The North America Smart Locks market is projected to reach US$ 1,282.5 Mn by 2027 from US$ 529.7 Mn in 2019; it is expected to grow at a CAGR of 11.9% from 2020 to 2027.

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Market Introduction

The rising number of smartphone users worldwide has significantly boosted the adoption of smart locks in recent years. These devices offer enhanced convenience and an easy-to-use interface, making them an appealing solution for modern households. Growing awareness around home security, continuous advancements in smart technologies such as smartphones, increasing disposable incomes, and the expansion of internet services are among the key factors driving the growth of the smart lock market.

North America, being home to a large concentration of manufacturing and technology companies, faced considerable challenges during the COVID-19 pandemic. The outbreak severely impacted economic activity in 2020 and continued to affect the market into 2021. Consequently, the smart lock market in the region experienced short-term setbacks due to the ongoing health crisis.

Smart locks integrate seamlessly with communication technologies like Bluetooth, Wi-Fi, and NFC, offering users a combination of security and convenience. As smartphones become increasingly essential in daily life—particularly across emerging economies—the demand for smart locks is expected to grow. This trend is projected to support the expansion of the North American smart lock market during the forecast period of 2020–2027.

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North America smart Locks Market Segmentation

North America Smart Locks Market, by Type

• Padlocks
• Deadbolt
• Lever Handle
•  Others

North America Smart Locks Market, by Communication Technology

• Wi-Fi
• Bluetooth
•  NFC
• Others

North America Smart Locks Market, by Application

• Residential
• Commercial
• Industrial

By Country

• US
• Canada
• Mexico

Company Profiles

• Havenlock Inc
• Honeywell International Inc
• August Home
• Wyze Labs, Inc.
• Samsung
• Honeywell International Inc.
• U-tech Group Inc
• Schlage
• Gantner Electronic GmbH

North America Smart Locks Strategic Insights

Strategic insights for the North America Smart Locks provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Smart Locks Regional Insights

The geographic scope of the North America Smart Locks refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights