The video doorbell market revenue estimated to grow US$ 1.6 Billion by 2023. The video doorbell market is projected to reach US$ 7.3 Billion by 2033, growing at a CAGR of 14.9% for 2023 to 2033.
| Attribute | Details |
|---|---|
| Estimated Year (2023) Market Value | US$ 1.6 Billion |
| Projected Year (2033) Market Value | US$ 7.3 Billion |
| CAGR% (2023 to 2033) | 14.9% |
| Top 5 Vendor Market Share | 20.5% |
A video doorbell is a gadget that allows the end-user to observe who is at his or her front door via a system screen or a smartphone/tablet. The camera feeds whatever it captures live, functions almost entirely over Wi-Fi, and is typically included as a component of a smart security system kit installation, with the capacity to communicate from the outside to inside.
This market is a part of smart home security market and consists about 20.5% market share.
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The CAGR for video doorbell market is expected to grow from 10.2% in 2018-22 to 14.9% in 2023 to 2033.
Rising worries about residential and business security and safety, as well as a surge in robberies and thefts around the world, are major drivers driving global market demand. The rising demand for home automation has fuelled the demand for doorbell cameras. The desire for smart houses with smart home security systems has grown.
This market is still in its growth stage and therefore can provide great opportunities for investors.
The increase in worry among individuals about safety and security as a result of an increase in the number of crimes such as robbery and trespass are the key driving reason for the expansion of the video doorbell market. Video doorbells provide great security and perks such as remote locking and unlocking and owner alerts, Therefore people who prioritize home security
Furthermore, advancements in IoT technologies, lower component costs, and combination of video doorbells with smart locks are likely to drive video doorbell market growth.
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Due to the widespread use of video doorbell system, North America dominates the global market for video doorbell with a market share of 24.8%.
Increasing investment in wireless technology development, a strong presence of major industry players, and growing preference for smart homes are some of the primary drivers driving revenue growth in this region.
Video Doorbell are implemented widely in the USA, where almost household has a security system, based on the 2022 State of Safety study, 3 out of 5 of Americans employ some form of home security, so it can be implied that video doorbells are popular in USA. The most frequent type of home security is security cameras, followed by dogs, weapons, and security systems. Several key players like Google Nest and Amazon Ring also exist in the USA.
Therefore USA have the largest market share of 24.2%.
The video doorbell market is quite nascent in India, only about 4.3% of households in India have smart home security, before 2019 video doorbells were only installed by certain individuals who would deem it necessary, however now multiple families with working parents are considering installing smart home security systems, Because of this India can provide good opportunities for investors in the video doorbell market.
Therefore India has a CAGR of 10.2%
Over the last few years, much of the attention in the surveillance sector has been centred on China's large installations of webcams and artificial intelligence systems. What has garnered significantly less notice is the high amount of surveillance camera penetration in the United States. This increased focus on surveillance sector in China, can provide opportunities for investors in video doorbell camera market. Thus having it a CAGR of 8.5%.
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Consumers have shown a higher inclination towards wired doorbell camera over wireless ones, due factors like, there is no interference from other wireless connections and the ease of replacement of parts at the time of a breakdown as well as not requiring internet connection or additional batteries for continuous operations. Therefore, it is inferred that wired doorbell cameras are a still profitable market to invest in, giving it a market share of 51.2%
Due to an increase in vandalism and theft, security has become a primary priority for businesses. Small businesses, particularly those selling jewellery, gadgets, and other high-priced items, stand to benefit from the implementation of doorbell cameras. These devices alert the user to the presence of individuals who have a history of causing trouble. According to a poll done by Vivint, Inc., a major business in the smart home surveillance market, over 60% of 400 criminals would avoid a location or choose a new focus if they were conscious of the presence of surveillance cameras. Therefore, increasing the demand for non-residential doorbell cameras
Thus, the market has the market share of 52.4%.
Virtually both indoor and outdoor cameras are identical in usage however; outdoor cameras are also more vulnerable to tampering. Indoor cameras may be smaller, cheaper, and less intrusive than bulkier outdoor cameras. Therefore, consumers prefer indoor cameras over outdoor ones. Therefore, indoor cameras have a CAGR 20.4%
Several companies in both developed and developing countries are emerging in the video doorbell market, this is leading the market into a position of competitiveness as no firms have been established as a top player yet.
| Attribute | Details |
|---|---|
| Market value in 2022 | US$ 1.6 Billion |
| Market CAGR 2022 to 2032 | 14.9% |
| Share of top 5 players | 31.2% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa |
| Key Segments Covered | Product Type, End User, Application and Region |
| Key Companies Profiled | August Home; AUXTRON; Hangzhou; Hikvision; Digital Technology Co., Ltd.; IFIHomes; Napco Security Technologies, Inc.; Ring; SkyBell Technologies, Inc.; Vivint, Inc.; VTech Communications, Inc.; Zmodo |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
August Home, AUXTRON, Hangzhou Hikvision Digital Technology Co., Ltd., IFIHomes, Napco Security Technologies, Inc., Ring, SkyBell Technologies, Inc., Vivint, Inc., VTech Communications, Inc., Zmodoare some major players in the industry at the moment.
With a CAGR of 19.8%, South Asia & Pacific is expected to show high growth in coming years.
Rising worries about residential and business security and safety, as well as a surge in robberies and thefts around the world, are major drivers driving global market demand.
Wired video doorbell have the highest market share for Video Doorbell, valued at 51.2%
Indoor Video Camera has the highest CAGR at 20.4%
The top 5 countries for Video Doorbell include India, China, Japan, Germany and the United States.
The South Asia and Pacific region’s market share is valued at 15.9%
With a CAGR of 10.2%, India has the highest CAGR for the forecast period.
The CAGR for forecast period 2018 to 2022 was 14.9%
China had the largest market share within East Asian countries with 8.7%
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