South Korea Digital Locks Market

South Korea Digital Locks Market Size Report – In a Glance

As per the survey report on South Korea digital locks market, the market is expected to foresee a CAGR value of XX% during 2025-2035, and further generate a market size of USD XX billion by the end of 2035. In 2025, the market size was value at USD XX billion revenue.

• The South Korea digital locks market’s growth is driven by rising demand for enhanced security systems.
• KDMI analyst’s growth analysis foresees government supporting smart city projects as the growth drivers for South Korea digital locks market.

South Korea Digital Locks Market Analysis

Digital locks refer to keyless security locks which uses PINs, passwords, fingerprint recognition, RFID cards, and other technology to open doors, and provide a seamless experience to users as compared to traditional lock systems. Digital locks are integrated with smart home systems for remote control and are highly secured using biometric technology. Digital locks are categorized into keypad locks, biometric locks, RFID and card locks, and Smart locks. The South Korea digital locks market growth is driven by region’s high internet consumption rate and growing awareness about security locks to ensure safety. According to International Trade Administration report, the South Korea’s spending in AI is estimated to reach USD 1.6 billion at a compound annual growth rate (CAGR) of 15% in 2025, which shows the growing integration of smart technology in security systems. Solity, Zigbang, and Samsung are some of the significant participants in the South Korea digital locks market.

South Korea Digital Locks Market Growth Drivers and Restraints

Growth Drivers

• Increasing demand for smart home solutions and advanced security systems – The South Korea digital locks market growth is influenced by the growing demand for smart home solutions and advanced security systems. The growing demand is due to increased urbanization and rising disposable income level of individuals, which drives the consumers to install and integrated smart security systems by ensuring safety. South Korea is one of the top regions in advanced technology segment that emphasizes consumers to integrate IoT-enabled smart home devices including smart security systems offering biometric authentication, remote access, and integration with smart home devices. The development of urban infrastructure has created greater opportunities for smart and advanced systems, and created a stringer demand for convenience and keyless security features in locking devices.
• Government supporting smart city projects – Another major factor driving South Korea digital locks market growth is government supportive policies in developing smart cities in the country. According to World Bank report, the South Korean government had allocated USD 9.9 billion for 2021 fiscal year to develop digital infrastructure and technologies which are useful in building smart cities. The support and investments by government and institutional organizations help researchers to integrated advanced, innovative smart city solutions and overcome inefficiencies of traditional methods. This led the growth of digital locks in South Korean market.

Restraints

• High costs and cybersecurity concerns – The major restraint for South Korea digital locks market is expensive technological advancements and cybersecurity concerns. The advancement in technology has made security systems more reliable, but also raised concerns over cybersecurity which causes damage to overall smart home systems and misuse confidential data. The protection against cyber threats requires more advancement and innovation in security systems, which is also an expensive procedure that limits the market growth.

South Korea Digital Locks Market Segmentation

Our experts at KD Market Insights have segmented the South Korea digital locks market research report as:

Analyst’s Observation on South Korea Digital Locks Market Recent Developments

Over the years, the experts at KD Market Insights have been observing the recent developments associated with South Korea digital locks market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

Zigbang has recently announced the launch of AI-powered smart lock, Haven – it is the first digital door lock in Korea to eliminate the numeric keypad entirely and offers a passwordless entry experience to consumers. The device supports tag-based smartphone access and facial recognition powered by AI.

Legrand Korea has entered into the premium digital door lock market by introducing new digital door lock features with applied Inmold technology to enhance product’s sophistication. The lock is integrated with premium fingerprint recognition feature that offers rapid identification within 0.9 seconds and offer recognition up to 100 registrations.

South Korea Digital Locks Market Competitive Landscape

Some of the significant participants in the South Korea digital locks market share:

• Samsung
• Solity
• Gateman
• LOCPRO
• Milre
• EPIC
• UNICOR
• KOCOM
• JKcorp
• Philips