In 2023, the global smart lock market will reach US$1.9 billion. A smart lock is an electromechanical system that performs locking and unlocking functions upon receiving commands from an authorized source. It uses encryption keys to grant users access for a period of time. These commands are typically transmitted via a wearable device, smartphone, or tablet using Wi-Fi or Bluetooth. It also offers other features such as notifications via SMS and email, and a camera with recording capabilities to provide visuals of people at the door. Due to these properties, smart locks are widely adopted in commercial and residential sectors across the world.
According to our analysis, top smart lock companies are integrating advanced technologies such as cloud-based locking and unlocking to enable users to access these locks remotely through virtual devices. They also launched a smart lock with an embedded three-dimensional (3D) biometric fingerprint sensor and built-in Wi-Fi functionality that is also compatible with Alexa and Google Assistant.
For example, August Inc. (ASSA ABLOY) announced the launch in January 2020 of a Wi-Fi smart lock, which has a compact design and built-in Wi-Fi connectivity, eliminating the need to pair the smart lock with an external bridge. Additionally, various key players also invest in research and development (R&D) activities and engage in mergers and acquisitions (M&As) to strengthen their foothold in the global market. Looking forward, IMARC Group expects the market value to reach US$5.41 billion by 2028, growing at a CAGR of 19.8% during the forecast period (2023-2028).
In today’s guide, we will next introduce you to the top 16 companies in the smart lock industry. Read on to learn more.
1. Top 16 Smart Lock Companies
Below is a list of the largest smart lock companies and manufacturers in the world.
1) ASSA Abloy AB
Founded: 1994
Headquarters: Stockholm, Sweden
Website: https://www.assaabloy.com/
ASSA ABLOY was founded in 1994 from the merger of two independent companies, ASSA and Abloy. The company currently provides products and services related to locks, doors, gates, and entrance automation. It manufactures mechanical and electromechanical locks, digital door locks, lock cylinders, door accessories, door frames, access control equipment, fire doors, and hardware products. For companies, government and state agencies, healthcare, education, and financial industries, it provides identity solutions such as identity and access management, biometrics, authenticity and brand protection products, contactless RFID tags and transponders, and government IDs. Currently, Assa Abloy operates in 70 countries and sells its products under the following brands:
- Assa Abloy
- Yale University
- HID
2) Allegion Plc
Founded: 1908
Headquarters: Dublin, Ireland
Website: https://www.allegion.com/
Allegion Plc is a well-known supplier of security products for homes and businesses. It offers door closers, controls, egress devices, portable locks, key systems and services, electronic security products, access control systems, time, attendance, workforce productivity systems, and other accessories. The company sells its products and solutions to end users in institutional, commercial, and residential facilities, including education, healthcare, government, hospitality, commercial office, and single-family and multi-family residential markets. The company also owns several brands, including:
- CISA
- interflex
- LCN
- Schrager
- Simmons Voss
- Von Duplin
3) DormaKaba Holding AG
Date of establishment: 2015
Headquarters: Rumlan, Switzerland
Website: https://www.dormakabagroup.com/
Dormakaba Holding AG is a global security group formed in 2015 through the merger of Dorma and Kaba companies. It operates through five segments namely Access Solutions AMER, Access Solutions APAC, Access Solutions DACH, Access Solutions EMEA, and Key and Wall Solutions. The company offers door hardware products such as door closer systems, door locks, escape route systems, and entrance systems for hotels, shops, sports venues, airports, hospitals, homes, and offices. Currently, Dormakaba has approximately 15,000 employees in more than 50 countries around the world.
4）iLockey
Date of establishment: 2008
Headquarters: Shenzhen, China
Website: https://www.ilockey.com/
Founded in 2008 in Shenzhen, China, iLockey has focused on wholesale smart door locks for more than 15 years and is China’s leading smart lock company. iLockey can provide one-stop smart lock solutions for public areas, private residential smart access control, traditional hotels, B&Bs, short-term rentals, and other places. Their products include smart door locks, digital hotel locks, smart cabinet locks, and lock accessories. All our smart locks strictly comply with CE, SGS, and European fire test standards. Especially the hotel lock system, since it is integrated into Opera PMS, you can easily win high-end hotel projects. iLockey’s smart locks have been widely used in Technogym, IHS Hotel & Resort, Haogan Fitness, Huawei Talent Apartment, and many other brand companies. If you are looking for a Chinese custom smart door lock manufacturer or have limited experience in how to customize your lock system, ilockey will be your best choice.
5）Spectrum Brands Holdings, Inc.
Founded: 1906
Headquarters: Wisconsin, USA
Website: https://spectrumbrands.com/
Spectrum Brands Holdings, Inc., formerly known as Rayovac, is a global branded consumer products company. The company manufactures and sells various brands of home appliances, including
- Black & Decker
- Remington
- George Foreman
- Russell Hobbs
In the hardware and home improvement segment, the company offers residential locks, hardware, and plumbing products. In addition to retail outlets, e-commerce retailers, wholesalers, and distributors, the company sells its products online.
6）Salto Systems SL
Founded: 2001
Headquarters: Gipps, Spain
Website: https://saltosystems.com/
Salto Systems manufactures and distributes security products. The company develops and sells access control platforms, electronic lock solutions, and related software products. Since its inception, Salto has been the first to anticipate market needs in rapidly evolving markets, redefining the world of access control. Currently, it offers electronic locks, energy-saving devices, locker locks, access controllers, and electronic lock cylinders. The company has 40 offices and 28 subsidiaries. It also employs 1,200 employees and 220 professionals dedicated to designing and developing new technologies for access control and infrastructure management.
7）Onity, Inc.
Founded: 1941
Headquarters: Oregon, USA
Website: https://www.onity.com/
One of the world’s leading manufacturers of electronic locking systems is Onity, Inc. The company began as a lock manufacturer and is now a leading global supplier of electronic locking systems to multiple industries. The company’s growing facility management product portfolio includes energy management systems, electronic in-room safes, electronic lock solutions, and mobile key solutions. It serves clients in the hotel, vacation rental, corporate, education, government, and marine industries. The company has installed more than 4 million electronic locks worldwide and has customers in approximately 125 countries.
8）Cansec Systems Ltd.
Founded: 1987
Headquarters: Ontario, Canada
Website: https://www.cansec.com/
Cansec Systems is a leading manufacturer specializing in the design and manufacture of innovative proximity, biometric, and keypad access control systems. It provides access control systems and access control peripherals to customers across Canada. It sells and markets its products through an expanding network of authorized dealers and distributors. In addition, the company recently launched its advanced product Webster, which can support up to 8 doors without any additional software or subscription fees.
9）Gantner Electronic GmbH
Founded: 1982
Headquarters : Vorarlberg, Austria
Website: https://www.gantner.com/
GANTNER is a leading manufacturer and developer of integrated NFC system solutions. It provides NFC/RFID technology-based solutions for health clubs, attractions, water parks, leisure facilities such as public pools and spas, as well as commercial, educational, and medical institutions. It also offers access control, electronic locks for lockers, cashless payments, and ticketing software. The company has been part of the Salto Group since 2020 and currently operates in more than 70 countries around the world.
10）Master Lock Company LLC
Founded: 1921
Headquarters: Wisconsin, USA
Website: https://www.masterlock.com/
Master Lock Company, an operating division of Fortune Brands Home & Security, Inc., is one of the leading manufacturers of padlocks, combination locks, safes, and related security products. It provides a wide range of innovative security solutions to consumer, commercial, and industrial end users. It offers backpack locks, bike locks, adjustable locking cables, built-in combination and built-in key locks, padlock accessories, and key replacement kits and tools. The company also acquired Sentry Safe to leverage its global network, enter new market segments, increase the scale of its existing business, and gain access to innovation and channel expansion opportunities.
11）MIWA Lock Co.
Founded: 1945
Headquarters: Tokyo, Japan
Website: https://www.miwalock.com/
MIWA Lock Co. is one of Japan’s leading lock manufacturers. Since its founding, the company has grown to become Japan’s premier supplier of high-performance locks and security systems. Its diverse product portfolio includes electronic RFID locks, door control units, elevator readers, perimeter access control units, exit devices and safes, and cylinder locks. Currently, MIWA has more than 15,000 employees, global offices in Canada, Japan, and the United States, and an extensive customer base in more than 50 countries around the world.
12) Samsung Electronics Co., Ltd.
Date of establishment: 1969
Headquarters: Suwon, South Korea
Website: https://www.samsung.com/
Samsung Electronics Co., Ltd. is principally engaged in consumer electronics, information technology, mobile communications, and device solutions globally. It offers home appliances including smart locks, sound devices, smartphones, tablets, monitors, smart and LED signage, and medical equipment. It is also engaged in consulting, technology, cloud services, venture capital, enterprise automation solutions, connectivity services, network equipment installation and optimization services, and digital advertising platforms. The company serves the retail, hospitality, financial, transportation, education, government, manufacturing, public safety, and healthcare industries and has more than 10,000 researchers and developers overseas.
13）Amadas Inc.
Date of establishment: 2014
Headquarters: Seoul, South Korea
Amadas Inc. provides integrated IoT solutions that address core market needs in security, convenience, and design. The company sells and markets smart lever locks made of stainless steel that can be easily installed on a variety of doors in homes, offices, and warehouses. The company’s flagship products include touch locks, IoT locks, and jewelry lever locks, which feature built-in Bluetooth technology and can be accessed via smart devices using the Amadas mobile app. The company also won the 2015 Hyundai Engineering and Construction Technology Gold Award and the 2015 IT Convergence Entrepreneur Award from the Ministry of Trade, Industry, and Energy.
14）Sentrilock, LLC
Founded: 2002
Headquarters: Ohio, USA
Website: https://www.sentrilock.com
Sentrilock LLC manufactures and sells electronic lockbox systems for the real estate and property management industries. It is affiliated with the National Association of REALTORS (NAR), the largest trade association in the United States covering all aspects of the residential and commercial real estate industry. The company recently launched a new production facility in Ohio, increasing its existing production capacity to 200,000 lockboxes per year.
15）Avent Security
Date of establishment: 2013
Headquarters: Guangdong, China
Website: https://www.aventsecurity.com/
Avent is a professional smart door lock manufacturer focusing on fingerprint door locks, password door locks, radio frequency card hotel locks, and OEM services. With years of experience, the company has provided superior smart locks to thousands of homes and projects around the world. Currently, Avent invests 15% of its annual profits in product development and launches five new smart door locks every year.
16）Dessmann Schliessanlagen GmbH
Founded: 2008
Headquarters : Stuttgart, Germany
Website: http://dessmannlock.com/
DESSMANN is one of the leading companies in smart home and security. Its smart locks incorporate advanced technologies such as fingerprint algorithms, system security, related data storage, cloud computing, and artificial intelligence into smart locks to meet the diverse customer needs in different markets. The company currently has offices and facilities in many countries and provides digital locks in Indonesia, Singapore, China, Europe, and Latin America. However, it plans to expand its consumer base in Vietnam, Malaysia, and Thailand in the near future.
About IMARC Group: IMARC Group is a leading market research and consulting firm providing management strategy and market research globally. The company has successfully completed multiple projects in the smart lock industry to help customers establish and expand their businesses. Some of the company’s products include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development
2. Conclusion
This guide summarizes 16 of the world’s leading smart door lock companies. I believe these will be very helpful when you are looking for smart door locks for your home, so compare these companies carefully. Then find the one that’s right for you.
