World’s Top 50 Smart Lock Companies 2025: Industry Intelligence Report by Spherical Insights (2024-2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Smart Lock Market Size is projected To Grow from USD 3.00 Billion in 2024 to USD 15.51 Billion by 2035, at a CAGR of 16.11% during the forecast period 2025–2035. The market for smart locks is in greater demand as consumers increasingly prefer improved locking/unlocking systems. Individual homes, condominiums, hotels, retail establishments, banks and financial institutions, corporate structures, and commercial buildings all have an increasing demand for identity and verification, with increasing security concerns, which is ultimately driving the global smart lock market
Introduction
A smart lock is an electromechanical lock designed for performing locking and unlocking operations on a door when it receives a prompt via an electronic keypad, biometric sensor, access card, Bluetooth, or Wi-fi from a registered mobile device. The use of advanced technology and Internet communication in smart locks enables easier access for users and enhanced security from intruders. Smart locks are increasingly adopted among consumers due to increasing security consciousness and the seeking out of innovative home automation solutions. Further, continuous advancements in security features, user experience, and connectivity options are driving the adoption of smart locks. Voice-assisted smart locks enhance convenience and accessibility by allowing users to control their locks using voice commands through virtual assistants like Google Assistant or Amazon Alexa. Incorporation of advanced security measures, like encryption, tamper detection, and multi-factor authentication, protects against unauthorized access attempts, enabling users to grant provisional access to visitors or service workers remotely, eliminating the need for physical keys.
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Smart Lock Market Size & Statistics
- The Market Size for Smart Lock Was Estimated to be worth USD 3.00 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 16.11% between 2025 and 2035.
- The Global Smart Lock Market Size is anticipated to reach USD 15.51 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Smart Lock Market.
- Asia Pacific is expected to grow the fastest during the forecast period in the Smart Lock Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the smart lock market. The market for smart locks is driven by an increase in the number of residential and commercial constructions, as well as ongoing smart city schemes in developing nations such as India. An increasing awareness about new devices and technology further propels the smart lock market. Several new start-up companies are testing new smart lock applications to improve safety.
North America is expected to generate the highest demand during the forecast period in the Smart Lock market. The smart lock market with the quickest rate of growth throughout the study period is anticipated to be in Asia Pacific. This is attributed to advancements in smart lock technology, due to extensive technological use and the rapid adoption of smart homes in the U.S. Customers' considerable spending power, combined with growing safety concerns, particularly in critical infrastructure and domestic applications, has resulted in a regulatory climate that encourages their use
Top 5 trends in the Smart Lock Market
- Biometric authentication
- Voice control
- Mobile app connectivity
- Face recognition smart lock
- IoT integration
1. Biometric authentication
Biometric authentication in smart locks utilizes unique biological traits like fingerprints, facial recognition, or voice patterns to grant access, replacing traditional keys and codes for enhanced security and convenience. Biometric door locks are a cornerstone of modern smart homes, enabling the seamless integration with other security systems, offering advanced automation and convenience.
2. Voice control
Voice-activated door locks can be locked and unlocked using voice commands, adding a level of convenience and flexibility by allowing homeowners and businesses to operate their locks hands-free. The convenience and enhanced security measures offered by voice-activated door locks make them an increasingly popular choice in smart home technology.
3. Mobile app connectivity
With the smart technology, digital or smart locks have smoothly replaced traditional locks, offering convenience, enhanced security, and control, which makes them a must-have lock in every home. Connect to mobile phone via WiFi, remote unlock can be realized, unlock record can be viewed through the app. Google Smart Lock, sometimes known as Android Smart Lock, was introduced with Android 5.0 Lollipop.
4. IoT integration
IoT (Internet of Things) technology is being used to create smart lock systems that connect to devices in real-time. The mobile app, web app, and hardware work together in real-time to provide smooth, connected access control. For instance, in March 2025, Xthings, a global leader in IoT solutions, announced cloud-to-cloud integration with ULTRALOQ smart door locks using the managed integrations feature of AWS IoT Device Management.
5. Face recognition smart lock
Face recognition smart locks offer a compelling blend of advanced security and convenience for modern homes and businesses. It is the new approach to access management for homes and workplaces. The Biometric Face Recognition Door Lock component analyzes facial features. The method design aims to allow entry only for authorized individuals, addressing common concerns about traditional key systems.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the smart lock market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Smart Lock Market
- ASSA ABLOY
- Samsung Group
- Honeywell International, Inc.
- DESSMANN
- The Chamberlain Group, Inc.
- Panasonic Corporation
- Guangdong Be-Tech Security Systems
- Kaadas
- Masterlock
- August Home
- Kwikset
- Techlicious LLC.
- Godrej Group
- Adel Marketing (M) Sdn. Bhd.
- SCHLAGE
- HavenLock, Inc.
- YALE
- Xiaomi Corporation
- Latchable, Inc.
- Dormakaba Group
- Spectrum Brands, Inc.
- SALTO Systems, S.L.
- Allegion plc.
- Kwikset
- Avent Security
1. ASSA ABLOY
Headquarters: Stockholm, Sweden
ASSA Abloy AB is a Swedish Group whose offerings include products and services related to locks, doors, gates, and entrance automation. The company has led the way on mobile access, transforming personal devices into digital keys. Traka is a leader in intelligent management solutions for keys and equipment. The solutions include electronic key cabinets, intelligent lockers, and software solutions that enable organizations to streamline operations, enhance security, and maintain accountability.
2. Samsung Group
Headquarters: Suwon-si, South Korea
Samsung Group is a multinational manufacturing conglomerate. The group consists of numerous affiliated businesses, most of which operate under the Samsung brand, and is the largest chaebol (business conglomerate) in South Korea. Samsung Digital Locks have undergone a significant transformation, emerging as Zigbang Smart Locks. In July 2022, Zigband acquired the entire Samsung door lock and home network business from Samsung SDS.
3. Honeywell International, Inc.
Headquarters: Charlotte, North Caroline, United States
Honeywell International, Inc. is an American publicly traded, multinational conglomerate corporation. It primarily operates in four areas of business: aerospace, building automation, industrial automation, and energy and sustainability solutions (ESS). Honeywell is a Fortune 500 company, ranked 115th in 2023. In 2024, the corporation had a global workforce of approximately 102,000 employees. The Honeywell Store features an unrivaled selection of Safety and Security products that range from Honeywell Safes, Honeywell Door Chimes, Honeywell Door Locks, and an abundance of other security enhancers.
4. DESSMANN
Headquarters: Stuttgart, Germany
Dessmann is a Series B company that was founded in 2009. It operates as a smart lock designer and developer. Dessmann has raised $34.8M in funding from Share Capital. The company has 482 active competitors, including 48 funded and 21 that have exited. Dessmann is a developer of an intelligent smart lock. Some of its features include screen lock, card lock, fingerprint lock, etc. Desman (China) Machinery & Electronic Co Ltd has become the global leader in sales of high-end smart locks in September 2024.
5. The Chamberlain Group, Inc.
Headquarters: Oak Brook, Illinois, United States
The Chamberlain Group, Inc. is a global leader in intelligent access and a Blackstone portfolio company, powered by myQ technology. The company makes access simple and secure for millions of homeowners, businesses, and communities worldwide. In January 2024, Chamberlain Group's leading brand of professionally installed access solutions partnered with RemoteLock to bring the Smart Lock experience to the myQ Community platform.
Are you ready to discover more about the Smart Lock market?
The report provides an in-depth analysis of the leading companies operating in the global Smart Lock market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- ASSA ABLOY
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Samsung Group
- Honeywell International, Inc.
- DESSMANN
- The Chamberlain Group, Inc.
- Panasonic Corporation
- Guangdong Be-Tech Security Systems
- Kaadas
- Masterlock
- Others.
Conclusion
The smart lock market is accelerating the integration of wireless technologies and improving the locking/unlocking systems. Some of the major companies, including Assa Abloy, Allegion, and Kwikset, hold a major market share owing to their strong brand reputation and vast distribution networks. There is growing emphasis on specializing in high-end products featuring sophisticated smart lock systems with biometric access and seamless integration.
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