Smart Doorbell Market: Global Analysis and Forecast (2024-2030)

The Global Smart Doorbell Market size was valued at USD 1.97 Billion in 2023 and the total Global Smart Doorbell revenue is expected to grow at a CAGR of 6.24% from 2024 to 2030, reaching nearly USD 3.01 Billion by 2030.
Global Smart Doorbell Market Overview:
The smart doorbell market is experiencing robust growth worldwide, driven by increasing consumer awareness of personal safety and home security. These devices, equipped with internet connectivity and integrated cameras, speakers, and microphones, offer sophisticated user experiences. Urbanization and building automation are further fuelling demand for smart doorbells globally. The market growth is restrained by the high cost of these devices. Despite challenges, factors like flexibility, security, and convenience continue to drive market growth, with smart locks and doorbells becoming increasingly popular. The market is segmented by type, component, end-users, sales channels, and regions, with significant growth opportunities anticipated, particularly in the Asia-Pacific region.To know about the Research Methodology :- Request Free Sample Report
Global Smart Doorbell Market Dynamics
The growing preference for a higher quality of life is significantly propelling smart doorbell market growth

The increasing desire among consumers for a better standard of living is positively impacting the smart doorbell market. Smart doorbells offer homeowners convenience and security by allowing them to monitor and control access to their homes remotely, addressing rising concerns about safety and security, particularly in urban areas. Integrating with smart home systems enhances overall functionality, giving users greater control over their living environment. Remote accessibility appeals to busy consumers, enabling them to stay connected to their homes and receive real-time notifications about visitors or deliveries. Technological advancements in smart doorbell features, such as facial recognition and two-way audio, improve security and user experience, driving demand for these solutions. As consumers prioritize safety, convenience, and peace of mind, the smart doorbell market is expected to continue growing to meet these evolving needs and preferences.

The global population of high-net-worth individuals (HNWIs) is increasing, leading to a growing preference for luxurious lifestyles worldwide. As consumers' spending capacity increases along with rising disposable income, there's a corresponding uptick in expenditure on luxury goods and services. This surge in income levels is largely fuelled by the growing working population on a global scale. Consequently, a larger number of consumers now have the means to invest in smart home solutions, thereby driving the demand for products like smart doorbells.

Smart Homes Revolutionize Living Spaces: Impact on Smart Doorbell Market

The emergence of smart homes has had a profound impact on the way individuals interact with their living spaces, particularly influencing the smart doorbell market. Smart doorbells have transitioned into essential components of comprehensive smart home systems, seamlessly integrating with a variety of connected devices such as security cameras and thermostats. This integration not only improves overall functionality but also enables users to remotely monitor and manage various aspects of their homes through a unified interface, thereby enhancing convenience and control.

The introduction of remote access via smartphone applications has revolutionized the user experience, making it easier to communicate with visitors and manage deliveries from anywhere. This convenience factor, combined with the increasing adoption of smart home technologies in everyday life, continues to drive the demand for smart doorbells as a crucial security solution. In addition to convenience, smart doorbells offer advanced security features like motion detection and two-way audio communication, empowering users to proactively respond to potential threats. Advancements such as facial recognition further enhance security measures, leading to increased consumer adoption.

The proliferation of smart homes has not only improved integration, convenience, and security within the smart doorbell market but has also spurred ongoing innovation and growth in the industry. It is essential for stakeholders to recognize and capitalize on these trends to effectively navigate the evolving landscape of smart home technologies.



Smart Home Statistics in 2023


1. Number of Smart Homes
- Estimated 300 million worldwide

- 60.4 million active households in the US


2. Smart Thermostats Growth
- Significant growth in the smart device industry

- Can save up to 15% on cooling and 12% on heating bills


3. Increased Spending on Home

Technology in 2020
- In 2020, 46% of Americans spent more on home technology


4. Rise in Smart TVs Purchases
- During the pandemic, spending on smart TVs reached 55%


5. Surge in Security Systems
- During the pandemic, security systems grew by 23%


6. Projected Market Growth
- Experts expect the smart home technology market to reach $138 billion by 2026


7. Smart Homes in Europe
- 22.5 million smart homes in Europe in 2017


8. Anticipated Household Adoption
- Analysts predict 20% of households worldwide will own smart home technologies by 2025


9. US Dominance in Market Share
- The US holds the largest market share in smart home automation


10. Forecasted Security Spending
- Households expected to spend $19.4 billion on security systems


11. Current Market Size
- Smart home market size in 2022 was $80.21 billion



The integration, convenience, enhanced security features, increased demand, and technological innovation facilitated by smart home technology contribute to the positive impact on the smart doorbell market.

The increasing uptake of Internet of Things (IoT) technology within smart doorbells stands out as a pivotal trend influencing the market

The surge in IoT device adoption, particularly smart cameras tailored for residential use, is on the rise. These cameras come equipped with advanced video analytics and recognition capabilities, enabling the tracking of both people and objects' movements. Consumers leverage these cameras to capture home security events on video effectively. Vendors are introducing replacements for traditional doorbells and peepholes with smart security cameras. Vendors are offering a diverse range of wired and wireless indoor and outdoor security cameras designed for home use. These cameras boast various features, including built-in sirens, night vision, high frame rates, sensitive motion detection, and the ability to track humidity, temperature, and air quality. They are compatible with other smart home devices such as Amazon Alexa, Google Assistant, and Apple HomeKit.

As the adoption of IoT devices continues to expand in smart homes, the utilization of smart security cameras is expected to increase correspondingly. This, in turn, is expected to bolster the growth of the global smart doorbell market during the forecast period.

Market growth is being hindered by insufficient network coverage.

The necessity for comprehensive network coverage and high-speed data is constraining the growth of the global smart doorbell market. Effective performance of smart doorbells relies heavily on reliable high-speed Internet connectivity. While countries like South Korea, Japan, and the UK boast advanced Internet infrastructures, others lack the necessary network foundation, thereby impacting the adoption of smart doorbells.

Bluetooth and Wi-Fi serve as the primary means to link smart doorbells with other devices within home automation systems, such as surveillance systems or smart locks. The communication technology must exhibit fast speeds and extensive coverage to ensure the continuous functionality of smart doorbells. Inadequate network coverage results in subpar connections, lack of video display, and frequent disconnections. Poor network coverage poses a significant obstacle to the growth of the smart doorbell market during the forecast period.
Global Smart Doorbell Market Segment Analysis
The wired segment of the smart doorbell market saw steady growth from 2017 to 2023, reaching a value of USD XX million. Wired smart doorbells are favoured for their reliability and consistent connectivity, distinguishing them from wireless alternatives. These doorbells boast features like video recording, motion detection, and night vision, enhancing their appeal to consumers. Wired smart doorbells seamlessly integrate with other smart home devices such as security cameras, smart locks, and voice assistants. The demand for wired smart doorbells is expected to rise, driving further growth of the global smart doorbell market in the forecast period.
Global Smart Doorbell Market Regional Analysis
North America is poised to contribute significantly, estimated at 36%, to the global market's growth during the forecast period. The region hosts a diverse array of international and domestic vendors specializing in smart home products. Notable players in the global smart doorbell market include Ring, August Home, SkyBell Technologies Inc. (SkyBell), and Google LLC (Google). Furthermore, North America exhibits high levels of penetration and awareness regarding smart home automation products. The escalating adoption of smart doorbells is a global phenomenon, fuelled by residents' increasing expenditure on home automation systems due to the rising incidence of property crimes. This trend is anticipated to propel the demand for smart doorbells in the region. In 2020, the rapid spread of COVID-19 had adverse effects on major industries, including manufacturing and transportation. By the first half of 2021, manufacturing and supply chain activities gradually resumed as vaccination drives gained momentum worldwide. Consequently, the demand for smart doorbells in North America is expected to surge during the forecast period.
Smart Doorbell Market Scope: Inquiry Before Buying



Smart Doorbell Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1.97 Bn.


Forecast Period 2024 to 2030 CAGR:
6.24%
Market Size in 2030:
US $ 3.01 Bn.


 Segments Covered:
by Component
Hardware
Software


by Type
Wired doorbell
Wireless doorbell


by End Users
Residential
Commercial



Global Smart Doorbell Market by Region:
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Russia, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, and the Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Smart Doorbell Market Key Players:
Global Smart Doorbell Providers in North America:
1. Panasonic Corporation: Headquarters in Osaka, Japan.
2. Ring Inc.: Headquarters in Santa Monica, California, United States.
3. August, Inc.: Headquarters in San Francisco, California, United States.
4. Arlo Technologies, Inc.: Headquarters in San Jose, California, United States.
5. Google LLC: Headquarters in Mountain View, California, United States.
6. SkyBell Technologies, Inc.: Headquarters in Los Angeles, California, United States.

Global Smart Doorbell Providers in Europe:
7. Smartwares Group: Headquarters in Tilburg, Netherlands.
8. Legrand: Headquarters in Limoges, France.
9. Soliom Solar Home Security: Headquarters in London, United Kingdom.

Global Smart Doorbell Providers in Asia-Pacific:
10. Shenzhen VStarcam Technology Co., Ltd: Headquarters in Shenzhen, China.
11. Xiaomi Corp.: Headquarters in Beijing, China.

Global Smart Doorbell Providers in Middle East & Africa
12. Chui: Headquarters in Dubai, United Arab Emirates.
13. Intelligent Technology Co., Ltd: Headquarters in Dubai, United Arab Emirates.
14. Danke: Headquarters in Johannesburg, South Africa.
15. dbell Inc.: Headquarters in Cape Town, South Africa.
16. Eques Inc.: Headquarters in Lagos, Nigeria.
17. iseeBell Inc.: Headquarters in Nairobi, Kenya.
18. Aeotec Ltd.: Headquarters in Cape Town, South Africa.
FAQs:
1. Which region has the largest share in Global Smart Doorbell Market?
Ans: North America region holds the highest share in 2023.

2. What is the growth rate of Global Smart Doorbell Market?
Ans: The Global Smart Doorbell Market is growing at a CAGR of 6.24% during forecasting period 2024-2030.

3. What segments are covered in Global Smart Doorbell market?
Ans: Global Smart Doorbell Market is segmented into Component, Type, End Users, and region.

4. Who are the key players in Global Smart Doorbell market?
Ans: The important key players in the Global Smart Doorbell Market are Danke: Headquarters in Johannesburg, South Africa. dbell Inc.Headquarters in Cape Town, South Africa. Eques Inc.: Headquarters in Lagos, Nigeria. iseeBell Inc. Headquarters in Nairobi, Kenya. Aeotec Ltd.: Headquarters in Cape Town, South Africa) and Others

5. What is the study period of this market?
Ans: The Global Smart Doorbell Market is studied from 2023 to 2030.