Global Doorbell Market 2023-2030

Global Doorbell Market 2023-2030

Global doorbell market is anticipated to grow at a considerable CAGR of 31.0% during the forecast period. Concerns about the security, safety, and well-being of individuals and families are expected to play a significant role in broadening the application of doorbell systems. Consumers are becoming increasingly interested in smart locks due to features such as flexibility with high security, remote locking and unlocking, ease of installation, and quick alerts to homeowners in the event of a burglary, which will provide potential opportunities for the smart doorbell market to grow in the coming years. Besides, significant expansion in commercial buildings is projected to create a high demand for the setup of security devices, thereby driving the market’s growth.

Segmental Outlook

The global doorbell market is segmented by product type and end-user. Based on product type, the market is sub-segmented into wired doorbell and wireless doorbell. Based on end-user, the market is sub-segmented into residential and commercial. Among these, the residential segment is expected to hold the largest share of the market. The growing demand for home security systems, convenience, smart home technology, and the increasing availability and affordability of smart doorbells are some of the factors driving the growth of the residential segment in the smart doorbell market.

The Wireless Doorbell Segment Holds a Prominent Share in the Global Doorbell Market

Based on product type, the market is sub-segmented into wired doorbell and wireless doorbell. Among these, the wireless category is predicted to account for the majority of market share. The rising need for wireless sensor networks, better dependability, and technical improvements are the significant aspects boosting demand for wireless doorbell cameras globally. Wireless installation is a convenient alternative for homes since it does not require any wires. As a result, the wireless category is predicted to grow at the quickest rate over the projection period.

Regional Outlook

The global doorbell market is segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the rest of the world (the Middle East and Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among the regions, the North American region is expected to generate the highest market share. Additionally, the Asia-Pacific market is predicted to grow significantly owing to the increasing population, home automation activities, and growing urbanization. For instance, according to the World Economic Forum’s 2019 report, almost a third of the predicted urban development between 2019 and 2050 is estimated to occur in just three countries- India, China, and Nigeria. India is expected to add 416 million urban residents by 2050, China 255 million, and Nigeria 189 million.

The North American Region is Expected to Dominate the Global Doorbell Market

Due to the high adoption rate of smart home automation systems and smart home appliances, North America dominates the doorbell industry. Additionally, the increased use of advanced video smart doorbell systems and substantial financial expenditures by governments in smart cities will drive the region's smart doorbell market expansion throughout the projection period. The region’s urban population is also increasing, which is another key factor in the growth of the market. According to Macrotrends LLC, the North American urban population number in 2021 was 306.3 million, a 0.4% increase from 2020.

The expanding trend of smart homes in urban populations, which include home automation solutions as well as increased concerns about house safety, is boosting demand for doorbell cameras in the area. For instance, according to a US Department of Justice report, burglaries accounted for 18.2% of the expected number of property crimes in the US in 2017. Besides that, forced entrance was used in nearly 57.5% of the burglaries, 36.2% were unauthorized intrusions, and 6.3% were attempts at forcible entry. As a result, the region is expected to own a significant number of market shares during the forecast period.

Market Players Outlook

The major companies serving the global doorbell market include SkyBell Technologies, Inc., Vivint, Inc., Zmodo Technology Corporation Ltd., Equeshome.eu, SimpliSafe, Inc., and others. These companies are considerably contributing to the market’s growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, investments, and new product launches to stay competitive in the market. For instance, in October 2022, Google released the second-generation Nest Doorbell, which has a wired connection. The second-generation wired Nest Doorbell is approximately 30% smaller in size than the battery-powered variant, making it easier to position the device in confined areas. The camera can distinguish the type of subject in the frame and determine if it is a human, animal, or vehicle, making it easier for users to receive alerts for certain sorts of triggers and decreasing notification spam. It also includes a talk-and-listen function.

The Report Covers-

Market value data analysis for 2023 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global doorbell market. Based on the availability of data, information related to new product launches and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market entry and market expansion strategies.

Competitive strategies by identifying ‘who stands where’ in the market.