Smart Lock Market Trends Insights 2025-2033
The global smart lock market is expected to grow immensely, reaching US$ 11.77 billion by 2033 from US$ 2.64 billion in 2024. This robust expansion represents a compound annual growth rate of 18.05% from 2025 to 2033. The growth is mainly driven by rising demand for enhanced security solutions, increasing adoption of smart home technologies, and advancements in IoT. Smart locks are transforming security systems across residential and commercial sectors worldwide.