Artificial Intelligence (AI) Chipset Market size was valued US$ 20.76 Bn in 2023 and the total revenue is expected to grow at 40% from 2024 to 2030, reaching US$ 218.85 Bn. by 2030.

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

The Smart Lock Market size was valued at USD 2.79 Billion in 2024 and the total Smart Lock revenue is expected to grow at a CAGR of 18% from 2025 to 2032, reaching nearly USD 10.49 Billion.
Smart Lock Market Overview:

Smart locks are widely available, and allow users to open & close a door without keys. Smart locks offer a heightened level of security not found in conventional locks and alarms. A smart lock is a home device equipped with Wi-Fi or Bluetooth technology that enables users to control door access via a mobile app on their smartphone or tablet. If any unauthorized entry is detected when the homeowner is not at home, users receive a notification on their smartphones. A significant breakthrough involves the incorporation of biometric verification, utilizing fingerprint and facial recognition for secure and easy entry without the need for traditional keys or PINs, improving user satisfaction. In addition, the rise in the adoption of artificial intelligence (AI) and machine learning (ML) has endowed smart locks with heightened intelligence and adaptability.