ICT & Electronics Global Smart Door Lock Market | Page 2

“Global Smart Door Lock Market Analysis & Opportunity
Outlook 2021”
The global smart door locks market is segmented into biometrics such as
face recognition, palm recognition keypad, iris recognition, voice
recognition finger print door recognition and signature recognition.
Among these segments, finger print lock market is envisioned to grab the
leading position in the market. The demand of finger print lock door
market is increasing on account of its higher degree of the security due to
complexity and ingenuity.
Global Smart Door lock Market is expected to register a CAGR of
around 34% over the forecast period. Moreover, the market of smart door
locks is projected to expand at noteworthy revenue over the forecast period
i.e. 2015-2021. The market is expected to expand on the back of the rising
adoption of smart door locks in the residential sector.
The bluetooth segment by wireless means is estimated to register a
significant CAGR during the forecast period. Moreover, with 60% share, the
bluetooth segment is expected to account for the largest share of revenue in
the global smart door locks market. Moreover, growing inclination of the
consumers from mechanical doors to the digital locks and increasing
demand on the back of the development of smart home are some of the
major factors fostering the growth of smart door locks market.
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