Vein recognition technology leads the industry, Luke reaches an inflection point

The outbreak of smart door locks actually started with the application of fingerprint recognition technology to door locks. Subsequently, technological innovation has been driving the development of the industry. Companies in the field of smart door locks in China have continuously launched products with innovative functions and higher security to promote the entire industry. The development, such as face recognition, cat-eye large screen, etc., provides users with a more convenient and safe smart life experience.

Extremely fast smart door lock

As the first level of home security, the smart door lock industry has developed rapidly in recent years. Its convenient and diverse unlocking methods and more secure safety protection functions have quickly cultivated consumers' consumption habits. In fact, the explosion point of China's smart door lock market began in 2018. Data shows that market sales jumped from 8 million units to more than 15 million units that year, and the overall sales volume showed an upward trend in the following years.

According to data from Luotu Technology, in 2023, the omni-channel sales of China's smart door lock market will be 18.01 million units, a year-on-year increase of 2.4% in 2022, and the compound growth rate in the past five years is 6.5%. The smart door lock industry is growing rapidly, and consumer demand is also constantly escalating. However, the penetration rate of smart door locks in my country is still at a low level. According to statistical data, the penetration rate of smart door locks in my country is only about 10%. The penetration rate in Japan and South Korea is as high as 60%, and the penetration rate in Europe and the United States is also 34%.

In the long run, with the continuous advancement of technology and the upgrading of consumer demand, the smart door lock industry will continue to maintain rapid growth. In the future, smart door locks may become standard equipment in the field of home security.Therefore, the smart door lock industry will still have an explosive period in China.

Market competition intensifies again

With the rapid development of technology, the smart home market is showing unprecedented prosperity. Among them, the development of the smart door lock industry is particularly significant. According to data from my country's Qianzhan Industry Research Institute, the number of smart door lock brands in my country has exceeded 3,500 in 2018. However, behind this prosperity, competition in the industry is fierce, and there was a “thousand-lock war” situation.

In 2018, the smart door lock industry ushered in a peak financing and entrepreneurial boom. However, due to low industry barriers and brutal channel competition, a large number of brands were eliminated in a short period of time. After the turmoil in the market, the brand pattern of the smart door lock industry has gradually taken shape, which can be divided into the following three categories: First, the traditional lock industry giants, such as Cadiz and Deschmann. With their rich experience in traditional lock production, these companies have naturally expanded their business into the field of smart door locks. They have strong competitiveness in the market, and their product quality and reputation have been widely recognized.

The second is cross-border brands, represented by TCL and Haier. Most of these companies are traditional home appliance companies, relying on their own brand and channel advantages to gradually open up the smart door lock market. Their influence in the market cannot be underestimated, adding new vitality to the competition in the smart door lock industry.

The third is smart home brands, such as Xiaomi, Huawei, etc. Relying on the concept of whole-house intelligent interconnection, these companies have rapidly emerged in the smart door lock industry. They focus on innovation and gain a firm foothold in the market with intelligent interconnection and brand advantages.

At present, the smart door lock industry presents a market pattern in which many players are vying for the top spot. As leading echelon companies, Cadiz, Xiaomi and Deschmann account for more than half of the sales volume in the smart door lock industry, but this market structure has only been formed in the past two years. If companies want to remain invincible in the fierce market competition, they must continue to innovate and improve product quality and user experience.In the future development, the smart door lock industry may usher in a new round of reshuffle. Only those companies with core competitiveness and keeping up with market demand can stand out in the competition.

With the accumulation of technology and the thick snow on the slopes, Luke ushered in a turning point in development

It is against this background that a number of companies with smart door locks as their main business have appeared on the market. Among them, Yunding Technology has taken the top spot among apartment smart door lock brands with its apartment smart locks that cover security protection, password management, record query and other functions.

Yunding’s ambitions are far from limited to the apartment smart door lock market. In March 2017, Yunding launched the “Luke” brand, which focuses on home smart door locks, officially launching its first shot into the home smart door lock market.

Compared with apartment smart door locks, how to further improve the safety of the product and how to make consumers feel the charm of smart interconnection in the product are the keys to whether Luke can stand out.As a result, Luke started a crazy iteration of technology. As a company born with technological genes, each generation of Luke products shows the product strength and scarcity of Luke Technology.

For example, while most of the industry believes that face recognition technology will be developed after fingerprint recognition, Luke believes that finger vein recognition is the key to improving user experience. In April 2022, Luke released the industry's first cat's eye finger vein smart door lock S50M. Then in September, it released the finger vein cat's eye large-screen smart lock S50M Pro, once again raising the ceiling of finger vein smart locks.

In March 2023, Luko released the new high-end flagship palm lock V5 series. This time, Luko Palm Lock V5 pioneered the industry's first 16mm ultra-thin panel, which is thinner than the Macbook Pro and can fit naturally with the door panel. Technically, the V5 series products apply palm vein recognition technology to smart door locks. According to reports, palm vein recognition is to identify the vein blood vessels of the entire palm through the palm skin surface. It is not only difficult to steal and copy, but also has a large amount of recognition information, covering more than 50,000 palm vein information points and more than 500 feature points. It can accurately distinguish twins, which is faster, more accurate and safer than face recognition.

Luke Technology’s frequent efforts have also successfully led the development of the industry. According to Luotu Technology's “2023 China Smart Door Lock Market Annual Report”, vein recognition technology is becoming a trend track and has become the first choice for more and more users. Because, compared with other technology products, it has the advantages of more accuracy, higher stability, and higher security. Currently, the main technical routes are finger veins and palmar veins.

　　It is foreseeable that in 2024, vein recognition will be one of the most important exploration and innovation directions for corporate brands. However, Luke, relying on its previous forward-looking strategic layout, already has absolute technical advantages in both finger vein recognition and palm vein recognition.

　　Written at the end: As consumers’ demands for safety, convenience and intelligence continue to increase, smart door locks have gradually become a must-have for smart life. And in the context of continuous technological changes, smart door locks have increasingly rich unlocking methods and are easier to use.

Nowadays, with the increasing concentration of brands in the smart door lock industry and the intensified pace of technological innovation, the competition between brands has also become more and more intense. What is certain is that after years of development, it has continued to break its own boundaries in the competition and dig deeper into the product ” “Moat” Luke, which is determined to develop vein recognition, has already reached the top of the smart door lock track with the power of technological innovation.

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