The global smart doorbell market size was valued at USD 2.96 billion in 2021. It is expected to reach around USD 11.98 billion, growing at a CAGR of 16.8% during the forecast period (2022–2030). A smart doorbell system is an internet-connected doorbell gadget that notifies the homeowner of an incoming visitor. It supports smartphones with iOS or Android. Smart doorbells are activated when a visitor hits the doorbell's button, and the doorbell detects a visitor using its inbuilt motion sensors. A smart doorbell is a cutting-edge home component that enhances security by deterring robbery and invasion.
A smart doorbell is a combination of software and hardware components that ensures homeowners do not have to answer the door unless the individual at the door has been adequately verified and identified. When the owner is not at home, a smart doorbell can show a pre-programmed message and notify the owner via video.
Get more information on this report Download Sample Report
Increase in the Internet of Things (IoT) and Artificial Intelligence (AI)
A rise in adoption of the Internet of Things (IoT) and Artificial Intelligence (AI) in doorbell systems drive industry growth. Growing public worries about safety and security are anticipated to enhance the demand for smart doorbells and propel the market. Increased internet penetration and a growing need to control most utilities with a single click are expected to boost sales of smart doorbells. Consumers can become increasingly interested in smart locks in the coming years due to features such as flexibility with high security, ease of installation, remote locking and unlocking, and quick alerts to homeowners during a break-in.
Smart doorbells are essentially security cameras with door-answering features. Smart doorbell cameras with AI (artificial intelligence) person recognition can filter out "false positives," so don't receive a slew of motion alerts for wind-blown tree branches. More advanced AI systems are superior at recognizing humans instead of motion in general, but they can also recognize known faces and package delivery.
Growing Initiatives by the Government and Authorities
The development of the smart doorbell market is projected to be bolstered by the expansion of initiatives performed by authorities and governments. Additionally, the rise in risks to the safety of individuals and households is predicted to fuel the market's growth. The expansion of the smart doorbell market is driven by the global increase in demand for comfortable home automation and luxurious lifestyles.
Police departments worldwide have collaborated with Ring, Amazon's "smart" doorbell program, to create a new video monitoring system. Ring films and records any interaction or movement occurring at the user's front door and sends alerts to mobile devices. These agreements extend the government's surveillance of public spaces, erode public confidence in civic institutions, stoke fear on purpose, and deny citizens the openness required to assure accountability and develop legislation.
Lack of Internet Connectivity and High Investment Cost
Lack of internet access and hefty capital costs necessary for smart doorbells impede market expansion. In addition, technical advancements in smart doorbell systems are anticipated to create attractive market opportunities for smart doorbells over the projection period. The initial cost of the device may be further expenses associated with purchasing a smart doorbell. A device-specific subscription may include cloud storage for photographs and videos, professional monitoring, and more features and functionalities. Furthermore, smart doorbell devices may generate false alarms if they detect animal motion or if something in the range activates the alert mechanism.
Attackers can use cross-site scripting and code injection to access the portal and steal user credentials, posing a threat to home security. These security issues are anticipated to hurt industry expansion as a whole.
The global smart doorbell market is segmented by type, component, end-user, and sales channel.
Based on type, wired doorbells will capture the largest market share in smart doorbells. Nevertheless, the wireless doorbells category is anticipated to record the highest CAGR over the analyzed period due to its versatility, ease of installation, and affordability.
Based on the component, the Hardware segment will dominate the market for smart doorbells. The hardware category is likely to dominate the market, and its CAGR is anticipated to be substantial over the forecast period. The principal hardware component of a smart doorbell consists of a camera, light and motion sensors, a microphone, infrared LED, and a speaker.
Based on end-user, the residential market segment records the highest growth. As the largest market for door intercoms, the residential segment is predicted to have the highest CAGR over the forecast period. The global rise demands intelligent doorbells for smart home construction.
Based on the distribution channel, the store-based segment will hold the largest market share globally. The store-based segment is anticipated to have a more significant market share internationally. Nevertheless, the non-store-based segment is expected to record the highest CAGR throughout the forecast period. Due to the convenience of purchasing, most bulk orders of doorbells are placed through non-store-based channels.
The global smart doorbell market is primarily classified into three regions, namely North America, Europe, and Asia-Pacific.
Regional Growth Insights Request Sample Pages
Asia-Pacific is anticipated to hold the most significant proportion of the global smart doorbell market. Advances in the Internet of Things (IoT) and artificial intelligence (AI) technology have fueled the development of smart doorbells for use in residential and commercial settings. Furthermore, the expanding real estate market may increase demand for smart doorbells.
North America dominates the market for smart doorbells due to the rapid adoption of smart home automation systems and appliances. There is an increase in the adoption of the most current advanced video smart doorbell systems. Also, significant government investments in smart cities will drive the growth of the smart doorbell market in the area over the forecast period. The expansion of the Internet of Things (IoT) and artificial intelligence (AI) technologies has encouraged manufacturers to make smart doorbells for residential and business settings. In addition, the rise in demand for smart doorbells due to the expansion of the real estate industry is predicted to fuel the growth of the smart doorbell market in the area in the coming years.
Europe is the second-largest market share for smart doorbells due to a significant concentration of market participants, the easy availability of qualified technological talent, and the rise in smart buildings. In addition, the increasing need for safety and security in apartments and condominiums has led to the growth of the door intercom sector in Europe.
The nation portion of the research also includes specific market affecting elements and changes in domestic market regulation that influence the current and future market trends. Several critical data points are used to analyze the market scenario, including consumption volumes, production sites and books, import-export analysis, price trend analysis, raw material cost, and downstream and upstream value chain analysis. Providing a forecast analysis of the country's data also considers the presence and availability of global brands and the obstacles they face owing to intense or limited competition from local and domestic brands, the influence of domestic tariffs, and trade routes.
The global smart doorbell market's major key players are