connected homesIoT

Smart Home Market Update; and Smart Lock Market Trends

By April 12, 2021 No Comments

Here are two recent summaries of research reports from Strategy Analytics, a ASHB member.

Smart Lock Market – Analysis, Trends, Forecasts – August 2020

This report is Strategy Analytics’ annual assessment of one of the largest and fastest-growing smart home device segments. This smart home device market is arguably one of the most active, behind only perhaps smart light bulbs and video doorbells. Dozens of startups dot the competitive landscape, smaller companies such as Danalock, Hampton, Level, and Lockly are implementing unique features, and established competitors such as Kwikset, Schlage, and Yale are taking note. In addition, the lock market’s potential has attracted software companies and service providers as well as hardware makers.

This report highlights the key players and market dynamics driving the smart lock market globally, as well as in North America, Western Europe, Asia-Pacific, and Rest of World. It presents Strategy Analytics’ latest smart lock units sold and consumer spending forecasts for each region out to 2025, with additional global and regional analysis and assessment of regional market and customer trends.

Smart Home Market Update – April 2021

This report by Jack Narcotta and William Ablondi provides in one document detailed looks into Smart Home Strategies’ forecast data, geographic and device segment analysis, and consumer smart home trends. It is intended to provide Strategy Analytics’ outlooks and identify for clients key success factors – and challenges – for the smart home market in 2021 and beyond, as well as serve as an examination of the smart home market’s recent past.


Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. For more information: