With the wave of development of high-tech smart home industry, smart locks as entry-level products for smart homes are expanding at an astonishing rate. Countless traditional mechanical lock manufacturers, smart home manufacturers, and internet smart hardware cross-border companies have all pegged this huge The cake, the entire market broke out soon.
According to relevant reports, the total output value of China's lock industry is now over 80 billion yuan, of which the total output value of the smart lock industry will exceed 6 billion yuan in 2016. Such a large market has also led to a number of smart home companies, have launched their own smart door lock products, claiming that all kinds of the latest smart technology, do not have to bring a key card, easy to use for the elderly and other selling point advantage. Smart door locks have also become an important entry point for businesses to compete for smart home entrances.
According to a smart home company, smart door locks are actually an entry-level product, and more emphasis is placed on the diversified smart home scene services behind the locks and the long-term industry innovation in the field of the Internet of Things. In the future, we will continue to increase research and development efforts to increase the stability and cost-effectiveness of smart door locks and other products.
At present, the market price of most smart locks is in the range of 2,500 to 4,000 yuan. For consumers, this price is undoubtedly too high, which largely hinders their desire to buy. The data shows that in 2016 China's lock industry output value reached 80 billion yuan, of which, smart lock market penetration rate is less than 2%. In Japan and South Korea, smart locks account for more than 70% of the civilian lock market. European and American smart door locks also account for 50% of civilian locks. This means that China's smart locks still have a large market space.
With a large number of new players flooding into the smart door lock industry, the entire market presents a mixed situation. This is a double-edged sword for the industry: On the one hand, the entry of a large number of new players has contributed to the flourishing scene of the industry, which has accelerated the popularization of the smart lock concept and shortened the cycle of market education. On the other hand, because the market is weak, the entry of a large number of new players will also bring problems such as market saturation and excessive competition. In addition, emerging industries generally have various problems, such as immature technology, poor access, and operations. Inexperience, lack of cooperation with the supply chain, etc., and failure to resolve these issues in a timely manner can easily lead to the formation of erroneous consumer perceptions and adversely affect the development of emerging smart locks.
In the future, smart door locks will do better in terms of stability and cost-effectiveness. It is believed that users will love smart door locks more, and this will bring prosperity to the smart home market.
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