Global Wi-Fi-based Smart Locks Sales Market Projected to Register Strong Growth by 2021

Published on : Jun 30, 2017

Albany, New York, June 30, 2017: In today’s era of a growing awareness of safety and security, smart locks help people to protect their household and commercial premises. One of the latest trends in smart locks is the Wi-Fi-based smart locks, gaining huge momentum in the global market. These smart locks are expected to be one of the noticeably promising offers among all the smart devices in the coming years and is anticipated to grow at a significant growth rate over the forecasted period i.e. 2017 to 2021, finds a new study broadcasted to the vast archive of Market Research Hub (MRH). The research study is titled as “Global Wi-Fi-based Smart Locks Sales Market Report 2017” which covers the market landscape and its growth prospects over the coming years.

Smart locks provide easiness of use and works on either Wi-Fi, Bluetooth or both. According to the research, the increasing awareness regarding secure home solutions, steady rise in smart devices, increasing disposable income of consumers, and proliferating Internet and IoT are some of the major factors driving the market growth and increasing the sales of smart locks. Additionally, the major technological developments taking place in the global Wi-Fi-based smart locks market and their impact on the development of the market have been encapsulated under this study.

Geographically, the report contains a brief regional analysis of Global Wi-Fi-based smart locks market by segmenting it into six broad regions, such as United States, Japan, Europe, Taiwan, China and Korea. For each region, market size of the Wi-Fi-based smart locks is analyzed and provided with sales (K Units), consumption, revenue (million USD), market share and growth rate for the time period of 2012-2022. Moving further, the report throws light on the segmentation of the global Wi-Fi-based Smart Locks market based on product and end-users. On the basis of product, the market has been categorized into Induction Lock, Remote Control Lock and Others. Moreover, the end users in the smart locks market include commercial and residential sectors.

The next section in the report provides details on the market dynamics shaping the development of this market. One of the major factors in the market is an increase in the number of smartphones and growing popularity of smart technology among people, which anticipated to present new opportunities for the market during the forecast period of 2017 to 2021.

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Moreover, the report describes the overall competitive landscape in the global market, by profiling major players available in the market including August, Danalock, UniKey, Goji, Sesame, Haven, Ola Locks, Lockitron Bolt, Yale, RemoteLock and Kwikset. These market leaders have maintained their market position with proposed quality maintenance and use of innovative technology.

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