Astrix Engineering Products (P) Ltd was formed in March 2018 at Coimbatore to manufacture “Smart Door Locks” to cater the market in India and abroad. The smart locks are operated through mobile phones and many features in the lock are built in India for the first time. ...
Smart Lock Market Size & Trends The global smart lock market size was valued at USD 2.32 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 19.6% from 2023 to 2030. The emergence of growing technologies like the Internet of Things (IoT), Artificial Intelli...
Smart Lock Market Analysis The Smart Lock Market size is estimated at USD 2.80 billion in 2024, and is expected to reach USD 5.75 billion by 2029, growing at a CAGR of 15.40% during the forecast period (2024-2029). The increasing adoption of smart home architecture worldwide, including fe...
Allegionheld the third position in the smart lock market in 2021, with an approximate share of 8–9%. The company operates through the following three geographic segments: Americas, the Middle East, India, and Africa (EMEIA), and Asia Pacific. The Americas segment sells products and solutions...
The globalsmart lock marketsize reached US$ 2.3 Billion in 2023. A smart lock is an electro-mechanical system that performs the locking and unlocking function after receiving commands from an authorized source. It uses a cryptographic key to grantaccessto the user for a certain period. These co...
Smart Lock Market Growth & Trends The global smart lock market size is expected to reach USD 8.13 billion by 2030, and is anticipated to register a CAGR of 19.6% from 2023 to 2030, based on a recent report by Grand View Research, Inc. Key factors driving the growth of the smart lock ...
1 Smart Door Lock, Manual, 8 Aa Batteries, Keys, 2 Rf Cards General Brand SAMSUNG Model Number SHS 5120 Brand Color Black Color Black Finish Metallic Functions RF Card, Password(Touchscreen),Mechanical Key Compatible Devices Smartphone, tablets, Remote Connectivity Type Wifi Battery Features Battery...
Smart Lock Market Size : The globalSmart Lock MarketSizeis estimated to be USD 2.14 billion in 2022 and is projected to reach USD 3.93 billion by 2027 at a CAGR of 12.9% and growing at a high CAGR in 2030. The rising popularity of home automation and smart homes has fueled the demand...
‘SmartLock’, the first-of-its-kind measure in the Indian banking sector, also allows customers to lock/unlock the entire iMobile Pay. Customers can use this feature to deactivate a particular banking service during a period of time. They can also use it in case of a possible ...
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