Smart Door Lock Market Unlocking the Future of Home Security
The global Smart Door Lock Market is undergoing rapid transformation as consumers and businesses increasingly seek convenience, connectivity, and enhanced security. Driven by advancements in Internet of Things (IoT) technology and rising concerns over residential and commercial safety, the market has witnessed significant growth. As urbanization accelerates and smart homes become the norm rather than the exception, the demand for smart locks is expected to soar in the coming years. Market Overview The Smart Door Lock Market was valued at US$ 2.1 billion in 2023 and is projected to reach US$ 7.2 billion by 2031 , growing at a CAGR of 16.7% from 2023 to 2031 . This growth is fueled by increasing consumer awareness, integration with home automation systems, and the rise of mobile-enabled security solutions. Smart locks provide remote access control, real-time monitoring, and customized entry permissions, making them popular across residential...