Indonesia Smart Lock Market Size & Outlook, 2023-2030
Indonesia smart lock market, 2018-2030 (US$M)
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Indonesia smart lock market highlights
- The Indonesia smart lock market generated a revenue of USD 16.3 million in 2023 and is expected to reach USD 89.0 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 27.4% from 2024 to 2030.
- In terms of segment, deadbolt was the largest revenue generating type in 2023.
- Lever Handles is the most lucrative type segment registering the fastest growth during the forecast period.
Smart lock market data book summary
| Market revenue in 2023 | USD 16.3 million |
| Market revenue in 2030 | USD 89.0 million |
| Growth rate | 27.4% (CAGR from 2023 to 2030) |
| Largest segment | Deadbolt |
| Fastest growing segment | Lever Handles |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deadbolt, Lever Handles, Padlock |
| Key market players worldwide | Fortune Brands Innovations Inc, Spectrum Brands Holdings Inc, Assa Abloy AB Class B, Allegion PLC, Carrier Global Corp Ordinary Shares, Honeywell International Inc |
Other key industry trends
- In terms of revenue, Indonesia accounted for 0.7% of the global smart lock market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart lock market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 159.0 million by 2030.
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Smart Lock Market Scope
Smart Lock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Indonesia smart lock market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart lock market will help companies and investors design strategic landscapes.
Deadbolt was the largest segment with a revenue share of 45.4% in 2023. Horizon Databook has segmented the Indonesia smart lock market based on deadbolt, lever handles, padlock covering the revenue growth of each sub-segment from 2018 to 2030.
Indonesia is expected to showcase a CAGR of 27.4% over the forecast period. The growth is attributed to the rising interest in the smart lock among people owing to the benefits offered, such as enhanced security, improved connectivity, and remote monitoring, among others.
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Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia smart lock market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia smart lock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia smart lock market size, by type, 2018-2030 (US$M)
Indonesia Smart Lock Market Outlook Share, 2023 & 2030 (US$M)
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