Smart Lock Market Size

Smart Lock Market size was valued at USD 2.82 billion in 2024 and is set to exceed USD 28.27 billion by 2037, registering over 19.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart lock is evaluated at USD 3.26 billion.

The increasing demand for smart locks is also attributed to the expansion of smart house adoption globally and the entry of businesses utilizing home automation technologies.  According to the most recent statistics from a survey, approximately 69.91 million households in the US are actively using smart home technologies by 2024. This represents an increase of 10.2% compared to the 63.43 million recorded in 2024.

The industry's companies are concentrated on creating cutting-edge solutions and commercially viable goods, such as remote door and window locking and opening. Furthermore, manufacturers are fusing their products with voice assistants, allowing voice control over locks, as the number of houses equipped with these devices increases significantly.

Given the growing demand for sophisticated locking and unlock systems by customers, these innovations are anticipated to increase the popularity of smart door locks with cameras. The market is estimated to be driven by increasing demand for the protection of various properties such as individual houses, hotels, supermarkets, banks, financial institutions, corporate buildings, smart locker rooms, and commercial buildings with advanced security solutions over the forecast period.