Smart Doorbell Market Overview, 2031
Rise in adoption of Internet of Things (loT) Artificial Intelligence (Al) boost the growth of the smart doorbell industry. In addition, growing concerns over safety and security amongst the aging population is expected to increase the demand for smart doorbell and boost the growth of the smart doorbell market. Moreover, rise in the penetration of the internet and an increasing desire for controlling most amenities with one click are expected to drive the smart doorbell market growth. 
The rise in the initiatives undertaken by authorities and the government is anticipated to provide lucrative opportunities for the growth of the smart doorbell market. Furthermore, the rise in concern against threats grows the demand for the safety of individuals and households is further anticipated to propel the growth of the market. Moreover, the rise in demand for a comfortable and luxurious lifestyle globally grows the demand for smart doorbell systems.
By End User
Residential segment holds the largest share in the market
However, the lack availability of internet connectivity, and the high capital cost required for the smart doorbell, hamper the market growth. In addition, during the outbreak of the COVID-19 pandemic, the construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. This led to a decline in the manufacturing of various equipment used for smart doorbell as well as their demand in the market, thereby restraining the growth of the smart doorbell market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to the re-initiation of smart doorbell companies at their full-scale capacities, which helped the smart doorbell market to recover by end of 2021. On the contrary, technological innovation in smart doorbell systems is expected to provide lucrative smart doorbell market opportunities during the forecast period.
By Distribution Channel
Online segment holds dominant position in the market
The smart doorbell market analysis is done on the basis of product type, distribution channel, end user and region. By product type, the market is divided into wired doorbell and wireless doorbell. By distribution channel, the market is divided into online and offline. By end user, the market is divided into residential and commercial. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics.
In 2021, North America was the highest contributor to the global smart doorbell market share, and Asia-Pacific is anticipated to secure a leading position expanding smart doorbell market size during the forecast period.
By Region
North America holds dominant position in 2021 and Asia-Pacific is expected to grow at highest CAGR
On the basis of product type, in 2021 the wireless doorbell segment dominated the smart doorbell market, in terms of revenue, and the wired doorbell segment is expected to witness growth at the highest CAGR during the forecast period. As per the distribution channel, in 2021, the offline segment led the smart doorbell market, and the online is expected to exhibit the highest CAGR in the near future. By end user, the residential led the market in 2021, in terms of revenue, and the commercial segment is anticipated to register the highest CAGR during the forecast period. Region wise, North America garnered the highest revenue in 2021; and Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
By Product Type
Wired doorbell segment is projected to grow at a highest CAGR
COMPETITION ANALYSIS
The major players profiled in the smart doorbell market report are Panasonic Corporation, Amazon.Com, Dbell Inc., Skybell Technologies Inc., ASSA ABLOY Group, Vivint Smart Home Inc., Owlet Home LLC, Netvue Inc., Night Owl SP LLC, and LaView Eagle Eye Technology Inc.
Major companies in the market have adopted product launch, partnership, business expansion, and acquisition as their key developmental strategies to offer better products and services to customers and enhance smart doorbell market trends.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current trends and future estimations.
Extensive analysis of the smart doorbell market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing smart doorbell market opportunity.
The global smart doorbell market forecast analysis from 2022 to 2031 is included in the report.
The key market players within the global smart doorbell market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the global market.
Smart Doorbell Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 14.4 billion |
 Growth Rate | CAGR of 18.3% |
 Forecast period | 2021 - 2031 |
 Report Pages | 220 |
 By Distribution Channel |
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 By End User |
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 By Product Type |
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 By Region |
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 Key Market Players | ASSA ABLOY Group, dbell Inc., Owlet Home LLC, Night Owl SP, LLC, SkyBell Technologies, Inc., Amazon.com, Inc., Vivint Smart Home, Inc., Netvue, Inc., LaView Eagle-Eye Technology Inc., Panasonic Corporation |
Analyst Review
Smart doorbell is a combination of components, such as hardware and software to provide notifications to homeowners. It also captures a face or video of an individual who visits the home. It is used to send a specified message when the owner is not at home, and inform them about the presence of an individual at the door with the help of a video feed.
The rise in robbery cases and threats against the safety of individuals and households is further anticipated to propel the growth of the smart doorbell market. Also, customers are focusing on adopting smart locks in smart homes owing to features, such as easy installation, high security, remote locking and unlocking, and quick alerts to homeowners in the event of a burglary, which boosts the growth of the smart doorbell market. Rapid growth in smart cities all over the globe boosts the growth of the smart doorbell market. In addition, the rise in per capita income of the population in countries, such as Brazil, Africa, China, and others, fuels the growth of the smart doorbell market. For instance, according to Trading Economics, the disposable income of South Africa increased by 3.7% from the 3rd quarter of 2021 to the 4th quarter of 2021.
The rise in disposable income and changes in lifestyle grows the demand for smart doorbells for new construction and renovation activities, which fuels the growth of the global smart doorbell market. For instance, ADT and State Farm announced a partnership in September 2022. They have innovative plans to transform the customer experience by combining security, risk mitigation, and smart home capabilities. By utilizing smart home technology to detect and prevent losses brought on by water, fire, intrusion, and other home risks, the new integrated product aims to offer significant client value.
However, the lack of availability of Internet connectivity, and the high capital cost required for the smart doorbell, hampers the growth of the smart doorbell market. Furthermore, technological innovation in smart doorbell systems is anticipated to provide lucrative opportunities for the growth of the smart doorbell market.
The global smart doorbell market was valued at $2667.6 million in 2021, and is projected to reach $14441 million by 2031, registering a CAGR of 18.3% from 2022 to 2031.
The forecast period considered for the global smart doorbell market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.
To get latest version of global smart doorbell market report can be obtained on demand from the website.
The base year considered in the global smart doorbell market report is 2021.
The top companies holding the market share in the global smart doorbell market report include Panasonic Corporation, Amazon.Com, Dbell Inc., Skybell Technologies Inc., ASSA ABLOY Group, Vivint Smart Home Inc., Owlet Home LLC, Netvue Inc., Night Owl SP LLC, and LaView Eagle Eye Technology Inc.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
By product type, in 2021 the wireless doorbell segment dominated the global smart doorbell market, in terms of revenue while the wired doorbell segment is expected to maintain this trend during the forecast period.
By distribution channel, the offline segment is the highest share holder of global smart doorbell market.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The market value of the global smart doorbell market is $2667.6 million in 2021.
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