Smart Doorbell Market by Product and Geography - Forecast and Analysis 2020-2024
- Published: Jan 2022
- Pages: 120
- SKU: IRTNTR40574
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The smart doorbell market share is expected to increase by USD 1.19 billion from 2019 to 2024, at a CAGR of 25.12%.
This smart doorbell market research report extensively covers smart doorbell market segmentation by product (stand-alone smart doorbell and integrated smart doorbell) and geography (North America, Europe, APAC, MEA, and South America). The smart doorbell market report also offers information on several market vendors, including Aeotec Technology (Shenzhen) Co. Ltd., Arlo Technologies Inc., August Home Inc., Eques Inc., iseeBell Inc., Ring LLC, SkyBell Technologies Inc., Soliom Solar Home Security, VStarcam, and Xiaomi Corp. among others.
What will the Smart Doorbell Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Smart Doorbell Market Size for the Forecast Period and Other Important Statistics
Smart Doorbell Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for smart locks is notably driving the smart doorbell market growth, although factors such as technical issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart doorbell industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Smart Doorbell Market Driver
One of the key factors driving the global smart doorbell market growth is the increasing demand for smart locks. Flexibility with high security, remote locking and unlocking, and instant alerts to the homeowner in case of suspicious incidences are some of the advantages that are encouraging the adoption of smart doorbells. The entry of new players in the global market has led to the availability of new products at low prices, leading to price-war among the vendors that will benefit the consumers. Furthermore, vendors are offering smart locks that are highly compatible with specific smart doorbells. Such factors will increase the demand for smart locks, which, in turn, will drive the growth of the market in focus during the forecast period.
Key Smart Doorbell Market Trend
Another key factor driving the global smart doorbell market growth is the use of smart doorbells for video surveillance. Several law enforcement organizations are collaborating with vendors to create a video surveillance network without the high cost of deployment. For instance, in June 2019, fifty police stations across the US partnered with Amazon.com to get access to video footage from users of the Ring smart doorbell. Police stations are offering free or discounted doorbells in exchange for a pledge to register the devices with law enforcement and submit all the requested footage such as the Green Bay Police Department in Wisconsin and the Gwinnett Police Department in Atlanta partnered with Ring to distribute smart video doorbells in the communities. Such factors are expected to support the global smart doorbell market growth in the forecast period.
Key Smart Doorbell Market Challenge
One of the key challenges that impede the smart doorbell market growth is the technical issues of the products. Vendors are frequently upgrading their products to stay ahead of the competition and capitalize on the growing demand for smart doorbells by integrating advanced electronics in smart doorbells, which is leading to design complexities and technical issues in video switching, feed, and streaming, as well as connectivity issues. In April 2019, August Home announced that it had stopped the sales of its View doorbell due to various complaints about performance. Such technical issues can only be solved through extensive R&D that requires huge investment, which is expected to challenge the growth of the market during the forecast period.
This smart doorbell 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.
Parent Market Analysis
Technavio categorizes the global smart doorbell market as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart doorbell market during the forecast period.
Who are the Major Smart Doorbell Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Aeotec Technology (Shenzhen) Co. Ltd.
- Arlo Technologies Inc.
- August Home Inc.
- Eques Inc.
- iseeBell Inc.
- Ring LLC
- SkyBell Technologies Inc.
- Soliom Solar Home Security
- Xiaomi Corp.
This statistical study of the smart doorbell market encompasses successful business strategies deployed by the key vendors. The smart doorbell market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.
Product Insights and News
Arlo Technologies Inc. - The company offers a wired video doorbell that keeps a watch over the doorstep and gets a wider 180 viewing angle with convenience.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The smart doorbell market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Smart Doorbell Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the smart doorbell market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
Which are the Key Regions for Smart Doorbell Market?
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54% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for smart doorbells in North America. Market growth in this region will be faster than the growth of the market in Europe.
Product penetration, awareness, and availability of best-priced products of smart home automation in developed economies such as the US will facilitate the smart doorbell 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.
COVID Impact and Recovery Analysis
In 2020, the rapid transmission of COVID-19 impacted the growth of major industries that hindered the supply of smart doorbells. Manufacturing operations and supply chains of consumer electronics such as smart doorbells were halted. However, in the first half of 2021, manufacturing activities were resumed with proper sanitization rules and social distancing guidelines, owing to the vaccination drives and other factors. Thus, the demand for smart doorbells in the region is expected to grow during the forecast period.
What are the Revenue-generating Product Segments in the Smart Doorbell Market?
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The smart doorbell market share growth by the stand-alone smart doorbell segment will be significant during the forecast period. One of the prominent factors driving the demand for stand-alone smart doorbells is their cost advantage over integrated smart doorbells as users need to pay only for the doorbell and the video recording subscription (if needed), which reduces the overall cost of installation.
This report provides an accurate prediction of the contribution of all the segments to the growth of the smart doorbell market size and actionable market insights on post COVID-19 impact on each segment.
Smart Doorbell Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 25.12%.
Market growth 2021-2025
$ 1.19 billion
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
North America at 54%
Key consumer countries
US, Canada, Japan, UAE, and China
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Aeotec Technology (Shenzhen) Co. Ltd., Arlo Technologies Inc., August Home Inc., Eques Inc., iseeBell Inc., Ring LLC, SkyBell Technologies Inc., Soliom Solar Home Security, VStarcam , and Xiaomi Corp.
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
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 Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive smart doorbell market growth during the next five years
- Precise estimation of the smart doorbell market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the smart doorbell industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart doorbell market vendors
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1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Exhibit 03: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 04: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 07: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 08: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 09: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 10: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 11: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 12: Threat of rivalry
- 4.7 Market condition
- Exhibit 13: Market condition - Five forces 2020
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 14: Product - Market share 2020-2025 (%)
- 5.2 Comparison by Product
- Exhibit 15: Comparison by Product
- 5.3 Stand-alone smart doorbell - Market size and forecast 2020-2025
- Exhibit 16: Stand-alone smart doorbell - Market size and forecast 2020-2025 ($ million)
- Exhibit 17: Stand-alone smart doorbell - Year-over-year growth 2020-2025 (%)
- 5.4 Integrated smart doorbell - Market size and forecast 2020-2025
- Exhibit 18: Integrated smart doorbell - Market size and forecast 2020-2025 ($ million)
- Exhibit 19: Integrated smart doorbell - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Product
- Exhibit 20: Market opportunity by product
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 22: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 23: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 24: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 25: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 26: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 27: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 28: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 29: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 30: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 31: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 32: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 33: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 34: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 35: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 36: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Vendor landscape
- Exhibit 37: Vendor landscape
- 9.2 Landscape disruption
- Exhibit 38: Landscape disruption
- Exhibit 39: Industry risks
- 9.3 Competitive scenario
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 40: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 41: Market positioning of vendors
- 10.3 Aeotec Technology (Shenzhen) Co. Ltd.
- Exhibit 42: Aeotec Technology (Shenzhen) Co. Ltd. - Overview
- Exhibit 43: Aeotec Technology (Shenzhen) Co. Ltd. - Product and service
- Exhibit 44: Aeotec Technology (Shenzhen) Co. Ltd. - Key offerings
- 10.4 Arlo Technologies Inc.
- Exhibit 45: Arlo Technologies Inc. - Overview
- Exhibit 46: Arlo Technologies Inc. - Business segments
- Exhibit 47: Arlo Technologies Inc. - Key offerings
- 10.5 August Home Inc.
- 10.6 Eques Inc.
- Exhibit 51: Eques Inc. - Overview
- Exhibit 52: Eques Inc. - Product and service
- Exhibit 53: Eques Inc. - Key offerings
- 10.7 iseeBell Inc.
- Exhibit 54: iseeBell Inc. - Overview
- Exhibit 55: iseeBell Inc. - Product and service
- Exhibit 56: iseeBell Inc. - Key offerings
- 10.8 Ring LLC
- Exhibit 57: Ring LLC - Overview
- Exhibit 58: Ring LLC - Product and service
- Exhibit 59: Ring LLC - Key offerings
- 10.9 SkyBell Technologies Inc.
- Exhibit 60: SkyBell Technologies Inc. - Overview
- Exhibit 61: SkyBell Technologies Inc. - Product and service
- Exhibit 62: SkyBell Technologies Inc. - Key offerings
- 10.10 Soliom Solar Home Security
- Exhibit 63: Soliom Solar Home Security - Overview
- Exhibit 64: Soliom Solar Home Security - Product and service
- Exhibit 65: Soliom Solar Home Security - Key offerings
- 10.11 VStarcam
- Exhibit 66: VStarcam - Overview
- Exhibit 67: VStarcam - Product and service
- Exhibit 68: VStarcam - Key offerings
- 10.12 Xiaomi Corp.
- Exhibit 69: Xiaomi Corp. - Overview
- Exhibit 70: Xiaomi Corp. - Business segments
- Exhibit 71: Xiaomi Corp. - Key offerings
- Exhibit 72: Xiaomi Corp. - Segment focus
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 73: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 74: Research Methodology
- Exhibit 75: Validation techniques employed for market sizing
- Exhibit 76: Information sources
- 11.4 List of abbreviations
- Exhibit 77: List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increasing demand for smart locks
- Use of smart doorbells for video surveillance
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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