India Smart Locks Market (2025-2031) Outlook | Revenue, Companies, Forecast, Growth, Share, Value, Industry, Trends, Analysis & Size

India Smart Locks Market Synopsis

The India smart locks market is estimated to reach a value of US$ 1.10 billion by 2031, exhibiting a CAGR of 24.3% over the forecast period 2025-2031. The growing adoption of Internet of Things (IoT) and increasing demand for safety and security are some major factors driving the growth of the market in India over the forecast period. In addition, technological advancements such as biometric and RFID authentication systems have further augmented its market penetration across residential as well as commercial applications in India. Moreover, rising disposable income coupled with rapid urbanization has led to an increase in investments towards home automation systems resulting in significant growth opportunities for this market.

Market Drivers of the market

The India Smart Locks Market is propelled by the growing need for enhanced security solutions and the increasing penetration of smart home technologies. Smart locks provide keyless entry options and remote access control through smartphones, offering convenience and improved security for residential and commercial properties. The rising incidents of burglary and the desire for modern security systems are driving the demand for smart locks in India. Additionally, the surge in smart home automation and the trend of connected living are further accelerating the market growth. The increasing awareness about the benefits of smart locks, such as ease of use, customization, and integration with other smart devices, is likely to boost their adoption in the India market.

Challenges of the Market

The India Smart Locks Market encounters challenges concerning cybersecurity and data protection. Smart locks are susceptible to hacking attempts, potentially compromising the security of residential and commercial premises. Ensuring robust encryption and authentication measures to safeguard smart lock systems is essential. Additionally, some consumers may be hesitant to adopt smart locks due to concerns about system vulnerabilities or reliability, necessitating effective communication and education about the security features and benefits of smart lock solutions.

Covid-19 Impact on the Market

The India Smart Locks Market saw increased demand during the COVID-19 pandemic, as touchless and keyless access solutions gained importance. With health and hygiene considerations in mind, consumers and businesses sought smart locks that allowed entry without physical contact. The rise in remote work and the need for secure and convenient access control solutions further boosted the adoption of smart locks. Additionally, the real estate sector saw an increased interest in smart home technologies as homebuyers prioritized properties with modern and automated features. The pandemic`s influence on lifestyle changes and security preferences is likely to sustain the growth of the smart locks market in India.

Key Players of the Market

With the increasing adoption of smart home technology, the India smart locks market is witnessing robust growth. Smart locks offer enhanced security features and remote access control, appealing to tech-savvy consumers. Major players in this market include Godrej & Boyce Mfg. Co. Ltd., Samsung SmartThings, and August Home Inc., among others.

Key Highlights of the Report:

• India Smart Locks Market Outlook
• Market Size of India Smart Locks Market, 2024
• Forecast of India Smart Locks Market, 2031
• Historical Data and Forecast of India Smart Locks Revenues & Volume for the Period 2021-2031
• India Smart Locks Market Trend Evolution
• India Smart Locks Market Drivers and Challenges
• India Smart Locks Price Trends
• India Smart Locks Porter's Five Forces
• India Smart Locks Industry Life Cycle
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By Product for the Period 2021-2031
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By Deadbolts for the Period 2021-2031
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By Lever Handles for the Period 2021-2031
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By Padlocks for the Period 2021-2031
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By Technology for the Period 2021-2031
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By Bluetooth for the Period 2021-2031
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By Wi-Fi for the Period 2021-2031
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By End User for the Period 2021-2031
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By Residential for the Period 2021-2031
• Historical Data and Forecast of India Smart Locks Market Revenues & Volume By Commercial for the Period 2021-2031
• India Smart Locks Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By End User
• India Smart Locks Top Companies Market Share
• India Smart Locks Competitive Benchmarking By Technical and Operational Parameters
• India Smart Locks Company Profiles
• India Smart Locks Key Strategic Recommendations