December 8, 2020 at 3:26 am

Electronic Home Locks Market Analysis by Geographical Regions, Type and Application Till 2027 | Allegion plc,ASSA ABLOY,August Home,HANMAN INTERNATIONAL PTE LTD (Samsung),Honeywell International Inc.

By Sandesh Ilhe

An electronic home lock is a device that operates by means of electric current. They might be connected to an access control system and can be remotely monitored and controlled, both to lock and to unlock. The growing incorporation of advanced technologies is one of the primary drivers in the electronic home locks market; smart connectivity is one of the advanced technologies integrated into electronic home locks. With the help of wireless technologies such as Bluetooth and Wi-Fi, electronic home locks can be easily connected to smartphones. Thus, these above factors are likely to surge the demand for electronic home locks during the forecast period.

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Key Players:

  • Allegion plc
  • August Home
  • Honeywell International Inc.
  • Nuki Home Solutions
  • Safewise
  • SentriLock, LLC
  • The Godrej Group
  • Weiser

Electronic locks provide wireless connectivity that can send security alerts to the user on connected devices, which allows them to monitor the systems remotely; thus, this factor is driving the growth of the electronic home locks market. However, the high initial cost may restrain the growth of the electronic home locks market. Furthermore, the demand for smart security systems is anticipated to offer numerous opportunities during the forecast period.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electronic home locks market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electronic home locks market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The global electronic home locks market is segmented on the basis of by product type and application. On the basis of by product type, the market is segmented as strikes, deadbolts and latches, and lever locks. On the basis of application, the market is segmented as residential and commercial.

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Competitive scenario:

The study assesses factors such as segmentation, description, and applications of Electronic Home Locks industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Major highlights of the report:

  • An all-inclusive evaluation of the parent market
  • The evolution of significant market aspects
  • Industry-wide investigation of market segments
  • Assessment of the market value and volume in the past, present, and forecast years
  • Market share evaluation
  • Study of niche industrial sectors
  • Tactical approaches of the market leaders
  • Lucrative strategies to help companies strengthen their position in the market.

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Sandesh Ilhe

With an Engineers degree in Advanced Database Management and Information Security, Sandesh brings the deep understanding of the digital world to the table. His articles reflect the challenges and the complexities that come along with every disruption in the industry. He carries over six years of experience on working with websites and ensuring that the right article reaches the right reader.

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