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Global Doorbell Camera Market Set to Soar to US$ 3.7 Billion by 2031, Bolstered by Technological Advancements and Increased Security Concerns

06-12-2024 03:57 PM CET | Consumer Goods & Retail

Press release from: Transparency Market Research

Doorbell Camera Market

Doorbell Camera Market

The global doorbell camera market is on an upward trajectory, poised to grow from its 2021 valuation of US$ 1.5 billion to an impressive US$ 3.7 billion by the end of 2031. This robust growth, projected at a CAGR of 9.7% from 2022 to 2031, is fueled by several key factors including technological advancements, rising security concerns, and the growing trend of smart home solutions.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=67088

๐—ง๐—ฒ๐—ฐ๐—ต๐—ป๐—ผ๐—น๐—ผ๐—ด๐—ถ๐—ฐ๐—ฎ๐—น ๐—œ๐—ป๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐——๐—ฟ๐—ถ๐˜ƒ๐—ถ๐—ป๐—ด ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต
The doorbell camera market is witnessing a surge in innovation, with companies continuously developing advanced products integrated with Artificial Intelligence (AI) and cloud technology. These state-of-the-art doorbell cameras are designed to accurately distinguish between animals, people, parcels, and automobiles, enhancing their utility and reliability. Moreover, the integration of features such as Google Assistant, Amazon Alexa, Samsung SmartThings, and Apple Homekit has made these devices indispensable in modern smart homes.

๐—œ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ถ๐—ป๐—ด ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐˜† ๐—–๐—ผ๐—ป๐—ฐ๐—ฒ๐—ฟ๐—ป๐˜€ ๐—•๐—ผ๐—ผ๐˜€๐˜ ๐—”๐—ฑ๐—ผ๐—ฝ๐˜๐—ถ๐—ผ๐—ป
The rise in burglaries and package thefts is a significant driver for the adoption of doorbell cameras. In the U.S., an alarming statistic from the U.S. Department of Justice reveals that 2.5 million burglaries are committed annually, with 66% being home invasions. Additionally, the FBI reports a home burglary occurring every 15 seconds and a break-in every 26 seconds. This has led to a surge in the installation of security doorbell cameras to deter such crimes.

Online shopping trends also contribute to this growth. With 30% of online shoppers having experienced package theft, the demand for doorbell cameras to secure delivered packages has increased substantially.

๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ฟ๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฆ๐—ฒ๐—ฐ๐˜๐—ผ๐—ฟ ๐——๐—ฒ๐—บ๐—ฎ๐—ป๐—ฑ
Vandalism and theft in commercial areas have propelled businesses to prioritize security. The U.S. Small Business Administration states that an incident of vandalism costs small businesses an average of US$ 3,370. Businesses, especially those dealing in high-value items like jewelry and electronics, are increasingly installing doorbell cameras to prevent potential losses and enhance security.

๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜ ๐—ผ๐—ณ ๐—จ๐—ฟ๐—ฏ๐—ฎ๐—ป๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—–๐—ผ๐—ป๐˜€๐˜๐—ฟ๐˜‚๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต
Rapid urbanization and the booming construction sector are driving the installation of smart doorbells in both residential and commercial buildings. Modern homes and smart cities are integrating IoT technologies, including smart doorbells, to enhance security and operational efficiency. These technologies enable real-time monitoring and data-driven decision-making, contributing to safer and more secure urban environments.

๐—–๐—น๐—ถ๐—ฐ๐—ธ ๐—ต๐—ฒ๐—ฟ๐—ฒ ๐˜๐—ผ ๐˜ƒ๐—ถ๐—ฒ๐˜„ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฟ๐—ฒ๐—ต๐—ฒ๐—ป๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ถ๐—ป ๐—ณ๐˜‚๐—น๐—น ๐—ฑ๐—ฒ๐˜๐—ฎ๐—ถ๐—น - https://www.transparencymarketresearch.com/doorbell-camera-market.html

๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€
North America dominates the global doorbell camera market, driven by the presence of leading manufacturers and widespread adoption of these technologies. The Asia Pacific region is also expected to witness significant growth, attributed to the increasing trend of home automation and a thriving construction sector. The region's abundance of raw materials and the presence of key market players further bolster its market potential.

๐—ฃ๐—ฟ๐—ผ๐—บ๐—ถ๐—ป๐—ฒ๐—ป๐˜ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฃ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€
Key players in the doorbell camera market are heavily investing in research and development, product expansions, and strategic mergers and acquisitions to enhance their market share. Notable companies include Arlo, Chuango International Holdings, DoorBird, ELAN Nortek Security & Control LLC, Napco Security Technologies Inc., Ring LLC, SimpliSafe Inc., SkyBell Technologies Inc., Snap One, LLC, and Vivint Inc.

Recent product launches demonstrate the market's dynamic nature. For instance, in May 2022, Vivint Smart Home introduced a suite of products including the Doorbell Camera Pro, while Bird Home Automation GmbH launched a customizable video door camera portfolio at the Integrated Systems Europe expo. Similarly, Ring LLC's launch of the Ring Video Doorbell 4 in April 2022, with enhanced features such as improved battery life and pre-roll video, exemplifies the continuous innovation in this sector.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ | ๐ˆ๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž ๐š๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=67088<ype=S

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€ ๐—ง๐—ฟ๐—ฎ๐—ป๐˜€๐—ฝ๐—ฎ๐—ฟ๐—ฒ๐—ป๐—ฐ๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜:

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