LATAM Smart Lock Market Size & Outlook, 2025-2033

LATAM Smart Lock Market Insights

As per Deep Market Insights insights, LATAM’s Smart Lock Market was valued at USD 174.89 Million in 2024 and is anticipated to expand to USD 668.8 Million by 2033.
From 2025 to 2033, the market is anticipated to expand at a CAGR of 16.02%.
Within Lock type, Deadbolt replacements accounted for the largest market size in 2024.
During the forecast period, Deadbolt replacements is anticipated to remain the highest-growth segment within the Lock type category.

LATAM held 5.83% share of the global Smart Lock Market size in 2024.
United States is expected to remain the largest contributor to the global market size by 2033.
By 2033, Colombia is anticipated to record the highest growth in LATAM, with the market size expected to reach USD 52.62 Million.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 174.89 Million
Market Size In 2033	USD 668.8 Million
Largest segment	Deadbolt replacements
Units	Revenue in USD Million
CAGR	16.02% (2025-2033)
Segmnetation Covered
LATAM	Brazil Mexico Argentina Colombia Chile
Lock type	Deadbolt replacements Mortise/lever smart locks Padlocks Retrofit kits
Connectivity	Bluetooth Bluetooth+Wi-Fi bridge Z-Wave/Zigbee
End-user	Residential Commercial MDUs
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

LATAM	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Brazil	XX.x	XX.x	XX.x	67.53	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mexico	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Argentina	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Colombia	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Chile	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Lock type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Deadbolt replacements	XX.x	XX.x	XX.x	70.2	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mortise/lever smart locks	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Padlocks	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Retrofit kits	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Connectivity	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Bluetooth	XX.x	XX.x	XX.x	81.19	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Bluetooth+Wi-Fi bridge	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Z-Wave/Zigbee	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

End-user	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Residential	XX.x	XX.x	XX.x	79.47	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Commercial	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
MDUs	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x