The global smart lock market will reach $3.6 billion in 2019
"The mainstream of smart home is to promote the innovation of home electronics or systems that have been neglected before," said Michael Wolf, principal analyst at NextMarket. "Old-fashioned home hardware companies are facing more and more competition, and emerging smart connection lock manufacturers are entering. The market has triggered a revolution in the market for residential locks."
The first generation of smart locks is based on Z-Wave and Zigbee and is integrated as part of the home smart home platform. The new generation of innovative smart locks integrates low-power Bluetooth, Wi-Fi and NFC (Near Field Communication), with low cost and easy access to control access via a smartphone connection.
Wolff said: "Although today's smart connection locks are mainly based on Z-Wave and Zigbee, we believe that new smart locks using wireless smart interfaces and cloud connections will occupy the largest market share in the next few years."
The use of smartphones has gradually expanded to include wallets and TV remotes. Will it be the “digital key†of the house in the future? In addition, NextMarket believes that the owner of the house can create a “digital key†for visitors through smart locks, track guest activities, and pass The application and cloud management tools revoke the "digital key" of the visitor. This will become a big selling point for smart locks in the next few years.
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