smart doorbell market size
According to Market Research Future, the market for the global smart doorbells has been segmented on the basis of type, component, end-users, sales channel, and region.
Smart doorbells are gaining popularity among the masses owing to the ease of monitoring the entry door to homes and commercial spaces. These doorbells are connected to the Internet and can be accessed by the user using a mobile app. The growing security concerns, changing lifestyles, and rise in the number of smart homes are the key factors driving the smart doorbell market size. However, the high cost of smart doorbells is expected to restrain market growth.
Based on type, the market has been categorized as wired doorbell and wireless doorbell. The wired doorbell segment is projected to account for the larger share during the review period owing to its benefits such as easy installation and low cost. However, the wireless doorbell segment is expected to register the higher CAGR during the forecast period.
Based on component, the market has been categorized into hardware and software. The hardware segment dominated the market in 2018. The hardware components of the smart doorbell include camera, light and motion sensors, microphone, infrared LED, and speaker. This segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.
Based on end user, the market has been categorized as residential and commercial. The residential segment is expected to dominate the review period and is expected to register the highest CAGR during the forecast period. The rise in smart home construction in the Asia-Pacific region is expected to drive the smart doorbell market during the forecast period.
Based on the sales channel, the market has been categorized as store-based and non-store based. The store-based segment is expected to dominate the review period whereas the non-store segment is expected to register the highest CAGR during the forecast period. Owing to ease of purchase, majority of the bulk orders for smart doorbells are placed through store-based sales channels.
Regional Analysis
The global smart doorbells market has been segmented by region, into North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific, followed by Europe, is expected to be the largest market in the forecast period. Within Asia-Pacific, China is expected to hold the highest market share. The growing market for the real estate sector drives the demand for smart doorbells in the Asia-Pacific.
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Key Players
The Prominent Players in the Global Smart Doorbells Industry are Panasonic Corporation (Japan), Shenzhen VStarcam Technology Co., Ltd (China), Ring Inc. (US), SkyBell Technologies Inc. (US), dbell Inc. (US), August, Inc. (US), SkyBell Technologies, Inc. (US), Chui (US), Dnake (XIAMEN) Intelligent Technology Co., Ltd. (China), Smartwares Group (Netherland), Legrand (France), and Arlo Technologies, Inc. (US).
