Press release
Video Doorbell Market 2031: By Report, Size, Share, Report at a CAGR of 14.3%
Video Doorbell Market
Key Drivers of Market Growth
The global video doorbell market has witnessed significant growth, primarily driven by an increasing awareness regarding the security of both residential and commercial buildings, coupled with a surge in demand for smart homes equipped with intelligent security systems. However, challenges such as limited internet connectivity and high initial investment costs have somewhat restrained market expansion. Nevertheless, ongoing technological innovations in video doorbell systems are anticipated to unlock new avenues for growth in the foreseeable future.
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Wireless Technology Leads the Way
In terms of product type, the wireless segment emerged as the frontrunner, capturing a substantial share of approximately three-fourths of the global video doorbell market in 2021. This dominance is attributed to a growing emphasis on home safety and security. Meanwhile, the wired segment is poised to exhibit the highest compound annual growth rate (CAGR) of 14.8% during the forecast period, buoyed by rapid urbanization and the global proliferation of building automation initiatives.
Outdoor Applications Drive Expansion
The outdoor segment is projected to experience the most rapid growth, boasting a CAGR of 14.6% over the forecast period. This segment not only commanded a significant portion of the market share in 2021, contributing to over two-thirds of the global video doorbell market, but is also anticipated to maintain its dominance in the coming years, fueled by the increasing demand for home automation solutions.
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Residential Sector Takes Center Stage
With regards to end users, the residential segment emerged as the dominant force in 2021, accounting for nearly three-fourths of the global video doorbell market. This trend is expected to persist from 2022 to 2031, driven by heightened concerns surrounding security and safety, as well as a growing preference for smart home security systems. Conversely, the non-residential segment is forecasted to witness the highest CAGR of 15.4% during the forecast period, attributed to escalating safety and security concerns, along with an enhanced comfort level within the non-residential sector.
North America Leads the Charge
Geographically, North America claimed the largest share of the market in 2021, capturing approximately two-fifths of the global video doorbell market. This dominance is projected to continue in terms of revenue throughout the forecast period, with the region also expected to register the highest CAGR of 16.5%. Factors contributing to this growth include increased investments in infrastructure and construction activities, alongside government initiatives aimed at bolstering infrastructure development. Furthermore, the report provides comprehensive market analyses for Europe, Asia-Pacific, and LAMEA regions.
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Top Players:
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
Zmodo
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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