Smart Locks-Deadbolt Locks-Door Knob Locks-Mechanical Lock Innovations, Project #14306

INDUSTRY STATISTICS:

Digital Door Lock System Market Outlook:

The Global Digital Door Lock System Market is likely to reach a valuation of around US$ 9 Bn in 2022. The sales of digital door lock systems are slated to accelerate at a steady CAGR of 18% to top US$ 47 Bn by 2032.

The advancement of fundamental technologies such as the internet of things, artificial intelligence, cloud-based applications, big data, and others is driving the growth of the smart lock industry. The cutting-edge technologies will be essential players in development of new smart door locks with a variety of features.

Tremendous growth in door locking systems along with the high demand of wireless communication technologies have led to the development of advanced digital locking mechanisms which we can see in digital door lock systems.

Because of broader technology trends which is propelling the overall smart home business, the industry is at a turning point. Smartphone adoption, on the other hand, is fueling the growth of the digital door lock industry. The declining cloud infrastructure and mobile internet rates have made it easier for users to monitor and operate numerous electronic items remotely, and digital door lock systems are no exception.

SOURCE: https://www.factmr.com/report/409/digital-door-lock-system-market

The Global Mechanical Locks Market Overview:

The Mechanical Locks market size was valued at USD 7946.5 million in 2021. The Mechanical Locks market industry is projected to grow from USD 8384.35215 million in 2022 to USD 12204.63715 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.51% during the forecast period (2022-2030). Rising demands for deadbolt locks and growing inclination towards interconnected locks are the key market drivers enhancing the mechanical locks market growth.

SOURCE: https://www.marketresearchfuture.com/reports/mechanical-locks-market-1886

The Smart Door Lock Market, Garner Above USD 10.5 Bn | Value Surge at 16.8% CAGR By 2032:

New York, April 11, 2023 (GLOBE NEWSWIRE) -- The global smart door lock market recorded a valuation of USD 2.3 billion in 2022 and is expected to reach USD 10.5 billion by the end of 2032, expanding at a CAGR of 16.8% over the decade. A smart door lock is an electronic and mechanical device that opens with an authorized user. It provided security features and customization. The use of smart door locks for residential assets worldwide is due to the enhanced improvement of smart home architecture, including voice control and remote access. Most smart door locks have android apps that allow one to control the lock slightly from mobile device, monitoring comings and goings and being aware of any activity.

SOURCE: https://www.globenewswire.com/Smart-Door-Lock-Market

Smart Door Lock Market Size:

Requirements For National, Regional, or Global Commercialization:

1) Global Intellectual Property Cooperative Development Agreements. (To Be Discussed.)

2) Patent Litigation & Defense Fund/Insurance Cooperative Agreements. (To Be Discussed.)

3) Engineering, Development & Prototyping Cooperative Agreements. Estimated time required = 6 months to a year. (To Be Discussed.)

4) Key Executive & Project Commercialization Team Agreements, Employee Agreements, Recruiting Firm Agreements, Third-Party Operations Management Agreements, Installation & Service Technician Agreements, Warranty Services Agreements, and other Third-Party Consulting Agreements. (To Be Discussed.)

5) Production Manufacturing & Tooling Agreements. (To Be Discussed.)

6) Internal and External Marketing & Sales Agreements. (To Be Discussed.)

7) Website Development & Management Agreements; Social Media Development & Management Agreements; Online Advertising & Public Relations Agreements; E-commerce & E-Store Development & Management Agreements. (To Be Discussed.)

8) Distribution, E-Store, Manufacturing Rep, and Channel Partners Alliance Partner Agreements. (To Be Discussed.)

9) Equity Crowd Funding Platform Agreements; Fund-Raising Agreements; Loan, Credit Line, or other Financing Agreements; Business Broker Agreements, Merger & Acquisition Advisory Agreements, and or other related Agreements. (To Be Discussed.)

*NOTICE: Further Agreements or Other Agreements may be required for National, Regional, or Global Commercialization that may pertain to the project above. The Agreements shown above are only general requirements. Please further note that Uriel Corporation® (DBA: Epic Ventures™) reserves the right to cancel, abandon or withdraw, edit, amend, or replace this project for another project at its sole discretion. Uriel Corporation® (DBA: Epic Ventures™) reserves the right to remove this project from its activities, from its commercialization interests and from its pursuits. Please note that a listing on this site does not guarantee that this project will be commercially available, nor does a listing on this website guarantee that Uriel Corporation® (DBA: Epic Ventures™) will pursue any actual or potential collaborations with third parties. A project listing on this site does not guarantee that third parties will be able to participate in the commercial pursuit of this project or related ventures. Collaborations that might result from this listing are not guaranteed to succeed. Collaborators that wish to work with Uriel Corporation® (DBA: Epic Ventures™) on this project do so entirely at their own risk. Collaborators are urged to perform their own proper due diligence and they are urged to seek their own counsel to determine whether they should participate in this commercialization venture. All information, documents, designs, plans or other materials that may be obtained or communicated from Uriel Corporation® (DBA: Epic Ventures™) that may pertain to this project are the property of Uriel Corporation® (DBA: Epic Ventures™) and may be used by the recipient only for the purposes specifically intended by Uriel Corporation® (DBA: Epic Ventures™). The information that may be transmitted, including any emails, attachments, phone communications, faxes, snail mail, virtual meetings, physical meetings, or communications otherwise, is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, re-transmission, dissemination, or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited, and all liability arising therefrom is disclaimed. All collaborators shall agree to enter into NDAs/Non-Compete Agreements that will be required before any collaborations related to this project are further formalized in writing.