In South Korea, 2 Mn Digital Locks Were Sold In 2022. Will South Korea Encourage The Market For Digital Locks To Ensure That This Number Keeps Rising In The Future? : Ken Research

1. High Population Density and Urbanization in South Korea

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There is high demand for digital locks in South Korea due to the country’s high population density (516.3) and urbanization (81.4%). Residential apartments in Songdo and Sejong whereas hotels in Seoul and Busan prefer digital locks for convenience and security.

Increasing Urbanization

The increasing urbanization in South Korea is driving the demand for digital locks in residential and commercial properties. The urban population in South Korea is expected to reach 92.0% by 2050, driving the demand for smart home technology and advanced security solutions.

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2. Rapid Technological Advancement in Smart Lock Industry.

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With the rapid development of new technologies, digital lock manufacturers need to stay up-to-date with the latest trends and incorporate them into their products to remain relevant. Samsung SDS has been incorporating biometric authentication methods – fingerprint, facial and voice recognition, into their digital locks to improve security and convenience for their customers. They have developed mobile apps that allow users to control their locks remotely and receive alerts. Samsung SDS is continuously updating its software to ensure compatibility with the latest devices and operating systems.

Biometric Authentication

• Digital lock manufacturers in South Korea are incorporating biometric authentication methods like fingerprint scanning, and facial recognition into their products.
• Gateman, a South Korean company that specializes in biometric locks. Gateman V20 features fingerprint and password authentication, as well as a tamper alarm and automatic locking.

For more insights on the market intelligence, refer to the link below:-

Digital Locks Market South Korea

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