The Asia-Pacific Smart Lock is anticipated to grow at a CAGR 10.6% during the forecast period. The Asia-pacific smart lock market is propelling at a significant rate across the globe. The large smartphones consumer base along with the wide availability of internet in the emerging economies of the region, particularly in India, China, and Japan, is majorly propelling the adoption of Asia Pacific smart lock. The Internet of Things (IoT) is the connection of devices for establishing a connection between the objects. The rapid penetration of smartphones has further augmented the connectivity of objects, which majorly includes internet connection of home objects such as door locks, fan, and lights, among others.

According to a white paper published by United Parcel Service (UPS) and the United States’ Consumer Technology Association, in March 2018, the smart cities possess the potential to become a major global development sector in Asia Pacific. The region is equipped with the advanced technologies, urban needs, and government support, which are essentially required in the rapid development of smart cities in the market. APAC smart lock market is segmented into India, China, Japan and RoAPAC. China holds the highest market share in the APAC smart lock market. India is expected to be the fastest growing region in APAC smart lock market.

Furthermore, Asia-Pacific smart locks market consists of various players that are manufacturing and marketing various types of smart locks to cater to a wide range of customers from around the globe. The major key market players that are contributing in the growth of the this market include DAHUA TECHNOLOGY CO LTD., Dormakaba Holdings AG, Hangzhou Hikvision Digital Technology Co., Ltd., Be-Tech Asia LTD., Shenzhen Vians Electric Lock Co., Ltd., SAMSUNG ELECTRONICS CO.LTD, Assay Abloy AB, Schlage, Unikey Technologies Inc. and Panasonic Corp.

Research Methodology

The market study of the Asia-Pacific Smart Locks market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for the electronic and IT industry, ICT (Information and Communication Technology) and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. The Asia-Pacific Smart Locks Market Research and Analysis by Communication Protocol

2. The Asia-Pacific Smart Locks Market Research and Analysis by Application

3. The Asia-Pacific Smart Locks Market Research and Analysis by Type

The Report Covers

• Comprehensive research methodology of the Asia-Pacific Smart Locks market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific Smart Locks market.
• Insights about market determinants which are stimulating the Asia-Pacific Smart Locks market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.