Global Smart Door Lock Market will multiply at an impressive CAGR of 30.8% by 2021 & Top Key Players Schlage, August, Yale (ASSA ABLOY Group), Sentrilock, Dssmann, Kwikset, Lockitron, Samsung smart door and homes, Haven and Unikey technologies.

“Global Smart Door Lock Market: Market Analysis & Opportunity Outlook 2021”

Based on biometric identities, the global smart door lock market has been segmented into face recognition, palm recognition, iris recognition, voice recognition, fingerprint recognition and signature recognition. The biometric smart door lock segment is expected to garner highest share of 70.75% in global market. Increasing sense of security aided technology in locking system is anticipated to aid the growth of smart door lock market. In keypad lock-sub segment, electromechanical door locks captured 44% in smart door locks market in 2016. Further, on basis of segmentation by end-use industry, there will contribution of commercial facilities by 34% followed by 28% contribution by residential segment in terms of revenue by the end of 2021. This factor is envisioned to strengthen the growth of smart door lock market.

Request Report Sample @ https://www.researchnester.com/sample-request/2/rep-id-132

Global Smart Door Lock Market is expected to flourish at a CAGR of 30.8 %by the end of forecast period 2021. Factors such as rising sense of security, ease of operating and comfort are anticipated to drive the demand for global smart door lock market. Further, the increasing demand for improved and advanced digital door locks operated by smart electronic gadgets is estimated to boom smart door lock market by noteworthy revenue by the end of forecast period.

In the regional segment, Europe accounted for major share of 38% in 2015. Germany smart door market dominated the Europe smart door lock market and in estimated to project highest market share by 22.3% by 2021. Due to increased crime rate, the U.K smart door lock market is estimated to grow with higher pace, witnessing CAGR of 27.85% over the forecast period. North America door lock market is expected to undergo linear growth from year 2015 to 2021 whereas Asia Pacific smart door lock market will witness CAGR of 34.25%while projecting an average of USD 2,933.92 Million over the forecast period.

Request for TOC Here @ https://www.researchnester.com/toc-request/1/rep-id-132

Growing Demand for Security Objectives

Growing concern for security equipped smart door locks in domestic and commercial sector is one of the major concerns behind the production of smart door locks. Further, the keyless features of latest smart locks, convenient use, proper updating, video and image capturing, alarm alerts and all that can be controlled from anywhere in the world via web is expected to benefit the expansion of smart door lock market by the end of 2021. However, factors such as battery life, less adaptability to change from conventional mechanical locks to digital locks, prone to be hacked, high cost for installation in both domestic and commercial buildings are expected to dampen the growth of smart door lock market in near future.

The report titled “Global Smart door lock Market: Market Analysis & Opportunity Outlook 2021” delivers detailed overview of the global smart door lock market in terms of market segmentation by application, by operations, by sales channel and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

For more details visit @ https://www.researchnester.com/reports/global-smart-door-lock-market-analysis-opportunity-outlook-2021/132

This report also provides the existing competitive scenario of some of the key players of the global smart door lock market which includes company profiling of  Schlage, August, Yale (ASSA ABLOY Group), Sentrilock, Dssmann, Kwikset, Lockitron, Samsung smart door and homes, Haven and Unikey technologies. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart door lock market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Buy This Premium Reports Now @ https://www.researchnester.com/payment/rep-id-132

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919

This release was published on openPR.