Key Takeaways

• The global smart locks market revenue is projected to grow from USD 3.38 billion in 2025 to USD 14.28 billion by 2033, reflecting a CAGR of 19.75%.
• Key drivers of market growth include rising consumer demand for security and convenience, particularly with the integration of smart home technologies.
• North America leads the market with significant contributions from residential applications, while Asia Pacific is expected to experience the fastest growth rate.

Market Overview

The smart locks market consists of electromechanical devices that replace traditional locks, enabling user access via electronic keypads, smartphones, and biometric sensors. Predicted revenue growth from USD 3.38 billion in 2025 to USD 14.28 billion by 2033 is bolstered by consumer demand for enhanced security and convenience, with many consumers favoring keyless entry and remote access capabilities.

Key market segments include:

• Lock Type: Deadbolt locks held a 40% share in 2024, thanks to their robust security and retrofit capabilities.
• Technology: Bluetooth-enabled smart locks dominated with a 45% share, attributed to advancements in Bluetooth Low Energy (BLE) technology.
• Authentication: Mobile app-based authentication commanded a 50% share, driven by the rising popularity of smart homes and smartphone usage.
• Application: Door smart locks represented 60% of the market share, reflecting consumer emphasis on security and convenience.
• End-use Industry: The residential sector accounted for 55% due to increased adoption of smart home technologies.
• Distribution: Offline sales led with a 65% market share, favored by consumers seeking security and cost-effective solutions.

Regional Insights

North America held a 40% market share in 2024, driven by the popularity of smart home automation and consumer security needs. Asia Pacific is anticipated to grow rapidly, fueled by rising disposable incomes and smartphone penetration, alongside strong manufacturing capabilities in China and South Korea.

Leading Companies

Major players in the smart locks sector include ASSA ABLOY, Allegion, Dormakaba, Spectrum Brands, Samsung, Honeywell, and Xiaomi, among others.

Recent Developments

In September 2025, Dreame entered the smart lock market, enhancing its product offerings with advanced security solutions showcased at IFA Berlin.

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