LiftMaster Doubles Down With the Expansion of its Secure View Line of Smart Garage Door Openers

The global market for Smart Locks, estimated at US$2.4 Billion in the year 2022, is projected to reach a revised size of US$4 Billion by 2026, registering a compounded annual growth rate (CAGR) of 13.9% over the analysis period.

The United States represents the largest regional market for Smart Lock and is projected to reach US$1.0 Billion by 2026. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 15.8% over the analysis period.

LiftMaster, a brand of professionally installed residential garage door openers, is expanding its line of Secure View garage door openers that include myQ smart access technology and a built-in camera.

The new LiftMaster Secure View 84505R comes with the same streaming videos, recorded events, motion detection and 2-way communication capabilities as the Secure View 87504-267. Plus, it provides homeowners who place a high importance around the security/safety of their home with a mid-tier price point.

As the desire to have a smart garage door opener with video capabilities continues to grow, LiftMaster is looking to meet those needs with its Secure View openers. In a recent survey of 1,000 homeowners, over half of young families would like a smart garage door opener with video capabilities. Eighty-six percent said they would feel better if they could visually confirm their garage door was closed and 77 percent believe having a smart garage door opener with video