Smart locks market is estimated to be valued at USD 2.93 Bn in 2025 and is expected to reach USD 6.52 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 12.1% from 2025 to 2032.
A smart lock is an electromechanical locking system that opens wirelessly with authorized users’ authentication. A smart lock performs locking and unlocking operations on a door when it receives such instructions from an authorized user with a wireless protocol and cryptographic key to commence the authorization process. Smart locks are an integral part of smart homes, which allow homeowners to enter their home without requiring traditional key. As a connected device, smart locks are considered as a part of the Internet of Things (IoT).
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The smart locks market is experiencing a revolutionary transformation as artificial intelligence becomes increasingly integrated into security solutions. This evolution is reshaping how we think about home and commercial security, moving beyond traditional keypad entry systems to sophisticated AI-driven platforms that offer unprecedented levels of convenience, security, and intelligence.
For instance, in September 2025, TCL Home Security introduced two new smart home security products at IFA 2025 in Berlin: the TCL D2R Max, described as the world’s first retrofit smart lock with multi-biometric authentication, and two AI-powered solar cameras.
By product type, the global smart locks market is segmented into Deadbolt and Lever/Knob. The deadbolt division is likely to dominate with 62.4% shares in the global smart locks market. This dominance can be attributed to its superior security features, ease of installation, and widespread adoption across residential and commercial sectors.
For instance, in May 2025, TP-Link Systems Inc., announced the latest entry in its award-winning Tapo smart home portfolio with the launch of the Tapo DL100 Smart Deadbolt Door Lock.
Based on unlocking mechanism, the touchscreen segment is likely to hold dominating position in the global market. This is owing to the increasing preference for convenient, user-friendly, and aesthetically appealing access solutions. Touchscreen systems offer enhanced security features, faster authentication, and seamless integration with smart technologies, making them highly suitable for modern residential, commercial, and industrial applications.
For instance, in August 2025, the WELOCK ToucA51 Smart Lock Cylinder was available at a discounted price of €119 with coupon code VD50, offering biometric and keypad access and including a 2-year warranty with shipping from the European warehouse
Based on application, the industrial and residential division is likely to hold dominating position in the global market. This is owing to the increasing demand for efficient energy systems, rapid urbanization, and the growing adoption of advanced technologies for enhanced operational efficiency and sustainability. Additionally, rising investments in infrastructure development further contributing to the segment’s dominance.
For instance, in June 2025, Be-Tech, a leading innovator in the smart lock industry, announced a full suite of smart lock solutions tailored for both residential and hospitality markets.
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North America region dominated the global smart locks market in 2025, accounting for 31.7% share. This is credited because of ascend in pattern for smart homes, expansion in entrance of IoT, and rise in real estate and hospitality areas.
For instance, in August 2024, Ajax Systems’ and Yale’s customers in the United States and Canada were able to benefit from a seamless integration and manage Yale Smart Locks directly from the Ajax Security System app.
Asia-Pacific region is supposed to observe most noteworthy development in the impending years. This is credited because of progressions in innovation, computerized reasoning, and accessibility of shrewd home gadgets. For example, smart locks, which have prompted expansion sought after for smart locks.
For instance, in May 2025, Qubo, a division of the Hero Group, expanded its Smart Home lineup in India by launching five new smart door locks. These included the latest Smart Door Lock Nova, Alpha, and Optima models, as well as the updated 2025 versions of the well-known Select and Essential locks.
The U.S. smart locks market is dominating globally during the forecast period. Growth is attributed to a combination of strong smart‑home ecosystem adoption, advanced connectivity/IoT integration, rising safety and convenience expectations, and favourable retrofit & new‑build deployment environments.
For instance, in June 2025, the Yale® Smart Lock with Matter, the brand’s next-generation smart lock for Google Home, was launched and became available for purchase in the United States through ShopYaleHome.com and select retailers.
China smart locks market is dominating globally during the forecast period. Growth is attributed to a combination of rapid urbanisation, the rollout of smart‑city infrastructure and IoT ecosystems, strong domestic manufacturing and cost competitiveness, rising consumer demand for biometric and connected security, and favourable government policies/subsidies.
For instance, in October 2025, Xiaomi expanded its smart home lineup again, this time with a more advanced version of its Smart Door Lock 4 Pro. The new Dual Camera Edition officially launched in China, bringing upgraded hardware and improved security features over the original model released earlier that year.
The smart lock market highlights strong momentum driven by increasing smart‑home adoption, IoT connectivity, remote access demand and rising security awareness. The North America region currently dominates, thanks to high consumer tech‑adoption, mature smart‑home infrastructure, ample disposable income, and strong presence of major access‑control players.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2024 | Market Size in 2025: | USD 2.93 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 12.1% | 2032 Value Projection: | USD 6.52 Bn |
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| Companies covered: |
Apigy Inc. (Lockitron), Schlage, Kwikset, Honeywell International Inc., Havenlock Inc., Panasonic Corporation, Samsung SDS Co., Ltd, Vivint, Inc., August Home Inc., and Assa Abloy Group. |
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The smart home locks an integral part of smart home ecosystems, providing automation and access capabilities to users via smartphones, tablets, and other devices. Exponential change in the lifestyle of urban households has increased the demand for smart electronic devices to monitor homes from a single platform. Some devices provide control of home systems using non-acoustic sensors.
Smart locks are an integral part of the broader smart home ecosystem, offering enhanced security, convenience, and remote access control. The integration of mobile communication technology, such as Bluetooth, Wi-Fi, and cellular connectivity, into smart locks enables users to remotely monitor and control the locking and unlocking of doors through their smartphones or other connected devices.
Smart locks have found major adoption in hotels since they change customer check-in and check-out experience. It allows them to gain quick access to the hotel rooms by just a touch of the finger, reducing the difficulty of front desk check-in, the time consuming and tedious task of carrying a hotel card key.
IoT (Internet of Things) technology has revolutionized the way smart devices interact and communicate, and smart locks are no exception. By integrating smart locks into the IoT ecosystem, they become more versatile, intelligent, and capable of providing enhanced security and convenience to consumers.
The smart locks market is witnessing a significant boost in demand and growth due to the growing popularity of smart home-as-a-service and home automation. Smart home-as-a-service, also known as SHaaS, is an innovative business model where customers subscribe to a package that offers a comprehensive range of smart home devices and services.
The smart locks market has witnessed the advent of novel technologies that have revolutionized the way we approach security and access control. One of the most significant advancements is the integration of biometric authentication in smart locks. Biometric technologies, such as fingerprint recognition and facial recognition, provide a highly secure and convenient way for users to access their homes or premises.
*Definition: A smart lock is an electronic and mechanical locking device that opens wirelessly with an authorized users' authentication.
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About Author
Ankur Rai is a Research Consultant with over 5 years of experience in handling consulting and syndicated reports across diverse sectors. He manages consulting and market research projects centered on go-to-market strategy, opportunity analysis, competitive landscape, and market size estimation and forecasting. He also advises clients on identifying and targeting absolute opportunities to penetrate untapped markets.
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