Australia Smart Lock Market

Australia Smart Lock Market Overview:

The Australia smart lock market size reached USD 75.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 308.5 Million by 2033, exhibiting a growth rate (CAGR) of 15.10%​​​​​​​ during 2025-2033. The market is stimulated by growing demand for improved security, convenience, and compatibility with smart home solutions, as well as growing usage in residential, commercial, and institutional markets for advanced access control solutions.

Australia Smart Lock Market Trends:

Rising Adoption of Smart Home Integration

The Australia smart lock market is growing rapidly with the rising popularity of smart home technology among consumers. As the number of smart home devices, including voice assistants, smart lighting, and security systems, is on the rise, smart locks are viewed as a natural addition to home automation. For instance, in June 2024, Philips introduced its first Wi-Fi-enabled smart deadbolt, which enables remote door control through the Philips Home Access App. The product does not require extra hardware and has voice command, auto-unlock, and guest access capabilities. Moreover, Australian consumers are looking for convenience, security, and remote access, which smart locks provide by allowing users to manage locks using mobile apps or voice assistants. Amplifying demand for seamless connectivity with other smart home devices is fueling innovation in smart lock functionality, including integration with security cameras and alarm systems. This trend is especially prevalent in tech-savvy homeowners and millennials who will be more inclined towards digital solutions. As consumer trust in smart home technology builds, the Australia smart lock market share path is likely to maintain momentum, with gradual increases in adoption for urban and suburban areas.

Enhanced Security Features Driving Demand

Growing security concerns with regards to home security in Australia are fueling the popularity of smart locks. Smart locks provide better security features like encryption, biometric security, and notifications in real-time, making them a choice for homeowners wanting to secure their homes. The feature to provide temporary access to guests, service workers, or tenants also makes smart locks more appealing. With technological advancements, smart locks today provide functionalities like auto-locking, remote access, and audit trails to monitor who enters and leaves a property. With boosting demand for enhanced security levels, especially in urban areas, the Australia smart lock market outlook is towards smart locks as a more secure, convenient option compared to conventional mechanical locks. These technologies are poised to keep propelling the Australia smart lock market, with considerable expansion in both residential and commercial uses.

Increasing Demand in Commercial and Institutional Sectors

Smart lock application in the commercial and institutional segments in Australia is growing due to demands for safe, versatile access control solutions. Companies are implementing smart locks as a way to simplify operations, enhance security, and minimize costs related to conventional lock and key systems. Office properties, offices, and multi-residential developments are using smart locks to provide keyless access for employees, tenants, and visitors, streamlining operational effectiveness and security. For instance, in March 2023, Yale introduced its Fire Rated Unity Entrance Lock with AS1428.1-approved accessible lever, providing smart app control, voice entry, and up to two-hour fire rating for Australian homes. Moreover, institutional segments like government facilities and educational institutions are also experiencing the advantage of smart locks, specifically where restricted entry is needed. Remote control over access rights, integration with other security systems, and monitoring of building entry points represent a significant benefit. With continued growth in demand for secure, efficient solutions, Australia smart locks market share is growing, with increasing take-up across commercial and institutional segments, creating further growth in the overall market.

Australia Smart Lock Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on lock type, communication protocol, and end-user.

Lock Type Insights:

• Deadbolts
• Lever Handles
• Padlocks
• Others

The report has provided a detailed breakup and analysis of the market based on the lock type. This includes deadbolts, lever handles, padlocks, and others.

Communication Protocol Insights:

• Bluetooth
• Wi-Fi
• Others

A detailed breakup and analysis of the market based on the communication protocol have also been provided in the report. This includes Bluetooth, Wi-Fi, and others.

End-User Insights:

• Commercial
• Residential
• Institution and Government
• Industrial

The report has provided a detailed breakup and analysis of the market based on the end-user. This includes commercial, residential, institution and government, and industrial.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Smart Lock Market News:

• In September 2024, Yale launched the Connect Plus Hub 2 in Australia enabling effortless control of up to 16 Bluetooth and 30 Zigbee devices through the Yale Home App. With DualDoor™ Technology, voice assistant support, and remote access, it increases smart home connectivity and decreases dependence on various device bridges.
• In June 2023, Lockwood released the 001Touch Plus™ Smart Deadlatch in Australia, elevating its legendary deadlatch with Yale Home App connectivity. The smart lock provides PIN, tag, and mobile entry, auto-lock/unlock functions, and interoperability with the Yale Connect Plus Wi-Fi Bridge for easy smart home control through a single hub.

Australia Smart Lock Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia smart lock market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia smart lock market on the basis of lock type?
• What is the breakup of the Australia smart lock market on the basis of communication protocol?
• What is the breakup of the Australia smart lock market on the basis of end-user?
• What is the breakup of the Australia smart lock market on the basis of region?
• What are the various stages in the value chain of the Australia smart lock market? 
• What are the key driving factors and challenges in the Australia smart lock?
• What is the structure of the Australia smart lock market and who are the key players?
• What is the degree of competition in the Australia smart lock market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia smart lock market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia smart lock market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia smart lock industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.