| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.72 Billion |
| Market Size (2030) | USD 1.48 Billion |
| CAGR (2025 - 2030) | 15.63 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Smart Lock Market Analysis
The Europe Smart Lock Market size is estimated at USD 0.72 billion in 2025, and is expected to reach USD 1.48 billion by 2030, at a CAGR of 15.63% during the forecast period (2025-2030).
- In Europe, the demand for smart home devices, particularly smart locks, is on the rise, fueled by the increasing embrace of smart home technology. As Europeans show heightened interest in home automation, the demand for smart locks, especially those that seamlessly integrate with other smart devices, is surging.
- With a growing number of renovation projects and a heightened consumer appetite for smart home solutions, the demand for these products is set to rise. Furthermore, the robust purchasing power of consumers, combined with the need for modern security features like remote-controlled door locks, motion sensors, and window and door sensors, positions the market for continued growth during the forecast period.
- As smartphone penetration rises, so does the growth of connected devices. This trend allows users to remotely access and control their door locks through dedicated mobile apps. GSMA reports that with mobile penetration hitting 90% across Europe, the mobile ecosystem is set to focus on boosting 5G coverage in rural areas. This push comes with heightened investments to broaden the adoption of use cases enabled by both 5G standalone and 5G advanced technologies. Projections for 2030 suggest Europe will have 507 million unique mobile subscribers, translating to a 92% penetration rate.
- Furthermore, digital technologies are rapidly advancing, driving the growth of the smart lock market in Europe. The region's robust manufacturing sector is adopting cutting-edge technologies like the Internet of Things (IoT), the Industrial Internet of Things (IIoT), and Industry 4.0. As a result, top global companies are forming partnerships with European firms, leveraging the region's established infrastructure.
- In March 2023, iLOQ, a Finnish company in smart locking and secure access solutions for buildings, signed a supply agreement with Honeywell Building Technologies. Under this deal, Honeywell pledged to source access management solutions directly from iLOQ.
- Smart locks, boasting advanced features and technologies, typically command a premium price over traditional mechanical locks. Features such as Bluetooth or Wi-Fi connectivity, biometric authentication, mobile app integration, and remote access capabilities contribute significantly to this elevated cost. Such premium pricing challenges budget-conscious European consumers, particularly during economically tough times.
- Beyond the cost of the lock hardware, professional installation is often necessary for smart locks, further inflating upfront expenses. Integrating a smart lock with pre-existing home automation systems or electrical wiring can complicate the installation, driving up costs. As a result, these installation expenses may deter European consumers, who often lean toward more DIY-friendly and budget-conscious solutions.
- Macroeconomic factors such as housing starts, new home sales, and home prices in the European housing market may significantly influence the demand for smart locks. Eurostat reports that in Q4 2023, residential real estate prices rose across most EU countries, with Poland, Bulgaria, and Croatia witnessing the steepest increases. Robust conditions in the housing market, marked by a surge in new home constructions and sales, pave the way for greater integration of smart locks during initial home setups.
Europe Smart Lock Market Trends
Biometric Authentication Mode is Expected to Hold Significant Market Share
- Biometric authentication methods offer a more secure and tamper-resistant access control than traditional lock-and-key systems or PIN codes. Given that the unique biological traits used in biometric authentication are significantly more complex to replicate or hack, they have become the preferred security solution for consumers across the region.
- According to Ministerio del Interior (España), in 2023, Andalusia and the Community of Madrid topped the list of Spanish autonomous communities with the highest burglary rates, recording over 45,000 and 34,000 incidents, respectively. In stark contrast, the autonomous city of Ceuta witnessed a mere 644 house burglaries. Heightened concerns regarding the region's property crimes and home invasions fuel the demand for these advanced smart lock solutions.
- Biometric smart locks do away with the need for physical keys or memorizing PIN codes, granting users a more convenient and fluid access experience. Consumers especially prize this ease of use and swift access in Europe's tech-savvy urban centers. Moreover, biometric methods' "hands-free" aspect, like facial or voice recognition, resonates strongly with European preferences.
- Additionally, the rising adoption of smart home systems and the shift toward connected home technologies fuel the region's demand for integrated smart lock solutions. Biometric smart locks, capable of seamlessly connecting with various smart home devices and platforms, provide European consumers with a unified and automated home access experience. This ability to integrate into larger smart home ecosystems amplifies the attractiveness of biometric smart locks in the European market.
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United Kingdom is Expected to Witness a Significant Growth
- In Europe, the United Kingdom stands at the forefront of adopting smart home technology, boasting a substantial segment of its population that owns and utilizes connected home devices. This familiarity and comfort with smart home systems create a favorable environment for adopting smart locks. Additionally, the country hosts several smart lock manufacturers and presents a promising market for global players.
- As of 2024, a survey by Ofcom revealed that over 90% of individuals in the United Kingdom had home internet access. Approximately 80% had mobile internet access, with about half of these users utilizing a 5G connection. Such increasing adoption of internet connections in the country provides a positive outlook for investing in premium smart home solutions like smart locks. These consumers are willing to pay a premium for advanced features and integrated smart home experiences, driving the demand for smart locks in the UK market.
- Furthermore, property crimes in the United Kingdom have outpaced many other European nations, intensifying consumer interest in home security solutions. According to the Office for National Statistics (UK), England and Wales recorded 266,489 burglaries in the 2023/24 period. Smart locks, equipped with remote access, activity monitoring, and tamper alerts, are anticipated to gain traction in the United Kingdom as effective deterrents against these burglaries.
- In the United Kingdom, stringent safety and security regulations for residential and commercial buildings have spurred the adoption of advanced access control technologies, notably smart locks. Coupled with the UK government's initiative to foster a more secure and interconnected society, these regulations create a conducive policy landscape for the burgeoning smart lock market.
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Europe Smart Lock Industry Overview
The European smart lock market is moderately competitive. With numerous global and regional players entering and expanding their presence, the market competition is anticipated to grow significantly. To remain competitive, companies emphasize frequent innovations and technological upgrades. Additionally, several companies emphasize mergers and acquisitions, as well as partnerships, to strengthen their market positions. Some key players include Assa Abloy, Allegion PLC, Eufy, Sentrilock LLC, and ZKTeco Co Ltd.
• July 2024 - ZKTeco introduced the SL01-T430H, a mortise-style door lock with a lever handle. This advanced lock boasts a fingerprint sensor and enables remote locking and unlocking through mobile devices. Once connected to Wi-Fi, users can effortlessly manage their door via the ZSmart app. The app allows for remote locking and unlocking and offers features like viewing log history, sharing temporary visitor passcodes, activating the tamper alarm, and deactivating the door alarm. Furthermore, users can unlock the door using simple voice commands when integrated with compatible devices like Amazon Echo or Google Home.
• May 2024 - Allegion launched the Schlage XE360 Series Wireless Locks, an electronic lock portfolio tailored to the multifamily market at a competitive price. The XE360 Series represents Schlage's next generation of cutting-edge electronic locks. It integrates with various design aesthetics, boasting popular finishes and contemporary lever styles. It frees property managers from physically updating access rights at the lock, functioning in an offline or No-Tour setting.
Europe Smart Lock Market Leaders
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ASSA ABLOY
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Allegion PLC
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Eufy
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Sentrilock LLC
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ZKTeco Co Ltd
- *Disclaimer: Major Players sorted in no particular order
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Europe Smart Lock Market News
- March 2024: SwitchBot unveiled the SwitchBot Lock Pro, a retrofit smart lock that prioritizes both convenience and security and boasts an easy retrofit installation method. The SwitchBot Lock Pro offers tailored solutions for EU/UK and US households. Its support for various lock types means users globally can swiftly upgrade their old door locks without drilling or damaging the existing door or lock. Additionally, the installation process retains the original key functionality, ensuring continued usability when needed.
- February 2024: Ajax Systems partnered with Yale, a European top security systems manufacturer. This collaboration boosts convenience for Ajax users, enabling them to control Yale Smart Locks directly via the Ajax Security System app. Due to a smooth Cloud-to-Cloud connection, users can lock and unlock their doors and monitor the lock status within the app. The integration introduces sophisticated automation features, allowing users to set automatic locking or unlocking, catering to their security needs. The Yale and Ajax integration was expected to first launch in Norway, Sweden, Italy, Spain, and Portugal, with intentions for broader expansion.
Europe Smart Lock Industry Segmentation
Smart locks are electromechanical devices that enable users from various industries to access and unlock premises remotely. These locks allow remote authentication for verified and authorized users by connecting to smartphones and other smart devices through Wi-Fi, Bluetooth, Zigbee, or Z-Wave. The study tracks and analyzes the revenue from the sales of different types of smart locks provided by various vendors to various end users across Europe. It also tracks the macroeconomic trends and their impact on the industry.
The European smart lock market is segmented by communication technology (Wi-Fi, Bluetooth, ZigBee, Z-Wave, and other communication technologies), authentication mode (biometric, PIN code/keypad, RFID/NFC, and other authentication modes), and country (United Kingdom, Germany, France, Spain, Italy, Netherlands, and Rest of Europe). The market sizes and forecasts regarding value (USD) for all the above segments are provided.
| By Communication Technology | Wi-Fi |
| Bluetooth | |
| Zigbee | |
| Z-Wave | |
| Other Communication Technologies | |
| By Authentication Mode | Biometric |
| PIN Code/Keypad | |
| RFID/NFC | |
| Other Authentication Modes | |
| By Country*** | United Kingdom |
| Germany | |
| France | |
| Spain | |
| Italy | |
| Netherlands |
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Europe Smart Lock Market Research Faqs
How big is the Europe Smart Lock Market?
The Europe Smart Lock Market size is expected to reach USD 0.72 billion in 2025 and grow at a CAGR of 15.63% to reach USD 1.48 billion by 2030.
What is the current Europe Smart Lock Market size?
In 2025, the Europe Smart Lock Market size is expected to reach USD 0.72 billion.
Who are the key players in Europe Smart Lock Market?
ASSA ABLOY, Allegion PLC, Eufy, Sentrilock LLC and ZKTeco Co Ltd are the major companies operating in the Europe Smart Lock Market.
What years does this Europe Smart Lock Market cover, and what was the market size in 2024?
In 2024, the Europe Smart Lock Market size was estimated at USD 0.61 billion. The report covers the Europe Smart Lock Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Smart Lock Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Europe Smart Lock Industry Report
Statistics for the 2025 Europe Smart Lock market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Smart Lock analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
