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, 2021-2031
The global smart doorbell market was valued at $2,667.6 million in 2021, and is projected to reach $14,441 million by 2031, registering a CAGR of 18.3% from 2022 to 2031. Smart doorbell system is an Internet connected doorbell device that sends notification to home owners 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.
Rise in adoption of Internet of Things (IoT) and artificial intelligence (AI) in the doorbell systems, boosts the growth of the smart doorbell market. Growing concerns over safety and security among population is expected to increase the demand for smart doorbell, and further boost the growth of the smart doorbell market. Rise in penetration of Internet, along with increase in desire for controlling most amenities, with one click, is expected to promote the sales of smart doorbell.
Rise in initiatives undertaken by authorities and government for promoting the use of smart doorbell, is anticipated to provide lucrative opportunities for the growth of the smart doorbell market. Furthermore, increase in threats against safety of individuals and households is further anticipated to propel the growth of the smart doorbell market. Rise in demand for comfortable and luxury lifestyle globally, increases the demand for smart doorbell systems, which boosts the growth of the smart doorbell market.
However, lack of availability of Internet connectivity and high capital cost required for smart doorbell, limits the growth of the smart doorbell market. Furthermore, technological innovation in the smart doorbell systems, is expected to provide lucrative opportunities for the growth of the smart doorbell market.
The smart doorbell market is segmented on the basis of product type, distribution channel, end user, and region. By product type, the market is divided into wired doorbell and wireless doorbell. By distribution channel, the market is divided into online and offline. By end user, the market is bifurcated into residential and commercial.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the smart doorbell market Panasonic Corporation, Amazon.Com, Dbell Inc., Skybell Technologies Inc., ASSA ABLOY Group, Vivint Smart Home Inc., Owlet Home LLC, Netvue Inc., Night Owl SP LLC, and LaView Eagle Eye Technology Inc. Major companies in the market have adopted product launch, business expansion, agreement and acquisition as their key developmental strategies to offer better products and services to customers in the smart doorbell market.
Key benefits for stakeholders
The study provides an in-depth analysis of the global smart doorbell market along with the current trends and future estimations to elucidate the imminent investment pockets.
A comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
Comprehensive quantitative analysis of the industry from 2021 to 2031 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
Key Market Segments
By End User
Commercial
Residential
By Product Type
Wired Doorbell
Wireless Doorbell
By Distribution Channel
Online
Offline
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
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
dbell Inc.
ASSA ABLOY Group
Amazon.com, Inc.
Owlet Home LLC
Night Owl SP, LLC
SkyBell Technologies, Inc.
Netvue, Inc.
Vivint Smart Home, Inc.
LaView Eagle-Eye Technology Inc.
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