Electronic home locks market size | Share & Outlook 2025

Q: What is the projected growth of the electronic home locks market?

The market is projected to reach approximately USD 6.1 billion by 2030.

Q: What is the CAGR of the electronic home locks market?

The market is expected to grow at a CAGR of 11.2% during the forecast period.

Q: What is driving the growth of the electronic home locks market?

The key drivers include smart home adoption, increasing security concerns, and technological innovations.

Q: What is the size of the electronic home locks market?

The electronic home locks market was valued at around USD 2.6 billion in 2022.

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Electronic Home Locks Market Size鈥瘄 Trends, Adoption Drivers & Forecast 2025

Code: MTA4413

Publication Date: Jun 2025

What is the Electronic home locks market Size?

According to 绿帽社 internal database and industry insights, the Global Electronic Home Locks Market was valued at USD 2.6 billion in 2024 and is anticipated to exceed USD 6.1 billion by 2031, registering a steady at a CAGR of 11.2% during the forecast period.

The market for electronic home locks will continue to flourish due to the rising need for smart home solutions, increasing concerns surrounding home security, and the proliferation of IoT- powered devices. Electronic home locks offer convenience, remote access, and increased control, all of which are attractive for the modern home. Electronic home locks which integrate biometric and smartphone-controlled locks - are responsible for additional expansion of the market.

Major Growth Factors of the Electronic home locks market

Increasing urbanization and security awareness
Growing adoption of smart homes
Growth in urbanization and smart cities
Increasing disposable income and lifestyle changes
Technological advancements in biometric systems
Rising penetration of Smartphone and IoT
Government initiatives promoting smart infrastructure
Demand from residential and commercial sectors听

Electronic home locks market Trends

听The electronic home locks market are being made that connect to devices like smart phones or biometric readers. Consumers prefer locks with remote access and activity tracking. Integration with voice assistants and home automation systems is becoming more common. All of these features provide convenience and security while responding to the growing demand for connected, smart ways of living.

Emerging Developments in the Electronic home locks market

听Electronic home locks market is anticipated to emerge with technologies like Artificial Intelligence (AI) facial recognition systems, one-time-use passcodes for transient visitors, and energy-efficient locking mechanisms are on the rise. Companies are putting an emphasis on cloud and blockchain technologies to improve data security and user privacy, which will expand the range of electronic home locks, as well as increase their reliability. Overall, these developments are facilitating the creation of smarter, more adaptable systems that serve a variety of user requirements and use cases.