Increase the value of smart access devices

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Integrators and manufacturers need to take advantage of the growing popularity of smart access control products and their integrations.

The smart home starts at the front door. Smart door locks, smart access control systems, network cameras, video doorbells, smart garage door openers, parking access solutions and other IoT devices represent a new generation of access control and surveillance solutions.

Parks Associates’ new white paper “Smart Locks and Access Control Supply Chain: Scaling Innovation,” developed in partnership with PassiveBolt, highlights the growing demand for secure smart spaces, the growing ecosystem of competitors, and the need for manufacturers to establish partnerships with suppliers who can help them adapt quickly to new opportunities.

The research firm reports that 15% of MDU owners/operators report having a secure access system for common property areas, including IoT devices that they can access and control remotely; a similar percentage have connected access solutions for individual units.

Additionally, 11% of US internet homes, or more than 12 million homes, had a smart door lock, nearly double the adoption rate five years prior. While purchase intentions are also increasing, research from Parks Associates also reveals that 29% of US broadband households said they intended to purchase a smart door lock in the next six months, compared to just 21. % in 2018.

The smart door lock market could benefit from reassessing its market structure and exploring ways to realign industry relationships to drive the next wave of large-scale innovation.

As connectivity becomes a requirement to stay competitive, value creation shifts to new feature sets and applications. Manufacturers must constantly innovate and explore new strategies to bring their products to market quickly. Simultaneous improvements in computing, sensing and networking technologies are transforming products and services in all industries.

Manufacturers, including those in the smart door locks and smart access control markets, are undergoing organizational transformation to deliver on the promises and demands of manufacturing and supporting connected solutions.

Adoption of smart door locks continues to be driven by strong multi-channel sales efforts and continued product innovation. Most residential door locks installed in the United States are mechanical, but an increasing number of exterior locks in single-family homes are being replaced by smart door locks.

In single-family, multi-family, retail and commercial spaces, builders and owners are adopting connected entry solutions to create safer and more functional spaces.

Smart door locks and associated whole-building access control systems have fueled the recent surge in smart apartment adoption, with several large production builders now including them as standard specifications.

Feature innovations such as biometric verification, built-in video cameras, voice control through smart speakers, and integration with home delivery services are helping to raise awareness and value perceptions of door locks. smart doors. This increased awareness triggers sales in the retail, security, home builder and system integrator channels

Smart Access companies are constantly on the lookout for incremental innovations, advancements and technological developments that improve products every year. Suppliers have the opportunity to better serve manufacturers by operating on a Tier 1 structure, which could provide a more systematic and cost-effective approach to developing and bringing to market the next generation of products.


Jennifer Kent is Vice President, Research, Parks Associates.

Download the free white paper “Smart Locks and the Access Control Supply Chain: Scaling Innovation” here or visit ParksAssociates.com to learn more.

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