The Global Smart Doorbell Camera Market size was valued at USD 1713.95 Million in 2022 and is expected to surpass USD 4138.31 Million by 2031, expanding at a CAGR of 10.29% during the forecast period, 2023–2031. A doorbell camera is a convenient device that improves the security of the home. Beneficial factors of installing a doorbell camera inclode offering valuable video footage, an excellent visual deterrent, and lowering home insurance bills.
The doorbell camera is linked with the smartphone and helps the host to track visitors and make conversation. Installation of doorbell cameras takes less number of tools and wires.
Market Trends, Drivers, Restraints, and Opportunities:
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Trends: Tech-hardware companies are manufacturing smart products, which have effective AI features to update and modify their products and distribute them worldwide. Growing number of mergers and acquisitions, partnerships, collaborations, and the launch of products are boosting the market.
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Drivers: Increasing adoption of artificial intelligence (AI) and IoT in smart appliances is driving the market. Increasing demand for home automation and rising disposable income is expected to boost the demand for smart doorbell cameras. Growing demand for smart home security increased over time, due to the increasing rate of crimes and rising incidence of theft, robbery, burglary, and home invasions. These factors are driving the market.
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Restraints: High installation costs, complicated installation of doorbell cameras, lack of recording options in some doorbell cameras, and need of a smartphone or a system to function are some of the limiting factors of the market which affect the demand for doorbell cameras. These factors decline the growth of the smart doorbell camera market.
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Opportunities: Advancement in smart technology and the launch of smart products globally are projected to drive the market. Doorbell camera manufacturers offer a range of product designs to customers, automatic motion detection alerts, night vision, and video recording. These features and cutting-edge technology are expected to propel the demand for doorbell cameras in the future.
Scope of Smart Doorbell Camera Market Report
The report on the global smart doorbell camera market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes
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Details
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Report Title
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Smart Doorbell Camera Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Standalone and Integrated), Technology (Wired Doorbell and Wireless Doorbell), By Components (Hardware and Software), Distribution Channels (Online Channel and Offline Channel), End-users (Residential and Commercial)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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August Home, Auxtron, Hangzhou Hikvision Digital Technology Co., Ltd., IFIHOMES, Napco Security Technologies, Inc., Ring, SkyBell, Vivint, Inc., VTech Communications, Inc., Zmodo, Panasonic Corporation, dbell Inc., Legrand North America, LLC., and Arlo
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Global Smart Doorbell Camera Segment Insights
Rising installation of smart doorbell cameras to drive the market
Based on types, the global smart doorbell camera market is fragmented into standalone and integrated. The standalone segment is projected to hold a substantial market share. The integrated segment is expected to register significant CAGR during the forecast period, due to rising installation of smart doorbell cameras in emerging countries such as India and China.
Easy installation of wireless doorbells to drive the market
In terms of technology, the global smart doorbell camera market is segmented into wired doorbell and wireless doorbell. The wired doorbell segment is expected to hold a substantial market share. The wireless doorbells segment is anticipated to register high CAGR during the forecast period, as it is easy to install with numerous channel operations, versatile, and affordable.
Hardware segment to grow during the forecast period
On the basis of components, the market is separated into hardware and software. The hardware segment is projected to account for considerable market growth. Major hardware components of smart doorbells involve a camera, infrared LED, light and motion sensors, microphone, and speakers.
High profit margins in online distribution channels to drive the market
In terms of distribution channels, the global smart doorbell camera market is classified into online and offline. Online sales are expected to register substantial growth in the forecast period. Most producers are adopting online platform as the single platform for exporting products, as it gives them a high profit margin.
Most bulk orders of doorbells are ordered through online channels, due to the ease of buying. The offline segment is expand to grow at a significant rate in 2020. Many offline channels include such as hpermarket stores, Walmart, and brick-and-mortar stores are expected to fuel the offline segment.
Residential segment to grow during the forecast period
Based on end-users, the global smart doorbell camera is segmented into residential and commercial. The residential segment constitutes the major adopters of door intercom, and is expected to register considerable CAGR during the forecast period. High growth in smart home construction activities globally drives the demand for smart doorbells in the residential market.
North America dominates the global market
Based on regions, the global doorbell camera market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounted for a sizable share of the global revenue in 2020, owing to growing awareness about smart doorbell cameras among people in the US. The market in Asia Pacific is projected to hold a significant share of the global smart doorbell market.
Growing adoption of artificial intelligence (AI) and Internet of Things (IoT) technologies, and the rising crime rate in countries such as Pakistan, Iran, India, Afghanistan, South Korea, Philippines, Qatar, and China prompted manufacturers to make smart doorbells that are used in both residential and commercial applications.
Europe is expected to be a growing market for smart doorbells, due to high concentration of market players, availability of skilled technical expertise, and growing number of smart buildings.
Segments
By Types
By Technology
- Wired Doorbell
- Wireless Doorbell
By Components
By Distribution Channels
- Online Channel
- Offline Channel
By End-users
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- August Home
- Auxtron
- Hangzhou Hikvision Digital Technology Co., Ltd.
- IFIHOMES
- Napco Security Technologies, Inc.
- Ring
- SkyBell
- Vivint, Inc.
- VTech Communications, Inc.
- Zmodo
- Panasonic Corporation
- dbell Inc.
- Legrand North America, LLC
- Arlo
Competitive Landscape
Key players in the global smart doorbell camera market are August Home, Auxtron, Hangzhou Hikvision Digital Technology Co., Ltd., IFIHOMES, Napco Security Technologies, Inc., Ring, SkyBell, Vivint, Inc., VTech Communications, Inc., Zmodo, Panasonic Corporation, dbell Inc., Legrand North America, LLC., and Arlo. These players are focusing on mergers and acquisitions, collaborations, agreements, and partnerships to expand their geographical presence.
