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The global market for smart door locks is on the rise, with Allied Market Research projecting that it will reach .5 billion by 2032, up from .8 billion in 2020. This growth is fueled by an increasing concern for safety and security, a rise in the demand for smart locks, the popularity of the Internet of Things (IoT) for smart homes, and an increase in demand for smartphone connectivity.

The popularity of smart homes is also on the rise, with millions of households expected to outfit their homes with smart technology between 2023 and 2027. Smart door locks are just one part of a smart home ecosystem, which is a group of smart devices that work well together. These ecosystems, such as Google Home, Amazon Alexa, and Apple Homekit, allow for seamless information sharing between devices and minimize technical problems.

When choosing a smart door lock, it’s essential to consider the compatibility with the smart home ecosystem. Some ecosystems operate on a closed system, similar to iMessage on non-Apple devices. However, advancements are being made to create interoperability between devices, brands, and manufacturers. Matter is a unifying standard that aims to improve security and communication across smart home devices. Over 200 companies have approved Matter for use, making it easier for consumers to choose diverse products for their smart homes.

There are two main types of smart door locks: deadbolts and lever handles. Deadbolts are considered effective in preventing unlawful entry and offer features such as PIN code entry, remote access control, biometric identification, and proximity sensors. The Level Lock is a sleek smart deadbolt door lock that is compatible with Apple Homekit and Ring. On the other hand, lever handle locks are easy to operate and are expected to grow at a high compound annual growth rate. The Encode Smart WiFi Lever by Schlage allows homeowners to control and monitor their home from anywhere and can be paired with Amazon Alexa and Google Assistant.

Smart door locks provide safety, reliability, and ease of use for homeowners worldwide. With the growing market and advancements in interoperability, now is the perfect time to consider upgrading to a smart door lock for a smarter and more secure home.

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