc.                           

                8.4 Onity Inc.                     

                8.5 Master Lock Company LLC                   

                8.6 MIWA Lock Co.                         

                8.7 Dessmann                   

                8.8 Gate                              

                8.9 ADEL Group                

                8.10 LockState                  

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         


                a) List of Tables                

                b) List of Figures


  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Component, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. AsiaPacific Smart Locks Market By Region, From 2021-2026 ( USD Billion )

  2. AsiaPacific Smart Locks Market By Lock Type, From 2021-2026 ( USD Billion )

  3. AsiaPacific Deadbolts Market By Region, From 2021-2026 ( USD Billion )

  4. AsiaPacific Lever Handles Market By Region, From 2021-2026 ( USD Billion )

  5. AsiaPacific Padlocks Market By Region, From 2021-2026 ( USD Billion )

  6. AsiaPacific Other Locks Market By Region, From 2021-2026 ( USD Billion )

  7. AsiaPacific Smart Locks Market By Communication Protocol, From 2021-2026 ( USD Billion )

  8. AsiaPacific Bluetooth Market By Region, From 2021-2026 ( USD Billion )

  9. AsiaPacific Wi-Fi Market By Region, From 2021-2026 ( USD Billion )

  10. AsiaPacific Zigbee Market By Region, From 2021-2026 ( USD Billion )

  11. AsiaPacific Z-Wave Market By Region, From 2021-2026 ( USD Billion )

  12. AsiaPacific Thread Market By Region, From 2021-2026 ( USD Billion )

  13. AsiaPacific NFC Market By Region, From 2021-2026 ( USD Billion )

  14. AsiaPacific Other Protocols Market By Region, From 2021-2026 ( USD Billion )

  15. AsiaPacific Smart Locks Market By Vertical, From 2021-2026 ( USD Billion )

  16. AsiaPacific Commertial Market By Region, From 2021-2026 ( USD Billion )

  17. AsiaPacific Residential Market By Region, From 2021-2026 ( USD Billion )

  18. AsiaPacific Institution & Government Market By Region, From 2021-2026 ( USD Billion )

  19. AsiaPacific Industrial Market By Region, From 2021-2026 ( USD Billion )


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