North American Smart Lock Market Trends, Size, Competitive Analysis and Forecast

Posted by mansi on February 29th, 2020

North American Smart Lock is anticipated to grow at a CAGR 10.3% during the forecast period. The major factor that are augmenting the North American smart locks market include high penetration of smartphones and other connected devices and safety concern coupled with increasing crime rates. The major countries which will contribute in the market are US and Canada. North America is a continent were most of the countries are developed economy including US and Canada. According to the Centre for Digital Information (CDI) North America is the home of approximately 11% of the smartphone users across the globe. 

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The total number of smartphone users in North America `is estimated to be 229 million in 2016, up from 189 million in 2014. It is further estimated to reach 272 million by the year 2020 as per CDI. US is estimated to be the major market of smartphones in North America. Smartphones acts as a gateway to large number of connected devices and increasing number of smartphones is estimated to augment the demand of smart locks. The North America smart lock market is segmented into the US and Canada. The US holds the highest market share in the North America smart lock market. Whereas, Canada holds significant market share in the North America smart lock market.

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North American Smart Lock Market Segmentation

By Communication Protocol

• Bluetooth
• Wi-Fi
• Others

By Application

• Residential
• Government
• Commercial

By Type

• Padlocks
• Lever Handles
• Deadbolts
• Others

Regional Analysis

• North American
• United States
• Canada

Company Profiles

• August Smart lock
• Candy House Inc.
• Cansec Systems Ltd.
• HavenLock Inc.
• Kwikset Corp.
• Master locks Co.
• MIWA Lock Co., Ltd.
• Onity Inc.
• Schlage
• Sentrilock LLC
• Spectrum Brands Holdings, Inc.
• UniKey Technologies

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