The global wireless door lock market is estimated to be valued at US$ 857.2 Mn by 2018 end and is expected to reach US$ 1,799.3 Mn by the end of 2026, expanding at a CAGR of 9.7% over the forecast period. The global wireless door lock market is anticipated to represent an incremental opportunity of US$ 942.0 Mn between 2018 and 2026. The demand for smart homes has increased significantly in developed regions over the past five years, owing to the increasing use of smartphones and other smart devices. Residential security is a major concern for people living in multifamily apartments.
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