Video Doorbell Market Future Trends, Market Opportunities At a CAGR of 14.3% | Progress Insight 2031

A video doorbell is a smart home device that combines a traditional doorbell with a built-in camera and internet connectivity. It allows homeowners to see and communicate with visitors at their front door remotely, using a smartphone, tablet, or computer. Video doorbells have become increasingly popular due to their convenience, security features, and ability to enhance home surveillance. The video doorbell market size was valued at $1.2 billion in 2021, and is estimated to reach $4.6 billion by 2031, growing at a CAGR of 14.3% from 2022 to 2031.

Increase in concerns about thefts and burglary have led people to use video doorbells. In addition, factors such as rise in investments in R&D activities by key market players to develop more advanced products is expected to boost the video doorbell market growth. Moreover, adoption of internet of things (IoT) and artificial intelligence (AI) in doorbell systems is on the rise, which is likely to boost the growth of the video doorbell market. Furthermore, people are becoming aware of video doorbells as suitable options for safety and security needs, which is expected to expand the growth of the video doorbell market. Rise in penetration of the internet, along with the desire for convenience of controlling most amenities with just one click of the button is expected to promote the sales of video doorbells.

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Major players have adopted product launch and acquisition as key strategies to sustain the competition and improve product portfolio. For instance, in October 2021, Wyze launched Video Doorbell Pro, an upgraded ultra-wide resolution that allows its users to see a wider area of their porch as well as comes with wire-free installation. This launch is likely to add enrichment to its product line. Such launches are anticipated to expand the video doorbell market.

Benefits of Video Doorbells:
Video doorbells serve as an additional layer of security, allowing homeowners to monitor and identify visitors without opening the door. This can help deter potential burglars or package thieves.
Homeowners can receive notifications and communicate with visitors from anywhere, providing convenience and peace of mind.
Video doorbells can help homeowners manage package deliveries by notifying them when a delivery is made, allowing them to instruct the delivery person on where to leave the package.

The motion detection feature allows video doorbells to act as surveillance cameras, capturing activity around the front door and providing recorded footage for review if needed.
Overall, video doorbells have become a popular and effective smart home solution, offering security, convenience, and remote monitoring capabilities for homeowners.

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Top Players:
The key players that operate in the video doorbell market are ADT Inc., Amazon.com Inc., Arlo, ASSA ABLOY Group (August Home), Dbell Inc., LaView Eagle-Eye Technology Inc., Netvue Inc., Night Owl SP, LLC, Olive & Dove, Owlet Home LLC, Panasonic Corporation, SimpliSafe Inc., SkyBell Technologies, Inc, TP-Link Technologies Co.Ltd., Vivint Smart Home Inc., Wyze, and Zmodo.

KEY FINDINGS OF THE STUDY
• The report provides an extensive analysis of the current and emerging global video doorbell market trends and dynamics.
• By product type, the wireless segment has dominated the video doorbell market, in terms of revenue in 2021 while the wired system is projected to grow at a significant CAGR during the forecast period.
• By end user, the residential segment has registered highest revenue in 2021.
• By region, North America is projected to register highest growth rate in the coming years.
• Key players within the global video doorbell market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the video doorbell industry.
• The video doorbell market forecast analysis from 2022 to 2031 is included in the report.
• In-depth global video doorbell market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.

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