Video Doorbell Market size was valued at USD 1.56 Billion in 2023 and is set to cross USD 7.13 Billion by the end of 2036, expanding at more than 15.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of video doorbell is estimated at USD 1.7 Billion. Increasing concerns regarding protective measures among consumers owing to the rise in burglary, and trespassing, are propelling the market.
Notable advancements in digital technologies such as the Internet of Things (IoT) and artificial intelligence (AI) in doorbell systems are credited to the market growth. The increasing adoption of internet-enabled doorbell technology is also set to fuel market growth. As per a survey, video doorbells can now pick up conversations from around 10 to 25 feet away, which is possible due to the advent of digital technologies.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
15.2% |
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Base Year Market Size (2023) |
USD 1.56 Billion |
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Forecast Year Market Size (2036) |
USD 7.13 Billion |
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Regional Scope |
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Type (Wired, Wireless)
The wireless-type video doorbell segment is expected to dominate the global market with a share of 75% over the forecast period. The rapid development of internet infrastructure and increased adoption of Wi-Fi will augment the market growth. The expansion of the 5G network, AI, and IoT is backing the growth of the wireless segment. As doorbells have arisen as a vital home protection and security measure, the adoption rate of wireless video doorbells is surging.
Distribution Channel (Online, Offline)
The online segment of distribution is set to hold over 70% of the overall segment share. The advancing e-commerce industry and the burgeoning number of online buyers are anticipated to boost segment growth. Online stores provide several basic and advanced facilities to their consumers such as home delivery, easy installation, after-sale services, and exchange & return and warranty plans. These are responsible for the growing popularity of online shopping. Also, online stores are keen to launch new products, and buyers prefer online buying to access the latest technology products.
Our in-depth analysis of the market includes the following segments:
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Type |
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Distribution Channel |
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End User |
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APAC Market Statistics
The video doorbells industry share in Asia Pacific, is accounted for a share of about 30%. The market growth is backed by the ongoing flourishment in the real estate sector and increasing emphasis on smart urban planning. Countries like Singapore, China, and South Korea are already known for their smart cities. In 2020, 900 pilot projects with around 290 cities including Beijing and Shanghai participated in the numerous smart city pilot projects across China, and the number is rising.
North America Market Analysis
The North American video doorbell market registers a share of about 25% during the forecast timeline. The rising use of smart doorbells in home systems, and commercial space is the most significant factor fueling the video doorbell industry. Almost 2 in 10 Americans making it nearly 18% of the total population have video doorbells, as per a survey conducted in January 2021.
Author Credits: Abhishek Verma
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