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2022
Smart Doorbell Market

Smart Doorbell Market

by Product Type (Wired Doorbell, Wireless Doorbell), by Distribution Channel (Online, Offline), by End User (Residential, Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2030

Report Code: A09752
Pages: 217
May 2022 | 2226 Views
Author(s) : Amol P , Onkar S
Tables: 131
Charts: 53
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Smart Doorbell Market Research, 2030

The global smart doorbell market size was valued at $2.4 billion in 2020, and is projected to reach $12.3 billion by 2030, growing at a CAGR of 17.2% from 2021 to 2030. Smart doorbell system is internet connected doorbell device that sends notification to homeowner about who arrives at the door. It is compatible with smartphones, IoS devices, and android devices. Smart doorbell devices are activated when the visitor presses the button of the doorbell and the doorbell senses a visitor with its integrated motion sensors. A smart doorbell is a part of smart home, which helps to protect the security by avoiding access to robbery and invasion. 

The COVID-19 outbreak had a negatively impact on the growth of the global smart doorbell industry owing to halt the construction activites globally, and lack of penetration of smart doorbells in residential and commercial spaces.

Rise in adoption of Internet of Things (IoT) and artificial Intelligence (AI) in the doorbell systems boosts the growth of the smart doorbell industry. Growing concerns over safety and security among population is expected to increase the demand for smart doorbell and boost the growth of the smart doorbell market. Rise in penetration of internet and increasing desire for controlling most amenities with one click are expected to promote sales of smart doorbells.

Rise in the initiatives undertaken by authorities and government is anticipated to provide lucrative opportunities for the growth of the smart doorbell market. Furthermore, the increase in threats against safety of individuals and households is further anticipated to propel the growth of the market. Rise in demand for comfortable, home automation, and luxury lifestyle globally, which in turn increases the demand for smart doorbell systems, boosts the smart doorbell market growth.

However, lack of availability of internet connectivity, and high capital cost required for smart doorbell, hamper the market growth. Furthermore, technological innovation in the smart doorbell systems, are expected to provide lucrative smart doorbell market opportunity during the forecast period.

Smart Doorbell Market, Smart Doorbell Industry, Smart Doorbell Market Size, Smart Doorbell Market Share, Smart Doorbell Market Growth, Smart Doorbell Market Trends, Smart Doorbell Market Analysis, Smart Doorbell Market Opportunity

The smart doorbell market is segmented into Product Type, Distribution Channel and End User. On the basis of product type, the market is segregated into wired doorbell and wireless doorbell.

Smart Doorbell Market
By Product Type

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Wireless doorbell segment dominate the market in 2020.

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The wireless doorbell segment dominated the market in 2020. By distribution channel, the market is divided into online and offline. The offline segment dominated the market in 2020.

Smart Doorbell Market
By Distribution Channel

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Offline segment dominated the market in 2020.

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By end user, the market is divided into residential and commercial. The residential segment have the largest smart doorbell market share. 

Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2020, and Asia-Pacific is expected to grow with the highest CAGR of 18.0% during the forecast period.

Smart Doorbell Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

North America region dominated the market in 2020, and Asia-Pacific is expected to grow with a highest CAGR of 18% durint the forecast period.

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The key market players profiled in the report of smart doorbell market include, Panasonic Corporation, Shenzhen VStarcam Technology Co., Ltd., Ring Inc., SkyBell Technologies Inc., Legrand, Chui, Smartwares Group, Arlo Technologies Inc., August Inc., and Danke Intelligent Technology Co Ltd. The major players operating in the global smart doorbell market have adopted key strategies such as business expansion and acquisition to strengthen their market outreach and sustain the stiff competition in the market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart doorbell market analysis from 2020 to 2030 to identify the prevailing smart doorbell market.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the smart doorbell market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global smart doorbell market trends, key players, market segments, application areas, and market growth strategies.

Smart Doorbell Market Report Highlights

Aspects Details
By Product Type
  • Wired Doorbell
  • Wireless Doorbell
By Distribution Channel
  • Online
  • Offline
By End User
  • Residential
  • Commercial
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, U.K., France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest Of Asia Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Panasonic Corporation, Amazon.com Inc., dbell Inc, Skybell Technologies Inc, ASSA ABLOY Group (August Home), Vivint Smart Home Inc, Owlet Home LLC, Netvue Inc, Night Owl SP LLC, LaView Eagle Eye Technology Inc
 

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Smart doorbell is the combination of components, such as hardware and software to provide notification to homeowners about which individual visit the home. It also captures a face or video of individual which visits the home. It is used to send specified message when the owner is not at home and inform them about the presence of the individual at the door with the help of a video feed.

Rise in robbery cases and threats against safety of individuals and households is further anticipated to propel the growth of the smart doorbell market. Also, customers are focusing on adopting smart locks in smart homes owing to features, such as easy to install, high security, remote locking and unlocking, and sending of quick alerts to homeowners in the event of burglary, which boosts the growth of the smart doorbell market. Rapid growth in smart cities all over the globe boosts the growth of the smart doorbell market. In addition, rise in per capita income of population in countries, such as Brazil, Africa, China, and others fuels the growth of the smart doorbell market. For instance, according to Trading Economics, disposable income of South Africa grew by 3.7% from 3rd quarter of 2021 to 4th quarter of 2021.

Rise in disposable income and changes in lifestyle increase the demand for smart doorbell for new construction and renovation activities, which fuels the growth of the global smart doorbell market. For instance, the disposable income of Brazilian population grew by 1.0% from 2018 to 2019.

However, lack of availability of internet connectivity, and high capital cost required for smart doorbell are anticipated to restraint for the growth of the smart doorbell market. Furthermore, technological innovation in the smart doorbell systems, are anticipated to provide lucrative opportunities for the growth of the smart doorbell market.

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FREQUENTLY ASKED QUESTIONS?

A. A rise in stnadard of living and rise in disposable income of population globally, which drive the growth of the smart doorbell market.

A. A smart doorbell is used in residential as well as commercial spcaes.

A. North America region dominate the market in 2020.

A. The global smart doorbell market size was valued at $2,444.8 million in 2020, and is projected to reach $12,278.3 million by 2030, growing at a CAGR of 17.2% from 2020 to 2030.

A. Panasonic Corporation, Shenzhen VStarcam Technology Co., Ltd., Ring Inc., SkyBell Technologies Inc., Legrand, Chui, are some of the key players which holds the largest share of smart doorbell market.

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