Wilmington, Delaware, United States, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global doorbell camera market was estimated to have acquired US$ 1.5 billion in 2021. It is anticipated to register a 9.7% CAGR from 2022 to 2031 and by 2031, the market is likely to gain US$ 3.7 billion.
Doorbell cameras are not just standalone security devices; they are often part of a larger ecosystem of smart home products. Consumers are increasingly looking for doorbell cameras that can integrate with their existing smart home systems, such as home security systems, voice assistants, and mobile apps.
This integration allows for features like remote monitoring, alerts on smartphones, and the ability to interact with visitors remotely. For example, you can see and speak to someone at your door through your smartphone, even when you're not at home. This interconnectedness with other smart devices and systems enhances the overall convenience and security of a smart home, making it a significant driver of the doorbell camera market.
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Key Findings of the Market Report
- During the projected period, an increase in robberies and thefts is anticipated to propel the global doorbell camera market.
- The setup of security doorbell cameras is also being driven by an increase in online package theft.
- To increase their market share, businesses in the worldwide doorbell camera industry are implementing a variety of marketing techniques.
- They are launching new goods that incorporate cloud computing and artificial intelligence (AI).
- Investment in research and development and product variety are anticipated to shape the doorbell camera market's future.
- Companies in the market are introducing goods that can reliably identify between cars, people, animals, and packages.
Market Trends for Doorbell Cameras
- The rise in the global population has led to a tremendous growth in the construction of homes and businesses industries in recent times. Smart doorbells are among the many automated technologies that are increasingly being installed in contemporary homes.
- Reducing crime is another priority for smart cities all over the world in order to protect public safety. These cities use data-driven decision-making to increase the productivity of their public, private, and industrial infrastructure. It is simple to integrate IoT technology with other linked devices, such as doorbell cameras, smart lighting, smart meters, and sensors, in smart cities.
- Businesses now place the highest focus on security as a result of the rise in theft and vandalism incidents. The Small Business Administration of the United States estimates that the average cost of one vandalism event is $3,370.
- Installing doorbell cameras can be advantageous for small businesses, particularly those who sell gadgets, jewelry, and other high-priced goods. These gadgets alert users when individuals who have a history of causing problems are around, thus boosting sales.
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Market for Doorbell Cameras: Regional Outlook
Various reasons are propelling the growth of the doorbell camera market in different regions. These are:
- Due to the existence of major manufacturers and the rising popularity of doorbell cameras, the market in North America is anticipated to develop significantly over the projected period.
- The Asia Pacific market is anticipated to expand rapidly because of the rise in home automation and the notable expansion of the building industry in the area. The region is also home to important market players and has a wide variety of raw materials, both of which support the industry's expansion.
Global Doorbell Camera Market: Key Players
The business models of leading manufacturers of doorbell cameras include expenditures on research and development, product expansions, and mergers and acquisitions. For companies in the doorbell camera market, product development is a key marketing tactic. The following companies are well-known participants in the global doorbell camera market:
- Arlo
- Chuango International Holdings
- DoorBird
- ELAN Nortek Security & Control LLC
- Napco Security Technologies, Inc.
- Ring LLC
- SimpliSafe, Inc.
- SkyBell Technologies, Inc.
- Snap One, LLC
- Vivint, Inc.
Few of key developments by the players in this market are:
| Company name | Key Development |
| Vivint Smart Home | An array of new items aimed at improving home safety and intelligence was introduced by Vivint Smart Home in May 2022. The Doorbell Camera Pro, Outdoor Camera Pro, Spotlight Pro, and Indoor Camera Pro are among the new offerings. |
| Bird Home Automation GmbH | Bird Home Automation GmbH unveiled its new product line at the tech show Integrated Systems Europe, which took place in Barcelona in May 2022. Using the DoorBird 3D Configurator, bespoke IP video door stations may be manufactured in over 50 various materials and colors for surface, flush-mounting, and retrofit installations. The portfolio comprises video door cameras with a customized intercom system. |
| Ring LLC | Ring LLC introduced Ring Video Doorbell 4, a new line of doorbell cameras with better battery life and an extra four seconds of pre-roll video, in April 2022. The series also has rich notifications, a people-only mode, personalized motion zones, and fast answers. |
Global Doorbell Camera Market Segmentation
Type
- Wireless
- Wired
Resolution
- 480p
- 720p
- 1080p
- Above 1080p
Price
- Under US$ 50
- US$ 50 - US$ 100
- US$ 101 - US$ 200
- Above US$ 200
Application
- Residential
- Commercial
Distribution Channel
- Online
- Company-owned Websites
- E-commerce Websites
- Offline
- Supermarkets / Hypermarkets
- Specialty Stores
- Retail Stores
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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