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The market was valued at US$ 418.73 million in 2019 and is projected to reach US$ 668.58 million by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027.
North America led the global atomic clock market with 34.58% revenue share in 2019, followed by Europe and APAC. Increasing organic and inorganic strategic developments - such as product launches, and mergers and acquisitions - among the market players support the atomic clock market growth in North America. For instance, the US government agency introduced a new atomic clock in April 2014 to enhance civilian timekeeping standards.
The smart lock market is poised to grow by 770.77 mn during 2020-2024 progressing at a CAGR of almost 9% during the forecast period. This press release features multimedia. View the full release here:
Technavio Research: Smart Lock Market 2020-2024 - Featuring Allegion Plc, ASSA ABLOY AB, dormakaba Holding AG, among others | Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 | Technavio
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201215005223/en/
Technavio has announced its latest market research report titled Global Smart Lock Market 2020-2024 (Graphic: Business Wire)
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The report on the smart lock market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.