Smart Locks Market Report 2026

Smart Locks Market Overview

• Smart Locks market size has reached to $2.98 billion in 2025 • Expected to grow to $5.98 billion in 2030 at a compound annual growth rate (CAGR) of 14.9% • Growth Driver: Residential And Commercial Projects Fuel Smart Lock Market • Market Trend: Advanced Features In Smart Door Lock Systems • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Smart Locks Market?

Smart locks refer to a mechanical and electrical lock that may be opened wirelessly with authentication from authorized users by connecting to the home's Wi-Fi network, which allows it to receive the code or smartphone command to lock or unlock to enhance security. The main types of products in the smart lock market are deadbolts, lever handles, padlocks, and others. A padlock refers to a lock that is used for fastening two things together. The different communications technologies include Wi-Fi, Z-Wave, and Zigbee, and involve various authentication methods such as biometric, pin code, and RFID cards. It is used in residential, hospitality, enterprise, critical infrastructure, and other applications.

What Is The Smart Locks Market Growth Forecast?

The smart locks market size is expected to see rapid growth in the next few years. It will grow to $5.98 billion in 2030 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to increasing demand for ai-enabled access control, rising adoption of smart security solutions in commercial spaces, expansion of connected building infrastructure, growing focus on contactless access technologies, increasing integration with digital identity platforms. Major trends in the forecast period include increasing adoption of keyless entry systems, rising use of biometric authentication technologies, growing integration with smart home ecosystems, expansion of mobile-based access control, enhanced focus on residential and commercial security.

Global Smart Locks Market Segmentation

1) By Product: Deadbolts, Commercial, Padlocks, Other Products 2) By Communication Technology: Wi-Fi, Bluetooth, Zigbee, Z-Wave 3) By Authentication Method: Biometric, Pin Code, RFID Cards 4) By Application: Residential, Hospitality, Enterprise, Other Applications Subsegments: 1) By Deadbolts: Keyless Deadbolts, Biometric Deadbolts, Smart Deadbolt With Keypad 2) By Commercial: Electronic Keypad Locks, RFID Locks 3) By Padlocks: Bluetooth Padlocks, Smart Combination Padlocks, Biometric Padlocks 4) By Other Products: Smart Door Handles, Smart Garage Door Locks, Smart Lockboxes

What Is The Driver Of The Smart Locks Market?

An increase in the number of residential and commercial projects is expected to propel the growth of the smart locks market going forward. Residential projects refer to the buildings that are used for residential purposes and commercial projects refer to the buildings that are lent for business purposes. Smart locks are adopted by both commercial and residential projects as they provide safety by using different technologies. For instance, in July 2023, according to Australian Bureau of Statistics, an Australian-based government administration, in the March quarter of 2023, the number of dwellings under construction increased to 240,813 from 240,065 in 2022. Among these, new houses totaled 103,778 in 2023, up from 101,240 in 2022. Therefore, the increase in the number of residential and commercial projects is driving the smart locks industry growth.

Key Players In The Global Smart Locks Market

Major companies operating in the smart locks market are ASSA ABLOY AB; Allegion plc; dormakaba Holding AG; SALTO Systems; August Home; HAVENLock; Schlage; Kwikset; Master Lock Company; Samsung Electronics Co., Ltd.; Panasonic Corporation; Kaadas; DESSMANN; Guangdong Be-Tech Security Systems; Mul-T-Lock; U-tec Group Inc.; UniKey Technologies Inc.; Gantner Electronic GmbH; Cansec Systems Ltd.; Avent Security; SDS Smart Locks; Godrej Group

Global Smart Locks Market Trends and Insights

Many companies operating in the smart locks market are involved in the development of new innovative products with enhanced features to strengthen their position in the new emerging markets. Smart door lock security systems are equipped with state-of-the-art features, ensuring a seamless and user-friendly experience. For instance, in September 2023, Ultraloq, a US-based keyless locks and door hardware products manufacturing company, introduced the next iteration of its critically acclaimed flagship ULTRALOQ Bolt smart Wi-Fi deadbolts series. This will give UltraLoq customers access to a smart lock that offers unmatched home integration, security, connectivity, and utility.

What Are Latest Mergers And Acquisitions In The Smart Locks Market?

In September 2024, ASSA ABLOY, a Sweden-based manufacturing company, acquired Level Lock Inc. for an undisclosed amount. The acquisition aims to enhance its position in the smart lock market and expand its portfolio of innovative access solutions. Level Lock Inc. is a US-based technology company specializing in smart lock solutions for residential and commercial properties.

Regional Insights

North America was the largest region in the smart locks market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Smart Locks Market?

The smart lock market consists of sales of adapted smart locks and native smart locks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Smart Locks Market Report 2026?

The smart locks market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the smart locks industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.