Smart locks installed by over 12M US households

The rapid proliferation of smart locks in the US means they’ve now been installed by over 12 million households.

Smart locks installed in over 12 million US homes
The rapid spread of smart locks in the US means they are now installed in over 12 million homes.
Parks Associates released a whitepaper today promoting the adoption of smart locks in the US along with the reasons why they are so good.

“The majority of front door locks installed in the U.S. are mechanical, but an increasing number of exterior locks are being replaced by door locks,” said Jennifer Kent, vice president of research, Associates at Park.

“As connectivity becomes a de facto requirement to remain competitive, value creation will operate in new feature sets and applications. Manufacturers must engage in continuous innovation and explore innovative strategies to bring products to market quickly.”
However, Park Associates cautions that smart product lifecycles have historically been shorter. Security updates should remain a priority – especially for a product like a smart lock – but the general push for change is constant.

“Feature innovations such as biometric authentication, integrated video cameras, voice control through smart speakers, and integration with home delivery services just keep coming,” added Kent.

“Manufacturers are trying to keep up, but the fragmented nature of the space and the lack of a mature supply chain can hinder the scalability of this market.”