Press Release

Global Smart Doorbell Market to Grow at a CAGR of 43.6% During 2024-2032, Driven by the Rising Demand for Improved Security

Global Smart Doorbell Market

According to a new report by EMR titled, ‘Global Smart Doorbell Market Report and Forecast 2024-2032’, the global smart doorbell market is predicted to grow at a CAGR of 43.6% to attain a value of USD 35.89 billion between 2024 and 2032.

Smart doorbells provide enhanced security to homeowners. It is an internet-connected device that alerts the occupant's smartphone to display real-time video of the visitor. Consumers are increasingly investing in smart homes to reap the benefits of home security, automation, and convenience, which also favours the smart doorbell market demand. A few of the technologically advanced devices that allow homeowners to reap the benefits of home automation include smart doorbells, smart cameras, smart thermostats, smart lights, smart locks, and smart smoke alarms, among others. A majority of smart doorbells are designed to allow customers DIY installations, eliminating the need for professional assistance and making them accessible to a wide range of users.

 

North America is expected to hold a significant share of the market for smart doorbells. In the United States of America, a burglary occurs every 51 seconds. In 2021, according to the Federal Bureau of Investigation (FBI), the country witnessed 619,811 burglaries. The rising security concerns are expected to drive the demand for security doorbells to ensure home security.

 

In October 2023, ecobee, a subsidiary of Generac Power Systems (NYSE: GNRC) launched a new Smart Doorbell Camera. The product is characterised by an industry-leading vertical field of view, radar sensing technology for accurate detection, and smarter notifications. The product can seamlessly integrate with ecobee Smart Thermostat Premium to create a first-of-its-kind integration between a smart thermostat and a smart doorbell.

 

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Market Breakup by Product and Region:

  • The smart doorbell market is segmented, based on product, into stand-alone smart doorbell and integrated smart doorbell.
  • Region-wise, the global market for smart doorbell can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • The rising integration of artificial intelligence (AI) has aided the development of sophisticated smart doorbells. Smart doorbells have cameras integrated with artificial intelligence (AI). AI can filter out “false positives”, so occupants don’t get false alerts for any general movement outside. Advanced AI systems recognise people and even identify familiar faces and package deliveries.
  • An improvement in internet connectivity globally is aiding the demand for smart home gadgets, including smart doorbells to ensure home security.
  • The rising awareness that smart doorbells can significantly help police and government authorities in investigating a crime scene or a break-in is expected to drive their demand. Footage from smart doorbells can be used in court to assist in identifying a suspect.
  • Increasing research is leading to the development of smart doorbells with built-in night vision. The built-in night vision allows the doorbells to capture black-and-white video images of anyone approaching the home at night.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for smart doorbell for the periods (2018-2023) and (2024-2032).
  • The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product, and major regions of smart doorbell.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the smart doorbell market are August Home, Inc., dbell Inc., Google LLC, Ring LLC, and SkyBell Technologies Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Region
Breakup by Product
  • Stand-Alone Smart Doorbell
  • Integrated Smart Doorbell
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • August Home, Inc.
  • dbell Inc.
  • Google LLC
  • Ring LLC
  • SkyBell Technologies, Inc.
  • Others

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

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