Smart locks market is experiencing significant growth, driven by rising consumer awareness about smart home technology, increasing disposable income, and growing concerns about security.
The market was valued at US$ 5347.6 million in 2022 and is forecast to reach a readjusted size of US$ 6231 million by 2029, growing at a CAGR of 2.1% during the forecast period (2023–2029).
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