The digital door lock systems market is projected to reach USD 14.3 billion by 2032.
From GlobeNewswire: 2025-01-20 06:38:00
The digital door lock systems market size was USD 7.6 billion in 2023, projected to grow at a CAGR of 7.4% from 2024 to 2032. Demand is driven by the need for enhanced home security. Advanced digital locks with biometric access and smart integration are preferred for urban safety and convenience. The market is segmented by lock type, with deadbolts leading at USD 3.5 billion. Offline sales accounted for 61.2% of total sales in 2023, emphasizing in-person product demonstrations. The U.S. market contributed USD 2.5 billion in 2023, growing due to increased security concerns and demand for remote access solutions. Major players include Allegion, ASSA ABLOY, and Samsung Electronics.
The digital door lock systems market is expected to grow further as consumers seek enhanced security solutions in residential and commercial sectors. The integration of smart home automation is driving the adoption of digital locks, allowing users to manage access through mobile apps and receive real-time updates. With features like keyless entry and remote access, digital deadbolts offer durability and seamless integration with smart home systems. The offline segment dominated sales in 2023, driven by the preference for in-person product demonstrations. The U.S. market contributed significantly in 2023 and is expected to grow due to increased demand for advanced security solutions.
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