Smart Door Lock Market Set to Reach USD 14.90 Billion by 2033, Driven by Smart Home Adoption and Rising Security Demand | Research by SNS Insider

Market Overview - The Smart Door Lock Market is valued at USD 3.28 billion in 2025 and is projected to reach USD 14.90 billion by 2033, with a CAGR of 20.88% during the forecast period [1] - The U.S. smart door lock market is valued at USD 0.96 billion in 2025 and expected to grow to USD 4.25 billion by 2033, with a CAGR of 20.54% from 2026 to 2033 [4] Market Drivers - The rapid expansion of the smart door lock market is driven by increased usage of IoT-enabled devices, heightened consumer focus on home security, and growing acceptance of smart home ecosystems [2] - Key factors propelling the U.S. market include strong smart home adoption, rising security concerns, and extensive smartphone usage [4] Segmentation Analysis By Lock Type - Deadbolt locks hold a 34.6% market share due to their strong security perception and reliability, while Retrofit Locks are the fastest-growing segment with a CAGR of 24.8% [5] By Access Mechanism - Keypad locks lead with a 31.9% share, favored for their simplicity and affordability, while Biometric locks are the fastest-growing segment with a CAGR of 26.4% [6] By Connecting Technology - Wi-Fi technology dominates with a 42.3% market share, while other technologies are growing rapidly at a CAGR of 28.1% [8] By End-User - The residential segment leads with a 56.8% share, driven by smart home adoption and security concerns, while the hospitality sector is the fastest-growing segment with a CAGR of 23.9% [9] Regional Insights - North America holds a 36.00% share of the smart door lock market in 2025, attributed to high adoption of smart home technologies and consumer awareness [10] - The Asia Pacific region is expected to grow at the fastest CAGR of about 22.07% from 2026 to 2033, driven by urbanization and rising middle-class population [10] Consumer Trends - There is a rising demand for smart door locks due to increased adoption of smart home technologies, with consumers prioritizing convenience features such as keyless entry and remote access [11] Key Players - Major companies in the smart door lock market include ASSA ABLOY, Allegion, dormakaba Group, Honeywell, Samsung, and Xiaomi among others [14] Recent Developments - In May 2024, ASSA ABLOY launched the ENTR Pro smart lock with Apple Wallet integration, and in January 2025, Allegion introduced the Schlage Sense WiFi Smart Lock with on-device AI [13]