North American Smart Lock is anticipated to grow at a CAGR 10.3% during the forecast period. The major factor that are augmenting the North American smart locks market include high penetration of smartphones and other connected devices and safety concern coupled with increasing crime rates. The major countries which will contribute in the market are US and Canada. North America is a continent were most of the countries are developed economy including US and Canada. According to the Centre for Digital Information (CDI) North America is the home of approximately 11% of the smartphone users across the globe. 

The total number of smartphone users in North America `is estimated to be 229 million in 2016, up from 189 million in 2014. It is further estimated to reach 272 million by the year 2020 as per CDI. US is estimated to be the major market of smartphones in North America. Smartphones acts as a gateway to large number of connected devices and increasing number of smartphones is estimated to augment the demand of smart locks. The North America smart lock market is segmented into the US and Canada. The US holds the highest market share in the North America smart lock market. Whereas, Canada holds significant market share in the North America smart lock market.

North American smart lock market consists of various players that are manufacturing the several types of smart lock to cater to a large range of customers across the globe. The key players that are active in the market include Candy House Inc., Cansec Systems Ltd., HavenLock Inc., Spectrum Brands Holdings, Inc., Kwikset Corp., Master locks Co., MIWA Lock Co., Ltd., Onity Inc., August Smart lock, Sentrilock LLC, UniKey Technologies and Schlage. 

Research Methodology

The market study of the North American 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

• 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. North American Smart Lock Market Research and Analysis by Communication Protocol

2. North American Smart Lock Market Research and Analysis by Application

3. North American Smart Lock Market Research and Analysis by Type

The Report Covers

• Comprehensive research methodology of the North American Smart Lock 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 North American Smart Lock market.
• Insights about market determinants which are stimulating the North American Smart Lock market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.