What’s Next for North America Smart Locks Market Beyond 2027?
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The North America Smart Locks market is projected to reach US$ 1,282.5 Mn by 2027 from US$ 529.7 Mn in 2019; it is expected to grow at a CAGR of 11.9% from 2020 to 2027.
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The global rise in smartphone users has significantly contributed to the growing adoption of smart locks in recent years. These devices offer enhanced convenience and user-friendly interfaces, making them an increasingly attractive choice for consumers. Key factors driving the growth of the smart lock market include heightened awareness of home security solutions, continuous innovation in smart devices such as smartphones, rising disposable incomes, and the rapid expansion of internet services.
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