The global smart locks market is projected to grow from USD 2.8 billion in 2025 to approximately USD 8.4 billion by 2035, recording an absolute increase of USD 5.6 billion over the forecast period. This translates into a total growth of 200.0%, with the market forecast to expand at a compound annual growth rate (CAGR) of 11.60% between 2025 and 2035.
As per Future Market Insights, ranked by Clutch among leading consulting firms, the overall market size is expected to grow by approximately 3.0X during the same period, supported by increasing demand for home automation solutions, growing adoption of Internet of Things technologies, and rising requirements for enhanced security capabilities across residential, commercial, and institutional property sectors.
Between 2025 and 2030, the smart locks market is projected to expand from USD 2.8 billion to USD 4.9 billion, resulting in a value increase of USD 2.1 billion, which represents 37.5% of the total forecast growth for the decade. This phase of development will be shaped by increasing demand for connected home security solutions, rising smartphone penetration enabling remote access capabilities, and growing availability of advanced biometric authentication technologies across residential construction projects and property retrofit applications.
Between 2030 and 2035, the market is forecast to grow from USD 4.9 billion to USD 8.4 billion, adding another USD 3.5 billion, which constitutes 62.5% of the overall ten-year expansion. This period is expected to be characterized by the advancement of artificial intelligence-powered access control systems, the integration of voice assistant compatibility for seamless operation, and the development of premium multi-factor authentication mechanisms across diverse property categories. The growing emphasis on smart home ecosystem integration and remote property management capabilities will drive demand for advanced locking varieties with enhanced encryption protocols, improved battery efficiency, and superior connectivity characteristics.
Between 2020 and 2024, the smart locks market experienced robust growth, driven by increasing consumer awareness of home security vulnerabilities and growing recognition of smart lock technology's effectiveness in supporting keyless entry systems across residential and light commercial sectors. The market developed as property owners recognized the potential for smart locks to deliver access convenience while meeting modern requirements for real-time monitoring and visitor management patterns. Technological advancement in wireless communication protocols and authentication methods began emphasizing the critical importance of maintaining security integrity while enhancing user experience and improving installation simplicity.
| Metric | Value |
|---|---|
| Estimated Value in (2025E) | USD 2.8 billion |
| Forecast Value in (2035F) | USD 8.4 billion |
| Forecast CAGR (2025 to 2035) | 11.6% |
From 2030 to 2035, the market is forecast to grow from USD 4.9 billion to USD 8.4 billion, adding another USD 3.5 billion, which constitutes 62.5% of the overall ten-year expansion. This period is expected to be characterized by the advancement of cloud-based access management platforms, the integration of facial recognition capabilities for touchless operation, and the development of specialized commercial-grade locking solutions for multi-tenant applications. The growing emphasis on cybersecurity protection and interoperability standards will drive demand for premium varieties with enhanced threat detection credentials, improved firmware update mechanisms, and superior compatibility characteristics.
Between 2020 and 2024, the smart locks market experienced significant growth, driven by increasing awareness of remote access benefits and growing recognition of smart lock technology's effectiveness in supporting temporary access credential operations across vacation rental segments and shared workspace applications. The market developed as users recognized the potential for smart locks to deliver operational advantages while meeting modern requirements for audit trail capabilities and flexible access management practices. Technological advancement in battery optimization processes and tamper alert systems began emphasizing the critical importance of maintaining device reliability while extending operational longevity capabilities and improving user confidence across diverse property security categories.
Market expansion is being supported by the increasing global demand for connected security products and the corresponding shift toward intelligent access control that can provide superior convenience outcomes while meeting user requirements for remote monitoring flexibility and password-free authentication processes. Modern property owners are increasingly focused on incorporating locking solutions that can enhance security positioning while satisfying demands for seamless, consistently performing access management and optimized visitor control practices. Smart locks' proven ability to deliver keyless benefits, temporary access versatility, and diverse integration possibilities makes it an essential technology for security-conscious homeowners and convenience-focused property managers.
The growing emphasis on smart home adoption and connected device ecosystems is driving demand for high-quality smart lock systems that can support distinctive security outcomes and comprehensive automation positioning across residential protection, commercial access control, and rental property categories. User preference for technologies that combine convenience excellence with operational intelligence is creating opportunities for innovative implementations in both traditional and emerging security applications. The rising influence of property technology platforms and remote management business models is also contributing to increased adoption of smart locks that can provide authentic access flexibility benefits and real-time monitoring characteristics.
The market is segmented by lock type, authentication method, communication protocol, end-use application, and region. By lock type, the market is divided into deadbolts, lever handles, padlocks, and mortise locks. Based on authentication method, the market is categorized into Bluetooth-enabled locks, Wi-Fi-enabled locks, keypad-based locks, and biometric locks. By communication protocol, the market includes Bluetooth, Wi-Fi, Z-Wave, Zigbee, and other protocols. By end-use application, the market encompasses residential, commercial, institutional, hospitality, and other applications. Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and other regions.
The Bluetooth-enabled locks segment is projected to account for 52% of the smart locks market in 2025, reaffirming its position as the leading authentication category. Property owners and security integrators increasingly utilize Bluetooth-enabled locks for their superior proximity detection characteristics, established power efficiency, and essential functionality in smartphone-based access applications across diverse property categories. Bluetooth-enabled locks' standardized performance characteristics and proven connectivity effectiveness directly address user requirements for reliable wireless communication and optimal security value in residential applications.
This authentication segment forms the foundation of modern keyless entry patterns, as it represents the format with the greatest consumer acceptance potential and established compatibility across multiple smartphone systems. Consumer investments in smart home optimization and security modernization continue to strengthen adoption among convenience-conscious property owners. With users prioritizing ease of operation and battery longevity, Bluetooth-enabled locks align with both accessibility objectives and performance requirements, making them the central component of comprehensive home security strategies.
Residential is projected to represent 71% of the smart locks market in 2025, underscoring its critical role as the primary application for security-focused homeowners seeking superior convenience benefits and enhanced access credentials. Homeowners and property developers prefer residential applications for their established adoption patterns, proven user acceptance, and ability to maintain exceptional security profiles while supporting keyless offerings during diverse property access experiences. Positioned as essential applications for discerning property owners, residential offerings provide both protection excellence and convenience advantages.
The segment is supported by continuous improvement in mobile application technology and the widespread availability of established smart home infrastructure that enables remote management and premium positioning at the consumer level. Additionally, security system integrators are optimizing installation workflows to support market differentiation and accessible pricing. As smart home technology continues to advance and consumers seek connected security solutions, residential applications will continue to drive market growth while supporting property value differentiation and homeowner peace-of-mind strategies.
The smart locks market is advancing rapidly due to increasing security consciousness and growing need for keyless access choices that emphasize superior convenience outcomes across residential segments and commercial property applications. However, the market faces challenges, including higher initial installation costs, cybersecurity vulnerability concerns, and battery replacement requirements affecting long-term reliability. Innovation in biometric systems and encrypted communication protocols continues to influence market development and expansion patterns.
The growing adoption of smart locks in connected home ecosystems and Internet of Things platforms is enabling property owners to develop security patterns that provide distinctive automation benefits while commanding premium positioning and enhanced convenience characteristics. Integration applications provide superior control flexibility while allowing more sophisticated access management across various property categories. Users are increasingly recognizing the competitive advantages of smart lock positioning for premium home automation and efficiency-conscious property integration.
Modern smart lock manufacturers are incorporating advanced machine learning algorithms, behavioral pattern recognition technologies, and anomaly detection protocols to enhance security capabilities, improve threat prevention outcomes, and meet property demands for intelligent access solutions. These systems improve protection effectiveness while enabling new applications, including automated guest access platforms and specialized temporary credential programs. Advanced AI integration also allows manufacturers to support premium market positioning and security leadership beyond traditional locking operations.
| Country | CAGR (2025-2035) |
|---|---|
| USA | 11.2% |
| Germany | 10.5% |
| UK | 10.1% |
| China | 13.8% |
| Japan | 9.7% |
The smart locks market is experiencing robust growth globally, with China leading at a 13.8% CAGR through 2035, driven by the expanding smart home sector, growing urbanization rates, and increasing adoption of connected security products. The USA follows at 11.2%, supported by rising home automation trends, expanding IoT infrastructure, and growing acceptance of keyless entry solutions. Germany shows growth at 10.5%, emphasizing established security markets and comprehensive smart home development. The UK records 10.1%, focusing on premium connected products and property technology expansion. Japan demonstrates 9.7% growth, prioritizing quality security solutions and technological advancement.
The report covers an in-depth analysis of 40+ countries top-performing countries are highlighted below.
Revenue from smart locks consumption and sales in the USA is projected to exhibit exceptional growth with a CAGR of 11.2% through 2035, driven by the country's rapidly expanding smart home sector, favorable consumer attitudes toward connected security products, and initiatives promoting home automation optimization across major metropolitan regions. The USA's position as a leading technology market and increasing focus on property security enhancement are creating substantial demand for high-quality smart locks in both new construction and retrofit markets. Major security equipment manufacturers and property technology providers are establishing comprehensive distribution capabilities to serve growing keyless access demand and emerging remote management opportunities.
Revenue from smart locks products in Germany is expanding at a CAGR of 10.5%, supported by rising security sophistication, growing home automation innovation, and expanding connected device infrastructure. The country's developing IoT capabilities and increasing consumer investment in quality security are driving demand for smart locks across both imported and domestically produced applications. International security equipment companies and domestic technology providers are establishing comprehensive distribution networks to address growing market demand for quality smart locks and connected access solutions.
Revenue from smart locks products in the UK is projected to grow at a CAGR of 10.1% through 2035, supported by the country's mature property market, established technology culture, and leadership in security standards. Britain's sophisticated housing infrastructure and strong support for home automation are creating steady demand for both traditional and innovative smart lock varieties. Leading security brands and property technology providers are establishing comprehensive operational strategies to serve both domestic markets and growing retrofit opportunities.
Revenue from smart locks products in China is projected to grow at a CAGR of 13.8% through 2035, driven by the country's emphasis on smart city expansion, technology leadership, and sophisticated manufacturing capabilities for security products requiring specialized connectivity varieties. Chinese manufacturers and distributors consistently seek commercial-grade technologies that enhance property protection and support residential operations for both traditional and innovative security applications. The country's position as an Asian technology leader continues to drive innovation in specialty smart lock applications and commercial security standards.
Revenue from smart locks products in Japan is projected to grow at a CAGR of 9.7% through 2035, supported by the country's emphasis on quality manufacturing, security standards, and advanced technology integration requiring efficient access control solutions. Japanese businesses and property owners prioritize quality performance and reliability excellence, making smart locks essential technology for both traditional and modern residential applications. The country's comprehensive engineering excellence and advancing housing patterns support continued market expansion.
The Europe smart locks market is projected to grow from USD 0.9 billion in 2025 to USD 2.3 billion by 2035, recording a CAGR of 9.8% over the forecast period. Germany leads the region with a 36.0% share in 2025, moderating slightly to 35.5% by 2035, supported by its strong engineering culture and demand for premium, technology-integrated security products. The United Kingdom follows with 24.0% in 2025, easing to 23.5% by 2035, driven by a sophisticated property market and emphasis on home automation and security standards. France accounts for 18.0% in 2025, rising to 18.5% by 2035, reflecting steady adoption of connected security solutions and technology consciousness. Italy holds 9.0% in 2025, expanding to 9.8% by 2035 as property renovation and smart home applications grow. Spain contributes 7.0% in 2025, growing to 7.5% by 2035, supported by expanding residential construction and security product adoption. The Nordic countries rise from 4.5% in 2025 to 4.7% by 2035 on the back of strong technology adoption and advanced IoT integration. BENELUX remains at 1.0% share across both 2025 and 2035, reflecting mature, premium-focused markets.
The smart locks market is characterized by competition among established security equipment manufacturers, specialized smart home technology providers, and integrated access control solution companies. Companies are investing in authentication technologies, advanced encryption systems, product innovation capabilities, and comprehensive customer support networks to deliver consistent, high-quality, and reliable smart lock systems. Innovation in biometric enhancement, wireless communication methods, and application-specific product development is central to strengthening market position and customer satisfaction.
August Home Inc. leads the market with a strong focus on smart home innovation and comprehensive wireless lock solutions, offering connected security systems with emphasis on convenience excellence and technology integration. Yale (ASSA ABLOY) provides specialized security capabilities with a focus on traditional lock heritage combined with modern smart features and global distribution networks. Schlage (Allegion plc) delivers integrated residential and commercial solutions with a focus on security positioning and operational reliability. Samsung Electronics specializes in comprehensive smart home integration with an emphasis on premium technology applications. Kwikset (Spectrum Brands) focuses on comprehensive residential security and keyless solutions with advanced engineering and accessible positioning capabilities.
The success of smart locks in meeting residential security demands, property management requirements, and technology integration will not only enhance access outcomes but also strengthen global connected home capabilities. It will consolidate emerging regions' positions as hubs for efficient smart security adoption and align advanced economies with intelligent property protection systems. This calls for a concerted effort by all stakeholders -- governments, industry bodies, security providers, distributors, and investors. Each can be a crucial enabler in preparing the market for its next phase of growth.
How Governments Could Spur Local Production and Adoption?
How Industry Bodies Could Support Market Development?
How Distributors and Property Technology Players Could Strengthen the Ecosystem?
How Security Providers Could Navigate the Shift?
| Items | Values |
|---|---|
| Quantitative Units (2025) | USD 2.8 billion |
| Lock Type | Deadbolts, Lever Handles, Padlocks, Mortise Locks |
| Authentication Method | Bluetooth-Enabled Locks, Wi-Fi-Enabled Locks, Keypad-Based Locks, Biometric Locks |
| Communication Protocol | Bluetooth, Wi-Fi, Z-Wave, Zigbee, Other Protocols |
| End-Use Application | Residential, Commercial, Institutional, Hospitality, Other Applications |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa, Other Regions |
| Countries Covered | United States, Germany, United Kingdom, China, Japan, and 40+ countries |
| Key Companies Profiled | August Home Inc., Yale (ASSA ABLOY), Schlage (Allegion plc), Samsung Electronics, Kwikset (Spectrum Brands), and other leading smart lock companies |
| Additional Attributes | Dollar sales by lock type, authentication method, communication protocol, end-use application, and region; regional demand trends, competitive landscape, technological advancements in biometric engineering, IoT integration initiatives, cybersecurity enhancement programs, and premium product development strategies |
The global smart locks market is estimated to be valued at USD 2.8 billion in 2025.
The market size for the smart locks market is projected to reach USD 8.4 billion by 2035.
The smart locks market is expected to grow at a 11.6% CAGR between 2025 and 2035.
The key product types in smart locks market are bluetooth-enabled locks, wi-fi-enabled locks, keypad-based locks and biometric locks.
In terms of end-use application, residential segment to command 71.0% share in the smart locks market in 2025.
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Market outlook & trends analysis
Interviews & case studies
Strategic recommendations
Vendor profiles & capabilities analysis
5-year forecasts
8 regions and 60+ country-level data splits
Market segment data splits
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Smart Locks Market
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