Smart Door Lock
Rising sense of security, ease of operating and comfort are some of the major factors that are estimated to drive the demand for smart door locks in upcoming years. Further, the increasing demand for improved and advanced digital door locks operated by smart electronic gadgets is estimated to boost the global smart door lock market with noteworthy revenue of USD 4,606.60 Million in 2021 from USD 919.9 Million in 2015. In addition to that, financial losses suffered by victims due to burglaries, larceny thefts and motor vehicle thefts among others is estimated to boost the growth of the global smart door lock market with a CAGR of 30.80% over the period 2015-2021
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