Video Doorbell Market | Contrive Datum Insights

The Global Video Doorbell Market Size Was Valued At USD 1.2 Billion In 2022 And Is Expected To Reach USD 4.6 Billion By 2030, Growing At A CAGR Of 14.3% From 2022 To 2030.

Video Doorbell Market Overview:

The pervasiveness of the Internet and the transition to digitization has led to the introduction of a variety of high-end home appliances such as DIY smart security solutions, video intercoms, keyless entry systems and video doorbells.

A video doorbell is a device that allows end users to monitor who is at their door, either from their system screen or smartphone/tablet (i.e. remotely).Since this product is relatively new to the market, it offers a variety of small and medium-sized vendors an opportunity to strengthen their market presence.

For example, various video doorbell vendors are contracting with existing players with the intention of expanding their business in the market. In February 2018, Amazon acquired Ring, a maker of video doorbells. Ring aims to increase sales of video doorbells worldwide with this deal.Video doorbells are relatively new in the market, but are expected to witness a boom in the future, especially in developing countries such as India and China.

The global video doorbell market is segmented by product type, connectivity, and region. By product type, the market is segmented into wired and wireless doorbells. Wired doorbells are more reliable and offer better performance, but they require installation by a professional. Wireless doorbells are easier to install and more affordable, but they may not offer as good of performance as wired doorbells.

By connectivity, the market is segmented into Wi-Fi and Bluetooth doorbells. Wi-Fi doorbells are more popular as they offer a wider range of features and are easier to set up. Bluetooth doorbells are less expensive, but they offer fewer features and require users to be within range of the doorbell to use it.

By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is the largest market for video doorbells, followed by Europe and Asia Pacific. The growth of the market in North America is attributed to the increasing awareness of home security and the rising adoption of smart homes. The growth of the market in Europe is attributed to the increasing demand for home security and the growing popularity of smart homes. The growth of the market in Asia Pacific is attributed to the rising disposable income and the increasing demand for home security.

The major players in the global video doorbell market are Amazon, Google, Ring, SkyBell, and Vivint. These companies are investing in research and development to develop new features and improve the performance of their video doorbells. They are also expanding their distribution channels to reach a wider audience.

Key Market Updates:

• In February 2021, Ring launched its new video doorbell product, the Ring video doorbell Pro 2, which offers head-to-toe video, 1536p HD video, 3D motion detection and bird's eye view for a clearer view.

Major Market Segments Covered in Video Doorbell Industry Research:

• Amocam
• Aiphone
• Ring
• Zmodo
• Honeywell
• Smanos
• SkyBell
• VTech
• Vivint
• August
• Eques
• Kwikset
• SmartThings
• Others.

Key Vendors:

• Amocam is a relatively new brand that offers high-quality security cameras at a competitive price. They are based in Hong Kong and were founded in 2016. Amocam cameras are known for their easy installation and use, as well as their variety of features, such as night vision, motion detection, and two-way audio.

• Aiphone is a more established brand that offers a wider range of security cameras, including wired and wireless models. They are based in Japan and were founded in 1946. Aiphone cameras are known for their high quality and durability.

• Ring is a popular brand that offers a variety of security cameras, including doorbell cameras, indoor cameras, and outdoor cameras. They are based in the United States and were founded in 2013. Ring cameras are known for their easy use and integration with other smart home devices.

• Zmodo is a budget-friendly brand that offers a variety of security cameras, including indoor and outdoor models. They are based in China and were founded in 2008. Zmodo cameras are known for their easy installation and use, as well as their variety of features, such as night vision, motion detection, and two-way audio.

• Honeywell is a well-known brand that offers a variety of security cameras, including wired and wireless models. They are based in the United States and were founded in 1906. Honeywell cameras are known for their high quality and durability.

By Type:

• WiFi
• DECT

DECT (Digital Enhanced Cordless Telecommunications) :

DECT is a dedicated wireless technology designed specifically for voice communication. DECT operates on a specific frequency band (1.9 GHz) that is reserved for cordless phones.DECT is more reliable and secure than Wi-Fi.DECT handsets typically have longer battery life than Wi-Fi handsets. DECT is more expensive than Wi-Fi.

Wi-Fi:

Wi-Fi is a general-purpose wireless technology that can be used for both voice and data communication.Wi-Fi operates on a variety of frequency bands, including 2.4 GHz and 5 GHz.Wi-Fi is less reliable and secure than DECT.Wi-Fi handsets typically have shorter battery life than DECT handsets.Wi-Fi is less expensive than DECT.

By Application:

• Residential
• Commercial

Residential properties are typically valued based on the number of bedrooms and bathrooms, the square footage of the home, and the location of the property.

• Residential properties:
  • The number of bedrooms and bathrooms
  • The square footage of the home
  • The location of the property (e.g., city, neighborhood, school district)
  • The age of the home
  • The condition of the home
  • The amenities of the home (e.g., pool, garage, etc.)
  • The price of the home

Commercial properties are typically valued based on the amount of square footage, the type of business that is located in the property, and the location of the property.

• Commercial properties:
  • The amount of square footage
  • The type of business that is located in the property
  • The location of the property
  • The age of the property
  • The condition of the property
  • The amenities of the property (e.g., parking, loading dock, etc.)
  • The price of the property

By Region:

The video doorbell market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

• North America is the largest market for video doorbells, accounting for more than 30% of the global market share. The growth of the video doorbell market in North America is driven by the increasing demand for home security and safety solutions, as well as the growing popularity of smart home devices.
• Europe is the second largest market for video doorbells, accounting for nearly 25% of the global market share. The growth of the video doorbell market in Europe is driven by similar factors to those in North America, as well as the increasing penetration of broadband internet and mobile devices.
• Asia Pacific is the third largest market for video doorbells, accounting for nearly 20% of the global market share. The growth of the video doorbell market in Asia Pacific is driven by the growing middle class, increasing urbanization, and rising concerns about home security and safety.
• Latin America is the fourth largest market for video doorbells, accounting for nearly 15% of the global market share. The growth of the video doorbell market in Latin America is driven by the increasing demand for home security and safety solutions, as well as the growing popularity of smart home devices.
• Middle East & Africa is the smallest market for video doorbells, accounting for nearly 10% of the global market share. The growth of the video doorbell market in Middle East & Africa is driven by the increasing demand for home security and safety solutions, as well as the growing popularity of smart home devices.

The video doorbell market is expected to grow at a CAGR of nearly 15% from 2022 to 2030. The growth of the market is driven by the increasing demand for home security and safety solutions, as well as the growing popularity of smart home devices.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Market Dynamics

• Increasing demand for home security and safety solutions: The increasing demand for home security and safety solutions is one of the key factors driving the growth of the video doorbell market. Video doorbells provide a convenient and affordable way for homeowners to monitor their homes and property. They can also be used to deter crime and identify criminals.
• Growing popularity of smart home devices: The growing popularity of smart home devices is another key factor driving the growth of the video doorbell market. Video doorbells can be easily integrated with other smart home devices, such as smart locks, thermostats, and security systems. This allows homeowners to control their home's security and other features remotely.

Market Restraints

• High initial cost: The high initial cost of video doorbells is one of the key restraints limiting the growth of the market. Video doorbells can be expensive, especially for consumers who are on a budget.
• Privacy concerns: Some consumers have privacy concerns about video doorbells. They are worried that their personal information could be collected and used by third parties.

  Market Drivers:

  • Increasing demand for home security and safety solutions: The increasing demand for home security and safety solutions is one of the key factors driving the growth of the video doorbell market. Video doorbells provide a convenient and affordable way for homeowners to monitor their homes and property. They can also be used to deter crime and identify criminals.

  • Growing popularity of smart home devices: The growing popularity of smart home devices is another key factor driving the growth of the video doorbell market. Video doorbells can be easily integrated with other smart home devices, such as smart locks, thermostats, and security systems. This allows homeowners to control their home's security and other features remotely.

  • Improvements in technology: Video doorbell technology has improved significantly in recent years. Video doorbells now offer features such as HD video, night vision, and two-way audio. These features make video doorbells more appealing to consumers and make them more effective security devices.

  • Government initiatives: Governments around the world are increasingly promoting the use of video doorbells as a way to improve public safety. For example, the UK government has launched a campaign to encourage homeowners to install video doorbells.

  Market Trends :

  • The rise of smart doorbells: Smart doorbells are becoming increasingly popular. Smart doorbells offer features such as remote viewing, motion detection, and two-way audio. These features make smart doorbells more convenient and effective security devices.

  • The growth of the subscription market: The video doorbell subscription market is growing rapidly. Subscription services offer features such as cloud storage, video history, and person detection. These features make subscription services more appealing to consumers.

  • The increasing adoption of video doorbells in commercial applications: Video doorbells are increasingly being adopted in commercial applications, such as retail stores, offices, and schools. This is due to the increasing demand for security and safety in these environments.

Market Opportunities

• Growing adoption of video doorbells in commercial applications: Video doorbells are increasingly being adopted in commercial applications, such as retail stores, offices, and schools. This is due to the increasing demand for security and safety in these environments.
• Development of new features and technologies: Video doorbell manufacturers are constantly developing new features and technologies to make their products more appealing to consumers. Some of the latest features include two-way audio, night vision, and motion detection.

Market Challenges

• Competition from other home security solutions: Video doorbells face competition from other home security solutions, such as security cameras and alarm systems. These solutions offer similar features and benefits, but they may be more affordable or easier to install.
• Technological challenges: Video doorbell manufacturers face technological challenges in developing products that are reliable, easy to use, and affordable. They also need to develop products that can be integrated with other smart home devices.

Scope of Report :

Conclusion:
                  The video doorbell market is a dynamic and growing industry driven by increasing security concerns and the adoption of smart home technologies. As technology continues to advance, we can expect further innovations in video quality, motion detection, facial recognition, and integration with other smart devices. However, it is crucial for manufacturers to prioritize user privacy and security to maintain consumer trust and confidence in these devices.

Key Takeaways from this Video Doorbell Report

• Estimate Video Doorbell market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Video Doorbell market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.