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access control

Innovations in the Smart Lock Market: Growth Trends, Key Players, and Consumer Insights

Smart locks are becoming digital access infrastructure. Here are the market forecasts, technologies, competitors, consumer insights and reliability checks that matter.

By Bettesworth Construction Team 8 min read
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Smart locks are evolving from app-controlled deadbolts into digital access infrastructure. Matter and Thread are reducing ecosystem dependence, mobile wallets and biometrics are expanding credential choices, and multifamily operators are connecting locks to property-management systems. Yet installation fit, battery resilience, offline access, privacy, and long-term software support still matter more than a long feature list.

How large is the smart-lock market?

Published forecasts disagree because “smart lock” can mean a residential electronic lock, a commercial access-control product, credential software, or some combination. Future Market Insights estimates a global market of $3.5 billion in 2026, reaching $9.4 billion by 2036 at an 11.6% CAGR (Future Market Insights). Grand View Research forecasts $4.0 billion in 2026 and $14.3 billion by 2033 (Grand View Research). Fortune Business Insights projects $4.22 billion in 2026 and $17.75 billion by 2034 (Fortune Business Insights).

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These are competing estimates, not a settled market total. The defensible conclusion is directional: connected access is a high-growth category, driven by residential retrofits, builders, multifamily housing, hospitality, and access-management software. Remote access, activity notifications, temporary credentials, geofencing and ecosystem integration are repeatedly identified as demand drivers (Meticulous Research).

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What counts as a smart lock?

A smart lock is an electronic lock that accepts one or more digitally managed credentials. Those may include a phone app, PIN, Bluetooth, Wi-Fi, Zigbee, Z-Wave, Matter over Thread or Wi-Fi, NFC or a mobile-wallet key, fingerprint, palm recognition, temporary code or recurring guest credential. Some electronic locks work only locally; not every smart lock offers internet-based remote unlocking.

#1 Best Overall
Sale
Philips WiFi Keypad Deadbolt with Handle, Built-in WiFi, APP Remote Control
  • Connect to 2.4GHz WiFi, No Hub Needed:Connect your Philips 4200 Series Wifi Door Lock Deadbolt directly to your home WiFi network—no extra hub or bridge required. Manage your door anytime, anywhere through your smartphone. 𝙉𝙊𝙏𝙀: Please keep the smart lock within 33 ft (10 m) of your Wi-Fi router. Minimize obstacles such as walls, metal objects, and interference sources for a stronger connection.
  • App Control with Real-Time Access:Control smart lock remotely via the Philips Home Access App: lock/unlock, manage user codes/fingerprints, check your door lock status, and monitor access history in real time, etc, whether you’re at work or on vacation.
  • Voice Assistant Compatible:Hands full? No problem. Use voice commands with Alexa or Google Assistant to lock or check the status of your front door lock set effortlessly.
  • Versatile Passcode Options: This Keypad deadbolt supports permanent, one-time, periodic, and recurring PIN codes—perfect for family, guests, housekeepers, or Airbnb use. Easily manage and share access through the app for ultimate convenience and control.
  • 0.3S Fingerprint Fast Access:With this fingerprint keyless entry door lock, unlock your door in 0.3 seconds with fast, secure biometric access. Store multiple fingerprints for family and trusted visitors.
Category Main characteristic Typical buyer
Replacement smart deadbolt Replaces the existing deadbolt Homeowner
Retrofit smart lock Turns the inside thumb-turn while retaining exterior hardware Renter or preservation-minded homeowner
Smart lever or handle Combines locking and the handle Interior doors, side doors and offices
Commercial electronic lock Built for multifamily, hospitality or office use Property operator
Access-control system Readers, credentials, software, audit logs and integrations Enterprise or institutional buyer

Why demand is increasing

  • Phone-based authentication is familiar to consumers.
  • Temporary access helps guests, cleaners, contractors, caregivers and short-term-rental operators.
  • Locks can connect with cameras, alarms, lighting and property-management platforms.
  • Retrofit products reduce installation risk and are attractive to renters.
  • Builders and multifamily owners increasingly use connected access as an amenity.
  • Mobile-wallet credentials make digital keys easier to understand.
  • Matter can reduce platform fragmentation, although it does not eliminate it.

Smart locks usually sell convenience, access management and visibility rather than guaranteed resistance to forced entry. A connected lock cannot compensate for a weak door, poor strike-plate installation or an insecure account.

Technologies reshaping the category

Matter and Thread

Matter provides a common application layer for participating ecosystems, while Thread is a low-power mesh network suited to battery devices. Together they can reduce platform lock-in and lower standby-power demands compared with Wi-Fi-only designs. A Matter-over-Thread lock normally still needs a compatible Matter controller and Thread border router. Feature exposure, setup, remote access and firmware updates can remain manufacturer- or platform-specific. Matter also cannot fix mechanical misalignment or a weak motor.

Yale’s Matter lock was reported at a $189.99 launch price in June 2025, and Schlage introduced the Matter-over-Thread Sense Pro at CES 2025; both figures are historical launch signals, not universal current prices (Meticulous Research).

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Mobile wallets and Aliro

Apple Home Key, Samsung Wallet Digital Home Key and Google Wallet credentials put a key on a phone or watch. Aliro is intended to standardize digital-key interactions among participating companies, supporting NFC and Bluetooth and, on compatible hardware, ultra-wideband (UWB) entry. Apple, Google, Samsung, ASSA ABLOY, Kwikset and Fortune Brands have been reported as participants, but product support remains model-, platform- and region-dependent (Tom’s Guide).

Rank #2
Sale
Philips Wi-Fi Smart Deadbolt Lock, Keyless Entry Door Locks for Front Door
  • 𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐖𝐚𝐲𝐬 𝐭𝐨 𝐔𝐧𝐥𝐨𝐜𝐤: Unlock the way you want: app, passcode, fingerprint, physical key, or voice via Alexa/Google Assistant. Everyone in the family can choose what works best — convenience meets flexibility. Batteries are not included.
  • 𝐔𝐧𝐥𝐨𝐜𝐤 𝐅𝐫𝐨𝐦 𝐀𝐧𝐲𝐰𝐡𝐞𝐫𝐞: Built-in Wi-Fi lets you lock and unlock your door remotely anytime, anywhere from your smartphone — no extra hub needed. Stay connected and in control, even when you’re at work or on vacation. Only support 2.4Ghz network. Keep the router and lock with 65ft for better remote control.
  • 𝗩𝗼𝗶𝗰𝗲 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 𝗥𝗲𝗮𝗱𝘆: Pair with Alexa or Google Assistant to unlock or lock with your voice. Great for when your hands are full or you're relaxing at home and still welcome who’s at the door. Note: Please log in to your own Google or Alexa account first before use Voice Control and make sure your network connection is stable.
  • 𝗬𝗼𝘂𝗿 𝗙𝗶𝗻𝗴𝗲𝗿𝘀 𝗶𝘀 𝗬𝗼𝘂𝗿 𝗞𝗲𝘆: Just one touch unlocks the door instantly. No need to search for keys — Your fingers is your keys, perfect for busy mornings. Philips wifi lock store multiple prints for easy family access.
  • 𝐂𝐨𝐝𝐞 𝐀𝐜𝐜𝐞𝐬𝐬 𝐌𝐚𝐝𝐞 𝐒𝐢𝐦𝐩𝐥𝐞: Create up to 100 custom passcodes for family, friends, or renters. Easily share unlimited one-time or scheduled codes to guests, cleaners, or deliveries— no need to be home to open the door.
  • Tap-to-unlock: NFC or a deliberate phone-to-lock interaction.
  • Proximity unlock: Bluetooth or UWB detects approach.
  • Remote unlock: Internet-connected control from another location.
  • Wallet credential: A key stored in a phone or watch wallet.
  • Temporary code: A PIN managed locally or through a cloud service.

Ultra-wideband hands-free entry

UWB can provide more precise distance and directional information than ordinary Bluetooth. Aqara’s U400 was described as distinguishing an approach to the door from simply passing by and determining which side of the door the user occupies; it also supports fingerprints, passcodes, NFC, app control and Apple Home Key (TechRadar). UWB requires compatible phones, watches, lock hardware and software, so it is not a universal feature.

Biometric credentials

Fingerprint and palm readers can help children, older adults, workers and anyone who does not want to carry a phone. Reliability can fall with wet, dirty, gloved or injured fingers. Biometric templates create privacy and security obligations, and a reader still needs a backup credential.

Battery and energy improvements

Manufacturers are exploring rechargeable packs, solar-assisted charging, wireless charging, lower-power Thread radios, battery alerts and external emergency power. CES 2026 coverage highlighted solar-assisted designs from Desloc and wireless charging in Lockin’s V7 Max; availability and pricing varied by product, so these are emerging directions rather than category standards (TechRadar).

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Retrofit installation

Retrofit locks preserve exterior hardware, reduce drilling and can be removed at move-out. They are particularly useful where a landlord requires the original cylinder to remain. The trade-off is a bulkier interior mechanism and dependence on a smooth, correctly aligned existing thumb-turn. August and SwitchBot are prominent retrofit examples (TechRadar).

Rank #3
Sale
eufy Security Smart Lock C220, Fingerprint Keyless Entry Door Lock
  • 6 Ways to Unlock: Unlock with a touch for less than 1s with fingerprint lock. You can also open your front door lock via the eufy Security app, using the keypad or physical key, from Apple Watch, or use your voice with Alexa/Google Voice Assistant.
  • 8 Months Battery Life: With 8 AA batteries, Smart Lock C220 runs around 8 months. Experience ultimate convenience and peace of mind with our long-lasting power solution. *May vary depending on the frequency of the lock being used.
  • Self-learning AI: Fingerprint door lock recognition gets more precise with every touch, so you don't have to try agian and again to get in. Never be awkward or upset at unlocking the door.
  • Control from Anywhere with Built-in Wi-Fi: No bridge required, you can control your wifi smart lock from anywhere via the eufy Security app. Easy setup.
  • Integrated eufy ecosystem: If you have a eufy doorbell, you can add your wifi door lock to your routines and control devices together for keyless entry within the eufy Security app.

Managed multifamily and hospitality access

Commercial systems increasingly connect locks to leasing software, resident apps, intercoms, security systems, wallets, short-term-rental workflows and audit logs. Allegion has reported Schlage Resident Key credentials in Apple Wallet and Google Wallet for multifamily applications (Allegion).

Competitive landscape

Company or brand Core strength Main customer Innovation angle Main limitation
Yale and August Residential access heritage and distribution Homeowners and renters Matter, retrofit and ecosystem integration Geography and model fragmentation
Schlage / Allegion Mechanical credibility and channels DIY buyers, builders and multifamily Matter, Wi-Fi and wallet credentials Some models occupy a premium tier
Samsung Galaxy, Wallet and SmartThings ecosystem Galaxy households Digital Home Key Best experience may be platform-specific
Aqara Feature density and enthusiast appeal Smart-home users Matter, Thread, UWB and biometrics Regional and support complexity
Nuki Retrofit expertise European homeowners Rechargeable batteries and Matter Euro-cylinder fit does not translate to typical U.S. deadbolts
Kwikset U.S. DIY and builder distribution Homeowners Keypad, guided installation and Matter Features vary by model
SwitchBot Renter-friendly retrofit Renters and budget buyers Minimal exterior modification Interior bulk and fewer advanced credentials
Lockly, Desloc and Lockin Specialist features Premium or feature-seeking buyers Video, palm recognition, solar and wireless charging Some products have newer support ecosystems

What consumers actually value

Convenience is usually the first purchase trigger: no physical key, remote guest access, temporary codes, lock notifications and automatic locking. But many households prefer a keypad or physical key over hands-free entry because those options are easier to understand and less dependent on phones or cloud services.

NIST cites an estimate that 45% of U.S. internet households had at least one smart-home device in 2024 and 18% had six or more; this is not a smart-lock adoption rate (NIST). A July 2026 Horowitz summary said four in ten U.S. consumers owned smart-home devices and grouped doorbells, cameras and locks among widely adopted categories, so it cannot establish lock penetration by itself (Horowitz Research).

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Among homeowners without smart-home products, Nationwide reported that 53% felt they did not need them, 41% cited cost, 30% lack of knowledge, 20% cybersecurity, 20% data collection and 13% installation difficulty. These are broad smart-home findings, not lock-specific results (Nationwide). NIST’s survey of 401 U.S. users found security and privacy perceptions differed by device category, showing why consumers should evaluate a lock’s data practices rather than rely on a generic “smart-home security” label (NIST).

Rank #4
Schlage Encode Smart WiFi Deadbolt Lock with Century Trim, Matte Black | Keyless entry door lock, Touchscreen keypad, App control, Alexa, Google Home, Ring & Airbnb compatible, Certified security
  • ANYWHERE ACCESS: With built-in WiFi compatibility, you can easily and securely connect your Schlage Encode Deadbolt to your home WiFi network to control and monitor your home from anywhere with the Schlage Home app
  • PEACE OF MIND: Lock and unlock from anywhere, manage up to 100 access codes for keyless entry, view lock history, receive customizable notifications and easily manage multiple locks at once - all when paired to the Schlage Home app and connected to a secure WiFi network
  • VOICE CONTROL: Works with Alexa and Google Home for optional, hands-free convenience when paired with the Schlage Home app and a voice enabled device
  • ADVANCED SECURITY: Secure, encrypted connection; built-in, customizable alarm for door movement and forced entry attempts; fingerprint-resistant touchscreen; certified highest residential Security, Durability and Finish rating by BHMA industry experts
  • EASY INSTALL: Install in minutes with just a screwdriver, no hardwiring required; Snap ‘n Stay design helps keep the lock on the door so both hands are free; fits standard doors with 1-3/8 in to 1-3/4 in door thickness and 2-3/8 in or 2-3/4 in backset
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Support on Ko-Fi

How to evaluate a smart lock

Choose replacement or retrofit

  • Replacement: best when the existing deadbolt is worn, misaligned or due for a complete upgrade.
  • Retrofit: best for renters, preserved exterior hardware and reversible installation.

Confirm door thickness, backset, cylinder type, swing, strike alignment and interior clearance before ordering.

Match the connection to the job

Connection Advantages Limitations
Wi-Fi Direct remote access in some models Higher battery demand and network dependence
Thread Low-power mesh and strong Matter fit Needs a compatible controller and border router
Bluetooth Low energy and useful local phone access Usually needs a bridge for remote control
Z-Wave or Zigbee Mature automation ecosystems Requires a compatible hub
Cellular or commercial gateway Useful for managed properties Higher cost and often service-dependent

Test authentication and offline behavior

  • Can keypad codes work without internet?
  • Are codes temporary, recurring and revocable?
  • Does the lock retain local credentials during an outage?
  • Is there a physical key, emergency battery contact or other external power method?
  • Are low-battery warnings timely, and does cold weather affect the cells?
  • Can auto-unlock be disabled?

Assess privacy and lifecycle support

Ask where access logs are stored, who can view them, how long they remain available, whether two-factor authentication is offered, how accounts are recovered, whether firmware is signed and updated, and what remains functional if cloud support ends. For rentals, confirm who owns the logs and controls credentials.

Buying paths by situation

  • Homeowner replacing a deadbolt: prioritize mechanical fit, keypad reliability, physical-key fallback and local operation before wallet or UWB features.
  • Renter: choose a reversible retrofit, retain the existing key where possible, and obtain written permission if required.
  • Apple household: verify the exact model’s Apple Home Key support; Matter alone does not imply Home Key.
  • Mixed-platform household: prefer documented Matter support, then check which features each ecosystem actually exposes.
  • Multifamily operator: evaluate credential provisioning, revocation, audit trails, resident turnover and property-management integration.
  • Biometric buyer: test enrollment and failure recovery for every intended user and maintain a non-biometric fallback.
  • Subscription-averse buyer: confirm that keypad, key, NFC or Bluetooth access remains usable without a paid cloud tier.

Failure modes the market still has to solve

Battery and alignment failures

A dead battery, inaccessible emergency contacts or a backup key left indoors can prevent entry. A rubbing deadbolt can also drain batteries and cause motor failures; that is an installation problem, not necessarily an electronics defect.

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Outages and cloud dependence

Local keypad, NFC or Bluetooth access may continue during an internet outage, while remote control fails. Exact behavior is product-specific. “Matter compatible” does not guarantee remote access without a controller, identical features across Apple Home, Google Home, Alexa and SmartThings, or freedom from a proprietary app.

Best Value
Sale
TEEHO TE001 Keyless Entry Deadbolt with Keypad for Front Door, Matte Black
  • Passcode Entry: This keypad lock offers 20 access codes for family use and a temporary code for single-use guest entry
  • One-Time Code: A one-time PIN code can be set for door opening and will automatically be deleted after use
  • Smart Locking: Features an automatic door lock that can be set to lock in 10-99 seconds (off by default) and one-touch auto-lock by pressing and holding any key on the keypad for 2 seconds
  • Long Battery Life & Low Battery Indicator: Powered by 4 AA batteries (not included), lasts up to 365 days. A red light indicator alerts you when battery level drops below 15%
  • Security Deadbolt: Provides reliable home protection with its sturdy aluminum alloy construction, weather resistance (IP54), durability, anti-peeping user code protection, low battery indicator, and solid lock cylinder

Credential and physical attacks

Risks include reused passwords, compromised guest accounts, lost phones, exposed PINs, insecure Bluetooth implementations, vulnerable cloud APIs and mechanical bypass. Future Market Insights cites a March 2024 NVD record involving hard-coded credentials and Bluetooth beacon exposure in Chirp Access, illustrating why security claims should be checked against vulnerability records (Future Market Insights).

Product discontinuation

A lock may outlast its app. Before buying, check firmware history, warranty, battery availability, account-transfer procedures and whether local credentials survive a cloud shutdown.

Where the market goes next

  • More cross-platform wallet credentials and feature parity.
  • Lower-maintenance power systems and clearer battery testing.
  • Longer software-support commitments for a physical product expected to last years.
  • Better privacy governance for resident and household access logs.
  • Clearer security disclosures and certifications.
  • More renter-compatible designs and transparent accessory pricing.

The strongest products will combine reliable mechanics, simple installation, flexible credentials, interoperability, local fallback, privacy controls and a credible support lifecycle. The lock with the most authentication methods will not necessarily be the best lock.

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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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