Doorbell Camera Market Analysis Report By Product, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global doorbell camera market size was accounted for USD 1.4 billion, in 2018 and is projected to grow at the CAGR of 10.3% over the forecast period, 2019 to 2025. Increasing concerns regarding the safety and security of families are a key factor contributing to market growth. In addition, rising awareness about artificial intelligence among consumers is expected to propel the demand for doorbell cameras.

High-tech companies are focus on developing new products by using artificial intelligence to meet consumer needs. For instance, for better communication, these cameras can be integrated into the two-way system with audio service to have users easy access with any visitor.

Furthermore, the growing rate of crime across the globe is one of the major security concerns. According to FBI statistics, the violent crime rate in 2017 was over 382 offenses among 1000 inhabitants. Violent crime includes murder, manslaughter, rape, and robbery cases. Additionally, crime against property was around 2362 offenses among 100000 inhabitants. It includes vehicle theft, burglary, and larceny-theft. In the European Union (EU), over 5,200 homicide cases were registered in 2016. All these concerns have influenced the people to look after their safety and security. 

The increasing trend of smart homes is anticipated to boost market growth over the next few years. Availability of high-speed internet in remote areas is also allowing a consumer to have access to their amenities, which is projected to increase the demand for the product. 

Companies such as TBI smart solutions offer integrated platforms for monitoring fire and burglary. This solution also helps to keep track of energy, light, and thermostat. Thus, these beneficial factors are anticipated to impact the demand for the product from 2019 to 2025. 

Product Insights

By product, the doorbell camera market is bifurcated into wired and wireless categories. In 2018, the wired segment held the largest share of over 60.0% in the overall market. The prevailing wired network is boosting the demand for the segment. Wired doorbell cameras come in different designs that are easily suited to the décor of the home. Designer bodies are also comprised of polished wood and metallic scrolls. 

The wireless segment is anticipated to grow at the highest CAGR of 10.6% over the forecast period. Nowadays, it is not allowed to do wiring and drilling after the completion of construction work of modern houses. Thus, these structures need a wireless security system to keep track of the home. Wireless cameras are easy to install and can be fitted on any type of wall. Moreover, advent features such as motion detection, smart alerts on devices are expected to foster market growth.

Distribution Channel Insights

Based on distribution channels the market is bifurcated into offline and online segments. In 2018, the offline channel dominated the market with a share of above 65.0% in the overall market. Consumers are willing to pay more for advanced technology products. The offline channels are comprised of hypermarkets and supermarkets with special stores for the electronic device segment. Leading players like Walmart offer these products through their separate electronic sections. Some of the offline retail stores such as DIGOO, Supersellers, EECOO, Marainbow, Tagital, and LaView offer the product. These products are priced between USD 40 to 3000.

Factors such as the availability and authenticity of all the major brands under one roof are gaining momentum among consumers. Consumers also prefer to buy from specialty stores due to factors such as after-sale experience, and installation support. 

Online channels are projected to grow at a significant CAGR from 2019 to 2025. Increasing penetration of e-commerce is one of the main reasons for the rise in online retailers. Online channels offer unbiased credibility owing to the performance of these products. 

Regional Insights

In 2018, North America held the largest market share of over 30% in the overall market. The growth is majorly attributed to rising awareness about security concerns across countries such as U.S. and Canada. Additionally, police authorities are also insisting consumers install video cameras to eradicate criminal incidents and cases.

Asia Pacific is anticipated to grow at the CAGR of 11.3% during the forecasted period. Increasing crime rates across countries such as Pakistan, South Korea, Iran, Afghanistan, China, and India is expected to propel the demand for the product. In addition, manufacturers in China provide these products at a cheaper rate, which in turn is boosting the market growth.

Impact of COVID-19 Insights

The COVID-19 pandemic has negatively impacted the global doorbell camera market. The coronavirus crisis has hit the physical security industry with major industrial factories that had been close down. Large enterprises are installing doorbell cameras for screening visitors and avoiding delivery waits. In addition, the rising security threat concerns such as the catching of criminals or intruders are projected to positively impact the market for doorbell cameras.

However, the supply chain disruption in electronic components especially from China is hampering the market growth. In addition, technological advancement including remote access controls, video surveillance solutions is expected to boost the demand for doorbell cameras.

Doorbell Camera Market Share Insights

Leading players in the market include Hangzhou Hikvision Digital Technology Co., Ltd.; August Home; IFIHomes; AUXTRON; SkyBell Technologies, Inc.; Napco Security Technologies, Inc.; Zmodo; VTech Communications, Inc.; Vivint, Inc.; and Ring.Top players in the market are focusing on product innovations owing to the continuous evolution of cutting-edge technologies such as AI and voice recognition.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global doorbell camera market report based on product, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Wired
    • Wireless

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa (MEA)
        • South Africa