Global Smart Door Lock Market Size Will Reach $4479.31 Million in 2024

Global Smart Door Lock Market Overview

According to Global Market Monitor, the smart door lock market size will reach $4479.31 million in 2024 with a CAGR of 11.12% from 2024 to 2029.

Smart Door Lock differs from the traditional mechanical lock based on improvements, in user security, identification, and management more intelligent, convenient lock. Intelligent door lock is the executive part of door lock in access control system. Unlike traditional mechanical locks, intelligent door locks are compound locks with security, convenience, and advanced technology.

Market Opportunities

Most of the smart lock passwords, fingerprints, mobile phones, and other ways of identification. With the increasingly mature development of smart lock-related technologies, face recognition, mobile phone unlock, iris unlock, and Internet of things technologies have been born, the functions and applications of smart lock products will be more diversified, and will further promote the synchronous development and high integration of smart lock and smart home in the future. With the rapid development of e-commerce, people's purchase channels are also very diversified, which provides customers with a variety of purchase options. Continuous technological innovation will also promote better product upgrading.

Market Risk

With the development of smart locks, it has entered a rapid development stage. In the process of development, some problems of smart locks have also become obstacles to the market.Power consumption is the main problem that puzzles the application of biometrics in the embedded field, especially the bottleneck of face, iris, and other technologies in a limited number of dry battery devices.The problem of cost has been troubling the popularity of biometrics, such as fingerprint recognition technology. Fake fingers, fake faces, and other fake technologies have brought some troubles to biometrics, but with the progress of technology, there are some countermeasures now, that will be applied widely in the future.

Market Segment

Fingerprint recognition is a type of biometrics that dominates the market due to its advanced security features, providing enhanced protection against unauthorized intrusions, enhanced user convenience, and increased resistance to traditional security vulnerabilities, making it a top choice for consumers looking for cutting-edge security solutions for their homes and businesses. The smart lock segment has advanced security features and flexibility and can be unlocked with mobile phones through near-field communication methods such as WIFI, Bluetooth, and NFC.

Market News

In March 2024, at the Shanghai AWE exhibition, TCL, 360, Sakura, Le Orange, Panasonic, Intel, and other brand-new products were unveiled. In addition to face recognition, intelligent cat eyes, and indoor large screens becoming standard, the new selling point focuses on the dual camera, dual electricity, face, and palm unlocking method.

Brand	Type
Panasonic	W12
TCL	K9G Plus
	K7G Pro
360	V50 Max
	V50 Pro