Video Doorbell Market Projected to Reach $4.6B Globally at a CAGR of 14.3% by 2031: Allied Market Research

Rising awareness of residential and commercial building security and increasing demand for smart homes with intelligent security systems have fueled the growth of the global video doorbell market.

PORTLAND, Ore., September 22, 2022 /PRNewswire/ — Allied Market Research recently published a report entitled “Video Doorbells Market, by PRODUCT TYPE (Wired, Wireless), by Application (Indoor, Outdoor), by End-User (Residential, Non-Residential): Global Opportunity Analysis and Industry Forecast, 2020-2031”. According to the report, the global video doorbell industry fell $1.2 billion in 2021 and is expected to be achieved $4.6 billion to 2031, growing at a CAGR of 14.3% from 2022 to 2031. The report provides an in-depth analysis of changing market trends, key investment pockets, top segments, regional landscape, value chain and competitive scenario.

Download the free sample report (210-page PDF with insights, charts, tables, figures): https://www.alliedmarketresearch.com/request-sample/17435

Main determinants of market growth

Rising awareness of residential and commercial building security and increasing demand for smart homes with intelligent security systems have fueled the growth of the global video doorbell market. However, the lack of availability of internet connections and high capital costs are hampering the market growth. On the other hand, technological innovations in video doorbell system are expected to bring new opportunities in the future.

Covid-19 scenario:

  • The pandemic has presented major manufacturing facilities with challenges due to the ongoing lockdown and labor shortages.
  • The strict pandemic regulations disrupted the supply chain. On the other hand, the ban on importing and exporting non-essential items during the pandemic posed challenges for manufacturing companies.
  • However, as the world gets back on track, demand for video doorbells is expected to get back on track soon.

The wireless segment dominated the market growth

By product type, the wireless segment held the largest share and accounted for almost three quarters of the global video doorbell market in 2021 and is estimated to dominate the market throughout the forecast period. This is due to increasing concerns about home security. However, the wired segment is expected to register the highest CAGR of 14.8% worldwide during the forecast period owing to the growth of rapid urbanization and building automation.

The outdoor segment with the highest CAGR by 2031

The outdoor segment is expected to register the highest CAGR of 14.6% during the forecast period. Furthermore, the segment held the largest share and contributed to more than two-thirds of the global video doorbell market in 2021 and is expected to continue its dominance during the forecast period. This is due to the increasing need for home automation.

The residential segment had the lion’s share

By end-users, the residential segment dominated the market in 2021, accounting for almost three quarters of the global video doorbell market and is expected to continue its dominance from 2022 to 2031. This is due to increasing security concerns and increasing demand for smart home security systems. However, the non-residential segment is estimated to witness the highest CAGR of 15.4% during the forecast period, owing to the increasing concerns about safety and the rise in comfort levels in the non-residential sector.

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North America held the largest share

By region, the market across North America dominated the market in 2021 accounting for nearly two-fifths of the global video doorbell market and is expected to dominate in terms of revenue during the forecast period. Additionally, the region is expected to register the highest CAGR of 16.5% over the forecast period. This is due to increasing investments in infrastructure and construction activities as well as investments in infrastructure by the government. The report contains an analysis of the entire market Europe, Asia Pacificand LAMEA.

Important market participants

  • ADT Inc.
  • Amazon.com Inc.
  • Arlo
  • ASSA ABLOY Group (home Aug)
  • Dell Inc.
  • LaView Eagle Eye Technology Inc.
  • Netvue Inc.
  • Night Owl SP, LLC
  • Olive & Pigeon
  • Owlet Home LLC
  • Panasonic Corporation
  • SimpliSafe Inc.
  • SkyBell Technologies, Inc.
  • TP-Link Technologies Co.Ltd.
  • Vivint Smart Home Inc.
  • Wyze
  • Zmodo

The report analyzes these major players of the global video doorbell market. These companies have adopted multiple strategies such as expansion, partnerships, new product launches, collaborations and mergers and acquisitions to gain a foothold in the industry. Additionally, the report is essential in determining the business performance, product portfolio, business segments, and developments of each market player.

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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global, mid- and small-sized companies with unmatched quality of “Market Research Reportsand Business Intelligence Solutions. AMR has a focused view of providing business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market space.

We are in professional business relationships with various companies and this helps us to unearth market data which help us create accurate research data tables and confirm the highest accuracy of our market forecasts. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high data quality and help clients succeed in any way possible. All data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable professionals and analysts in the industry.

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