The global smart lock market, valued at USD 5 billion in 2023, is projected to grow at a robust compound annual growth rate (CAGR) of 16%, reaching USD 22.06 billion by 2033. This significant expansion is driven by the increasing adoption of smart home technologies, advancements in IoT and AI, and growing demand for enhanced security and convenience. Smart locks, which replace traditional mechanical locks with digital solutions like PIN codes, smartphone apps, keycards, and biometrics, are transforming access control across residential, hospitality, enterprise, and critical infrastructure sectors. The market’s growth reflects the global shift toward interconnected, secure, and user-friendly locking systems. https://www.factmr.com/report/4669/smart-lock-market