Smart lock market to hit $13B by 2033

The global smart lock market is projected to grow from $5.0 billion in 2026 to $13.0 billion by 2033, driven by smart home adoption, digital security demand and broader IoT use. North America leads the market, while manufacturers add biometrics, wireless connectivity and cloud management to win residential and commercial buyers.

Why it matters: - Smart locks are moving from a niche upgrade to a mainstream security category across homes, offices, hotels and industrial sites. - The market’s projected rise to $13.0 billion by 2033 signals growing demand for connected access control and recurring investment in smart building infrastructure. - The shift matters for consumers and property operators because smart locks reduce key-related friction and add remote access, monitoring and automation.

What happened: - Persistence Market Research values the global smart lock market at $5.0 billion in 2026. - The firm projects the market will reach $13.0 billion by 2033. - The forecast implies a 14.6% compound annual growth rate from 2026 to 2033. - North America leads the market on the back of smart home adoption, IoT infrastructure and higher home-security spending. - The report was released July 29, 2026.

The details: - Smart locks now include biometric authentication, wireless connectivity and remote access. - Residential users can lock and unlock doors through mobile apps, track entry activity in real time and grant temporary access without physical keys. - Smart home platforms strengthen demand by linking smart locks with voice assistants, cameras, lighting and home monitoring devices. - Security features include encrypted communication, automatic locking, tamper alerts and real-time notifications. - Commercial users, including offices, hotels, schools and healthcare facilities, are adopting smart locks to simplify access management and reduce risks tied to lost or duplicated keys. - Manufacturers are improving battery life, wireless speed, cybersecurity and compatibility with smart home ecosystems. - Artificial intelligence, cloud computing and mobile tools are expanding analytics and remote control across multiple properties. - The report segments the market by product type: biometric lock, electronic/sensor lock, remote control lock and pin code reader lock. - The report segments the market by technology: Bluetooth, Wi-Fi, Z-Wave, Zigbee and others. - The report segments the market by application: residential, commercial, industrial, automotive and others. - The report covers North America, Europe, East Asia, South Asia and Oceania, Latin America, and the Middle East and Africa. - The report highlights market forecasts, competitive intelligence, growth factors, challenges, strategic initiatives, pricing analysis, technology roadmap, future opportunities and revenue pockets. - The report names ASSA ABLOY, Allegion, dormakaba, Spectrum Brands, Master Lock, Xiaomi, Samsung SDS, Nuki, Salto Systems, Honeywell, Carrier Global, ZKTeco, Godrej & Boyce, Onity and Adel Group as companies in the space. - The report includes sample and customization links: Download Your Free Sample and Customize This Report. - The full report is available via Checkout Now & Download Complete Market Report.

Between the lines: - The market’s growth is being shaped by two forces at once: consumer convenience and stronger security expectations. - North America’s lead suggests smart lock adoption depends not just on product availability but also on connected-home infrastructure and willingness to pay for upgraded security. - The report’s focus on AI, facial recognition and cloud access management points to a market moving beyond basic door entry into broader property-management software.

What's next: - More growth is expected as smart cities, connected buildings and digital security systems expand. - Contactless access demand in hospitality, healthcare and commercial buildings should keep opening new use cases. - Manufacturers are likely to compete on cybersecurity, interoperability and user experience as the market matures. - The report sees future gains from facial recognition, cloud-based access management and deeper AI integration.

The bottom line: - Smart locks are becoming a core part of connected security, and the market is on track for sustained double-digit growth through 2033.