The smart doorbell camera market share is expected to increase by USD 3.27 billion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 41.94%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (stand-alone and integrated) and geography (North America, Europe, APAC, South America, and MEA).
The smart doorbell camera market report also offers information on several market vendors, including ADT Inc., Alphabet Inc., Amazon.com Inc., Arlo Technologies Inc., Hangzhou Hikvision Digital Technology Co. Ltd., SimpliSafe Inc., SkyBell Technologies Inc., VTech Holdings Ltd., Xiaomi Corp., and Zmodo Technology Corp. Ltd. among others.
ADT Inc. - The company offers smart doorbell cameras with features such as HD images, two-way audio, and other features. Under the unified segment, The company operates and reports in a single segment that includes the revenue generated from all the products.
What will the Smart Doorbell Camera Market Size be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the global smart doorbell camera market as a part of the global consumer electronics market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart doorbell camera market during the forecast period.
Smart Doorbell Camera Market: Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Smart Doorbell Camera Market Driver
- One of the key factors driving growth in the smart doorbell camera market is the inclination toward a high standard of living.
- In developing and developed countries, the high-net-worth individual (HNWI) population is growing, and the preference for a luxurious lifestyle is gradually increasing.
- With the rise in disposable income, consumers' spending capacity and their expenditure on luxury goods and services are increasing.
- With a rise in the number of working women, the number of dual-income households has increased globally. This, in turn, has increased the average income per household, which is a major factor driving the demand for advanced smart home solutions, such as smart doorbell cameras.
Key Smart Doorbell Camera Market Challenge
- The high installation costs will be a major challenge for the smart doorbell camera market during the forecast period.
- The adoption of smart doorbell cameras depends on two cost components: ongoing monitoring and purchase price. Repair and technical support charges also influence the cost of security systems.
- The high installation cost is a major factor hindering the adoption of home security systems by a majority of households. This is hindering the adoption of smart doorbell cameras among customers.
This smart doorbell camera market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Smart Doorbell Camera Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the smart doorbell camera market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Smart Doorbell Camera Market?
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47% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for smart doorbell cameras in North America. Market growth in this region will be slower than the growth of the market in other regions.
North America is a hub for several international and domestic vendors of smart home products. The region also benefits from being the early adopter of many new technologies. High penetration and awareness of smart home automation products among customers in the region have been pushing vendors in this market to introduce better products in the regional market. Since the disposable income of people is high, the adoption of advanced smart doorbell cameras continues to increase, thus propelling regional market growth. This will facilitate the smart doorbell camera market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing Product Segment in the Smart Doorbell Camera Market?
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The smart doorbell camera market share growth by the stand-alone segment will be significant during the forecast period. Stand-alone smart doorbell cameras are self-sustaining and do not require conventional doorbells. They can be connected to a user's smartphone through Wi-Fi; no other device or system can be connected. They are extremely popular because of their easy installation and simple operating dynamics. A user can install a stand-alone doorbell camera without any assistance from experts. The price of these doorbells ranges from USD 199 to USD 249. Low cost and easy functionalities contribute to the huge demand for these doorbells.
This report provides an accurate prediction of the contribution of all the segments to the growth of the smart doorbell camera market size and actionable market insights on the post-COVID-19 impact on each segment.
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Smart Doorbell Camera Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 41.94% |
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Market growth 2021-2025 |
USD 3.27 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
44.21 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 47% |
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Key countries |
US, China, Germany, Canada, UK, and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
ADT Inc., Alphabet Inc., Amazon.com Inc., Arlo Technologies Inc., Hangzhou Hikvision Digital Technology Co. Ltd., SimpliSafe Inc., SkyBell Technologies Inc., VTech Holdings Ltd., Xiaomi Corp., and Zmodo Technology Corp. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Smart Doorbell Camera Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive smart doorbell camera market growth during the next five years
- Precise estimation of the smart doorbell camera market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the smart doorbell camera market industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of smart doorbell camera market vendors
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