Video Doorbell Market Research, 2031
The global video doorbell market size was valued at $1.2 billion in 2021, and is projected to reach $4.6 billion by 2031, growing at a CAGR of 14.3% from 2022 to 2031.
Video doorbell is an intelligent internet-enabled doorbell technology that notifies or alerts homeowners' smartphones and other electronic devices when a visitor appears at the door. It captures the video, either during the day or night via infrared LED sensors or spotlight, and audio through a speaker and microphone. The footage is stored in a built-in micro-SD card, or remotely through a cloud server. Video doorbell devices are activated when the visitor presses the button of the doorbell and the doorbell senses a visitor with its integrated motion sensors.
The major driving factor for the growth of the video doorbell market is increase in concern among people regarding safety and security due to rise in number of cases such as burglary and trespass. Video doorbells offer high security and benefits such as remote locking & unlocking, and alerts to owners. In addition, advancement in IoT technologies, reducing cost of components, and integration of video doorbells with smart locks is expected to boost the video doorbell market growth.
Increase in awareness about security of residential and commercial buildings, along with gradual rise of theft and robbery globally are major factors which are likely to boost the demand for video doorbells. In addition, they have become indispensable as the growth in the trend for home automation is fueling their demand. Moreover, rise in demand for smart homes equipped with intelligent security systems is expected to drive market growth during the forecast period. However, lack of availability of internet connectivity and high capital cost is likely to hamper the growth of the video doorbell market. Conversely, technological innovation in video doorbell system is anticipated to provide lucrative opportunities for the growth of the video doorbell market.
Major players have adopted various strategies such as product launch and acquisition to sustain the competition and improve the product portfolio. For instance, in June 2022, TP-Link launched two new video doorbells, a video doorbell and a 2K security camera, in its Kasa range. This launch is likely to add enrichment to its product line.
The video doorbell market is segmented into Product Type, Application and End User and region. Depending on product type, the market is divided into wired and wireless. As per application, the market is bifurcated into indoor and outdoor. According to end user, the market is classified into residential and nonresidential. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of product type, the wireless segment generated the highest revenue in 2021, due to increase in concern for safety and security of homes. Moreover, features such as wireless fitting and easy installation are anticipated to boost the growth of the video doorbell market during the forecast period.
On the basis of end user, the residential segment accounted for the highest revenue in the global market in 2021, owing to rise in security & safety concerns and increase in demand for smart home security systems boost the video doorbell market opportunity.
On the basis of region, North America registered highest share in the global video doorbell market share in terms of revenue in 2021, owing to rise in investment in infrastructure and construction activities as well as investments in infrastructure by the government. Furthermore, majority of countries in the region are spending on construction sector for the growth of their economies.
COMPETITION ANALYSIS
The key players that operate in the video doorbell market are ADT Inc., Amazon.com Inc., Arlo, ASSA ABLOY Group (August Home), Dbell Inc., LaView Eagle-Eye Technology Inc., Netvue Inc., Night Owl SP, LLC, Olive & Dove, Owlet Home LLC, Panasonic Corporation, SimpliSafe Inc., SkyBell Technologies, Inc, TP-Link Technologies Co.Ltd., Vivint Smart Home Inc., Wyze, and Zmodo.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging global video doorbell market trends and dynamics.
- In-depth global video doorbell market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Extensive analysis of video doorbell market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- Video doorbell market forecast analysis from 2022 to 2031 is included in the report.
- The key players within the video doorbell market are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of the video doorbell industry.
Video Doorbell Market Report Highlights
| Aspects | Details |
 By PRODUCT TYPE |
|
 By Application |
|
 By End User |
|
 By Region |
|
 Key Market Players | Night Owl SP, LLC, SkyBell Technologies, Wyze, Netvue Inc., Dbell Inc., Arlo, Zmodo., ASSA ABLOY Group, Amazon.com Inc., LaView Eagle-Eye Technology Inc., Owlet Home LLC, Vivint Smart Home Inc., Panasonic Corporation, Olive & Dove, ADT Inc.,, TP-Link Technologies Co Ltd.,, SimpliSafe Inc. |
Analyst Review
The video doorbell market has observed huge growth in North America, Asia-Pacific, and Europe. North America is projected to register significant demand in near future due to rise in urbanization and surge in investment in infrastructure by government authorities. Moreover, increase in robbery cases and threats to safety of individuals and households is further anticipated to propel the growth of the video doorbell market. In addition, customers are focusing on adopting in smart homes owing to features, such as easy installation, high security, remote locking & unlocking, and quick alerts to homeowners in the event of burglary, which favors the growth of the video doorbell market. Furthermore, rapid development in smart cities all over the globe is likely to expand the video doorbell market.
Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand their business and strengthen market position. For instance, in August 2021, SimpliSafe partnered with Ohio Mutual for preventative smart home protection against major insurance threats available to homeowners in Ohio, Maine, New Hampshire, and Connecticut. In addition, in June 2021, SimpliSafe partnered with Rapid SOS to improve professional alarm responses and solutions. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global video doorbell market.
Increase in concern among people regarding safety and security due to rise in number of cases such as burglary and trespass are the drivers for Video Doorbell Market in the world.
The residential segment is the leading end-user of Video Doorbell Market.
North America is the largest regional market for Video Doorbell
The global video doorbell market size was $1,244.9 million in 2021.
ADT Inc., Amazon.com Inc., Arlo, ASSA ABLOY Group (August Home), Dbell Inc., LaView Eagle-Eye Technology Inc., Netvue Inc., Night Owl SP, LLC, Olive & Dove, Owlet Home LLC, Panasonic Corporation, SimpliSafe Inc., SkyBell Technologies, Inc, TP-Link Technologies Co.Ltd., Vivint Smart Home Inc., Wyze, and Zmodo are the top companies to hold the market share in Video Doorbell.
The base year considered in the global video doorbell market report is 2021.
The top 17 market players are selected based on two key attributes - competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 17 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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