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What about the market prospects for smart door locks?
1, smart door lock market outlook analysis: market share will rapidly increase

For ordinary consumers, they are not yet high awareness of smart locks, in the adaptation stage. Compared with Japan and South Korea, Europe and the United States smart locks in the civilian lock market, China's share of 2%, Japan and South Korea smart locks occupy more than 70% of the market for civilian locks, South Korean apartments are still as high as 90% of the use of smart locks, Europe and the United States electronic locks accounted for 50% of the market for civilian locks, it is expected that in the next few years will be the next few years will be a rapid increase in China's smart locks market share of the period.

Currently, the rapid development of the information industry, cell phones have also been developed to cell phone payment, mobile banking, etc. With the growing development and maturity of smart lock-related technologies, the development of smart locks has also entered a new stage of development. Fingerprint identification, cell phone unlocking, cell phone remote alarm, SMS unlocking, SMS alarm, ID card unlocking, cell phone sensor unlocking, wireless network smart door locks and other new technology applications products have been introduced, so that the function and application of smart locks are more rich and diversified, and the intelligence is more outstanding. And synchronized with the development of smart home, Internet of Things.

2, smart door lock market outlook analysis: the output value will exceed 10 billion mark

Agency data show that in 2016, the output value of China's lock industry reached 80 billion, of which the total output value of smart door locks will reach 8 billion, with an annual growth rate of more than 40%. And by 2017, the output value of smart door locks will exceed the 10 billion mark, becoming an important landing point for the application of smart home.

Such a huge market, but also led to a lot of smart home companies, have launched their own smart door lock products, claiming a variety of the latest smart technology, do not need to bring a card with a key, convenient for the elderly to use, and other selling points advantage. Smart door locks have also become an important entry point for businesses to compete for the entrance of the smart home products.

In the face of this huge market cake, whether it is the traditional mechanical lock production enterprises, or smart home, smart hardware companies are eyeing, many entrepreneurs have also flocked to. In 2015 when there were only dozens of smart door lock brands on the market, and in 2016 all of a sudden there was an outbreak of nearly 1,000 smart lock brands, which can be seen in the fire of this industry.