ID: MRFR/SEM/7155-HCR | February 2021 | Region: Global | 100 pages
Smart Doorbell Market Synopsis
Global smart doorbell market is expected to grow from USD 1,259.73 Million in 2018 to USD 2,056.08 Million by 2025, at a CAGR of 10.29%.
A smart doorbell is a communication and monitoring device that lets the user screen visitors. These doorbells come with internet connectivity and are equipped with a built-in camera, speaker and microphone. The growing customer awareness about safety and home security has led to the wide adoption of smart doorbells across the globe. Furthermore, rapid urbanization in various economies coupled with increased building automation drives the demand for smart doorbells in residential and commercial buildings. However, the high cost of smart doorbells is expected to hamper the market growth during the forecast period.
Global smart doorbell market has been segmented based on Type, Component, End Users, Sales Channel, and Region.
By Type, the market has been segmented into wired doorbell and wireless doorbell. The wired doorbell segment is projected to hold the larger market. However, the wireless doorbells segment is expected to register the higher CAGR during the forecast period as it is more versatile, easy to install with multiple channel operation, and affordable.
By Component, the market has been segmented into hardware and software. The hardware segment is expected to dominate the market in 2018 and it is expected to register the highest CAGR during the forecast period. The major hardware component of smart doorbell includes camera, light and motion sensors, microphone, infrared LED, and speaker.
By End User, the market has been segmented into residential and commercial. The residential segment constitutes the largest adopters of door intercom; it is expected to register the highest CAGR during the forecast period. The increase in smart home construction activities across the globe drives the demand for smart doorbells.
By sales channel, the market has been segmented into store-based and non-store based. Globally, the store-based segment is expected to hold a larger market. Most of the bulk orders of doorbell are placed through non-store based channels owing to the ease of purchase. However, the non-store-based segment is expected to register the highest CAGR during the forecast period.
Source: MRFR Analysis
Smart Doorbell Industry Segmentation
The global smart doorbell market has been segmented based on type, component, end-users, sales channel, and region.
Based on the type, the market has been segmented into wired doorbell and wireless doorbell.
Based on component, the market has been segmented into single-stage and multi-stage.
Based on end-user, the market has been segmented into Residential and Commercial.
Based on the sales channel, the market has been segmented into store-based and non-store based.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Smart Doorbell Market Regional Analysis
The Global Market for smart doorbells is estimated to grow at a significant rate during the forecast period from 2019 to 2025. The geographical analysis of the global market of smart doorbell has been done for North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to hold the largest share in the smart doorbell global market from 2019 to 2025. Advances in the Internet of Things (IoT) and artificial intelligence (AI) technologies have encouraged manufacturers to develop smart doorbells that are suitable for both residential and commercial spaces. Furthermore, the rise in the real estate sector in the region can drive the demand in the smart doorbell market.
Europe is the second-largest market for smart doorbells owing to the high concentration of market players, easy availability of proficient technical expertise, and a growing number of smart buildings. Moreover, the growing need for safety and security of residents in apartments and condominiums has attributed to the growth of the door intercom market in Europe.
Smart Doorbell Market Global Competitive Analysis
The key players have adopted product launches, geographic expansion, collaboration, and partnership as a part of their growth strategy to further increase their share in the smart doorbell global market. For instance, in 2019, Scout, a home security company launched a smart video doorbell named Scout Video Doorbell. The doorbell is based on the company’s proprietary People Detection technology and offers features such as HD video alerts, live streaming video with two-way audio, and infrared night vision among others. Similarly, in January 2019, Netatmo launched a smart doorbell that is compatible with Apple HomeKit; it enables the users to communicate with visitors using Siri and iPhone.
Smart Doorbell Market Global Key Players
The prominent players in the global smart doorbell market are Panasonic Corporation (Japan), Shenzhen VStarcam Technology Co., Ltd (China), Ring Inc. (US), SkyBell Technologies Inc. (US), dbell Inc. (US), August, Inc. (US), SkyBell Technologies, Inc. (US), Chui (US), Danke (XIAMEN) Intelligent Technology Co., Ltd. (China), Smartwares Group (Netherland), Legrand (France), and Arlo Technologies, Inc. (US).
Frequently Asked Questions (FAQ) :
At 10.29% CAGR, the global market of smart doorbell can value at USD 2.06 Bn by 2025.
Shenzhen VStarcam Technology Co., Ltd (China), SkyBell Technologies Inc. (US), and Ring Inc. (US) are some reputed companies in the smart doorbell market.
In 2018, the smart doorbell market was valued at 1,259.73 Mn.
Launch of innovative home security solutions can impel the smart doorbell market.
The APAC smart doorbell market can thrive at the highest CAGR by 2025.