Doorbell Camera Market Rising With Growth In New Technology Trends Research By 2025
The global doorbell
camera market size is expected to reach USD 2.8 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of
10.3% over the forecast period. Rising security concerns owing to
increasing crime rate at a global level are expected to promote the scope of
doorbell camera as these devices act as the evidence providers in various
cases.
For instance, these devices keep a
track of a delivery or pick up, which was supposed to happen in the absence of
the owner. They also help in monitoring the people accessing the house, whether
they are the servants, house helps, repair service providers, babysitters, and
others. In case of the new visitors, one can use the same cameras to zoom in to
their ID’s or face to get a better picture and avoid risks.
In recent years, it has been noticed
that most real estate builders and architects are considering doorbell cameras
as an eminent element of basic amenities. For instance, Toll Brothers, a
premium U.S. based home construction company, offers TBI smart home solutions
that help in total protection. A single app helps in monitoring and controlling
multiple aspects of home security. They offer an integrate system of camera,
doorbell, motion sensor, micro phone, and speaker. With the help of these
doorbells, the triggered events can be recorded. The rules can be set for
switching on the porch light as and when motion is detected or get an alert
whenever a visitor approaches the door, even if the bell is not pressed.
Product innovation is expected to
remain a critical success factor among the industry participants. In March
2019, August Home Inc. launched August View, a new wireless doorbell. The
product is said to have better performing video with a resolution of 1440p,
along with two-way audio system, which will allow a real time conversation with
the visitor. This doorbell camera will be available at USD 299.99. It is
capable of sending an alert every time a visitor approaches the doorstep and
offers live video streaming of the doorstep 24/7. Additionally, all of its
recorded videos can be saved on the cloud provided customers who have
subscribed for August Video Recording. The resolution can be zoomed into focus
on ID’s and other smaller objects.
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Similarly, in January 2019, Robin
Telecom Development, a Netherland based tech hardware company, launched ProLine
video doorbell. The device has 720p HD and covers a wide-angle view of 130
degree. HomeKit integration is required to get access to the recorded video. It
also offers two way audio system, which is compatible with WiFi, 3G, and 4G.
Further key findings from the report suggest:
·
Asia Pacific is expected to
register the fastest CAGR of 11.3% from 2019 to 2025 owing to increasing number
of middle-class income groups in developing economies
·
Wired products accounted for
more than 60.0% share of the global revenue in 2018
·
Wireless products are expected
to register the fastest CAGR of 10.6% from 2019 to 2025 owing to high level of
convenience offered to the consumers by wireless products
·
Online distribution channel is
expected to expand at the fastest CAGR of 10.7% from 2019 to 2025
·
Key industry participants
include in the global doorbell camera market are August Home; AUXTRON; Hangzhou
Hikvision Digital Technology Co., Ltd.; IFIHomes; Napco Security Technologies,
Inc.; Ring; SkyBell Technologies, Inc.; Vivint, Inc.; VTech Communications,
Inc.; and Zmodo.
In
the recent years, the crime rate across the globe has observed a perpetual
growth. According to the FBI’s 2017 Crime Statistics, the rate of violent crime
was 382.9 offenses per 100,000 inhabitants. Violent crimes include
non-negligent manslaughter, murder, robbery, rape, and aggravated assaults. In
addition, the rate of property crime reported was 2,362.2 offenses per 100,000
inhabitants, which include burglary, larceny-theft, motor vehicle theft, and
arson. The situation is not much different in the rest of the world. In the
year 2016, 5,200 intentional homicide cases were recorded in the European
Union. These large number of crimes committed have drawn people’s attention
towards enhancing the security system around themselves. Doorbell camera has
evolved as an essential security element for controlling and monitoring the
access to one’s residence.
Another
important consumer trend impacting the market growth positively is increasing
awareness and desire to reside in smart homes. Rising internet penetration,
along with increasing desire for controlling most amenities with one click, is
expected to promote the scope of doorbell cameras. The modern technologies have
together integrated the security and comfort.
Companies
including TBI Smart Home Solutions, Inc. are offering integrated solutions to
monitor burglary, fire, and other such emergencies. These solutions help the
user keep a complete track of thermostat, lock, light, and energy amongst
various other factors. All these together have been influencing the consumers
to buy doorbell cameras either as a standalone solution or in integration with
total home security solutions.
Browse Press
Release of this report:
Wired
doorbell camera accounted for a share of more than 60.0% in 2018. Most houses
are already built with wiring for a hard-wired doorbell. The existing wiring
promotes people to go ahead with wired doorbells. In addition, these products
are available in various designer bodies, which makes them suitable for
complementing the décor. The bodies can be composed of antique metallic scrolls
to polished wood. Thus, it can continue being the primary choice for consumers
who are looking for convenience as well as visual appeal.
Wireless
doorbell camera is expected to expand at the fastest CAGR of 10.6% from 2019 to
2025. Modern houses do not permit drilling and wiring post the completion of
the construction. Thus, the houses which do not have predesignated wiring for
doorbells compel the owners to invest in wireless doorbell. In addition,
installation of these devices is easy and it does no damage to the walls. Many
of these wireless cameras are designed to be installed in the peep hole of the
doors. Advanced features including convenience options like intercom, motion
detection, and instant alerts on smart devices are projected to attract the
buyers to opt for the products.
Grand View Research has segmented the global doorbell
camera market on the basis of product, distribution channel:
Doorbell Camera Product Outlook (Revenue,
USD Million, 2015 - 2025)
·
Wired
·
Wireless
Doorbell Camera Distribution
Channel Outlook (Revenue, USD Million, 2015 - 2025)
·
Offline
·
Online
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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