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North America Residential Smart Lock Market Share

Report ID: GMI10223
Published Date: Jul 2024
Report Format: PDF

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North America Residential Smart Lock Market Share

Key players in the North America residential smart lock industry are Assa Abloy, Xiaomi Corporation, Samsung Electronics, U-tec Group, Honeywell International Incorporation. Together, they accounted for a market share of 5-10% in 2023. These companies are key players in smart home market, offering a range of products and services that includes smart speakers, thermostats, security systems, lighting, and home automation solutions.

North America Residential Smart Lock Market Companies

Major companies operating in the North America residential smart lock industry include:

ADT Inc.
Alphabet Inc.
Amazon.com, Inc.
Apple Incorporation
Assa Abloy
Belkin International Incorporation
Comcast Corporation
Control4 Corporation
Ecobee Incorporation
Honeywell International Inc.
Nests Labs
Ring LLC
Samsung Electronics Co., ltd.
Schneider Electrics, Inc.
U-tec Group
Vivint Smart Home, Inc.
Xiaomi Corporation

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for residential smart lock in North America reached USD 1.04 billion in 2023 and is anticipated to register 11% CAGR between 2024 and 2032, led by smart home integration.

The deadbolt residential smart lock industry size was 464.8 million in 2023 and is expected to grow at 11.3% CAGR through 2032, as it offers a high level of security for entry doors.

U.S. market held a revenue of USD 817.7 million in 2023 and is expected to reach USD 2.08 billion by 2032, driven by advancements in technology and increasing consumer demand for convenience.

ADT Inc, Alphabet Inc, Amazon.com, Inc, Apple Incorporation, Assa Abloy, Belkin International Incorporation, Comcast Corporation, Control4 Corporation, Ecobee Incorporation, and Honeywell International Inc. among others.