Video Doorbell Market size is anticipated to reach USD 10 Billion by 2035, witnessing around 15% CAGR from 2023 to 2035. In the year 2022, the industry size of video doorbell was USD 2 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.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~15% |
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Base Year Market Size (2022) |
~ USD 2 Billion |
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Forecast Year Market Size (2035) |
~ USD 10 Billion |
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Regional Scope |
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Growth Drivers
Challenges
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, Hetal Singh
Ans: The advancements in technology and its adoption for better security & surveillance are the major factors driving the growth of the video doorbell market.
Ans: The market size of video doorbells is anticipated to attain a CAGR of ~15% over the forecast period, i.e., 2023 – 2035.
Ans: The major players in the market are Amazon.com, Inc., Google LLC, SkyBell Technologies Inc., Shenzhen VStarcam Technology Co., Ltd, Panasonic Corporation, dbell Inc., Owlet Home LLC, Assa Abloy AB, Netvue Inc., Night Owl SP, Vivint Smart Home, Inc.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by, distribution channel, end-user, and by region.
Ans: The wireless segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Ans: The increasing incidences of data theft and reduced data security are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the APAC region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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