Vietnam Smart Lock Market to Reach USD 159M by 2031
Vietnam Smart Lock Market to Reach USD 159M by 2031 By Ken Research Vietnam’s smart lock market covers connected and electronic door-lock hardware used across homes, hospitality properties, offices, institutions, and integrated security projects. Ken Research estimates the market at USD 62.5 million in 2025 , with the value projected to rise to USD 159.0 million by 2031 at a 16.3% CAGR during 2026-2031. The Vietnam Smart Lock Market includes hardware sold through retail, e-commerce, developer, hospitality, commercial, and system-integration channels. Growth is being driven by apartment construction, property handovers, biometric adoption, digital commerce, and the shift toward connected products. Buyers increasingly expect reliable installation, secure firmware, app continuity, and after-sales support. Value should therefore migrate toward suppliers that combine stronger products with local service, developer relationships, and credible data-security controls. The result is a mar...