The global smart locks market is expected to experience significant growth, with its valuation projected to increase from approximately USD 4.46 billion in 2025 to around USD 18.20 billion by 2035. This expansion reflects a compound annual growth rate (CAGR) of 15.1% during the forecast period. The growing demand for enhanced security solutions in residential, commercial, and industrial settings is the primary driver fueling market growth. Smart locks provide convenient, keyless access control, which appeals to consumers seeking both safety and ease of use.
The rapid adoption of smart home technologies is accelerating the integration of smart locks into modern living spaces. These devices are favored for their sleek designs and compatibility with home automation systems, allowing users to remotely monitor and control access through smartphones and other connected devices. The convenience of features such as biometric authentication, keypad entry, and voice control further enhances their appeal.
In commercial environments, smart locks are increasingly implemented to manage access in offices, retail outlets, and hospitality sectors. These systems offer scalability, centralized control, and detailed access logs, which improve security management and reduce risks associated with traditional lock-and-key mechanisms. Growing concerns around theft, unauthorized access, and workplace safety drive adoption in these sectors.
Market segmentation includes various types of smart locks, such as Bluetooth-enabled, Wi-Fi-enabled, biometric, and RFID-based locks. Bluetooth and Wi-Fi-enabled smart locks are dominant due to their widespread connectivity and user-friendly interfaces. Biometric locks are gaining traction for high-security applications, providing advanced authentication methods like fingerprint and facial recognition.
In January 2025, Schlage unveiled the Sense Pro Smart Deadbolt at CES 2025, marking its first smart lock to support ultra-wideband (UWB) technology and the Aliro standard for hands-free unlocking. This advancement allows precise device location detection, enabling automatic door unlocking as users approach without manual input. The Sense Pro also integrates Matter compatibility and offers alternative unlocking methods, including NFC and app control, enhancing user convenience and security. This innovation positions Schlage at the forefront of smart lock technology.
Sustainability and energy efficiency are emerging considerations, with manufacturers developing low-power devices and integrating eco-friendly materials to align with environmental standards. Moreover, the integration of cybersecurity measures is critical, as smart locks require robust protection against hacking and unauthorized remote access. Despite the market’s promising growth, challenges such as high initial costs, concerns over data privacy, and technological complexity may hinder widespread adoption in certain regions.
| Metric | Value |
|---|---|
| Industry Size (2025E) | USD 4.46 billion |
| Industry Value (2035F) | USD 18.20 billion |
| CAGR (2025 to 2035) | 15.1% |
The below table presents the expected CAGR for the smart locks industry over semi-annual periods spanning from 2025 to 2035.
| Particular | Value CAGR |
|---|---|
| H1 (2024 to 2034) | 13.9% |
| H2 (2024 to 2034) | 16.1% |
| H1 (2025 to 2035) | 16.6% |
| H2 (2025 to 2035) | 13.8% |
The CAGR exhibits a fluctuating trend, initially increasing by 139 BPS from H1 (2024 to 2034) to H2 (2024 to 2034), indicating stronger growth momentum in the latter half. However, a slight increase of 166 BPS in H1 (2025 to 2035) suggests temporary market stabilization or external constraints.
Growth rebounds in H2 (2025 to 2035) with a 138 BPS decrease, reflecting renewed demand or industry expansion. This pattern suggests cyclical variations, with stronger growth in the second half of each period, possibly driven by evolving market conditions and strategic investments.
The deadbolt segment is expected to dominate the smart locks market, growing at a strong CAGR of 12.2% from 2025 to 2035. Renowned for offering robust protection, deadbolt smart locks are the preferred choice for homeowners and commercial property managers seeking tamper-resistant and reliable security solutions.
Recent advances in biometric access technology have transformed these locks, enabling highly convenient keyless entry while maintaining high safety standards. Rising demand for secure, automated entry systems in premium residential and commercial properties is driving this growth. Deadbolt smart locks are favored for their straightforward installation processes and extensive customization options, which appeal to a broad consumer base.
Integration with home automation ecosystems further enhances their attractiveness by allowing seamless control through smartphones and voice assistants. As security concerns escalate globally, and smart home adoption continues to increase, the deadbolt segment is well-positioned to maintain a dominant market share over the forecast period. Innovations in encryption and remote monitoring are expected to fuel continued growth and user confidence.
The online retailer sales channel is projected to witness a significant CAGR of 11.5% from 2025 to 2035, maintaining its dominance in smart lock distribution. The growth is primarily driven by consumer preference for convenience and competitive pricing available on digital marketplaces. E-commerce giants and specialized smart home device retailers offer customers the ability to compare diverse smart lock models easily, making informed purchasing decisions.
The availability of easy-to-install smart lock models coupled with reliable home delivery services has accelerated online sales adoption. Furthermore, widespread acceptance of digital payment methods and advances in logistics have made online purchases seamless and efficient.
Online platforms also offer access to customer reviews, detailed product specifications, and personalized recommendations, enhancing consumer confidence and satisfaction. As smart home technology becomes more mainstream, the online retail channel is expected to play an increasingly critical role in market expansion, enabling manufacturers to reach a broader audience globally with reduced distribution costs.
Growing Preference for Smart and Secure Access Drives Smart Locks Market Growth
Smart locks rapidly gain popularity among consumers seeking secure effortless access solutions for homes offices and rental properties daily. People opt for smart locks nowadays because they offer remote keyless entry and robust real-time security features. Demand is strong among urban homeowners and short-term rental operators needing seriously enhanced security features daily.
Manufacturers respond by introducing ridiculously advanced features like biometric authentication voice control integration and fairly robust AI-based security enhancements. Innovations like tamper alerts and geofencing-based auto-locking vastly enhance product appeal through robust security features and cloud-based access logs. The smart locks market experiences rapid growth due to soaring demand from consumers seeking sleek modern alternatives beneath their fingertips
Increasing Demand for Keyless and Remote Access Solutions Boosts Market Expansion
The growing demand for Keyless entry and remote-access security solutions are fueling rapid growth in smart locks due to soaring consumer electronics demand rapidly. Old-school locking systems gradually falling out of favor as folks opt for sleeker smart home setups more often nowadays. Smart locks provide a pretty handy option enabling secure app-controlled access and real-time monitoring of various entry points somehow.
Rapid technological advancements are speeding up this shift with newer models offering features like fingerprint recognition encrypted access codes and multi-user access management. Numerous individuals and businesses seek robust security solutions thereby driving up demand for smart locks rapidly across multiple sectors.
Urbanization and Smart Home Integration Propel Smart Lock Adoption
Rapid urbanization coupled with the rising adoption of smart homes fuels the demand for smart locks in residential spaces daily. City residents with ridiculously hectic daily schedules require seriously robust security systems that somehow blend into their wildly interconnected living spaces. Smart locks offer instant access control eliminating the hassle of physical keys making them perfect for rapidly evolving urban environments.
Smart locks have proven highly beneficial for property managers and Airbnb hosts who need secure entry systems in place every day. Their digital key provision enhances security via real-time entry log tracking for better operational efficiency. Constant advancements in smart technology alongside robust security measures will drive the adoption of smart locks over forthcoming years
The smart locks industry saw massive expansion from 2020 to 2024 at an incredibly rapid CAGR of 13.3%. Market expansion stayed remarkably steady reaching USD 3,888.1 million by 2024 up from a prior USD 2,361.6 million in 2019. Consumers strongly favor smart locks nowadays because they offer vastly improved security features and seamless integration with home automation systems.
The COVID-19 pandemic greatly accelerated demand somewhat rapidly for contactless access solutions in residential spaces but also commercial areas nearby. Significant adoption occurred during this period largely due to biometric authentication features and notably enhanced remote access capabilities.
Market expansion will likely accelerate rapidly from 2025 to 2035 at 15.2% CAGR reaching USD 18,195.4 million by 2035. Numerous factors drive growth due largely in part to sizable advancements in AI-powered security solutions alongside rising demand.
Post-pandemic era witnesses heightened emphasis on cybersecurity along with remarkably seamless access management which boosts demand for smart locks. Rapidly evolving smart city infrastructure fuels market expansion over forthcoming years alongside burgeoning demand for interconnected living spaces
Tier-1 players dominate the smart locks market with a share of 40-45% by leveraging advanced manufacturing capabilities and having a fairly extensive global reach. These enterprises possess robust distribution channels alongside strategic alliances that facilitate capturing sizable market shares effectively.
Tier-1 companies prioritize innovation by integrating fairly sophisticated security features like biometric authentication and somewhat advanced AI-driven access control. Users generally appreciate firms that provide robust support post-purchase thereby fostering loyalty and trust. Some of the Tier 1 industry players include Assa Abloy, August Home, and Schlage among others.
Tier-2 companies possess a significant regional market share of 30-35% frequently dominating local markets with a fierce emphasis on budget-friendly smart lock solutions. These firms offer solid product quality adherence to security regulations and moderate innovation ensuring a balance between affordability and fairly advanced functionality overall.
Their market reach remains slightly narrower than Tier-1 players but they stay competitive via targeted marketing and value-driven solutions overall. Notable Tier-2 players include Yale, Kwikset, and Ultraloq among others.
Tier-3 players usually operate within niche markets focusing on affordable smart lock solutions specially designed for particular customer segments. These companies usually operate in localized markets with a market share of 10-20% and limited global reach competing based on pricing and considerable flexibility in customization.
Some tier 3 players in the smart locks industry include Lockly, Igloohome, Wyze, and many small and local players that distribute products directly via e-commerce platforms and through regional retail partnerships.
| Countries | Population (millions) |
|---|---|
| United States | 345.4 |
| China | 1,419.3 |
| India | 1,450.9 |
| Japan | 123.2 |
| Germany | 84.1 |
| Countries | Estimated Per Capita Spending (USD) |
|---|---|
| United States | 2.10 |
| China | 1.85 |
| India | 1.50 |
| Japan | 1.95 |
| Germany | 2.00 |
The USA smart locks market, valued at USD 664.7 million, thrives due to high consumer spending on home security and automation solutions. Strong adoption of smart homes and IoT-enabled security systems fuels demand. Retail and e-commerce channels like Amazon and Best Buy make smart locks highly accessible, while property owners and businesses drive further market growth.
China’s USD 323.8 million smart locks market benefits from rapid urbanization, rising middle-class incomes, and increased focus on home security. Government-backed smart city initiatives and the widespread integration of AI-powered security systems propel adoption. E-commerce platforms like JD.com and Tmall contribute to rising sales, while premium models gain traction among affluent buyers.
India’s smart locks market, valued at USD 177.5 million, is expanding rapidly due to increasing urban migration and growing awareness of home security. While traditional mechanical locks dominate, affordable smart lock models are gaining traction among tech-savvy and security-conscious consumers. The rise of online shopping and digital payment solutions further enhances market accessibility.
Japan’s USD 229.5 million smart locks market is driven by demand for high-tech, space-saving security solutions. With aging demographics and high disposable incomes, consumers prefer automated home entry systems with biometric authentication and AI-powered access control. The country’s strong emphasis on energy efficiency and premium home automation bolsters market expansion.
Germany’s USD 171.1 million smart locks market benefits from strong security regulations and eco-conscious consumer behavior. High purchasing power and a culture of smart home adoption drive demand for durable, energy-efficient smart locks. The commercial sector, including offices, hotels, and rental properties, also contributes to steady market growth.
| Countries | CAGR (2025 to 2035) |
|---|---|
| USA | 10.7% |
| Canada | 12.6% |
| UK | 19.4% |
| China | 18.5% |
| India | 21.1% |
The USA smart locks market will likely experience rapid growth at a CAGR of 10.7% from 2025 driven by consumer demand for advanced security solutions. Nationwide homeowners prioritize keyless entry systems with remote access features making smart locks incredibly popular for various residential applications daily.
IoT and AI-powered security systems fuel rapid adoption of smart locks particularly in households seeking highly automated daily routines. Concerns about home safety package theft prevention and childproofing deeply impact market growth rapidly. Rising trend of minimalist smart homes accelerates demand swiftly as consumers favor sleek high-tech security solutions over old locks.
The UK smart lock market will probably expand rapidly at a rate of 19.4% yearly over next ten years or so. Demand for compact locking systems fuels rapid market growth in densely populated cities with numerous rental properties. Numerous residents of UK seek straightforward wireless locks that boost security deep within their homes.
Growing preference for smart home ecosystems boosts demand with locks integrating seamlessly alongside voice assistants in mobile applications somehow.
Rise of short-term rental services such as Airbnb has accelerated adoption of remote-controlled access systems fairly quickly enabling property owners grant access easily. Smart locks became incredibly more accessible among various consumer groups via online retail channels driving really widespread adoption.
India's smart lock market will likely experience rapid growth from 2025 at an impressive CAGR of 21.1% till 2035. Rapid urbanization fueled demand for modern home automation solutions including smart locks amidst soaring disposable incomes suddenly. Consumers in India shift rapidly towards biometric entry systems under mounting pressure about office security for improved safety measures daily.
E-commerce platforms' rapid growth has somewhat ironically made smart locks fairly accessible nowadays for urban dwellers seeking affordable security solutions. Real estate developers incorporate smart locks into residential projects alongside smart city initiatives driving market growth rapidly downwards. Indian consumers prioritize time-saving efficient home security solutions and demand for cloud-connected remotely operated smart locks rises significantly nowadays.
The smart lock market faces intense competition from brands such as August Home, Schlage Yale, Kwikset, and Assa Abloy dominating the industry with various products. August Home provides sleek smart locks that integrate seamlessly into smart home systems but Schlage prioritizes high-security options featuring fingerprint recognition.
Yale boasts an array of smart lock models incredibly flexible in design and functionality for diverse consumer needs and Kwikset excels with remarkably affordable smart locks featuring straightforward installation processes. Assa Abloy offers high-end solutions with robust security features for commercial customers and residential clients in densely populated urban areas.
In addition to these major brands, emerging players like Level Lock and Lockly aggressively push boundaries with cutting-edge designs alongside sophisticated functionality. Level Lock provides discreetly a door-handle-based smart lock integrating with existing hardware for enhanced functionality somehow beneath surface level.
Companies focusing on energy-efficient tech pursue easy installation alongside seamless integration with various home automation systems daily. Consumers prioritize security convenience and aesthetic appeal so demand for high-quality versatile smart locks rises steadily amid the growing connected homes trend.
Recent Industry Developments in the Smart Lock Market
August Home launched smart locks with biometric fingerprint scanning and improved battery life, enhancing security and convenience for smart homes.
Yale expanded its lineup with smart locks that integrate with Amazon Alexa and Google Assistant for voice-controlled access, offering greater ease of use and security.
Schlage unveiled high-security smart locks for businesses with multi-factor authentication, designed for commercial applications requiring robust security and flexibility.
| Report Attributes | Details |
|---|---|
| Current Total Market Size (2025) | USD 4.46 billion |
| Projected Market Size (2035) | USD 18.20 billion |
| CAGR (2025 to 2035) | 15.1% |
| Base Year for Estimation | 2024 |
| Historical Period | 2020 to 2024 |
| Projections Period | 2025 to 2035 |
| Quantitative Units | USD million for value |
| Product Types Analyzed (Segment 1) | Deadbolt, Keypad & Combination, Biometric |
| Sales Channels Covered (Segment 2) | Direct Sales, Mono Brand, Supermarket/Hypermarket, Department Stores, Specialty Stores, Online Retailers |
| Applications Analyzed (Segment 3) | Residential, Commercial, Industrial, Hospitality |
| Technologies Assessed (Segment 4) | Bluetooth, Wi-Fi, Z-Wave, ZigBee, NFC, AI-integrated, Voice Assistant Compatible |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
| Countries Covered | United States, Canada, United Kingdom, Germany, France, Italy, China, India, Japan, South Korea |
| Key Players Influencing the Market | August Home, Schlage, Yale, Kwikset, Assa Abloy, Samsung SmartThings, Nest, Lockly, Ultraloq, Level Lock |
| Additional Attributes | Dollar sales by product type (Deadbolt, Biometric), urban smart home penetration, online vs. in-store channel trends, security technology advancements, AI integration, regional per capita spending trends |
| Customization and Pricing | Customization and Pricing Available on Request |
In terms of product type, the industry is divided into Deadbolt, Keypad & combination, and Biometric.
The industry is further divided by sales channels that are Direct Sales, Mono Brand, Supermarket/Hypermarket, Department Stores, Specialty Stores, and Online Retailers.
Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.
The global smart locks industry is projected to witness a CAGR of 15.1% between 2025 and 2035.
The global smart locks industry stood at USD 3.88 billion in 2024.
The global smart locks industry is anticipated to reach USD 18.20 billion by 2035 end.
The Oceania region is set to record the highest CAGR of 14.8% in the assessment period.
The key players operating in the global smart locks industry include August Home, Schlage, Yale, Kwikset, Assa Abloy, Samsung, Level Lock, and Lockly among others.
Explore Consumer Electronics Insights
Smart Locks Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
