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The smart doorbell market size is forecast to increase by USD 6.74 billion at a CAGR of 22.82% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for domestic security measures, particularly in the wake of rising crime rates. Physical stores and e-commerce retailers are capitalizing on this trend by offering smart doorbells as an essential component of a comprehensive home security system. These devices, which integrate video surveillance, webcam, microphone, and speaker functionalities over the internet, provide homeowners with real-time communication capabilities and enhanced security features. However, technical issues, such as connectivity problems and privacy concerns, may hinder market growth. Despite these challenges, the adoption of smart doorbells is expected to continue as consumers prioritize the convenience and peace of mind they offer.
The market is witnessing positive growth due to the increasing prioritization of safety and well-being among individuals and families. Smart doorbell cameras, equipped with advanced features such as artificial intelligence and real-time protection, are becoming essential home security devices. These devices offer two-way audio systems that enable effective communication with visitors, enhancing safety practices. The integration of wi-fi connectivity and compatibility with smartphones and tablets provide convenience and ease of use. AI features, such as facial recognition and motion detection, offer enhanced security and real-time alerts. The cheaper price points of these devices are making them accessible to a larger consumer base.
However, concerns regarding cybercrime and data breaches persist, necessitating security measures from manufacturers. Infrastructural development and the increasing adoption of smart homes are also driving the growth of the market. These devices are increasingly being used in various sectors, including hotels, to enhance security and provide peace of mind to guests. Overall, the market is poised for significant growth, offering innovative solutions for securing homes and ensuring the safety and well-being of individuals and families.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The wired segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth due to the increasing demand for comfort and luxury in commercial and residential spaces. Wired smart doorbells, in particular, have gained popularity for their dependable connection and advanced features. These devices offer video recording, motion detection, and night vision capabilities, ensuring homeowners can monitor their premises in real-time and deter potential intruders. Wired smart doorbells integrate seamlessly with other smart home devices, enhancing security and convenience. However, the market faces challenges from counterfeit doorbell cameras and cybercrime risks, including data breaches. Despite these challenges, the market is anticipated to expand as consumers prioritize smart security devices for their homes. The market is projected to experience substantial growth during the forecast period due to the rising demand for wired smart doorbells and their advanced features.
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The wired segment was valued at USD 1.67 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is characterized by comfort and luxury, with a focus on security devices for both residential and commercial spaces. Key players in this market include Ring, August Home, SkyBell Technologies Inc. (SkyBell), Google LLC (Google), and others. The region's high penetration and awareness of smart home automation products make it a hub for international and domestic companies. companies introduce the latest smart security devices in North America, ensuring real-time protection against cybercrime and data breaches. The availability of these products in the region is a result of companies having full control of the supply chain, leading to competitive pricing and reduced logistics costs. However, it is essential to be cautious of counterfeit doorbell cameras to ensure the authenticity and effectiveness of these devices.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for smart locks is the key driver of the market. The market is experiencing a significant overflow due to the rising awareness of home safety and security. Smart doorbell cameras, which are integral to this market, utilize artificial intelligence to enhance individuals' and families' safety and well-being. These devices allow remote access, enabling users to answer the doorbell, communicate with visitors, and monitor their property from anywhere. The convenience and peace of mind offered by these systems have led to a rising demand. Additionally, the entry of new players in the market has led to the availability of new products at competitive prices, further fueling demand.
The use of smart doorbells for video surveillance is the upcoming trend in the market. The market is experiencing significant growth due to the rising awareness of home safety and security. Individuals and families are increasingly prioritizing their well-being, leading to an increased demand for advanced security solutions. Doorbell cameras equipped with artificial intelligence technology are becoming increasingly popular, offering features such as motion detection, two-way audio, and facial recognition.
Moreover, several law enforcement organizations are collaborating with companies to gain access to video footage from smart doorbells, creating a cost-effective video surveillance network. Police departments are even offering free or discounted doorbells to residents in exchange for registering the devices and submitting requested footage. For instance, the Green Bay Police Department in Wisconsin and the Gwinnett Police Department in Atlanta have partnered with Ring to distribute smart video doorbells in their communities.
Technical issues is a key challenge affecting the market growth. The market is experiencing significant growth due to the rising awareness of home safety and security. Individuals and families are increasingly prioritizing their safety and well-being, leading to a wave in product demand. Smart doorbell cameras equipped with artificial intelligence technologies are becoming increasingly popular, offering features such as facial recognition, motion detection, and two-way audio communication. However, technical challenges, such as video switching and connectivity issues, may pose obstacles to market growth during the forecast period. Despite these challenges, the integration of advanced technologies in smart doorbells is expected to drive market expansion.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aeotec Technology Shenzhen Co. Ltd: The company manufactures electrical accessories such as switches, door bells, door bell accessories, plugs, and water sensors.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing positive growth due to the rising awareness of home safety and security among individuals and families. Doorbell cameras, equipped with artificial intelligence features, have become essential security devices for both residential and commercial spaces. These devices offer real-time protection, convenience, and luxury, allowing individuals to monitor their visitors from their smartphones or tablets. The demand for smart doorbells is driven by the increasing crime rate and the need for advanced safety practices. The market for smart doorbells is also influenced by the infrastructural development and digitalization of physical stores and e-commerce retailers. The use of smart doorbells extends beyond homes, with their installation in hotels, lobbies, and other commercial spaces.
Moreover, the two-way audio system, AI features, and flexibility of remote locking & unlocking add to the appeal of these devices. However, the market faces challenges such as cyber security threats, counterfeit doorbell cameras, and the risk of inflation and disruptions. Despite these challenges, the market is expected to continue its growth trajectory, driven by the increasing demand for smart security devices and the convenience they offer. Smart doorbells are internet-controlled devices that come with a camera, microphone, speaker, and Wi-Fi connectivity. They offer personal security, real-time notifications, and the ability to communicate with visitors, making them an essential addition to any smart home or building automation system. The integration of smart doorbells with other smart appliances and burglar alarms enhances the overall security of the premises. Urbanization and the increasing crime rate are key factors driving the growth of the market.
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Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 22.82% |
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Market growth 2024-2028 |
USD 6.74 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
18.28 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 36% |
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Key countries |
US, China, Japan, United Arab Emirates, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Aeotec Technology Shenzhen Co. Ltd., Aiphone Corp., Arlo Technologies Inc., ASSA ABLOY AB, dbell Inc., DreamCatcher International Holdings Ltd., Honeywell International Inc., LaView Eagle Eye Technology Inc., Legrand SA, Night Owl SP LLC, NRG Energy Inc., Owlet Home, Panasonic Holdings Corp., Ring LLC, Simplisafe Inc., SkyBell Technologies Inc., Soliom Solar Home Security, VStarcam, Xiaomi Communications Co. Ltd., and Zmodo Technology Corp. Ltd. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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