The video doorbell market revenue estimated to grow US$ 1.6 Billion by 2023. The video doorbell market is projected to reach US$ 7.3 Billion by 2033, growing at a CAGR of 14.9% for 2023 to 2033.
Estimated Year (2023) Market Value
US$ 1.6 Billion
Projected Year (2033) Market Value
US$ 7.3 Billion
CAGR% (2023 to 2033)
14.9%
Top 5 Vendor Market Share
20.5%
A video doorbell is a gadget that allows the end-user to observe who is at his or her front door via a system screen or a smartphone/tablet. The camera feeds whatever it captures live, functions almost entirely over Wi-Fi, and is typically included as a component of a smart security system kit installation, with the capacity to communicate from the outside to inside.
This market is a part of smart home security market and consists about 20.5% market share.
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2018 to 2022 Video Doorbell Market Demand Outlooks Compared to 2023 to 2033 Forecast
The CAGR for video doorbell market is expected to grow from 10.2% in 2018-22 to 14.9% in 2023 to 2033.
Rising worries about residential and business security and safety, as well as a surge in robberies and thefts around the world, are major drivers driving global market demand. The rising demand for home automation has fuelled the demand for doorbell cameras. The desire for smart houses with smart home security systems has grown.
This market is still in its growth stage and therefore can provide great opportunities for investors.
Video doorbells provide great security and perks such as remote locking and unlocking and owner alerts
The increase in worry among individuals about safety and security as a result of an increase in the number of crimes such as robbery and trespass are the key driving reason for the expansion of the video doorbell market. Video doorbells provide great security and perks such as remote locking and unlocking and owner alerts, Therefore people who prioritize home security
Furthermore, advancements in IoT technologies, lower component costs, and combination of video doorbells with smart locks are likely to drive video doorbell market growth.
Find your sweet spots for generating winning opportunities in this market.
Regional Analysis
Due to the widespread use of video doorbell system, North America dominates the global market for video doorbell with a market share of 24.8%.
Increasing investment in wireless technology development, a strong presence of major industry players, and growing preference for smart homes are some of the primary drivers driving revenue growth in this region.
Country wise insights
USA Is Notably Matured In The Video Doorbell Market
Video Doorbell are implemented widely in the USA, where almost household has a security system, based on the 2022 State of Safety study, 3 out of 5 of Americans employ some form of home security, so it can be implied that video doorbells are popular in USA. The most frequent type of home security is security cameras, followed by dogs, weapons, and security systems. Several key players like Google Nest and Amazon Ring also exist in the USA.
Therefore USA have the largest market share of 24.2%.
India Can Provide Good Opportunities for Investors in The Video Doorbell Market
The video doorbell market is quite nascent in India, only about 4.3% of households in India have smart home security, before 2019 video doorbells were only installed by certain individuals who would deem it necessary, however now multiple families with working parents are considering installing smart home security systems, Because of this India can provide good opportunities for investors in the video doorbell market.
Therefore India has a CAGR of 10.2%
China Can Provide Opportunities for Investors For The Video Doorbell Market
Over the last few years, much of the attention in the surveillance sector has been centred on China's large installations of webcams and artificial intelligence systems. What has garnered significantly less notice is the high amount of surveillance camera penetration in the United States. This increased focus on surveillance sector in China, can provide opportunities for investors in video doorbell camera market. Thus having it a CAGR of 8.5%.
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Category wise Insights
Why are wired cameras preffered over wireless cameras for video doorbells?
Consumers have shown a higher inclination towards wired doorbell camera over wireless ones, due factors like, there is no interference from other wireless connections and the ease of replacement of parts at the time of a breakdown as well as not requiring internet connection or additional batteries for continuous operations. Therefore, it is inferred that wired doorbell cameras are a still profitable market to invest in, giving it a market share of 51.2%
Why is there an increased demand for Video Doorbell Cameras in Non-Residential Areas?
Due to an increase in vandalism and theft, security has become a primary priority for businesses. Small businesses, particularly those selling jewellery, gadgets, and other high-priced items, stand to benefit from the implementation of doorbell cameras. These devices alert the user to the presence of individuals who have a history of causing trouble. According to a poll done by Vivint, Inc., a major business in the smart home surveillance market, over 60% of 400 criminals would avoid a location or choose a new focus if they were conscious of the presence of surveillance cameras. Therefore, increasing the demand for non-residential doorbell cameras
Thus, the market has the market share of 52.4%.
Why Indoor Cameras for Video Doorbells Are Better to Invest in Compared to Outdoor Ones?
Virtually both indoor and outdoor cameras are identical in usage however; outdoor cameras are also more vulnerable to tampering. Indoor cameras may be smaller, cheaper, and less intrusive than bulkier outdoor cameras. Therefore, consumers prefer indoor cameras over outdoor ones. Therefore, indoor cameras have a CAGR 20.4%
Competitive Landscape
Several companies in both developed and developing countries are emerging in the video doorbell market, this is leading the market into a position of competitiveness as no firms have been established as a top player yet.
In November 2021, Latch, Inc. established partnerships with Marks USA and TownSteel, Inc., as well as an upcoming cooperation with dormakaba Holding AG. This series of events is meant to increase LatchOS's acceptance with new visitors, residents, and property managers.
In December 2021, Hikvision has established collaboration with Irida Laboratories, a European provider of AI vision solutions. This advancement would provide smart vision Innovative approaches for such logistics and production industries to perform real-time plant and warehouse management.
Scope of report
Attribute
Details
Market value in 2022
US$ 1.6 Billion
Market CAGR 2022 to 2032
14.9%
Share of top 5 players
31.2%
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
USD Billion for Value
Key Regions Covered
North America, Latin America, Europe, South Asia & Pacific, East Asia and the Middle East & Africa
Key Countries Covered
USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa
Key Segments Covered
Product Type, End User, Application and Region
Key Companies Profiled
August Home
AUXTRON
Hangzhou
Hikvision
Digital Technology Co., Ltd.
IFIHomes
Napco Security Technologies, Inc.
Ring
SkyBell Technologies, Inc.
Vivint, Inc.
VTech Communications, Inc.
Zmodo
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Video Doorbell by Category
By Product Type:
Wired
Wireless
By End User:
Residential
Non-Residential
By Sales Channel:
Online/eCommerce
Physical Stores
By Region:
North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East and Africa
Frequently Asked Questions
Which are some leading companies which offer Video Doorbell?
August Home, AUXTRON, Hangzhou Hikvision Digital Technology Co., Ltd., IFIHomes, Napco Security Technologies, Inc., Ring, SkyBell Technologies, Inc., Vivint, Inc., VTech Communications, Inc., Zmodoare some major players in the industry at the moment.
Which region is expected to showcase high growth in Video Doorbell demand?
With a CAGR of 19.8%, South Asia & Pacific is expected to show high growth in coming years.
What are the driving demands for implementing Video Doorbell?
Rising worries about residential and business security and safety, as well as a surge in robberies and thefts around the world, are major drivers driving global market demand.
Which Product has the largest market share for the Video Doorbell?
Wired video doorbell have the highest market share for Video Doorbell, valued at 51.2%
Which application has the highest CAGR for the Video Doorbell?
Indoor Video Camera has the highest CAGR at 20.4%
Which are the top five countries for Video Doorbell market?
The top 5 countries for Video Doorbell include India, China, Japan, Germany and the United States.
What is the market share and value for the South Asia and Pacific region for the year 2021?
The South Asia and Pacific region’s market share is valued at 15.9%
Which country has the highest CAGR for the forecast period?
With a CAGR of 10.2%, India has the highest CAGR for the forecast period.
What was the CAGR for the forecast period 2018 to 2022 for Video Doorbell market?
The CAGR for forecast period 2018 to 2022 was 14.9%
Which East Asian Country had the largest market share for Video Doorbell for the year 2021?
China had the largest market share within East Asian countries with 8.7%
