US Smart Lock Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The US Smart Lock Market is Segmented By End-User (Residential, Commercial), and Type (Deadbolt, Padlock).

US Smart Lock Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

US Smart Locks Market Size

View Global Report
United States Smart Lock Market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 11.20 %
Market Concentration Medium

Major Players

United States Smart Lock Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of United States Smart Lock Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

US Smart Locks Market Analysis

The United States Smart Lock Market is expected to register a CAGR of 11.2% during the forecast period.

  • The adoption of smart locks is still not prevalent in the United States in comparison with the adoption of other smart homes devices. According to a recent study conducted by the Consumer Technology Association (CTA), about 69% (translates to 83 million households) of US households now own at least one smart home device. Of which, the adoption of smart speakers in the country is high, with a rate of 28%, whereas the adoption of smart locks is only 10%-statistics such as these highlights the opportunity for market players by following proper marketing strategies.
  • The expansion of the key players in the US market to other regions, especially in European nations, is also expected to provide a strong impetus for market growth. For instance, at CES 2020, August Inc. and Yale Locks (smart lock manufacturers based out of United States) announced new smart locks in their product portfolios and the availability of their products for new and existing owners of Yale Smart Lock in the EMEA region under the name 'Yale Access module.'
  • The new product 'Wi-Fi Smart Lock' from August Inc. mandates two-factor authentication and two-layer encryption and can be remotely managed through their App and cloud. Similarly, the new Linus Smart Lock from Yale is equipped with DoorSense technology that can monitor the lock/unlock position of the door and notify. It also supports the unlocking of doors via smartphones.
  • New product launches in the market could have a significant impact on both the occurrence and nature of competitive reactions. For instance, in November 2020, EZVIZ, a global vendor in home intelligence having headquarters in California, has expanded its innovative smart home product range to include fingerprint locks. The newly launched L2 Smart Lock inherits EZVIZ's core competency in security. The lock features four methods for unlocking a door and serves as a doorbell at the same time. More importantly, it helps protect the household against potential forced entry through a bundle of security features that includes auto-locking and anti-tamper alarms.

US Smart Locks Industry Overview

The intensity of competitive rivalry depends on various factors affecting the market, such as brand identity, powerful competitive strategy, and distribution control, to name a few. However, by incorporating strategies across enhanced functionality, such as remote access, wireless capabilities, strategic partnerships (added services, benefits, product bundling, and distribution), and deeper discounts, the market vendors have been distinguishing their offerings significantly. The brand identity is strongly associated with the companies that have a major influence in this market. As strong brands are synonymous with good performance, long-standing players are expected to have the upper hand. Owing to their market penetration and the ability to offer advanced products, the competitive rivalry is expected to continue to be high.

US Smart Locks Market Leaders

  1. Honeywell International Inc.

  2. Johnson Controls International PLC

  3. August Home Inc. (AssaAbloy)

  4. Kwikset (Spectrum Brands)

  5. Allegion plc

  6. *Disclaimer: Major Players sorted in no particular order
United States Smart Lock Market
Need More Details on Market Players and Competiters?
Download PDF

US Smart Locks Market News

  • April 2021: Yale launched Linus Smart Lock with the abiity to connect with leading smart home systems, voice assistants, and home share platforms for effortless door control and access management.

US Smart Locks Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Intensity of Competitive Rivalry
    • 4.2.5 Threat of Substitute Products
  • 4.3 Technology Trends (Commentary on BLE and Wi-Fi based Smart Locks) and Price Trends Over the Years
  • 4.4 Industry Stakeholder/Ecosystem Analysis
  • 4.5 Distribution Channel Analysis (Direct Vs Indirect)
  • 4.6 Impact of COVID-19 on the Smart Lock Market (Decrease in Demand for Smart Locks due to Lockdown Implementation | Near and Medium-term Impact on the Growth Trajectory)
  • 4.7 Market Drivers
    • 4.7.1 Increasing Smart Home Adoption, Increase of Home break-ins, Thereby Aiding in the Market Growth for Residential Segment
  • 4.8 Market Challenges
    • 4.8.1 Lack of Awareness Combined With High Cost of the Products Offered by the Vendors
  • 4.9 Market Opportunities
    • 4.9.1 Government InitiativesRegarding Increase in IoT Spending

5. MARKET SEGMENTATION

  • 5.1 By End-user
    • 5.1.1 Residential
    • 5.1.2 Commercial
  • 5.2 By Type
    • 5.2.1 Deadbolt
    • 5.2.2 Padlock
    • 5.2.3 Other Types (Lever Handles, Mortise)

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Crestron Electronics, Inc.
    • 6.1.2 Johnson Controls International plc
    • 6.1.3 August Home Inc. (AssaAbloy)
    • 6.1.4 Honeywell International Inc.
    • 6.1.5 Kwikset (Spectrum Brands)
    • 6.1.6 Master Lock (Fortune Brands Home & Security)
    • 6.1.7 The Chamberlain Group Inc.
    • 6.1.8 Allegion plc
    • 6.1.9 U-tec Group Inc.
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. FUTURE OF THE MARKET

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

US Smart Locks Industry Segmentation

A smart lock is an electromechanical device used for locking that facilitates users in various industries to access and unlock the device remotely to enter the premises. Smart locks allow remote authentication to be verified and authorized users by providing access to smartphone connections and other smart devices through various communication technologies, like Wi-Fi, Bluetooth, Zigbee, or Z-Wave. The United States smart lock market is segmented on the basis of End-users that cover Residential as well as Commercial users and by Type of lock that covers Deadbolt, Padlock, and other types of locks such as Lever Handles and Mortise.

By End-user Residential
Commercial
By Type Deadbolt
Padlock
Other Types (Lever Handles, Mortise)
Need A Different Region or Segment?
Customize Now

US Smart Locks Market Research FAQs

What is the current United States Smart Lock Market size?

The United States Smart Lock Market is projected to register a CAGR of 11.2% during the forecast period (2025-2030)

Who are the key players in United States Smart Lock Market?

Honeywell International Inc., Johnson Controls International PLC, August Home Inc. (AssaAbloy), Kwikset (Spectrum Brands) and Allegion plc are the major companies operating in the United States Smart Lock Market.

What years does this United States Smart Lock Market cover?

The report covers the United States Smart Lock Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States Smart Lock Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

US Smart Locks Industry Report

Statistics for the 2025 United States Smart Lock market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States 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.