Global Smart Lock Industry Market A smart lock, also called digital door lock or smart door lock, is designed to replace the bolt lock on your front door and is a Wi-Fi or Bluetooth-enabled smart home device that lets users leave their house keys behind, locking and unlocking doors. To get more news about best fingerprint door lock, you can visit securamsys.com official website. The increasing maturity and development of smart lock-related technologies has led to the birth of facial recognition, mobile phone unlocking, iris unlocking, and other Internet of Things technologies. The functions and applications of smart lock products will become more diverse and diversified, which will further promote the synchronous development and integration of smart locks in home furnishings in the future. In 1971, microcontrollers and microprocessors used in the field of smart homes were born. The initial stage of the development of the global smart lock industry ended and entered the growth period of the industry. After years of development, global smart lock industry technology has gradually matured, and the smart lock industry has entered a mature stage of development driven by 5G. The Global Smart Door Lock Market Exceeds $1.6 Billion As consumers increase their use of smart home technology, smart locks have become an important device. The global smart lock market reached approximately 420 million U.S. dollars in 2016, and was 1.28 billion U.S. dollars in 2017. By 2019, the smart lock market reached 1.62 billion U.S. dollars, a year-on-year increase of 24.62%. The penetration rate of the China market is lower than that of Japan, South Korea, Europe, and the United States The United States is the world's largest market for smart door locks It will show a growth trend by 2023, especially in Japan, South Korea, and European and American markets. Generally, the household penetration rate in South Korea is more than 50%, and about 5%~10% in China, where smart locks are in their infancy. Smart locks are expected to enter the market through builders, door lock manufacturers, and door manufacturers. Smart Door Lock Market Trends One of the keys to smart door locks is fingerprint recognition technology. Judging from the current biometric technology market, fingerprint recognition exceeds 48%, and biometrics for security monitoring accounts for 9%. For MCU manufacturers, being able to process the data more effectively from the fingerprint recognition chip is an important key. After all, the smart door lock is a must-have product for the family. It is easier to upgrade smartly. It can also directly save the trouble of carrying a key. It can be integrated and connected with the overall anti-theft system. It is the first level of basic anti-theft and has great market growth potential. |