“Explosive Growth Ahead: Inside the Rapid Expansion of the Smart Door Lock Market (2023–2028)”
Introduction
The global smart door lock is witnessing strong growth due to increasing adoption of connected security technologies. Smart locks provide secure access through digital authentication and wireless communication.
Market Growth
The market is expected to reach US$ 6.31 billion by 2028, growing at a CAGR of 18.2%. Rising security concerns and smart home adoption are driving this expansion.
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Key Drivers
Keyless access, mobile connectivity, and smart home integration are major factors supporting market growth. Consumers are prioritizing convenience and advanced security features.
Smartphone and Connectivity Impact
Smartphones enable remote access and monitoring, which increases adoption. Improved internet infrastructure supports smart device deployment.
COVID 19 Effects
The pandemic created challenges but increased demand for contactless solutions. Smart locks became essential for safe access control.
Innovation and Future Growth
Advancements in AI and IoT will continue to shape the market. Smart locks are expected to become standard in modern security systems.
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