DIGITAL DOOR LOCK SYSTEM MARKET ANALYSIS

Market Concentration and Competitive Landscape

Close-monitor your Competitor's Move, Request sample copy

Emergence of smart home trends

 There has been a rising trend of integration of different smart home devices and technologies under a common network due to digitalization influencing lifestyles. Homeowners are looking to automate control and monitoring of various appliances and facilities for added convenience and efficiency. In line with this trend, smart locks with Wi-Fi and Bluetooth connectivity are gaining traction as these can be seamlessly controlled through smartphones and smart speakers. Voice commands via virtual assistants like Siri and Alexa enables hands-free locking and unlocking of doors. Advanced digital locks also support entry using biometrics like fingerprints without the need for keys or codes.

The ability to integrate digital locks with smart thermostats, security cameras, lighting systems and smart home hubs provides a holistic smart home experience. For example, unlocking the door through a mobile app or biometrics could automatically switch on the lights and adjust thermostat settings for comfort. Homeowners can also use presence detection through connected devices and apps to ensure security when away. Growing ecosystem of connected devices boosts demand for digital door locks that offer compatibility with various smart home platforms.