The UK Smart Lock is anticipated to grow at a CAGR 10.2% during the forecast period. The factor such as Increasing crime rates, high burglaries rate, investment of the government in security and surveillance of public places and government infrastructure will surge the adoption of advanced security systems such as smart locks. Thus, propels the growth of the UK smart lock market during the forecast period. The country has well developed infrastructure having about 460 airports, 16,000 km of railways lines, 400 thousand km of roadways and more than 620 km of waterways for commercial purpose. Furthermore, the Europe is home to many major smart lock manufacturing companies such as Assa Abloy (Global Technologies), Bosch Security Systems, Allegion PLC and many more.

Nowadays, smart locks are often integrated with the software that enables the operation of smart locks through mobile phones. These portable electronic smart devices are in reach to everyone making it easier to keep track on the property while away from them. According to International Telecommunication Union, mobile cellular subscriptions have grown to 79.1 million in 2017 from 78.6 million. The rise in the mobile phones subscriptions in the UK will support the adoption of the smart locks.

Smart locks have seen quite good adoption in the market owing to their various advantages over conventional locks. Primary reason being their connection with the smartphones and other electronic devices that alerts the owner of the property regarding the impending adverse activity and thus, ensures safety of the property. The major market players active in the UK smart locks market includes ASSAY ABLOY, August Smart lock, Yale Locks, Nuki Home Solutions GmbH, ZKTeco Co., Ltd., Master Lock Co. LLC, Samsung Electronics Co., Ltd. and GANTNER ELECTRONIC GMBH.

Research Methodology

The market study of the UK 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 UK   Smart Locks Market Research and Analysis by Communication Protocol

2. The UK   Smart Locks Market Research and Analysis by Application

3. The UK   Smart Locks Market Research and Analysis by Type

The Report Covers

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