The European Smart Lock is anticipated to grow at a CAGR 10.0% during the forecast period. As per Center Intelligence Agency, the population of European Union in 2017 was 516 million. Germany, France and the UK have largest population and economy in Europe. The major countries which will contribute in the European smart lock market are the UK, Germany, France, Italy and Spain. Government initiatives and funding, high expenditure capacity of the people, presence of major market player is some of the major factor augmenting the market growth. European Union is one of the unique economic and political unions between countries that together cover much of the continent.
According to the European Commission, there has been total 22,772 number of intentional homicide cases in the region followed by 94,818 numbers of rape cases and more than 7.5 million of theft-cases in the region. In such cases, the implementation of the smart locks provides better security and safety to the people and their properties. The integration of the smart locks with mobile phones has been a boon to the security industry as by this the access of the smart locks becomes easy. Increased mobile phone subscription in the supports of the European smart lock market growth as it enables the owner to keep an eye over its property even in the absence.
The major key market players that are contributing in the growth of the market in this market include Dessmann Schliessanlagen GmbH, Salto system S.L, Samsung Electronics Co., Ltd., August Home, ZKTeco Europe, Panasonic Corp., Vivint, Inc., Assa Abloy AB, Unikey Technologies Inc. and Honeywell International, Inc. These companies are contributing in the market by introducing new products and development of the new technologies.
Research Methodology
The market study of the European Smart Lock 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
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 European Smart Lock Market Research and Analysis by Communication Protocol
2. The European Smart Lock Market Research and Analysis by Application
3. The European Smart Lock Market Research and Analysis by Type
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. European Smart Locks Market by Communication Protocol
5.1.1. Bluetooth
5.1.2. Wi-Fi
5.1.3. Others
5.2. European Smart Locks Market by Application
5.2.1. Residential
5.2.2. Government
5.2.3. Commercial
5.3. European Smart Locks Market by Type
5.3.1. PadLocks
5.3.2. Lever Handles
5.3.3. Deadbolts
5.3.4. Others
6. Regional Analysis
6.1. European
6.1.1. UK
6.1.2. Germany
6.1.3. Italy
6.1.4. Spain
6.1.5. France
6.1.6. Rest of Europe
7. Company Profiles
7.1. Assa Abloy AB
7.2. August Home
7.3. Dessmann Schliessanlagen GmbH
7.4. Honeywell International, Inc.
7.5. Panasonic Corp.
7.6. Salto system S.L
7.7. Samsung Electronics Co., Ltd.
7.8. Unikey Technologies Inc.
7.9. Vivint, Inc.
7.10. ZKTeco Europe
1. EUROPEAN SMART LOCKS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
2. EUROPEAN SMART LOCKS MARKET RESEARCH AND ANALYSIS BY COMMUNICATION PROTOCOL, 2018-2025 ($ MILLION)
3. EUROPEAN SMART LOCKS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
4. EUROPEAN SMART LOCKS MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
1. EUROPEAN SMART LOCKS MARKET SHARE BY COUNTRY, 2018 VS 2025 (%)
2. EUROPEAN SMART LOCKS MARKET SHARE BY COMMUNICATION PROTOCOL, 2018 VS 2025 (%)
3. EUROPEAN SMART LOCKS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
4. EUROPEAN SMART LOCKS MARKET SHARE BY TYPE, 2018 VS 2025 (%)
5. UK SMART LOCKS MARKET SIZE, 2018-2025 ($ MILLION)
6. GERMANY SMART LOCKS MARKET SIZE, 2018-2025 ($ MILLION)
7. ITALY SMART LOCKS MARKET SIZE, 2018-2025 ($ MILLION)
8. SPAIN SMART LOCKS MARKET SIZE, 2018-2025 ($ MILLION)
9. FRANCE SMART LOCKS MARKET SIZE, 2018-2025 ($ MILLION)
10. REST OF EUROPE SMART LOCKS MARKET SIZE, 2018-2025 ($ MILLION)